P3-1(a) P(3)1(A)

Masasi Company
Adjusting journal entries
NO. Date Account titles And Explanation REF. DEBIT
1 30-Jun supplies expance (2000-600) 1400
suppliese
(To record supplies)
2 30-Jun Utilities expance 150
Utilities payable
(To record accrued utility expence)
3 30-Jun Insurance expence 250
Prepaid insurance
(TO record prepaid insurance
expired)
4 30-Jun Unearned service revenue 2500
Service revenue
(To record unearned service
revenue has been earned)
5 30-Jun Salaries expence 2000
Salaries payable
(To record accrued salaries
expence)
6 30-Jun Depriciation expence 250
Accumulated depriciation
(To record depriciation expence)
7 30-Jun Accounts receivable 1000
Service revenue
(To record service revenue on
account)
P(3)2(A) Neosho River Resort
Adjusting Journal Entries
DATE Titles And Explanation Ref Debit
1 Insurance expence 1200
Prepaid insurance
(Torecord prepaid insurance
expired)
2 Supplies expence(3300-600) 2700
supplies
(To record supplies usue)
3 Dep.expence Cottage 1500
Dep.expence Furniture 600
Accoumulateted Dep. Cottage
accoumulateted Dep. Furniture
(To record DEP. On cottage and
furniture)
4 Unearned rent 4100
Rent revenue
(To record unearned revenue has
been earned)
5 Salaries expence 400
salaries payable
(To record accrued salaries
expence)
6 Accounts recevable 1000
Rent revenue
(To record rent revenue on
account)
7 Interest expence 600
Interest payable
(To record interest on
mortgage payable)
P(3)1(A) MASASI COMPANY
adjusted Trail Balance
JUN,30,2010
Accounts Ref Debit
cash 7150
AccountsReceivable 7000
Prepaid insurance 2750
Supplies 600
Office equipment 15000
AccumulatedDEP.-Off.Equ.
Accounts payable
Utilities payable
Salaries payable
Unearned service revenue
Capital
Service revenue
Salaries expence 6000
Rent expence 1000
Dep.expence-Off.Equ. 250
Insurancce expence 250
Utilities expece 150
Supplies expence 1400
TOTALS 41550
P(3)2(A) Neosho River Resort
Adjusted Trial Balance
August 31,2010
Accounts Ref Debit
Cash 19600
Accounts receivable 1000
supplies 600
Prepaid insurance 4800
Land 25000
Cottage 125000
Accumulated Dep. Cottage
Furniture 26000
Accumulated Dep. Furniture
Accounts Payable
Unearned Rent
Salaries Payable
Interest Payable
Mortgage Payable
Capital
Drawing 5000
Rent revenue
Dep. Expene Cottage 1500
Dep. Expene Furniture 600
Repair Expence 3600
NO. Supplies expence 2700
100 Interest expence 600
110 Insurance expence 1200
120 Salaries expence 51400
130 Utilities expence 9400
135 Totals 278000
136
200
210 P(3)3(A) Fernitti Advertising agency
220 Adjusting Journal Entries
230
300 TITLES & EXPLANATION REF DEBIT
400 ACCounts receivable 2500
510 Advertising revenue
520 (To record advertising revenue
530 on account)
540 Art supplies expence 3600
550 Art supplies
560 (To record art supplies usued)
Insurance expence 850
Prepaid insurance
(To record prepaid insurance
expired)
Dep.Expence 6000
Accumulated Dep.Printing Equ.
(To record depriciation expence)
Unearned advertising fees 1600
Advertising revenue
(To record unearned revenue
earned)
Interest expence 150
Interest payable
(To record accrued interest
expence)
Salaries expence 1300
Salaries payable
(To recordnaccrued salaries
expence)
P(3)4(A) Remington Company
Adjusting Journal Entries
Date Titles & Explanation Ref Debit
31-Dec Salaries expence 2320
Salaries payable
(To record accrued salaries expence)
31-Dec Unearned rent revenue 74000
Rent revenue
(To record unearned rent has deen earned)
31-Dec Advertising expence 48000
Prepaid advertisemevt
(To record prepaid advertisement expired)
31-Dec Interest expence 6300
Interest payable
(To record interest)
Givens Grapic Company
Adjusting Journals
Date Titles & Explanation Ref Debit
30-Jun Supplies 1300
DATE Supplies expence
31-Aug (To record supplies on hand)
30-Jun Interest expence 750
Interest payable
(To record interest on note payable)
DATE 30-Jun Prepaid insurance 1200
31-Aug Insurance payable
(To record unexpired insurance)
30-Jun Consulting revenue 1500
DATE Unearned consulting revenue
31-Aug (To record unearned insurabce)
30-Jun Accounts receivable 2000
Grapic revenue
(To record grapic revenue on account)
DATE 30-Jun Depriciation expence 1000
31-Aug Accumulated depriciation
31-Aug (To record depriciation expence)
Givens Grapics Company
DATE Adjusted Trial Balance
31-Aug 30-Jun-10
Accounts Ref Debit
DATE Cash 9500
31-Aug Accounts receivable 16000
Equipment 45000
Insurance expence 600
DATE Salaries expence 30000
31-Aug supplies expence 2400
Advertising expence 1900
Rent expence 1500
DATE Utilities expence 1700
31-Aug Note payable
Accounts payable
Capital
DATE Grapics revenue
31-Aug Consulting revenue
Supplies 1300
Interest expence 750
DATE Interest payable
31-Aug Prepaid insurance 1200
Unearned consulting revenue
Depriciation expence 1000
DATE Accumulzted depriciation 10000
31-Aug Total 112850
DATE
31-Aug
DATE
31-Aug
DATE
31-Aug
DATE
31-Aug
DATE
31-Aug
DATE
31-Aug
31-Aug
31-Aug
DATE
31-Aug
DATE
31-Aug
DATE
31-Aug
DATE
31-Aug
DATE
31-Aug
DATE
31-Aug
DATE
31-Aug
DATE
31-Aug
No
101
112
126
130
140
143
144
149
150
201
208
212
230
275
301
306
429
620
621
622
631
718
722
726
732
DATE
31-Dec
31-Dec
31-Dec
31-Dec
31-Dec
31-Dec
31-Dec
Req
1
2
3
4
Req
1
2
3
4
5
6
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
CREDIT
1400
150
250
2500
2000
250
1000
Credit
1200
2700
1500
600
4100
400
1000
600
Credit
250
4500
150
2000
1500
21750
11400
41550
Credit
1500
600
6500
3300
400
600
80000
1000000
85100
278000
CREDIT
2500
3600
850
6000
1600
150
1300
Credit
2320
74000
48000
6300
Credit
1300
750
1200
1500
2000
1000
Credit
20000
9000
22000
4100
4500
750
1500
112850
P(3)1(a) MASASI COMPANY
General ledger
CASH No100
DATE EXPLANATION REF. DEBIT CREDIT BALANCE
30-Jun Balance 7150 7150
Accounts receivable No100
DATE Explanation Ref. DEBIT CREDIT BALANCE
30-Jun Balance 6000 6000
30-Jun J3 1000 7000
Prepaid Insurance NO120
DATE EXPLANATION REF DEBIT CREDIT BALANCE
30-Jun Balance 3000 3000
30-Jun 250 2750
Supplies NO130
DATE EXPLANATION REF DEBT CREDIT BALANCE
30-Jun Balance 2000 2000
30-Jun 1400 600
Office equipment No135
DATE EXPLANATION REF DEBIT CREDIT BALANCE
30-Jun Balance 15000 15000
Accumulated DEP.Office equipment NO136
DATE EXPLANATION REF DEBIT CREDIT BALANCE
30-Jun J3 250 250
Accounts Payable NO200
DATE EXPLANATION REF DEBIT CREDIT BALANCE
30-Jun Balance 4500 4500
Utilities expance NO210
DATE EXAPLANATION REF DEBIT CREDIT BALANCE
30-Jun J3 150 150
Salaries payable NO220
DATE EXPLANATION REF DEBIT CREDIT BALANCE
30-Jun J3 2000
2000
Unearned service revenue NO230
DATE EXPLANATION REF DEBIT CREDIT BALANCE
30-Jun Balance 4000 4000
30-Jun J3 2500 1500
Capital NO300
DATE EXPLANATION REF DEBIT CREDIT BALANCE
30-Jun BALANCE 21750 21750
Service revenue NO400
DATE EXPLANATION REF DEBIT CREDIT BALANCE
30-Jun Balance 7900 7900
30-Jun J3 2500 10400
30-Jun J3 1000 11400
Salaries expence NO510
DATE EXPLANATION REF DEBIT CREDIT BALANCE
30-Jun Balance 4000 4000
30-Jun J3 2000 6000
NO520
DATE EXPLANATION REF DEBIT CREDIT BALANCE
30-Jun Balance 1000 1000
DEP.Expence office equipment NO530
DATE EXPLANATION REF DEBIT CREDIT BALANCE
30-Jun J3 250 250
Insurance expence No540
DATE EXPLANATION REF DEBIT CREDIT BALANCE
30-Jun J3 250 250
Utilities expence NO550
DATE EXPLANATION REF DEBIT CREDIT BALANCE
30-Jun J3 250 250
Supplies expence No560
DATE EXPLANATION REF DEBIT CREDIT BALANCE
30-Jun J3 1400 1400
P(3)2(A) Neosho River Resort
General Ledger
Cash No101
DATE EXPLANATION REF DEBIt CREDIT BALANCE
31-Aug Balance 19600 19600
Accounts receivable No112
Rent expence
DATE EXPLANATION REF DEBIT CREDIT BALANCE
31-Aug J1 1000 1000
Supplies No126
DATE EXPLANTION REF DEBIT CERDIT BALANCE
31-Aug Balance 3300 3300
J1 2700 600
Prepaid insurace No130
DATE EXPLANATION REF DEBIT CREDIT BALANCE
31-Aug Balance 6000 6000
31-Aug J1 1200 4800
Land No140
DATE EXPLANATION REF DEBIT CREDIT BALANCE
31-Aug Balance 25000 25000
Cottage No143
DATE EXPLANATION REF DEBIT CREDIT BALANCE
31-Aug Balance 125000 125000
Accumulated Dep.Cottage No144
DATE EXPLANATION REF DEBIT CREDIT BALANCE
31-Aug J1 1500 1500
Furniture No149
DATE EXPLANATION REF DEBIT CREDIT BALANCE
31-Aug Balance 26000 26000
Accumulated DEP.Furniture No150
DATE EXPLANATION REF DEBIT CREDIT BALANCE
31-Aug J1 600 600
Accounts Payable No201
DATE EXPLANATION REF DEBIT CREDIT BALANCE
31-Aug Balance 6500 6500
Unearned Rent No208
DATE EXPLANATION REF DEBIT CREDIT BALANCE
31-Aug Balance 7400 7400
J1 4100 3300
Salaries Payable No212
DATE EXPLANATION REF DEBIT CREDIT BALANCE
31-Aug J1 400 400
Interest Payable No230
DATE EXPLANATION REF DEBIT CREDIT BALANCE
31-Aug J1 600 600
Mortgage Payable No275
DATE EXPLANATION DEBIT CREDIT BALANCE
31-Aug Balance 80000 80000
Capital No301
DATE EXPLANATION REF DEBIT CREDIT BALANCE
31-Aug Balance 100000 100000
Drawing No306
DATE EXPLANATION REF DEBIT CREDIT BALANCE
31-Aug Balance 5000 5000
Rent Revenue No429
DATE EXPLANATION REF DEBIT CREDIT BALANCE
31-Aug Balance 80000 80000
31-Aug J1 4100 84100
31-Aug J1 1000 85100
Dep.Expence Cottage No620
DATE EXPLANATION REF DEBIT CREDIT BALANCE
31-Aug J1 1500 1500
Dep.Expence Furniture No621
DATE EXPLANATION REF DEBIT CREDIT BALANCE
31-Aug J1 600 600
Repair Expence No622
DATE EXPLANATION REF DEBIT CREDIT BALANCE
31-Aug Balance 3600 3600
Supplies Expence No631
DATE EXPLANATION REF DEBIT CREDIT BALANCE
31-Aug J1 2700 2700
Interest Expence No718
DATE EXPLANATION REF DEBIT CREDIT BALANCE
31-Aug J1 600 600
Insurance Expence No722
DATE EXPLANATION REF DEBIT CREDIT BALANCE
31-Aug J1 1200 1200
Salaries Expence No726
DATE EXPLANATION REF DEBIT CREDIT BALANCE
31-Aug Balance 51000 51000
J1 400 51400
Utilities Expence No732
DATE EXPLANATION REF DEBIT CREDIT BALANCE
31-Aug Balance 9400 9400
P(3)-2(A) Neosho River Resort
Income Statement
For the mounth ended on 31, August 2010
Revenues: Amount Amount
Rent revenue 85100
Total 85100
Expences:
Dep.expence cottage 5100
Dep.expence Furniture 600
Repair expence 3600
Supplies expence 2700
Interest expence 600
Insurance expence 1200
Salaries expence 51400
Utilities expence 9400
Total 71000
Net income 14100
Neosho River Resort
Owners equity statenent
For the mounth ended on 31, August 2010
Particulars Amount Amount
Capital 100000
Net income 14100
114100
Less: Drawing 5000
Cpital,August 31 109100
Neosho River Risort
Balance Sheet
31, August,2010
Assets Amount Amount
Cash 19600
Accounts receivable 1000
Supplies 600
Prepaied insurance 4800
Land 25000
Cottage 125000
Less:Accu.Dep. 1500 123500
Furniture 26000
Less:Accu.Dep. 600 25400
Total Assets 199900
Laibilities And Owners equity
Laibilities
Accounts payable 6500
Unearned rent 3300
Salaries payable 400
Interest payable 600
Mortgage payable 80000
Total Laibilities 90800
Owners equity
Capital 109100
Total Laibiliti & Owners equity 199900
P(3)-3(A) Fernetti Advertising Agency
Income Statement
For the year ended December 31,2010
Revenue Amount Amount
Advertising revenue 62700
Total 62700
Expence
Salaries expence 11300
Insurane expence 850
Interest expence 500
Dep. Expence 6000
Art supplies expence 3600
Rent expence 4000
Total 26250
Net income 36450
Fernetti Advertising Agency
Owners equity statement
For the year ended December 31, 2010
Particulars Amount Amount
Capital 25500
Add. Net income 36450
61950
Drawing 12000
Capital,December 31 49950
Fernetti Adversing Agency
Balance Sheet
31-Dec-10
Particulars Amount Amount
Assests:
Cash 11000
Accounts receivable 22500
Art supplies 5000
Prepaid insurance 2500
Printing equipment 600000
Less: accumulated depriciation 34000 26000
Total 67000
Laibilities & Owners equity:
Laibilities :
Accounts payable 5000
Interest payable 150
Nots payable 5000
Unearned advertising fee 5600
Salaries payable 1300
Total 17050
Owners equity
Capital 49950
Total Laibilities &Owners equity 67000
Givens Grapic Company
Income Statement
For the half year June 30,2010
Particulars Amount Amount
Revenue
Graphic revenue 54100
Consulting ravenue 4500
Total 58600
Expence
Insurance expence 5600
Salaries expence 30000
Supplies expence 2400
Advertising expence 1900
Rent expence 1500
Utilities expence 1700
Interest expence 750
Depriciation expence 1000
Total 39850
Net income 18750
Givens Graphic Company
Owners equity Statement
For the half year June 30, 2010
Particulars Amount Amount
Capital, January 1 22000
Add: Net income 18750
Total 40750
Less: Drawing 0
Capital, June 30 40750
Givens Graphic Company
Balance sheet
June 30,2010
Particulars Amount Amount
Assets
Cash 9500
Accounts receivable 16000
Equipment 45000
Less:Accu. Dep 1000 44000
Supplies 1300
Prepaid insurance 1200
Total 72000
Laibilities & Owners equity
Laibilities
Notes payable 20000
Accounts payable 9000
Interest payable 750
Capital revenue 1500
Total 31250
Owners equity
Capital 40750
Total Laibilities & Owners equity 72000