Question 1 The trial balance columns of the worksheet for Cajon Company at June 30, 2014, are as follows. CAJON COMPANY Worksheet For the Month Ended June 30, 2014 Trial Balance Account Titles Dr. Cr. Cash $4,020 Accounts Receivable 2,440 Supplies 1,900 Accounts Payable $1,120 Unearned Service Revenue 240 Common Stock 5,000 Service Revenue 3,100 Salaries and Wages Expense 860 Miscellaneous Expense 240 $9,460 $9,460 Other data: 1. A physical count reveals $500 of supplies on hand. 2. $100 of the unearned revenue is still unearned at month-end. 3. Accrued salaries are $250. Complete the worksheet. CAJON COMPANY Worksheet For the Month Ended June 30, 2014 Trial Balance Adjustments Adj. Trial Balance Income Statement Balance Sheet Account Titles Dr Cr. Dr Cr. Dr Cr. Dr Cr. Dr Cr. Cash 4,020 Accounts Receivable 2,440 Supplies 1,900 Accounts Payable 1,120 Unearned Service Revenue 240 Common Stock 5,000 Service Revenue 3,100 Salaries and Wages Expense 860 Miscellaneous Expense 240 Totals 9,460 9,460 Supplies Expense Salaries and Wages Payable Totals Net Income Totals Click here if you would like to Show  Question 2 Lanza Company had the following adjusted trial balance. LANZA COMPANY Adjusted Trial Balance For the Month Ended June 30, 2014 Adjusted Trial Balance Account Titles Debit Credit Cash $3,712 Accounts Receivable 3,904 Supplies 480 Accounts Payable $1,556 Unearned Service Revenue 160 Common Stock 4,000 Retained Earnings 1,760 Dividends 600 Service Revenue 4,300 Salaries and Wages Expense 1,344 Miscellaneous Expense 180 Supplies Expense 1,900 Salaries and Wages Payable 344 $12,120 $12,120 (a) Prepare closing entries at June 30, 2014. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. (To close revenue account.) 2. (To close expense accounts) 3. (To close net income / (loss).) 4. (To close dividends) Question 4 Excelsior Amusement Park has a fiscal year ending on September 30. Selected data from the September 30 worksheet are presented below. Excelsior Amusement Park Worksheet For the Year Ended September 30, 2014 Trial Balance Adjusted Trial Balance Dr. Cr. Dr. Cr. Cash 34,400 34,400 Supplies 18,600 2,200 Prepaid Insurance 29,900 10,900 Land 80,000 80,000 Equipment 120,000 120,000 Accumulated Depreciation-Equip. 36,200 42,200 Accounts Payable 14,600 14,600 Unearned Ticket Revenue 3,900 1,000 Mortgage Payable 50,000 50,000 Common ...

1. Question 1
The trial balance columns of the worksheet for Cajon Company
at June 30, 2014, are as follows.
CAJON COMPANY
Worksheet
For the Month Ended June 30, 2014
Trial Balance
Account Titles
Dr.
Cr.
Cash
$4,020
Accounts Receivable
2,440
Supplies
1,900
Accounts Payable

2. $1,120
Unearned Service Revenue
240
Common Stock
5,000
Service Revenue
3,100
Salaries and Wages Expense
860
Miscellaneous Expense
240
$9,460
$9,460
Other data:
1.
A physical count reveals $500 of supplies on hand.

3. 2.
$100 of the unearned revenue is still unearned at month-end.
3.
Accrued salaries are $250.
Complete the worksheet.
CAJON COMPANY
Worksheet
For the Month Ended June 30, 2014
Trial Balance
Adjustments
Adj. Trial Balance
Income Statement
Balance Sheet
Account Titles
Dr
Cr.
Dr
Cr.
Dr
Cr.

4. Dr
Cr.
Dr
Cr.
Cash
4,020
Accounts Receivable
2,440

5. Supplies
1,900
Accounts Payable

6. 1,120
Unearned Service Revenue
240

7. Common Stock
5,000
Service Revenue
3,100

8. Salaries and Wages Expense
860
Miscellaneous Expense
240

9. Totals
9,460
9,460

10. Supplies Expense
Salaries and Wages Payable

11. Totals
Net Income

12. Totals
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13. Question 2
Lanza Company had the following adjusted trial balance.
LANZA COMPANY
Adjusted Trial Balance
For the Month Ended June 30, 2014
Adjusted Trial Balance
Account Titles
Debit
Credit
Cash
$3,712
Accounts Receivable
3,904
Supplies
480
Accounts Payable
$1,556

14. Unearned Service Revenue
160
Common Stock
4,000
Retained Earnings
1,760
Dividends
600
Service Revenue
4,300
Salaries and Wages Expense
1,344
Miscellaneous Expense
180
Supplies Expense

15. 1,900
Salaries and Wages Payable
344
$12,120
$12,120
(a)
Prepare closing entries at June 30, 2014. (Credit account titles
are automatically indented when amount is entered. Do not
indent manually.)
No.
Account Titles and Explanation
Debit
Credit
1.

16. (To close revenue account.)
2.
(To close expense accounts)
3.

17. (To close net income / (loss).)
4.
(To close dividends)
Question 4
Excelsior Amusement Park has a fiscal year ending on
September 30. Selected data from the September 30 worksheet
are presented below.
Excelsior Amusement Park
Worksheet
For the Year Ended September 30, 2014

18. Trial Balance
Adjusted Trial Balance
Dr.
Cr.
Dr.
Cr.
Cash
34,400
34,400
Supplies
18,600
2,200
Prepaid Insurance
29,900

19. 10,900
Land
80,000
80,000
Equipment
120,000
120,000
Accumulated Depreciation-Equip.
36,200
42,200
Accounts Payable
14,600

20. 14,600
Unearned Ticket Revenue
3,900
1,000
Mortgage Payable
50,000
50,000
Common Stock
60,000
60,000
Retained Earnings
36,100

21. 36,100
Dividends
14,000
14,000
Ticket Revenue
277,900
280,800
Salaries and Wages Expense
98,000
98,000
Maintenance and Repairs Expense
30,500

22. 30,500
Advertising Expense
9,400
9,400
Utilities Expense
16,900
16,900
Property Tax Expense
21,000
24,000
Interest Expense
6,000

23. 8,000
Totals
478,700
478,700
Insurance Expense
19,000
Supplies Expense
16,400
Interest Payable

24. 2,000
Depreciation Expense
6,000
Property Taxes Payable
3,000
Totals
489,700
489,700

25. (a)
Prepare a complete worksheet.
EXCELSIOR AMUSEMENT PARK
Worksheet
For the Year Ended September 30, 2014
Trial Balance
Adjustments
Adjusted Trial Balance
Income Statement
Balance Sheet
Account Titles
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.

26. Dr.
Cr.
Dr.
Cr.
Cash
34,400
Supplies
18,600

27. Prepaid Insurance
29,900
Land

28. 80,000
Equipment
120,000

29. Accumulated Depreciation-Equip.
36,200
Accounts Payable
14,600

30. Unearned Ticket Revenue
3,900
Mortgage Payable

31. 50,000
Common Stock
60,000

32. Retained Earnings
36,100
Dividends
14,000

33. Ticket Revenue
277,900
Salaries and Wages Expense
98,000

34. Maintenance and Repairs Expense
30,500
Advertising Expense

35. 9,400
Utilities Expense
16,900

36. Property Tax Expense
21,000
Interest Expense
6,000

37. Totals
478,700
478,700
Insurance Expense

38. Supplies Expense

39. Interest Payable
Depreciation Expense

40. Property Taxes Payable
Totals

41. Net Income
Totals

42. Click here if you would lik
Question 1
The trial balance columns of the worksheet for Cajon Company
at June 30, 2014, are as follows.
CAJON COMPANY
Worksheet
For the Month Ended June 30, 2014

43. Trial Balance
Account Titles
Dr.
Cr.
Cash
$4,020
Accounts Receivable
2,440
Supplies
1,900
Accounts Payable
$1,120
Unearned Service Revenue
240
Common Stock

44. 5,000
Service Revenue
3,100
Salaries and Wages Expense
860
Miscellaneous Expense
240
$9,460
$9,460
Other data:
1.
A physical count reveals $500 of supplies on hand.
2.
$100 of the unearned revenue is still unearned at month-end.
3.
Accrued salaries are $250.
Complete the worksheet.
CAJON COMPANY
Worksheet

45. For the Month Ended June 30, 2014
Trial Balance
Adjustments
Adj. Trial Balance
Income Statement
Balance Sheet
Account Titles
Dr
Cr.
Dr
Cr.
Dr
Cr.
Dr
Cr.
Dr
Cr.
Cash
4,020

46. Accounts Receivable
2,440

47. Supplies
1,900
Accounts Payable
1,120

48. Unearned Service Revenue
240
Common Stock
5,000

49. Service Revenue
3,100

50. Salaries and Wages Expense
860
Miscellaneous Expense
240

51. Totals
9,460
9,460
Supplies Expense

52. Salaries and Wages Payable
Totals

53. Net Income

54. Totals
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Question 2
Lanza Company had the following adjusted trial balance.
LANZA COMPANY
Adjusted Trial Balance
For the Month Ended June 30, 2014

55. Adjusted Trial Balance
Account Titles
Debit
Credit
Cash
$3,712
Accounts Receivable
3,904
Supplies
480
Accounts Payable
$1,556
Unearned Service Revenue
160
Common Stock
4,000

56. Retained Earnings
1,760
Dividends
600
Service Revenue
4,300
Salaries and Wages Expense
1,344
Miscellaneous Expense
180
Supplies Expense
1,900
Salaries and Wages Payable
344

57. $12,120
$12,120
(a)
Prepare closing entries at June 30, 2014. (Credit account titles
are automatically indented when amount is entered. Do not
indent manually.)
No.
Account Titles and Explanation
Debit
Credit
1.
(To close revenue account.)

58. 2.
(To close expense accounts)
3.
(To close net income / (loss).)
4.

59. (To close dividends)
Question 4
Excelsior Amusement Park has a fiscal year ending on
September 30. Selected data from the September 30 worksheet
are presented below.
Excelsior Amusement Park
Worksheet
For the Year Ended September 30, 2014
Trial Balance
Adjusted Trial Balance
Dr.
Cr.
Dr.

60. Cr.
Cash
34,400
34,400
Supplies
18,600
2,200
Prepaid Insurance
29,900
10,900
Land
80,000
80,000

61. Equipment
120,000
120,000
Accumulated Depreciation-Equip.
36,200
42,200
Accounts Payable
14,600
14,600
Unearned Ticket Revenue
3,900

62. 1,000
Mortgage Payable
50,000
50,000
Common Stock
60,000
60,000
Retained Earnings
36,100
36,100
Dividends
14,000
14,000

63. Ticket Revenue
277,900
280,800
Salaries and Wages Expense
98,000
98,000
Maintenance and Repairs Expense
30,500
30,500
Advertising Expense
9,400
9,400

64. Utilities Expense
16,900
16,900
Property Tax Expense
21,000
24,000
Interest Expense
6,000
8,000
Totals
478,700
478,700

65. Insurance Expense
19,000
Supplies Expense
16,400
Interest Payable
2,000
Depreciation Expense
6,000

66. Property Taxes Payable
3,000
Totals
489,700
489,700
(a)
Prepare a complete worksheet.
EXCELSIOR AMUSEMENT PARK

67. Worksheet
For the Year Ended September 30, 2014
Trial Balance
Adjustments
Adjusted Trial Balance
Income Statement
Balance Sheet
Account Titles
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Cash

68. 34,400
Supplies
18,600

69. Prepaid Insurance
29,900
Land
80,000

70. Equipment
120,000
Accumulated Depreciation-Equip.
36,200

71. Accounts Payable
14,600

72. Unearned Ticket Revenue
3,900
Mortgage Payable
50,000

73. Common Stock
60,000
Retained Earnings
36,100

74. Dividends
14,000
Ticket Revenue

75. 277,900
Salaries and Wages Expense
98,000

76. Maintenance and Repairs Expense
30,500
Advertising Expense
9,400

77. Utilities Expense
16,900
Property Tax Expense
21,000

78. Interest Expense
6,000

79. Totals
478,700
478,700
Insurance Expense

80. Supplies Expense
Interest Payable

81. Depreciation Expense
Property Taxes Payable

82. Totals

83. Net Income
Totals

84. Click here if you would lik