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    Cajon Company

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    Cajon Company

    Name: Date:
    Instructor: Course:
    Financial Accounting, 5th Edition, by Weygandt, Kieso, and Kimmel
    Solving Financial Accounting Problems Using Microsoft Excel for Windows by Rex A Schildhouse
    Exercises E4-1, E4-2, and E4-3, The adjusted trial balance columns of the work sheet for Cajon Company are as follows:
    CAJON COMPANY
    Work Sheet (Partial)
    For the Month Ended April 30, 2006
    Adjusted Trial Balance Income Statement Balance Sheet
    Debit Credit Debit Credit Debit Credit
    Cash $14,752 $14,752
    Accounts Receivable 7,840 7,840
    Prepaid Rent 2,280 2,280
    Equipment 23,050 23,050
    Accum Dep - Equip $4,921 4,921
    Notes Payable 5,700 5,700
    Accounts Payable 5,672 5,672
    Common Stock 25,000 25,000
    Retained Earnings 8,960 8,960
    Dividends 3,650 3,650
    Service Revenue 12,590 $12,590
    Salaries Expense 9,840 $9,840
    Rent Expense 760 $760
    Depreciation Expense 671 $671
    Interest Expense 57 $57 ...

    Solution Summary

    This solution is comprised of a detailed explanation to prepare an income statement from the data, a retained earnings statement, balance sheet, and post-closing trial balance.

    $2.19