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CP 11 Bug-Off Exterminators provides pest control services and sells extermination products manufactured by other companies. The following six-column table contains the company's unadjusted trial balance as of December 31, 2015. Cash Accounts receivable Allowance for doubtful accounts Merchandise Inventory Trucks Accum depreciation-Trucks Equipment Accum depreciation Equipmenc Accounts payable.. Estimated warranty liability. Unearned services revenue Interest payable.... Long-term notes payable D. Buggs, Capital. D. Buggs. Withdrawals Extermination services revenue Interest revenue Sales (of merchandise) Cost of goods sold Depreciation expense--Trucks Depreciation expense-Equipment Wages expense Interest expense Renc expense Bad debts expense Miscellaneous expense... Repairs expenses Utilities expenseno Warranty expenser Totals BUG-OFF EXTERMINATORS December 31, 2015 Unadjusted Trial Balance $ 17,000 4.000 11.700 32,000 45,000 10.000 46.300 0 0 35,000 0 9,000 $ 828 12.200 5.000 1.400 0 Cash balance per bank Cash balance per books Outstanding checks Deposit in transit Interest earned (on bank account). Bank service charges (muscellaneous expense) 15,000 59,700 60,000 872 71,026 1,226 8,000 6,800 0 $226.026 $226,026 Adjustments The following information in a through h applies to the company at the end of the current year. d. The bank reconciliation as of December 31, 2015, includes the following facts. $15,100 17.000 Adjusted Trial Balance 1.800 2.450 52 15 CP сранан -496 O

CP 11 Bug-Off Exterminators provides pest control services and sells extermination products manufactured by other companies. The following six-column table contains the company's unadjusted trial balance as of December 31, 2015. Cash Accounts receivable Allowance for doubtful accounts Merchandise Inventory Trucks Accum depreciation-Trucks Equipment Accum depreciation Equipmenc Accounts payable.. Estimated warranty liability. Unearned services revenue Interest payable.... Long-term notes payable D. Buggs, Capital. D. Buggs. Withdrawals Extermination services revenue Interest revenue Sales (of merchandise) Cost of goods sold Depreciation expense--Trucks Depreciation expense-Equipment Wages expense Interest expense Renc expense Bad debts expense Miscellaneous expense... Repairs expenses Utilities expenseno Warranty expenser Totals BUG-OFF EXTERMINATORS December 31, 2015 Unadjusted Trial Balance $ 17,000 4.000 11.700 32,000 45,000 10.000 46.300 0 0 35,000 0 9,000 $ 828 12.200 5.000 1.400 0 Cash balance per bank Cash balance per books Outstanding checks Deposit in transit Interest earned (on bank account). Bank service charges (muscellaneous expense) 15,000 59,700 60,000 872 71,026 1,226 8,000 6,800 0 $226.026 $226,026 Adjustments The following information in a through h applies to the company at the end of the current year. d. The bank reconciliation as of December 31, 2015, includes the following facts. $15,100 17.000 Adjusted Trial Balance 1.800 2.450 52 15 CP сранан -496 O

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 37E: Analyzing the Accounts Casey Company uses a perpetual inventory system and engaged in the following...
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Bug-Off Exterminators CP 11 Bug-Off Exterminators provides pest control services and sells extermination products manufactured by other companies. The following six-column table contains the company's unadjusted trial balance as of December 31, 2015. Cash. Accounts receivable Allowance for doubtful accounts Merchandise inventory Trucks Accum depreciation-Trucks Equipment Accum depreciation-Equipmenc Accounts payable. Estimated warranty liability. Unearned services revenue Interest payable Long-term notes payable D. Buggs. Capital.. D. Buggs. Withdrawals Extermination services revenue Interest revenue Sales (of merchandise) Cost of goods sold Depreciation expense--Trucks Depreciation expense-Equipment Wages expense Interest expense. Renc expense Bad debts expense Miscellaneous expense Repairs expense. Utilities expense Warranty expense Totals BUG-OFF EXTERMINATORS December 31, 2015 Unadjusted Trial Balance $ 17,000 4.000 11.700 32.000 45,000 10.000 46.300 0 0 35,000 0 0 $ 828 12.200 5.000 1.400 Cash balance per bank Cash balance per books Outstanding checks Deposit in transit Interest earned (on bank account) Bank service charges (muscellaneous expense) 0 0 15.000 59,700 60,000 872 71,026 1,226 8,000 6,800 0 $226,026 $226,026 Adjustments The following information in a through h applies to the company at the end of the current year. d. The bank reconciliation as of December 31, 2015, includes the following facts. $15,100 17.000 1.800 2,450 Adjusted Trial Balance 52 15 CP сранан →496 O
Transcribed Image Text:Bug-Off Exterminators CP 11 Bug-Off Exterminators provides pest control services and sells extermination products manufactured by other companies. The following six-column table contains the company's unadjusted trial balance as of December 31, 2015. Cash. Accounts receivable Allowance for doubtful accounts Merchandise inventory Trucks Accum depreciation-Trucks Equipment Accum depreciation-Equipmenc Accounts payable. Estimated warranty liability. Unearned services revenue Interest payable Long-term notes payable D. Buggs. Capital.. D. Buggs. Withdrawals Extermination services revenue Interest revenue Sales (of merchandise) Cost of goods sold Depreciation expense--Trucks Depreciation expense-Equipment Wages expense Interest expense. Renc expense Bad debts expense Miscellaneous expense Repairs expense. Utilities expense Warranty expense Totals BUG-OFF EXTERMINATORS December 31, 2015 Unadjusted Trial Balance $ 17,000 4.000 11.700 32.000 45,000 10.000 46.300 0 0 35,000 0 0 $ 828 12.200 5.000 1.400 Cash balance per bank Cash balance per books Outstanding checks Deposit in transit Interest earned (on bank account) Bank service charges (muscellaneous expense) 0 0 15.000 59,700 60,000 872 71,026 1,226 8,000 6,800 0 $226,026 $226,026 Adjustments The following information in a through h applies to the company at the end of the current year. d. The bank reconciliation as of December 31, 2015, includes the following facts. $15,100 17.000 1.800 2,450 Adjusted Trial Balance 52 15 CP сранан →496 O
Reported on the bank statement is a canceled check that the company failed to record. (Information from the bank reconciliation allows you to determine the amount of this check, which is a payment on an account payable.)
Transcribed Image Text:Reported on the bank statement is a canceled check that the company failed to record. (Information from the bank reconciliation allows you to determine the amount of this check, which is a payment on an account payable.)
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