Accounting I need SOME help PLEASE!!!!!!!!!!!?

Unadjusted Trial Balance


November 30, 2011


Debits Credits


Cash $51,610


Office supplies 450


Moving supplies 8,700


Prepaid insurance 7,475


Trucks 350,000


Accumulated depreciation, trucks $200,000


Building 185,000


Accumulated depreciation, building 29,120


Accounts payable 2,350


Interest payable -0-


Wages payable -0-


Unearned storage fees 700


Long-term notes payable 245,000


Mason Kidd, capital 42,205


Mason Kidd, withdrawals 26,500


Moving fees earned 179,600


Storage fees earned 26,750


Depreciation expense, building -0-


Depreciation expense, trucks -0-


Wages expense 41,700


Interest expense -0-


Insurance expense -0-


Office supplies expense -0-


Moving supplies expense -0-


Advertising expense 5,900


Gas, oil, and repairs expense 31,510


General and administrative expenses 16,880


Income summary _______ ____-0-


$725,725 $725,725








The following transactions occurred during the month of December, 2011:


Dec.


2 Received $180 as advance payments on storage rental.


5 Paid accounts payable if $720


6 Paid insurance premiums of $8,100 in advance.


7 Deposited $8,700 of moving fee receipts.


10 Purchased $1,560 of moving supplies on credit.


12 Acquired additional truck worth $56,000 by paying $6,000 cash and giving a lon-term note payable for the balance.


14 Paid wages of $2,700 for the period December 1-14.


17 Purchased $140 of office supplies on credit.


21 Deposited $6,260 from moving fees receipts and $1,600 from storage fee receipts.


24 Paid $860 for repairs to truck for damage sustained in an accident.


28 Paid wages of $2,850 for the period December 15-28.


30 Paid $900 to a magazine for advertisements that appeared in December.


31 Deposited $4,700 from moving fee receipts and $800 from storage fee receipts.





Required:


1. Journalize and post to the general ledger accounts the December transactions previously listed.


2. Prepare an unadjusted trial Balance. (Check figure below.)


3. Journalize adjusting entries for the following items and post them to the general ledger accounts:


a. Unpaid wages were $610 as of December 31.


b. The December 31 office supplies inventory was $180.


c. The moving supplies inventory was $4,530 on December 31.


d. The unexpired portion of the prepaid insurance was $9,475 as of December 31.


e. Depreciation for the year on the trucks was $50,350.


f. Depreciation for the year on the building was $7,400.


g. Unearned storage fees balance at December 31 was $650.


h. Kidd had withdrawn $1,600 cash on December 30, but he had not taken the time to record it.


i. Interest expense on the notes payable for 2011 was $24,700.


4. Prepare an adjusted trial balance. (Check figure below.)


5. Prepare an income statement and a statement of changes in owner鈥檚 equity for the year ended December 31, 2011, and a December 31, 2011, classified balance sheet. (Check figure below.)


6. Journalize and post the closing entries to the general ledger accounts.


7. Prepare a post-closing trial balance. (Check figure below.)





DATE ACCOUNT TITLES AND EXPLANATION DEBIT CREDIT





Record Transactions, Adjusting Entries, Closing Entries in this journal


DATE ACCOUNT TITLES AND EXPLANATION DEBIT CREDIT





Record Transactions, Adjusting Entries, Closing Entries in this journal











12/2


Unearned Storage fees debit-180


Storage fees earned credit-180





12/5 Account payable DB -720


Cash CR-720





12/6 Prepaid-insurance DB-8,100


Cash CR 8,100





12/7 Cash DB-8,700


Moving fees earned CR 8,700





12/10 Moving Supplies DB 1,560


Account Payable CR 1,560





12/12 Truck DB -56,000


Cash CR-6,000


Long term Note Payable CR-50,000





14/12 Wages Expense DB-2,700


Cash CR-2,700





12/17 Office Supplies DB-140


Account Payable CR-140





12/21 Cash DB-7,820


Moving fees earned CR-6,260


Storage fee earned CR-1,600





12/24 Repair Expense DB-860


Cash CR-860





28/12 Wages Expense DB-2,850


Wages payable CR-2,850





12/30 Advertisement Expense DB-900


Cash CR-900





12/31 Cash DB-5,500


Service Revenue CR-5,500





a Wages Expense DB 610


Wages Payable CR 610





B Office Supplies expense DB 410


Offices Supplies CR 410





C Moving supplies expense DB 5670


Moving supplies CR 5670





D Cash DB 6,100


Prepaid Insurance CR- 6,100





E Depreciation expense-truck DB-50,350


Accumulated Depreciation-truck CR-50,350





F Depreciation expense-Building DB-7,400


Accumulated Depreciation-Building CR-7,400


G Store fees earned DB-130


Unearned storage fees CR-130


H No record





I Interest expense DB- 24,700





Interest Payable CR-24,700


Kidd Gloves Moving and Storage














MY QUESTION THE ANUDJ. TRIAL BALANCE IS $798,945, BUT I GOT $804,315. WHAT I AM DOING WRONG|||These are some mistakes I found on your adjustments. When I ran the numbers, the trial balance before adjustments (a - i) does come out to 798,945.



2 Received $180 as advance payments on storage rental.

Dr Cash 180

Cr Unearned Storage Fees 180



21 Deposited $6,260 from moving fees receipts and $1,600 from storage fee receipts.

Dr Cash 7,860

Cr Moving Fees Earned 6,260

Cr Storage Fees Earned 1,600



31 Deposited $4,700 from moving fee receipts and $800 from storage fee receipts.

Dr Cash 5,500

Cr Moving Fees Earned 4,700

Cr Storage Fees Earned 800



c. The moving supplies inventory was $4,530 on December 31.

Dr Moving Supplies Expense 5,730

Cr Moving Suplies 5,730



d. The unexpired portion of the prepaid insurance was $9,475 as of December 31.

Dr Insurance Expense 6,100

Cr Prepaid Insurance 6,100



g. Unearned storage fees balance at December 31 was $650.

Dr Unearned Storage Fees 230

Cr Storage Fees Earned 230



h. Kidd had withdrawn $1,600 cash on December 30, but he had not taken the time to record it.

Dr Mason Kidd, Withdrawals 1,600

Cr Cash 1,600