PROBLEM 3-5B
(a)
Date Account Titles and Explanation Debit Credit
May 1
Cash…………………………………………………………
100,000
2 No entry—not a transaction.
3 Supplies …………………………………………………..
800
11 Accounts Receivable ………………………………..
2,500
12 Cash…………………………………………………………
Unearned Service Revenue ………………..
4,200
4,200
31 Accounts Payable ($800 X 50%) ………………..
Cash ………………………………………………….
(Paid creditor on account)
400
400
PROBLEM 3-5B (Continued)
(b)
Cash
5/1 100,000
5/12 4,200
5/7 1,400
5/31 2,500
Supplies
5/3 800
Bal. 800
Accounts Payable
5/31 400 5/3 800
Common Stock
5/1 100,000
Salaries and Wages Expense
5/31 2,500
Bal. 2,500
PROBLEM 3-5B (Continued)
(c) ROYCE CONSULTING
Trial Balance
May 31, 2014
Debit Credit
Cash ……………………………………………………………
Accounts Receivable ……………………………………
$103,200
2,500
PROBLEM 3-6B
(a) & (c)
Cash
7/1 Bal. 15,532
7/8 10,189
7/9 2,100
7/14 4,810
Accounts Receivable
7/1 Bal. 10,536
7/22 4,700
7/8 10,189
Bal. 5,047
Equipment
7/1 Bal. 25,950
Bal. 25,950
Unearned Service Revenue
7/1 Bal. 1,810
Bal. 1,810
Common Stock
7/1 Bal. 25,000
Bal. 25,000
Dividends
7/31 400
Maintenance and Repairs
Expense
7/30 386
Utilities Expense
PROBLEM 3-6B (Continued)
(b)
Date Account Titles and Explanation Debit Credit
July 8 Cash ……………………………………………………….
.
10,189
9 Salaries and Wages Expense……………………
.
Cash …………………………………………………
.
(Paid salaries)
2,100
2,100
.
14 Accounts Payable ……………………………………
.
Cash …………………………………………………
.
(Paid creditors)
4,810
4,810
17 Supplies ………………………………………………….
.
Accounts Payable ……………………………..
.
(Purchased supplies on account)
720
720
.
.
31 Dividends ………………………………………………..
.
Cash …………………………………………………
.
(Payment of cash dividend)
400
400
PROBLEM 3-6B (Continued)
(d) AMERICAN DRY CLEANERS
Trial Balance
July 31, 2014
Debit Credit
Cash …………………………………………………………….
Accounts Receivable ……………………………………
Retained Earnings ………………………………………..
Dividends …………………………………………………….
Service Revenue …………………………………………..
$20,464
5,047
400
13,000
12,020
PROBLEM 3-7B
LINDBERGH COMPANY
Trial Balance
May 31, 2014
Debit Credit
Cash ($5,340 + $350
–
$441) ………………………………..
Accounts Receivable ($2,750 – $180 – $240) ………..
Common Stock ($5,700 + $600) ……………………………
Retained Earnings ………………………………………………
Dividends ($0 + $600) ………………………………………….
$ 5,249
2,330
600
6,300
6,000
PROBLEM 3-8B
(a) & (c)
Cash
4/1 Bal. 6,300
4/9 5,700
4/2 1,800
4/10 3,200
Accounts Receivable
4/30 170
Bal. 170
Land
4/1 Bal. 10,000
Bal. 10,000
Equipment
A
ccounts Payable
4/10 1,200 4/1 Bal. 2,300
4/20 750
Common Stock
4/9 5,700
4/25 3,000
Bal. 8,700
Sales Revenue
A
dvertising Expense
4/12 410
Bal. 410
PROBLEM 3-8B (Continued)
Rent Expense Salaries and Wages Expense
4/2 1,800 4/29 1,900
(b)
Date Account Titles and Explanation Debit Credit
Apr. 2 Rent Expense ………………………………………….
.
.
1,800
3 No entry—not a transaction.
9 Cash ……………………………………………………….
.
.
5,700
11 No entry—not a transaction.
12 Advertising Expense………………………………..
.
Cash …………………………………………………
.
.
.
410
410
PROBLEM 3-8B (Continued)
Date Account Titles and Explanation Debit Credit
Apr. 29 Salaries and Wages Expense ……………………
1,900
30 Cash ………………………………………………………..
Accounts Receivable ……………………………….
Sales Revenue (17% X $2,000) ……………..
170
170
340
30 Prepaid Rent ……………………………………………
1,200
(d) ROXY THEATER INC.
Trial Balance
April 30, 2014
Debit Credit
Cash …………………………………………………………
Accounts Receivable ………………………………..
Prepaid Rent …………………………………………….
$6,660
170
1,200
PROBLEM 3-9B
(a) Correct: 2, 7
Incorrect: 1, 3, 4, 5, 6, 8
(b) Error (1) In Balance (2) Difference (3) Larger Column
1. No $270 Credit
CCC3 CONTINUING COOKIE CHRONICLE
(a)
General Journal
Date Account Titles Debit Credit
Nov. 8 No journal entry required.
8 No journal entry required.
11 Supplies ……………………………………………….. 95
Cash ………………………………………………. 95
14 Supplies ……………………………………………….. 125
Cash ………………………………………………. 125
15 Equipment ……………………………………………. 300
Common Stock ………………………………. 300
25 Cash …………………………………………………….. 60
Unearned Service Revenue …………….. 60
29 Cash …………………………………………………….. 100
Service Revenue …………………………….. 100
CONTINUING COOKIE CHRONICLE (Continued)
Date Account Titles Debit Credit
Nov. 30 Website ……………………………………………….. 600
Accounts Payable ………………………….. 600
(b)
Cash
Nov. 8 500 Nov. 11 9
5
Nov. 16 2,000 Nov. 14 12
5
Accounts Receivable
Nov. 30 300
Nov. 30 Bal. 300
Equipment
Nov. 15 300
Nov. 17 900
Nov. 30 Bal. 600
A
ccounts Payable
Nov. 30 600
Nov. 30 50