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Use the journal to plug into the needed information.

Use the journal to plug into the needed information.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Use the journal to plug into the needed information. 

1-Feb Inventory Cash 4-Feb Supplies Accounts payable 4-Feb Utilities payable Cash 6-Feb Accounts payable cash 12-Feb Salaries payable Salaries expense Cash 8-Feb Cash Sales revenue 8-Feb Cost of goods sold Inventory 10-Feb Inventory Cash 14-Feb Cash 15-Feb Cash 1350 24-Feb Cash 4500 Accounts receivable Service revenue 5900 26-Feb Inventory Unearned service revenue 1230 Sales revenue 24-Feb Cost of goods sold Inventory 26-Feb Salaries expenses Cash 600 600 500 Accounts payable 300 300 330 1000 1200 550 550 1200 360 330 200 1350 450 450 500 6400 1230 436 436 1200 500 360 4500 27-Feb Cash Sales revenue 27-Feb Cost of goods sold Inventory 28-Feb Cash 580 28-Feb Cash Accounts receivable Service revenue 5560 960 Accounts receivable 28-Feb Salary expenses Dividend Cash Adjustments 28-Feb Depreciation expenses 3800 600 4400 28-Feb Salary expenses Salary payables 28-Feb Supplies expenses Supplies payable 28-Feb Utilities expenses Utilities payable 28-Feb Cost of goods sold Inventory 28-Feb Rent expenses Prepaid rent 28-Feb Insurance expenses Prepaid insurance 28-Feb Service revenue Service revenue 1950 580 336 336 Accumulated depreciation expenses 200 200 1132 630 660 6220 45 386 386 206 206 1950 250 630 960 1132 250 45
Transcribed Image Text:1-Feb Inventory Cash 4-Feb Supplies Accounts payable 4-Feb Utilities payable Cash 6-Feb Accounts payable cash 12-Feb Salaries payable Salaries expense Cash 8-Feb Cash Sales revenue 8-Feb Cost of goods sold Inventory 10-Feb Inventory Cash 14-Feb Cash 15-Feb Cash 1350 24-Feb Cash 4500 Accounts receivable Service revenue 5900 26-Feb Inventory Unearned service revenue 1230 Sales revenue 24-Feb Cost of goods sold Inventory 26-Feb Salaries expenses Cash 600 600 500 Accounts payable 300 300 330 1000 1200 550 550 1200 360 330 200 1350 450 450 500 6400 1230 436 436 1200 500 360 4500 27-Feb Cash Sales revenue 27-Feb Cost of goods sold Inventory 28-Feb Cash 580 28-Feb Cash Accounts receivable Service revenue 5560 960 Accounts receivable 28-Feb Salary expenses Dividend Cash Adjustments 28-Feb Depreciation expenses 3800 600 4400 28-Feb Salary expenses Salary payables 28-Feb Supplies expenses Supplies payable 28-Feb Utilities expenses Utilities payable 28-Feb Cost of goods sold Inventory 28-Feb Rent expenses Prepaid rent 28-Feb Insurance expenses Prepaid insurance 28-Feb Service revenue Service revenue 1950 580 336 336 Accumulated depreciation expenses 200 200 1132 630 660 6220 45 386 386 206 206 1950 250 630 960 1132 250 45
4 5 6 Cash 7 Accounts Receivable 8 Inventory 9 Supplies 10 Prepaid Rent 11 Prepaid Insurance 12 Barber Chair #1 13 Accum Depr - Barber Chair #1 14 Barber Chair #2 15 Accum Depr - Barber Chair #2 16 Accounts Payable 17 Salaries Payable 18 Unearned Fees 19 Utilities Payable 20 Capital Stock 21 Retained Earnings 22 Dividends 23 Fees Earned 24 Gain (or Loss) on Sale 25 Sales 26 Cost of Merchandise Sold 27 Salaries Expense 28 Rent Expense Account 29 Supplies Expense 30 Depreciation Expense 31 Insurance Expense 32 Utilities Expense 33 Advertising Expense 34 Legal Expense 35 Miscellaneous Expense 36 37 38 39 40 Dr Trial Balance Cr Dr Adjustments Cr Adjusted Trial Balance Dr Cr Income Statement Dr Cr Dr Balance Sheet Cr
Transcribed Image Text:4 5 6 Cash 7 Accounts Receivable 8 Inventory 9 Supplies 10 Prepaid Rent 11 Prepaid Insurance 12 Barber Chair #1 13 Accum Depr - Barber Chair #1 14 Barber Chair #2 15 Accum Depr - Barber Chair #2 16 Accounts Payable 17 Salaries Payable 18 Unearned Fees 19 Utilities Payable 20 Capital Stock 21 Retained Earnings 22 Dividends 23 Fees Earned 24 Gain (or Loss) on Sale 25 Sales 26 Cost of Merchandise Sold 27 Salaries Expense 28 Rent Expense Account 29 Supplies Expense 30 Depreciation Expense 31 Insurance Expense 32 Utilities Expense 33 Advertising Expense 34 Legal Expense 35 Miscellaneous Expense 36 37 38 39 40 Dr Trial Balance Cr Dr Adjustments Cr Adjusted Trial Balance Dr Cr Income Statement Dr Cr Dr Balance Sheet Cr
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