Transcript Problema de Practica #1 ACCO 111

Adjustment data:
(a)
(b)
(c)
(d)
Prepaid rent expired during August, $2.
Depreciation expense on office equipment for the month of August, $8.
Supplies on hand on August 31 amounted to $6.
Salaries expense incurred at August 31 but not yet paid amounted to $12.
WATTS RENTAL COMPANY
Work Sheet
For the Month Ended August 31, 2005
Trial Balance
Account Titles
Cash
Accounts Receivable
Prepaid Rent
Supplies
Office Equipment
Accum. Depreciation—
Equipment
Accounts Payable
Watts, Capital
Watts, Drawing
Rent Revenue
Depreciation Expense
Rent Expense
Salaries Expense
Totals
Supplies Expense
Salaries Payable
Totals
Net Income
Totals
Debit
Credit
20
12
8
10
50
10
20
30
2
72
6
4
20
132
132
Adjustments
Debit
Credit
Adjusted
Trial Balance
Debit
Credit
Income
Statement
Debit
Credit
Balance Sheet
Debit
Credit
WATTS RENTAL COMPANY
Work Sheet
For the Month Ended August 31, 2005
Trial Balance
Account Titles
Cash
Accounts Receivable
Prepaid Rent
Supplies
Office Equipment
Accum. Depreciation—
Equipment
Accounts Payable
Watts, Capital
Watts, Drawing
Rent Revenue
Depreciation Expense
Rent Expense
Salaries Expense
Totals
Supplies Expense
Salaries Payable
Totals
Net Income
Totals
Debit
Credit
Adjustments
Debit
20
12
8
10
50
Credit
(a) 2
(c) 4
10
20
30
Adjusted
Trial Balance
Debit
Credit
Debit
Credit
20
12
6
6
50
18
20
30
18
20
30
2
72
6
4
20
132
Debit
Balance Sheet
20
12
6
6
50
(b) 8
2
Credit
Income
Statement
2
72
72
(b) 8
(a) 2
(d) 12
14
6
32
14
6
32
(c) 4
4
4
132
(d) 12
26
26
12
152
152
12
56
16
72
72
96
72
96
80
16
96