Case 4-1.

PC Depot (Homework)

Account Name Dr.

1 Cash 165,000
Bank Loan Payable (15%)
Propietor's Capital

2 Rent Expense 1,485

Cash

3 Merchandise Inventory 137,500

Accounts Payable

4 Furniture & Fixtures 15,500

Cash

5 Advertising Expense 1,320

Cash

6 Wages Expenses 935

Cash

7 Office Supplies Expense 1,100

Cash

8 Utilities Expense 275

 Cash

9 Cash 38,000
Sales

10 Accounts Receiveable 14,850

Sales

11 Cash 3,614
Accounts Receiveable

12 Accounts Payable 96,195

Cash

13 Merchandise Inventory 49,940

Accounts Payable

14 Cost of Sales 38,140

Merchandise Inventory

15 Wages Expenses 688

Cash

16 Wages Expenses 440

Wages Payable
17 Prepaid Rent 1,485
Cash

18 Prepaid Insurance 2,310

Cash

19 Utilities Expenses 226

Accounts Payable

20 Furniture & Fixtures 1,760

Cash
Accounts Payable
Cr.

100,000
65,000

1,485

137,500

15,500

1,320

935

1,100
 275

38,000

14,850

3,614

96,195

49,940

38,140

688

440
1,485

2,310

226

660
1,100
 CASH
Debit Credit

1. 165,000 2. 1,485
9. 38,000 4. 15,500
11. 3,614 5. 1,320
6. 935
7. 1,100
8. 275
12. 96,195
15. 688
17. 1,485
18. 2,310
20. 660

TOTAL 206,614 TOTAL 121,953

Proprietor's Capital
Debit Credit

1. 65,000

TOTAL TOTAL 65,000

Merchandise Invetory
Debit Credit

3. 137,500 14. 38,140

13. 49,940

TOTAL 187,440 TOTAL 38,140

Furniture and Fixtures

Debit Credit

4. 15,500
20. 1,760

TOTAL 17,260 TOTAL

Wages Expense
Debit Credit

6. 935
15. 688
16. 440

TOTAL 2,063 TOTAL

Utilities Expense
Debit Credit

8. 275
19. 226

TOTAL 501 TOTAL

Accounts Receiveable
Debit Credit

10. 14,850 11. 3,614

TOTAL 14,850 TOTAL 3,614

Prepaid Rent
Debit Credit

17. 1,485

TOTAL 1,485 TOTAL

 Bank Loan Payable
Debit Credit

1. 100,000

TOTAL TOTAL 100,000

Rent Expense

Debit Credit

2. 1,485

TOTAL 1,485 TOTAL

Accounts Payable

Debit Credit

12. 96,195 3. 137,500

13. 49,940
19. 226
20. 1,100
TOTAL 96,195 TOTAL 188,766

Advertising Expense

Debit Credit

5. 1,320

TOTAL 1,320 TOTAL

 Office Supplies Expense

Debit Credit

7. 1,100

TOTAL 1,100 TOTAL

Sales

Debit Credit

9. 38,000
10. 14,850

TOTAL TOTAL 52,850

Cost of Sales

Debit Credit

14. 38,140

TOTAL 38,140 TOTAL

Prepaid Insurance

Debit Credit

18. 2,310

TOTAL 2,310 TOTAL

Wages Payable (unpaid)

Debit Credit

16. 440

TOTAL TOTAL 440

ACCOUNT Debit Credit End Amount
CASH 206,614 121,953 84,661
Bank Loan Payable - 100,000 - 100,000
Proprietor's capital - 65,000 - 65,000
Rent Expense 1,485 - 1,485
Merchandise Inventory 187,440 38,140 149,300
Accounts Payable 96,195 188,766 - 92,571
Furnitures & Fixtures 17,260 - 17,260
Advertising Expense 1,320 - 1,320
Wages Expense 2,063 - 2,063
Office Supplies Expenses 1,100 - 1,100
Utilities Expense 501 - 501
Sales - 52,850 - 52,850
Accounts Receiveable 14,850 3,614 11,236
Cost of Sales 38,140 - 38,140
Prepaid Rent 1,485 - 1,485
Prepaid Insurance 2,310 - 2,310
Wages Payable - 440 - 440

total 570,763 570,763