4. CAPÍTULO IV: PRESENTACION Y DISCUSIÓN DE RESULTADOS
4.1.7. Generación de Residuos Sólidos
4.1.7.7. Producción mensual de residuos por usuario
Pr% 30933Qd0usting entries and account classi-ication.
*elected amounts -rom Trent 6ompan"As trial !alance o- 12@31@14 appear !elo<> 1. ccounts ,a"a!le E 1'= 2. ccounts Receiva!le 15= 3. ccumulated epreciationQ&uipment 2= 4. llo<ance -or ou!t-ul ccounts 2=
5. onds ,a"a!le 5= '. 6as$ 15= . 6ommon *toc# '= +. &uipment '= . ,repaid Insurance 3= 1. Interest xpense 1= 11. Inventor" 3=
12. Notes ,a"a!le (due '@1@15) 2=
13. ,repaid Rent 21=
14. Retained arnings +1+= 15. *alaries and Cages xpense 32+= (ll o- t$e a!ove accounts $ave t$eir standard or normal de!it or credit !alance.)
,art . ,repare ad0usting 0ournal entries at "ear end= ecem!er 31= 214= !ased on t$e -ollo<ing supplemental in-ormation.
a. T$e e&uipment $as a use-ul li-e o- 15 "ears <it$ no salvage value. (*traig$tline met$od !eing used.)
!. Interest accrued on t$e !onds pa"a!le is E15= as o- 12@31@14. c. ,repaid insurance at 12@31@14 is E25=.
d. T$e rent pa"ment o- E1+= covered t$e six mont$s -rom Novem!er 3= 214 t$roug$ :a" 31= 215.
e. *alaries and <ages earned !ut unpaid at 12@31@14= E22=.
,art . Indicate t$e proper !alance s$eet classi-ication o- eac$ o- t$e 15 num!ered accounts in t$e 12@31@14 trial !alancebefore adjustments !" placing appropriate num!ers a-ter eac$ o- t$e -ollo<ing classi-ications. I- t$e account title <ould appear on t$e income statement= do not put t$e num!er in an" o- t$e classi-ications.
a. 6urrent assets
!. ,ropert"= plant= and e&uipment c. 6urrent lia!ilities
d. ongterm lia!ilities e. *toc#$oldersA e&uit"
Solution 30933
,art .
a. epreciation xpense (E'= M )÷ 15 ... '4=
ccumulated epreciationQ&uipment ... ... '4=
!. Interest xpense ... 15=
Interest ,a"a!le ... 15=
c. Insurance xpense ... 5=
,repaid Insurance (E3= E25=) ... 5=
d. Rent xpense (E21=÷')... 35=
,repaid Rent ... 35=
e. *alaries and Cages xpense ... 22=
*alaries and Cages ,a"a!le ... 22= ,art .
a. 6urrent assetsQ2= 4= '= = 11= 13 !. ,ropert"= plant= and e&uipmentQ3= + c. 6urrent lia!ilitiesQ1= 12
d. ongterm lia!ilitiesQ5 e. *toc#$oldersA e&uit"Q= 14
Pr% 30935Qd0usting entries.
ata relating to t$e !alances o- various accounts a--ected !" ad0usting or closing entries appear !elo<. (T$e entries <$ic$ caused t$e c$anges in t$e !alances are not given.) ou are as#ed to suppl" t$e missing 0ournal entries <$ic$ <ould logicall" account -or t$e c$anges in t$e account !alances.
1. Interest receiva!le at 1@1@14 <as E1=. uring 214 cas$ received -rom de!tors -or interest on outstanding notes receiva!le amounted to E5=. T$e 214 income statement s$o<ed interest revenue in t$e amount o- E'=4. ou are to provide t$e missing ad0usting entr" t$at must $ave !een made= assuming reversing entries are not made.
2. 9nearned rent at 1@1@14 <as E5=3 and at 12@31@14 <as E+=. T$e records indicate cas$ receipts -rom rental sources during 214 amounted to E55== all o- <$ic$ <as credited to t$e 9nearned Rent Revenue account. ou are to prepare t$e missing ad0usting entr".
3. ccumulated depreciationQe&uipment at 1@1@14 <as E23=. t 12@31@14 t$e !alance o- t$e account <as E2+=. uring 214= one piece o- e&uipment <as sold. T$e e&uipment $ad an original cost o- E4= and <as 3@4 depreciated <$en sold. ou are to prepare t$e missing ad0usting entr".
4. llo<ance -or dou!t-ul accounts on 1@1@14 <as E5=. T$e !alance in t$e allo<ance account on 12@31@14 a-ter ma#ing t$e annual ad0usting entr" <as E'5= and during 214 !ad de!ts <ritten o-- amounted to E3=. ou are to provide t$e missing ad0usting entr". 5. ,repaid rent at 1@1@14 <as E2=. uring 214 rent pa"ments o- E12= <ere made and
c$arged to Srent expense.S T$e 214 income statement s$o<s as a general expense t$e item Srent expenseS in t$e amount o- E145=. ou are to prepare t$e missing ad0usting entr" t$at must $ave !een made= assuming reversing entries are not made.
'. Retained earnings at 1@1@14 <as E13= and at 12@31@14 it <as E21=. uring 214= cas$ dividends o- E5= <ere paid and a stoc# dividend o- E4= <as issued. ot$ dividends <ere properl" c$arged to retained earnings. ou are to provide t$e missing closing entr".
Solution 30935
1. Interest Receiva!le ... 2=4
Interest Revenue ... 2=4 Interest revenue per !oo#s E'=4
Interest revenue received related to 214
(E5= M E1=) 4= Interest accrued E2=4
2. 9nearned Rent Revenue ... 52=3
Rent Revenue ... 52=3 6as$ receipts E55=
eginning !alance 5=3 nding !alance (+=) Rent revenue E52=3
Solution 30935 (cont.)
3. epreciation xpense ... +=
ccumulated epreciationQ&uipment ... += nding !alance E2+=
eginning !alance 23=
i--erence 5=
Criteo-- at time o- sale 3@4 G E4= 3= E +=
4. ad e!t xpense ... 45=
llo<ance -or ou!t-ul ccounts ... 45= nding !alance E'5=
eginning !alance 5= i--erence 15= Critten o-- 3= E45= 5. Rent xpense ... 25= ,repaid Rent ... 25= Rent expense E145=
ess cas$ paid 12= Reduction in prepaid rent account E 25=
'. Income *ummar" ... 1=
Retained arnings ... 1= nding !alance E21=
eginning !alance (13=)
i--erence +=
6as$ dividends E5=
*toc# dividends 4= = E1=
Pr% 30936Qd0usting and closing entries.
T$e -ollo<ing trial !alance <as ta#en -rom t$e !oo#s o- Fis# 6orporation on ecem!er 31= 214.
ccount e!it 6redit
6as$ E =
ccounts Receiva!le 4=
Notes Receiva!le 1=
llo<ance -or ou!t-ul ccounts E 1=+
Inventor" 44= ,repaid Insurance 4=+ &uipment 11= ccumulated epreciation&uip. 15= ccounts ,a"a!le 1=+ 6ommon *toc# 44= Retained arnings 55= *ales Revenue 2+=
6ost o- /oods*old 12'=
*alaries and Cages xpense 5=
Rent xpense 12=+
Pr% 30936 (cont.)
t "ear end= t$e -ollo<ing items $ave not "et !een recorded. a. Insurance expired during t$e "ear= E2=.
!. stimated !ad de!ts= 1L o- gross sales.
c. epreciation on e&uipment= 1L per "ear on original cost. d. Interest at 5L is receiva!le on t$e note -or one -ull "ear.
7e. Rent paid in advance at ecem!er 31= E5=4 (originall" c$arged to expense). -. ccrued salaries and <ages at ecem!er 31= E5=+.
Instru#tions
(a) ,repare t$e necessar" ad0usting entries. (!) ,repare t$e necessar" closing entries.
Solution 30936
(a) d0usting ntries
a. Insurance xpense ... 2=
,repaid Insurance ... 2=
!. ad e!t xpense ... 2=+
llo<ance -or ou!t-ul ccounts ... 2=+
c. epreciation xpense ... 11=
ccumulated epreciation&uip. ... 11=
d. Interest Receiva!le ... 5
Interest Revenue ... 5
7e. ,repaid Rent ... 5=4 Rent xpense ... 5=4 -. *alaries and Cages xpense ... 5=+
*alaries and Cages ,a"a!le ... 5=+
(!) 6losing ntries *ales ... 2+=
Interest Revenue ... 5
Income *ummar" ... 2+=5 Income *ummar" ... 25= *alaries and Cages xpense ... 55=+
Rent xpense ... =4
epreciation xpense ... 11=
ad e!t xpense ... 2=+
Insurance xpense ... 2=
6ost o- /oods *old ... 12'= Income *ummar" ... 5=5
=Pr% 3093:Q6as$ to accrual accounting.
T$e -ollo<ing in-ormation is availa!le -or Renn 6orporationAs -irst "ear o- operations> ,a"ment -or merc$andise purc$ases E335=
nding merc$andise inventor" 135= ccounts pa"a!le (!alance at end o- "ear) '= 6ollections -rom customers 2+=
T$e !alance in accounts pa"a!le relates onl" to merc$andise purc$ases. ll merc$andise items <ere mar#ed to sell at 35L a!ove cost. C$at s$ould !e t$e ending !alance in accounts receiva!le= assuming all accounts are deemed collecti!leD
=Solution 3093:
*ince t$is is t$e -irst "ear o- operations and t$ere <ere E2+= o- accounts receiva!le collected= one must compute total sales to determine t$e ending !alance in accounts receiva!le. 6ost o- goods sold is E2'= assuming t$e accounts pa"a!le are -or inventor" (t$e E335= constitutes onl" pa"ments made -or purc$ases). *ince t$e mar#up is 35L on cost= t$e sales are E351= (E2'= G 135L). *ales o- E351= less collections o- E2+= results in an ending accounts receiva!le !alance o- E1= as calculated !elo<.
6as$ purc$ases E335=
@, !alance '=
Total purc$ases 35= nding inventor" 135= 6ost o- goods sold 2'= G 135L
*ales 351=
ess collections 2+=
nding @R E1=
=Pr% 3093;Qccrual accounting.
ates 6ompan"As records provide t$e -ollo<ing in-ormation concerning certain account !alances and c$anges in t$ese account !alances during t$e current "ear. Transaction in-ormation is missing -rom eac$ item !elo<.
Instru#tions
,repare t$e entry to record t$e missing in-ormation -or eac$ account. (6onsider eac$ inde pendentl".)
1. ccounts Receiva!le> 8an. 1= !alance E41== ec. 31= !alance E55== uncollecti!le accounts <ritten o-- during t$e "ear= E'= accounts receiva!le collected during t$e "ear= E13=. ,repare t$e entr" to record sales revenue.
2. llo<ance -or ou!t-ul ccounts> 8an. 1= !alance E4== ec. 31= !alance E=5= uncollecti!le accounts <ritten o-- during t$e "ear= E2=. ,repare t$e entr" to record !ad de!t expense.
3. ccounts ,a"a!le> 8an. 1= !alance E25== ec. 31= !alance E54== purc$ases on account -or t$e "ear= E12=. ,repare t$e entr" to record pa"ments on account.
4. Interest Receiva!le> 8an. 1 accrued= E3== ec. 31 accrued= E2=1= recogni;ed -or t$e "ear= E35=. ,repare t$e entr" to record cas$ interest received.
=Solution 3093;
1. nding !alance E 55= nding !alance E 55= ess> eginning !alance 41= ,lus> Rec. collected 13= i--erence 14= Criteo--s '= 9ncollecti!le accounts '= BR 2= Receiva!les collected 13= ess> eginning !alance 41= *ales revenue -or period E15= *ales revenue -or period E15= ccounts Receiva!le ... 15=
*ales Revenue... 15= 2. nding !alance E =5 nding !alance E =5
ess> eginning !alance 4= ,lus> Criteo-- 2=
i--erence 3=5 BR 2=5
Criteo-- 2= ess> eginning !alance 4= d0usting entr" E23=5 d0usting entr" E23=5
ad e!t xpense ... 23=5
llo<ance -or ou!t-ul ccounts ... 23=5 3. nding !alance E 54= eginning !alance E 25=
ess> eginning !alance 25= ,lus> ,urc$ases 12=
i--erence 2= BR 145=
,urc$ases 12= ess> nding !alance 54= ,a"ments E 1= ,a"ments E 1= ccounts ,a"a!le... 1=
6as$ ... 1= 4. Revenue Recogni;ed E35= eginning !alance E 3=
ess> ec. 31 accrual (2=1) ,lus> Revenue recogni;ed 35= ,lus> 8an. 1 accrual 3= BR 3+= 6as$ received E35= ess> nding !alance 2=1 6as$ received E35= 6as$ ... 35=
Interest Receiva!le... 35= (T$is entr" assumes t$at t$e E35= interest recogni;ed
=Pr% 3093<Qccrual !asis.
/rier ssociates maintains its records on t$e cas$ !asis. ou $ave !een engaged to convert its cas$ !asis income statement to t$e accrual !asis. T$e cas$ !asis income statement= along <it$ additional in-ormation= -ollo<s>
/rier ssociates
Income *tatement (6as$ asis) For t$e ear nded ecem!er 31= 214
6as$ receipts -rom customers E45= 6as$ pa"ments>
*alaries and <ages E1=
Income taxes '5=
Insurance 4=
Interest 25= 3=
Net income E15=
dditional in-ormation>
alances at 12@31 214 213 ccounts receiva!le E5= E3=
*alaries and <ages pa"a!le 1= 2= Income taxes pa"a!le 24= 1=
,repaid insurance += 4=
ccumulated depreciation 5= 5=
Interest pa"a!le 3= =
No plant assets <ere sold during 214.
=Solution 3093<
/rier ssociates
Income *tatement (ccrual asis) For t$e ear nded ecem!er 31= 214
Revenue (E45= O E5= M E3=) E4= xpenses
*alaries and <ages (E1= O E1= M E2=) E1'= Income taxes (E'5= O E24= M E1=) = Insurance (E4= O E4= M E+=) 3'= epreciation (E5= M E5=) 2= Interest (E25= O E3= M E=) 1=
Totalexpenses 35=
=Pr% 3093>Qig$tcolumn <or# s$eet.
T$e trial !alance o- Cinsor 6orporation is reproduced on t$e -ollo<ing page. T$e in-ormation !elo< is relevant to t$e preparation o- ad0usting entries needed to !ot$ properl" matc$ revenues and expenses -or t$e period and re-lect t$e proper !alances in t$e real and nominal accounts.
Instru#tions
s t$e accountant -or Cinsor 6orporation= "ou are to prepare ad0usting entries !ased on t$e -ollo<ing data= entering t$e ad0ustments on t$e <or# s$eet and completing t$e additional columns <it$ respect to t$e income statement and !alance s$eet. 6are-ull" #e" "our ad0ustments and la!el all items. (ue to time constraints= an ad0usted trial !alance is not re&uired.) Round all computations to t$e nearest dollar.
(a) Cinsor determined t$at one percent o- sales <ill !ecome uncollecti!le.
(!) epreciation is computed using t$e straig$tline met$od= <it$ an eig$t"ear li-e and E1= salvage value.
(c) *alesmen are paid commissions o- 15L o- sales. 6ommissions on sales -or ecem!er $ave not !een paid.
(d) T$e note <as issued on Bcto!er 1= !earing interest at +L= due Fe!. 1= 215. (e) p$"sical inventor" o- supplies indicated E34 o- supplies currentl" in stoc#.
(-) ,rovisions o- a lease contract speci-" pa"ments must !e made one mont$ in advance= <it$ mont$l" pa"ments at E+@mo. T$is provision $as !een complied <it$ as o- ec. 31= 214.
Cinsor 6orporation Cor# *$eet
For t$e ear nded ecem!er 31= 214
Trial Balance Adjustments Income Statement Balance Sheet Accounts Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Cash 12,400 Equit In!est. 4,0"0 Accounts #ec. $0,000 Allo%. &or D. A. 420 In!entor 1',(00 Su))lies 1,040 Equi)ment '",000 Accum. De)r.*Equi). +,"00 Accounts aa-le 4,400 otes aa-le 10,000 Common Stoc/ 40,000 #et. Earnins 2+,'+0 Sales #e!enue $40,000 Cost o& oods Sold 2$","20
*alaries and
Cages E). 20,(00 Sales Comm. E). $+,000 #ent E)ense 3,200 isc. E)ense 2,200
Solution 3093>
Cinsor 6orporation Cor# *$eet
For t$e ear nded ecem!er 31= 214
Trial Balance Adjustments Income Statement Balance Sheet Accounts Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
Cash 12,400 12,400
EquitIn!est. 4,0"0 4,0"0 Accounts#ec. $0,000 $0,000
Allo%.&orD.A. 420 5a6 $,400 $,(20
In!entor 1',(00 1',(00 Su))lies 1,040 5e6 300 $40 Equi)ment '",000 '",000 Accum. De)r.*Eq. +,"00 5-6 (,000 13,"00 Accountsaa-le 4,400 4,400 otesaa-le 10,000 10,000 CommonStoc/ 40,000 40,000 #et.Earnins 2+,'+0 2+,'+0 Sales #e!enue $40,000 $40,000
Cost o& oods Sold 2$","20 2$","20
*alaries and
CagesE). 20,(00 20,(00
Sales Comm. E). $+,000 5c6 12,000 "1,000 #ent E)ense 3,200 5&6 (00 ',400 isc. E)ense 2,200 2,200
Totals 4$4,010 4$4,010
Bad De-t E). 5a6 $,400 $,400 De)r. E). 5-6 (,000 (,000
Sales Com. E) a. 5c6 12,000 12,000 Interest E)ense 5d6 200 200
Interestaa-le 5d6 200 200 Su))lies E)ense 5e6 300 300
re)aid #ent 5&6 (00 (00
Totals 2",100 2",100 $2(,220 $40,000 12+,$+0 113,'10
etIncome 11,3(0 11,3(0
Totals $40,000 $40,000 12+,$+0 12+,$+0
d0usting entries and explanations
(a) ad e!t xpense (E34= x 1L) ... 3=4
llo<ance -or ou!t-ul ccounts ... 3=4 (!) epreciation xpense ... +=
ccumulated epreciationQ&uipment ... ... += (E'5= M E1= is E'4=. Bneeig$t$ o- E'4= is
Solution 3093> (cont.)
(c) *ales 6ommission xpense ... 12=
*ales 6ommission xpense ,a"a!le ... 12= (15L o- sales is 15L G E34== <$ic$ is E51=. T$e
!alance in t$e *ales 6ommission xpense account is E3= !e-ore ad0ustment= indicating t$at E12= o- commissions are accrued !ut unpaid.)
(d) Interest xpense ... 2
Interest ,a"a!le ... 2 (E1= G .+ G 3@12 ? E2)
(e) *upplies xpense ...
*upplies ... (T$e !alance o- E1=4 in t$e *upplies account !e-ore
ad0ustment less t$e correct ending !alance o- E34 is E.)
(-) ,repaid Rent ... +
Rent xpense ... + (*ince t$e trial !alance contains no account -or prepaid
rent= t$e E+ lease pa"ment $as apparentl" !een
de!ited to Rent xpense. n account must !e set up -or t$e ,repaid Rent.)