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ACC 290 Week 4 Individual Assignment Week Four Problem

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Week Four Problem
ACC/290
University of Phoenix

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Date Accounts Debit Credit
July
1
Cash 12,000
12,000
1
Equipment 8,000
6,000
2,000
3
Supplies   900
  900
5
Prepaid Insur. 1,800
1,800
12
Accounts Rec. 3,700
3,700
18
Accounts Pay. 1,500
1,500
20
Salary Exp. 2,000
2,000
21
Cash 1,600
1,600
25
Accounts Rec. 2,500
2,500
31
Maintenance/Repair Exp.   290
  290
31
Dividends   600
  600

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Week Four Problem ACC/290 University of Phoenix Date Accounts Debit Credit July 1 Cash 12,000 12,000 1 Equipment 8,000 6,000 2,000 3 Supplies 900 900 5 Prepaid Insur. 1,800 1,800 12 Accounts Rec. 3,700 3,700 18 Accounts Pay. 1,500 1,500 20 Salary Exp. 2,000 2,000 21 Cash 1,600 1,600 25 Accounts Rec. 2,500 2,500 31 Maintenance/Repair Exp. 290 290 31 Dividends 600 600 Cash 7/1 12,000? 7/21 1,600? ?7/1 2,000 ?7/5 1,800 ?7/18 1,500 ?7/20 2,000 ?7/31 290 ?7/31 600 7/31 ? 5,410? Accounts Rec. 7/12 3,700? 7/25 2,500? 7/31 1,700? ?7/21 1,600 7/31 ? 6,300? Supplies 7/3 900? ?7/31 580 7/31 ? 320? Prepaid Insur. 7/5 1,800? ?7/31 150 7/31 ? 1,650? Equipment 7/1 8,000? 7/31 ? 8,000? Accumulated Depreciation ?7/31 180 ?7/31 ? 180 Accounts Pay. 7/18 1,500? ?7/1 6,000 ?7/3 900 ?7/31 ? 5,400 Salary Pay. ?7/31 400 ?7/31 ? 400 Common Stock ?7/1 12,000 ?7/31 ? 12,000 Retained Earnings 7/31 600? ?7/31 3,800 ?7/31 ? 3,200 Dividends 7/31 600? ?7/31 600 Income Summary 7/31 3,600? 7/31 4,300? ?7/31 7,900 ?7/31 ? 0 Service Rev. 7/31 7,900? ?7/12 3,700 ?7/25 2,500 ?7/31 1,700 ?7/31 ? 0 Maintenance/Repair Exp. 7/31 290? ?7/31 290 7/31 ? 0? Supplies Exp. 7/31 580? ?7/31 580 7/31 ? 0? Deprecia ...
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