This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
Debit Credit Balance
PROBLEM 3.4B
Date
TONE DELIVERIES (continued)
Dividend Payable
Explanation
Debit Credit Balance
PROBLEM 3.4B
Date
TONE DELIVERIES (continued)
Fuel Expense
Explanation
d.
50,800$
21,900
PROBLEM 3.4B
TONE DELIVERIES
March 31, 2015
Cash
TONE DELIVERIES (continued)
Trial Balance
Accounts receivable
e.
Total Assets: 50,800$
The above figures are most likely not the amounts to be
PROBLEM 3.4B
TONE DELIVERIES (concluded)
Cash
Revenue Expenses = Assets Liabilities =
NE NE NE I NE I
NE NE NE I I NE
PROBLEM 3.5B
60 Minutes, Strong
DR. CRAVATI, DMD
Balance SheetIncome Statement
a.
Owners'
Equity
Transaction Net
Income
Aug. 1
Aug. 4
b.
Au
g
. 1 280,000
Ca
p
ital Stock 280,000
21 4,200
Cash 4,200
Cash
PROBLEM 3.5B
DR. CRAVATI, DMD (continued
)
2015
General Journal
Office Supplies
Purchased fixtures and equipment.
Purchased land and building.
Purchased office supplies.
c.
Aug. 1 280,000 Aug. 4 80,000 Aug. 4 320,000
PROBLEM 3.5B
DR. CRAVATI, DMD (continued)
Notes Payable
Cash
d.
110,100$
11,500
Accounts receivable
Cash
Trial Balance
PROBLEM 3.5B
DR. CRAVATI, DMD (continued)
DR. CRAVATI, DMD
August 31, 2015
e.
Total Assets: 110,100$
11,500
PROBLEM 3.5B
DR. CRAVATI, DMD (concluded
)
Cash
Accounts receivable
a.
Feb. 2 750
Cash 750
General Journal
PROBLEM 3.6B50 Minutes, Strong
CLOWN AROUND, INC.
2015 Accounts Payable
Paid $750 in partial settlement of outstanding
accounts payable.
Billed and collected cash for performing at
Collected $900 in full settlement of outstanding
accounts receivable.
several birthday parties.
Declared and distributed dividend to Ralph
February.
Paid clown salaries for work performed in
Jaschob.
Trusted by Thousands of
Students
Here are what students say about us.
Resources
Company
Copyright ©2022 All rights reserved. | CoursePaper is not sponsored or endorsed by any college or university.