PROBLEM 3A-2 (CONTINUED)
Date
Accounts and Explanation
Debit
Credit
June
29
Telephone Expense
531
2
0
00
Cash
111
2
2
0
00
Paid telephone bill
GENERAL LEDGER OF BRENDA’S ART STUDIO
CASH
ACCOUNT NO. 111
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
June
1
GJ1
52
0
0
0
00
52
0
0
0
00
1
GJ1
2
0
0
0
00
50
0
0
0
00
5
GJ1
10
0
0
0
00
60
0
0
0
00
8
GJ1
5
0
0
00
59
5
0
0
00
10
GJ1
1
3
0
0
00
58
2
0
0
00
15
GJ1
2
0
0
00
58
0
0
0
00
28
GJ1
8
0
00
57
9
2
0
00
29
GJ1
2
2
0
00
57
7
0
0
00
ACCOUNTS RECEIVABLE
ACCOUNT NO. 112
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
June
9
GJ1
2
5
0
0
00
2
5
0
0
00
PREPAID RENT
ACCOUNT NO. 114
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
June
1
GJ1
2
0
0
0
00
2
0
0
0
00
ART SUPPLIES
ACCOUNT NO. 121
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
June
8
GJ1
5
0
0
00
5
0
0
00
PROBLEM 3A-2 (CONTINUED)
EQUIPMENT
ACCOUNT NO. 131
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
June
3
GJ1
2
0
0
0
00
2
0
0
0
00
ACCOUNTS PAYABLE
ACCOUNT NO. 211
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
June
3
GJ1
2
0
0
0
00
2
0
0
0
00
B. RENNICKE, CAPITAL
ACCOUNT NO. 311
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
June
1
GJ1
52
0
0
0
00
52
0
0
0
00
B. RENNICKE,
WITHDRAWALS
ACCOUNT NO. 312
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
June
15
GJ1
2
0
0
00
2
0
0
00
ART FEES EARNED
ACCOUNT NO. 411
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
June
5
GJ1
10
0
0
0
00
10
0
0
0
00
9
GJ1
2
5
0
0
00
12
5
0
0
00
PROBLEM 3A-2 (CONCLUDED)
ELECTRICAL EXPENSE
ACCOUNT NO. 511
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
June
28
GJ1
8
0
00
8
0
00
SALARIES EXPENSE
ACCOUNT NO. 521
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
June
10
GJ1
1
3
0
0
00
1
3
0
0
00
TELEPHONE EXPENSE
ACCOUNT NO. 531
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
June
29
GJ1
2
2
0
00
2
2
0
00
(c)
BRENDA’S ART STUDIO
TRIAL BALANCE
JUNE 30, 201X
Dr.
Cr.
Cash
57
7
0
0
00
Accounts Receivable
2
5
0
0
00
Prepaid Rent
2
0
0
0
00
Art Supplies
5
0
0
00
Equipment
2
0
0
0
00
Accounts Payable
2
0
0
0
00
B. Rennicke, Capital
52
0
0
0
00
B. Rennicke, Withdrawals
2
0
0
00
Art Fees Earned
12
5
0
0
00
Electrical Expense
8
0
00
Salaries Expense
1
3
0
0
00
Telephone Expense
2
2
0
00
Totals
66
5
0
0
00
66
5
0
0
00
PROBLEM 3A-3
(a, b)
A. ONE’S PLACEMENT AGENCY
GENERAL JOURNAL
PAGE 1
Date
201X
Account Titles and Description
PR
Dr.
Cr.
Jun.
1
Cash
111
9
0
0
0
00
A. One, Capital
311
9
0
0
0
00
Owner investment
1
Equipment
141
1
5
0
0
00
Accounts Payable
211
1
5
0
0
00
Purchase of equipment on account
3
Accounts Receivable
112
1
4
0
0
00
Placement Fees Earned
411
1
4
0
0
00
Fee earned on account
5
A. One, Withdrawals
312
6
0
0
00
Cash
111
6
0
0
00
Owner withdrawal
7
Wage Expense
511
3
0
0
00
Cash
111
3
0
0
00
Wages paid
9
Cash
111
4
0
0
0
00
Placement Fees Earned
411
4
0
0
0
00
Fee earned for cash
15
Supplies
131
3
5
0
00
Accounts Payable
211
3
5
0
00
Purchase of supplies on account
28
Telephone Expense
521
2
2
0
00
Cash
111
2
2
0
00
Paid telephone bill
29
Advertising Expense
531
5
0
0
00
Accounts Payable
211
5
0
0
00
Received advertising bill
PROBLEM 3A-3 (CONTINUED)
GENERAL LEDGER OF A. ONE’S PLACEMENT AGENCY
CASH
ACCOUNT NO. 111
Balance
Date
201X
Explanation
Post
Ref.
Debit
Credit
Debit
Credit
June
1
GJ1
9
0
0
0
00
9
0
0
0
00
5
GJ1
6
0
0
00
8
4
0
0
00
7
GJ1
3
0
0
00
8
1
0
0
00
9
GJ1
4
0
0
0
00
12
1
0
0
00
28
GJ1
2
2
0
00
11
8
8
0
00
ACCOUNTS RECEIVABLE
ACCOUNT NO. 112
Balance
Date
201X
Explanation
Post
Ref.
Debit
Credit
Debit
Credit
June
3
GJ1
1
4
0
0
00
1
4
0
0
00
SUPPLIES
ACCOUNT NO. 131
Balance
Date
201X
Explanation
Post
Ref.
Debit
Credit
Debit
Credit
June
15
GJ1
3
5
0
00
3
5
0
00
EQUIPMENT
ACCOUNT NO. 141
Balance
Date
201X
Explanation
Post
Ref.
Debit
Credit
Debit
Credit
June
1
GJ1
1
5
0
0
00
1
5
0
0
00
PROBLEM 3A-3 (CONTINUED)
ACCOUNTS PAYABLE
ACCOUNT NO. 211
Balance
Date
201X
Explanation
Post
Ref.
Debit
Credit
Debit
Credit
June
1
GJ1
1
5
0
0
00
1
5
0
0
00
15
GJ1
3
5
0
00
1
8
5
0
00
29
GJ1
5
0
0
00
2
3
5
0
00
A. ONE, CAPITAL
ACCOUNT NO. 311
Balance
Date
201X
Explanation
Post
Ref.
Debit
Credit
Debit
Credit
June
1
GJ1
9
0
0
0
00
9
0
0
0
00
A. ONE, WITHDRAWALS
ACCOUNT NO. 312
Balance
Date
201X
Explanation
Post
Ref.
Debit
Credit
Debit
Credit
June
5
GJ1
6
0
0
00
6
0
0
00
PLACEMENT FEES EARNED
ACCOUNT NO. 411
Balance
Date
201X
Explanation
Post
Ref.
Debit
Credit
Debit
Credit
June
3
GJ1
1
4
0
0
00
1
4
0
0
00
9
GJ1
4
0
0
0
00
5
4
0
0
00
WAGE EXPENSE
ACCOUNT NO. 511
Balance
Date
201X
Explanation
Post
Ref.
Debit
Credit
Debit
Credit
June
7
GJ1
3
0
0
00
3
0
0
00
PROBLEM 3A-3 (CONCLUDED)
TELEPHONE EXPENSE
ACCOUNT NO. 521
Balance
Date
201X
Explanation
Post
Ref.
Debit
Credit
Debit
Credit
June
28
GJ1
2
2
0
00
2
2
0
00
ADVERTISING EXPENSE
ACCOUNT NO. 531
Balance
Date
201X
Explanation
Post
Ref.
Debit
Credit
Debit
Credit
June
29
GJ1
5
0
0
00
5
0
0
00
(c)
A. ONE’S PLACEMENT AGENCY
TRIAL BALANCE
JUNE 30, 201X
Dr.
Cr.
Cash
11
8
8
0
00
Accounts Receivable
1
4
0
0
00
Supplies
3
5
0
00
Equipment
1
5
0
0
00
Accounts Payable
2
3
5
0
00
A. One, Capital
9
0
0
0
00
A. One, Withdrawals
6
0
0
00
Placement Fees Earned
5
4
0
0
00
Wage Expense
3
0
0
00
Telephone Expense
2
2
0
00
Advertising Expense
5
0
0
00
Totals
16
7
5
0
00
16
7
5
0
00
SOLUTIONS TO B PROBLEMS
PROBLEM 3B-1
JIMMY’S CLEANING SERVICE
GENERAL JOURNAL
PAGE 1
Date
201X
Account Titles and Description
PR
Dr.
Cr.
Mar.
1
Prepaid Rent
2
0
0
0
00
Cash
2
0
0
0
00
Rent paid in advance
6
Cleaning Equipment
5
0
0
0
00
Account Payable
5
0
0
0
00
Purchased equipment on account
12
Cleaning Supplies
9
0
0
00
Cash
9
0
0
00
Paid cash for supplies
14
Cash
1
6
0
0
00
Cleaning Fees Earned
1
6
0
0
00
Earned fee and received cash
20
Jimmy Cook, Withdrawals
1
0
0
00
Cash
1
0
0
00
Owner withdrawal
21
Advertising Expense
6
0
0
00
Accounts Payable
6
0
0
00
Received advertising bill
25
Electrical Expense
1
0
0
00
Cash
1
0
0
00
Paid electrical expense
28
Salaries Expense
3
0
0
00
Cash
3
0
0
00
Paid salaries
PROBLEM 3B-1 (CONCLUDED)
JIMMY’S CLEANING SERVICE
GENERAL JOURNAL
PROBLEM 3B-2
(a, b)
BETH’S ART STUDIO
GENERAL JOURNAL PAGE 1
Date
201X
Account Titles and Description
PR
Dr.
Cr.
Apr.
1
Cash
111
15
0
0
0
00
Beth Orth, Capital
311
15
0
0
0
00
Owner investment
1
Prepaid Rent
114
1
6
0
0
00
Cash
111
1
6
0
0
00
Rent paid in advance
3
Equipment
131
1
3
0
0
00
Accounts Payable
211
1
3
0
0
00
Purchase of equipment on account
5
Cash
111
3
0
0
0
00
Art Fees Earned
411
3
0
0
0
00
Fees earned for cash
8
Art Supplies
121
3
5
0
00
Cash
111
3
5
0
00
Purchase of supplies for cash
9
Accounts Receivable
112
3
3
0
0
00
Art Fees Earned
411
3
3
0
0
00
Fees earned on account
10
Salaries Expense
521
7
0
0
00
Cash
111
7
0
0
00
Salaries paid
15
Beth Orth, Withdrawals
312
1
0
0
0
00
Cash
111
1
0
0
0
00
Owner withdrawal
28
Electrical Expense
511
5
0
00
Cash
111
5
0
00
Paid electrical bill
29
Telephone Expense
531
1
3
0
00
Cash
111
1
3
0
00
Paid telephone bill