Ch. 4 Textbook Exercises

"Goode Company (Partial ) Worksheet "For the Month Ended April 30 , 2008 "Account Titles "Adjusted Trial Balance "Income Statement "Balance Sheet "Dr "Cr "Dr "Cr "Dr "Cr "Cash "13752 "13752 "Accounts Receivable "7840 "7840 "Prepaid Rent "2280 "2280 "Equipment "23050 "23050 "Accumulated Depreciation "4921 "4921 "Notes Payable "5700 "5700 "Accounts Payable "5672 "5672 "T . Goode , Capital "30960 "30960 "T . Goode , Drawing "3650 "3650 "Service Revenue "15590 "15590 "Salaries Expense "10840 "10840 "Rent Expense "760 "760 "Depreciation Expense "671 "671 "Interest Expense "57 "57 "Interest Payable "57 "57 " Totals "62900 "62900 "12328 "15590 "50572 "47310 "Net Income "3262 "3262 " Totals "12328 "12328

"47310 "47310 "Goode Company "Income Statement "For the Month Ended April 30 , 2008 "Revnues "Service revenue "15590 "Expenses "Salaries expense "10840 "Rent expense "760 "Depreciation expense "671 "Interest expense "57 " Total expenses "12328 "Net Income "3262 "Goode Company "Classified Balance Sheet "39568 "Assets "Current Assets "Cash "13752 "Receivables "7840 "Prepaid Expenses "2280 "23872 "Fixed Assets "Equipment "23050 "Less : Accumulated Depreciation "4921 "18129 "42001 "Liabilities and Owner 's Equity "Current Liabilities "Notes Payable "5700 "Accounts Payable "5672 "Interest Payable "57 "11429 "Owner 's Equity "T . Goode , Capital "30572 "42001 "Goode Company "STATEMENT OF RETAINED EARNINGS "39568 "Retained Earnings (at start "0 "Add : Net Income "3262 "Less : Drawing "3650 "Retained Earnings (at end "-388 "Goode Company "Closing Entries "Date "Account Titles "Debit "Credit "INCOME SUMMARY "Apr . 30 "Service Revenue "15590 "12328 "15590 " Income Summary "15590 "3262 (to close revenue account "12328 "18852 "30 "Income Summary "12328 " Salaries Expense "10840 " Rent Expense "760...