E3-2

Week 2 Geronimo CompanyTrial BalanceApril 30, 2012 | | Debit | Credit | Cash | $2,100 | | Accounts Receivable | 2,750 | | Prepaid Insurance | 1,700 | | Equipment | 8,000 | | Accounts Payable | | $ 3,500 | Property Tax Payable | | 560 | Geronimo, Capital | | 11,200 | Service Revenue | | 6,690 | Salaries Expense | 4,200 | | Advertising Expense | 1,400 | | Property Tax Expense | 1,800 | | | $ 21,950 | $ 21,950 |
E3-2

P3-4
(a) Nov. 30 Store Supplies Expense………………1,500 Store Supplies………………… 1,500
30 Depr. Equipment…………………...15,000 Accumulated Depreciation- Equipment……………… 15,000
30 Interest Expense……………………11,000 Interest Payable……………….. 11,000 (b)
Bellemy Fashion Center
Adjust Trial Balance
November 30, 2012 | Debit | Credit | Cash | 28,700 | | Accounts Receivable | 33,700 | | Merchandise Inventory | 45,000 | | Store supplies | 5,500 | | equipment | 133,000 | | Accumulated depr. – Equipment | | 24,000 | Notes Payable | | 51,000 | Accounts Payable | | 48,500 | Common Stock | | 90,000 | Retained Earning | | 8,000 | Sales | | 757,200 | Sales Returns and Allowances | 4,200 | | Cost of goods sold | 495,400 | | Salaries Expense | 140,000 | | Advertising Expense | 26,400 | | Utilities Expense | 14,000 | | Repair Expense | 12,100 | | Delivery Expense | 16,700 | | Rent Expense | 24,000 | | Store Supplies Expense | 1,500 | | Store Supply | | 1,500 | Depreciation Expense— Equipment | 15,000 | | Equipment | | 15,000 | Interest Expense | 11,000 | | Interest Payable | | 11,000 | Totals | 1,006,200 | 1,006,200 |
(c)
Bellemy Fashion Center
Income Statement
For the Year Ended November 30, 2012 Sales Revenue | | | | Sales | | | $757,200 | Less: Sales Returns And Allowances | | | 4,200 | Net Sales | | |