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Problem 3-5A: Instructions

This document provides an adjusted trial balance for Sears Editing Company as of January 31, 20Y1. It lists debit and credit balances for various asset, liability, equity, revenue, and expense accounts. The student received full credit and a key code to check their work on this practice problem.

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JEERAPA KHANPHET
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376 views

Problem 3-5A: Instructions

This document provides an adjusted trial balance for Sears Editing Company as of January 31, 20Y1. It lists debit and credit balances for various asset, liability, equity, revenue, and expense accounts. The student received full credit and a key code to check their work on this practice problem.

Uploaded by

JEERAPA KHANPHET
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Problem 3-5A

Name: Jeerapa Khanphet


Section:

Score: 100%

Key Code: [Key code here]


Instructions
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
An asterisk (*) will appear to the right of an incorrect entry.
In the trial balance, enter a zero in cells you would otherwise leave blank.

1. 20Y1 Account Debit Credit


Jan. 31 Insurance Expense 4,800
Prepaid Insurance 4,800

31 Supplies Expense 1,730


Supplies 1,730

31 Depreciation Expense - Building 6,600


Accumulated Depreciation - Building 6,600

31 Depreciation Expense - Equipment 3,500


Accumulated Depreciation - Equipment 3,500

31 Unearned Rent 4,000


Rent Revenue 4,000

31 Salaries and Wages Expense 1,800


Salaries and Wages Payable 1,800

31 Accounts Receivable 15,000


Fees Earned 15,000

2. Sears Editing Company


Adjusted Trial Balance
January 31, 20Y1
Debit Balances Credit Balances
Cash 7,500 -
Accounts Receivable 53,400 -
Prepaid Insurance 2,400 -
Supplies 250 -
Land 112,500 -
Building 150,250 -
Accumulated Depreciation - Building - 94,150
Equipment 135,300 -
Accumulated Depreciation - Equipment - 101,450
Accounts Payable - 12,150
Unearned Rent - 2,750
Salaries and Wages Payable - 1,800
Common Stock - 75,000
Retained Earnings - 146,000
Dividends 15,000 -
Fees Earned - 339,600
Rent Revenue - 4,000
Salaries and Wages Expense 195,170 -
Utilities Expense 42,375 -
Advertising Expense 22,800 -
Repairs Expense 17,250 -
Depreciation Expense - Building 6,600 -
Depreciation Expense - Equipment 3,500 -
Insurance Expense 4,800 -
Supplies Expense 1,730 -
Miscellaneous Expense 6,075 -
776,900 776,900

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