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FIT Acc 201 week 3

Haupt consulting Problem 3-43

Haupt Consulting

Trial Balance

18-Dec-10

Balance

Account Tide
Debit
Credit

Cash
8,100

Account receivable
1,700

Supplies
300

Equipment
2,000

Accumulated depreciation-eqiup

Furniture
3,600

Accumulated
depreciation-furniture

Account payable

3,900

Salary payable

Unearned service revenue

Carl haupt Capital

10,000

Carl Haupt Withdrawal

Service Revenue

2,500

Rent expense
500

Utlilities expense
200

Salary Expense

Depreciation expense-equip

Depreciation expense-furniture

Supplies expense

total
16,400
16,400

Problem 3-38

Haupt Consulting

Adjusted Trial Balance

31-Dec-10

Balance

Account Tide
Debit
Credit

Cash
7,700

Account receivable
1,500

Supplies
100

Equipment
2,000

Accumulated depreciation-eqiup

33

Furniture
3,600

Accumulated depreciation-furniture

60

Account payable

3,600

Salary payable

700

Unearned service revenue

600

Carl haupt Capital

10,000

Carl Haupt Withdrawal
1,600

Service Revenue

3,200

Rent expense
500

Utlilities expense
200

Salary Expense
700

Depreciation expense-equip
33

Depreciation expense-furniture
60

Supplies expense
200

total
18,193
18,193

1 completed the
accounting work sheet at dec 31

2 Journalize
and post the closing entries at Dec 31 Denote each closing amount as CLO and
an account balance as BAL

3. Prepare a classified
balance sheet at dec 31.

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