PROBLEM 3B-2 (CONTINUED)
GENERAL LEDGER OF BETH’S ART STUDIO
CASH
ACCOUNT NO. 111
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Apr.
1
GJ1
15
0
0
0
00
15
0
0
0
00
1
GJ1
1
6
0
0
00
13
4
0
0
00
5
GJ1
3
0
0
0
00
16
4
0
0
00
8
GJ1
3
5
0
00
16
0
5
0
00
10
GJ1
7
0
0
00
15
3
5
0
00
15
GJ1
1
0
0
0
00
14
3
5
0
00
28
GJ1
5
0
00
14
3
0
0
00
29
GJ1
1
3
0
00
14
1
7
0
00
ACCOUNTS RECEIVABLE
ACCOUNT NO. 112
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Apr.
9
GJ1
3
3
0
0
00
3
3
0
0
00
PREPAID RENT
ACCOUNT NO. 114
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Apr.
1
GJ1
1
6
0
0
00
1
6
0
0
00
ART SUPPLIES
ACCOUNT NO. 121
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Apr.
8
GJ1
3
5
0
00
3
5
0
00
PROBLEM 3B-2 (CONTINUED)
EQUIPMENT
ACCOUNT NO. 131
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Apr.
3
GJ1
1
3
0
0
00
1
3
0
0
00
ACCOUNTS PAYABLE
ACCOUNT NO. 211
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Apr.
3
GJ1
1
3
0
0
00
1
3
0
0
00
BETH ORTH, CAPITAL
ACCOUNT NO. 311
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Apr.
1
GJ1
15
0
0
0
00
15
0
0
0
00
BETH ORTH,
WITHDRAWALS
ACCOUNT NO. 312
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Apr.
15
GJ1
1
0
0
0
00
1
0
0
0
00
ART FEES EARNED
ACCOUNT NO. 411
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Apr.
5
GJ1
3
0
0
0
00
3
0
0
0
00
9
GJ1
3
3
0
0
00
6
3
0
0
00
PROBLEM 3B-2 (CONCLUDED)
ELECTRICAL EXPENSE
ACCOUNT NO. 511
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Apr.
28
GJ1
5
0
00
5
0
00
SALARIES EXPENSE
ACCOUNT NO. 521
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Apr.
10
GJ1
7
0
0
00
7
0
0
00
TELEPHONE EXPENSE
ACCOUNT NO. 531
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Apr.
29
GJ1
1
3
0
00
1
3
0
00
(c)
BETH’S ART STUDIO
TRIAL BALANCE
April 30, 201X
Dr.
Cr.
Cash
14
1
7
0
00
Accounts Receivable
3
3
0
0
00
Prepaid Rent
1
6
0
0
00
Art Supplies
3
5
0
00
Equipment
1
3
0
0
00
Accounts Payable
1
3
0
0
00
Beth Orth, Capital
15
0
0
0
00
Beth Orth, Withdrawals
1
0
0
0
00
Art Fees Earned
6
3
0
0
00
Electrical Expense
5
0
00
Salaries Expense
7
0
0
00
Telephone Expense
1
3
0
00
Totals
22
6
0
0
00
22
6
0
0
00
PROBLEM 3B-3
(a, b)
A. FRENCH’S PLACEMENT AGENCY
GENERAL JOURNAL
PAGE 1
Date
201X
Account Titles and Description
PR
Dr.
Cr.
Apr.
1
Cash
111
12
0
0
0
00
A. French, Capital
311
12
0
0
0
00
Owner investment
1
Equipment
141
2
1
0
0
00
Accounts Payable
211
2
1
0
0
00
Purchase of equipment on account
3
Accounts Receivable
112
1
8
0
0
00
Placement Fees Earned
411
1
8
0
0
00
Fee earned on account
5
A. French, Withdrawals
312
6
0
0
00
Cash
111
6
0
0
00
Owner withdrawal
7
Wage Expense
511
4
0
0
00
Cash
111
4
0
0
00
Wages paid
9
Cash
111
3
0
0
0
00
Placement Fees Earned
411
3
0
0
0
00
Fee earned for cash
15
Supplies
131
6
0
0
00
Accounts Payable
211
6
0
0
00
Purchase of supplies on account
28
Telephone Expense
521
2
0
0
00
Cash
111
2
0
0
00
Paid telephone bill
29
Advertising Expense
531
1
3
0
00
Accounts Payable
211
1
3
0
00
Received advertising bill
PROBLEM 3B-3 (CONTINUED)
GENERAL LEDGER OF A. FRENCH’S PLACEMENT AGENCY
CASH
ACCOUNT NO. 111
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Apr.
1
GJ1
12
0
0
0
00
12
0
0
0
00
5
GJ1
6
0
0
00
11
4
0
0
00
7
GJ1
4
0
0
00
11
0
0
0
00
9
GJ1
3
0
0
0
00
14
0
0
0
00
28
GJ1
2
0
0
00
13
8
0
0
00
ACCOUNTS RECEIVABLE
ACCOUNT NO. 112
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Apr.
3
GJ1
1
8
0
0
00
1
8
0
0
00
SUPPLIES
ACCOUNT NO. 131
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Apr.
15
GJ1
6
0
0
00
6
0
0
00
EQUIPMENT
ACCOUNT NO. 141
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Apr.
1
GJ1
2
1
0
0
00
2
1
0
0
00
PROBLEM 3B-3 (CONTINUED)
ACCOUNTS PAYABLE
ACCOUNT NO. 211
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Apr.
1
GJ1
2
1
0
0
00
2
1
0
0
00
15
GJ1
6
0
0
00
2
7
0
0
00
29
GJ1
1
3
0
00
2
8
3
0
00
A. FRENCH, CAPITAL
ACCOUNT NO. 311
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Apr.
1
GJ1
12
0
0
0
00
12
0
0
0
00
A. FRENCH, WITHDRAWALS
ACCOUNT NO. 312
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Apr.
5
GJ1
6
0
0
00
6
0
0
00
PLACEMENT FEES EARNED
ACCOUNT NO. 411
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Apr.
3
GJ1
1
8
0
0
00
1
8
0
0
00
9
GJ1
3
0
0
0
00
4
8
0
0
00
WAGE EXPENSE
ACCOUNT NO. 511
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Apr.
7
GJ1
4
0
0
00
4
0
0
00
PROBLEM 3B-3 (CONCLUDED)
TELEPHONE EXPENSE
ACCOUNT NO. 521
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Apr.
28
GJ1
2
0
0
00
2
0
0
00
ADVERTISING EXPENSE
ACCOUNT NO. 531
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Apr.
29
GJ1
1
3
0
00
1
3
0
00
(c)
A. FRENCH’S PLACEMENT AGENCY
TRIAL BALANCE
APRIL 30, 201X
Dr.
Cr.
Cash
13
8
0
0
00
Accounts Receivable
1
8
0
0
00
Supplies
6
0
0
00
Equipment
2
1
0
0
00
Accounts Payable
2
8
3
0
00
A. French, Capital
12
0
0
0
00
A. French, Withdrawals
6
0
0
00
Placement Fees Earned
4
8
0
0
00
Wage Expense
4
0
0
00
Telephone Expense
2
0
0
00
Advertising Expense
1
3
0
00
Totals
19
6
3
0
00
19
6
3
0
00
FINANCIAL REPORT PROBLEM SOLUTION—2013 Kellogg’s Annual Report
Year Net Sales
(2013)
$14,792 million
(2012)
14,197 million
Increase
$ 595 million
ON THE JOB: SMITH COMPUTER CENTER SOLUTION
SMITH COMPUTER CENTER
GENERAL JOURNAL
PAGE 1
Date
201X
Account Titles and Description
PR
Dr.
Cr.
9/1
Prepaid Rent
1025
1
5
0
0
00
Cash
1000
1
5
0
0
00
2
Cash
1000
4
2
0
00
Service Revenue
4000
4
2
0
00
6
Cash
1000
1
5
0
00
Service Revenue
4000
1
5
0
00
8
Accounts Payable
2000
8
0
00
Cash
1000
8
0
00
12
Cash
1000
1
7
0
0
00
Accounts Receivable
1020
1
7
0
0
00
15
Accounts Payable
2000
3
0
0
00
Cash
1000
3
0
0
00
17
Computer Shop Equipment
1080
2
1
0
0
00
Cash
1000
2
1
0
0
00
20
Phone Expense
5040
3
5
00
Accounts Payable
2000
3
5
00
22
Utilities Expense
5030
8
5
00
Accounts Payable
2000
8
5
00
26
Cash
1000
7
5
0
00
Service Revenue
4000
7
5
0
00
28
Accounts Receivable
1020
2
7
0
0
00
Service Revenue
4000
2
7
0
0
00