Unit 6 Check Figures

Problem 4-6A

1. Unadjusted Trial Balance= $66,800

2. Adjusted Trial Balance = $67,270

3. Income Statement: Net Income= $16,455

4. Statement of Owner’s Equity: Emily Page, capital, June 30, 2010= $49,455

5. Balance Sheet: Total Assets= $54,300 Total Liabilities & Owner’s Equity=$54,300

6. Post Closing Trial Balance= $54,550

Pr. 4-6A

Problem 4-6A Name:
Section:
Enter the appropriate amount or item in the shaded cells.
An asterisk (*) will appear next to an incorrect entry in the outlined cells.
1. and 2.
JOURNAL Page 1
Post.
Date Ref. Debit Credit
2010
June 1 0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
1 0 0 0 0
0 0 0 0
0 0 0 0
2 0 0 0 0
0 0 0 0
0 0 0 0 Miscellaneous Expense
4 0 0 0 0 Cash
0 0 0 0 Accounts Receivable
0 0 0 0 Accounts Payable
5 0 0 0 0 Supplies
0 0 0 0 Emily Page, Capital
0 0 0 0 Prepaid Rent
6 0 0 0 0 Prepaid Insurance
0 0 0 0 Office Equipment
0 0 0 0 Accounts Payable
10 0 0 0 0 Salary Expense
0 0 0 0 Fees Earned
0 0 0 0 Emily Page, Drawing
12 0 0 0 0 Unearned Fees
0 0 0 0
0 0 0 0
12 0 0 0 0
0 0 0 0
0 0 0 0
14 0 0 0 0
0 0 0 0
0 0 0 0
JOURNAL Page 2
Post.
Date Ref. Debit Credit
2010
June 17 0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
18 0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
20 0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
24 0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
26 0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
27 0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
29 0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
30 0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
30 0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
30 0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
30 0 0 0 0 0
0 0 0 0 0
0 0 0 0
2., 6., and 9.
Cash 11
Post. Balance
Date Item Ref. Dr. Cr. Dr. Cr.
2010
June 1 0 0 0 0 0
1 0 0 0 0 0
2 0 0 0 0 0
4 0 0 0 0 0
6 0 0 0 0 0
10 0 0 0 0 0
12 0 0 0 0 0
14 0 0 0 0 0
17 0 0 0 0 0
18 0 0 0 0 0
24 0 0 0 0 0
26 0 0 0 0 0
27 0 0 0 0 0
29 0 0 0 0 0
30 0 0 0 0 0
30 0 0 0 0 0
30 0 0 0 0 0
Accounts Receivable 12
Post. Balance
Date Item Ref. Dr. Cr. Dr. Cr.
2010
June 1 0 0 0 0
6 0 0 0 0
12 0 0 0 0
20 0 0 0 0
26 0 0 0 0
30 0 0 0 0
Supplies 14
Post. Balance
Date Item Ref. Dr. Cr. Dr. Cr.
2010
June 1 0 0 0 0 0
18 0 0 0 0 0
30 Adjusting 0 0 0 0 0
Prepaid Rent 15
Post. Balance
Date Item Ref. Dr. Cr. Dr. Cr.
2010
June 1 0 0 0 0 0
30 Adjusting 0 0 0 0 0
Prepaid Insurance 16
Post. Balance
Date Item Ref. Dr. Cr. Dr. Cr.
2010
June 2 0 0 0 0 0
30 Adjusting 0 0 0 0 0
Office Equipment 18
Post. Balance
Date Item Ref. Dr. Cr. Dr. Cr.
2010
June 1 0 0 0 0 0
5 0 0 0 0 0
Accumulated Depreciation - Equipment 19
Post. Balance
Date Item Ref. Dr. Cr. Dr. Cr.
2010
June 30 Adjusting 0 0 0 0 0
Accounts Payable 21
Post. Balance
Date Item Ref. Dr. Cr. Dr. Cr.
2010
June 5 0 0 0 0 0
12 0 0 0 0 0
Salaries Payable 22
Post. Balance
Date Item Ref. Dr. Cr. Dr. Cr.
2010
June 30 Adjusting 0 0 0 0 0
Unearned Fees 23
Post. Balance
Date Item Ref. Dr. Cr. Dr. Cr.
2010
June 4 0 0 0 0 0
30 Adjusting 0 0 0 0 0
Emily Page, Capital 31
Post. Balance
Date Item Ref. Dr. Cr. Dr. Cr.
2010
June 1 0 0 0 0 0
30 Closing 0 0 0 0 0
30 Closing 0 0 0 0 0
Emily Page, Drawing 32
Post. Balance
Date Item Ref. Dr. Cr. Dr. Cr.
2010
June 30 0 0 0 0 0
30 Closing 0 0 0 0 0
Income Summary 33
Post. Balance
Date Item Ref. Dr. Cr. Dr. Cr.
2010
June 30 Closing 0 0 0 0 0
30 Closing 0 0 0 0 0
30 Closing 0 0 0 0 0
Fees Earned 41
Post. Balance
Date Item Ref. Dr. Cr. Dr. Cr.
2010
June 12 0 0 0 0 0
17 0 0 0 0 0
20 0 0 0 0 0
24 0 0 0 0 0
30 0 0 0 0 0
30 0 0 0 0 0
30 Adjusting 0 0 0 0 0
30 Closing 0 0 0 0 0
Salary Expense 51
Post. Balance
Date Item Ref. Dr. Cr. Dr. Cr.
2010
June 14 0 0 0 0 0
27 0 0 0 0 0
30 Adjusting 0 0 0 0 0
30 Closing 0 0 0 0 0
Rent Expense 52
Post. Balance
Date Item Ref. Dr. Cr. Dr. Cr.
2010
June 30 Adjusting 0 0 0 0 0
30 Closing 0 0 0 0 0
Supplies Expense 53
Post. Balance
Date Item Ref. Dr. Cr. Dr. Cr.
2010
June 30 Adjusting 0 0 0 0 0
30 Closing 0 0 0 0 0
Depreciation Expense 54
Post. Balance
Date Item Ref. Dr. Cr. Dr. Cr.
2010
June 30 Adjusting 0 0 0 0 0
30 Closing 0 0 0 0 0
Insurance Expense 55
Post. Balance
Date Item Ref. Dr. Cr. Dr. Cr.
2010
June 30 Adjusting 0 0 0 0 0
30 Closing 0 0 0 0 0
Miscellaneous Expense 59
Post. Balance
Date Item Ref. Dr. Cr. Dr. Cr.
2010
June 10 0 0 0 0 0
29 0 0 0 0 0
30 0 0 0 0 0
30 Closing 0 0 0 0 0
3. BOTTOM LINE CONSULTING
Unadjusted Trial Balance
June 30, 2010
Debit Balances Credit Balances
Cash 0 0
Accounts Receivable 0 0
Supplies 0 0
Prepaid Rent 0 0
Prepaid Insurance 0 0
Office Equipment 0 0
Accumulated Depreciation 0 0
Accounts Payable 0 0
Salaries Payable 0 0
Unearned Fees 0 0
Emily Page, Capital 0 0
Emily Page, Drawing 0 0
Fees Earned 0 0
Salary Expense 0 0
Rent Expense 0 0
Supplies Expense 0 0
Depreciation Expense 0 0
Insurance Expense 0 0
Miscellaneous Expense 0 0
0 0
5.
BOTTOM LINE CONSULTING
End-of-Period Spreadsheet (Work Sheet)
For the Month Ended June 30, 2010
Adjusted Income Balance
Unadjusted Trial Balance Adjustments Trial Balance Statement Sheet
Account Title Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
Cash 28,900 0 0 0 0 0 0 0 0
Accounts Receivable 3,800 0 0 0 0 0 0 0 0
Supplies 2,750 0 0 0 0 0 0 0 0
Prepaid Rent 6,000 0 0 0 0 0 0 0 0
Prepaid Insurance 2,400 0 0 0 0 0 0 0 0
Office Equipment 15,000 0 0 0 0 0 0 0 0
Accum. Depreciation 0 0 0 0 0 0 0 0
Accounts Payable 2,750 0 0 0 0 0 0 0 0
Salaries Payable 0 0 0 0 0 0 0 0
Unearned Fees 2,700 0 0 0 0 0 0 0 0
Emily Page, Capital 38,000 0 0 0 0 0 0 0 0
Emily Page, Drawing 5,000 0 0 0 0 0 0 0 0
Fees Earned 23,350 0 0 0 0 0 0 0 0
Salary Expense 2,200 0 0 0 0 0 0 0 0
Rent Expense 0 0 0 0 0 0 0 0
Supplies Expense 0 0 0 0 0 0 0 0
Depreciation Expense 0 0 0 0 0 0 0 0
Insurance Expense 0 0 0 0 0 0 0 0
Miscellaneous Expense 750 0 0 0 0 0 0 0 0
66,800 66,800 0 0 0 0 0 0 0 0
0 0 0 0 0
0 0 0 0
6. JOURNAL Page 3
Post.
Date Ref. Debit Credit
2010 Adjusting Entries
June 30 0 0 0 0
0 0 0 0 Net Income
0 0 0 0 Net Loss
30 0 0 0 0
0 0 0 0
0 0 0 0 Accumulated Depreciation
30 0 0 0 0 Supplies
0 0 0 0 Insurance Expense
0 0 0 0 Prepaid Rent
30 0 0 0 0 Prepaid Insurance
0 0 0 0 Salaries Payable
0 0 0 0 Unearned Fees
30 0 0 0 0 Salary Expense
0 0 0 0 Fees Earned
0 0 0 0 Supplies Expense
30 0 0 0 0 Depreciation Expense
0 0 0 0 Rent Expense
7. BOTTOM LINE CONSULTING
Adjusted Trial Balance
June 30, 2010
Debit Balances Credit Balances
Cash 0 0
Accounts Receivable 0 0
Supplies 0 0
Prepaid Rent 0 0
Prepaid Insurance 0 0
Office Equipment 0 0
Accumulated Depreciation 0 0
Accounts Payable 0 0
Salaries Payable 0 0
Unearned Fees 0 0
Emily Page, Capital 0 0
Emily Page, Drawing 0 0
Fees Earned 0 0
Salary Expense 0 0
Rent Expense 0 0
Supplies Expense 0 0
Depreciation Expense 0 0
Insurance Expense 0 0
Miscellaneous Expense 0 0
0 0 reraerrt
8. BOTTOM LINE CONSULTING Supplies Expense
Income Statement Depreciation Expense
For the Month Ended June 30, 2010 Insurance Expense
Fees Earned
Revenues: Salary Expense
0 0 0 Rent Expense
Total revenues 0 Miscellaneous Expense
Expenses: 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
Total expenses 0
Net Income 0
BOTTOM LINE CONSULTING
Statement of Owner's Equity
For the Month Ended June 30, 2010
Emily Page, capital, June 1, 2010 0
0 0
Total 0 0
0 0 0
0 0 0 Less withdrawals
0 0 Net Income for the month
Emily Page, capital, June 30, 2010 0 Additional investments during the month
Increase in owner's equity
BOTTOM LINE CONSULTING
Balance Sheet
June 30, 2010
Assets Liabilities
Current assets: Current liabilities Cash
0 0 0 0 Accounts Receivable
0 0 0 0 Accounts Payable
0 0 0 0 Salaries Payable
0 0 Total liabilities 0 Prepaid Insurance
0 0 0 Office Equipment
Total current assets 0 Owner's Equity Accumulated Depreciation
Property, plant, and equipment: Emily Page, capital 0 0 Emily Page, Capital
0 0 Supplies
0 0 Unearned Fees
Total property, plant, and equipment 0 Prepaid Rent
Total assets 0 Total liabilities and owner's equity 0
9. JOURNAL Page 4
Post.
Date Ref. Debit Credit
2010 Closing Entries
June 30 0 0 0 0
0 0 0 0
0 0 0 0
30 0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0 Supplies Expense
0 0 0 0 Depreciation Expense
0 0 0 0 Insurance Expense
0 0 0 0 Miscellaneous Expense
30 0 0 0 0 Income Summary
0 0 0 0 Rent Expense
0 0 0 0 Emily Page, Capital
30 0 0 0 0 Emily Page, Drawing
0 0 0 0 Fees Earned
Salary Expense
10. BOTTOM LINE CONSULTING
Post-Closing Trial Balance
June 30, 2010
Debit Balances Credit Balances
Cash 0 0
Accounts Receivable 0 0
Supplies 0 0
Prepaid Rent 0 0
Prepaid Insurance 0 0
Office Equipment 0 0
Accumulated Depreciation 0 0
Accounts Payable 0 0
Salaries Payable 0 0
Unearned Fees 0 0
Emily Page, Capital 0 0
0 0
List the credited accounts numerically, largest balance to smallest, with one exception: place Misc. Exp. on the last line.
Close the revenue account in this entry. Select accounts from the drop-down list.
Hint: Total debits must equal total liabilities and owner's equity.
Hint: Total debits must equal total liabilities and owner's equity.
See the statement of owner's equity for this amount.
List current liabilities in the same order that they are listed on the adjusted trial balance.
List current assets in the same order that they are listed on the adjusted trial balance.
Enter the item that increases owner's equity on this line.
Enter all expenses as positive amounts.
List expenses according to balance, largest to smallest, with one exception: list Miscellaneous Exp. last.
Enter the adjustments in the order in which the data is given in the text. Select accounts from the drop-down list.
The credit total of the balance sheet columns should now be equal to the debit total.
The debit total of the balance sheet columns should now be equal to the credit total.
The credit total of the income statement columns should now be equal to the debit total.
The debit total of the income statement columns should now be equal to the credit total.
Select accounts from the drop-down list. Record transactions in the order they are given in the problem. Enter the debited accounts in this entry in the order they would be presented on the balance sheet.
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