STT Name Student ID

1 Phạm Phương Hiền HS194398

2 Bùi Thị Luyến HS194295
3 Chu Diệu Thúy HS190742
4 Nguyễn Trần Mai Linh HS190095
5 Trương Vân Anh HS190558
6 Lý Văn Huy HS194146
Xuan Hoa company are preparing their financial statements for year-end, and have provided
you with the following unadjusted trial balance at the 31st of December 2024:

Accounts Money Unit: thousand USD

Cash 140,000
Accounts Receivable 10,010
Prepaid insurance 3,600
Prepaid Rent 3,600
Office equipment 26,870
Merchandise Inventories 14,500
Machineries 39,780
Building 71,000
Goodwill and other assets 200
Notes receivable 1,700
Accumulated Depreciation 17,850
Allowance for Doubtful Accounts 3,300
Accounts payable 11,900
Rent payable 6,900
Notes payable 4,820
Withdrawals 5,000
Rent revenue received in advance 8,990
Salaries payable 11,500
VAT (Value-Added Tax) payable 9,000
Input VAT 1,045
Sales 210,000
Revenue from asset’s disposal 4,800
Interest revenue 3,900
Rent revenue 28,650
Sales discounts 2,100
Sales allowances 3,189
Salaries expense 21,000
Rent expense 2,270
Utilities Expense 1,700
Supplies expense 5,980
Insurance Expense 3,000
Cost from asset’s disposal 2,550
Interest expense 2,160
Depreciation Expense 8,300
Advertising expense 1,900
Cost of goods sold 69,645
Bad Debts expense 6,210
Miscellaneous expense 2,240
Retained earning 4,200
Contributed Capital 123,739
and have provided
024:

it: thousand USD

1. Give 4 transactions that increase and decrease assets with a specific amount and prepare entry to record
1.a. Collect Accounts Receivable: Xuan Hoa collects $1,500 cash from ABC company.
Dr cash $1,500
Cr Accounts Receivable- ABC Company $1,500
1.b. Purchasing office equipment for cash: Xuan Hoa pay $3,000 in cash for office equipments.
Dr Office Equipment $3,000
Cr Cash $3,000
1.c. Prepaid Rent Payment: Xuan Hoa pays $1,200 cash for 6 months of office rent in advance.
Dr Prepaid Rent $1,200
Cr Cash $1,200
1.d. Write Off Bad Debts: Xuan Hoa writes off $1,000 uncollectible receivable.
Dr Allowance for Doubtful Accounts $1,000
Cr Accounts Receivable $1,000
2. Give 4 transactions that increase and decrease source of capital with a specific amount and prepare entry to
2.a. Recognize Earned Revenue: Xuan Hoa company earns $1,500 of previously unearned rent revenue.
Dr Unearned Rent Revenue $1,500
Cr Rent Revenue $1,500
2.b. Record accrued salary expense: Xuan Hoa company incurs $1,800 in unpaid salaries at month-end.
Dr Salaries Expense $1,800
Cr Salaries Payable $1,800
2.c. Xuan Hoa signs a note payable to settle the rent payable of $5,000.
Dr Rent Payable $5,000
Cr Note Payable $5,000
2.d. Xuan Hoa borrowed $1,000 from Youth Company as an accounts payable to settle the salaries payable.
Dr Salaries Payable $1,000
Cr Accounts Payable- Youth Company $1,000
3. Give 2 transactions that increase assets and source of capital with a specific amount and prepare entry to re
3.a. Owner Investment: Xuan Hoa company's owner invests $5,000 in cash into the Xuan Hoa company
Dr Cash $5,000
Cr Contributed Capital $5,000
3.b. Short-Term Loan Received in Cash: Xuan Hoa borrows $6,300 in cash from a bank as a shorrt- term loan.
Dr Cash $6,300
Cr Short-term Loan $6,300
4. Give 2 transactions that decrease assets and source of capital with a specific amount and prepare entry to r
4.a. Owner Withdrawals: Xuan Hoa company’s owner withdraws $3,600 cash for personal use.
Dr Owner's Withdrawals $3,600
 Cr Cash $3,600
4.b. Record repayment of accounts payable with cash: Xuan Hoa company pays off $8,000 of accounts payable using
Dr Accounts Payable $8,000
Cr Cash $8,000
5. Give 2 transaction about sales on credit and 1 transaction about sales by cash with a specific COGS and pre
5.a. Record sale of goods on credit: Xuan Hoa company sells goods on credit for $10,000, with a COGS of $6,000. T
Dr Accounts Receivable $10,000
Cr Sales $10,000
Dr Cost of Goods Sold $6,000
Cr Merchandise Inventory $6,000
5.b. Record sale of merchandise inventory on credit: Xuan Hoa company sells merchandise inventory for $7,500, wi
Dr Accounts Receivable $7,500
Cr Sales $7,500
Dr Cost of Goods Sold $2,500
Cr Merchandise Inventory $2,500
5.c. Record sale of goods for cash: Xuan Hoa company sells goods for $4,000 in cash, with a COGS of $3,000.
Dr Cash $4,000
Cr Sales $4,000
Dr Cost of goods sold $3,000
Cr Merchandise inventory $3,000
6. Give 1 transaction about sales return, 1 transaction about discount related to the request 5
6.a. Record sales return for goods sold on credit: Customer returns goods worth $2,000 from from transaction (5a), w
Dr Sales Return $2,000
Cr Accounts Receivable $2,000
Dr Merchandise Inventory $1,200
Cr Cost of Goods Sold $1,200
6.b. Record discount on credit sale: Customer from transaction (5a) pays within the discount period (2%).
Dr Cash $7,840
Dr Sales Discount $160
Cr Accounts Receivable $8,000
7. Give 4 transactions about expense
7.a. Record salary expense: Xuan Hoa Company pays $3,000 cash in salaries to employees.
Dr Salaries Expense $3,000
Cr Cash $3,000
7.b.Record utility expense: Xuan Hoa Company receives a utility bill of $500, not yet paid.
Dr Utilities Expense $500
Cr Utilities Payable $500
7.c. Record depreciation expense: Depreciation on equipment is $3,500 for the period.
Dr Depreciation Expense $3,500
Cr Accumulated Depreciation $3,500
7.d. Record Advertising Expense: Xuan Hoa spends $1,000 cash on advertising for the month.
Dr Advertising Expense $1,000
Cr Cash $1,000
repare entry to record

unt and prepare entry to record

rent revenue.

at month-end.

salaries payable.

t and prepare entry to record

Hoa company

a shorrt- term loan.

nt and prepare entry to record

 of accounts payable using cash.

a specific COGS and prepare entry to record.

with a COGS of $6,000. Term 2/10, n/30.

e inventory for $7,500, with a COGS of $2,500 for materials used. Term 2/10, n/30.

h a COGS of $3,000.

m from transaction (5a), with a COGS of $1.200 for the returned goods.

nt period (2%).
 8. Prepare adjusted amounts after doing request 1,2,3,4,5,6,7

Unadjusted
STT Account Debit Credit
1 Cash 140,000
2 Accounts Receivable 10,010
3 Prepaid insurance 3,600
4 Prepaid Rent 3,600
5 Office equipment 26,870
6 Merchandise Inventories 14,500
7 Machineries 39,780
8 Building 71,000
9 Goodwill and other assets 200
10 Notes receivable 1,700
11 Accumulated Depreciation 17,850
12 Allowance for Doubtful Accounts 3,300
13 Accounts payable 11,900
14 Rent payable 6,900
15 Notes payable 4,820
16 Withdrawals 5,000
17 Rent revenue received in advance 8,990
18 Salaries payable 11,500
19 VAT (Value-Added Tax) payable 9,000
20 Input VAT 1,045
21 Sales 210,000
22 Revenue from asset’s disposal 4,800
23 Interest revenue 3,900
24 Rent revenue 28,650
25 Sales discounts 2,100
26 Sales allowances 3,189
27 Salaries expense 21,000
28 Rent expense 2,270
29 Utilities Expense 1,700
30 Supplies expense 5,980
31 Insurance Expense 3,000
32 Cost from asset’s disposal 2,550
33 Interest expense 2,160
34 Depreciation Expense 8,300
35 Advertising expense 1,900
36 Cost of goods sold 69,645
37 Bad Debts expense 6,210
38 Miscellaneous expense 2,240
39 Retained earning 4,200
40 Contributed Capital 123,739
41 Short-term loan
42 Sales Return
 Adjustment Adjusted
Debit
(1a) 1,500 + (3a) 5,000 + (3b) Credit
+ (4b) 8,000 + (7a) 3,000 + (7d) Debit
$6,300 + (5c) 4,000 + (6b) $7,840 1,000
(1b) 3,000 + (1d) 1,000 + (6a) 2,000
+ (6b) 8,000

(1c) 1,200
(1b) 3,000
(6a) 1,200 (5a) 6,000 + (5b) 2,500 + (5c) 3,000

(7c) 3,500
(1d) 1,000
(4b) 8,000 (2d) 5,310
(2c) 5,000
(2c) 5,000
(4a) 3,600
(2a) 1,500
(2d) 1,000 (2b) 1,800

(5a) 10,000 + (5b) 7,500+ (5c) 4,000

(2a) 1,500
(6b) 160

(2b) 1,800 + (7a) 3,000

(7b) 500

(7c) 3,500
(7d) 1,000
(5a) 6,000 + (5b) 2,500 + (5c) 3,000(6a) 1,200
 (3a) 5,000
(3b) 6,300
(6a) 2,000
Adjusted
Credit