978-0077862381 Chapter 3 Solution Manual Part 4

subject Type Homework Help
subject Pages 9
subject Words 1041
subject Authors Jan Williams, Joseph Carcello, Mark Bettner, Susan Haka

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page-pf1
b.
Se
p
t. 1 4,400
Cash 4,400
3 5,620
Surve
y
in
g
Revenue 5,620
9 2,830
Surve
y
in
g
Revenue 2,830
25 5,620
26 400
1,490
Cash
PROBLEM 3.3
A
WEIDA SURVEYING, INC. (concluded)
Rent Expense
Paid September rent.
General Journal
Billed Fine Line Homes for surveying services.
Sept. 20. Total amount due in 30 days.
Placed ad in the newspaper to be published on
Accounts Receivable
Cash
Cash
Accounts Receivable
Education.
page-pf2
50 Minutes, Strong
a.
Revenue Expenses = Assets Liabilities =
NE NE NE I NE I
NE NE NE I I NE
NE I D D NE D
INEII NEI
June 1
PROBLEM 3.4A
AERIAL VIEWS
Balance Sheet Owners'
Equity
Transaction
Income Statement Net
Income
June 2
June 4
June 15
page-pf3
b.
June 1 60,000
Ca
p
ital Stock 60,000
2 220,000
Cash 40,000
Notes Pa
y
able 180,000
4 2,500
30 16,450
30 Fuel Ex
p
ense 2,510
30 Dividends 2,000
Dividends Pa
y
able 2,000
Aircraft
Rent Expense
Purchased plane from Utility Aircraft.
PROBLEM 3.4A
A
ERIAL VIEWS (continued
)
General Journal
2015 Cash
Issued stock to Wendy Winger.
Accounts Receivable
Collected portion of amount billed to customers.
page-pf4
c.
Debit Credit Balance
June 1 60,000 60,000
2 40,000 20,000
Debit Credit Balance
Debit Credit Balance
Debit Credit Balance
PROBLEM 3.4
A
Date
2015
A
ERIAL VIEWS (continued
)
Cash
Explanation
Accounts Receivable
Aircraft
Date
Explanation
2015
Explanation
2015
Date
Explanation
Date
Notes Payable
2015
Accounts Payable
page-pf5
Debit Credit Balance
Debit Credit Balance
Debit Credit Balance
Debit Credit Balance
Maintenance Expense
Explanation
Date
Explanation
2015
Date Capital Stock
Dividends
Date
PROBLEM 3.4
A
Date
Explanation
A
ERIAL VIEWS (continued
)
Dividends Payable
Explanation
page-pf6
Debit Credit Balance
PROBLEM 3.4
A
Date
A
ERIAL VIEWS (continued
)
Fuel Expense
Explanation
page-pf7
d.
8,640$
19,860
220,000
180,000$
2,510
2,000
60,000
0
2,500
269,280$ 269,280$
Rent expense
Accounts receivable
Dividends payable
Aircraft
Retained earnings
Capital stock
Accounts payable
Notes payable
PROBLEM 3.4
A
AERIAL VIEWS
June 30, 2015
Cash
A
ERIAL VIEWS (continued
)
Trial Balance
page-pf8
Total Assets: 8,640$
19,860
220,000 248,500$
180,000$
2,510
reported in the balance sheet dated June 30. The
PROBLEM 3.4
A
A
ERIAL VIEWS (concluded
)
e.
Cash
Accounts receivable
Aircraft
Total assets
Total Liabilities:
Notes payable
The above figures are most likely not the amounts to be
Accounts payable
Education.
page-pf9
60 Minutes, Strong
a.
Revenue Expenses = Assets Liabilities =
NE NE NE I NE I
NE NE NE I I NE
May 1
PROBLEM 3.5A
DR. SCHEKTER, DVM
Balance Sheet Owners'
Equity
Transaction
Income Statement Net
Income
May 4
page-pfa
b.
Ma
y
1 400,000
Ca
p
ital Stock 400,000
4 70,000
180,000
Cash 100,000
Notes Pa
y
able 150,000
Land
Building
Purchased land and building.
Issued 5,000 shares of capital stock.
Cash
PROBLEM 3.5
A
DR. SCHEKTER, DVM (continued)
2015
General Journal
page-pfb
c.
May 1 400,000 May 4 100,000 May 4 150,000
May 24 300 May 28 100 May 16 30,000
May 27 400
PROBLEM 3.5
A
DR. SCHEKTER, DVM (continued)
Notes Payable
Accounts Payable Accounts Receivable
Cash

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