Skills in Health Care Administration II -Spring 2014
June 30, 2020Campbell discusses his feelings on the abandonment of Greek, Latin, and biblical literature as a part of American education
June 30, 2020
| Demonstration Problem #1 |
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| Videos Delivered, Inc. is in the business of renting videos. The trial balance for videos Delivered Inc. at December 31, 2004, and the data needed for the year-end adjustments are as follows: |
| Trial Balance |
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| December 31, 2004 |
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| Cash |
19415 |
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| Accounts receivable |
90 |
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| Prepaid rent |
1200 |
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| Supplies |
400 |
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| Rental Tape library |
24000 |
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| Accumulated Depreciation ” tape liabrary |
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12000 |
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| Furniture |
9500 |
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| Accumulated Depreciation ” Furniture |
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3800 |
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| Accounts Payable |
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1450 |
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| Salary Payable |
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| Unearned Tape rental revenue |
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1300 |
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| Common Stock |
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15000 |
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| Retained Earnings |
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7150 |
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| Dividends |
3000 |
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| Tape Rental revenue |
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43365 |
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| Salary Expense |
14400 |
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| Rent Expense |
6600 |
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| Utilities expense |
2800 |
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| Depreciaton Expense ” tape Liabrary |
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| Depreciaton Expense ” Furniture |
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| Advertising Expense |
2660 |
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| Supplies Expense |
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| Total |
84065 |
84065 |
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| Adjustment Data |
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| a. Depreciation for the year |
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” On the rental tape liabrary $6,000 |
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” On the Furniture $1,900 |
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| b. Accrued salary expense at December 31, $120 |
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| c. Prepaid rent expired $600 |
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| d. Unearned tape rental revenues which remain unearned as of December 31, $625 |
| e. Supplies on the hand at December 31, $230 |
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| f. Accrued advertising expense at December 31, $115. (Credit Accounts Payable) |
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| Required: |
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| Make Adjusting entries |
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| Make Adjusting Trail Balance |
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| Make Income Statement, Retained earning statement and Balance Sheet |
