Balance sheet Accounts

Cash Accounts receivable

_{1/1 Bal. 30,000 1/1 Bal. 15,000}

_{a. 70,000 50,000 d. a. 30,000 27,300 b.}

_{b. 27,300 24,000 e.}

_{c. 10,000 15,000 f.}

_{2,500 g.}

12/31 Bal.45,80012/31 Bal.17,700

Equipment Allow. for uncollectible accounts

_{1/1 Bal. 20,000 500 1/1 Bal.}

_{f. 15,000}

12/31 Bal.35,000 50012/31 Bal.

Accumulated depreciation Salaries payable

_{6,000 1/1 Bal. 9,000 1/1 Bal.}

_{d. 9,000}

6,000 12/31 Bal.012/31 Bal.

Common stock Retained earnings

_{40,000 1/1 Bal. 9,500 1/1 Bal.}

_{10,000 c. g. 2,500}

50,000 12/31 Bal.7,00012/31 Bal.

Problem 2-6 (continued)

InCome statement Accounts

Service revenue Miscellaneous expenses

_{0 1/1 Bal. 1/1 Bal. 0}

_{100,000 a. e. 24,000}

100,000 12/31 Bal.12/31 Bal.24,000

Salaries expense

_{1/1 Bal. 0}

_{d. 41,000}

12/31 Bal.41,000

Requirement 4

Account Title	Debits		Credits
Cash	45,800
Accounts receivable	17,700
Allowance for uncollectible accounts			500
Equipment	35,000
Accumulated depreciation			6,000
Salaries payable			- 0 -
Common stock			50,000
Retained earnings			7,000
Service revenue			100,000
Salaries expense	41,000
Miscellaneous expenses	24,000		______
Totals	163,500		163,500

31. Problem 2-6 (continued)

Requirement 5

Salaries expense 1,000

Salaries payable 1,000

Depreciation expense 2,000

Accumulated depreciation 2,000

Bad debt expense 1,000

Allowance for uncollectible accounts ($1,500 - 500)1,000

Problem 2-6 (continued)

Balance sheet Accounts

Cash Accounts receivable

_{1/1 Bal. 30,000 1/1 Bal. 15,000}

_{a. 70,000 50,000 d. a. 30,000 27,300 b.}

_{b. 27,300 24,000 e.}

_{c. 10,000 15,000 f.}

_{2,500 g.}

12/31 Bal.45,80012/31 Bal.17,700

Equipment Allow. for uncollectible accounts

_{1/1 Bal. 20,000 500 1/1 Bal.}

_{f. 15,000 1,000 Adjusting}

12/31 Bal.35,000 1,50012/31 Bal.

Accumulated depreciation Salaries payable

_{6,000 1/1 Bal. 9,000 1/1 Bal.}

_{2,000 Adjusting d. 9,000 1,000 Adjusting}

8,000 12/31 Bal.1,00012/31 Bal.

Common stock Retained earnings

_{40,000 1/1 Bal. 9,500 1/1 Bal.}

_{10,000 c. g. 2,500}

50,000 12/31 Bal.7,00012/31 Bal.

Problem 2-6 (continued)