35 Minutes, Medium
Revenue Expenses = Assets Liabilities =
Income Statement Net
a.
PROBLEM 3.3A
WEIDA SURVEYING, INC.
Balance Sheet Owners’
b.
Se
p
t. 1 4,400
Cash 4,400
Surve
y
in
g
Revenue 2,830
14 165
Accounts Pa
y
able 165
26 400
1,490
Surve
y
in
g
Revenue 1,890
PROBLEM 3.3
A
WEIDA SURVEYING, INC. (concluded)
Rent Expense
General Journal
Advertising Expense
Collected cash from Sunset Ridge Development for
services provided.
Cash
Accounts Receivable
service billed on Sept. 3.
Collected partial payment from Thompson
y
g
NE NE NE I NE I
NE NE NE I I NE
NE I D D NE D
INEII NEI
June 1
Equity
Transaction
Income
June 2
June 4
June 15
b.
June 1 60,000
4 2,500
Cash 2,500
15 8,320
Rent Expense
Purchased plane from Utility Aircraft.
PROBLEM 3.4A
A
ERIAL VIEWS (continued
)
General Journal
2015 Cash
Paid office rent for June.
Accounts Receivable
c.
Debit Credit Balance
June 1 60,000 60,000
PROBLEM 3.4
A
Date
2015
A
ERIAL VIEWS (continued
)
Cash
Explanation
Debit Credit Balance
PROBLEM 3.4
A
Date
A
ERIAL VIEWS (continued
)
Dividends Payable
Explanation
2015
Debit Credit Balance
PROBLEM 3.4
A
Date
A
ERIAL VIEWS (continued
)
Fuel Expense
Explanation
2015
d.
PROBLEM 3.4
A
AERIAL VIEWS
A
ERIAL VIEWS (continued
)
Trial Balance
Total Assets: 8,640$
19,860
220,000 248,500$
PROBLEM 3.4
A
A
ERIAL VIEWS (concluded
)
e.
Cash
Accounts receivable
Aircraft
a.
Revenue Expenses = Assets Liabilities =
NE NE NE I NE I
NE NE NE I I NE
NE NE NE NE NE NE
May 1
DR. SCHEKTER, DVM
Balance Sheet Owners’
Equity
Transaction
Income Statement Net
Income
May 4
May 9