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Jun18 TB Company X 10/11/19 Trial Balance 11":"15 AM 1/1/2018 - 6/30/2018 Account Account Description Beginning Bal. Debits Credits Balance 1000 Cash - Checking - UNITED - 1124...

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Jun18 TB
                        Company X
    10/11/19                    Trial Balance
    11":"15 AM                    1/1/2018    -    6/30/2018
    Account            Account Description            Beginning Bal.    Debits    Credits    Balance
    1000    Cash - Checking - UNITED - 1124                    789,645.11    4,589,877.12    (4,650,534.18)    728,988.05
    1001    Cash - Checking - PNC - 5291                    80,856.12    0.00    (170.00)    80,686.12
    1005    Cash - Payroll - VCB - 5009                    (343.60)    3,883.66    (2,751.93)    788.13
    1010    Cash - Savings - UNITED - 1371                    250,436.27    520.48    0.00    250,956.75
    1011    Cash - Savings - PNC - 5516                    30,660.93    15.94    (45.00)    30,631.87
    1050    Cash - Certificate of Deposit                    (0.00)    0.00    0.00    (0.00)
    1200    Accounts receivable - trade                    1,357,693.19    5,048,841.03    (4,470,100.33)    1,936,433.89
    1260    Accounts receivable - miscellaneous                    (0.00)    0.00    0.00    (0.00)
    1400    Prepaid - employee advances                    582.30    7,230.00    (4,825.00)    2,987.30
    1410    Prepaid - rent                    4,739.25    28,450.25    (28,450.25)    4,739.25
    1430    Prepaid - insurance                    7,092.81    5,018.00    (7,003.81)    5,107.00
    1490    Prepaid - miscellaneous                    120.23    1,173.97    (579.65)    714.55
    1650    Fixed asset - furniture and fixtures                    15,337.36    0.00    0.00    15,337.36
    1660    Fixed asset - office equipment                    13,877.34    0.00    0.00    13,877.34
    1670    Fixed asset - computer equipment                    87,642.04    6,145.55    0.00    93,787.59
    1675    Fixed asset - computer software                    10,534.22    0.00    0.00    10,534.22
    1775    Accumulated Depreciation                    (119,153.00)    0.00    (2,400.00)    (121,553.00)
    1910    Security deposits                    7,035.25    0.00    0.00    7,035.25
    2100    Accounts payable - trade                    (487,874.43)    3,838,871.49    (3,850,400.18)    (499,403.12)
    2105    Credit Card - Capital One (MKW)                    (1,070.27)    32,705.15    (39,672.78)    (8,037.90)
    2106    Credit Card - Capital One (HGL)                    (993.16)    29,012.14    (30,715.27)    (2,696.29)
    2120    Accounts payable - related party                    (935.88)    271,082.38    (270,456.22)    (309.72)
    2170    Accounts payable - subcontract/consult                    0.01    0.00    0.00    0.01
    2200    Salaries payable                    2.76    2,038,133.77    (2,038,133.52)    3.02
    2210    Wages payable (Part Time)                    0.00    0.00    0.00    0.00
    2250    Accrued Crew Premium                    0.00    0.00    0.00    0.00
    2300    FICA tax payable                    0.01    0.00    0.00    0.01
    2370    Pension plan withheld                    (25,152.76)    339,588.76    (344,451.32)    (30,015.32)
    2390    Payroll taxes / withholdings - misc.                    (2,170.07)    1,751.06    0.00    (419.01)
    2400    Accrued PTO                    (123,022.25)    11,452.07    (30,283.60)    (141,853.78)
    2440    Accrued defe
ed salaries                    (35,601.73)    0.00    0.00    (35,601.73)
    2445    Accrued defe
ed salaries - paid                    35,601.73    0.00    0.00    35,601.73
    2470    Accrued pension plan payable-empl match                    0.05    0.00    0.00    0.05
    2475    Accrued pension plan / profit share                    (187,825.33)    187,925.31    (142,669.37)    (142,569.39)
    2920    Defe
ed Compensation                    0.00    54.76    (54.76)    0.00
    3100    Common stock                    (6,000.00)    0.00    0.00    (6,000.00)
    3400    Retained earnings                    (3,975,574.51)    0.00    0.00    (3,975,574.51)
    3700    Dividends / distributions                    2,273,860.00    275,526.00    0.00    2,549,386.00
    4100105    Non GSA government contract revenue                    0.00    0.00    (4,452,922.03)    (4,452,922.03)
    4100125    Non GSA government contract revenue - CO                    0.00    0.00    (175,772.18)    (175,772.18)
    4100135    Non GSA government contract revenue - NM                    0.00    0.00    (190,028.65)    (190,028.65)
    4150105    Non GSA government contract fee revenue                    0.00    0.00    (230,118.14)    (230,118.14)
    4300000    Interest revenue                    0.00    0.00    (603.95)    (603.95)
    4900000    Other revenue                    0.00    0.00    (1,100.00)    (1,100.00)
    5000105    Direct labor                    0.00    1,293,961.16    0.00    1,293,961.16
    5000125    Direct labor - CO                    0.00    85,250.26    0.00    85,250.26
    5000135    Direct labor - NM                    0.00    94,606.42    0.00    94,606.42
    5200105    Direct consultant labor                    0.00    73,588.35    0.00    73,588.35
    5300105    Direct subcontracts - Labor                    0.00    1,227,156.03    0.00    1,227,156.03
    5610105    Direct travel with G & A                    0.00    136,857.72    (395.43)    136,462.29
    5610125    Direct travel with G & A - CO                    0.00    3,595.73    0.00    3,595.73
    5610135    Direct travel with G & A - NM                    0.00    8,727.91    0.00    8,727.91
    6100000    Paid Time Off (PTO)                    0.00    186,457.17    (11,452.07)    175,005.10
    6110000    Comp Time                    0.00    3,606.57    0.00    3,606.57
    6120000    Sick leave                    0.00    24,737.86    0.00    24,737.86
    6200000    Bonus                    0.00    10,000.00    0.00    10,000.00
    6300000    Pension plan - 401k match                    0.00    142,288.81    0.00    142,288.81
    6310000    Pension plan - Profit Share                    0.00    142,669.37    0.00    142,669.37
    6400000    UHC/Guardian Insurance                    0.00    9,895.98    (92.43)    9,803.55
    6440000    Insurance - workmans' compensation                    0.00    1,642.50    0.00    1,642.50
    6450000    Cash in Lieu of Benefits                    0.00    41,835.12    0.00    41,835.12
    6700000    Education reimbursement                    0.00    3,000.00    (546.44)    2,453.56
    6900000    Miscellaneous fringe benefits                    0.00    269,596.07    0.00    269,596.07
    6910000    Commuter Benefits                    0.00    4,091.45    0.00    4,091.45
    7300000    Rent / Mortgage                    0.00    37,682.45    0.00    37,682.45
    7400000    Telephone expense                    0.00    2,052.14    (126.00)    1,926.14
    7405000    Telephone expense - mobile / pager / BB                    0.00    7,471.30    (497.94)    6,973.36
    7410000    Internet access                    0.00    2,521.48    (0.02)    2,521.46
    7420000    Postage                    0.00    550.45    (0.14)    550.31
    7440000    Office supplies                    0.00    4,190.41    (69.80)    4,120.61
    7450000    Furniture / rental / repair                    0.00    283.49    0.00    283.49
    7460000    Office equipment / rental / repair                    0.00    199.49    0.00    199.49
    7470000    Computer supplies / repair / software                    0.00    5,618.89    0.00    5,618.89
    7590000    Depreciation - other                    0.00    2,400.00    0.00    2,400.00
    8000100    Overhead labor                    0.00    96,514.30    0.00    96,514.30
    8000105    Overhead labor                    0.00    29,297.68    0.00    29,297.68
    8000125    Overhead labor - CO                    0.00    88.18    0.00    88.18
    8600105    Travel                    0.00    138.27    0.00    138.27
    8605100    Local travel - Overhead                    0.00    254.36    0.00    254.36
    8605105    Local Travel - Overhead                    0.00    233.07    0.00    233.07
    8660105    Business Meetings - Overhead                    0.00    143.95    0.00    143.95
    8665105    Business Meeting Meals - Overhead                    0.00    446.60    0.00    446.60
    8760105    Professional development - Overhead                    0.00    1,500.00    0.00    1,500.00
    9000000    G&A labor                    0.00    168,190.48    0.00    168,190.48
    9200000    Professional services - accounting                    0.00    6,900.00    0.00    6,900.00
    9210000    Professional services - legal                    0.00    858.00    0.00    858.00
    9260000    Professional services - accounting SW                    0.00    4,899.67    0.00    4,899.67
    9270000    Professional services - payroll                    0.00    13,000.87    0.00    13,000.87
    9290000    Professional services - other                    0.00    3,044.59    0.00    3,044.59
    9600000    Travel - G&A                    0.00    548.38    0.00    548.38
    9605000    Local travel - G&A                    0.00    1,280.90    0.00    1,280.90
    9660000    Business meetings - G&A                    0.00    1,633.52    (290.97)    1,342.55
    9665000    Business meeting meals - G&A                    0.00    662.43    0.00    662.43
    9700000    Employee interviews
ecruitment                    0.00    8,151.77    0.00    8,151.77
    9705000    Employee relocation                    0.00    23,268.50    (1,672.20)    21,596.30
    9710000    Dues/Memberships/Subscriptions/Pubs-G&A                    0.00    3,486.08    0.00    3,486.08
    9730000    Bank service charges                    0.00    365.00    0.00    365.00
    9740000    License fees                    0.00    24,483.31    0.00    24,483.31
    9750000    Insurance - general liability                    0.00    2,514.33    0.00    2,514.33
    9760000    Professional development - G&A                    0.00    2,166.33    0.00    2,166.33
    9780000    Miscellaneous taxes                    0.00    4,480.30    (4,376.00)    104.30
    9801000U    FAR XXXXXXXXXXPublic relations and advert                    0.00    500.00    0.00    500.00
    9803000U    FAR XXXXXXXXXXBad debts                    0.00    0.00    (4.49)    (4.49)
    9812000U    FAR XXXXXXXXXXEmployee morale (gifts, re                    0.00    810.14    0.00    810.14
    9814000U    FAR XXXXXXXXXXEntertainment costs                    0.00    1,049.15    0.00    1,049.15
    9815000U    FAR XXXXXXXXXXFines, penalties, and misc                    0.00    10.07    (0.03)    10.04
    9819000U    FAR XXXXXXXXXXInsurance                    0.00    3,042.98    0.00    3,042.98
    9846000U    FAR XXXXXXXXXXTravel Costs - Unallowable                    0.00    1,815.38    0.00    1,815.38
    9851000U    FAR XXXXXXXXXXCosts of alcoholic beverag                    0.00    58.48    (32.10)    26.38
    P000100    B&P labor                    0.00    27,618.68    0.00    27,618.68
    P500100    B&P materials                    0.00    43.37    0.00    43.37
    P700100    B&P meals                    0.00    252.36    0.00    252.36
    S000100    Subcontract admin employee labor                    0.00    6,253.25    0.00    6,253.25
    Grand Total:                        0.00    20,983,798.18    (20,983,798.18)    0.00

Sep18 TB
                        Company X
    10/11/19                    Trial Balance
    11":"17 AM                    1/1/2018    -    9/30/2018
    Account            Account Description            Beginning Bal.    Debits    Credits    Balance
    1000    Cash - Checking - UNITED - 1124                    789,645.11    7,676,372.05    (7,048,252.43)    1,417,764.73
    1001    Cash - Checking - PNC - 5291                    80,856.12    0.00    (170.00)    80,686.12
    1005    Cash - Payroll - VCB - 5009                    (343.60)    5,595.53    (2,751.93)    2,500.00
    1010    Cash - Savings - UNITED - 1371                    250,436.27    771.07    (1,041.77)    250,165.57
    1011    Cash - Savings - PNC - 5516                    30,660.93    23.55    (45.00)    30,639.48
    1050    Cash - Certificate of Deposit                    (0.00)    0.00    0.00    (0.00)
    1200    Accounts receivable - trade                    1,357,693.19    7,691,252.13    (7,551,455.68)    1,497,489.64
    1260    Accounts receivable - miscellaneous                    (0.00)    0.00    0.00    (0.00)
    1400    Prepaid - employee advances                    582.30    9,000.00    (9,032.30)    550.00
    1410    Prepaid - rent                    4,739.25    42,668.00    (42,668.00)    4,739.25
    1430    Prepaid - insurance                    7,092.81    21,437.00    (12,361.81)    16,168.00
    1490    Prepaid - miscellaneous                    120.23    1,173.97    (848.15)    446.05
    1650    Fixed asset - furniture and fixtures                    15,337.36    0.00    0.00    15,337.36
    1660    Fixed asset - office equipment                    13,877.34    0.00    0.00    13,877.34
    1670    Fixed asset - computer equipment                    87,642.04    6,145.55    0.00    93,787.59
    1675    Fixed asset - computer software                    10,534.22    0.00    0.00    10,534.22
    1775    Accumulated Depreciation                    (119,153.00)    0.00    (3,600.00)    (122,753.00)
    1910    Security deposits                    7,035.25    0.00    0.00    7,035.25
    2100    Accounts payable - trade                    (487,874.43)    5,777,856.51    (5,856,931.65)    (566,949.57)
    2105    Credit Card - Capital One (MKW)                    (1,070.27)    51,628.64    (51,282.65)    (724.28)
    2106    Credit Card - Capital One (HGL)                    (993.16)    46,842.29    (46,423.59)    (574.46)
    2120    Accounts payable - related party                    (935.88)    556,082.38    (555,675.97)    (529.47)
    2130    Accounts payable - accrued expenses                    0.00    0.00    (2,396.04)    (2,396.04)
    2170    Accounts payable - subcontract/consult                    0.01    0.00    0.00    0.01
    2200    Salaries payable                    2.76    3,009,366.97    (3,009,366.59)    3.15
    2210    Wages payable (Part Time)                    0.00    0.00    0.00    0.00
    2250    Accrued Crew Premium                    0.00    0.00    0.00    0.00
    2300    FICA tax payable                    0.01    0.00    0.00    0.01
    2370    Pension plan withheld                    (25,152.76)    511,976.89    (514,932.84)    (28,108.71)
    2390    Payroll taxes / withholdings - misc.                    (2,170.07)    1,751.06    0.00    (419.01)
    2400    Accrued PTO                    (123,022.25)    15,365.30    (32,887.05)    (140,544.00)
    2440    Accrued defe
ed salaries                    (35,601.73)    0.00    0.00    (35,601.73)
    2445    Accrued defe
ed salaries - paid                    35,601.73    0.00    0.00    35,601.73
    2470    Accrued pension plan payable-empl match                    0.05    0.00    0.00    0.05
    2475    Accrued pension plan / profit share                    (187,825.33)    187,925.31    (210,655.69)    (210,555.71)
    2920    Defe
ed Compensation                    0.00    54.76    (54.76)    0.00
    3100    Common stock                    (6,000.00)    0.00    0.00    (6,000.00)
    3400    Retained earnings                    (3,975,574.51)    0.00    0.00    (3,975,574.51)
    3700    Dividends / distributions                    2,273,860.00    561,101.01    0.00    2,834,961.01
    4100105    Non GSA government contract revenue                    0.00    0.00    (6,877,902.76)    (6,877,902.76)
    4100125    Non GSA government contract revenue - CO                    0.00    0.00    (263,583.64)    (263,583.64)
    4100135    Non GSA government contract revenue - NM                    0.00    0.00    (264,138.17)    (264,138.17)
    4150105    Non GSA government contract fee revenue                    0.00    0.00    (285,627.51)    (285,627.51)
    4300000    Interest revenue                    0.00    0.00    (890.96)    (890.96)
    4900000    Other revenue                    0.00    0.00    (1,460.00)    (1,460.00)
    5000105    Direct labor                    0.00    1,933,834.44    0.00    1,933,834.44
    5000125    Direct labor - CO                    0.00    128,540.08    0.00    128,540.08
    5000135    Direct labor - NM                    0.00    125,922.81    0.00    125,922.81
    5200105    Direct consultant labor                    0.00    108,881.30    0.00    108,881.30
    5300105    Direct subcontracts - Labor                    0.00    2,046,820.46    0.00    2,046,820.46
    5500105    Direct materials                    0.00    409.97    0.00    409.97
    5600105    Direct travel - SubC                    0.00    165.00    0.00    165.00
    5610105    Direct travel with G & A                    0.00    228,049.94    (463.44)    227,586.50
    5610105U    Direct travel with G & A - unbilled                    0.00    2,396.04    0.00    2,396.04
    5610125    Direct travel with G & A - CO                    0.00    4,692.33    0.00    4,692.33
    5610135    Direct travel with G & A - NM                    0.00    12,772.84    (71.00)    12,701.84
    6100000    Paid Time Off (PTO)                    0.00    285,179.05    (15,365.30)    269,813.75
    6110000    Comp Time                    0.00    12,733.75    0.00    12,733.75
    6120000    Sick leave                    0.00    28,094.83    0.00    28,094.83
    6200000    Bonus                    0.00    11,000.00    0.00    11,000.00
    6300000    Pension plan - 401k match                    0.00    212,347.42    0.00    212,347.42
    6310000    Pension plan - Profit Share                    0.00    210,655.69    0.00    210,655.69
    6400000    UHC/Guardian Insurance                    0.00    9,895.98    (2,214.30)    7,681.68
    6440000    Insurance - workmans' compensation                    0.00    1,642.50    0.00    1,642.50
    6450000    Cash in Lieu of Benefits                    0.00    60,261.30    0.00    60,261.30
    6700000    Education reimbursement                    0.00    4,500.00    (546.44)    3,953.56
    6900000    Miscellaneous fringe benefits                    0.00    375,857.38    0.00    375,857.38
    6910000    Commuter Benefits                    0.00    5,906.45    0.00    5,906.45
    7300000    Rent / Mortgage                    0.00    56,642.30    0.00    56,642.30
    7370000    Personal property taxes                    0.00    605.76    0.00    605.76
    7400000    Telephone expense                    0.00    3,205.99    (126.00)    3,079.99
    7405000    Telephone expense - mobile / pager / BB                    0.00    10,595.83    (623.92)    9,971.91
    7410000    Internet access                    0.00    3,700.09    (0.02)    3,700.07
    7420000    Postage                    0.00    660.57    (0.14)    660.43
    7440000    Office supplies                    0.00    5,235.14    (700.66)    4,534.48
    7450000    Furniture / rental / repair                    0.00    283.49    0.00    283.49
    7460000    Office equipment / rental / repair                    0.00    199.49    0.00    199.49
    7470000    Computer supplies / repair / software                    0.00    6,468.38    0.00    6,468.38
    7590000    Depreciation - other                    0.00    3,600.00    0.00    3,600.00
    8000100    Overhead labor                    0.00    118,439.97    0.00    118,439.97
    8000105    Overhead labor                    0.00    45,930.15    0.00    45,930.15
    8000125    Overhead labor - CO                    0.00    88.18    0.00    88.18
    8600105    Travel                    0.00    1,319
Answered Same Day Oct 03, 2021

Solution

Sumit answered on Oct 05 2021
150 Votes
Mar18 TB
                        Company X
    10/11/19                    Trial Balance
    11":"11 AM                    1/1/2018    -    3/31/2018
    Account            Account Description            Beginning Bal.    Debits    Credits    Balance
    1000    Cash - Checking - UNITED - 1124                    789,645.11    2,309,516.00    (2,387,573.94)    711,587.17
    1001    Cash - Checking - PNC - 5291                    80,856.12    0.00    (120.00)    80,736.12
    1005    Cash - Payroll - VCB - 5009                    (343.60)    3,883.66    (1,396.28)    2,143.78
    1010    Cash - Savings - UNITED - 1371                    250,436.27    271.06    0.00    250,707.33
    1011    Cash - Savings - PNC - 5516                    30,660.93    8.32    (45.00)    30,624.25
    1050    Cash - Certificate of Deposit                    (0.00)    0.00    0.00    (0.00)
    1200    Accounts receivable - trade                    1,357,693.19    2,389,732.53    (2,189,811.19)    1,557,614.53
    1260    Accounts receivable - miscellaneous                    (0.00)    0.00    0.00    (0.00)
    1400    Prepaid - employee advances                    582.30    1,025.00    (450.00)    1,157.30
    1410    Prepaid - rent                    4,739.25    14,217.75    (14,217.75)    4,739.25
    1430    Prepaid - insurance                    7,092.81    0.00    (3,898.01)    3,194.80
    1490    Prepaid - miscellaneous                    120.23    1,173.97    (311.15)    983.05
    1650    Fixed asset - furniture and fixtures                    15,337.36    0.00    0.00    15,337.36
    1660    Fixed asset - office equipment                    13,877.34    0.00    0.00    13,877.34
    1670    Fixed asset - computer equipment                    87,642.04    2,824.48    0.00    90,466.52
    1675    Fixed asset - computer software                    10,534.22    0.00    0.00    10,534.22
    1775    Accumulated Depreciation                    (119,153.00)    0.00    (1,200.00)    (120,353.00)
    1910    Security deposits                    7,035.25    0.00    0.00    7,035.25
    2100    Accounts payable - trade                    (487,874.43)    2,026,157.01    (1,973,995.91)    (435,713.33)
    2105    Credit Card - Capital One (MKW)                    (1,070.27)    23,288.22    (24,303.86)    (2,085.91)
    2106    Credit Card - Capital One (HGL)                    (993.16)    12,631.04    (12,853.69)    (1,215.81)
    2120    Accounts payable - related party                    (935.88)    1,082.38    (236.47)    (89.97)
    2170    Accounts payable - subcontract/consult                    0.01    0.00    0.00    0.01
    2200    Salaries payable                    2.76    1,029,890.98    (1,029,890.87)    2.87
    2210    Wages payable (Part Time)                    0.00    0.00    0.00    0.00
    2250    Accrued Crew Premium                    0.00    0.00    0.00    0.00
    2300    FICA tax payable                    0.01    0.00    0.00    0.01
    2370    Pension plan withheld                    (25,152.76)    160,582.99    (166,592.21)    (31,161.98)
    2390    Payroll taxes / withholdings - misc.                    (2,170.07)    395.41    0.00    (1,774.66)
    2400    Accrued PTO                    (123,022.25)    0.00    (30,283.60)    (153,305.85)
    2440    Accrued defe
ed salaries                    (35,601.73)    0.00    0.00    (35,601.73)
    2445    Accrued defe
ed salaries - paid                    35,601.73    0.00    0.00    35,601.73
    2470    Accrued pension plan payable-empl match                    0.05    0.00    0.00    0.05
    2475    Accrued pension plan / profit share                    (187,825.33)    187,925.31    (72,092.37)    (71,992.39)
    2920    Defe
ed Compensation                    0.00    0.00    (54.76)    (54.76)
    3100    Common stock                    (6,000.00)    0.00    0.00    (6,000.00)
    3400    Retained earnings                    (3,975,574.51)    0.00    0.00    (3,975,574.51)
    3700    Dividends / distributions                    2,273,860.00    4,376.00    0.00    2,278,236.00
    4100105    Non GSA government contract revenue                    0.00    0.00    (2,162,805.71)    (2,162,805.71)
    4100125    Non GSA government contract revenue - CO                    0.00    0.00    (96,235.83)    (96,235.83)
    4100135    Non GSA government contract revenue - NM                    0.00    0.00    (94,275.32)    (94,275.32)
    4150105    Non GSA government contract fee revenue                    0.00    0.00    (36,415.67)    (36,415.67)
    4300000    Interest revenue                    0.00    0.00    (279.38)    (279.38)
    4900000    Other revenue                    0.00    0.00    (1,100.00)    (1,100.00)
    5000105    Direct labor                    0.00    653,442.78    0.00    653,442.78
    5000125    Direct labor -...
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