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    Problem 3-5A: Instructions

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    JEERAPA KHANPHET
    This document provides an adjusted trial balance for Sears Editing Company as of January 31, 20Y1. It lists debit and credit balances for various asset, liability, equity, revenue, and expense accounts. The student received full credit and a key code to check their work on this practice problem.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Problem 3-5A: Instructions

    Uploaded by

    JEERAPA KHANPHET
    232 views2 pages
    This document provides an adjusted trial balance for Sears Editing Company as of January 31, 20Y1. It lists debit and credit balances for various asset, liability, equity, revenue, and expense accounts. The student received full credit and a key code to check their work on this practice problem.

    Original Title

    PR 03-5A

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    This document provides an adjusted trial balance for Sears Editing Company as of January 31, 20Y1. It lists debit and credit balances for various asset, liability, equity, revenue, and expense accounts. The student received full credit and a key code to check their work on this practice problem.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    232 views2 pages

    Problem 3-5A: Instructions

    Uploaded by

    JEERAPA KHANPHET
    This document provides an adjusted trial balance for Sears Editing Company as of January 31, 20Y1. It lists debit and credit balances for various asset, liability, equity, revenue, and expense accounts. The student received full credit and a key code to check their work on this practice problem.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 2

    Problem 3-5A

    Name: Jeerapa Khanphet


    Section:

    Score: 100%

    Key Code: [Key code here]


    Instructions
    Answers are entered in the cells with gray backgrounds.
    Cells with non-gray backgrounds are protected and cannot be edited.
    An asterisk (*) will appear to the right of an incorrect entry.
    In the trial balance, enter a zero in cells you would otherwise leave blank.

    1. 20Y1 Account Debit Credit


    Jan. 31 Insurance Expense 4,800
    Prepaid Insurance 4,800

    31 Supplies Expense 1,730


    Supplies 1,730

    31 Depreciation Expense - Building 6,600


    Accumulated Depreciation - Building 6,600

    31 Depreciation Expense - Equipment 3,500


    Accumulated Depreciation - Equipment 3,500

    31 Unearned Rent 4,000


    Rent Revenue 4,000

    31 Salaries and Wages Expense 1,800


    Salaries and Wages Payable 1,800

    31 Accounts Receivable 15,000


    Fees Earned 15,000

    2. Sears Editing Company


    Adjusted Trial Balance
    January 31, 20Y1
    Debit Balances Credit Balances
    Cash 7,500 -
    Accounts Receivable 53,400 -
    Prepaid Insurance 2,400 -
    Supplies 250 -
    Land 112,500 -
    Building 150,250 -
    Accumulated Depreciation - Building - 94,150
    Equipment 135,300 -
    Accumulated Depreciation - Equipment - 101,450
    Accounts Payable - 12,150
    Unearned Rent - 2,750
    Salaries and Wages Payable - 1,800
    Common Stock - 75,000
    Retained Earnings - 146,000
    Dividends 15,000 -
    Fees Earned - 339,600
    Rent Revenue - 4,000
    Salaries and Wages Expense 195,170 -
    Utilities Expense 42,375 -
    Advertising Expense 22,800 -
    Repairs Expense 17,250 -
    Depreciation Expense - Building 6,600 -
    Depreciation Expense - Equipment 3,500 -
    Insurance Expense 4,800 -
    Supplies Expense 1,730 -
    Miscellaneous Expense 6,075 -
    776,900 776,900

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