99
Problem 2-6A (35 minutes)
Part 1
MIN ENGINEERING
Trial Balance
May 31
Debit Credit
Cash ……………………………………………………. $37,600
Part 2
Cash
(a)
18,000
(b)
7,540
36,000
4,600
3,370
Balance
37,600
Wild, Shaw, Chiappetta, FAP 23e Solutions Manual: Chapter 2
100
PROBLEM SET B
Problem 2-1B (90 minutes)
Part 1
Sept. 1 Cash …………………………………………………. 101 38,000
Office Equipment ………………………………. 163 15,000
8 Cash …………………………………………………. 101 3,280
Services Revenue ………………………. 401 3,280
Received cash for services.
12 Accounts Receivable ………………………… 106 15,400
Services Revenue ………………………. 401 15,400
Billed client for completed work.
101
Problem 2-1B (Continued)
Part 2
Cash
Acct. No. 101
Date
Explanation
PR
Debit
Credit
Balance
Sept.
1
G1
38,000
38,000
2
G1
9,000
29,000
8
G1
3,280
32,280
13
G1
21,880
19
G1
19,980
22
G1
7,700
27,680
28
G1
5,300
22,380
30
G1
21,520
Accounts Receivable
Acct. No. 106
Date
Explanation
PR
Debit
Credit
Balance
Sept.
12
G1
15,400
15,400
22
G1
7,700
7,700
24
G1
9,800
Office Supplies
Acct. No. 124
Date
Explanation
PR
Debit
Credit
Balance
Sept.
4
G1
2,400
2,400
29
G1
2,950
Prepaid Insurance
Acct. No. 128
Date
Explanation
PR
Debit
Credit
Balance
Sept.
19
G1
1,900
Date
Explanation
PR
Debit
Credit
Balance
Sept.
2
G1
9,000
Acct. No. 163
Date
Explanation
PR
Debit
Credit
Balance
Sept.
1
G1
15,000
4
G1
8,000
102
Problem 2-1B (Continued)
Accounts Payable
Acct. No. 201
Date
Explanation
PR
Debit
Credit
Balance
Sept.
4
G1
10,400
10,400
G1
G1
Date
Explanation
PR
Debit
Balance
Sept.
1
G1
53,000
Date
Explanation
PR
Balance
Sept.
Date
Explanation
PR
Debit
Credit
Balance
Sept.
8
G1
G1
18,680
G1
20,780
Utilities Expense
Acct. No. 690
Date
Explanation
PR
Debit
Credit
Balance
Sept.
G1
103
Problem 2-1B (Concluded)
Part 3
HUMBLE MANAGEMENT SERVICES
Trial Balance
September 30
Debit Credit
Cash ………………………………………………………… $21,520
Accounts receivable ………………………………… 9,800
Problem 2-2B (90 minutes)
Part 1
a. Cash……………………………………………………. 101 65,000
Office Equipment …………………………………. 163 5,750
d. Prepaid Insurance ……………………………….. 108 5,000
Cash …………………………………………….. 101 5,000
Purchased 24-month insurance policy.
e. Cash……………………………………………………. 101 4,600
Fees Earned …………………………………. 402 4,600
Collected cash for completed work.
105
Problem 2-2B (Part 1 Continued)
i. Accounts Receivable …………………………... 106 10,200
Fees Earned …………………………………. 402 10,200
Billed client for completed work.
106
Problem 2-2B (Continued)
Part 2
Cash No. 101
Accounts Payable No. 201
Date
PR
Debit
Credit
Balance
Date
PR
Debit
Credit
Balance
(a)
65,000
65,000
(h)
950
950
(b)
60,000
(j)
580
1,530
(c)
25,500
(m)
580
(d)
20,500
(e)
25,100
Notes Payable No. 250
24,300
Date
PR
Debit
Credit
Balance
(k)
5,100
29,400
(b)
(l)
27,600
950
26,650
(n)
608
26,042
(o)
6,230
19,812
B. Grechus, Capital No. 301
(p)
1,800
18,012
Date
PR
Debit
Credit
Balance
(q)
750
17,262
(a)
Accounts Receivable No. 106
Date
PR
Debit
Credit
Balance
Date
PR
Debit
Credit
Balance
(g)
4,250
4,250
(o)
6,230
6,230
(i)
10,200
14,450
(k)
5,100
Fees Earned No. 402
Date
PR
Debit
Credit
Balance
(e)
4,600
Date
PR
Debit
Credit
Balance
(g)
8,850
(d)
5,000
5,000
(i)
Office Equipment No. 163
Wages Expense No. 601
Date
PR
Debit
Credit
Balance
Date
PR
Debit
Credit
Balance
(a)
5,750
5,750
(l)
1,800
1,800
(h)
6,700
(p)
1,800
3,600
Computer Equipment No. 164
Computer Rental Expense No. 602
Date
PR
Debit
Credit
Balance
Date
PR
Debit
Credit
Balance
(a)
30,000
30,000
(j)
580
4,500
34,500
Building No. 170
Advertising Expense No. 603
Date
PR
Debit
Credit
Balance
Date
PR
Debit
Credit
Balance
(c)
34,500
34,500
(q)
750
Repairs Expense No. 604
Date
PR
Debit
Credit
Balance
Date
PR
Debit
Credit
Balance
107
Problem 2-2B (Concluded)
Part 3
SOFTWORKS
Trial Balance
April 30
Debit Credit
Cash …………………………………………………….. $ 17,262
108
Problem 2-3B (90 minutes)
Part 1
Nov. 1 Cash……………………………………………………. 101 30,000
12 Accounts Receivable …………………………... 106 10,200
109
Problem 2-3B (Continued)
Part 2
Cash
Acct. No. 101
Date
Explanation
PR
Debit
Credit
Balance
Nov.
1
G1
30,000
30,000
2
G1
25,500
8
G1
28,900
13
G1
25,800
19
G1
24,000
22
G1
29,200
28
G1
23,900
30
G1
831
23,069
Accounts Receivable
Acct. No. 106
Date
Explanation
PR
Debit
Credit
Balance
Nov.
12
G1
10,200
10,200
22
G1
24
G1
Office Supplies
Acct. No. 124
Date
Explanation
PR
Debit
Credit
Balance
Nov.
4
G1
600
600
29
G1
249
849
Acct. No. 128
Date
Explanation
PR
Debit
Credit
Balance
Nov.
19
G1
Acct. No. 131
Date
Explanation
PR
Debit
Credit
Balance
Nov.
2
G1
Acct. No. 163
Date
Explanation
PR
Debit
Credit
Balance
Nov.
1
G1
15,000
15,000
4
G1
17,500
Acct. No. 201
Date
Explanation
PR
Debit
Balance
Nov.
4
G1
13
G1
110
Problem 2-3B (Continued)
M. Zucker, Capital
Acct. No. 301
Date
Explanation
PR
Debit
Credit
Balance
G1
M. Zucker, Withdrawals
Acct. No. 302
Date
Explanation
PR
Debit
Credit
Balance
Nov.
28
G1
5,300
5,300
Services Revenue
Acct. No. 403
Date
Explanation
PR
Debit
Credit
Balance
G1
3,400
3,400
12
G1
24
G1
1,750
Utilities Expense
Acct. No. 690
Date
Explanation
PR
Debit
Credit
Balance
30
G1
Part 3
ZUCKER MANAGEMENT SERVICES
Trial Balance
November 30
Debit Credit
Cash ………………………………………………………… $23,069
111
Problem 2-4B (90 minutes)
Part 1
a. Cash …………………………………………………. 101 35,000
b. Land …………………………………………………. 172 7,500
c. Office Supplies …………………………………. 108 500
Accounts Payable ………………………. 201 500
Purchased office supplies on account.
Problem 2-4B
Part 1—Concluded
i. Accounts Payable …………………………….. 201 500
Cash ………………………………………….. 101 500
Paid cash on account.
Date
PR
Debit
Credit
Balance
(g)
3,200
(k)
7,400
Automobiles No. 164
Salaries Expense No. 601
Date
PR
Debit
Credit
Balance
Date
PR
Debit
Credit
Balance
(d)
1,000
1,000
1,000
2,000
Building No. 170
Date
PR
Debit
Credit
Balance
Date
PR
Debit
Balance
(h)
Problem 2-4B (Continued) Part 2
Cash No. 101
Land No. 172
Date
PR
Debit
Credit
Balance
Date
PR
Debit
Credit
Balance
(a)
35,000
35,000
(b)
7,500
7,500
(b)
15,000
20,000
19,000
Accounts Payable No. 201
Date
PR
Debit
Credit
Balance
(h)
21,660
(c)
(e)
1,700
17,760
1,200
16,760
Notes Payable No. 250
Date
PR
Debit
Credit
Balance
(b)
32,500
32,500
Accounts Receivable No. 106
Date
PR
Debit
Credit
Balance
(k)
4,200
4,200
A. Nuncio, Capital No. 301
Date
PR
Debit
Credit
Balance
(a)
46,000
46,000
(d)
Date
PR
Debit
Credit
Balance
(c)
A. Nuncio, Withdrawals No. 302
Date
PR
Debit
Balance
Date
PR
Debit
Credit
Balance
(n)
1,100
1,100
(a)
11,000
11,000
(e)
1,200
12,200
Fees Earned No. 402
114
Problem 2-4B (Concluded)
Part 3
NUNCIO CONSULTING
Trial Balance
June 30
Debit Credit
Cash …………………………………………………… $17,860