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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
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
Accounts Receivable
Acct. No. 106
Date
Explanation
PR
Debit
Credit
Balance
Sept.
12
G1
15,400
15,400
Office Supplies
Acct. No. 124
Date
Explanation
PR
Debit
Credit
Balance
Sept.
4
G1
2,400
2,400
Prepaid Insurance
Acct. No. 128
Date
Explanation
PR
Debit
Credit
Balance
102
Problem 2-1B (Continued)
Accounts Payable
Acct. No. 201
Date
Explanation
PR
Debit
Credit
Balance
Sept.
4
G1
10,400
10,400
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
(n)
608
26,042
(o)
6,230
19,812
B. Grechus, Capital No. 301
(p)
1,800
18,012
Date
PR
Debit
Credit
Balance
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
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
Accounts Receivable
Acct. No. 106
Date
Explanation
PR
Debit
Credit
Balance
Nov.
12
G1
10,200
10,200
Office Supplies
Acct. No. 124
Date
Explanation
PR
Debit
Credit
Balance
Nov.
4
G1
600
600
110
Problem 2-3B (Continued)
M. Zucker, Capital
Acct. No. 301
Date
Explanation
PR
Debit
Credit
Balance
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
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.
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
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
(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
