Score:
Key Code:
An asterisk (*) will appear to the right of an incorrect entry.
1. Account Debit Credit
a.
b.
c.
d.
e.
2.
are a planned part of the accounting
process to update the accounts.
are not planned but arise only when
necessary to correct errors.
Problem 3-1A
Name:
Section:
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
0%
2
Instructions
Scoring:
1. Account Debit Credit
a. Supplies Expense 4,330
Supplies 4,330
b. Unearned Rent 1,250
2.
Adjusting entries are a planned part of the accounting
process to update the accounts.
Problem 3-1A
Name:
Section:
Cells with non-gray backgrounds are protected and cannot be edited.
An asterisk (*) will appear to the right of an incorrect entry.
ON
Instructions
Answers are entered in the cells with gray backgrounds.
Score:
Key Code:
An asterisk (*) will appear to the right of an incorrect entry.
1. Account Debit Credit
a.
b.
c.
d.
e.
2.
are a planned part of the accounting
process to update the accounts.
are not planned but arise only when
necessary to correct errors.
Cells with non-gray backgrounds are protected and cannot be edited.
0%
2
Instructions
Problem 3-1B
Name:
Section:
Answers are entered in the cells with gray backgrounds.
Scoring:
1. Account Debit Credit
a. Accounts Receivable 19,750
Fees Earned 19,750
b. Supplies Expense 8,150
Supplies 8,150
An asterisk (*) will appear to the right of an incorrect entry.
ON
Instructions
Answers are entered in the cells with gray backgrounds.
Problem 3-1B
Name:
Section:
Cells with non-gray backgrounds are protected and cannot be edited.
Score:
Key Code:
An asterisk (*) will appear to the right of an incorrect entry.
1. Account Debit Credit
a.
b.
c.
d.
e.
2.
Revenue
Expense
Net Income
3.
Revenue
Expense
Net Income
4.
Effect of adjusting entries on Karen Bickle, Capital
Problem 3-3A
Name:
Section:
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
0%
2
Instructions
Scoring:
1. Account Debit Credit
a. Accounts Receivable 9,850
Fees Earned 9,850
b. Supplies Expense 11,540
Supplies 11,540
2.
Revenue 294,750$
Expense 226,350
3.
Revenue 319,600$
4.
Problem 3-3A
Name:
Section:
Cells with non-gray backgrounds are protected and cannot be edited.
An asterisk (*) will appear to the right of an incorrect entry.
ON
Instructions
Answers are entered in the cells with gray backgrounds.
Score:
Key Code:
An asterisk (*) will appear to the right of an incorrect entry.
1. Account Debit Credit
a.
b.
c.
d.
e.
2.
Revenue
Expense
Net Income
3.
Revenue
Expense
Net Income
4.
Effect of adjusting entries on Diana Keck, Capital
Cells with non-gray backgrounds are protected and cannot be edited.
0%
2
Instructions
Problem 3-3B
Name:
Section:
Answers are entered in the cells with gray backgrounds.
Scoring:
1. Account Debit Credit
a. Supplies Expense 5,820
Supplies 5,820
b. Accounts Receivable 3,900
Fees Earned 3,900
2.
Revenue 305,800$
3.
Revenue 323,840$
4.
An asterisk (*) will appear to the right of an incorrect entry.
ON
Instructions
Answers are entered in the cells with gray backgrounds.
Problem 3-3B
Name:
Section:
Cells with non-gray backgrounds are protected and cannot be edited.
Score:
Key Code:
An asterisk (*) will appear to the right of an incorrect entry.
For correct grading in the trial balance, enter a zero in cells you would otherwise leave blank.
1. Account Debit Credit
a.
b.
c.
d.
e.
f.
g.
2.
Debit Balances Credit Balances
Cash
Accounts Receivable
Prepaid Insurance
Supplies
Land
Building
Accumulated Depreciation – Building
Equipment
Accumulated Depreciation – Equipment
Accounts Payable
Unearned Rent
Salaries and Wages Payable
Marlene Rowland, Capital
Marlene Rowland, Drawing
Fees Earned
Rent Revenue
Instructions
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
Adjusted Trial Balance
August 31, 2016
Problem 3-5A
Name:
ROWLAND COMPANY
Section:
0%
2
Salaries and Wages Expense
Utilities Expense
Advertising Expense
Repairs Expense
Depreciation Expense – Building
Depreciation Expense – Equipment
Insurance Expense
Supplies Expense
Miscellaneous Expense
Scoring:
For correct grading in the trial balance, enter a zero in cells you would otherwise leave blank.
1. Account Debit Credit
a. Insurance Expense 1,200
Prepaid Insurance 1,200
b. Supplies Expense 1,500
Supplies 1,500
2.
Debit Balances Credit Balances
Cash 7,500 –
Accounts Receivable 49,730 –
Prepaid Insurance 6,000 –
Supplies 480 –
Land 112,500 –
Building 150,250 –
Accumulated Depreciation – Building – 95,050
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
An asterisk (*) will appear to the right of an incorrect entry.
Adjusted Trial Balance
August 31, 2016
Problem 3-5A
Name:
Solution
ROWLAND COMPANY
Section:
ON
Instructions
Utilities Expense 42,375 –
Advertising Expense 22,800 –
Repairs Expense 17,250 –
Score:
Key Code:
An asterisk (*) will appear to the right of an incorrect entry.
For correct grading in the trial balance, enter a zero in cells you would otherwise leave blank.
1. Account Debit Credit
a.
b.
c.
d.
e.
f.
g.
2.
Debit Balances Credit Balances
Cash
Accounts Receivable
Prepaid Insurance
Supplies
Land
Building
Accumulated Depreciation – Building
Equipment
Accumulated Depreciation – Equipment
Accounts Payable
Unearned Rent
Salaries and Wages Payable
Joni Reece, Capital
Joni Reece, Drawing
Fees Earned
Rent Revenue
Instructions
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
Adjusted Trial Balance
July 31, 2016
Problem 3-5B
Name:
REECE FINANCIAL SERVICES CO.
Section:
0%
2
Salaries and Wages Expense
Utilities Expense
Advertising Expense
Depreciation Expense – Building
Repairs Expense
Insurance Expense
Depreciation Expense – Equipment
Supplies Expense
Miscellaneous Expense
Scoring:
For correct grading in the trial balance, enter a zero in cells you would otherwise leave blank.
1. Account Debit Credit
a. Depreciation Expense – Building 6,400
Accumulated Depreciation – Building 6,400
b. Depreciation Expense – Equipment 2,800
2.
Debit Balances Credit Balances
Cash 10,200 –
Accounts Receivable 44,950 –
Prepaid Insurance 1,500 –
Supplies 615 –
Land 50,000 –
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
An asterisk (*) will appear to the right of an incorrect entry.
Adjusted Trial Balance
July 31, 2016
Problem 3-5B
Name:
Solution
REECE FINANCIAL SERVICES CO.
Section:
ON
Instructions
Utilities Expense 14,100 –
Advertising Expense 7,500 –
Depreciation Expense – Building 6,400 –
Repairs Expense 6,100 –
Score:
Key Code:
An asterisk (*) will appear to the right of an incorrect entry.
For correct grading in the table, enter a zero in cells you would otherwise leave blank.
1. Account Debit Credit
a.
b.
c.
d.
2.
= +
Reported amounts
Corrections:
Adjustment (a)
Adjustment (b)
Adjustment (c)
Adjustment (d)
Corrected amounts
0%
2
Instructions
Total
Owner’s
Equity
Net
Income
Total
Assets
Total
Liabilities
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
Problem 3-6A
Name:
Section:
Scoring:
For correct grading in the trial balance, enter a zero in cells you would otherwise leave blank.
1. Account Debit Credit
a. Supplies Expense 2,750
Supplies 2,750
2.
= +
Reported amounts 120,000$ 750,000$ 300,000$ 450,000$
Corrections:
Adjustment (a) (2,750) (2,750) – (2,750)
An asterisk (*) will appear to the right of an incorrect entry.
ON
Instructions
Answers are entered in the cells with gray backgrounds.
Total
Liabilities
Total
Owner’s
Equity
Problem 3-6A
Name:
Solution
Section:
Net
Income
Total
Assets
Cells with non-gray backgrounds are protected and cannot be edited.
Score:
Key Code:
An asterisk (*) will appear to the right of an incorrect entry.
For correct grading in the table, enter a zero in cells you would otherwise leave blank.
1. Account Debit Credit
a.
b.
c.
d.
2.
= +
Reported amounts
Corrections:
Adjustment (a)
Adjustment (b)
Adjustment (c)
Adjustment (d)
Corrected amounts
0%
2
Instructions
Total
Owner’s
Equity
Net
Income
Total
Assets
Total
Liabilities
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
Problem 3-6B
Name:
Section:
Scoring:
For correct grading in the trial balance, enter a zero in cells you would otherwise leave blank.
1. Account Debit Credit
a. Accounts Receivable 31,900
Fees Earned 31,900
b. Depreciation Expense 7,500
2.
= +
Reported amounts 112,500$ 650,000$ 225,000$ 425,000$
Corrections:
Adjustment (a) 31,900 31,900 – 31,900
An asterisk (*) will appear to the right of an incorrect entry.
ON
Instructions
Answers are entered in the cells with gray backgrounds.
Total
Liabilities
Total
Owner’s
Equity
Problem 3-6B
Name:
Solution
Section:
Net
Income
Total
Assets
Cells with non-gray backgrounds are protected and cannot be edited.