ACCOUNTING-How much is the total resources

by | Aug 20, 2025 | Business

ACCT504 – Case 1- Part A
Gordon
Contruction, Inc.
Trial
Balance
June 30,
2014
Account titles Debit Credit
Cash 19,270
Accounts receivable 500
Supplies 3,000
Equipment 5,200
Land 37,000 `
Accounts payable 5,400
Common Stock 55,000
Dividends 3,000
Service revenue 12,500
Salary expense 4,300
Utilities expense 630
Total 72,900 72,900
Please answer the 3
questions for Requirement 4 below.
Q1 How much is the total
resources?		 67,500
Q2 How much does the
business owe?		 5,400
Q3 Was June profitable and
by how much?		 yes 7,570

ACCT504 – Case 1 – Part B
Month
End Adjusting Entries
Date Account Titles Debit Credit
Jun 30 account receivable 3,100
service revenue 3,100
Jun 30 supplies expenses 2,300
supplies 2,300
June
30		 salary expeses 6,100
salary payable 6,100
ACCT504 – Case 1- Part B
Key each adjusting entry
by letter in column i.
Gordon
Construction, Inc.		 When you plug in your
adjustments below into columns j and k, the adjusted trial balance will
change automatically.
Trial
Balance Work Sheet
June 30,
2014		 Adjusted
Trial Balance Adjustments Trial Balance
Account titles Debit Credit Debit Credit Debit Credit
Cash 19,270 19,270
Accounts receivable 500 3,100 3,600
Supplies 3,000 2,300 700
Equipment 5,200 5,200
Land 37,000 37,000
Accounts payable 5,400 5,400
Salary payable 0 6,100 6,100
Common Stock 55,000 55,000
Divdends 3,000 3,000 0
Service Revenue 12,500 3,100 15,600
Salary Expense 4,300 6,100 10,400
Utilities Expense 630 630
Supplies Expense 0 2,300 2,300
Total 72,900 72,900 11,500 11,500 82,100 82,100
Case Study 1 Grading Rubric – Students
Criteria
Parts Requirement Points
Part A
Requirement 1		 Record
the Journal Entries		 30
Part A
Requirement 2		 Post
transactions to the General Ledger T-accounts		 15
Part A
Requirement 3		 Prepare
the Trial Balance		 15
Part A
Requirement 4		 Answer
the 3 questions		 10
Part B
Requirement 1		 Record
Adjusting Journal Entries		 15
Part B
Requirement 2		 Prepare
Adjusted Trial Balance		 15
Total Points 100
Please
note: Your work will be graded based on accuracy but there is always the
opportunity for partial credit for attempted work.

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