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529
APPENDIX A
DOUBLE-ENTRY ACCOUNTING SYSTEMS
EXERCISES
E–1
a. Credit g. Credit
E–2
a. and b.
Account Debited Account Credited
Transaction Type Effect Type Effect
(1) asset + capital stock +
530
E–3
(1) Cash ..................................................................... 25,000
Common Stock .............................................. 25,000
(5) Accounts Receivable .......................................... 13,500
Service Revenue ............................................ 13,500
E–4
WILD RIVER TOURS CO.
Trial Balance
May 31, 20Y5
Debit Credit
Balances Balances
Cash .................................................................................... 16,950
Accounts Receivable......................................................... 3,500
531
E–5
E–6
a. Liability—credit f. Revenue—credit
E–7
532
E–8
a.
Accounts Payable
Oct. 1 X
b.
Accounts Receivable
c.
Cash
June 1 20,000 X
533
E–9
20Y9
July 1 Rent Expense ....................................................... 4,500
Cash ................................................................ 4,500
15 Accounts Payable ................................................ 1,200
Cash ................................................................ 1,200
27 Miscellaneous Expense ...................................... 500
534
E–10
a.
Supplies
20Y3
Nov. 1 Bal.
Accounts Payable
20Y3
535
E–11
a.
b.
Cash Accounts Payable
536
E–12
CUPID CO.
Trial Balance
December 31, 20Y7
Debit Credit
Balances Balances
Cash .................................................................................... 26,000*
Accounts Receivable......................................................... 59,900
