YORKIS PEREZ, CONSULTHNG ENGTNEER TRIAL BALANCE DECEMBER 31, 2014 Debit Credit Cash Accounts Receivable 49,600 Allowance for
Question:
YORKIS PEREZ, CONSULTHNG ENGTNEER TRIAL BALANCE DECEMBER 31, 2014
Debit | Credit | |
Cash | ||
Accounts Receivable | 49,600 | |
Allowance for Doubtful Accounts | ||
Inventory | 1,960 | |
Prepaid Insurance | 1,100 | |
Equipment | 25,000 | |
Accumulated Depreciation-Equipment | 6,250 | |
Notes Payable | 7,200 | |
Owner\'s Capital | 35,010 | |
Service Revenue | 100,000 | |
Rent Expense ( 13 months of rent) | 9,750 | |
Salaries and Wages Expense | 30,500 | |
Utilities Expenses | 1,080 | |
Office Expense | 720 | |
Totals |
Fees received in advance from clients .
Services performed for clients that were not recorded by December .
Bad debt expense for the year is .
Insurance expired during the year .
Equipment is being depreciated at per year.
Yorkis Perez gave the bank a 90 -day, note for on December .
Rent of the building is per month. The rent for 2014 has been paid, as has that for January 2015 .
Office salaries and wages earned but unpaid December . Yorkis Perez withdrew cash for personal use during the year.
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield