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Problem 5-3B

Account
Cash
Supplies
Prepaid insurance
Equipment

2.
Boomer Demolition Company
Balance Sheet
For Year Ended
Adjusted
Balance Sheet &
Unadjusted
Trial Income Statement Statement of
Adjustments
Trial Balance
Balance
Owner's Equity
Debit
Credit
Debit Credit Debit Credit Debit
Credit Debit Credit
9,000
18,000
14,600
140,000

Accumulated amortization, equipment
Accounts payable
Interest payable
Rent payable
Wages payable
Business taxes payable
Long-term notes payable
Rusty Boomer, capital
Rusty Boomer, withdrawals
Demolition fees earned
Amortization expense, equipment
Wages expense
Interest expesne
Insurance expense
Rent expense
Supplies expense
Business taxes expense

51,400
2,200
48,800
8,400

Repairs expense
Utilities expense

6,700
16,800

4. Analysis of potential errors.

10,000
16,000
90,000
66,900
4,000
137,000

3.

General Journal
Date
Accounts and explanation
Sept. 30

PR

Debit

Credit

4.
Analysis component:

Boomer Demolition Company
Income Statement
For the Year