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Part 2
Cash Acct. No. 101
Date Explanation PR Debit Credit Balance
Nov. 1 G1 30,000 30,000
2 G1 4,500 25,500
Accounts Receivable Acct. No. 106
Date Explanation PR Debit Credit Balance
Nov. 12 G1 10,200 10,200
Office Supplies Acct. No. 124
Date Explanation PR Debit Credit Balance
Prepaid Insurance Acct. No. 128
Date Explanation PR Debit Credit Balance
Prepaid Rent Acct. No. 131
Date Explanation PR Debit Credit Balance
Office Equipment Acct. No. 163
Date Explanation PR Debit Credit Balance
Accounts Payable Acct. No. 201
Date Explanation PR Debit Credit Balance
Problem 2-3B (Continued)
M. Zucker, Capital Acct. No. 301
Date Explanation PR Debit Credit Balance
M. Zucker, Withdrawals Acct. No. 302
Date Explanation PR Debit Credit Balance
Services Revenue Acct. No. 403
Date Explanation PR Debit Credit Balance
Nov. 8 G1 3,400 3,400
Utilities Expense Acct. No. 690
Date Explanation PR Debit Credit Balance
Part 3
ZUCKER MANAGEMENT SERVICES
Trial Balance
November 30
Debit Credit
Cash................................................................ $23,069
Accounts receivable...................................... 6,750
........................................................................
Totals.............................................................. $60 ,599 $60 ,599
Problem 2-4B (90 minutes)
Part 1
a. Cash.........................................................101 35,000
Owner invested cash and equipment.
b. Land.........................................................172 7,500
Purchased land and building with cash and
note payable.
Purchased office supplies on account.
Owner contributed automobile to business.
Purchased office equipment on account.
Paid assistant’s salary.
Provided services for cash.
Paid cash for utilities.
Problem 2-4B (Part 1 Continued)
Paid cash on account.
Purchased equipment for cash.
Provided services on account.
Paid assistant’s salary.
Received cash due on account.
Owner withdrew cash for personal use.
Problem 2-4B (Continued) Part 2
Cash No. 101 Land No. 172
Date PR Debit Credit Balance Date PR Debit Credit Balance
(a) 35,000 35,000 (b) 7,500 7,500
(b) 15,000 20,000
(f) 1,000 19,000 Accounts Payable No. 201
(b) 32,500 32,500
Accounts Receivable No. 106
Date PR Debit Credit Balance
(a) 46,000 46,000
Office Supplies No. 108 (d) 8,000 54,000
Date PR Debit Credit Balance
A. Nuncio, Withdrawals No. 302
Office Equipment No. 163 Date PR Debit Credit Balance
Date PR Debit Credit Balance (n) 1,100 1,100
(a) 11,000 11,000
(g) 3,200 3,200
(k) 4,200 7,400
Automobiles No. 164 Salaries Expense No. 601
Date PR Debit Credit Balance Date PR Debit Credit Balance
(l) 1,000 2,000
Building No. 170
Date PR Debit Credit Balance Utilities Expense No. 602
(h) 540 540
Problem 2-4B (Concluded)
Part 3
NUNCIO CONSULTING
Trial Balance
June 30
Debit Credit
Cash .......................................................... $17,860
Accounts receivable................................. 2,000
Office supplies.......................................... 500
Office equipment....................................... 15,600
Problem 2-5B (60 minutes)
Part 1
TAMA CO.
Balance Sheet
December 31, 2014
Assets Liabilities
Cash..................................$ 20,000 Accounts payable...........................................................................$ 4,000
TAMA CO.
Balance Sheet
December 31, 2015
Assets Liabilities
Cash.................................. $ 5,000 Accounts payable...........................................................................$ 12,000
Accounts receivable......... 25,000 Note payable................................................................................... 250,000
Part 2
Calculation of 2015 net income:
Equity, December 31, 2014.......................................................... $127,500
Part 3
Problem 2-6B (35 minutes)
Part 1
GOULD SOLUTIONS
Trial Balance
April 30
Debit Credit
Cash .................................................................... $19,982
Office supplies ................................................... 760
Prepaid rent ........................................................ 1,800
Part 2: Likely transactions (following order of trial balance).
1. Purchased $760 of office supplies for cash.
2. Paid $1,800 cash for prepaid rent.
Part 3
Report of Cash Received and Paid
Cash received
Owner investment................................... $15,000
Consulting fees ...................................... 20 ,400
Total cash received ................................ $35,400
Cash paid
Serial Problem — SP 2
Part 1 (120 minutes) Serial Problem, Business Solutions
2015
Oct. 1 Cash.........................................................101 45,000
Office Equipment....................................163 8,000
Computer Equipment.............................167 20,000
S. Rey, Capital..................................301 73,000
Owner invests cash and equipment.
2 Prepaid Rent............................................131 3,300
Cash.................................................101 3,300
Paid four months’ rent in advance.
Collected accounts receivable.
Serial Problem, Business Solutions (Continued)
28 Accounts Receivable .............................106 5,208
Computer Services Revenue .........403 5,208
Billed customer for services.
31 Wages Expense.......................................623 875
Cash ................................................101 875
Paid employee for part-time work.
Owner withdrew cash.
