Exercise 2-3A

Name:

Millie Kim

Enter the appropriate numbers in the shaded (gray) cells. An asterisk (*) will appear in the column to the right of an incorrect answer. Owner's Equity $ 20,000 $ 20,000 $ 20,000 $0 20,000 20,000

Transaction (a) Balance (b) Balance (c) Balance (d) Balance

$ $ $

$ $

Assets = 20,000 20,000 3,500 23,500 (1,200) 1,200 23,500 (1,500) 22,000

Liabilities $ 3,500 3,500 3,500 (1,500) 2,000

$ $

$ $

Problem 2-9A

Name:

Enter the appropriate numbers or formulas in the shaded (gray) cells.

Transaction (a) (b) (c) (d) (e) (f) (g) Balance

Cash

Assets Accounts Office + Receivable + Supplies

= Prepaid + Insurance =

Liabilities Accounts Payable

+ +

Assets Cash Accts. Rec. Office Supplies Prepaid Ins. Total

Liabilities and Owner's Equity Accts. Pay. J.P., Capital J.P., Drawing Service Fees Rent Expense Total

Owner's Equity J. Pembroke, Capital

J. Pembroke, Drawing + Revenues

Expenses

Description

Service fees Rent expense