Case Study

ACCT504  -­  Case  1  -­  Part  A

Date

Account  Titles

Jun  2

Cash

Common  Stock

Jun  3

Supplies

Debit

$55,000

$3,000

Accounts  Payable

Purchased  Supplies  on  Account

Equipment

$5,200

Accounts  Payable

Purchased  equipment  on  Account

Jun  4

Cash

$6,300

Service  Revenue

Provided  service  for  Cash

Jun  7

Land

$37,000

Cash

Purchase  Land  with  Cash

Jun  11 Accounts  Receivable  

$1,200

Service  Revenue

Provided  Service  on  Account

Jun  16 Accounts  Payable

$2,800

Cash

Parcial  payment  on  account  for  Equipment

Jun  17 Utilities  Expense

$230

Cash

Paid  for  Telephone  Utility  Expense

Jun  18 Cash

$700

Accounts  Receivable  

Received  Cash  on  Account

Jun  22 Utilities  Expense

$400

Cash

Paid  for  Water  and  Electricity  Utility  Expense

Jun  29 Cash

$5,000

Service  Revenue

Provided  service  for  Cash

Jun  30 Salary  Expense

$4,300

Cash

Paid  Salary

Dividends

Cash

Paid  Dividends

$3,000

Credit

$55,000

$3,000

$5,200

$6,300

$37,000

$1,200

$2,800

$230

$700

$400

$5,000

$4,300

$3,000

ACCT504  -­  Case  1-­  Part  A

6/2

6/4

CASH

55,000

6,300

6/7

COMMON  STOCK

6/2

Bal.

37,000

6/16

6/17

6/22

6/29

Bal.

6/3

400

6/30

6/30

6/18

2,800

230

4,300

3,000

700

5,000

19,270

SUPPLIES

3,000

ACCOUNTS  PAYABLE

6/3

6/3

6/16

Bal.

6/3

EQUIPMENT

5,200

2,800

3,000

Bal.

Bal.

SERVICE  REVENUE

6/4

6/11

6/29

Bal.

5,200

LAND

UTILITIES  EXPENSE

6/7

37,000

6/17

6/22

230

400

Bal.

37,000

Bal.

630

6/11

Bal.

ACCOUNTS  RECEIVABLE

1,200

6/18

6/30

SALARY  EXPENSE

4,300

700

500

Bal.

4,300

DIVIDENTS

6/30

Bal.

128

3,000

3,000

128

  STOCK

55,000

55,000

 PAYABLE

3,000

5,200

5,400

REVENUE

6,300

1,200

5,000

12,500

EXPENSE

XPENSE

ENTS

128

128

ACCT504  -­  Case  1-­  Part  A

Gordon  Contruction,  Inc.

Trial  Balance

June  30,  2014

Account  titles

Cash

Debit

19,270

Accounts  receivable

Supplies

Equipment

500

3,000

5,200

Land

Accounts  payable

Common  Stock

Dividends

37,000

3,000...