Answer for Question No.

01
1.1. Journal Entries
Journal page 1
Date Description Post Ref Debit Credit
Cash 11 18,000
July 01
ASAN Capital 31 18,000
Rent expense 53 1,750
02
Cash 11 1,750
Truck 18 15,000
05 Cash 11 1,000
Notes Payable 21 14,000
Equipment 16 7,000
07
Account Payable 22 7,000
Supplies 13 1,200
08
Cash 11 1,200
Prepaid Insurance 14 2,700
12
Cash 11 2,700
Cash 11 7,500
16
Fees earned 41 7,500
Account Payable 22 2,500
19
Cash 11 2,500
Account Receivable 12 8,600
19
Fees Earned 41 8,600
Truck Expense 55 800
23
Account Payable 22 800
Utility Expense 54 900
24
Cash 11 900
Miscellaneous Expense 59 315
25
Cash 11 315
Cash 11 3,600
26
Account Receivable 12 3,600
Wages Expense 51 2,400
27
Cash 11 2,400
ASAN Drawing 32 2,000
28
Cash 11 2,000
1.2. Post the journal to ledger

1
 Cash Account no 11
Balance
Date Item Post Ref Debit Credit
Debit Credit
July 01 11 18,000 18,000
02 11 1,750 16,250
05 11 1,000 15,250
08 11 1,200 14,050
12 11 2,700 11,350
16 11 7,500 18,850
19 11 2,500 16,350
24 11 900 15,450
25 11 315 15,135
26 11 3,600 18,735
27 11 2,400 16,335
28 11 2,000 14,335

Account Receivable Account No. 12

Balance
Date Item Post Ref Debit Credit
Debit Credit
July 19 12 8,600 8,600
26 12 3,600 5,000

Supplies Account No. 13

Balance
Date Item Post Ref Debit Credit
Debit Credit
July 08 13 1,200 1,200

Prepaid Insurance Account No. 14

Balance
Date Item Post Ref Debit Credit
Debit Credit
July 12 14 2,700 2,700

Equipment Account No 16
Balance
Date Item Post Ref Debit Credit
Debit Credit
July 07 16 7,000 7,000

Truck Account No 18
Balance
Date Item Post Ref Debit Credit
Debit Credit
July 05 18 15,000 15,000

2
 Notes Payable Account No. 21
Balance
Date Item Post Ref Debit Credit
Debit Credit
21 14,000 14,000

Account Payable Account No. 22

Balance
Date Item Post Ref Debit Credit
Debit Credit
07 22 7,000 7,000
July 19 22 2,500 4,500
23 22 800 5,300

ASAN Capital Account No.31

Balance
Date Item Post Ref Debit Credit
Debit Credit
July 01 31 18,000 18,000

ASAN Drawing Account No.32

Balance
Date Item Post Ref Debit Credit
Debit Credit
July 28 32 2,000 2,000

Fees Earned Account No.41

Balance
Date Item Post Ref Debit Credit
Debit Credit
16 41 7,500 7,500
July
19 41 8,600 16,100

Wages Expense Account No.51

Balance
Date Item Post Ref Debit Credit
Debit Credit
July 27 51 2,400 2,400

Rent expense Account No.53

Balance
Date Item Post Ref Debit Credit
Debit Credit
53
July 02 1,750 1,750

Truck Expense Account No.55

Balance
Date Item Post Ref Debit Credit
Debit Credit
July 23 55 800 800

3
Utility Expense Account No.54
Balance
Date Item Post Ref Debit Credit
Debit Credit
July 24 54 900 900

Miscellaneous Expense Account No.59

Balance
Date Item Post Ref Debit Credit
Debit Credit
Rent expense
July 25 59 315 315

1.3. Unadjusted Trail Balance

ASAN
Unadjusted Trial Balance
April 30, 2013
Acc. No. Account Debit Credit
11 Cash 14,335 00
12 Accounts Receivable 5,000 00
13 Supplies 1,200 00
14 Prepaid Insurance 2,700 00
17 Equipment 7,000 00
18 Truck 15,000 00
22 Accounts Payable 5,300 00
21 Note Payable 14,000 00
31 ASAN, Capital 18,000 00
32 ASAN, Drawing 2,000 00
41 Fees Earned 16,100 00
51 Wages Expense 2,400 00
53 Rent Expense 1,750 00
55 Truck Expense 800 00
56 Utilities Expense 900 00
59 Miscellaneous Expense 315 00
Total 53,400 00 53,400 00

2. Answer For Q2
2.1. Journalize and Posting to ledger adjustment entries
a. Ac/Receivable ----------------------- 1,300
Fee earned -------------------------- 1,300
b. Supplies Expense -------------------- 7,700
Supplies -------------------------------- 7,700
c. Unearned fee -------------------------- 4,000
Fee earned -------------------------------- 4,000
d. Wage expense ------------------------- 900
Wage payable ----------------------------- 900

2.2. Work sheet

4
 Chilalo Electronics Repair Business
Work sheet
Dec 31, 2008
Account Title Unadju. Trial Adjustment Adjusted Trail Income Balance Sheet
Balance entries Balance Statement
Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr
Cash 6,900 6,900 6,900
Ac/Receivable 45,000 1,300 46,300 46,300
Supplies 10,800 7,700 3,100 3,100
Equipment 227,400 227,400 227,400
Acc/Payable 10,500 10,500 10,500
Unearned Fee 12,000 4,000 8,000 8,000
Tigiet, Capital 156,000 156,000 156,000
Tigiet, 9,000 9,000 9,000
Drawing
Fees Earned 271,500 1,300 276,800 276,80
4,000 0
Wages Exp. 63,000 900 63,900 63,900
Rent Exp. 48,000 48,000 48,000
Utilities Exp 34,500 34,500 34,500
Misc. Exp. 5,400 5,400 5,400
Total 450,000 450,000
Supply Exp. 7,700 7,700 7,700
Wage Payable 900 900 900
Total 13,900 13,900 452,200 452,200 159,500 117,300 292,700 292,700

3. Answer For question 3

3.1. Journal Entries
Date Description PR Debit Credit
2013 1 Rent Expense 53 800 00
April
Cash 11 800 00
3 Equipment 18 2,100 00
Accounts Payable 22 2,100 00
5 Cash 11 3,150 00
Accounts Receivable 12 3,150 00
8 Supplies 13 245 00
Accounts Payable 22 245 00
9 Accounts Payable 22 325 00
Equipment 18 325 00
12 Accounts Payable 22 1,250 00
Cash 11 1,250 00

5
 17 Prepaid Insurance 14 370 00
Cash 11 370 00
20 Accounts Payable 22 200 00
Cash 11 200 00
24 Laboratory Expense 55 545 00
Cash 11 545 00
27 Sister Hibo, Drawing 32 1,250 00
Cash 11 1,250 00
30 Cash 11 1,720 00
Professional Fees 41 1,720 00
30 Salary Expense 51 1,725 00
Cash 11 1,725 00
30 Utilities Expense 56 360 00
Cash 11 360 00
30 Accounts Receivable 12 5,145 00
Professional Fees 41 5,145 00
30 Miscellaneous Expense 59 132 00
Cash 11 132 00
3.2. Post the journal to ledger
Account: Cash Account: No. 11
Date Items Debit Credit Balance
Debit Credit
2013 1 Balance 4,123 00
April
1 800 00 3,323 00
5 3,150 00 6,473 00
12 1,250 00 5,223 00
17 370 00 4,853 00
20 200 00 4,653 00
24 545 00 4,108 00
27 1,250 00 2,858 00
30 1,720 00 4,578 00
30 1,725 00 2,853 00
30 360 00 2,493 00

6
 30 132 00 2,361 00

Account Receivable Account No. 12

Balance
Date Item PR Debit Credit
Debit Credit
Apr 1 Balance 6,725
5 12 3,150 3,575
30 12 5,145 8,720

Supplies Account No. 13

Balance
Date Item PR Debit Credit
Debit Credit
Apr 1 Balance 290
8 1 245 535

Prepaid Insurance Account No. 14

Balance
Date Item PR Debit Credit
Debit Credit
Apr 1 Balance 465
17 370 835

Equipment Account No 16
Balance
Date Item Post Ref Debit Credit
Debit Credit
Apr 1 Balance 19,745
3 2,100 21,845
9 325 21,520

Account Payable Account No. 22

Balance
Date Item Post Ref Debit Credit
Debit Credit
1 Balance 765
3 2,100 2,865
8 245 3,110
Apr
9 325 2,785
12 1,250 1,535
20 200 1,335

Galanaa Capital Account No.31

Date Item Debit Credit Balance

7
 Post
Debit Credit
Ref
Apr 01 Balance 18,000 30,583

Galanaa Drawing Account No.32

Balance
Date Item Post Ref Debit Credit
Debit Credit
Apr 27 32 1,250 1,250

Fees Earned Account No.41

Post Balance
Date Item Debit Credit
Ref Debit Credit
30 41 1,720 1,720
Apr
30 41 5,145 6,865

Salary Expense Account No.51

Balance
Date Item Post Ref Debit Credit
Debit Credit
April 30 51 1,725 1725

Rent expense Account No.53

Balance
Date Item Post Ref Debit Credit
Debit Credit
53
Apr 01 800 800

Lab Expense Account No.54

Balance
Date Item Post Ref Debit Credit
Debit Credit
Apr 24 54 545 545

Utility Expense Account No.59

Balance
Date Item Post Ref Debit Credit
Debit Credit
Apr 30 59 360 360

Miscellaneous Expense Account No.59

Balance
Date Item Post Ref Debit Credit
Debit Credit
Apr 30 59 132 132

3.3. Unadjusted Trail Balance

8
 Galanaa Clinic
Unadjusted Trial Balance
April 30, 2013
Acc. No. Account Debit Credit
11 Cash 2,361 00
12 Acc/ Receivable 8,720 00
13 Supplies 535 00
14 Prepaid Insurance 835 00
18 Equipment 21,520 00
22 Accounts Payable 1,335 00
31 Galanaa, Capital 30,583 00
32 Galanaa, Drawing 1,250 00
41 Professional Fees 6,865 00
51 Salary Expense 1,725 00
53 Rent Expense 800 00
55 Lab Expense 545 00
56 Utilities Expense 360 00
59 Misc. Expense 132 00
38,783 00 38,783 00

4. Answer For question 4

4.1. Journal Entries

Journal page 1
Date Description Post Ref Debit Credit
Rent expense 51 3,000
March 01
Cash 11 3,000
Advertise expense 52 1,800
02
Cash 11 1,800
Supplies 13 900
05
Cash 11 900
Equipment 14 12,300
06
Account Payable 22 12,300
Cash 11 4,100
10
Account Receivable 12 4,100
Account Payable 22 1,200
15
Cash 11 1,200

9
 Repairmen expense 43 500
27
Cash 11 500
Telephone Expense 44 180
30
Cash 11 180
Account Receivable 12 26,800
31
Fees Earned 41 26,800
Utility Expense 55 315
31
Cash 11 315
Withdrawal 32 2,000
31
Cash 11 2,000
5. Answer For question
5.1. Journal Entries
Journal page 1
Date Description Post Ref Debit Credit
Cash 11 30,000
Jan 01
YAAYAA Capital 31 30,000
Truck 18 19,000
02 Cash 11 4,500
Notes Payable 21 14,500
Rent expense 53 3,000
07
Cash 11 3,000
Supplies 13 1,450
08
Cash 11 1,450
Equipment 16 6,000
09
Account Payable 22 6,000
Prepaid Insurance 14 2,400
10
Cash 11 2,400
Cash 11 7,500
15
Fees earned 41 7,500
Account Payable 22 1,750
16
Cash 11 1,750
Miscellaneous Expense 59 500
19
Cash 11 500
Acc/ Receivable 12 1,000
20
Fees earned 41 1,000
Cash 11 5,200
23
Fees earned 41 5,200
Salary Expense 51 1,600
24
Cash 11 1,600
Miscellaneous Expense 59 325
27
Cash 11 325
Note Payable 21 250
28
Cash 11 250
Truck Expense 54 400
28
Cash 11 400

10
5.2. Post The Journal to Ledger
Cash Account no 11
Balance
Date Item Post Ref Debit Credit
Debit Credit
01 11 30,000 30,000
02 11 4,500 25,500
07 11 3,000 22,500
08 11 1,450 21,050
10 11 2,400 18,650
15 11 7,500 26,650
Jan 16 11 1,750 24,400
19 11 500 23,900
23 11 5,200 29,100
24 11 1,600 27,500
27 11 325 27,175
28 11 250 26,925
28 11 400 26,525
Account Receivable Account No. 12
Balance
Date Item Post Ref Debit Credit
Debit Credit
Jan 20 12 1,000 1,000
Supplies Account No. 13
Balance
Date Item Post Ref Debit Credit
Debit Credit
Jan 08 13 1,450 1,450
Prepaid Insurance Account No. 14
Balance
Date Item Post Ref Debit Credit
Debit Credit
Jan 10 14 2,400 2,400
Equipment Account No 16
Balance
Date Item Post Ref Debit Credit
Debit Credit
Jan 09 16 6,000 6,000
Truck Account No 18
Balance
Date Item Post Ref Debit Credit
Debit Credit
Jan 02 18 19,000 19,000
Notes Payable Account No. 21
Balance
Date Item Post Ref Debit Credit
Debit Credit
Jan 02 21 14,500 14,500

11
 28 21 250 14,250

Account Payable Account No. 22

Balance
Date Item Post Ref Debit Credit
Debit Credit
09 22 6,000 6,000
Jan
16 22 1,750 4,250

ASAN Capital Account No.31

Balance
Date Item Post Ref Debit Credit
Debit Credit
Jan 01 31 30,000 30,000

Fees Earned Account No.41

Balance
Date Item Post Ref Debit Credit
Debit Credit
15 41 7,500 7,500
20 41 1,000 8,500
Jan
23 41 5,200 13,700

Salary Expense Account No.51

Balance
Date Item Post Ref Debit Credit
Debit Credit
Jan 24 51 1,600 1,600

Rent expense Account No.53

Balance
Date Item Post Ref Debit Credit
Debit Credit
53
Jan 07 3,000 3,000

Truck Expense Account No.55

Balance
Date Item Post Ref Debit Credit
Debit Credit
Jan 28 54 400 400

Miscellaneous Expense Account No.59

Balance
Date Item Post Ref Debit Credit
Debit Credit
19 59 500 500
Jan
27 59 325 825

12
 5.3. Unadjusted Trail Balance
YAAYAA Business
Unadjusted Trial Balance
Jan 31, 2009
Acc. No. Account Debit Credit
11 Cash 26,525 00
12 Accounts Receivable 1,000 00
13 Supplies 1,450 00
14 Prepaid Insurance 2,400 00
17 Equipment 6,000 00
18 Truck 19,000 00
22 Accounts Payable 4,250 00
21 Note Payable 14,250 00
31 ASAN, Capital 30,000 00
41 Fees Earned 13,700 00
51 Salary Expense 1,600 00
53 Rent Expense 3,000 00
55 Truck Expense 400 00
59 Miscellaneous Expense 825 00
Total 62,200 00 62,200 00

5.4. Work sheet

YAAYAA Business
Work sheet
Jan 31, 2009
Account Title Unadju. Trial Adjustment Adjusted Trail Income Balance Sheet
Balance entries Balance Statement
Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr
Cash 26,525 26,525 26,525
Acc/Receivable 1,000 1,000 1,000
Supplies 1,450 1,000 450 450
Prep/Insurance 2,400 200 2,200 2,200
Equipment 6,000 6,000 6,000
Truck 19,000 19,000 19,000
Acc/ Payable 4,250 4,250 4,250
Note Payable 14,250 14,250 14,250
ASAN, Capital 30,000 30,000 30,000
Fees Earned 13,700 13,700 13,700
Salary Expense 1,600 1,600 1,600
Rent Expense 3,000 1,000 4,000 4,000
Truck Expense 400 400 400
Misce. Expense 825 825 825
Total 62,200 62,200 - - - - - - - -
Supply Exp. 1,000 1,000 1,000
Insurance Exp. 200 200 200

13
Rent Payable 1,000 1,000 1,000
Total 2,200 2,000 63,200 63,200 8,025 5,675 55,175 55,175
5.5.

14