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CHAPTER 2 Analyzing Transactions
Prob. 2–2B (Concluded)
3.
Debit Credit
Balances Balances
Cash 20,150
4. a. $13,300
PLANET REALTY
Unadjusted Trial Balance
August 31, 2014
2-41
CHAPTER 2 Analyzing Transactions
Prob. 2–3B
1.
Page 1
Post.
Ref. Debit Credit
2014
Oct. 1 Cash 11 18,000
Capital Stock 31 18,000
Page 2
Post.
Ref. Debit Credit
2014
Oct. 21 Accounts Payable 22 2,000
Date
Date
JOURNAL
JOURNAL
Description
Description
2-42
CHAPTER 2 Analyzing Transactions
Prob. 2–3B (Continued)
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
^
2.
Account No. 11
Post.
Item Ref. Debit Debit Credit
2014
Oct. 1 1 18,000 18,000
Account No. 12
Post.
Item Ref. Debit Debit Credit
2014
Balance
GENERAL LEDGER
Balance
CreditDate
Account:
Account: Cash
Accounts Receivable
Date Credit
2-43
CHAPTER 2 Analyzing Transactions
Prob. 2–3B (Continued)
Account No. 13
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 14
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 16
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 18
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 21
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 22
Post.
Item Ref. Debit Credit Debit Credit
2014
Date
Account: Supplies
Account: Prepaid Insurance
Account: Equipment
Date
Date
Date
Balance
Date
Balance
Account: Notes Payable
Account: Accounts Payable
Balance
Account: Truck
Balance
Balance
Balance
Date
2-44
CHAPTER 2 Analyzing Transactions
Prob. 2–3B (Continued)
Account No. 31
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 33
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 41
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 51
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 53
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 54
Post.
Item Ref. Debit Credit Debit Credit
2014
Balance
Date
Account: Rent Expense
Balance
Balance
Balance
Date
Account: Capital Stock
Account: Wages Expense
Account: Dividends
Account: Fees Earned
Date
Date
Balance
Date
Balance
Date
Account: Utilities Expense
2-45
CHAPTER 2 Analyzing Transactions
Prob. 2–3B (Continued)
Account No. 55
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 59
Post.
Item Ref. Debit Credit Debit Credit
Account: Truck Expense
Account: Miscellaneous Expense
Balance
Date
Balance
Date
2-46
CHAPTER 2 Analyzing Transactions
Prob. 2–3B (Concluded)
3.
Debit Credit
Balances Balances
Cash 8,460
Accounts Receivable 6,550
5. As will be discussed in Chapter 3, various adjustments are normally required at
the end of the accounting period. For example, adjustments for supplies used,
PIONEER DESIGNS
Unadjusted Trial Balance
October 31, 2014
2-47
2. and 3.
Page 18
Post.
Ref. Debit Credit
2014
Aug. 1 Office Supplies 14 3,150
Accounts Payable 21 3,150
Page 19
Post.
Ref. Debit Credit
2014
Aug. 29 Miscellaneous Expense 59 1,700
Cash 11 1,700
JOURNAL
Date
Date
JOURNAL
Description
Description
2-48
CHAPTER 2 Analyzing Transactions
Prob. 2–4B (Continued)
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
^
31 Accounts Receivable 12 183,500
Fees Earned 41 183,500
1. and 3.
Account No. 11
Post.
Item Ref. Debit Debit Credit
2014
Aug. 1 Balance 952,500
Account No. 12
Post.
Item Ref. Debit Debit Credit
2014
Aug. 1 Balance 9100,100
Balance
Balance
GENERAL LEDGER
CreditDate
Account:
Cash
Account: Accounts Receivable
Date Credit
2-49
CHAPTER 2 Analyzing Transactions
Prob. 2–4B (Continued)
Account No. 13
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 14
Post.
Item Ref. Debit Credit Debit Credit
2014
Aug. 1 Balance 92,800
Account No. 16
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 21
Post.
Item Ref. Debit Credit Debit Credit
2014
Aug. 1 Balance 921,000
Account No. 22
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 23
Post.
Item Ref. Debit Credit Debit Credit
2014
Account: Accounts Payable
Balance
Date
Balance
Balance
Balance
Date
Balance
Account: Unearned Rent
Account: Notes Payable
Balance
Date
Account: Prepaid Insurance
Account: Office Supplies
Account: Land
Date
Date
Date
2-50
CHAPTER 2 Analyzing Transactions
Prob. 2–4B (Continued)
Account No. 31
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 32
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 33
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 41
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 51
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 52
Post.
Item Ref. Debit Credit Debit Credit
2014
Balance
Date
Balance
Date
Account: Rent Expense
Balance
Date
Balance
Balance
Account: Dividends
Account: Fees Earned
Date
Balance
Account: Salary and Commission Expense
Date
Account: Capital Stock
Account: Retained Earnings
Date
2-51
CHAPTER 2 Analyzing Transactions
Prob. 2–4B (Continued)
Account No. 53
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 54
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 59
Post.
Item Ref. Debit Credit Debit Credit
2014
Balance
Date
Balance
Account: Automobile Expense
Account: Miscellaneous Expense
Date
Account: Advertising Expense
Balance
Date
2-52
CHAPTER 2 Analyzing Transactions
Prob. 2–4B (Concluded)
4.
Debit Credit
Balances Balances
Cash 36,750
Accounts Receivable 199,700
Page 19
Post.
Ref. Debit Credit
2014
JOURNAL
Description
VALLEY REALTY
Unadjusted Trial Balance
August 31, 2014
Date
2-53
CHAPTER 2 Analyzing Transactions
Prob. 2–5B
1.
Debit Credit
Balances Balances
Cash* 20,250
Accounts Receivable 56,400
2. No. The trial balance indicates only that the debits and credits are equal.
TECH SUPPORT SERVICES
Unadjusted Trial Balance
January 31, 2014
2-54
CHAPTER 2 Analyzing Transactions
2. and 3.
Page 1
Post.
Ref. Debit Credit
2014
July 1 Cash 11 5,000
Capital Stock 31 5,000
4 Miscellaneous Expense 59 900
Cash 11 900
5 Office Equipment 17 7,500
Accounts Payable 21 7,500
Date
CONTINUING PROBLEM
JOURNAL
Description
2-55
