CHAPTER 2

1. JOURNAL

Date Accounts Debit Credit

April 1 Cash (A) 100,000
Office Equipment (A) 24,000
Capital (E) 124,000
April 2 Prepaid Rent (A) 7200
Cash (A) 7200
April 3 Office Supplies (A) 2,400
Office Equipment (A) 12,000
Accounts Payble (L) 14,400
April 6 Cash (A) 2,000
Revenue (E) 2,000
April 9 Accounts receivable (A) 8,000
Revenue (E) 8,000
April 13 Accounts Payable (L) 14,400
Cash (A) 14,400
April 19 Prepaid Insurance (A) 6,000
Cash (A) 6,000
April 22 Cash (A) 6,400
Accounts receivable (A) 6,400
April 25 Accounts receivable (A) 2,640
Revenue (E) 2,640
April 28 Withdrawals (E) 6200
Cash (A) 6200
April 29 Office Supplies (A) 800
Accounts Payable (L) 800
April 30 Utilities Expense (E) 700
Cash (A) 700
Utility bill: hóa đơn tiện ích (điện nước)
3. TRIAL BALANCE
Technology Consultants
Trial Balance
B130-Apr
Debit Credit
Cash 73,900
Accounts receivable 4,240
Office Supplies 3,200
 Prepaid Insurance 6,000
Prepaid Rent 7,200
Office Equipment 36,000
Accounts Payable 800
Capital 124,000
Withdrawals 6,200
Revenue 12,640
Utilities Expense 700
Total 137,440 137,440

CHAPTER 3

1. ADJUSTING ENTRIES
Date Accounts Debit Credit
Apr 30 Office supplies expense 200
Office Supplies 200
Supplies expense = 3200 - 3000 = 200
Apr 30 Insurance expense 500
Prepaid insurance 500
Insurance expense = 6000/12 = 500/month
Apr 30 Rent expense 600
Prepaid rent 600
Rent expense = 7200/12 = 600/month
Apr 30 Depreciation expense - Office Equipment 550
Accumulated depreciation - Office Equipment 550
Depreciation expense = (36000-3000)/(5*12)
Apr 30 Accounts receivable 2,000
Revenue 2,000
Revenue earned = 1/3 *6000
Apr 30 Salaries expense 1,500
Salaries payable 1,500
3. ADJUSTED TRIAL BALANCE
Technology Consultants
Trial Balance
B130-Apr
Unadjusted
Debit Credit
Cash 73,900
Accounts receivable 4,240
Office Supplies 3,200
Prepaid Insurance 6,000
Prepaid Rent 7,200
Office Equipment 36,000
Accumulated depreciation - Office
Equipment
Accounts Payable 800
Salaries payable
Capital 124,000
Withdrawals 6,200
Revenue 12,640
Office Supplies expense
Insurance expense
Rent expense
Depreciation expense - Office equipment
Salaries expense
 Utilities Expense 700
Total 137,440 137,440

CHAPTER 4

1. CLOSING ENTRIES
Date Accounts Debit Credit
Apr 30 Revenue 14,640 Step 1: Close Revenues to In
Income summary 14640
Income summary 4,050
Office Supplies expense 200 (revenues = 0)
Insurance expense 500
Rent expense 600 Step 2: Close Expenses to In
Depreciation expense - Office equipment 550 (expenses = 0)
Salaries expense 1500
Utilities Expense 700
Income summary 10,590
Capital 10,590
Capital 6,200
Withdrawals 6,200
Step 3: Close Income Summ
(Income summary = 0)

Step 4: Close Withdrawals to

(Withdrawals = 0)

2. CAPITAL T-ACCOUNT
Capital
Debit 6200
Apr. 1
3. POST-CLOSING TRIAL BALANCE

Technology Consultants
Post-closing trial balance
30 Apr
Debit Credit
Cash 73,900
Accounts receivable 6,240
Office Supplies 3000
Prepaid Insurance 5500
Prepaid Rent 6600
Office Equipment 36,000
Accumulated depreciation - Office
Equipment 550
Accounts Payable 800
Salaries payable 1500
Capital 128,390
Withdrawals 0
Revenue 0
Office Supplies expense 0
Insurance expense 0
Rent expense 0
Depreciation expense - Office equipment 0
Salaries expense 0
Utilities Expense 0
Total 131,240 131,240
2.LEDGER

Cash Account Receivable

Debit Credit Debit
April 1 100,000 April 2 7200 April 9 8,000 April 22
April 6 2,000 April 13 14,400 April 25 2,640
April 22 6,400 April 19 6,000
April 28 6,200
April 30 700
Balance 73,900 Balance 4,240

Prepaid Rent Office Equipment

Debit Credit Debit
April 2 7,200 April 1 24,000
April 3 12,000

Balance 7,200 Balance 36,000

Withdrawals Revenue
Debit Credit Debit
April 28 6,200 April 6
April 9
April 25
Balance

Balance 6,200
2. UPDATE LEDGER T-ACCOUNTS
Office Supplies Office Supplies Expense
Debit Credit Debit
April 3 2,400 Apr 30 200 Apr 30 200
April 29 800

Balance 3,000 Balance 200

Prepaid Insurance Insurance Expense

Debit Credit Debit
April 19 6,000 Apr 30 500 Apr 30 500

Balance 5,500 Balance 500

Prepaid Rent Rent Expense

Debit Credit Debit
April 2 7,200 Apr 30 600 Apr 30 600

Balance 6,600 Balance 600

Accumulated depreciation - Office Equipment Depreciation Expense

Debit Credit Debit
Apr 30 550 Apr 30 550
 Balance 550 Balance 550

Account Receivable Revenue

Debit Credit Debit
April 9 8,000 April 22 6400 April 6
April 25 2,640 April 9
Apr 30 2,000 April 25
Apr 30
Balance 6,240 Balance

Salaries payable Salaries Expense

Debit Credit Debit
Apr 30 1500 Apr 30 1,500

Balance 1500 Balance 1,500

onsultants
ance
Apr
Adjustment Adjusted
Debit Credit Debit Credit
73,900
2000 6,240
200 3000
500 5500
600 6600
36,000
550 550
800
1500 1500
124,000
6,200
2000 14,640
200 200
500 500
600 600
550 550
1500 1500
 700
5,350 5,350 141,490 141,490

Step 1: Close Revenues to Income Summary

(revenues = 0)

Step 2: Close Expenses to Income Summary

(expenses = 0) Income summary
Debit Credit
Apr 30 4,050 Apr 30 14,640

Balances 10590

Step 3: Close Income Summary to Capital

(Income summary = 0)

Step 4: Close Withdrawals to Capital

(Withdrawals = 0)

al
Credit
124,000
10,590
128,390
Receivable Office Supplies Prepaid Insurance
Credit Debit Credit Debit
6,400 April 3 2,400 April 19 6,000
April 29 800

Balance 3,200 Balance 6,000

Normal balance

quipment Accounts Payable Capital

Credit Debit Credit Debit
April 13 14,400 April 3 14,400 Apr. 1
April 29 800

Balance 800
Normal balance

venue Utilities Expense

Credit Debit Credit
2,000 April 30 700
8,000
2,640
12,640

Balance 700
plies Expense
Credit

e Expense
Credit

Expense
Credit

on Expense
Credit
venue
Credit
2000
8,000
2640
2000
14,640

Expense
Credit
Insurance
Credit

pital
Credit
124,000
 Increase Normal balance
Cash Debit Debit balance
Accounts receivableDebit Debit balance
Supplies Debit Debit balance
Assets
Equipment Debit Debit balance
Prepaid Rent Debit Debit balance
Prepaid Insurance Debit Debit balance
Liabilities Accounts payable Credit Credit balance
Capital Credit Credit balance
Withdrawals Debit Debit balance
Equity
Revenue Credit Credit balance Services Revenue
Expense Debit Debit balance Rent expense, Salaries expense, Utilities expense
(Equity = Capital - Withdrawals + Revenue - Expense)
JOURNAL
Exercise 2-7
Date Accounts Debit Credit
### Cash (A) 7,500
Equipment (A) 32,500
Capital 40,000
### Prepaid insurance (A) 3,000
Cash (A) 3,000
### Supplies (A) 1,400
Cash (A) 1,400
### Cash 2,650
Revenue 2,650
### Utilities expense 875
Cash (A) 875

Exercise 2-11
Date Accounts Debit Credit
a. Cash 38,250
Capital (E) 38,250
b. Accounts receivable (A) 1,350
Revenue 1,350
c. Cash 1575
Revenue 1,575
d. Cash 9,150
Unearned revenue (L) 9,150
e. Cash 4,500
Accounts receivable 4,500
f. Cash ###
Notes payable ###