Question

Does anyone have the Solutions for Systems Understanding Aid 9th Edition Transaction List B? I'm really confused on getting it all started and would like to be able to check my work as I go.

Answer 1

Hint of how to proceed :-

Waren sports supply

General journal

Dec, 31, 2017

Date	ACCT No.	Explanation	debit	credit
Dec 22	10300 10200	Allowance for doubtful accounts Accounts receivable (To write off uncollectible)	1149.19	1149.19
Dec. 26	10210 10900 10800 30900	Accounts receivable from employees Accumulated depriciation Fixed assets Gain on disposal of fixed assets (To record of sale of desk to employee)	250 1225	1225 250
Dec. 29	29010 20800	Dividend declared Dividend payable (To record declaration of dividend)	7500	7500
Dec. 31	40600 20600 20400 20500	Payroll tax exp FICA payable SUTA payable FUTA payable (To record Dec. Payroll taxes)	1243.77	1114.66 110.44 18.67
Dec. 31	41000 10100	Other operating exp. Cash (To record Dec. Bank service charge)	25.50	25.50
Dec 31	40400 10900	Depreciation Accumulated dep. (To record 2017 dep.)	35023.64	35023.64
Dec 31	40800 20900	Int. Exps. Interest payable (To accrue int. On note payable@ 60000x5%x13/365)	106.85	106.85

After this prepare unadjusted, adjusted and post closing trial balance, thereafter income statement , cash flow a d the. Balance sheet.