PROBLEM 2-1C (Continued)
Date
Account Titles and Explanation
Ref.
Debit
Credit
Mar. 25
Owner’s Drawings ………………………….
Cash ………………………………………
(Withdrew cash for personal
use)
2,000
2,000
(a)
J1
Date
Account Titles and Explanation
Ref.
Debit
Credit
Apr. 1
Cash………………………………………………..
101
45,000
Owner’s Capital ………………………..
301
45,000
(Owner’s investment of cash
in business)
1
No entry—not a transaction.
2
Rent Expense …………………………………..
729
Cash …………………………..……………
101
(Paid monthly office rent)
3
Supplies ………………………………………….
126
Accounts Payable …………………….
201
account)
10
Accounts Receivable ………………………..
112
1,800
Service Revenue ……………………….
400
1,800
(Billed clients for services
provided)
11
Cash………………………………………………..
101
500
Unearned Service Revenue ……….
209
500
(Received cash for future
service)
Service Revenue ……………………….
400
provided)
30
726
Cash …………………………..……………
101
(Paid monthly salary)
PROBLEM 2-2C (Continued)
Date
Account Titles and Explanation
Ref.
Debits
Credit
Apr. 30
Accounts Payable …………………………
201
600
Cash ……………………………………..
101
(b)
Cash No. 101
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 1
J1
35,000
45,000
2
J1
800
44,200
J1
500
44,700
1,500
J1
2,000
44,200
J1
600
43,600
Accounts Receivable No. 112
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 10
J1
1,800
1,800
Supplies No. 126
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 3
J1
1,500
1,500
Accounts Payable No. 201
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 3
J1
J1
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 11
J1
PROBLEM 2-2C (Continued)
Owner’s Capital No. 301
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 1
J1
45,000
45,000
Service Revenue No. 400
Date
Explanation
Ref.
Debit
Credit
Balance
Apr. 10
J1
Salaries and Wages Expense No. 726
Date
Explanation
Ref.
Debit
Credit
Balance
Rent Expense No. 729
Date
Explanation
Ref.
Debit
Credit
Balance
(c) BARBARA FAIR, ARCHITECT
Trial Balance
April 30, 2017
Debit
Credit
Cash …………………………………………………………… $43,600
Accounts Receivable …………………………………… 1,800
Supplies …………………………………………………….. 1,500
(a)
Trans.
Account Titles and Explanation
Debit
Credit
1.
Cash …………………………………………….
100,000
Owner’s Capital …………………….
100,000
2.
No entry—Not a transaction.
3.
Prepaid Rent …………………………………
36,000
Cash …………………………………….
36,000
4.
Equipment ……………………………………
60,000
Cash …………………………………….
20,000
Accounts Payable …………………
5.
Prepaid Insurance …………………………
3,000
Cash …………………………………….
3,000
6.
Supplies ……………………………………….
1,000
Cash …………………………………….
1,000
7.
Supplies ……………………………………….
3,000
Accounts Payable …………………
3,000
8.
Cash …………………………………………….
10,000
Accounts Receivable …………………….
20,000
Service Revenue …………………..
30,000
9.
Accounts Payable …………………………
800
Cash …………………………………….
800
Cash …………………………………………….
5,000
Accounts Receivable …………….
Utilities Expense …………………………..
400
Accounts Payable …………………
400
PROBLEM 2-3C (Continued)
Trans.
Account Titles and Explanation
Debit
Credit
12.
Salaries and Wages Expense ………..
6,000
Cash …………………………………….
6,000
(b)
Cash
(1) 100,000
(3) 36,000
(4) 20,000
(5) 3,000
(6) 1,000
(8) 10,000
(9) 800
(10) 5,000
(12) 6,000
(4) 40,000
(7) 3,000
(9) 800
(11) 400
42,600
Accounts Receivable
(8) 20,000
(10) 5,000
Supplies
(6) 1,000
(7) 3,000
4,000
Prepaid Insurance
(5) 3,000
3,000
Prepaid Rent
(3) 36,000
36,000
Equipment
(4) 60,000
60,000
Owner’s Capital
(1) 100,000
Service Revenue
(8) 30,000
30,000
Salaries and Wages Expense
(12) 6,000
6,000
Utilities Expense
(11) 400
400
PROBLEM 2-3C (Continued)
(c) HASKETT SERVICES
Trial Balance
May 31, 2017
Debit
Credit
Cash ……………………………………………………….. $ 48,200
Accounts Receivable ……………………………….. 15,000
Supplies …………………………………………………. 4,000
BILL BELLICHEK CO.
Trial Balance
June 30, 2017
Debit
Credit
Cash ($2,840 + $270) ………………………………………….. $ 3,110
Accounts Receivable ($3,231 – $270) ………………….. 2,961
(a)&(c)
Cash No. 101
Date
Explanation
Ref.
Debit
Credit
Balance
Mar. 1
Balance
16,000
2
J1
3,000
13,000
9
J1
6,500
19,500
10
J1
7,000
12,500
12
J1
11,700
20
J1
7,200
18,900
20
J1
3,000
15,900
31
J1
4,800
11,100
31
J1
11,500
31
J1
18,500
Accounts Receivable No. 112
Date
Explanation
Ref.
Debit
Credit
Balance
Mar. 31
J1
400
400
Land No. 140
Date
Explanation
Ref.
Debit
Credit
Balance
Mar. 1
Balance
42,000
Buildings No. 145
Date
Explanation
Ref.
Debit
Credit
Balance
Date
Explanation
Ref.
Debit
Credit
Balance
PROBLEM 2-5C (Continued)
Accounts Payable No. 201
Date
Explanation
Ref.
Debit
Credit
Balance
Mar. 1
Balance
12,000
2
J1
3,000
15,000
10
J1
7,000
8,000
Owner’s Capital No. 301
Date
Explanation
Ref.
Debit
Credit
Balance
Mar. 1
Balance
Service Revenue No. 400
Date
Explanation
Ref.
Debit
Credit
Balance
Mar. 9
J1
6,500
6,500
20
J1
31
J1
Rent Revenue No. 429
Date
Explanation
Ref.
Debit
Credit
Balance
Mar. 31
J1
800
800
Advertising Expense No. 610
Date
Explanation
Ref.
Debit
Credit
Balance
Mar. 12
J1
Rent Expense No. 632
Date
Explanation
Ref.
Debit
Credit
Balance
Mar. 2
J1
6,000
6,000
20
J1
3,000
9,000
PROBLEM 2-5C (Continued)
Salaries and Wages Expense No. 726
Date
Explanation
Ref.
Debit
Credit
Balance
Mar. 31
J1
4,800
4,800
(b)
J1
Date
Account Titles and Explanation
Ref.
Debit
Credit
Mar. 2
Rent Expense …………………………………
632
6,000
Accounts Payable …………………..
201
3,000
Cash ………………………………………
101
(Rented films for cash and
on account)
3
No entry.
9
Cash ………………………………………………
101
6,500
Service Revenue ……………………..
400
6,500
(Received cash for services
provided)
10
Accounts Payable ($3,000 + $4,000) ……
201
Cash ………………………………………
101
(Paid creditors on account)
11
No entry.
12
Advertising Expense ……………………….
610
800
Cash ………………………………………
101
800
(Paid advertising expense)
20
Cash ………………………………………………
101
7,200
Service Revenue ……………………..
400
7,200
(Received cash for services
20
Rent Expense …………………………………
632
PROBLEM 2-5C (Continued)
Date
Account Titles and Explanation
Ref.
Debit
Credit
Mar.31
Salaries and Wages Expense …………..
726
4,800
Cash ………………………………………
101
4,800
(Paid salaries expense)
31
Cash……………………………………………….
101
400
Accounts Receivable ……………………….
112
400
Rent Revenue
429
(Received cash and balance
31
Cash……………………………………………….
101
7,000
Service Revenue ……………………..
400
7,000
(Received cash for services
(d) JENSEN THEATER
Trial Balance
March 31, 2017
Debit
Credit
Cash ………………………………………………………..
$ 18,500
Accounts Receivable ………………………………..
400
Land …………………………..…………………………...
42,000
Buildings ………………………………………………….
18,000
Equipment………………………………………………..
16,000
Accounts Payable …………………………..………..
$ 8,000
Service Revenue ………………………………………
Rent Revenue …………………………………………..
Advertising Expense …………………………………
800
Rent Expense …………………………………………..
Salaries and Wages Expense …………………….
$109,500