Wages Expense 51
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Nov.
Rent Expense 53
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Nov.
Utilities Expense 54
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Nov.
Truck Expense 55
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Nov.
Miscellaneous Expense 59
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Nov.
3.
Cash
Accounts Receivable
Supplies
Prepaid Insurance
Equipment
Truck
Notes Payable
Accounts Payable
Common Stock
Dividends
Fees Earned
Wages Expense
Rent Expense
Utilities Expense
Truck Expense
Miscellaneous Expense
4.
Balance
Balance
November 30, 2016
FIRST-CLASS DESIGNS
Unadjusted Trial Balance
Balance
Balance
Balance
5.
(Key essay answer here)
Score:
Key Code:
Enter the appropriate amounts/formulas in the answer cells, or select from the drop-down list.
In journal entries, dates will not be graded. In the general ledger accounts, only the final balance of the account
will be graded. An asterisk (*) will appear to the right of incorrect entries in outlined answer cells.
Essay answers will not be graded.
In the trial balance, enter a zero where you would otherwise leave an amount cell blank.
1.
Page 1
Post
Date Ref. Debit Credit
2016
Nov. 1 11 27,750
31 27,750
153 4,000
11 4,000
616 12,880
22 12,880
Page 2
Post
Date Ref. Debit Credit
2016
Nov. 29 54 3,660
11 3,660
JOURNAL
Description
JOURNAL
Rent Expense
Cash
Cash
Cells with non-gray backgrounds are protected and cannot be edited.
ON
Common Stock
Accounts Payable
Instructions
Answers are entered in the cells with gray backgrounds.
Equipment
Description
Name:
Solution
Section:
Utilities Expense
Cash
Problem 2-3A
Notes Payable
Cash
Cash
Truck
Accounts Receivable
Cash
Truck Expense
Accounts Payable
Supplies
Fees Earned
Fees Earned
2. Cash 11
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Nov. 1 1 27,750 27,750
1 1 4,000 23,750
8 1 6,500 17,250
10 11,860 15,390
12 17,500 22,890
15 12,400 20,490
Accounts Receivable 12
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Nov. 23 112,440 12,440
30 28,000 4,440
Supplies 13
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Prepaid Insurance 14
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Nov. 15 12,400 2,400
Equipment 16
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Post
Balance
Balance
Balance
Balance
Balance
Balance
Notes Payable 21
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Nov. 8 1 26,000 26,000
Accounts Payable 22
Post
Date Item Ref. Dr. Cr. Dr. Cr.
Dividends 33
Post
Date Item Ref. Dr. Cr. Dr. Cr.
Post
Date Item Ref. Dr. Cr. Dr. Cr.
Balance
2016
Nov. 30 22,000 2,000
Balance
Balance
Balance
Balance
Wages Expense 51
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Nov. 30 24,750 4,750
Rent Expense 53
Post
Date Item Ref. Dr. Cr. Dr. Cr.
Utilities Expense 54
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Nov. 29 23,660 3,660
Miscellaneous Expense 59
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Nov. 29 21,700 1,700
3.
Cash 10,160 –
Accounts Receivable 4,440 –
Supplies 1,860 –
Prepaid Insurance 2,400 –
Equipment 12,880 –
Truck 32,500 –
Notes Payable – 26,000
Accounts Payable – 7,760
Balance
Balance
Balance
November 30, 2016
CLASSIC DESIGNS
Unadjusted Trial Balance
Balance
2016
4.
$4,730
c.
Some supplies may have been used during November, but no supplies expense has been
recorded.
Score:
Key Code:
Enter the appropriate amounts/formulas in the answer cells, or select from the drop-down list.
In journal entries, dates will not be graded. In the general ledger accounts, only the final balance of the account
will be graded. An asterisk (*) will appear to the right of incorrect entries in outlined answer cells.
Essay answers will not be graded.
In the trial balance, enter a zero where you would otherwise leave an amount cell blank.
1.
Page 1
Post
Date Ref. Debit Credit
2016
Oct.
Page 2
Post
Date Ref. Debit Credit
2016
Oct.
Description
Problem 2-3B
Name:
Section:
Cells with non-gray backgrounds are protected and cannot be edited.
[Key code here]
Instructions
Answers are entered in the cells with gray backgrounds.
JOURNAL
JOURNAL
0%
Description
2.
GENERAL LEDGER
Cash 11
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct.
Accounts Receivable 12
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct.
Supplies 13
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct.
Prepaid Insurance 14
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct.
Equipment 16
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct.
Truck 18
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct.
Balance
Balance
Balance
Balance
Balance
Balance
Notes Payable 21
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct.
Accounts Payable 22
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct.
Common Stock 31
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct.
Dividends 32
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct.
Fees Earned 41
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct.
Balance
Balance
Balance
Balance
Balance
Wages Expense 51
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct.
Rent Expense 53
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct.
Utilities Expense 54
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct.
Truck Expense 55
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct.
Miscellaneous Expense 59
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct.
3.
Cash
Accounts Receivable
Supplies
Prepaid Insurance
Equipment
Truck
Notes Payable
Accounts Payable
Common Stock
Dividends
Fees Earned
Wages Expense
Rent Expense
Utilities Expense
Truck Expense
Miscellaneous Expense
Balance
Balance
Balance
October 31, 2016
PIONEER DESIGNS
Unadjusted Trial Balance
Balance
Balance
4.
5.
(Key essay answer here)
Score:
Key Code:
Enter the appropriate amounts/formulas in the answer cells, or select from the drop-down list.
In journal entries, dates will not be graded. In the general ledger accounts, only the final balance of the account
will be graded. An asterisk (*) will appear to the right of incorrect entries in outlined answer cells.
Essay answers will not be graded.
In the trial balance, enter a zero where you would otherwise leave an amount cell blank.
1.
Page 1
Post
Date Ref. Debit Credit
2016
Oct. 1 11 18,000
31 18,000
453 3,000
11 3,000
Page 2
Post
Date Ref. Debit Credit
2016
Oct. 21 22 2,000
11 2,000
Answers are entered in the cells with gray backgrounds.
Description
Name:
Solution
Section:
JOURNAL
Cells with non-gray backgrounds are protected and cannot be edited.
ON
Instructions
Problem 2-3B
Cash
Common Stock
Rent Expense
Cash
Accounts Payable
Cash
JOURNAL
Description
Cash
Fees Earned
Prepaid Insurance
Cash
Equipment
Truck
Supplies
Accounts Payable
Cash
Cash
27 54 2,240
11 2,240
27 59 1,100
11 1,100
Miscellaneous Expense
Cash
GENERAL LEDGER
Utilities Expense
Cash
Cash
Wages Expense
Cash
2. Cash 11
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct. 1 1 18,000 18,000
4 1 3,000 15,000
10 13,750 11,250
14 12,100 9,150
15 13,600 5,550
15 18,950 14,500
21 22,000 12,500
27 22,240 10,260
27 21,100 9,160
29 27,600 16,760
30 24,800 11,960
31 23,500 8,460
Accounts Receivable 12
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct. 24 214,150 14,150
29 27,600 6,550
Supplies 13
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct. 14 12,100 2,100
Prepaid Insurance 14
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct. 15 13,600 3,600
Equipment 16
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct. 13 110,500 10,500
Truck 18
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct. 10 123,750 23,750
Balance
Balance
Balance
Balance
Balance
Balance
Notes Payable 21
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct. 10 120,000 20,000
Accounts Payable 22
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct. 13 110,500 10,500
21 22,000 8,500
26 2700 9,200
Common Stock 31
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct. 1 1 18,000 18,000
Dividends 33
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct. 31 23,500 3,500
Fees Earned 41
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct. 15 18,950 8,950
24 214,150 23,100
Balance
Balance
Balance
Balance
Balance
Wages Expense 51
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct. 30 24,800 4,800
Rent Expense 53
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct. 4 1 3,000 3,000
Utilities Expense 54
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct. 27 22,240 2,240
Truck Expense 55
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct. 26 2700 700
Miscellaneous Expense 59
Post
Date Item Ref. Dr. Cr. Dr. Cr.
2016
Oct. 27 21,100 1,100
3.
Cash 8,460 –
Accounts Receivable 6,550 –
Supplies 2,100 –
Prepaid Insurance 3,600 –
Equipment 10,500 –
Truck 23,750 –
Notes Payable – 20,000
Accounts Payable – 9,200
Common Stock – 18,000
Dividends 3,500 –
Fees Earned – 23,100
Wages Expense 4,800 –
Rent Expense 3,000 –
Utilities Expense 2,240 –
Truck Expense 700 –
Miscellaneous Expense 1,100 –
70,300 70,300
October 31, 2016
PIONEER DESIGNS
Unadjusted Trial Balance
Balance
Balance
Balance
Balance
Balance
4.
$11,260
5.
Some supplies may have been used during October, but no supplies expense has been
recorded.
As will be discussed in Chapter 3, adjustments are necessary at the end of the accounting
period to bring the accounts up to date. For example, adjustments for supplies used,
insurance expired, and depreciation would probably be required by Pioneer Designs.