Part One-Iilentifying Accounting Terms

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<strong>Part</strong> Tzto-Analyzing Accounts Alfected byAtljusting anil Closiig EntiesDirectione: Use the parhal chart of accounts given below. For each adjustingor closing entry descriM, decide which accounts are debited and €redited.Write the account rmbers identifying your choice in the proper Answerscolumn,Account fitlcAcct,IVo.Supplies 150Prepaid Insurance 1@Barbara Trevino, Capital 310Bafuara Trevino, Drawing 320lncomesummary 330Sales 410Adverdsing Expense 510Insuranae Expens€ 520Supplies Expense 5501-2. Adjusting entry fror Supplies. (p. 194)Aaaoun]t Io BeDebtt€d Creditqd7. 2.3-4. Adjustiry entry for Prepaid Insurance. (p. 195)3. 4-tr. Closing entry for Sales. (p. 199)5. 6.7-8. Closing entry for all expense accounts. (p. 200)7. A.F10, Closing entry fo! Income Summary with a net income. (p. 201)9. 10.11-12. Closing entry for lncome Summary with a net loss. (p. 201)11. 12-1H4. Closing entry lor owner's drawint account. (p. 202)13. 14-34 . Study Guide CENTURY 2I AccoUNnNc, ZTH EDmoN
Ncmc<strong>Part</strong> Three-Anahlzing Accounts Afier ClosingEntries Are PostuA @,207)Directions: For each account listed below, decide whether the account willnormally appear on a post-closing trial balance, Place a check mark in theproper Answers coluinn to show your answer.1. Accounts Receivable-J. lfidAppcart oa o Pot -Closing friol Bolancc1.YatNoZ Supplies Expens€2-3. Sales3.4, Miscellaneous Expense4.5- Prepaid Insurance5.5. Petty Cash6,7. Accounts Payable-AA Supplies7,8. Rent Expense8.9. Susan Ruft Drawing9.10. Supplies10,11. Cash11.12. Advertisint Expense12.13. Insurance Expense13.14. Susan Ruft Capital7L15. Inaoine Summary15.16. Utilities Expense16,CopyRrGHT @ SounrWEsrERN EDUcaroNAl PuBusHrNG Chopter 9 . 35
Page 1 and 2: Nsmaldeniiting Accounling Te.mslden
Page 3 and 4: NqmePart Thrce-Analyzing Hozt Trans
Page 5 and 6: Nqmoldenriryine Accounling Tsrmsden
Page 7 and 8: NdmePart Three-Analvzing How Transa
Page 9 and 10: Nolnald€nlitins Accounrins TsrmsA
Page 11: NomcPart Three-lilentfuing Changes
Page 14 and 15: Part Two-Identifuing Accounting Con
Page 16 and 17: Part Four-Analyzing Recorling Trans
Page 18 and 19: P art Tu)o-lilentifying Accounting
Page 20 and 21: Part Four-Analyzing Posting ftom a
Page 22 and 23: Part Tztso-Analyzirrg Transactions
Page 25 and 26: Ncmcldentilying Accounrins TermsAno
Page 27 and 28: Part Three-Analy,zing the prcpa.rat
Page 29 and 30: Anolyzing on lncome Slotemenling ln
Page 31: NomePart Thtee-Analyzing Income Sta
Page 36 and 37: Part Four-Analyzing Adjusting and C
Page 38 and 39: Patt Tw o-Analy zing PurchasesDir
Page 40 and 41: Pafi F our-Anahl zing AccountirlS C
Page 42 and 43: Part Tzt:o-Analqzing Sales anil Cas
Page 45 and 46: ldenlifying Accounling TermtAnolyzi
Page 47: Part Three-Analqzing Posting anil S
Page 50 and 51: P art Two-Analyzing P ayroll Pto ce
Page 53 and 54: Anolyzins Poyroll RecordsAnolyzins
Page 55: Pafi Three-Analy zing Fotm W-2Direc
Page 58 and 59: Pafi Tzuo-Analyzing Wotk Sheet Exte
Page 60 and 61: Part Tza o-Analy zing Acceptable Co
Page 63 and 64: Anolyzins Accounrs Affecbd ltadt";i
Page 65 and 66: Ncmcldenlitins Accounlins TermsAnol
Page 67 and 68: NdmaPart Three-Analyzing Transactio
Page 69 and 70: ldentifyins Accountins TerrnsAnolyz
Page 71: Part Three-Analyzing Sales anil Cas
Page 74 and 75: P art Tzoo-Analyzing Uncollectible
Page 77 and 78: NdmcAndlyzins Uncollecl;ble Acct. E
Page 79: No]ncPart Thrce-Analyzing Plant Ass
Page 82 and 83: Pafi Tzno-Analqzing Inaentory Syste
Page 84 and 85:
12, Inventory information Ior Johns
Page 86 and 87:
P art Tu; o-Iilentifu ing Accountin
Page 88 and 89:
Part Four-Analyzing Notes and Inter
Page 90 and 91:
Part Two-Analyzing Accounts Affecte
Page 93 and 94:
lden ting Accounling Concepls ond P
Page 95 and 96:
ldentithg Accounling TermsAnolyzi.s
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P ar I Th re e-An al y zing Ln d -
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Part One-Iilentifying Accounting Terms

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