Appendix I
Review Exercise Solutions
395
Chapter 5 Review Exercise—Solutions
a) Complete the worksheet.
CG Accounting
Worksheet
June 30, 2016
Unadjusted
Trial Balance
Adjustments
Adjusted
Trial Balance
Account Titles
DR
CR
DR
CR
DR
CR
Cash
$5,550
$5,550
Accounts Receivable
4,600
$900
5,500
Prepaid Insurance
1,200
$100 1,100
Equipment
6,000
6,000
Accumulated Depreciation
$0
100
$100
Accounts Payable
2,750
2,750
Interest Payable
0
25
25
Unearned Revenue
900
450
450
Bank Loan
3,050
3,050
Gordon, Capital
9,400
9,400
Gordon, Drawings
1,000
1,000
Service Revenue
3,600
1,350
4,950
Advertising Expense
450
450
Depreciation Expense
0
100
100
Insurance Expense
0
100
100
Interest Expense
0
25
25
Rent Expense
900
900
Total
$19,700 $19,700
$1,575 $1,575 $20,725 $20,725
