PROBLEM 2-1B (Continued)
Date
Account Titles and Explanation
Ref.
Debit
Credit
Mar. 25
Dividends ……………………………………..
Cash ………………………………………
(Declared and paid cash
dividend)
800
800
30
Salaries and Wages Expense ………….
Cash ………………………………………
(Paid salaries)
280
280
30
Accounts Payable ………………………….
Cash ………………………………………
(Paid creditor on account)
1,050
1,050
31
Cash ……………………………………………..
Service Revenue …………………….
(Received cash for services
provided)
200
200
PROBLEM 2-2B
(a)
J1
Date
Account Titles and Explanation
Ref.
Debit
Credit
Apr. 1
Cash ………………………………………………..
101
40,000
Common Stock …………………………
311
40,000
(Issued shares of stock
for cash)
1
No entry—not a transaction.
2
Rent Expense …………………………………..
729
1,700
Cash …………………………..……………
101
1,700
(Paid monthly office rent)
3
Supplies …………………………………………..
126
5,200
Accounts Payable ……………………..
201
5,200
(Purchased supplies on
account from Jennings
Company)
10
Accounts Receivable ………………………..
112
6,600
Service Revenue ……………………….
400
6,600
(Billed clients for services
provided)
11
Cash ………………………………………………..
101
1,200
Unearned Service Revenue………..
209
1,200
(Received cash for future
service)
20
Cash ………………………………………………..
101
2,100
Service Revenue ……………………….
400
2,100
(Received cash for services
provided)
30
Salaries and Wages Expense …………….
726
2,400
Cash …………………………..……………
101
2,400
(Paid monthly salary)
PROBLEM 2-2B (Continued)
Date
Account Titles and Explanation
Ref.
Debits
Credit
Apr. 30
Accounts Payable …………………………
201
2,200
Cash ……………………………………..
101
2,200
(Paid Jennings Company on
account)
(b)
Cash No. 101
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 1
J1
40,000
40,000
2
J1
1,700
38,300
11
J1
1,200
39,500
20
J1
2,100
41,600
30
J1
2,400
39,200
30
J1
2,200
37,000
Accounts Receivable No. 112
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 10
J1
6,600
6,600
Supplies No. 126
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 3
J1
5,200
5,200
Accounts Payable No. 201
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 3
J1
5,200
5,200
30
J1
2,200
3,000
Unearned Service Revenue No. 209
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 11
J1
1,200
1,200
PROBLEM 2-2B (Continued)
Common Stock No. 311
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 1
J1
40,000
40,000
Service Revenue No. 400
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 10
J1
6,600
6,600
20
J1
2,100
8,700
Salaries and Wages Expense No. 726
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 30
J1
2,400
2,400
Rent Expense No. 729
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 2
J1
1,700
1,700
(c) ALICIA HIRAM, DENTIST
Trial Balance
April 30, 2015
Debit
Credit
Cash ………………………………………………………….. $37,000
Accounts Receivable ………………………………….. 6,600
Supplies …………………………………………………….. 5,200
Accounts Payable ………………………………………. $ 3,000
Unearned Service Revenue …………………………. 1,200
PROBLEM 2-3B
(a)
Trans.
Account Titles and Explanation
Debit
Credit
1.
Cash …………………………………………....
50,000
Common Stock ……………………..
50,000
2.
No entry—Not a transaction.
3.
Prepaid Rent ………………………………...
24,000
Cash …………………………………....
24,000
4.
Equipment …………………………………...
28,000
Cash …………………………………....
5,000
Accounts Payable ………………...
23,000
5.
Prepaid Insurance ………………………...
2,640
Cash …………………………………....
2,640
6.
Supplies ……………………………………....
750
Cash …………………………………....
750
7.
Supplies ……………………………………....
1,300
Accounts Payable ………………...
1,300
8.
Cash …………………………………………....
6,000
Accounts Receivable …………………....
12,000
Service Revenue …………………..
18,000
9.
Accounts Payable ………………………...
400
Cash …………………………………....
400
10.
Cash …………………………………………....
3,200
Accounts Receivable …………....
3,200
11.
Utilities Expense …………………………..
260
Accounts Payable ………………...
260
PROBLEM 2-3B (Continued)
Trans.
Account Titles and Explanation
Debit
Credit
12.
Salaries and Wages Expense ……….
5,600
Cash …………………………………...
5,600
(b)
Cash
(1) 50,000
(3) 24,000
(4) 5,000
(5) 2,640
(6) 750
(8) 6,000
(9) 400
(10) 3,200
(12) 5,600
20,810
Accounts Receivable
(8) 12,000
(10) 3,200
8,800
Supplies
(6) 750
(7) 1,300
2,050
Prepaid Insurance
(5) 2,640
2,640
Prepaid Rent
(3) 24,000
24,000
Equipment
(4) 28,000
28,000
Accounts Payable
(4) 23,000
(7) 1,300
(9) 400
(11) 260
24,160
Common Stock
(1) 50,000
50,000
Service Revenue
(8) 18,000
18,000
Salaries and Wages Expense
(12) 5,600
5,600
Utilities Expense
(11) 260
260
PROBLEM 2-3B (Continued)
(c) HILLSBOROUGH SERVICES
Trial Balance
May 31, 2015
Debit
Credit
Cash ……………………………………………………….. $20,810
Accounts Receivable ……………………………….. 8,800
Supplies …………………………………………………. 2,050
Prepaid Insurance ……………………………………. 2,640
Prepaid Rent …………………………………………… 24,000
PROBLEM 2-4B
ZOOP CO.
Trial Balance
June 30, 2015
Debit
Credit
Cash ($3,960 + $270) …………………………………………. $ 4,230
Accounts Receivable ($2,648 – $270) …………………. 2,378
Supplies ($800 – $620) ………………………………………. 180
Equipment ($3,000 + $620) …………………………………. 3,620
PROBLEM 2-5B
(a) & (c)
Cash No. 101
Date
Explanation
Ref.
Debit
Credit
Balance
Mar. 1
Balance
8,000
2
J1
1,000
7,000
9
J1
4,000
11,000
10
J1
3,400
7,600
12
J1
450
7,150
20
J1
5,400
12,550
20
J1
2,600
9,950
31
J1
2,500
7,450
31
J1
375
7,825
31
J1
9,000
16,825
Accounts Receivable No. 112
Date
Explanation
Ref.
Debit
Credit
Balance
Mar. 31
J1
375
375
Land No. 140
Date
Explanation
Ref.
Debit
Credit
Balance
Mar. 1
Balance
22,000
Buildings No. 145
Date
Explanation
Ref.
Debit
Credit
Balance
Mar. 1
Balance
10,000
Equipment No. 157
Date
Explanation
Ref.
Debit
Credit
Balance
Mar. 1
Balance
8,000
PROBLEM 2-5B (Continued)
Accounts Payable No. 201
Date
Explanation
Ref.
Debit
Credit
Balance
Mar. 1
Balance
6,000
2
J1
2,500
8,500
10
J1
3,400
5,100
Common Stock No. 311
Date
Explanation
Ref.
Debit
Credit
Balance
Mar. 1
Balance
42,000
Service Revenue No. 400
Date
Explanation
Ref.
Debit
Credit
Balance
Mar. 9
J1
4,000
4,000
20
J1
5,400
9,400
31
J1
9,000
18,400
Rent Revenue No. 429
Date
Explanation
Ref.
Debit
Credit
Balance
Mar. 31
J1
750
750
Advertising Expense No. 610
Date
Explanation
Ref.
Debit
Credit
Balance
Mar. 12
J1
450
450