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KRISTI WILLIAMS FAMILY COUNSELING SERVICES CHART OF ACCOUNTS Assets 101 Revernue Cash Office Surplies Prepaid Iesurance Office Equipment Accumulated Depr.- Office Eguipment Camputer Equipment Accumulated Depr- Computer Equipment 401 Client Fees 142 145 Expenses 511 Wagen Expenne Rent Expense Office Spplies Expense Ublitien Expanaa Insurance Expanse Depr. Expame Office Equipment Depr. Expense Computer Equipment Miscellaneous Expense 181 181.1 521 523 187 533 187.1 535 541 Liabilities 201 202 Notes Payable Accounts Payable 542 549 Owner's Equity Kristi Williams, Capital Kristi William, Drawing 311 312 RW fanily Cauning Sen T an Dember 31, NNE Cash 101 700 00 Ofice Sapples Prepaid insarance Office lquipment Computer Equpment Notes Payable Accouts Payable Ke Wilam, Capital Ka Wiam, Drawing Cent Fee Wages lapeme Rt Epee Utlies Epense Mscellaneoun bpense 181 187 6000 00 201 00 00 202 311 11 D00 312 3000 00 401 35 0 00 9500 00 6000 00 21 1000 00 S11 521 549

KRISTI WILLIAMS FAMILY COUNSELING SERVICES CHART OF ACCOUNTS Assets 101 Revernue Cash Office Surplies Prepaid Iesurance Office Equipment Accumulated Depr.- Office Eguipment Camputer Equipment Accumulated Depr- Computer Equipment 401 Client Fees 142 145 Expenses 511 Wagen Expenne Rent Expense Office Spplies Expense Ublitien Expanaa Insurance Expanse Depr. Expame Office Equipment Depr. Expense Computer Equipment Miscellaneous Expense 181 181.1 521 523 187 533 187.1 535 541 Liabilities 201 202 Notes Payable Accounts Payable 542 549 Owner's Equity Kristi Williams, Capital Kristi William, Drawing 311 312 RW fanily Cauning Sen T an Dember 31, NNE Cash 101 700 00 Ofice Sapples Prepaid insarance Office lquipment Computer Equpment Notes Payable Accouts Payable Ke Wilam, Capital Ka Wiam, Drawing Cent Fee Wages lapeme Rt Epee Utlies Epense Mscellaneoun bpense 181 187 6000 00 201 00 00 202 311 11 D00 312 3000 00 401 35 0 00 9500 00 6000 00 21 1000 00 S11 521 549

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter14: Decentralized Operations
Section: Chapter Questions
Problem 14.3E
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Kristi Williams offers family counselling services specializing in financial and martial prblems.A chart of accounts and trial balance taken on December 31,20--, follow.

Information for year-end adjustment is as follows:

(a)Office supplies on hand at year-end amounted to $100.

(b)On january 1,20--,Williams purchased office equipment that cost $18,000.It has an expected useful life of 10 yers and no salvage value.

(c)On july 1,20--, Williams ourchased computer equipment costing %6,000.Assume that Williams computer depreciation to the nearest full month.

(d) On december 1,20--,Williams paid a premium of $600 for a six month insurance policy.

REQUIRED

1.Prepare the work sheet for the year ended December 31,20--,

2.Prepare adjusting entries in a general journal

KRISTI WILLIAMS FAMILY COUNSELING SERVICES CHART OF ACCOUNTS Assets 101 Revernue Cash Office Surplies Prepaid Iesurance Office Equipment Accumulated Depr.- Office Eguipment Camputer Equipment Accumulated Depr- Computer Equipment 401 Client Fees 142 145 Expenses 511 Wagen Expenne Rent Expense Office Spplies Expense Ublitien Expanaa Insurance Expanse Depr. Expame Office Equipment Depr. Expense Computer Equipment Miscellaneous Expense 181 181.1 521 523 187 533 187.1 535 541 Liabilities 201 202 Notes Payable Accounts Payable 542 549 Owner's Equity Kristi Williams, Capital Kristi William, Drawing 311 312 RW fanily Cauning Sen T an Dember 31, NNE Cash 101 700 00 Ofice Sapples Prepaid insarance Office lquipment Computer Equpment Notes Payable Accouts Payable Ke Wilam, Capital Ka Wiam, Drawing Cent Fee Wages lapeme Rt Epee Utlies Epense Mscellaneoun bpense 181 187 6000 00 201 00 00 202 311 11 D00 312 3000 00 401 35 0 00 9500 00 6000 00 21 1000 00 S11 521 549
Transcribed Image Text:KRISTI WILLIAMS FAMILY COUNSELING SERVICES CHART OF ACCOUNTS Assets 101 Revernue Cash Office Surplies Prepaid Iesurance Office Equipment Accumulated Depr.- Office Eguipment Camputer Equipment Accumulated Depr- Computer Equipment 401 Client Fees 142 145 Expenses 511 Wagen Expenne Rent Expense Office Spplies Expense Ublitien Expanaa Insurance Expanse Depr. Expame Office Equipment Depr. Expense Computer Equipment Miscellaneous Expense 181 181.1 521 523 187 533 187.1 535 541 Liabilities 201 202 Notes Payable Accounts Payable 542 549 Owner's Equity Kristi Williams, Capital Kristi William, Drawing 311 312 RW fanily Cauning Sen T an Dember 31, NNE Cash 101 700 00 Ofice Sapples Prepaid insarance Office lquipment Computer Equpment Notes Payable Accouts Payable Ke Wilam, Capital Ka Wiam, Drawing Cent Fee Wages lapeme Rt Epee Utlies Epense Mscellaneoun bpense 181 187 6000 00 201 00 00 202 311 11 D00 312 3000 00 401 35 0 00 9500 00 6000 00 21 1000 00 S11 521 549
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