ACR5:

a) Dec. 6 Salaries and Wages Payable

Salaries and Wages Expense

8 Cash

10 Cash

Cost of Goods Sold

13 Inventory

15 Supplies

18 Accounts Receivable

Cost of Goods Sold

20 Salaries and Wages Expense

23 Accounts Payable

27 Cash
Sales Discount (12,000 x 0,03)
c) Dec. 31 Salaries and Wages Expense

Depreciation Expense

Supplies Expense

d)
Jurczyk Distributin
Adjusted trial balan
December 31,2020

Cash
Accounts Receivable
Inventory
Supplies
Equipment
Accumulated Depreciation-Equipment
Accounts Payable
Salaries and Wages Payable
Share Capital-Ordinary
Retained Earnings
Sales Revenue
Sales Discounts
COGS
Depreciation Expense
Salaries and Wages Expense
Supplies Expense
 Jurczyk Distributing
Income statement
e) For the Month Ending December 31,2020
Sales
Sales Revenue
Less: Sales Discounts
Net Sales
Cost of Goods Sold
Gross Profit
Operating Expenses
Salaries and Wages Expense € 3,200
Supplies Expense 1,500
Depreciation Expense 200
Net income

Jurczyk Distributing
Retained earnings statement
For the Month Ended December 31,2020
Retained Earnings, December 1
Add:Net Income

Less:Dividen
Retained Earnings, December 31

Jurczyk Distrib
Statement of financi
For the Month Ended De
Assets
Property, Plant and Equipment
Equipment
Less:Accumulated Depreciation-Equipment

Current assets :
Supplies
Inventory
Accounts Receivable
Cash
Total assets

Equity and Liabilities

Equity :
Share Capital-Ordinary
Retained Earnings

Current liabilities :
Salaries and Wages Payable
Account Payable
Total Equity and Liabilities :
 1,000
600
Cash
2,100
Accounts Receivable
6,600
Sales Revenue
4,100
Inventory
9,000
Accounts Payable
2,000
Cash
12,000
Sales Revenue
8,400
Inventory
1,800
Cash
9,000
Cash
Inventory (9,000 x 0,02)
11,640
360
Accounts Receivable
 800
Salaries and Wages Payable
200
Accumulated Depreciation-Equipment
1,500
Supplies (3,200-1,700)

Jurczyk Distributing
Adjusted trial balance
December 31,2020
Debit Credit
€ 13,320
2,500
8,320
1,700
22,000
€ 2,400
4,500
800
30,000
9,300
18,600
360
12,500
200
3,200
1,500
€ 65,600 € 65,600
1,2020

€ 18,600
360
18,240
12,500
5,740

4,900
€ 840

1,2020
€ 9,300
840

0
€ 10,140

Jurczyk Distributing
Statement of financial possition
he Month Ended December 31,2020

€ 22,000
2,400 € 19,600

1,700
8,320
2,500
 13,320 25,840
€ 45,440

€ 30,000
10,140 € 40,140

800
4,500 5,300
€ 45,440
 b) General Ledger
Cash
1,600 Dec. 1 Bal. 7,200 Dec. 6 1,600
Dec. 8 2,100 Dec. 15 2,000
2,100 Dec. 10 6,600 Dec. 20 1,800
Dec. 27 11,640 Dec. 23 8,820
6,600 Dec. 31 Bal. 13,320

4,100
Supplies
9,000 Dec. 1 Bal. 1,200 Dec. 31 1,500
Dec. 15 2,000
2,000 Dec. 31 Bal. 1,700

12,000
Accumulated Depr. - Equipment
8,400 Dec. 1 Bal. 2,200
Dec. 31 200
1,800 Dec. 31 Bal. 2,400

8,820
180 Accounts Payable
Dec. 23 9,000 Dec. 1 Bal. 4,500
Dec. 13 9,000
12,000 Dec. 31 Bal. 4,500

Sales Revenue
Dec.10 6,600
Dec. 18 12,000
Dec. 31 Bal. 18,600

Supplies Expense
Dec. 31 1,500
Dec. 31 Bal. 1,500

Retained Earnings
Dec.1 Bal. 9,300
 Dec.31 Bal. 9,300

Salaries and Wages Expense

Dec. 6 600
Dec. 20 1,800
Dec. 31 800
Dec. 31 Bal. 3,200

800

200

1,500
neral Ledger
Equipment
Dec. 1 Bal. 22,000
Dec. 31 Bal. 22,000

Accounts Receivable
Dec. 1 Bal. 4,600 Dec. 8 2,100
Dec. 18 12,000 Dec. 27 12,000
Dec. 31 Bal. 2,500

Inventory
Dec. 1 Bal. 12,000 Dec. 10 4,100
Dec. 13 9,000 Dec. 18 8,400
Dec. 23 180
Dec. 31 Bal. 8,320

Salaries and Wages Payable

Dec.6 1,000 Dec. 1 Bal. 1,000
Dec. 31 800
Dec. 31 Bal. 800

Sales Discounts
Dec. 27 360
Dec. 31 Bal. 360

Cost of Goods Sold

Dec. 10 4,100
Dec. 18 8,400
Dec. 31 Bal. 12,500

Share Capital-Ordinary
Dec. 1 Bal. 30,000
 Dec. 31 Bal. 30,000

Depreciation Expense
Dec. 31 200
Dec. 31 Bal. 200