Tuesday, May 25, 2010

Exercise 4-2 (E4-2) The adjusted trial balance columns of the worksheet for Goode Company are as follows.

ACC 280 / XACC 280

Axia College of University of Phoenix (UoP)

Principles of Accounting

Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2008). Financial Accounting (6th ed.). Hoboken, NJ: Wiley.

ACC 280 / XACC 280 Solution
Help in ACC 280
Help in XACC 280


Exercise 4-2 (E4-2) The adjusted trial balance columns of the worksheet for Goode Company are as follows.

GOODE COMPANY
Worksheet (partial)
For the Month Ended April 30, 2008

Adjusted Trial Income Balance
Balance Statement Sheet
Account Titles Dr. Cr. Dr. Cr. Dr. Cr.

Cash $13,752
Accounts Receivable 7,840
Prepaid Rent 2,280
Equipment 23,050
Accumulated Depreciation $ 4,921
Notes Payable 5,700
Accounts Payable 5,672
Common Stock 25,000
Retained Earnings 5,960
Dividends 3,650
Service Revenue 15,590
Salaries Expense 10,840
Rent Expense 760
Depreciation Expense 671
Interest Expense 57
Interest Payable 57
Totals $ 62,900 $ 62,900

Instructions
Complete the worksheet.

Click here for the SOLUTION