Exercise 2-14
Cash
(1)
(4)
4,000
16,000
8,000
9,000
4,000
(2)
(3)
Transaction (8) is not posted to the Cash T-account because a purchase on
account does not involve cash.
Exercise 2-15
Cash Accounts Receivable
(3)
3,200
7,500
1,100
(4)
(1)
3,900
9,800 7,500 (3)
Supplies Accounts Payable
480
1,720
Unearned Revenue Service Revenue
410
0
Advertising Expense
0
Exercise 2-16
1. Provide services on account.
2. Purchase supplies on account.
3. Receive cash from customers on account.
4. Pay for advertising for the current period.
5. Pay cash on account payable.
6. Receive cash from customers in advance.
Exercise 2-17
Sooner Company
Trial Balance
April 30
Accounts Debit Credit
Cash $ 3,100
Accounts receivable 4,500
Supplies 1,700
Prepaid insurance 2,000
Buildings 44,200
Accounts payable $ 2,600
Salaries payable 3,200
Common stock 36,500
Retained earnings 5,400
Exercise 2-18
Fightin’ Blue Hens Incorporated
Trial Balance
March 31
Accounts Debit Credit
Cash $ 3,200
Accounts Receivable 6,900
Prepaid Rent 4,500
Land 48,200
Accounts Payable $ 6,300
Unearned Revenue 3,800
Exercise 2-19
Requirement 1
(1) Debit Credit
Cash 45,000
(2)
Land 27,700
(3)
Equipment 11,500
(4)
No entry
(5)
Cash 38,000
(6)
Supplies 4,500
(7)
Salaries Expense 6,900
Exercise 2-19 (continued)
Requirement 2
Cash Common Stock
(1)
0
45,000
11,500
(3)
0
45,000 (1)
Land Notes Payable
0
0
Equipment Service Revenue
0
0
Supplies Accounts Payable
0
0
Salaries Expense
0
Exercise 2-19 (concluded)
Requirement 3
Green Wave Company
Trial Balance
Accounts Debit Credit
Cash $64,600
Supplies 4,500
Land 27,700
Equipment 11,500
Exercise 2-20
Requirement 1
(1) Debit Credit
Accounts Receivable 25,300
(2)
Equipment 12,600
(3)
Supplies 1,200
(4)
Salaries Expense 3,700
(5)
Advertising Expense 2,050
(6)
Rent Expense 3,900
(7)
Cash 22,800
(8)
Cash 9,400
Exercise 2-20 (continued)
Requirement 2 Accounts Receivable Service Revenue
Beg.
3,000
0
Beg.
Equipment Cash
Beg.
(2)
5,100
12,600
Beg.
19,000
12,600
3,700
2,050
3,900
(2)
(4)
(5)
(6)
Supplies Accounts Payable
Beg.
300
3,600
Beg.
Salaries Expense Advertising Expense
Beg.
(4)
0
3,700
Beg.
(5)
0
2,050
Rent Expense
Unearned
Revenue
Beg.
(6)
0
3,900
0
9,400
Beg.
(8)
Common Stock Retained Earnings
15,000 Beg. 8,800 Beg.
Exercise 2-20 (concluded)
Requirement 3
Boilermaker House Painting Company
Trial Balance
Accounts Debit Credit
Cash $28,950
Accounts Receivable 5,500
Supplies 1,500
Equipment 17,700
Accounts Payable $ 4,800
Unearned Revenue 9,400