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.