Ledgers Accounts or T- Accounts

Cash
T- Accounts
solution
Requirement 1 ASSETS = LIABILITIES +
CASH OFFICE SUPPLIES LAND ACCOUNT PAYABLES
a 35000
b 350 350
c -30000 30000
d 1900
e -100 -100
f NOT A TRANSACTION OF A BUSINESS
g -400
-100
h -150 -150
i -1200

5100 200 30000 100

35300 35300

Journal
ACCOUNTS AND POST.
DATE
EXPLANATIONS REF.
a.

b.

c.

d.
e.

f.

g.

h.

i.
 CAPITAL
OWNER CAPITAL
35000

1900

-400
-100

-1200 Requirements
1. Analyze the preceding transactions in terms of their effects on the accounting
35200 2. Prepare the General entries
35300

DEBIT CREDIT
r effects on the accounting equation of Campus Apartment Locators.
 Journal
POST.
DATE ACCOUNTS AND EXPLANATIONS DEBIT CREDIT
REF.
a. Cash 14,100
Office furniture 5,200
Capital 19,300

b. Rent Expense 1,500

Cash 1,500

c. Office supplies 900

A/Payable 900

d. Salary expense 1,700

Cash 1,700

e. A/payable 700
Cash 700

f. A/receivable 5,900
Service revenue 5,900

g. Parker, drawing 6,700

cash 6,700
 Teresa Parker, CPA
Trial Balance
31-Dec-12
ACCOUNT DEBIT CREDIT
Cash $3,500
Accounts receivable 5,900
Office supplies 900
Office furniture 5,200
Accounts payable $200
Parker, capital 19,300
Parker, drawing 6,700
Service revenue 5,900
Salary expense 1,700
Rent expense 1,500              
Total $25,400 $25,400
CASH
OFFICE FURNITURE
CAPITAL

RENT EXPENSES

OFFICE SUPPLIES

A/PAYABLE

SALARY EXPENSE

A/RECEIVABLE

SERVICE REVENUE

DRAWING

Cash office furniture

a. 14100 b. 1500 a 5200 End
d. 1700
e. 700
g. 6700
End 3500
14100 14100 5200
beg 3500

A/payable Drawing
e. 700 c. 900 g 6700 End
End 200

900 900 6700

 Rent expense Salary expense
b 1500 End 1500 d 1700 End

1500 1500 1700

 office supplies A/Receivable
5200 c. 900 End 900 f. 5900 End 5900

5200 900 900 5900 5900

Capital service revenue

6700 End 19300 a 19300 end 5900 f 5900

6700 19300 19300 5900 5900

1700

1700
Q1 Journal

POST.
DATE ACCOUNTS AND EXPLANATIONS
REF.

Aug 1 Cash(a)
Capital
Owner's investment

2 Supplies
Accounts payable
Purchased supplies on account

4 Building
Cash
Paid cash for a building

6 Cash
Service Revenue
performed service for cash

9 A/payable
Cash
Paid cash on account

17 Account receivable
service revenue
performed service on account

23 Cash
Account Receivable
Received cash on account
31 Salary expense
Rent expense
cash

Principe Technology solutions

Trial Balance
31, Aug 2012
ACCOUNT DEBIT
Cash $4,200
Accounts receivable 600
Office supplies 500
Building 47,000
Accounts payable
capital

Service revenue
Salary expense 1,900
Rent expense 700
Total $54,900
DEBIT CREDIT

48,000
48,000

500
500

47,000
47,000

4,400 cash capital

4,400 supplies
building
a/receivable
200
200
1 cash
2 capital
2,200 3 supplies
2,200 4 a/payable
5 building
6 servenue revenue
1,600 7 a/receivable

1,600
8 Salary expense
9 Rent expense
 1,900
700
2,600 Cash
1-Aug 48000
6-Aug 4400
23-Aug 1600

y solutions 54000
ce
12
CREDIT A/payable
9-Aug 200
End 300

$300
48,000 500

6,600
Salary expense
              31-Aug 1900
$54,900

4000
1900

abc
b/s
date

assets liability
Cash 4200 a/payable 300
Accounts receivable 600
Office supplies 500
Building 47000

equity
capital 52000

total 52300 total 52300

a/payable service revenue

salary expense
rent expense
 Cash supplies
4-Aug 47000 2-Aug 500 End 500
9-Aug 200
31-Aug 2600
End 4200

54000 500 500

A/payable capital
2-Aug 500 end 48000 1-Aug 48000

500 48000 48000

Salary expense Rent expense

End 1900 31-Aug 700 End 700

1900 700 700

 building a/receivable
4-Aug 47000 End 47000 17-Aug 2200

47000 47000 2200

service revenue
End 6600 6-Aug 4400
17-Aug 2200

6600 6600
a/receivable
23-Aug 1600
End 600

2200
 Journal
POST.
DATE ACCOUNTS AND EXPLANATIONS DEBIT CREDIT
REF.
Sep 1 Cash 370,000
Cougliato, capital 370,000

2 Building 360,000
Cash 360,000

5 Cash 260,000
Note payable(L) 260,000

10 Supplies 1,400
Accounts payable 1,400

15 Accounts payable 1,200

Cash 1,200

15 Property tax expense 1,500

Cash 1,500

16 Salary expense 2,500

Rent expense 1,400
Cash 3,900

28 Cougliato, drawing 7,000

Cash 7,000

30 Cash 21,000
Service revenue 21,000
P2-27A

Required
1 Prepare General Journal
2 Prepare t-accounts
3 Prepare Trial balance
 Req 1

Journal
POST.
DATE ACCOUNTS AND EXPLANATIONS DEBIT
REF.
Jul 1 Cash 68,000
Yung, capital

5 Rent expense - equipment 560

Cash

9 Land 16,000
Cash

10 Supplies 1,600
Accounts payable

19 Cash 23,000
Note payable

22 Accounts payable 1,300

Cash

31 Cash 6,500
Accounts receivable 5,800
Service revenue

31 Salary expense 2,500

Rent expense - office 1,100
Utilities expense 400
Cash
 31 Yung, drawing 7,000
Cash

req 3
Vernon Yung, M.D.
Trial Balance
31-Jul-12
ACCOUNT DEBIT CREDIT
Cash $68,640
Accounts receivable 5,800
Supplies 1,600
Land 16,000
Accounts payable $300
Note payable 23,000
Yung, capital 68,000
Yung, drawing 7,000
Service revenue 12,300
Salary expense 2,500
Rent expense - office 1,100
Rent expense - equipment 560
Utilities expense 400              
Total $103,600 $103,600
CREDIT

68,000

560

16,000

1,600

Required
23,000 1Prepare General Journal
2Prepare t-accounts
3Prepare Trial balance
1,300

12,300

4,000
7,000
 Req 1
Journal
POST.
DATE ACCOUNTS AND EXPLANATIONS DEBIT CREDIT
REF.
Feb 4 Cash 11 4,000
Accounts receivable 12 4,000
Received cash on account.

8 Accounts receivable 12 4,600

Service revenue 41 4,600
Performed services on account.

13 Accounts payable 21 2,400

Cash 11 2,400
Paid on account.

18 Supplies 13 900
Accounts payable 21 900
Purchased supplies on account.

20 Mitchell, drawing 32 2,200

Cash 11 2,200
Owner drawing

21 Paid for deck for residence;

not a transaction of the
business.

22 Cash 11 2,300
Service revenue 41 2,300
Performed service for cash.

27 Rent expense 52 500

Cash 11 500
 Paid rent.

29 Salary expense 51 1,600

Cash 11 1,600
Paid employee salary.

Req 3
Sam Mitchell, CPA
Trial Balance
29-Feb-12
ACCT
ACCOUNT DEBIT CREDIT
. NO.

11 Cash $6,600
12 Accounts receivable 11,100
13 Supplies 1,500
14 Land 17,000
21 Accounts payable $3,200
31 Mitchell, capital 30,400
32 Mitchell, drawing 2,200
41 Service revenue 6,900
51 Salary expense 1,600
52 Rent expense 500              
Total $40,500 $40,500
2 Prepare t accounts
3 Prepare Trial Balance