Week 4 Acc 225 Checkpoint

Topics: Generally Accepted Accounting Principles, Balance sheet, Liability Pages: 4 (326 words) Published: April 21, 2013
Page #156
4-2
1. Analyzing transactions
2. Journalizing transactions
3. Posting the journal entries
4. Preparing the unadjusted trial balance
5. Journalizing and posting adjusting entries
6. Preparing the adjusted trial balance
7. Preparing the financial statements
8. Journalizing and posting closing entries
9. Preparing the post-closing trial balance

Page #159

Exe. 4-4

Account Title Debit Credit Account Title Debit Credit
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,000 Accounts receivable . . . . . . . . . . . . . . . . . . . 16,500 Office supplies . . . . . . . . . . . . . . . . . . . . . . 2,000 Trucks . . . . . . . . . . . . . . . . . . . . . . . . . . . . 170,000 Accumulated depreciation—Trucks . . . . . . . . 35,000 Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75,000 Accounts payable . . . . . . . . . . . . . . . . . . . . . 11,000 Interest payable . . . . . . . . . . . . . . . . . . . . . . 3,000 Long-term notes payable . . . . . . . . . . . . . . . 52,000 K.Webb, Capital . . . . . . . . . . . . . . . . . . . . . 161,000 K.Webb, Withdrawals . . . . . . . . . . . . . . . . . 19,000 Trucking fees earned . . . . . . . . . . . . . . . . . . 128,000 Depreciation expense—Trucks . . . . . . . . . . . 22,500 Salaries expense . . . . . . . . . . . . . . . . . . . . . 60,000 Office supplies expense . . . . . . . . . . . . . . . . 7,000 Repairs expense—Trucks . . . . . . . . . . . . . . . 11,000 ______ Totals...
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