Title: Problem 2-3A
QA_Ori:
Part 1
1-Apr Cash 101
80,00
0
26,00
2-Apr Prepaid Rent 131 9,000
3-Apr Office Equipment 163 8,000
6-Apr Cash 101 4,000
9-Apr Accounts Receivable 106 6,000
13-Apr Accounts Payable 201
11,60
0
19-Apr Prepaid Insurance 128 2,400
22-Apr Cash 101 4,400
25-Apr Accounts Receivable 106 2,890
29-Apr Office Supplies 124 600
Accounts Payable 201 600
Cash Acct. No. 101
Date Explanation PR Debit Credit Balance
April 1 G1 80,000 80,000
2 G1 9,000 71,000
6 G1 4,000 75,000
Accounts Receivable Acct. No. 106
Date Explanation PR Debit Credit Balance
April 9 G1 6,000 6,000
Office Supplies Acct. No. 124
Date Explanation PR Debit Credit Balance
Prepaid Insurance Acct. No. 128
Date Explanation PR Debit Credit Balance
April 19 G1 2,400 2,400
Prepaid Rent Acct. No. 131
Date Explanation PR Debit Credit Balance
April 2 G1 9,000 9,000
Office Equipment Acct. No. 163
Date Explanation PR Debit Credit Balance
Accounts Payable Acct. No. 201
Date Explanation PR Debit Credit Balance
K. Tanner, Capital Acct. No. 301
Date Explanation PR Debit Credit Balance
April 1 G1 106,000 106,000
K. Tanner, Withdrawals Acct. No. 302
Date Explanation PR Debit Credit Balance
Services Revenue Acct. No. 403
Date Explanation PR Debit Credit Balance
Utilities Expense Acct. No. 690
Date Explanation PR Debit Credit Balance
April 30 G1 435 435
Part 3
LINKWORKS
Trial Balance
30-Apr
Debit Credit
Cash $59,465
Accounts receivable 4,490
Office supplies 4,200
Title: Problem 2-4A
QA_Ori:
Part 1
NETTLE DISTRIBUTION
Balance Sheet
31-Dec-12
Assets Liabilities
Cash $64,300 Accounts payable $3,500
NETTLE DISTRIBUTION
Balance Sheet
31-Dec-13
Assets Liabilities
Cash $15,640 Accounts payable $33,500
Accounts receivable 19,390 Note payable 40,000
Part 2
Computation of 2013 net income:
Equity, December 31, 2012…………………………………………………….. $282,200
Part 3
Title: Problem 2-5A
QA_Ori:
Part 1
Min Engineering
Trial Balance
31-May
Debit Credit
Cash $37,641
Office supplies 890
Prepaid insurance 4,600
Part 2: Likely transactions (following order of trial balance).
1. Purchased $890 of office supplies for cash.
2. Paid $4,600 insurance premium in advance.
Part 3
Report of Cash Received and Paid
Cash received
Owner investment $18,000
Title: Problem 2-6A
QA_Ori:
Part 1
a. Cash 101 60,000
b. Land 172 40,000
160,00
payable.
c. Office Supplies 108 2,000
d. Automobiles 164 16,500
e. Office Equipment 163 5,600
f. Salaries Expense 601 1,800
g. Cash 101 8,000
h. Utilities Expense 602 635
i. Accounts Payable 201 2,000
j. Office Equipment 163 20,300
Cash 101 20,300
Purchased new equipment with cash.
Part 2
Cash No. 101 Land No. 172
Date PR Debit Credit Balance Date PR Debit Credit Balance
(a) 60,000 60,000 (b) 40,000 40,000
(b) 30,000 30,000
(b) 170,000 170,000
Accounts Receivable No. 106
Date PR Debit Credit Balance
(a) 85,000 85,000
Office Supplies No. 108 (d) 16,500 101,500
Date PR Debit Credit Balance
(c) 2,000 2,000
H. Venedict, Withdrawals No. 302
Office Equipment No. 163 Date PR Debit Credit Balance
Date PR Debit Credit Balance (n) 2,800 2,800
(a) 25,000 25,000
(g) 8,000 8,000
(k) 6,250 14,250
Automobiles No. 164 Salaries Expense No. 601
Date PR Debit Credit Balance Date PR Debit Credit Balance
(l) 1,800 3,600
Building No. 170
Date PR Debit Credit Balance Utilities Expense No. 602
(h) 635 635