期末复习练习题2
1. Using the table below, indicate the impact of the following errors made during the adjusting entry process. U a "+" for overstatements, a "-" for understatements, and a "0" for no effect. The first one is provided as an example
2．On December 14 Bench Company received $3,700 cash for consulting rvices that will be performed in January. Bench records all such prepayments in a liability account. Prepare a general journal entry to record the $3,700 cash receipt. 蓑衣茄子
3. On December 31, Connelly Company had performed $5,000 of management rvices for clients that had not yet been billed. Prepare Connelly's adjusting entry to record the fees earned.
4. 临安春雨初霁赏析A company has 20 employees who each earn $500 per week for a 5-day week that begins on Monday. December 31 of Year 1 is a Monday, and all 20 employees worked that day.
溜溜球招式a) Prepare the required adjusting journal entry to record accrued salaries on December 31, 2009.
b) Prepare the journal entry to record the payment of salaries on January 4, 2010.
新年贺词5. Prepare general journal entries on December 31 to record the following unrelated year-end adjustments.
a. Estimated depreciation on office equipment for the year, $4,000.
b. The Prepaid Insurance account has a $3,680 debit balance before adjustment. An examination of insurance policies shows $950 of insurance expired.
c. The Prepaid Insurance account has a $2,400 debit balance before adjustment. An examination of insurance policies shows $600 of unexpired insurance.
d. The company has three office employees who each earn $100 per day for a five-day workweek that ends on Friday. The employees were paid on Friday, December 26, and have worked full days on Monday, Tuesday, and Wednesday, December 29, 30, and 31.
e. On November 1, the company received 6 months' rent in advance from a tenant who rent is $700 per month. The $4,200 was credited to the Unearned Rent account.
f. The company collects rent monthly from its tenants. One tenant who rent is $750 per month has not paid his rent for December. 自制咸鸭蛋
6． Bella Beauty Salon's unadjusted trial balance for the current year follows:
Additional information:
a. An insurance policy examination showed $1,240 of expired insurance.
反流食道炎b. An inventory count showed $210 of unud shop supplies still available.
c. Depreciation expen on shop equipment, $350.
d. Depreciation expen on the building, $2,220.
e. A beautician is behind on space rental payments, and this $200 of accrued revenues was unrecorded at the time the trial balance was prepared.
f. $800 of the Unearned Rent account balance was earned by year-end.
g. The one employee, a receptionist, works a five-day workweek at $50 per day. The employee was paid last week but has worked four days this week for which she has not been paid.
h. Three months' property taxes, totaling $450, have accrued. This additional amount of property taxes expen has not been recorded.
i. One month's interest on the note payable, $600, has accrued but is unrecorded.
Required：
1）Bad on the above information, prepare the adjusting journal entries for Bella's Beauty Salon.
2）U the above information to prepare the adjusted trial balance for Bella's Beauty Salon.
7. Flora Accounting Services completed the transactions in February:
a. Purchad office supplies on account, $300.
b. Completed work for a client on credit, $500.
c. Paid cash for the office supplies purchad in (a).
d. Completed work for a client and received $800 cash.
e. Received $500 cash for the work described in (b).
f. Received $1,000 from a client for accounting rvices to be performed in March.
东北农家饭
Prepare journal entries to record the above transactions.
8. 创新演讲稿Maria Sanchez began business as Sanchez Law Firm on November 1. Record the following November transactions by making entries directly to the T-accounts provided*. Then, prepare a trial balance, as of November 30.
a) Sanchez invested $15,000 cash and a law library valued at $6,000.
b) Purchad $7,500 of office equipment from Johnson Bros. on credit.
c) Completed legal work for a client and received $1,500 cash in full payment.
d) Paid Johnson Bros. $3,500 cash in partial ttlement of the amount owed.
e) Completed $4,000 of legal work for a client on credit.
