Scribd
Upload
63 views

Assignment 3 + 1

The document is an accounting assignment for a student at Yanbu University College in Saudi Arabia. It provides an unadjusted trial balance for EY Company as of June 30, 2012 and requests the student to prepare adjusting journal entries, post the adjustments to ledger accounts, and prepare an adjusted trial balance. The trial balance includes accounts for cash, accounts receivable, supplies, prepaid insurance, equipment, accounts payable, unearned revenue, common stock, service revenue, salaries expense, and rent expense.

Uploaded by

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

Assignment 3 + 1

The document is an accounting assignment for a student at Yanbu University College in Saudi Arabia. It provides an unadjusted trial balance for EY Company as of June 30, 2012 and requests the student to prepare adjusting journal entries, post the adjustments to ledger accounts, and prepare an adjusted trial balance. The trial balance includes accounts for cash, accounts receivable, supplies, prepaid insurance, equipment, accounts payable, unearned revenue, common stock, service revenue, salaries expense, and rent expense.

Uploaded by

BANDAR ALI ALAMRI
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 6

Kingdom of Saudi Arabia

Royal Commission at Yanbu


Yanbu University College (Men`s Campus)
Department of Management Sciences and Industrial Management
Technology
Yanbu Al-Sinaiyah

ASSIGNMENT-3 ACCT110 - Financial Accounting 202 Semester

FOR INSTRUCTOR USE: CLO/PLO TABLE


Day:
Q. Max Max
CLO-PLO
Date: No. Mark Scored

CLO3,4-
Time: Q1 5
AS3,AS2

TOTAL 5

ID:

Student
NAME:

Section:

Teacher: Mr. Hadi Fadag


Abdullah started his own consulting firm EY Company, on April 1, 2012. The
trial balance at June 30 is shown below.

EY COPANY
TRIAL BALANCE
30 JUNE, 2012
Account
Number Account Title   Dr. Cr.
101 Cash 7150  
112 Account Receivable 6,000  
126 Supplies 2,000  
130 Prepaid insurance 3,000  
157 Equipment 15000  
201 Account payable   4500
209 Unearned Revenue   4,000
301 Common stock   21750
400 Service Revenue   7,900
726 Salaries and wages expense 4,000  
729 Rent expense 1,000  
  Total 38150 38150

1. Supplies on hand at June 30 are $750.


2. A utility bill for $150 has not been recorded and will not be paid until next
month.
3. The insurance policy is for a 2 years.
4. $1,200 of the balance in the unearned service revenue account remains
unearned at the end of the month.
5. June 30 is a Tuesday, and employees are going to be paid on Thursday.
EY Consulting has three employees, who are paid $900 each for a 5-day work
week.
6. Depreciation is $300 on equipment per month.
7. Invoices representing $1,200 of services performed during the month
have not been recorded as of June 30.

Instructions
(a) Prepare the adjusting entries for the month of June.
(b) Post the adjusting entries to the ledger accounts.
(c) Prepare an adjusted trial balance at June 30, 2012.
A)

Date Account Titles Dr. Cr.

 3

 4

 5

 6

 7

B)
Dr. Cr.
Dr. Cr.
Date Amount Date Amount
Date Amount Date Amount

       
       

Dr. Cr. Dr. Cr.


Date Amount Date Amount Date Amount Date Amount
 
  Dr. Cr.
  Dr.       Cr. Date   Amount   Date   Amount  
  Date    
Amount Date   Amount          
 
       
       
 
       

Dr. Cr.
Dr. Cr. Date Amount Date Amount
Date Amount Date Amount  
   
   
     
 

Dr. Cr.
Date Amount Date Amount

       
       

Dr. Cr.
Date Amount Date Amount
Dr. Cr.
Date Amount Date Amount
 
       
 
       
       
       

Dr. Cr.
Date Amount Date Amount
 
   
   
   

EY Company
Adjusted trial balance
30 JUNE, 2012
Account Title Dr. Cr.

You might also like