- Laerche 2 Dona Hewes Company Is A Wellness Cented By Down She Ide Wwe Acument For The Year To April 30 2002 Se Cocome 1 (16.32 KiB) Viewed 60 times
- Laerche 2 Dona Hewes Company Is A Wellness Cented By Down She Ide Wwe Acument For The Year To April 30 2002 Se Cocome 2 (29.61 KiB) Viewed 60 times
- Laerche 2 Dona Hewes Company Is A Wellness Cented By Down She Ide Wwe Acument For The Year To April 30 2002 Se Cocome 3 (25.5 KiB) Viewed 60 times
- Laerche 2 Dona Hewes Company Is A Wellness Cented By Down She Ide Wwe Acument For The Year To April 30 2002 Se Cocome 4 (11.52 KiB) Viewed 60 times
- Laerche 2 Dona Hewes Company Is A Wellness Cented By Down She Ide Wwe Acument For The Year To April 30 2002 Se Cocome 5 (16.45 KiB) Viewed 60 times
- Laerche 2 Dona Hewes Company Is A Wellness Cented By Down She Ide Wwe Acument For The Year To April 30 2002 Se Cocome 6 (11.83 KiB) Viewed 60 times
- Laerche 2 Dona Hewes Company Is A Wellness Cented By Down She Ide Wwe Acument For The Year To April 30 2002 Se Cocome 7 (39.2 KiB) Viewed 60 times
- Laerche 2 Dona Hewes Company Is A Wellness Cented By Down She Ide Wwe Acument For The Year To April 30 2002 Se Cocome 8 (39.2 KiB) Viewed 60 times
- Laerche 2 Dona Hewes Company Is A Wellness Cented By Down She Ide Wwe Acument For The Year To April 30 2002 Se Cocome 9 (52.4 KiB) Viewed 60 times
- Laerche 2 Dona Hewes Company Is A Wellness Cented By Down She Ide Wwe Acument For The Year To April 30 2002 Se Cocome 10 (48.3 KiB) Viewed 60 times
- Laerche 2 Dona Hewes Company Is A Wellness Cented By Down She Ide Wwe Acument For The Year To April 30 2002 Se Cocome 11 (20.88 KiB) Viewed 60 times
- Laerche 2 Dona Hewes Company Is A Wellness Cented By Down She Ide Wwe Acument For The Year To April 30 2002 Se Cocome 12 (47.95 KiB) Viewed 60 times
- Laerche 2 Dona Hewes Company Is A Wellness Cented By Down She Ide Wwe Acument For The Year To April 30 2002 Se Cocome 13 (24.61 KiB) Viewed 60 times
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Problems |Com NORS |E |பெயரான பாவ ககக Waper I
Exercise 2 Dana Bowen Company is a small business owned by Dana Bowen. She provided us with the documents for the year ended April 30, 2022. She is concerned that there are a number of errors in all documents made by her accountants Required: Determine what those errors are and correctly recalculate amounts in all documents. Journal Entries: a) Cash 6,500 Dana Bowen, Capital 6,500 b) Equipment 2.500 Dana Bowen. Capital 2,500 c) Rent Expense 400 Cash 400 d) Cash 400 Fees Earned 400 e) Accounts Receivable 1.250 Fees Earned 1.250 1) Supplies 870 Accounts Payable 870 g) Wages Expense 420 Cash 420 h) Prepaid Insurance 1.940 Cash 1,940 1) Cash 2,500 Fees Earned 2,500 1) Miscellaneous Expense 50 Cash 50 k) Dana Bowen, Drawing 350 Cash 350 1) Cash 930 Uncamed Revenue 930 Adjusting Entries: m). Supplies Expense 540 Supplies 540 n) Accounts Receivable 385 Fees Earned 385 o) Insurance Expense 725 Prepaid Insurance 725 p) Accumulated Depreciation 130 Depreciation Expense 130 4) Wages Expense 225 Wages Payable 225 r) Unearned Revenues 590 Fees Earned 590
Cash Accounts Receivable 1.250 385 Supplies 870 540 6,500 Prepaid Insurance 1.940 725 900 100 420 1,940 2.500 SO 350 930 Equipment Accumulated Depreciation Accounts Payable Wages Payable 2.500 130 870 22 Uncanned Revenues Dana Bowen, Capital 6,500 2,500 Dana Bowen, Drawing 350 Income Summary 930 590 Wages Expense 420 225 Rent Expense 400 Supplies Expense $40 Fees Earned 900 1.250 2.500 385 590 Insurance Expense 725 Depreciation Expense 130 Miscellancous Expense so
Dana Bowen Company End-of-Period Spreadsheet For the Year Ended April 30 Adjusted Trial Trial Balance Adjustments Balance Debit Credit Debit Credit Debit Credit Cash 7,170 17.170 Accounts Receivable 1.250 bas bo Prepaid Insurance 1.940 925 1.215 Supplies 870 5.40 330 Equipment 2.500 12500 Accumulated Depreciation 130 310 Unearned Revenue 930590 Accounts Payable 870 870 Wages Payable 225 125 Dana Bowen, Capital 9.000 19.000 Dana Bowen, Drawing 350 350 Fees Farned 2.900 6.725 5,620 Wage Expense 400 25 645 Rent Expense 400 000 Supplies Expense -40 5:40 Insurance Expense 125 925 Depreciation Expense 130 130 Miscellaneous Expense SO SO Totals 15,930 13,700 2.595 4,345 16,895 16,025 3:40 Dana Bowen Company Income Statement For the Year Ended April 30 Fees camed S5.625 Expenses: Insurance expense $725 Wages expense 645 Supplies expense SA Rent expense 400 130 Depreciation expense Miscellaneous expense SO 2,490 Total expenses Net income 53.135
Dana Bowen Company Statement of Owner's Equity For the Year Ended April 30 Dana Bowen capital, May 1 S Investment $ 9,000 3.135 (350 Net income for the period Less withdrawals Total change in owner's equity Dana Bowen, capital, April 30 11.785 $11.785
Dana Bowen Company Balance Sheet April 30 Liabilities Current liabilities: $7,170 Accounts payable 1,635 Wages payable 330 Unearned revenues 1.215 Supplies $10,850 Total liabilities Assets Current assets: Cash Accounts receivable Supplies Prepaid insurance Total current assets Property, plant, & equipment: Equipment Less accumulated depr. Total assets S 870 225 340 330 $ 1,435 $2,500 130 Owner's Equity 2.630 Dana Bowen, capital Total liabilities and $13.200 owner's equity 9,000 $10.435 Closing Entries: 5,625 5,625 2,490 s) Fees Earned Income Summary 1) Income Summary Wages Expense Rent Expense Supplies Expense Insurance Expense Depreciation Expense Miscellaneous Expense u) Income Summary Dana Bowen, Capital v) Dana Bowen, Drawing Dana Bowen, Drawing 645 400 540 725 130 50 1.135 1,135 350 350
Dana Bowen Company Post-Closing Trial Balance April 30 Cash 7,170 Accounts Receivable 2,500 Prepaid Insurance 1.215 Supplies 330 Equipment 2,500 Accumulated Depreciation 310 Unearned Revenues 340 Accounts Payable 870 Wages Payable 225 Dana Bowen, Capital 11.785 Total 13,715 13,530