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