KRISTI WILLIAMS FAMILY COUNSELING SERVICES CHART OF ACCOUNTS Assets 101 Revernue Cash Office Surplies Prepaid Iesurance Office Equipment Accumulated Depr.- Office Eguipment Camputer Equipment Accumulated Depr- Computer Equipment 401 Client Fees 142 145 Expenses 511 Wagen Expenne Rent Expense Office Spplies Expense Ublitien Expanaa Insurance Expanse Depr. Expame Office Equipment Depr. Expense Computer Equipment Miscellaneous Expense 181 181.1 521 523 187 533 187.1 535 541 Liabilities 201 202 Notes Payable Accounts Payable 542 549 Owner's Equity Kristi Williams, Capital Kristi William, Drawing 311 312 RW fanily Cauning Sen T an Dember 31, NNE Cash 101 700 00 Ofice Sapples Prepaid insarance Office lquipment Computer Equpment Notes Payable Accouts Payable Ke Wilam, Capital Ka Wiam, Drawing Cent Fee Wages lapeme Rt Epee Utlies Epense Mscellaneoun bpense 181 187 6000 00 201 00 00 202 311 11 D00 312 3000 00 401 35 0 00 9500 00 6000 00 21 1000 00 S11 521 549
KRISTI WILLIAMS FAMILY COUNSELING SERVICES CHART OF ACCOUNTS Assets 101 Revernue Cash Office Surplies Prepaid Iesurance Office Equipment Accumulated Depr.- Office Eguipment Camputer Equipment Accumulated Depr- Computer Equipment 401 Client Fees 142 145 Expenses 511 Wagen Expenne Rent Expense Office Spplies Expense Ublitien Expanaa Insurance Expanse Depr. Expame Office Equipment Depr. Expense Computer Equipment Miscellaneous Expense 181 181.1 521 523 187 533 187.1 535 541 Liabilities 201 202 Notes Payable Accounts Payable 542 549 Owner's Equity Kristi Williams, Capital Kristi William, Drawing 311 312 RW fanily Cauning Sen T an Dember 31, NNE Cash 101 700 00 Ofice Sapples Prepaid insarance Office lquipment Computer Equpment Notes Payable Accouts Payable Ke Wilam, Capital Ka Wiam, Drawing Cent Fee Wages lapeme Rt Epee Utlies Epense Mscellaneoun bpense 181 187 6000 00 201 00 00 202 311 11 D00 312 3000 00 401 35 0 00 9500 00 6000 00 21 1000 00 S11 521 549
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Kristi Williams offers family counselling services specializing in financial and martial prblems.A chart of accounts and
Information for year-end adjustment is as follows:
(a)Office supplies on hand at year-end amounted to $100.
(b)On january 1,20--,Williams purchased office equipment that cost $18,000.It has an expected useful life of 10 yers and no salvage value.
(c)On july 1,20--, Williams ourchased computer equipment costing %6,000.Assume that Williams computer
(d) On december 1,20--,Williams paid a premium of $600 for a six month insurance policy.
REQUIRED
1.Prepare the work sheet for the year ended December 31,20--,
2.Prepare
Transcribed Image Text:KRISTI WILLIAMS FAMILY COUNSELING SERVICES
CHART OF ACCOUNTS
Assets
101
Revernue
Cash
Office Surplies
Prepaid Iesurance
Office Equipment
Accumulated Depr.-
Office Eguipment
Camputer Equipment
Accumulated Depr-
Computer Equipment
401
Client Fees
142
145
Expenses
511
Wagen Expenne
Rent Expense
Office Spplies Expense
Ublitien Expanaa
Insurance Expanse
Depr. Expame
Office Equipment
Depr. Expense
Computer Equipment
Miscellaneous Expense
181
181.1
521
523
187
533
187.1
535
541
Liabilities
201
202
Notes Payable
Accounts Payable
542
549
Owner's Equity
Kristi Williams, Capital
Kristi William, Drawing
311
312
RW fanily Cauning Sen
T an
Dember 31,
NNE
Cash
101
700 00
Ofice Sapples
Prepaid insarance
Office lquipment
Computer Equpment
Notes Payable
Accouts Payable
Ke Wilam, Capital
Ka Wiam, Drawing
Cent Fee
Wages lapeme
Rt Epee
Utlies Epense
Mscellaneoun bpense
181
187
6000 00
201
00 00
202
311
11
D00
312
3000 00
401
35 0 00
9500 00
6000 00
21
1000 00
S11
521
549
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