PROBLEM 3A-3
(a, b)
A. FREEMAN’S PLACEMENT AGENCY
GENERAL JOURNAL
PAGE 1
Date
201X
Account Titles and Description
PR
Dr.
Cr.
Sep.
1
Cash
111
6
0
0
0
00
0
211
1
8
0
0
3
Accounts Receivable
112
2
1
0
0
00
411
2
1
0
0
Fee earned on account
5
A. Freeman, Withdrawals
312
5
0
0
00
111
5
0
0
Owner withdrawal
7
Wage Expense
511
6
0
0
00
111
6
0
0
Wages paid
9
Cash
111
1
3
0
0
00
Placement Fees Earned
411
1
3
0
0
00
Fee earned for cash
15
Supplies
131
2
5
0
00
Accounts Payable
211
2
5
0
00
Purchase of supplies on account
28
Telephone Expense
521
2
1
0
00
Cash
111
2
1
0
00
Paid telephone bill
Advertising Expense
PROBLEM 3A-3 (CONTINUED)
GENERAL LEDGER OF A. FREEMAN’S PLACEMENT AGENCY
CASH
ACCOUNT NO. 111
Balance
Date
201X
Explanation
Post
Ref.
Debit
Credit
Debit
Credit
Sep
1
GJ1
6
0
0
0
00
6
0
0
0
00
5
GJ1
5
0
0
00
5
5
0
0
00
7
GJ1
6
0
0
00
4
9
0
0
00
9
GJ1
1
3
0
0
00
6
2
0
0
00
GJ1
2
1
0
00
5
9
9
0
00
ACCOUNTS RECEIVABLE
ACCOUNT NO. 112
Balance
Date
201X
Explanation
Post
Ref.
Debit
Credit
Debit
Credit
Sep
GJ1
2
2
SUPPLIES
ACCOUNT NO. 131
Balance
Date
201X
Explanation
Post
Ref.
Debit
Credit
Debit
Credit
EQUIPMENT
ACCOUNT NO. 141
Balance
201X
Ref.
Date
Explanation
Post
Debit
Credit
Debit
Credit
PROBLEM 3A-3 (CONTINUED)
ACCOUNTS PAYABLE
ACCOUNT NO. 211
Balance
Date
201X
Explanation
Post
Ref.
Debit
Credit
Debit
Credit
Sep
1
GJ1
1
8
0
0
00
1
8
0
0
00
GJ1
2
5
0
00
2
0
5
0
00
GJ1
1
1
0
00
2
1
6
0
00
A. FREEMAN, CAPITAL
ACCOUNT NO. 311
Balance
201X
Ref.
Sep
1
GJ1
6
0
0
0
00
6
0
0
0
00
Date
Explanation
Post
Debit
Credit
Debit
Credit
A. FREEMAN,
WITHDRAWALS
ACCOUNT NO. 312
Balance
Date
201X
Explanation
Post
Ref.
Debit
Credit
Debit
Credit
Sep
5
GJ1
5
0
0
00
5
0
0
00
PLACEMENT FEES EARNED
ACCOUNT NO. 411
Balance
201X
Ref.
Sep
3
GJ1
2
1
0
0
00
2
1
0
0
00
9
GJ1
1
3
0
0
00
3
4
0
0
00
Date
Explanation
Post
Debit
Credit
Debit
Credit
WAGE EXPENSE
ACCOUNT NO. 511
Balance
Date
201X
Explanation
Post
Ref.
Debit
Credit
Debit
Credit
Sep
7
GJ1
6
0
0
00
6
0
0
PROBLEM 3A-3 (CONCLUDED)
TELEPHONE EXPENSE
ACCOUNT NO. 521
Balance
201X
Ref.
Sep.
GJ1
2
1
2
Date
Explanation
Post
Debit
Credit
Debit
Credit
ADVERTISING EXPENSE
ACCOUNT NO. 531
Balance
Date
201X
Explanation
Post
Ref.
Debit
Credit
Debit
Credit
Sep.
GJ1
1
1
1
(c)
A. FREEMAN’S PLACEMENT AGENCY
TRIAL BALANCE
SEPTEMBER 30, 201X
Dr.
Cr.
Cash
5
9
9
0
00
Accounts Receivable
2
1
0
0
00
Supplies
2
5
0
00
Accounts Payable
6
0
0
0
Placement Fees Earned
4
Wage Expense
6
0
0
00
Advertising Expense
SOLUTIONS TO B PROBLEMS
PROBLEM 3B-1
JARAD‘S CLEANING SERVICE
GENERAL JOURNAL
PAGE 1
Date
201X
Account Titles and Description
PR
Dr.
Cr.
May
1
Prepaid Rent
12
0
0
0
00
0
0
0
6
Cleaning Equipment
6
0
0
0
00
Account Payable
6
0
0
0
00
Purchased equipment on account
12
Cleaning Supplies
1
0
0
0
00
Cash
1
0
0
0
00
Paid cash for supplies
14
Cash
1
9
0
0
00
Cleaning Fees Earned
1
9
0
0
00
20
Jared Stone, Withdrawals
4
5
0
00
Cash
4
5
0
00
Advertising Expense
3
0
0
3
0
0
00
25
Electrical Expense
8
0
00
Cash
8
0
00
28
Salaries Expense
1
1
0
0
00
Cash
1
1
0
0
00
PROBLEM 3B-1 (CONCLUDED)
JARAD’S CLEANING SERVICE
GENERAL JOURNAL
PAGE 2
Date
201X
Account Titles and Description
PR
Dr.
Cr.
May
29
Accounts Receivable
1
8
0
0
00
3
0
0
Paid on account
PROBLEM 3B-2
(a, b)
BETTE‘S ART STUDIO
GENERAL JOURNAL PAGE 1
Date
201X
Account Titles and Description
PR
Dr.
Cr.
Nov.
1
Cash
111
25
0
0
0
00
Bette Sirota, Capital
311
25
0
0
0
00
Owner investment
1
Prepaid Rent
114
4
2
0
0
00
Cash
111
4
2
0
0
00
Rent paid in advance
3
Equipment
131
2
5
0
0
00
Accounts Payable
211
2
5
0
0
00
Purchase of equipment on account
5
Cash
111
2
0
0
0
00
Art Fees Earned
411
2
0
0
0
00
Fees earned for cash
8
Art Supplies
121
1
5
0
00
Cash
111
1
5
0
00
Purchase of supplies for cash
9
Accounts Receivable
112
3
9
0
0
00
Art Fees Earned
411
3
9
0
0
00
Fees earned on account
Salaries Expense
521
1
4
0
0
00
Cash
111
1
4
0
0
00
Salaries paid
Bette Sirota, Withdrawals
312
1
1
0
0
00
Cash
111
1
1
0
0
00
Owner withdrawal
28
Electrical Expense
511
1
3
0
00
Cash
111
1
3
0
00
Paid electrical bill
Telephone Expense
531
1
4
0
00
Cash
1
4
0
00
Paid telephone bill
PROBLEM 3B-2 (CONTINUED)
GENERAL LEDGER OF BETTE‘S ART STUDIO
CASH
ACCOUNT NO. 111
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Nov.
1
GJ1
25
0
0
0
00
25
0
0
0
00
1
GJ1
4
2
0
0
00
8
0
0
00
5
GJ1
2
0
0
0
00
8
0
0
00
8
GJ1
1
5
0
00
6
5
0
00
GJ1
1
4
0
0
00
2
5
0
00
GJ1
1
1
0
0
00
1
5
0
00
GJ1
1
3
0
00
0
2
0
00
GJ1
1
4
0
00
8
8
0
00
ACCOUNTS RECEIVABLE
ACCOUNT NO. 112
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
PREPAID RENT
ACCOUNT NO. 114
201X
Explanation
Ref.
Debit
Credit
Debit
Credit
Date
Post
Balance
ART SUPPLIES
ACCOUNT NO. 121
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
8
GJ1
PROBLEM 3B-2 (CONTINUED)
EQUIPMENT
ACCOUNT NO. 131
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
3
GJ1
ACCOUNTS PAYABLE
ACCOUNT NO. 211
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
3
GJ1
BETTE SIROTA, CAPITAL
ACCOUNT NO. 311
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
1
GJ1
BETTE SIROTA,
WITHDRAWALS
ACCOUNT NO. 312
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
GJ1
ART FEES EARNED
ACCOUNT NO. 411
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
5
GJ1
9
GJ1
PROBLEM 3B-2 (CONCLUDED)
ELECTRICAL EXPENSE
ACCOUNT NO. 511
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Nov.
GJ1
SALARIES EXPENSE
ACCOUNT NO. 521
201X
Explanation
Ref.
Debit
Credit
Debit
Credit
Nov.
GJ1
1
1
Date
Post
Balance
TELEPHONE EXPENSE
ACCOUNT NO. 531
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Nov.
GJ1
(c)
BETTE‘S ART STUDIO
TRIAL BALANCE
NOVEMBER 30, 201X
Dr.
Cr.
Cash
19
8
8
0
00
Accounts Receivable
3
9
0
0
00
Prepaid Rent
4
2
0
0
00
Art Supplies
1
0
00
Equipment
2
5
0
0
00
Accounts Payable
2
5
0
0
00
Bette Sirota, Capital
25
0
0
0
00
Bette Sirota, Withdrawals
1
1
0
0
00
Art Fees Earned
5
9
0
0
00
Electrical Expense
1
3
0
00
Salaries Expense
1
4
0
0
00
Telephone Expense
1
4
0
00
Totals
33
4
0
0
00
33
4
0
0
00
PROBLEM 3B-3
(a, b)
A. HOPPER‘S PLACEMENT AGENCY
GENERAL JOURNAL
PAGE 1
Nov.
1
Cash
111
15
0
0
0
00
A. Hopper, Capital
311
0
0
0
00
Owner investment
1
Equipment
141
2
1
0
0
00
Accounts Payable
2
1
0
0
00
Date
Purchase of equipment on account
3
Accounts Receivable
112
3
3
0
0
00
Placement Fees Earned
411
3
3
0
0
00
Fee earned on account
5
A. Hopper, Withdrawals
312
1
0
0
0
00
Cash
111
1
0
0
0
00
Owner withdrawal
7
Wage Expense
511
4
0
0
00
Cash
111
4
0
0
00
Wages paid
9
Cash
111
0
0
0
00
Placement Fees Earned
411
0
0
0
00
Fee earned for cash
15
Supplies
131
3
0
0
00
Accounts Payable
211
3
0
0
00
Purchase of supplies on account
28
Telephone Expense
521
2
0
0
00
Cash
2
0
0
00
Paid telephone bill
29
Advertising Expense
531
9
0
0
00
PROBLEM 3B-3 (CONTINUED)
GENERAL LEDGER OF A. HOPPER‘S PLACEMENT AGENCY
CASH
ACCOUNT NO. 111
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Nov.
1
GJ1
15
0
0
0
00
15
0
0
0
00
5
GJ1
1
0
0
0
00
14
0
0
0
00
7
GJ1
4
0
0
00
13
6
0
0
00
9
GJ1
14
0
0
0
00
27
6
0
0
00
GJ1
2
0
0
00
27
4
0
0
00
ACCOUNTS RECEIVABLE
ACCOUNT NO. 112
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Nov.
3
GJ1
3
3
0
0
00
3
3
0
0
00
SUPPLIES
ACCOUNT NO. 131
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Nov.
GJ1
3
0
0
00
3
0
0
00
EQUIPMENT
ACCOUNT NO. 141
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Nov.
1
GJ1
2
1
0
0
00
2
1
0
0