PROBLEM 0-1A (Continued)
(b) Service Revenue ………………………………………………………….. $12,000
Expenses
Salaries and Wages Expense ………………………………… $1,800
LO 1 BT: AP Difficulty: Hard TOT: 45 min. AACSB: Analytic AICPA FC: Reporting
PROBLEM 0-2A
Date
Account Titles and Explanation
Debit
Credit
Mar. 1
Cash
Common Stock …………………………..………………..
(Issued stock for cash)
50,000
50,000
3
Land
Buildings ……………………………………………………………..
23,000
9,000
10
Equipment …………………………………………………………..
Accounts Payable ………………………………………..
(Purchased equipment on account)
5,500
5,500
PROBLEM 0-2A (Continued)
Date
Account Titles and Explanation
Debit
Credit
Mar. 30
Salaries and Wages Expense ………………………………..
Cash ……………………………………………………………
(Paid salaries expense)
800
800
(Received cash for revenue earned)
PROBLEM 0-3A
(a)
Date
Account Titles and Explanation
Debit
Credit
Apr. 1
Cash
Common Stock…………………………………………….
(Issued shares of stock for cash)
18,0000
18,000
1
No entry.
(Paid monthly office rent)
3
Supplies ………………………………………………………………
Accounts Payable ………………………………………..
(Purchased supplies on account
from Burmingham Company)
1,300
1,300
11
Cash
Unearned Service Revenue …………………………..
(Received cash advance for future
service)
700
700
20
Cash
Service Revenue ………………………………………….
(Received cash for service performed)
2,800
2,800
30
Salaries and Wages Expense ……………………………….
Cash ……………………………………………………………
(Paid monthly salary)
1,500
1,500
on account)
PROBLEM 0-3A (Continued)
(b)
Cash
4/1 18,000
4/11 700
4/20 2,800
4/2 900
4/30 1,500
4/30 300
Bal. 18,800
4/10 1,900
Bal. 1,900
4/3 1,300
Bal. 1,300
4/30 300
4/3 1,300
Bal. 1,000
4/2 900
Bal. 900
Unearned Service Revenue
4/11 700
Bal. 700
Common Stock
4/1 18,000
Bal. 18,000
Bal. 4,700
Salaries and Wages Expense
4/30 1,500
Bal. 1,500
PROBLEM 0-3A (Continued)
(c) AYALA ARCHITECTS INC.
Trial Balance
April 30, 2017
Debit
Credit
Cash ……………………………………………………………………….
Accounts Receivable ……………………………………………….
$18,800
1,900
PROBLEM 0-4A
(a) & (c)
Cash
10/1 Bal. 19,200
10/5 1,300
10/17 600
10/15 1,200
10/20 1,900
10/29 300
10/31 400
Bal. 17,300
10/1 Bal. 2,600
10/5 1,300
Bal. 6,400
10/1 Bal. 11,000
Bal. 11,000
10/29 300
Bal. 300
Supplies
10/1 Bal. 2,100
Bal. 2,100
Equipment
10/1 Bal. 8,000
Bal. 8,000
10/20 1,900
10/1 Bal. 4,800
Bal. 2,900
10/1 Bal. 1,100
Bal. 1,100
10/15 1,200
Bal. 1,200
10/31 400
Bal. 400
Common Stock
10/1 Bal. 15,000
Bal. 15,000
Retained Earnings
Service Revenue
10/10 5,100
10/17 600
Bal. 5,700
PROBLEM 0-4A (Continued)
(b)
Date
Account Titles and Explanation
Debit
Credit
Oct. 5
Cash
Accounts Receivable ……………………………………
(Received collections from
customers on account)
1,300
1,300
15
Salaries and Wages Expense ………………………………..
Cash ……………………………………………………………
(Paid employee salaries)
1,200
17
Cash
Service Revenue ………………………………………….
(Performed services for customers)
600
600
20
Accounts Payable ………………………………………………..
Cash ……………………………………………………………
(Paid creditors on account)
1,900
1,900
29
Dividends …………………………………………………………….
Cash ……………………………………………………………
(Payment of cash dividend)
300
(Paid utilities)
PROBLEM 0-4A (Continued)
(d) LACEY COMPANY
Trial Balance
October 31, 2017
Debit
Credit
Cash ……………………………………………………………………….
Accounts Receivable ……………………………………………….
Supplies ………………………………………………………………….
$ 17,300
6,400
2,100
(Liabilities, Common stock, Retained earnings, and Service revenue have credit
balances)
PROBLEM 0-5A
WASHBURN CO.
Trial Balance
June 30, 2017
Debit
Credit
*$3,190 + $760 – $706 – $90 + $900
Cash ($3,090 – $760 + $706) …………………………
Accounts Receivable* …………………………………
Supplies ($800 – $340) …………………………………
Equipment ($3,000 + $340) …………………………..
Accounts Payable ($3,686 – $206 – $260) ……..
$ 3,036
4,054
460
3,340
$ 3,220
PROBLEM 0-6A
(a) & (c)
Cash
Bal. 32,750
Bal. 80,000
3/1 Bal. 16,000
3/2 2,000
Accounts Receivable
3/31 750
Bal. 750
Land
3/1 Bal. 38,000
Bal. 38,000
3/1 Bal. 22,000
Bal. 22,000
3/1 Bal. 16,000
Bal. 16,000
3/12 500
Bal. 500
3/2 10,000
Bal. 15,000
Accounts Payable
3/10 10,900
3/1 Bal. 12,000
3/2 8,000
Bal. 9,100
Common Stock
3/1 Bal. 80,000
3/31 20,000
Bal. 38,200
Sales Revenue
3/31 1,500
Bal. 1,500
Salaries and Wages Expense
3/31 3,800
Bal. 3,800
PROBLEM 0-6A (Continued)
(b)
Date
Account Titles and Explanation
Debit
Credit
Mar. 2
Rent Expense ………………………………………………………
Accounts Payable ………………………………………..
Cash ……………………………………………………………
(Rented films for cash and on
account)
10,000
8,000
2,000
3
No entry—not a transaction.
9
Cash
9,900
10
Accounts Payable ($8,000 + $2,900) ……………………..
(Paid creditors on account)
10,900
11
No entry—not a transaction.
12
Advertising Expense ……………………………………………
Cash ……………………………………………………………
(Paid advertising expenses)
500
500
20
Cash
8,300
31
Salaries and Wages Expense ……………………………….
(Paid salaries expense)
3,800
PROBLEM 0-6A (Continued)
Date
Account Titles and Explanation
Debit
Credit
Mar. 31
Cash
750
(d) TRIQUEL THEATER INC.
Trial Balance
March 31, 2017
Debit
Credit
Cash ……………………………………………………………………….
Accounts Receivable ……………………………………………….
Land ……………………………………………………………………….
Buildings …………………………………………………………………
Equipment ……………………………………………………………….
$ 32,750
750
38,000
22,000
16,000
PROBLEM 0-7A
(a) & (c)
Cash
8/26 2,000
Bal. 500
7/31 4,000
8/3 1,200
8/6 2,700
8/12 400
Accounts Receivable
7/31 1,500
8/7 3,500
8/24 1,000
8/3 1,200
8/18 3,500
Bal. 1,300
7/31 500
7/31 5,000
Bal. 3,500
8/14 900
Accounts Payable
8/6 2,700
7/31 4,100
8/12 800
8/28 275
Bal. 2,475
8/26 2,000
8/5 1,300
Bal. 275
8/31 500
Retained Earnings
7/31 3,400
Bal. 3,400
Service Revenue
8/7 6,500
8/24 1,000
Bal. 7,500
Advertising Expense
8/14 275
Bal. 275
Utilities Expense
PROBLEM 0-7A (Continued)
(b)
Date
Account Titles
Debit
Credit
Aug. 3
Cash
Accounts Receivable ………………………………………
1,200
1,200
5
Cash
Common Stock ……………………………………………….
1,300
1,300
6
Accounts Payable …………………………..………………………
Cash ………………………………………………………………
2,700
2,700
Accounts Receivable ………………………………………………
Service Revenue……………………………………………..
3,500
6,500
Cash ………………………………………………………………
Accounts Payable …………………………………………..
14
Salaries and Wages Expense …………………………………..
Rent Expense ……………………………………………………….
Advertising Expense ……………………………………………….
Cash ………………………………………………………………
3,500
900
275
4,675
18
Cash
Accounts Receivable ………………………………………
3,500
3,500
20
Dividends ……………………………………………………………….
Cash ………………………………………………………………
24
Accounts Receivable ………………………………………………
Service Revenue……………………………………………..
1,000
1,000
2,000
No entry
28
Utilities Expense …………………………………………………….
Accounts Payable …………………………………………..
31
Income Tax Expense …………………………..…………………..
Cash ………………………………………………………………
PROBLEM 0-7A (Continued)
(d) HILLS LEGAL SERVICES INC.
Trial Balance
August 31, 2017
Debit
Credit
Cash ……………………………………………………………………….
Accounts Receivable ……………………………………………….
Supplies ………………………………………………………………….
Equipment ……………………………………………………………….
$ 6,225
1,300
500
6,200
$20,175
$20,175
(Assets, Dividends, and Expenses have debit balances)
PROBLEM 0-8A
(a) & (c)
Cash
31 50
31 1,200
31 150
Bal. 5,100
Apr. 30 11,400
Bal. 11,400
Apr. 30 5,000
May 7 1,500
May 1 1,000
4 1,100
Supplies
Apr. 30 500
Bal. 500
Equipment
Apr. 30 24,000
Bal. 24,000
Bal. 1,200
Apr. 30 10,000
Bal. 10,000
May 15 700
Apr. 30 1,000
Bal. 1,200
Bal. 2,400
May 1 1,000
Bal. 1,000
May 22 700
Bal. 700
May 25 500
Bal. 500
Common Stock
Apr. 30 5,000
Bal. 5,000
15 800
15 700
22 1,000
29 1,700
29 600
Bal. 6,000
Salaries and Wages Expense
May 14 1,200
PROBLEM 0-8A (Continued)
Utilities Expense
May 25 400
Bal. 400
May 31 50
Bal. 50
May 31 150
Bal. 150
PROBLEM 0-8A (Continued)
(b)
Date
Account Titles
Debit
Credit
May 1
Rent Expense ……………………………………………………….
Cash ………………………………………………………………
1,000
1,000
4
Accounts Payable …………………………..………………………
Cash ………………………………………………………………
1,100
1,100
7
Cash
Unearned Service Revenue …………………………..
1,500
1,500
8
Cash
Service Revenue……………………………………………..
1,200
1,200
14
Salaries and Wages Expense …………………………………..
Cash ………………………………………………………………
1,200
1,200
15
Cash
Service Revenue……………………………………………..
800
800
15
Unearned Service Revenue …………………………..…………
Service Revenue……………………………………………..
700
700
21
Accounts Payable …………………………..………………………
Cash ………………………………………………………………
1,000
1,000
22
Cash
Service Revenue……………………………………………..
1,000
1,000
22
Supplies Expense …………………………………………………..
Accounts Payable …………………………………………..
700
700
PROBLEM 0-8A (Continued)
May 25
Advertising Expense ……………………………………………….
Accounts Payable …………………………………………..
500
500
25
Utilities Expense …………………………………………………….
Cash ………………………………………………………………
400
400
29
Cash
Service Revenue……………………………………………..
29
Unearned Service Revenue …………………………..…………
Service Revenue……………………………………………..
600
600
31
Interest Expense …………………………………………………….
Cash ………………………………………………………………
31
Salaries and Wages Expense …………………………………..
Cash ………………………………………………………………
31
Income Tax Expense …………………………..…………………..
Cash ………………………………………………………………
150
150