acc225 problem_4_5a

Apr 17th, 2015
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Hi there.This document contains A+ work for the course ACC 225.I am sure that this work will not disappoint you.This document will give you the correct answers to the respective questions about the particular course.

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ADAMS CONSTRUCTION CO.WORKSHEETFor the Year Ended June 30, 2005No.Account TitleUnadjustedTrial BalanceDr.Cr.101126128167168201203208Cash17,500Supplies8,900Prepaid Insurance6,200Equipment 131,000Accumulated Depreciation-Equipment25,250Accounts Payable5,800Interest PayableRent Payable-210213251301Wages PayableProperty Tax PayableLong-term Notes Payable 24,000S. Adams, Capital77,660302401612623633637640652683684690S. Adams, Withdrawals30,000Construction Fees Earned134,000Depreciation Expense-EquipmentWages Expense45,860Interest Expense2,640Insurance Expense Rent Expense 13,200Supplies Expense Property Taxes Expense4,600Repairs Expense2,810Utilities Expense4,000Totals266,710266,710Net IncomeTotalsAdjustedTrial BalanceDr.AdjustmentsDr.Cr.5,7003,900(a)(b)8,500550240200(c.)(d)(h)(f)1,600900(e)(g)17,5003,2002,300131,00030,000(c.)(e)(h)(b)(f)(a)(g)8,5001,6002403,9002005,700900(d)55021,59021,5908,50047,4602,8803,90013,4005,7005,5002,8104,550278,700CO.ADAMS CONSTRUCTION CO.Balance SheetJune 30, 2005, 2005AdjustedTrial BalanceCr.AssetsIncome StatementDr.Cr.Balance SheetDr.Cr.17,5003,2002,300131,00033,7506,35024020033,7506,3502402001,60090024,00077,6601,60090024,00077,66030,000134,000278,700134,000184,00039,300134,000144,70039,300134,000184,000LiabilitiesCurrent LiabilitiesAccou

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