CCC2

(a)

Nov.

CONTINUING COOKIE CHRONICLE

GENERAL JOURNAL
Account Titles and Explanation

Debit

J1
Credit

8 No entry required for cashing U.S.

Savings Bondsthis is a personal
transaction.
8 Cash ....................................................................
N. Koebel, Capital......................................

500

11 Advertising Supplies .....................................

Cash...............................................................

165

13 Baking Supplies ..............................................

Cash...............................................................

125

14 Baking Equipment..........................................
N. Koebel, Capital......................................

300

16 Cash ....................................................................
Notes Payable.............................................

2,000

17 Baking Equipment..........................................
Cash...............................................................

900

20 Cash ....................................................................
Teaching Revenue ....................................

125

25 Cash ....................................................................
Unearned Revenue ...................................

30

30 Prepaid Insurance ..........................................

Cash...............................................................

1,320

Copyright 2009 John Wiley & Sons, Inc.

500

165

125

300

2,000

900

125

30

Weygandt, Accounting Principles, 9/e, Continuing Cookie Chronicles

1,320

(For Instructor Use Only)

2-1

CCC2 (Continued)
(b)
Cash
Date
Nov.

Explanation
8
11
13
16
17
20
25
30

Date

J1
J1
J1
J1
J1
J1
J1
J1

Explanation

Nov. 11

Date

Explanation

Nov. 30

Date
Nov. 14
17

Copyright 2009 John Wiley & Sons, Inc.

1,320

Credits

Balance

165
125
2,000
900
125
30

165

165

Credits

125

J1
J1

Balance
125

1,320

Baking Equipment
Ref.
Debits

Balance
500
335
210
2,210
1,310
1,435
1,465
145

Prepaid Insurance
Ref.
Debits
Credits
J1

Explanation

Credits

500

Baking Supplies
Ref.
Debits
J1

Explanation

Debits

Advertising Supplies
Ref.
Debits
J1

Nov. 13

Date

Ref.

Balance
1,320

Credits

300
900

Weygandt, Accounting Principles, 9/e, Continuing Cookie Chronicles

Balance
300
1,200

(For Instructor Use Only)

2-2

CCC2 (Continued)
(b) (Continued)

Date

Explanation

Nov. 25

Date
Nov. 16

Nov.

Notes Payable
Ref.
Debits
J1

Explanation
8
14

Date

Credits

Balance

30

30

Credits

Balance

2,000

2,000

Credits

Balance

500
300

500
800

Credits

Balance

125

125

J1

Explanation

Date

Unearned Revenue
Ref.
Debits

N. Koebel, Capital
Ref.
Debits
J1
J1

Explanation

Nov. 20

Copyright 2009 John Wiley & Sons, Inc.

Teaching Revenue
Ref.
Debits
J1

Weygandt, Accounting Principles, 9/e, Continuing Cookie Chronicles

(For Instructor Use Only)

2-3

CCC2 (Continued)
(c)
COOKIE CREATIONS
Trial Balance
November 30, 2009
Cash .........................................................................................
Advertising Supplies ..........................................................
Baking Supplies ...................................................................
Prepaid Insurance ...............................................................
Baking Equipment...............................................................
Unearned Revenue..............................................................
Notes Payable.......................................................................
N. Koebel, Capital ................................................................
Teaching Revenue...............................................................

Debit
$ 145
165
125
1,320
1,200

Credit

$2,955

30
2,000
800
125
$2,955

Note to instructors: Because the notes payable is not due for 24 months, it
follows Unearned Revenue in the accounts and the trial balance.

Copyright 2009 John Wiley & Sons, Inc.

Weygandt, Accounting Principles, 9/e, Continuing Cookie Chronicles

(For Instructor Use Only)

2-4