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SOLUTION TO P1-1A

Assets Liabilitie Owner’s Equity
s
(+) (+) (+) (+) (-) (+) (-)
Se
Cash Account Supplies Equipme Account N. N. Revenue Expense
r
s nt s Barone Barone. s s
Receiva Payable Capital Drawing
ble s
10,000 10,000
-5,000 5,000
-400 -400
-500 500
250 -250
5100 5100
-1000 -1000
-2000 -2000
-140 -140
750 750
120 -120

6,180 630 500 5,000 250 10,000 -1,000 5,850 -2,790
T 12,310 12,310

SOLUTION TO P1-2A

Se Assets Liabilities Owner’s Equity

(+) (+) (+) (+) (+) (-) (+) (-)
Cash Accoun Supplie Office Notes Accoun M. M. Revenu Expens
ts s Equipm Payable ts Gonzale Gonzale es es
r
Receiva ent Payable z z
ble Capital Drawin
gs
9000 1700 600 6000 3600 13700
-2900 -2900
1300 -1300
-800 2100 1300
2500 5500 8000
-1000 -1000
-1700 -1700
-900 -900
-300 -300
170 -170
10000 10000
15200 5900 600 8100 10000 2170 13700 -1000 8000 -3070
T 29800 29800

M. SOLUTION TO P1-2A Assets Liabilities Owner’s Equity (+) (+) (+) (+) (+) (-) (+) (-) Ju Cash Accoun Supplie Deliver Notes Accoun M. Miller. Revenu Expens n ts s y Van Payable ts Miller. es es Receiva Payable Capital Drawin ble gs 1 10000 10000 2 -2000 12000 10000 3 -500 -500 5 4400 4400 9 -200 -200 12 150 150 15 1250 -1250 17 100 -100 20 1500 1500 23 -500 -500 26 -250 -250 29 -100 -100 30 -1000 -1000 8200 3150 150 12000 9500 150 10000 -200 5900 -1850 T 23500 23500 .

500 (Earned by selling coupon books) Apr. 30 Cash 8.500 (Insured the business for 1 year) Apr. Drawing 1.000 Cash 30. 4 Land 30. 25 Cash 2.500 Cash 1. J.700 Admission Revenue 5. J.900 Admission Revenue 8. 17 C.000 (Owner invested to start the business) Apr. 20 Cash 5. SOLUTION TO P2-1A FRONTIER PARK General Journal For the Month of April 2016 Date Account Titles and Explanation Debit Credit Apr.000 C.900 (Earned as admission fees) Apr. 11 Salaries Expense 1. Capital 40.800 Accounts Payable 1. Mendez.700 (Earned as admission fees) Apr.500 (Paid salaries to the employees) Apr. 8 Advertising Expense 1.000 (Owner withdrawal for personal use) Apr. 1 Cash 40. 13 Prepaid Insurance 1. Mendez. 12 No Entry (No transaction) (Hired employee) Apr.800 (Advertising for the business on account) Apr.000 Cash 1. 30 Accounts Payable 900 Cash 900 (Paid balance owed for advertising) .500 Cash 1.000 (Bought a piece of land on cash) Apr.500 Unearned Admission Revenue 2.

100 (Billed client for services provided) May 12 Cash 3. SOLUTION TO P2-2A JANE KENT General Journal For the Month of May 2010 Date Account Titles and Explanation Debit Credit May 1 Cash 25.200 (Received cash for service provided) May 31 Salary Expense 2.000 Cash 2.000 (Paid salary of an employee) May 31 Accounts Payable 1.500 May 31 2.000 May 7 900 May 12 3.200 Service Revenue 1.000 (Owner invested to start the business) May 2 No Entry .000 Jane Kent.500 (Received advance for future engagement) May 17 Cash 1. Capital 25.500 (Purchased supplies on account) May 7 Rent Expense 900 Cash 900 (Paid rent for the month) May 11 Accounts Receivable 2.500 Unearned Revenue 3.000 .500 Accounts Payable 2.100 Service Revenue 2.000 Cash 1.No transaction (Hired Employee) May 3 Supplies 2.000 (Paid 40% balance due for supply) Cash May 1 25.

100 May 17 1.500 2.500 C/D 2.100 .500 Service Revenue C/D 3.300 3.200 3.100 C/D 2.200 May 31 1.800 Supplies May 3 2.700 B/D 25.500 2.800 29.500 May 12 3.500 3.100 B/D 2.000 C/D 25.100 2.300 B/D 3.100 2.500 B/D 3.500 Unearned Revenue C/D 3.500 3.500 B/D 2.700 29.300 Rent Expense May 7 900 C/D 900 900 900 B/D 900 Accounts Receivable May 11 2.May 17 1.300 May 11 2.

500 Jane Kent.500 2.000 C/D 2.000 2. 2010 Seria Accounts Title Ref l 1. Accounts Payable May 31 1.000 May 3 2500 C/D 1. Cash 101 .000 B/D 2. Capital C/D 25.000 2.000 25.000 B/D 25.000 25.500 2500 B/D 1.000 JANE KENT Trial Balance May 31.000 May 1 25.000 Salaries Expense May 31 2.

Accounts Payable 201 5. Jane Kent. Capital 301 7. Service Revenue 400 8. Supplies 126 4. Accounts Receivable 112 3.2. Salaries Expense 726 9. Rent Expense 729 Total . Unearned Revenue 205 6.

SOLUTION TO P2-5A The Lake Theater General Journal For the Month of April 2010 Date Account Titles and Explanation Apr. 2 Film Rental Expense Cash (Paid rental for the movie) Apr. 30 Prepaid Rentals Cash (Paid rental for film to be shown on . 20 Film Rental Expense Accounts Payable (Received preordered film on bill) Apr. 10 Mortgage Payable Accounts Payable Cash (Paid mortgage and accounts payable) Apr. 11 No Entry (No Transaction) (Signed contract to lease concessio stand) Apr. 30 Accounts Receivable Cash Concession Revenue (Received cash and balance on account for concession stand) Apr. 29 Salaries Expense Cash (Paid salaries) Apr. 25 Cash Admission Revenue (Received in cash for admission) Apr. 9 Cash Admission Revenue (Received in cash for services provided) Apr. 12 Advertising Expense Cash (Paid advertising cost) Apr. 3 No Entry (No transaction) (Ordered additional films) Apr.

085 B/D 6.000 8.000 3. 30 900 C/D 6.000 Concession Revenue C/D 170 Apr 30 170 170 170 B/D 170 Film Rental Expense Apr. 9 2. 12 500 Apr.885 14. 1 20. 30 900 C/D 900 900 900 B/D 900 Buildings Apr. 1 8. 20 1.000 B/D 20.885 Prepaid Rentals Apr.000 Accounts Payable Apr.200 Apr. 25 5.000 Apr.000 C/D 8.000 Apr.085 14.000 Apr.800 Apr. 2 800 C/D 1.000 8.000 20. 10 3.800 Apr.800 B/D 1. 10 1.000 C/D 2. 20 1.000 1.800 1.000 Apr 1 2. 30 85 Apr.000 3.000 Tony Carpino.800 . 2 800 Apr. May 5) Cash Apr. Capital C/D 20. 29 2.000 20.000 Apr.000 B/D 2.000 Apr. 1 6.000 B/D 8.

000 10.000 Advertising Expense Apr.000 B/D 6.000 6.000 . 1 10.000 Mortgage Payable Apr.000 B/D 10.000 Apr. 25 5.000 2.000 B/D 2.000 C/D 2. 29 2.000 8. 1 6. 9 2.000 10.000 2. Accounts Receivable Apr.000 Apr 1 8.200 8.800 Apr.000 Equipment Apr.000 C/D 6. 12 500 C/D 500 500 500 B/D 500 Salaries Expense Apr.000 B/D 8.000 8.000 C/D 6.000 8.000 B/D 6. 30 85 C/D 85 85 85 B/D 85 Land Apr. 10 2.000 6.000 Admission Revenue C/D 8.000 C/D 10.

000 8. Cash 101 6.000 7. Equipment 157 6.000 10. Capital 301 20. Salaries Expense 726 2.000 Total 36. 2010 Seria Account Titles and Ref Debit Credit l Explanation 1. Concession Revenue 406 170 12.170 . Advertising Expense 610 500 13. Prepaid Rentals 136 900 4.000 5. Accounts Payable 201 2.000 11. THE LAKE THEATER Trial Balance April 31. Tony Carpino.000 6. Mortgage Payable 275 6. Accounts Receivable 112 85 3. Admission Revenue 405 8.885 2.800 14.170 36.000 9. Land 140 10. Buildings 145 8. Film Rental Expense 632 1.

30 Bal. 126 Jun. 1.500 30 Service Revenue 2. 30 Adj.000 30 Service Revenue 1.400 (to record supplies used. 30 Bal.000 30 Salaries Payable 2.150 7.Office 250 Equipment (to record monthly depreciation) June Accounts Receivable 1. 7.150 Supplies (O) No.150 7.500 (to record revenue for services provided) June Salaries Expense 2.000 (to record accrued salaries) June Depreciation Expense 250 30 Accumulated Depreciation .000 Jun.400 30 Supplies 1.000 (to record revenue for services provided) Cash (O) No. 3000/12) June Unearned Service Revenue 2.000 2. 101 Jun.150 C/D 7.150 B/D 7.400 C/D 600 2.000 B/D 600 . $ 2000- 600) June Utilities Expense 150 30 Utilities Payable 150 (to record utility bill) June Insurance Expense 250 30 Prepaid Insurance 250 (to record expired insurance. SOLUTION TO P3-1A MASASI COMPANY General Journal For the Month of JUNE 2010 J3 Date Account Titles and Explanation Debit Credit June Supplies Expense 1. 2.

000 7. 1.000 Jun. 1.750 3. 250 C/D 250 250 250 B/D 250 Rent Expense (O) No.750 Supplies Expense (N) No.000 1.000 Accounts Receivable (O) No. 722 Jun.400 C/D 1. 30 Bal.500 B/D 4.000 15.000 B/D 2. 130 Jun. Masasi.750 B/D 21. 30 Bal. 301 C/D 21. 30 Bal.000 Prepaid Insurance (O) No.400 B/D 1.750 21.000 C/D 1.400 1. 157 Jun. 15.000 2.000 B/D 2. 30 Bal. 201 C/D 4. 21. 30 Adj. Capital (O) No.000 B/D 7. 30 Adj.000 Accounts Payable (O) No. 729 Jun.000 Jun.000 2. 3.000 15. 30 Adj. 30 Adj. Office Equipment (O) No. 212 C/D 2.500 4.750 .000 1. 1. 2.750 Jun.400 1. 250 C/D 2. 30 Adj.000 B/D 1. 631 Jun.000 B/D 15.000 C/D 15.000 T. 30 Bal.000 3.000 Jun. 6.750 21.000 C/D 7.400 Insurance Expense (N) No. 4. 112 Jun. 30 Bal.000 7.500 4.500 Jun.500 Salaries Payable (N) No.

732 Jun.000 4. 711 Jun.500 Utilities Payable (N) No.000 C/D 6.000 6. 400 C/D 11. 214 C/D 150 Jun. 158 C/D 250 Jun. 2. 209 Jun. 7. Accumulated Depreciation - Office Equipment (N) No. 4. 1.400 11. 30 Adj. 30 Bal. 726 Jun.000 Jun. 150 150 150 B/D 150 Service Revenue (O) No. 250 250 250 B/D 250 Unearned Service Revenue (O) No.000 B/D 1. 30 Bal.900 Jun. 2. 30 Adj.400 Jun.000 6.500 4. 30 Bal. 30 Adj. 30 Adj.000 11. 4.400 B/D 11.500 Jun. 30 Adj.000 Utilities Expense (N) No.400 Depreciation Expense (N) No. 150 C/D 150 150 150 B/D 150 . 30 Adj.000 B/D 6. 2.000 C/D 1. 30 Adj. 30 Adj.500 Jun. 250 C/D 250 250 250 B/D 250 Salaries Expense (O) No.

Accounts Payable 201 4500 8. Depreciation Expense 711 250 15. Unearned Service Revenue 209 1500 9. Utilities Expense 732 150 Total 41. Cash 101 7. MASASI COMPANY Adjusted Trial Balance June 30. capital 301 21750 12.550 41.150 2. 2010 Seri Accounts Title No.550 SOLUTION TO P3-2A NEOSHO RIVER RESORT . T.Office 158 250 Equipment 7. Prepaid Insurance 130 2750 5. Masasi. Service Revenue 400 11400 13. Rent Expense 729 1000 18. Salaries Expense 726 6000 17. Office Equipment 157 15000 6. Accounts Receivable 112 7000 3. Supplies Expense 631 1400 14. Accumulated Depreciation . Debit Credit al 1. Salaries Payable 212 2000 10. Supplies 126 600 4. Insurance Expense 722 250 16. Utilities Payable 214 150 11.

100 31 Rent Revenue 4. (6000/12X3)+(2400/12X3)) Aug.700 31 Supplies 2.09X80000/12X1) .500 31 Depreciation Expense .200 (to record expired insurance. .000 (to record revenue for services provided) Aug. Unearned Rent Revenue 4. Accounts Receivable 1.700 (to record supplies used.300- 600) Aug. Depreciation Expense .Furniture (to record depreciation for 3 months.000 31 Rent Revenue 1. $ 3.Cottages 1. $ 400 X 3) Aug. Supplies Expense 2. Interest Expense 600 31 Interest Payable 600 (to record interest expense on mortgage.Cottage 600 Accumulated Depreciation . General Journal For the Month of August 2010 J1 Date Account Titles and Explanation Debit Credit Aug. Insurance Expense 1.200 31 Prepaid Insurance 1.Furniture 600 1.500 Accumulated Depreciation . Salaries Expense 400 31 Salaries Payable 400 (to record unpaid salaries) Aug.100 (to record revenue for services provided) Aug.

600 31 Accounts Receivable (N) No.300 31 Aug. Balance 3.300 3. Balance 25. Adjusting J1 1. 126 Date Explanation Ref. Debit Credit Balance Aug.600 19. Balance 19.000 31 Accumulated Depreciation . 144 Date Explanation Ref.800 31 Land (O) No. Debit Credit Balance Aug. Balance 1.700 600 31 Prepaid Insurances (O) No.000 31 Cottages (O) No. 101 Date Explanation Ref. Adjusting J1 1.Cottage (N) No. 140 Date Explanation Ref. Debit Credit Balance Aug. Debit Credit Balance . 149 Date Explanation Ref. 130 Date Explanation Ref. Adjusting J1 1.000 6.000 31 Aug. 112 Date Explanation Ref.500 31 Furniture (O) No.25.500 1.000 1.000 31 Supplies (O) No.000 25.25. Adjusting J1 2.200 4. Cash (O) No. Debit Credit Balance Aug. Balance 6. Debit Credit Balance Aug. Debit Credit Balance Aug. Debit Credit Balance Aug. 143 Date Explanation Ref.000 1.

Adjusting J1 600 600 31 Mortgage payable (O) No. Debit Credit Balance Aug.300 31 Salaries Payable (N) No. Debit Credit Balance Aug. Balance 7.00.000 26. 301 Date Explanation Ref.400 7.000 80. 201 Date Explanation Ref. Harder. 230 Date Explanation Ref.Aug. Adjusting J1 600 600 31 Accounts Payable (O) No. 275 Date Explanation Ref. Balance 1. Debit Credit Balance Aug. 150 Date Explanation Ref. Debit Credit Balance Aug. Harder.500 6.000 31 Accumulated Depreciation . Adjusting J1 400 400 31 Interest Payable (N) No. Balance 80. Debit Credit Balance Aug. Debit Credit Balance Aug.400 31 Aug. Debit Credit Balance Aug. Drawing (O) No. Balance 26. Balance 6.00.000 1.100 3.500 31 Unearned Rent Revenue (O) No.000 31 P.000 31 P. Adjusting J1 4.Furniture (N) No. 306 . 212 Date Explanation Ref. Capital (O) No. 209 Date Explanation Ref.

620 Date Explanation Ref.100 84.500 1. 722 Date Explanation Ref.000 31 Aug.100 31 Aug. Debit Credit Balance Aug. 718 Date Explanation Ref. Balance 5. Adjusting J1 1. Adjusting J1 1. Adjusting J1 4. 621 Date Explanation Ref. 631 Date Explanation Ref. Debit Credit Balance Aug.Cottages (N) No.700 31 Interest Expense (N) No. Debit Credit Balance Aug.200 . Debit Credit Balance Aug. Adjusting J1 600 600 31 Repair Expense (O) No. Debit Credit Balance Aug.000 31 Rent Revenue (O) No.700 2. Adjusting J1 600 600 31 Insurance Expense (N) No.600 3.000 85. Debit Credit Balance Aug. Debit Credit Balance Aug. Date Explanation Ref.Furniture (N) No. 429 Date Explanation Ref.000 80. 622 Date Explanation Ref. Balance 80.000 5. Adjusting J1 2. Balance 3.500 31 Depreciation Expense . Adjusting J1 1.200 1.600 31 Supplies Expense (N) No.100 31 Depreciation Expense . Debit Credit Balance Aug.

Debit Credit Balance Aug.400 31 .31 Salaries Expense (O) No. 732 Date Explanation Ref. Debit Credit Balance Aug.400 31 Utilities Expense (O) No. 726 Date Explanation Ref. Balance 9.000 31 Aug. Balance 51. Adjusting J1 400 51.400 9.000 51.

500 19.700 22. Interest Expense 718 600 23.00.000 15. Accounts Receivable 112 1. Drawing 306 5. Insurance Expense 722 1200 24. Capital 301 1. Cottages 143 1.500 8. Debit Credit al 1. Depreciation Expense . Salaries Payable 212 400 13. Rent Revenue 429 85.600 2. P.Cottages 620 1.000 17. Interest Payable 230 600 14.Cottage 144 1.78. Salaries Expense 726 51.100 18.00 . Land 140 25. Repair Expense 622 3.000 7. P. NEOSHO RIVER RESORT Adjusted Trial Balance August 31.78. Accounts Payable 201 6.Furniture 621 600 20. Supplies Expense 631 2. 150 600 Furniture 10.25. Harder. Accumulated Depreciation .000 9. Depreciation Expense . Accumulated Depreciation .000 16.400 25.800 5. Utilities Expense 732 9. Harder.300 12. 2010 Seri Accounts Title No.400 Total 2.00 2. Prepaid Insurance 130 4. Unearned Rent Revenue 209 3.000 6. Cash 101 19.500 11.000 3. Mortgage Payable 275 80.600 21. Furniture 149 26. Supplies 126 600 4.

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