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Name Section Date (a)

Chapter 4 Continuing Cookie Chro

Cookie Creations

Date 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 Dec. 1 5 Cash Unearned Service Revenue Service Revenue 8 Cash Account Receivable 9 Cash Unearned Service Revenue 15 Accounts Payable Cash 16 Accounts Payable Cash 19 Cash Unearned Service Revenue 23 Cash Accounts Receivable Service Revenue 23 Baking Supplies Cash 23 Wage Expenses Cash 28 Dividends Cash

Account Titles

Debit

90 60

300

750

50

600

60

3,000 1,000

1,250

800

500

Chapter 4 Continuing Cookie Chronicle Cookie Creations Inc.

Credit 1 2 3 4 150 5 6 7 300 8 9 10 750 11 12 13 50 14 15 16 600 17 18 19 60 20 21 22 23 4,000 24 25 26 1,250 27 28 29 800 30 31 32 500 33 34 35 36 37 38 39 40

Name Section Date (b), (d), and (g) Cash Beg Bal 5-Dec 8-Dec 9-Dec 19-Dec 23-Dec End Bal

Chapter 4 Continuing Cookie Chronicle Continued Cookie Creations Inc.

Website 15-Dec 16-Dec 23-Dec 23-Dec 28-Dec

340 90 300 750 60 3,000 4,540 1,340

50 600 1,250 800 500 3,200

Beg Bal End Bal

600 575

31-Dec

25

15-Dec 16-Dec

Accounts Payable 50 Beg Bal 600 31-Dec

650
End Bal

650 75 725 75

Beg Bal 23-Dec 31-Dec End Bal

Accounts Receivable 300 8-Dec

300
31-Dec

1,000 450 1,750 1,450


Advertising Supplies

Interest Payable 23 Closing

23

300
Salaries Payable 800 Closing

Beg Bal End Bal

95 50

45

28-Dec 31-Dec

856 856

56 856
Unearned Revenue 31-Dec Bal

Baking Supplies Beg Bal

880

1,200

11/30 Bal

Prepaid Insurance 1,200

Notes Payable Beg Bal

2,000

11/30 Bal

Baking Equipment 1,200

Common Stock 31-Dec Bal

500

Accumulated Depreciation, Baking Equipment 31-Dec Bal 20

Retained Earnings 31-Dec Bal

3,211

Name Section Date (b), (d), and (g) (Continued) 28-Dec Dividends 500 Closing

Chapter 4 Continuing Cookie Chronicle Continued Cookie Creations Inc.

500

31-Dec

Depreciation Expense 40 Closing

40

Closing Closing

Income Summary 2,239 Closing

5,450 5,450

31-Dec

Amortization Expense 25 Closing

25

3,211 5,450

Interest Expense Teaching Revenue 31-Dec 4550 31-Dec

23

31-Dec

Insurance Expense 100 Closing

100

Telephone Expense Beg Bal 50 Closing

125 125

Baking Supplies Expense 1,025 Closing 1,025

75 125

Salaries Expense 31-Dec

56

Advertising Supplies Expense 31-Dec 45 Closing

45

Name Section Date (c)

Chapter 4 Continuing Cookie Chronicle Continued Cookie Creations Inc.

COOKIE CREATIONS INC. Trial Balance December 31, 2009 Account 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Cash Accounts Receivable Advertising Supplies Baking Supplies Prepaid Insurance Baking Equipment Website Unearned Revenue Notes Payable Common Stock Dividends Teaching Revenue Telephone Expense Salaries Expense

Debit 1,340 1000 95 1,375 1,200 1,200 600

Credit 1 2 3 4 5 6 7 810 8 2,000 9 800 10 11 4,550 12 13 14 8,160 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39

500 50 800 8,160

15 Totals 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39

Name Section Date

Chapter 4 Continuing Cookie Chronicle Continued Cookie Creations Inc. COOKIE CREATIONS INC. Adjusted Jounral Entry December 31, 2009

(d) Date

Account Titles

Debit 45

Credit 1 45 2 3 4 40 5 6 7 8 25 9 10 11 23 12 13 14 100 15 16 17 450 18 19 20 1,025 21 22 23 75 24 25 26 56 27 28 29 30 31 32 33 34 35 36 37 38 39 40

1 Dec. 31 Advertising Supplies Expense 2 (1) Advertising Supplies 3 4 31 Depreciation Expense 5 (2) Accumulated Depreciation 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40

40

31 Amortization Expense (3) Website 31 Interest Expense (4) Interest Payable 31 Insurance Expense (5) Prepaid Insurance 31 Accounts Receivable (6) Service Revenue 31 Baking Supplies Expense (7) Baking Supplies 31 Telephone Expense (8) Accounts Payable 31 Wages Expense (9) Wages Payable 31 Unearned Service Revenue (10) Service Revenue -

25

23

100

450

1,025

75

56

Name Section Date (e)

Chapter 4 Continuing Cookie Chronicle Continued Cookie Creations Inc.

COOKIE CREATIONS INC. Adjusted Trial Balance December 31, 2009 Account 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 Cash Accounts Receivable Advertising Supplies Baking Supplies Prepaid Insurance Baking Equipment Accumulated Depreciation - Baking Equipment Website Accounts Payable Interest Payable Salaries Payable Unearned Revenue Notes Payable Common Stock Dividends Teaching Revenue Telephone Expense Salaries Expense Advertising Supplies Expense Depreciation Expense Amortization Expense Interest Expense Insurance Expense Baking Supplies Expense Totals

Debit 1,340 1,450 50 350 1,100 1,200 575

Credit 1 2 3 4 5 6 40 7 8 75 9 23 10 56 360 2,000 800 500 125 856 45 40 11 12 13 14 15

5,450 16 17 18 19 20 21 22 23 24 8,804 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39

25 23 100 1025 8,804

Name Section Date (f)

Chapter 4 Continuing Cookie Chronicle Continued Cookie Creations Inc.

COOKIE CREATIONS INC. Income Statement For the Two Months Ended December 31, 2009 1 REVENUES: 2 Service Revenue 3 EXPENSES: 4 Wages Expense 5 Telephone Expense 6 7 8 9 10 Advertising Supplies Expense Depreciation Expense Amortization Expense Interest Expense Insurance Expense 1 5,450 2 3 4 5 6 7 8 9 10 (2,239) 11 3,211 12 13 14 15 16 17 18 19 20

856 125 45 40 25 23 100 1,025

11 Baking Supplies Expense 12 Net Income 13 14 15 16 17 18 19 20

COOKIE CREATIONS INC. Retained Earnings Statement For the Two Months Ended December 31, 2009 1 2 3 4 5 6 7 8 9 10 Retained Earnings, beginning Add: Net Income Total Less; Dividends Retained Earnings, ending 3,211 3,211 (500) 2,711 1 2 3 4 5 6 7 8 9 10

Name Section Date (f) (Continued)

Chapter 4 Continuing Cookie Chronicle Continued Cookie Creations Inc.

COOKIE CREATIONS INC. Balance Sheet December 31, 2009 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 Assets Current Assets Cash Accounts Receivable Baking Supplies Advertising Supplies Prepaid Insurance Total Current Assets Plant Assets Baking Equipment Accumulated Depreciation Website Total Assets 1,340 1,450 350 50 1,100 4,290 1,200 (40) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40

1,160 575 6,025

Liabilities and Stockholders' Equity Accounts Payable Wages Payable Interest Payable Unearned Service Revenue Total Current Liabilities Notes Payable 75 56 23 360 514 2,000 2,514 800 2,711 3,511 6,025

Common Stock Retained Earnings Total Stockholders Equity Total Liabilities and Stockholders Equity

Name Section Date (g)

Chapter 4 Continuing Cookie Chronicle Continued Cookie Creations Inc.

Date 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40

Account Titles

Debit 5,450

Credit 1 5,450 2 3 4 856 5 125 45 40 25 23 6 7 8 9 10

Dec 31 Service Revenue Income Summary 31 Income Summary Wages Expense Telephone Expense Advertising Supplies Expense Depreciation Expense Amortization Expense Interest Expense Insurance Expense Baking Supplies Expense 31 Income Summary Retained Earnings 31 Retained Earnings Dividend

2,239

3,211

100 11 1,025 12 13 14 3,211 15 16 17 500 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40

500

Name Section Date (h)

Chapter 4 Continuing Cookie Chronicle Concluded Cookie Creations Inc.

COOKIE CREATIONS INC. Trial Balance December 31, 2009 Debit 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Cash Accounts Receivable Advertising Supplies Baking Supplies Prepaid Insurance Baking Equipment Accumulated Depreciation, Baking Equipment Website Accounts Payable Interest Payable Salaries Payable Unearned Revenue Notes Payable Common Stock Retained Earnings 6,065 1,340 1,450 50 350 1,100 1,200 575 Credit 1 2 3 4 5 6 40 7 8 75 9 23 10 56 360 2,000 800 2,711 11 12 13 14 15

16 Totals 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39

6,065 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39

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