Aber Corperation Trial Balance December 1, 2010 Debits Credits Cash 30,500 Merchandise Inventory 25,750 Prepaid Insurance

5,600 Equipment 38,000 Accounts Payable 13,750 Bond interest payable 3,000 Bond Payable 50,000 Common Stock 20,000 Retained Earnings 13,100 99,850 99,850

Totals

$ 99,850

$ 99,850

General Journal
Date #1 Account Title Post Debit 3000 3000 Credit

Bond Interest Payable X Cash X

#2

Merchandise Inventory X Accounts Payable X Cash X Sales X Sales Tax Payable X Cost of Goods Sold X Merchandise Inventory

241100 241100 477000 450000 27000 250000 250000

#3

#4

Accounts Payable Cash

X X

230000 230000 3000 3000 5600 56000

#5

Bond Interest Expense X Cash X Insurance Expense X Prepaid Insurance X

#6

#7

Prepaid Insurance Cash Sales Tax Payable Cash

X X X X

10200 10200 17000 17000

#8

#9

Other Operating Expenses X Cash X Bond Interest Expense X Cash X Bonds Payable X Cash X Gain on bond Redemption

91000 91000 3000 3000 50000 48000 2000 93600 90000 36000

#10

#11

Cash Bond Payable Premuim on Bonds Payable

Adjusting Entries
#1 Insurance Expense X Prepaid Insurance X Depreciation Expense X Accumulated Depreciation X Income Tax Expense X Income Tax PayableX 4250 600 7000 7000 26445 26445

#2

#3

Closing Entries
12/31 Sales Income Summary Income Summary Other Operating expense Cost of Goods Sold Depreciation Expense Insurance Expense Bond Interest Payable Income Tax Expense Income Summary Retained Earnings 450,000 450,000 140,295 91,000 250,000 7,000 9,850 6,000 26,445 13,100 13100

Accum. Drepreciation Date 12/01 12/31 Bal Debit Credit 2200 300 2500

Gerenal Ledger Cash Merchandise Inventory Prepaid Insurance Debit Credit Debit Credit Debit Credit 30500 3000 25750 250000 5600 5600 477000 230000 241100 10200 4250 93600 3000 10200 17000 0 91000 Bal 16850 3000 Bal 5950 48000 1959000

Date

Bal

Accounts Payable Date Debit Credit 230000 13750 241100 0 Bal 24850 Bal Retained Earnings Debit Credit Bal Bal 13100

Sales Tax Payable Income Tax Payable Debit Credit Date Debit Credit 17000 27000 26445 12/31 0 10000 Common Stock Debit Credit 20000 Bal 26445

Cost of Goods Sold Debit Credit Bal Bal 250000

Sales Debit Credit 450000

Bond Interest Payable credit Credit 3000 3000 Bal 6000

Insurance Expense Debit

Credit

Gain on Bond Redemption Debit Credit

Other Operating Expense debit credit

Bal

5600 4250 9850

bal

2000

balance

91000

Equipment Debit Credit 38000

Accumulated Depreciated Debit Credit 70000 Bal 7000 0

Bal

38000

Premium on Bonds Payable Debit Credit 3600 Bal Bal 3600

Bonds Payable Debit Credit 50000 50000 90000 Bal 90000

Depreciation Expense Debit Credit Bal 7000 Bal

Income Tax Expense Debit Credit 26445

Adjusted Trial Balance

Cash Merchandise Inventory Prepaid insurance Equipment Accumulated Depreciation Accounts Payable Sales tax payable Income Tax Payable Bonds Payable Premium on Bonds Payable Common Stock Retained Earnings Sales Cost of Goods Sold Depreciation Expense Insurance Expense Operating Expense Bond Interest Expense Gain on Bond Redemption Income Tax Expense 195,900 16,850 5,950 38,000 7,000 24,850 10,000 26,445 90,000 3,600 20,000 13,100 450,000 250,000 7,000 9,850 91,000 6,000 $ 26445
646995 646995

2,000

Hiatt Corporation Trial Balance December 1, 2010 Debits Credits Cash 24,600 Accounts Receivable 45,500 Allowance for doubtful acct (1,500) Supplies 4,400 Land 40,000 Building 142,000 Accumulated depreciation build (22,000) Accounts Payable 25,600 Common Stock 80,000 Retained Earnings 127,400 233,000 233,000

General Journal
Date #1 Account Title Post Debit Credit

Cash X 33000 Preferred Stock X Paid in capital in excess of par Cash X 21000 Common Stock X Paid in capital excess- common stock Accounts Receivable X 280000 Service Revenue X Cash X Unearned Service Revenue X Cash X Accounts receivableX 36000

30000 3000

#2

9000 12000 280000

#3

#4

36000 267000 267000

#5

#6

Supplies Accounts Payable Accounts Payable Cash Treasury Stock Cash

X X X X X X

35100 35100 32200 32200 15200 15200 188200 188200 12300 12300 1300 1300

#7

#8

#9

Other Operating expense X Cash X Cash Dividends X Dividends Payable X Allowance for Doubtful acct Accounts Receivable

#10

#11

Adjusting Entries
#1 Supplies Expense Supplies Unearned revenue Service revenue X X X X 33600 33600 27000 27000 3300 3300 4400 4400
23250 23250

#2

#3

Bad Debts Expense X Allowance for doubtful accts X Depreciation Expense-building Accumulated depreciation Income Tax expense Income Tax Payable

#4

#5

Closing Entries
12/31 Sales Income Summary Income Summary Other Operating expense Bad Debts Expense Depreciation Expense 307,000 307,000 252,750 188,200 3,300 4,400

Supplies Expense Income Tax Expense Income Summary Retained Earnings

33,600 23,250 127,400 127400

Gerenal Ledger Cash Debit Credit 24600 32200 33000 15200 21000 188200 36000 267000 Bal Accounts Receivable Allowance for doubtful acct Debit Credit Debit Credit 45500 267000 1300 1500 280000 1300 3300

Date

16850 Bal 3500

Bal

146000

Date

Accounts Payable Debit Credit 32200 25600 35100

Land Debit

Credit

Income Tax Payable Date Debit Credit 23250 Bal 23250

Bal

28500 Retained Earnings Debit Credit 127400 Bal

bal

40000 Cash Dividends debit Credit 12300 12300

Bal

127400

Common Stock Debit Credit 80000 9000 bal 89000 bal

Bal

preferred Stock Paid in capital in excess of par Debit Credit Debit Credit 30000 3000 Bal 3000 30000 Bal

Building credit Credit 142000

142000

bad Debts Expense Debit Credit 3300 Bal 3300

Supplies Expense Debit Credit 33600 bal 33600

Other Operating Expense debit credit 188200 balance 188200

Supplies Accumulated Depreciated Debit Credit Debit Credit 4400 33600 22000 35100 4400 bal 26400 Bal 5900

Unearned Service revenue Debit Credit 27000 36000 Bal Bal 9000

dividends Payable Debit Credit 12300 Bal 12300

Treasury Stock Debit Credit 15200 bal 15200

Service Revenue Debit Credit 280000 27000 bal 307000

Depreciation Expense Debit Credit 4400 Bal 4400

Income Tax Expense Debit Credit 23250 Bal 23250

Adjusted Trial Balance

Cash 146,000 Accounts Receivable 57,200 Allowance for Doubtful accouts Supplies 5,900 Land 40,000 Building 142,000 Accumulative Depreciation building Accounts Payable Income Taxes Payable Unearned Service Revenue Dividends Payable Preferred Stock Paid in capital in excess of Par Value prefeered st. Common Stock Paid in capital in excess of Par value common st. Retained Earnings Cash Dividends 12,300 Treasury Stock 15,200 Service Revenue $ Bad Debts Expense 3300 Depreciation Expense 4400 Supplies Expense 33600 Other Operating Costs 188200 Income Tax Expense 23250 Totals 671350

3,500

26,400 28,500 23,250 9,000 12,300 30,000 3,000 89,000 12,000 127,400

307,000

671350