Accounting Lp2

Solution 2-28A:

Date

Particulars

Debit

Credit

Sep 1

Cash

370,000

Cougliato, Capital

370,000

Sep 2

Theatre Building

360,000

Cash

360,000

Sep 5

Cash

260,000

Note Payable

260,000

Sep 10

Theater supplies

1,400

Accounts Payable

1,400

Sep 15

Accounts Payable

1,200

Cash

1,200

Sep 15

Property Tax Expense

1,500

Cash

1,500

Sep 16

Salaries Expense

Rent Expense

2,500

1,400

Cash

3,900

Sep 28

Drawings

7,000

Cash

7,000

Sep 30

Cash

21,000

Services Revenue

21,000

T-Accounts:

Cash

Sep 1 370,000

Sep 2 360,000

Sep 5 262,000

Sep 15 1.200

Sep 30 21,000

Sep 15 1,500

Sep 16 3,900

Sep 28 7,000



Bal. 279,400

653,000

653,000

Capital

Sep 1 370,000

Bal. 370,000

370,000

370,000

Theater Building

Sep 2 360,000



Bal. 360,000

360,000

360,000

Note Payable

Sep 5 260,000

Bal. 260,000

260,000

260,000

Theater Supplies

Sep 10 1,400



Bal. 1,400

1,400

1,400

Accounts Payable

Sep 15 1,200

Sep 10 1,400



Bal. 200

1,400

1,400

Property Tax Expense

Sep 15 1,500

Bal. 1,500

1,500

1,500

Salaries Expense

Sep 16 2,500



Bal. 2,500

2,500

2,500

Rent Expense

Sep 16 1,400



Bal. 1,400

1,400

1,400

Drawings

Sep 28 7,000



Bal. 7,000

7,000

7,000

Services Revenue

Sep 30 21,000

Bal. 21,000

21,000

21,000

Solution 2-33A:

SHARON SILVER, REGISTERED DIETICIAN

General Journal

July 31, 2012

Date

Particulars

Ref.

Debit

Credit

July 4

Cash

11

$6,000

Accounts Receivable

($6,000 has been collected from customer)

12

$6,000

July 7

Accounts Receivable

12

6,600

Services Revenue

(Provided services of $6,600 on account)

41

6,600

July 12

No Entry

(Personal funds used for private renovation)

July 16

Supplies

13

1,000

Accounts Payable

($1,000 supplies purchased on account)

21

1,000

July 19

Drawings

32

2,300

Cash

(Owner withdrew $2,300 cash from the business)

11

2,300

July 20

Accounts Payable

21

2,500

Cash

(Repayment of business debts of $2,500)

11

2,500

July 24

Cash

11

2,200

Services Revenue

(Cash received for the revenue earned $2,200)

41

2,200

July 25

Rent Expense

52

500

Cash

(To record rent expense)

11

500

July 31

Salary Expense

51

1,500

Cash

(To record salary expense)

11

1,500

Four Column General Ledger

Cash Account no.11

Date

Explanation

Ref.

Debit

Credit

Balance

Debit

Credit

2012-July

1

Balance

$ 7,000

4

Services Revenue

41

$ 6,600

13,600

19

Drawings

32

$ 2,300

10,700

20

Accounts Payable

21

2,500

8,200

24

Services Revenue

41

2,200

10,400

25

Rent Expense

52

500

9,900

31

Salary Expense

51

1,500

8,400

Accounts Receivable Account no.12

Date

Explanation

Ref.

Debit

Credit

Balance

Debit

Credit

2012-July

1

Balance

$ 8,500

4

Cash

11

$ 6,000

2,500

7

Services Revenue

41

$ 6,600

9,100

Supplies Account no.13

Date

Explanation

Ref.

Debit

Credit

Balance

Debit

Credit

2012-July

1

Balance

$ 800

16

Accounts Payable

21

$ 1,000

1,800

Equipment Account no.14

Date

Explanation

Ref.

Debit

Credit

Balance

Debit

Credit

2012-July

1

Balance

$ 13,000

Accounts Payable Account no.21

Date

Explanation

Ref.

Debit

Credit

Balance

Debit

Credit

2012-July

1

Balance

$ 4,800

16

Supplies

13

$ 1,000

5,800

20

Cash

11

$ 2,500

3,300

Silver, Capital Account no.31

Date

Explanation

Ref.

Debit

Credit

Balance

Debit

Credit

2012-July

1

Balance

$ 24,500

Silver, Drawings Account no.32

Date

Explanation

Ref.

Debit

Credit

Balance

Debit

Credit

2012-July

1

Balance

-

19

Cash

11

$ 2,300

$ 2,300

Services Revenue Account no.41

Date

Explanation

Ref.

Debit

Credit

Balance

Debit

Credit

2012-July

1

Balance

-

7

Accounts Receivable

12

$ 6,600

$ 6,600

24

Cash

11

2,200

8,800

Salary Expense Account no.51

Date

Explanation

Ref.

Debit

Credit

Balance

Debit

Credit

2012-July

1

Balance

-

19

Cash

11

$ 1,500

$ 1,500

Rent Expense Account no.52

Date

Explanation

Ref.

Debit

Credit

Balance

Debit

Credit

2012-July

1

Balance

-

25

Cash

11

$ 500

$ 500

SHARON SILVER, REGISTERED DIETICIAN

Trial Balance

July 31, 2012

Account No.

Account

Debit

Credit

11

Cash

$8,400

12

Accounts Receivable

9,100

13

Supplies

1,800

14

Equipment

13,000

21

Accounts Payable

$3,300

31

Silver, Capital

24,500

32

Silver, Drawing

2,300

41

Service Revenue

8,800

51

Salary Expense

1,500

52

Rent Expense

500

Total

$36,600

$36,600

Solution 2-36A:

TREASURE HUNT EXPLORATION COMPANY

Trial Balance

February 29, 2012

Account

Debit

Credit

Cash

$1300

Account Receivable

6360

Supplies

1300

Exploration Equipment

16,490

Computers

49,000

Accounts Payable

$3700

Note Payable

18,500

Jones, Capital

50,000

Jones, Drawing

4,000

Services Revenue

10,900

Salary Expense

1,400

Rent Expense

1,480

Advertising Expense

900

Utilities Expense

870

Total

83,100

83,100

References

Eisen, P. J. (2000). “Accounting” (4th Ed.). Hauppauge, ...