Académique Documents
Professionnel Documents
Culture Documents
a.
General Journal December Daily Transactions 2009 Dec 1 Debit Credit
Date Dec
Explanation
Credit
Balance
Date Dec
Explanation
Credit
Balance
Date Dec
Explanation
Credit
Balance
Date Dec
Explanation
Credit
Balance
Date Dec 31
Balance
Date Dec 1
Explanation
Credit
Balance
Date Dec
Explanation
Credit
Balance
Date Dec
Explanation
Credit
Balance
Date Dec 28
Explanation
Credit
Balance
Date Dec
Explanation
Credit
Balance
Date Dec 31
Explanation
Credit
Balance
Date Dec 1
Explanation
Credit
Balance
Date Dec
Explanation
Dividends Debit
Credit
Balance
Date Dec
Explanation
Credit
Balance
Date Dec
Explanation
Credit
Balance
Date Dec
Explanation
Credit
Balance
Date Dec 31 31
Explanation
Credit
Balance
Explanation
Credit 4,000
Balance 4,000 0
Date Dec 31 31
Explanation
Credit
Balance
Date Dec
Explanation
Credit
Balance
Date Dec
Explanation
Credit
Balance
Debit
Adjustments* Credit
(e)
$ 349,700 (a) (b) (c) (d) (h) $ $ $ $ $ 13,620 13,620 $ $ $ 13,620 13,620
Net income Totals * Adjustments (a) December rent expense ($12,000 3). (b) December interest expense ($100,000 x 6% x 1/12). (c) December depreciation expense ($240,000 96 months). (d) Office supplies used in December ($1,000 - $600).
(e) Portion of unearned revenue earned in December. (f) Accrued revenue earned in December. (g) Accrued salaries at month-end. (h) Accrued income taxes expense at month-end.
Income before income taxes expense Income taxes expense @ 40% Net income
SUSQUEHANNA EQUIPMENT RENTALS Statement of Retained Earnings For the Year Ended December 31, 2009 Retained earnings, December 1, 2009 Subtotal Retained earnings, December 31, 2009
Stockholders' equity:
c.
31
31
31
e.
SUSQUEHANNA EQUIPMENT RENTALS After-Closing Trial Balance December 31, 2009
Totals
g.