PROBLEM 2-3A
(a) & (c)
Cash
Balance 8,000
(1) 1,000
(3) 1,700
(4) 13,000
(5) 14,400
(6) 5,000
(7) 3,000
(8) 1,600
4,300
Accounts Receivable
Balance 15,000
(4) 13,000
(6) 9,000
11,000
(6) 14,000
Common Stock
Balance 30,000
30,000
Retained Earnings
Balance 11,000
11,000
Dividends
(8) 1,600
1,600
(2) 3,600
14,600
Balance 3,000
3,000
Balance 21,000
21,000
Balance 17,000
(2) 3,600
(5) 14,400
14,000
1,000
(3) 1,700
1,700
(7) 3,000
3,000
PROBLEM 2-3A (Continued)
(b)
Trans.
Account Titles and Explanation
Debit
Credit
1.
Advertising Expense …………………………
1,000
Cash ………………………………………..
1,000
2.
Supplies …………………………………………..
3,600
Accounts Payable …………………….
3,600
3.
Miscellaneous Expense …………………….
1,700
Cash ………………………………………..
1,700
4.
Cash ………………………………………………..
13,000
Accounts Receivable ………………..
13,000
5.
Accounts Payable …………………………….
14,400
Cash ………………………………………..
14,400
6.
Cash ………………………………………………..
5,000
Accounts Receivable ………………………..
9,000
Service Revenue ……………………….
14,000
7.
Salaries and Wages Expense …………….
3,000
Cash ………………………………………..
3,000
8.
Dividends …………………………………………
1,600
Cash ………………………………………..
1,600
PROBLEM 2-3A (Continued)
(d) TABLETTE REPAIR SERVICE, INC.
Trial Balance
January 31, 2015
Debit Credit
Cash …………………………………………………………… $ 4,300
Accounts Receivable …………………………………… 11,000
Supplies …………………………………………………….. 14,600
Prepaid Rent ………………………………………………. 3,000
Equipment ………………………………………………….. 21,000
Accounts Payable ……………………………………….. $ 6,200
PROBLEM 2-4A
DOMINIC COMPANY
Trial Balance
May 31, 2015
Debit Credit
Cash ($3,850 + $520 – $405) …………………………………. $ 3,965
Accounts Receivable ($2,570 – $420) ……………………. 2,150
Prepaid Insurance ($700 + $100) …………………………... 800
Supplies ($0 + $520) …………………………………………….. 520
Equipment ($12,000 – $520) ………………………………….. 11,480
PROBLEM 2-5A
(a) & (c)
Cash No. 101
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 1
Balance
6,000
2
J1
800
5,200
9
J1
1,800
7,000
10
J1
3,000
4,000
12
J1
320
3,680
25
J1
5,200
8,880
29
J1
1,600
7,280
30
J1
90
7,370
30
J1
1,000
6,370
Accounts Receivable No. 112
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 30
J1
90
90
Prepaid Rent No. 136
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 30
J1
1,000
1,000
Land No. 140
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 1
Balance
12,000
Buildings No. 145
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 1
Balance
8,000
PROBLEM 2-5A (Continued)
Equipment No. 157
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 1
Balance
6,000
Accounts Payable No. 201
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 1
Balance
2,000
10
J1
1,000
1,000
20
J1
950
1,950
Mortgage Payable No. 275
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 1
Balance
10,000
10
J1
2,000
8,000
Common Stock No. 311
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 1
Balance
20,000
Service Revenue No. 400
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 9
J1
1,800
1,800
25
J1
5,200
7,000
Rent Revenue No. 429
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 30
J1
180
180
PROBLEM 2-5A (Continued)
Advertising Expense No. 610
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 12
J1
320
320
Salaries and Wages Expense No. 726
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 29
J1
1,600
1,600
Rent Expense No. 729
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 2
J1
800
800
20
J1
950
1,750
(b)
J1
Date
Account Titles and Explanation
Ref.
Debit
Credit
Apr. 2
Rent Expense ……………………………….
Cash…………………………………….
(Paid film rental)
729
101
800
800
3
No entry—not a transaction.
9
Cash ……………………………………………
Service Revenue …………………..
(Received cash for services
provided)
101
400
1,800
1,800
10
Mortgage Payable …………………………
Accounts Payable …………………………
Cash…………………………………….
(Made payments on
mortgage and accounts
payable)
275
201
101
2,000
1,000
3,000
PROBLEM 2-5A (Continued)
Date
Account Titles and Explanation
Ref.
Debit
Credit
Apr. 11
No entry—not a transaction.
12
Advertising Expense ………………………..
Cash ……………………………………....
(Paid advertising expenses)
610
101
320
320
20
Rent Expense …………………………………..
Accounts Payable …………………....
(Rented film on account)
729
201
950
950
25
Cash …………………………..…………………..
Service Revenue ……………………...
(Received cash for services
provided)
101
400
5,200
5,200
29
Salaries and Wages Expense …………...
Cash ……………………………………....
(Paid salaries expense)
726
101
1,600
1,600
30
Cash …………………………..…………………..
Accounts Receivable ……………………....
Rent Revenue ………………………....
(18% X $1,000)
(Received cash and
balance on account for
concession revenue)
101
112
429
90
90
180
30
Prepaid Rent …………………………………...
Cash ……………………………………....
(Paid cash for future film
rentals)
136
101
1,000
1,000
PROBLEM 2-5A (Continued)
(d) PALACE THEATER
Trial Balance
April 30, 2015
Debit
Credit
Cash ……………………………………………………….….. $ 6,370
Accounts Receivable …………………………………… 90
Prepaid Rent ………………………………………………. 1,000
Land …………………………………………………………… 12,000
Buildings ……………………………………………………. 8,000
Equipment ………………………………………………….. 6,000
PROBLEM 2-1B
J1
Date
Account Titles and Explanation
Ref.
Debit
Credit
Mar. 1
Cash …………………………………………………
60,000
Common Stock ………………………….
60,000
(Issued shares of stock
for cash)
3
Land …………………………………………………
26,000
Buildings ………………………………………….
8,000
Equipment ………………………………………..
4,000
Cash …………………………………………
38,000
(Purchased Arnie’s Golf Land)
5
Advertising Expense …………………………
1,600
Cash …………………………………………
1,600
(Paid for advertising)
6
Prepaid Insurance ……………………………..
3,800
Cash …………………………………………
3,800
(Paid for one-year insurance
policy)
10
Equipment ………………………………………..
1,050
Accounts Payable ………………………
1,050
(Purchased equipment on
account)
18
Cash …………………………………………………
420
Service Revenue ………………………..
420
(Received cash for services
provided)
19
Cash …………………………………………………
1,800
Unearned Service Revenue…………
1,800
(Received cash for coupon
books sold)