AC5803 Assignment 1
Section Monday
Name: Wang Chao
Student ID Number: 57358487
Part
a
b
c
d
e
Total
Marks
a.
Part a.
Date
Jan. 1
Feb. 28
April 1
May 2
July 1
July 26
Dec 31
Dec 31
Account Name
Dr. Cash
Cr. Unearned Revenue
Dr. Prepaid Insurance
Cr. Cash
Dr. Fixed Assets
Cr. Cash
Dr. Account Receivables
Cr. Revenue
Dr.Interest Expense
Cr.Cash
Dr. Cash
Cr.Sales Revenue
Dr. Expense
Cr. Inventory
Dr. Payroll Payable
Cr. Cash
Dr.Bad-debt Expense
Cr. Allowance for Doubtful Accounts
b.
(1)
Dec.31
Dr. Unearned revenue 10,000
Cr. Service revenue
10,000
(2)
Dec.31
Dr. Insurance Expense 1,250
Cr. Prepaid Insurance 1,250
Amount
20,000
20,000
3,000
3,000
100,000
100,000
2,500
2,500
500
500
1,200
1,200
1,000
1,000
1,500
1,500
1,000
1,000
(3)
Dec.31
Dr. Depreciation fees
3,750
Cr. Accumulated depreciation
3,750
(4)
Dec.31
Dr. Interest Expense
500
Cr Interest Payable
500