Nama: Amalia Karisma NPM: 120510180016 Prodi: Bisnis Digital

E4.2 The adjusted trial balance columns of the worksheet for Savaglia Company are as follows.
Complete the worksheet.
E4.4 Worksheet data for Savaglia Company are presented in E4-2.
(a) Journalize the closing entries at April 30.
(b) Post the closing entries to Income Summary and Owner’s Capital. Use T-accounts.
(c) Prepare a post-closing trial balance at April 30.

SAVAGLIA COMPANY
Worksheet
For the Month Ended April 30, 2017
Adjusted Trial Income
Balance Sheet
Account Titles Balance Statement
Dr. Cr. Dr. Cr. Dr. Cr.
Cash 10,000 10,000
Accounts Receivable 7,840 7,840
Prepaid Rent 2,280 2,280
Equipment 23,050 23,050
Accumulated Depreciation—Equip. 4,900 4,900
Notes Payable 5,700 5,700
Accounts Payable 4,920 4,920
Owner’s Capital 27,960 27,960
Owner’s Drawings 3,650 3,650
Service Revenue 15,590 15,590
Salaries and Wages Expense 10,840 10,840
Rent Expense 760 760
Depreciation Expense 650 650
Interest Expense 57 57
Interest Payable 57 57
Totals 59,127 59,127 12,307 15,590 46,820 43,537
Net Income 3,283 3,283
Totals 15,590 15,590 46,820 46,820
 SAVAGLIA COMPANY Service Revenue 400
For the Month Ended April 30, 2017 (1) 15,590 15,590
GENERAL JOURNAL
Date Account Titles and Explanation Ref. Debit Credit
Closing Entries Salaries and
2017 (1) Wages Expense 726
April 30 Service Revenue 400 15,590 10,840 (2) 10,840
Income Summary 350 15,590
(2)
30 Income Summary 350 12,307 Rent Expense 729
Salaries and Wages Expense 726 10,840 760 (2) 760
Rent Expense 729 760
Depreciation Expense 711 650
Interest Expense 905 57 Depreciation
(3) Expense 711
30 Income Summary 350 3,283 650 (2) 650
Owner's Capital 301 3,283
(4)
Owner's Capital 301 3,650 Interest Expense 905
Owner’s Drawings 306 3,650 57 (2) 57

Income Summary 350 Owner's Capital 301 Owner’s

(2) 12,307 (1) 15,590 (4) 3,650 27,960 Drawings 306
(3) 3,283 (3) 3,283 3,650 (4) 3,650
Bal. 27,593
 SAVAGLIA COMPANY
Post-closing Trial Balance
For the Month Ended April 30, 2017
Debit Credit
Cash 10,000
Accounts Receivable 7,840
Prepaid Rent 2,280
Equipment 23,050
Accumulated Depreciation—Equip. 4,900
Notes Payable 5,700
Accounts Payable 4,920
Interest Payable 57
Owner’s Capital 27,960
43,170 43,537

E4.5 The adjustments columns of the worksheet for Becker Company are shown below.
(a) Prepare the adjusting entries.
(b) Assuming the adjusted trial balance amount for each account is normal, indicate the financial statement column to which each balance
should be extended.
Adjustments
Account Titles
Debit Credit
Accounts Receivable 1,100
Prepaid Insurance 300
Accumulated Depreciation—Equip. 900
Salaries and Wages Payable 500
Service Revenue 1,100
Salaries and Wages Expense 500
Insurance Expense 300
Depreciation Expense 900
2,800 2,800
 BECKER COMPANY
GENERAL JOURNAL
Account Titles and Explanation Ref. Debit Credit
Adjusting Entries

Insurance Expense 722 300

Prepaid Insurance 130 300

Depreciation Expense 711 900

Accumulated Depreciation—Equip. 158 900

Accounts Receivable 112 1,100

Service Revenue 400 1,100

Salaries and Wages Expense 726 500

Salaries and Wages Payable 212 500

Income Statement of
Account Titles Statement Financial Position
Debit Credit Debit Credit
Accounts Receivable X
Prepaid Insurance X
Accumulated Depreciation—Equip. X
Salaries and Wages Payable X
Service Revenue X
Salaries and Wages Expense X
Insurance Expense X
Depreciation Expense X
E4.11 Selected accounts for Tamora’s Salon are presented below. All June 30 postings are from closing entries.
(a) Prepare the closing entries that were made.
(b) Post the closing entries to Income Summary.

Salaries and Wages Expense Service Revenue Owner’s Capital

6/10 3,200 6/30 8,800 6/30 18,100 6/15 9,700 6/30 2,100 6/1 12,000
6/28 5,600 6/24 8,400 6/30 5,000
Bal. 14,900

Supplies Expense Rent Expense Owner’s Drawings

6/12 600 6/30 1,300 6/1 3,000 6/30 3,000 6/13 1,000 6/30 2,100
6/24 700 6/25 1,100

TAMORA'S SALON
For the Month Ended June 30
GENERAL JOURNAL Income Summary 350
Date Account Titles and Explanation Ref. Debit Credit 6/30 13,100 6/30 18,100
Closing Entries 6/30 5,000
June 30 Service Revenue 400 18,100
Income Summary 350 18,100
30 Income Summary 350 13,100
Supplies Expense 631 1,300
Salaries and Wages Expense 726 8,800
Rent Expense 729 3,000
30 Income Summary 350 5,000
Owner’s Capital 301 5,000
30 Owner's Capital 301 2,100
Owner’s Drawings 306 2,100
E4.12 Noah Bahr Company discovered the following errors made in January 2017.
1. A payment of Salaries and Wages Expense of $700 was debited to Equipment and credited to Cash, both for $700.
2. A collection of $1,000 from a client on account was debited to Cash $100 and credited to Service Revenue $100.
3. The purchase of equipment on account for $760 was debited to Equipment $670 and credited to Accounts Payable $670.
(a) Correct the errors by reversing the incorrect entry and preparing the correct entry.
(b) Correct the errors without reversing the incorrect entry.

Incorrect Entry (January 2017) Correct Entry (January 2017)

Cash $ 700 Equipment $ 700
Salaries and Wages Expense $ 700 Cash $ 700
Collection $ 1,000 Cash $ 100
Cash $ 1,000 Service Revenue $ 100
Account Payable $ 760 Equipment $ 670
Equipment $ 760 Account Payable $ 670

Correct Entry (January 2017)

Equipment 700
Salaries and Wages Expense 700
Collection 1000
Cash 900
Service Revenue 100
Account Payable 90
Equipment 90