Problem 2-1B (Continued)
Part 2
Cash
Acct. No. 101
Date
Explanation
PR
Debit
Balance
Sept.
1
G1
38,000
38,000
2
G1
8
G1
G1
G1
G1
G1
G1
Accounts Receivable
Acct. No. 106
Date
Explanation
PR
Debit
Balance
Sept.
G1
15,400
15,400
G1
G1
Office Supplies
Acct. No. 124
Date
Explanation
PR
Debit
Balance
Sept.
4
G1
G1
Prepaid Insurance
Acct. No. 128
Date
Explanation
PR
Debit
Credit
Balance
Sept.
G1
Prepaid Rent
Acct. No. 131
Date
Explanation
PR
Debit
Credit
Balance
Sept.
2
G1
Office Equipment
Acct. No. 163
Date
Explanation
PR
Debit
Credit
Balance
Sept.
1
G1
15,000
4
G1
Problem 2-1B (Continued)
Accounts Payable
Acct. No. 201
Date
Explanation
PR
Debit
Credit
Balance
Sept.
4
G1
G1
G1
Common Stock
Date
Explanation
PR
Debit
Balance
Sept.
1
G1
Dividends
Acct. No. 319
Date
Explanation
PR
Debit
Credit
Balance
Sept.
5,300
Services Revenue
Acct. No. 401
Date
Explanation
PR
Debit
Credit
Balance
Sept.
8
G1
3,280
3,280
G1
G1
2,100
Utilities Expense
Acct. No. 690
Date
Explanation
PR
Debit
Credit
Balance
Sept.
G1
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
d. Prepaid Insurance ……………………………….. 108 5,000
Problem 2-2B (Part 1 Continued)
i. Accounts Receivable …………………………... 106 10,200
l. Wages Expense …………………………………… 601 1,800
o. Dividends ……………………………………………. 319 6,230
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)
950
580
(d)
20,500
Date
PR
Debit
Credit
Balance
(k)
5,100
29,400
(b)
(l)
27,600
(m)
26,650
(n)
26,042
Date
PR
Debit
Credit
Balance
(q)
17,262
(a)
Accounts Receivable No. 106
Dividends No. 319
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
Date
PR
Debit
Credit
Balance
(e)
4,600
Date
PR
Debit
Credit
Balance
(g)
8,850
(d)
5,000
5,000
(i)
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
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
750
Repairs Expense No. 604
Problem 2-2B (Concluded)
Part 3
SOFTWORKS
Trial Balance
April 30
Debit Credit
Cash …………………………………………………….. $ 17,262
Accounts receivable ………………………………. 9,350
Problem 2-3B (90 minutes)
Part 1
Nov. 1 Cash……………………………………………………. 101 30,000
28 Dividends ……………………………………………. 319 5,300
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
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
29
G1
Acct. No. 128
Date
Explanation
PR
Debit
Credit
Balance
Nov.
19
G1
Acct. No. 131
Date
Explanation
PR
Debit
Credit
Balance
Nov.
2
G1
Office Equipment
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
Problem 2-3B (Continued)
Common Stock
Acct. No. 307
Date
Explanation
PR
Debit
Credit
Balance
Nov.
1
G1
45,000
45,000
Acct. No. 319
Date
Explanation
PR
Debit
Credit
Balance
Nov.
G1
Acct. No. 403
Date
Explanation
PR
Debit
Credit
Balance
Nov.
8
G1
G1
10,200
13,600
G1
15,350
Acct. No. 690
Date
Explanation
PR
Debit
Credit
Balance
Nov.
G1
Part 3
ZUCKER MANAGEMENT SERVICES
Trial Balance
November 30
Debit Credit
Cash ………………………………………………………… $23,069
Problem 2-4B (90 minutes)
Part 1
a. Cash …………………………………………………. 101 35,000
c. Office Supplies …………………………………. 108 500
Problem 2-4B (Part 1 Continued)
i. Accounts Payable …………………………….. 201 500
l. Salaries Expense ………………………………. 601 1,000
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)
20,000
Accounts Payable No. 201
Date
PR
Debit
Credit
Balance
(h)
21,660
(c)
(e)
1,700
(j)
17,760
(i)
1,200
(l)
16,760
(m)
Notes Payable No. 250
Date
PR
Debit
Credit
Balance
(b)
Accounts Receivable No. 106
Date
PR
Debit
Credit
Balance
(k)
4,200
4,200
Common Stock No. 307
(m)
Date
PR
Debit
Credit
Balance
(a)
(d)
Date
PR
Debit
Credit
Balance
(c)
Dividends No. 319
Office Equipment No. 163
Date
PR
Debit
Credit
Balance
Date
PR
Debit
Credit
Balance
(n)
1,100
1,100
(a)
11,000
11,000
(e)
1,200
Fees Earned No. 402
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
(l)
1,000
2,000
Building No. 170
Date
PR
Debit
Credit
Balance
Date
PR
Debit
Credit
Balance
(h)
Problem 2-4B (Concluded)
Part 3
NUNCIO CONSULTING
Trial Balance
June 30
Debit Credit
Cash …………………………………………………… $17,860
Problem 2-5B (60 minutes)
Part 1
TAMA CO.
Balance Sheet
December 31, 2015
Assets
Liabilities
Cash ……………………………..
$ 20,000
Accounts payable …………………………..
Total equity …………………………..
TAMA CO.
Balance Sheet
December 31, 2016
Assets
Liabilities
Cash ……………………………..
$ 5,000
Accounts payable …………………………..
$ 12,000
Note payable …………………………..
Total liabilities …………………………..
Building …………………………
Part 2
Calculation of 2016 net income:
Equity, December 31, 2015 …………………………………………………. $127,500