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Review Exercise Workbook

The document appears to be a financial statement detailing various accounts, including capital, cash, accounts payable, inventory, and expenses. It outlines transactions related to sales, cost of goods sold (COGS), and net loss, indicating a financial overview of a business. The final balance shows total assets, liabilities, and equity, highlighting a net loss of 800.

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nilaysezen2
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0% found this document useful (0 votes)
2 views3 pages

Review Exercise Workbook

The document appears to be a financial statement detailing various accounts, including capital, cash, accounts payable, inventory, and expenses. It outlines transactions related to sales, cost of goods sold (COGS), and net loss, indicating a financial overview of a business. The final balance shows total assets, liabilities, and equity, highlighting a net loss of 800.

Uploaded by

nilaysezen2
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

220.

000cap tal
220.000cashCashDr115.000 000
200280022
0
2
mdlgwhtsquare

6 4
Cap talCr26.500veh cleDr5Gcash
0
5
1
11.500Crveh cle
notespay
notespay 0
5
1 26.500
7 Dr prepa d ns 8
4
0
cash 8
4
0
Croff
400off
suppl es7.2009 Dr7 ce
ce ns
000prepa d 4 800
suppl es
3

2007.200acc poyCracc
Dr2.600 pay. nventory
18.50026.000 nventory14
9.20026.000acc
7.200
26.000
26.000 2 600
5.500

payCr2
Dr37.000
6.20017
600acc
[Link] revenue acres
7.0002
600 nventoryccash19
Dr6.200
unearned 3.500sales
revenueCOGS 18.500

37.0006.200G37.000Acc rec
21 Dr
0 salesreturns
0037
expense
Cr 7000sales
18 0
5
9 2

Dr COGS
8
0
5
1
Cr
nventorysupply
Drad
0
5
2 200at onexp
3.000deprec
expense

23 Dr advert s ngexpense
9
0
2
acc
Cr
[Link]
200 ns exp
400sales
returnsfallow 7
[Link]
Dr 000aerved
exp
3 0003 3
wages

600 nventory3
500COGS
4
0
3
2
7
supply exp Balance31
3 000
off ceDrDR
suppl esTr al
3.000cash 206.400
CR
cap tal 2200
31 Dr exp veh cle
notespay
26.500
D0
Cr 200Accumulated prepa d ns 4 400
dep. nsurance
salesCr off cesuppl es
acc pay
4 20
398
31 Dr exp nventory 8
4
0
Cr200Deprec
Cr
at
400400prepa
ns
on d unearnedrevenue
6
0
2
acc rec 0
3
0
3
7
3.000
31 Dr exp COGS 0

accrued wages15 ad exp 8.200

2003
salesreturns 7 000

000Income
supplyexp 3000

wageswages
Statement20040037.000
Salesreturns 7.000
depexp
accum dep
ns exp
wagesexp
accrued
0
3 oo
10.000Sales
COGS 45.000 0
3
7
0
3
3
7
1
Gross prof t
Opexpenses
Deprec at on 200
supply 3.000
nsurance 400
ad 200
salay 3.000
Net loss 800
Balance
beetL ab l t es

cash 4
6
0
2 Accpay
Im0 0 Notespay 11.500
acc rec Unearnedrevenue 6.200
8 u00
lossAssets39.800
nuertory
ofsuppl es
repa d ns
4 0
Equ ty
4
0
2 accrued wages 3 000

6
0
2 220.000
veh cle cap tal
c depr rleft
ght
0
2 Net 800
279.700279.700

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