Problem 2-7C
Requirement 1
April 1 Debit Credit
Cash 50,000
April 2
Cash 20,000
April 7
Equipment 40,000
April 10
Supplies 4,000
April 12
Cash 5,000
April 16
Salaries Expense 1,200
April 19
Advertising Expense 500
April 23
Accounts Receivable 7,000
Problem 2-7C (connued)
April 29
Salaries Expense 1,500
April 30
Utilities Expense 1,200
April 30
Dividends 700
Problem 2-7C (connued)
Requirements 2 and 3
Cash Accounts Receivable Supplies
50,000 40,000 7,000 4,000
20,000 1,200 7,000 4,000
5,000 500
1,500 Equipment Accounts Payable
1,200
Notes Payable Common Stock Dividends
Service Revenue Salaries Expense Advertising Expense
Utilities Expense
Problem 2-7C (concluded)
Requirement 4
Speedy Car Cleaning
Trial Balance
June 30
Account Title Debit Credit
Cash $29,900
Accounts Receivable 7,000
Supplies 4,000
Equipment 40,000
Problem 2-8C
Requirement 1
Nov. 1 Debit Credit
Cash 15,000
Nov. 2
Equipment 4,500
Nov. 4
Supplies 1,500
Nov. 10
Accounts Receivable 9,000
Nov. 15
Accounts Payable 1,200
Nov. 20
Salaries Expense 2,300
Nov. 22
Cash 11,500
Nov. 24
Notes Payable 1,300
Nov. 26
Cash 7,100
Problem 2-8C (connued)
Nov. 28
Utilities Expense 1,700
Nov. 30
Rent Expense 3,200
Problem 2-8C (connued)
Requirements 2 and 3
Cash Accounts Receivable Supplies
2,800
15,000
1,200
2,300
900
9,000
7,100 3,600
1,500
Equipment Accounts Payable Notes Payable
9,100
1,200 2,200
1,300 3,600
Common Stock Retained Earnings Service Revenue
9,000
1,600 9,000
Salaries Expense Utilities Expense Rent Expense
Problem 2-8C (connued)
Requirement 4
Wolverine Incorporated
Trial Balance
April 30
Account Title Debit Credit
Cash $26,700
Accounts Receivable 2,800
Supplies 5,100
Equipment 13,600