PROBLEM 3B-3 (CONTINUED)
ACCOUNTS PAYABLE
ACCOUNT NO. 211
Date
201X
Explanation
Post
Ref.
Debit
Balance
Debit
Credit
Nov.
1
GJ1
2
1
0
0
00
2
1
0
0
00
15
GJ1
3
0
0
00
2
4
0
0
00
29
GJ1
9
0
0
00
3
3
0
0
00
A. HOPPER, CAPITAL
ACCOUNT NO. 311
Date
201X
Explanation
Post
Ref.
Debit
Balance
Debit
Credit
Nov.
1
GJ1
15
0
0
0
00
15
0
0
0
00
A. HOPPER, WITHDRAWALS
ACCOUNT NO. 312
Date
201X
Explanation
Post
Ref.
Debit
Balance
Debit
Credit
Nov.
5
GJ1
1
0
0
0
00
1
0
0
0
00
PLACEMENT FEES EARNED
ACCOUNT NO. 411
Date
201X
Explanation
Post
Ref.
Debit
Balance
Debit
Credit
Nov.
3
GJ1
3
3
0
0
00
3
3
0
0
00
9
GJ1
0
0
0
00
3
0
0
00
WAGE EXPENSE
ACCOUNT NO. 511
Date
201X
Explanation
Post
Ref.
Debit
Balance
Debit
Credit
Nov.
7
GJ1
4
0
0
00
4
0
0
00
PROBLEM 3B-3 (CONCLUDED)
TELEPHONE EXPENSE
ACCOUNT NO. 521
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Nov.
GJ1
ADVERTISING EXPENSE
ACCOUNT NO. 531
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Nov.
GJ1
(c)
A. HOPPER’S PLACEMENT AGENCY
TRIAL BALANCE
NOVEMBER 30, 201X
Dr.
Cr.
Cash
27
4
0
0
00
Accounts Receivable
3
3
0
0
00
Supplies
3
0
0
00
Equipment
2
1
0
0
00
Accounts Payable
3
3
0
0
00
A. Hopper, Capital
15
0
0
0
00
A. Hopper, Withdrawals
1
0
0
0
00
Placement Fees Earned
17
3
0
0
00
Wage Expense
4
0
0
00
Telephone Expense
2
0
0
00
Advertising Expense
9
0
0
00
35
6
0
0
00
35
6
0
0
00
FINANCIAL REPORT PROBLEM SOLUTION—2016 Amazon.com, Inc.’s
Annual Report
Year Net Sales
KEEPING IT REAL: SUAREZ COMPUTER CENTER SOLUTION
Assignments 1, 2
SUAREZ COMPUTER CENTER
GENERAL JOURNAL
PAGE 1
Date
201X
Account Titles and Description
PR
Dr.
Cr.
9/1
Prepaid Rent
1025
1
5
0
0
00
Cash
1000
1
5
0
0
00
2
Cash
1000
4
2
0
00
Service Revenue
4000
4
2
0
00
6
Cash
1000
1
5
0
00
Service Revenue
4000
1
5
0
00
8
Accounts Payable
2000
2
0
0
00
Cash
1000
2
0
0
00
12
Cash
1000
1
1
0
0
00
Accounts Receivable
1020
1
1
0
0
00
15
Accounts Payable
2000
5
0
0
00
Cash
1000
5
0
0
00
17
Computer Shop Equipment
1080
2
1
0
0
00
Cash
1000
2
1
0
0
00
20
Phone Expense
5040
3
5
00
Accounts Payable
2000
3
5
00
22
Utilities Expense
5030
8
5
00
Accounts Payable
2000
8
5
00
26
Cash
1000
7
5
0
00
Service Revenue
4000
7
5
0
00
28
Accounts Receivable
1020
2
7
0
0
00
Service Revenue
4000
2
7
0
0
00
CASH
ACCOUNT NO. 1000
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
8/31
balance forward
√
10
9
7
0
00
GJ1
4
2
0
00
9
8
9
0
00
GJ1
1
5
0
00
10
0
4
0
00
8
GJ1
2
0
0
00
9
8
4
0
00
12
GJ1
1
1
0
0
00
10
9
4
0
00
15
GJ1
5
0
0
00
10
4
4
0
00
GJ1
7
5
0
00
9
0
9
0
00
ACCOUNTS RECEIVABLE
ACCOUNT NO. 1020
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
8/31
balance forward
√
1
1
0
0
00
9/12
1
1
0
0
00
–
0
–
2
7
0
0
00
2
7
0
0
00
PREPAID RENT
ACCOUNT NO. 1025
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
1
5
0
0
00
1
5
0
0
00
SUPPLIES
ACCOUNT NO. 1030
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
8/31
balance forward
√
1
0
0
0
00
COMPUTER SHOP
EQUIPMENT
ACCOUNT NO. 1080
201X
Explanation
Ref.
Debit
Credit
Debit
Credit
8/31
balance forward
√
1
2
6
0
00
9/17
2
1
0
0
00
3
3
6
0
00
Date
Post
Balance
OFFICE EQUIPMENT
ACCOUNT NO. 1090
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
8/31
balance forward
√
1
5
0
0
ACCOUNTS PAYABLE
ACCOUNT NO. 2000
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
8/31
balance forward
√
1
1
5
0
00
2
0
0
9
5
0
00
5
0
0
4
5
0
00
3
5
4
8
5
00
8
5
5
7
0
00
FALCO, CAPITAL
ACCOUNT NO. 3000
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
8/31
balance forward
√
5
0
0
00
FALCO, WITHDRAWALS
ACCOUNT NO. 3010
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
8/31
balance forward
√
1
5
0
0
SERVICE REVENUE
ACCOUNT NO. 4000
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
8/31
balance forward
√
5
6
0
0
00
9/2
GJ1
4
2
0
00
6
0
2
0
00
GJ1
1
5
0
00
6
1
7
0
00
GJ1
7
5
0
00
6
9
2
0
00
GJ1
2
7
0
0
00
9
6
2
0
00
ADVERTISING EXPENSE
ACCOUNT NO. 5010
201X
Explanation
Ref.
Debit
Credit
Debit
Credit
8/31
balance forward
√
5
0
0
00
Date
Post
Balance
RENT EXPENSE
ACCOUNT NO. 5020
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
balance forward
√
8
0
0
00
UTILITIES EXPENSE
ACCOUNT NO. 5030
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
PHONE EXPENSE
ACCOUNT NO. 5040
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
SUPPLIES EXPENSE
ACCOUNT NO. 5050
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
INSURANCE EXPENSE
ACCOUNT NO. 5060
201X
Explanation
Ref.
Debit
Credit
Debit
Credit
8/31
balance forward
3
Date
Post
Balance
POSTAGE EXPENSE
ACCOUNT NO. 5070
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
8/31
balance forward
Assignment 3
SUAREZ COMPUTER CENTER
TRIAL BALANCE
SEPTEMBER 30, 201X
Dr.
Cr.
Cash
9
0
9
0
00
Accounts Receivable
2
7
0
0
00
Prepaid Rent
1
5
0
0
00
Supplies
1
0
0
0
00
Computer Shop Equipment
3
3
6
0
00
Office Equipment
1
5
0
0
00
Accounts Payable
5
7
0
00
Falco, Capital
12
5
0
0
00
Falco, Withdrawals
1
5
0
0
00
Service Revenue
6
2
0
00
Advertising Expense
5
0
0
00
Rent Expense
8
0
0
00
Utilities Expense
1
8
5
00
Phone Expense
2
3
5
00
Insurance Expense
3
0
0
00
Postage Expense
2
0
00
6
9
0
00
6
9
0
00
Assignment 4
SUAREZ COMPUTER CENTER
INCOME STATEMENT
FOR THE QUARTER ENDED SEPTEMBER 30, 201X
Revenue:
Service Revenue
$ 9
6
2
0
00
Operating Expenses
Advertising Expense
5
0
0
00
Rent Expense
8
0
0
00
Utilities Expense
1
8
5
00
Phone Expense
2
3
5
00
Insurance Expense
3
0
0
00
Postage Expense
2
0
00
Total Operating Expenses
2
0
4
0
00
$ 7
5
8
0
00
SUAREZ COMPUTER CENTER
STATEMENT OF OWNER’S EQUITY
FOR THE QUARTER ENDED SEPTEMBER 30, 201X
Falco, Capital July 1, 201X
$
0
00
Investment in July
12
5
0
0
00
Total Investment in July thru September
12
5
0
0
00
Net Income
5
8
0
00
Less: Withdrawals for July thru September
5
0
0
00)
Net Increase in Capital
0
8
0
00
Falco, Capital September 30, 201X
5
8
0
00
SUAREZ COMPUTER CENTER
BALANCE SHEET
SEPTEMBER 30, 201X
ASSETS
LIABILITIES AND OWNER’S EQUITY
Cash
$ 9
0
9
0
00
Liabilities:
Accounts Receivable
2
7
0
0
00
Accounts Payable
$
5
7
0
Prepaid Rent
1
5
0
0
00
Supplies
0
0
0
00
Computer Shop Equipment
3
3
6
0
00
Falco, Capital
18
5
8
0
Office Equipment
1
5
0
0
00
Total Liabilities
1
5
0
00
$19
1
5
0