Unadjusted Trial Balance Debit Adjustment Debit Particulars Credit Credit Cash 31,500 50,000 20,100 40,500 1,500,000 180,000 Cash in Bank Accounts Receivable с. 1,000 Inventory Land Equipment Accumulated Dep – Eqpt. Accounts Payable Income Tax Payable Unearned Income Loans Payable Long-term Debt Honey, Capital Honey, Drawings Sales b. 8,000 32,000 80,500 55,000 4,000 d. 4,000 150,000 255,000 1,227,600 5,000 460,000 d. 4,000 Sales Return & Allowances 12,000 Sales Discount 8,000 315,000 16,000 59,000 17,000 Cost of Sales с. 1,000 Advertising Expense Salaries Expense Utilities Expense Rent Expense а. 5,000 10,000 Totals 2,264,100 2,264,100 Depreciation Expense Accrued Salaries Payable b. 8,000 a. 5,000 18,000 Totals 18,000 Net Income Totals
Unadjusted Trial Balance Debit Adjustment Debit Particulars Credit Credit Cash 31,500 50,000 20,100 40,500 1,500,000 180,000 Cash in Bank Accounts Receivable с. 1,000 Inventory Land Equipment Accumulated Dep – Eqpt. Accounts Payable Income Tax Payable Unearned Income Loans Payable Long-term Debt Honey, Capital Honey, Drawings Sales b. 8,000 32,000 80,500 55,000 4,000 d. 4,000 150,000 255,000 1,227,600 5,000 460,000 d. 4,000 Sales Return & Allowances 12,000 Sales Discount 8,000 315,000 16,000 59,000 17,000 Cost of Sales с. 1,000 Advertising Expense Salaries Expense Utilities Expense Rent Expense а. 5,000 10,000 Totals 2,264,100 2,264,100 Depreciation Expense Accrued Salaries Payable b. 8,000 a. 5,000 18,000 Totals 18,000 Net Income Totals
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.23E: Unusual income statement items Assume that the amount of each of the following items is material to...
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At the end of the year, on December 31, 2019, the bookkeeper of Honey Company prepared an Unadjusted
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