Proposed-Adjusting-Journal-Entries.xlsx

GRACE CORPOR Proposed Adjusting Journal Entry December 31, 2004 WP Ref

ACCOUNT TITLE

Advances to employees Cash Short and Over To record advances to employees Cash Short and Over Pey Cash Fund To record record shortage shortage between between pey cash balance balance and actual coins a Miscellaneous Expense Cash in Bank To record service charge by the bank Cash in Bank Discount on otes Paya!le otes Paya!le To record proceeds of note discounted at 12% Cash in Bank "oss on Discount otes #eceiva!le To record the proceeds of note collected by the bank less service ch Cash in Bank Accounts #eceiva!le To record undeposited checks

Marketa!le Securi$es %ain on Sale o& Marketa!le To record gain on holding holdin g marketable securies. securie s. Marketa!le Securi$es %ain on Sale o& Marketa!le Marketa!le Securi$es To record gain on sale of securies. 'nvestment in (ime Deposits Marketa!le Securi$es To record Investment in me deposits. deposits .

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Marketa!le Securi$es %ain on )oldin* o& Marketa!le Securi$es To record gain on holding marketable securies in !"T c Marketa!le Securi$es %ain on )oldin* o& Marketa!le Securi$es To reco record rd gain gain on hold holdin ing g mark market etab able le secu securi rie ess in #an #an $i "oss on )oldin* Marketa!le Marketa!le Securi$es Marketa!le Securi$es To record loss in holding marketable securies securi es in hile "oss on )oldin* Marketa!le Marketa!le Securi$es Marketa!le Securi$es To record loss in holding marketable marketable securies in &mico. Sales Accounts #eceiva!le 'd(usng T) balance to e*ual total balance per subsidiary ledger Cash Accounts #eceiva!le +ollecon of accounts receivable per &, - 11 Accounts #eceiva!le Output Outp ut (ax

Sales

,ecording of sales per sales invoice - 12/0 Cash Accounts #eceiva!le +ollecon of accounts receivable per &, - 11 Accounts #eceiva!le Output Outp ut (ax

Sales

,ecording of of sales per sales invoice - 12/ Cash Accounts #eceiva!le +ollecon of accounts receivable per &, - 123





Accounts #eceiva!le Output Outp ut (ax

Sales

,ecording of sales per sales invoice - 12// Cash Accounts #eceiva!le +ollecon of accounts receivable per &, - 121 Cash Accounts #eceiva!le +ollecon of accounts receivable per &, - 122 Sales Output (ax Sales Discount +ustomer +redit )alance Accounts #eceiva!le

Sales Output Outp ut (ax

Allo+ance &or Dou!,ul Accounts Bad De!ts Expense To correct the balance of the allowance account Accrued 'nterest #eceiva!le 'nterest 'ncome To +orrect the )alance of Interest ,eceivable 'nput -A(

'nventory

Purchases 'nput -A( Acounts Paya!le.%enius Paper Products To record the unrecorded purchase Purchases 'nput -A( -A( Acounts Paya!le . Ar!oleda Company





Cost o& %oods Sold 'nventory To record unrecorded sales made to "ynasty +onstrucon Cost o& %oods Sold

'nventory

To record unrecorded sales made to "ynasty +onstrucon

#etained Earnin*s Deprecia$on Expense Accumulated Deprecia$on To correct correct depreciao depreciaon n recorded recorded for )uilding )uilding for th #etained Earnin*s Accumulated Deprecia$on To correct depreciaon depreci aon recorded for 6urniture and Accumulated Deprecia$on Deprecia$on Expense To correct depreciaon recorded for Transportao #etained Earnin*s Deprecia$on Expense Accumulated Deprecia$on





TION

DEBIT

CREDIT

/0122322 /0122322

/45322 /45322 d currencies /0622322 /0622322

704220222322 /08220222322 8202220222322

9420222322 820222322 6220222322

arge 808::0452322 808::0452322

6220222322 6220222322

808:20222322 808:20222322





:850222322 :850222322 mpany. 120222322 120222322

guel. 7220222322 7220222322 ining. 807180222322 807180222322

8510:55322 8510:55322

9190222322 9190222322

8560662322 860262322 8620622322

8560662322 8560662322

8150/62322 8504:831/ 8540:81381

8150/62322 8150/62322







/:/0222322 /80242348 /820424324

4:0762322 4:0762322

/290976322 /290976322

80:5:359 8:53:5 90264362 60664362 88322 82322 8322 :6:02523:: :6:02523::

520:24379 520:24379

780598399 780598399





8/60522322 8/60522322

8520222322 8520222322

/760222322 /0221092:3:5 /0/1:092:3:5 e current and prior periods. /820622322 /820622322 6iture for the prior periods. 5220222322 5220222322 5*uipment for the current and prior periods. 8760985357 60222322 8720985357

Proposed-Adjusting-Journal-Entries.xlsx

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