Account .Debit .Credit Cash.3700 Accounts receivable.

Account ………………………………………Debit …………..Credit

Cash…………………………………………….3700

Accounts receivable……………………..3500

Prepaid rent ………………………………..1700

Supplies ……………………………………..3600

Equipment………………………………… 32400

Accumulated depreciation…………………………………. 1700

Accounts Payable ………………………………………………..5400

Salary payable

Common Stock………………………………………………….. 15900

Retained earnings………………………………………………. 18500

Dividends …………………………………..2200

Service revenue …………………………………………………..8400

Depreciation expense

Salary expense…………………………. 2300

Rent expense

Utilites expense …………………………500

Supplies expense

Total

Additional info

a.accrues service revenue 400

b.depreciation 700

c.accrued salary expense 500

d.prepaid rent expired 500

e.supplies used 300

12. The trial balance of Data Link, Inc., at September 30, follows:

Additional information at September 30, 2011:

Requirements

R1. Complete Data Link’s work sheet for the month ended September 30, 2011.

R2. How much was net income for September?

13. Use your answer from problem #12.

Requirement

R1. Journalize Data Link’s adjusting and closing entries at September 30, 2011.

14. Consider the entries prepared in problem #13.

Requirements

R1. Set up T-accounts for those accounts affected by the adjusting and closing entries in problem #13

R2. Post the adjusting and closing entries to the accounts; denote adjustment amounts by Adj,

closing amounts by Clo, and balances by Bal. Double underline the accounts with zero balances

after you close them, and show the ending balance in each account.

12 R1 Trial BalanceDebitCashAccount ReceivablePrepaid RentSuppliesEquipmentAccumulated DepreciationAccount PayableSalary PayableCommon StockRetained EarningDividendsService Revenue…