EXERCISE 4-9

DATE

October 1

1
10

11

12

13

14

15

2
 ACCOUNT TITLE/EXPLANATION PR/F DEBIT

Cash 1 0
Of ce Equipment 7
Noel Dy, Capital
Cash and of ce equipment investment

Rent Expense
Cash
Paid rent expense

Shop tools
Cash
Purchased shop tools

Accounts Receivable
Service Income
Completed repair work for Mr. Gonzales on credit

Shop tools
Accounts payable
Purchased shop tools on credit from Adrian Cruz

Cash
Accounts Receivable
MJ Gonzales paid her account in full

Accounts Payable
Cash
Paid 1/2 of account due to Adrian cruz

Advertising expense
Cash
Paid advertising expense to Inquirer

Salaries expense

3
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 Cash
Paid wages of shop helpers

Noel Dy, Drawing

Cash
Withdrawal of cash for personal use

Of ce supplies
Cash
Purchased of ce supplies for of ce use

Of ce supplies 1
Accounts payable
Bought of ce supplies and issued promissory note

Automobile 7
Noel Dy, investment
Additional investment of automobile

Noel Dy, Drawing

Of ce supplies
Withdrawal of of ce supplies

Cash
Service Income
Received cash for various repairs done

4
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 PAGE 1

DEBIT CREDIT

0 0 0 0
5 0 0 0
1 7 5 0 0 0

1 0 0 0
1 0 0 0

2 9 0 0
2 9 0 0

5 2 0 0
5 2 0 0

5 0 0 0
5 0 0 0

5 2 0 0
5 2 0 0

2 5 0 0
2 5 0 0

4 0 0
4 0 0

5 9 0 0

5
 5 9 0 0

2 6 0 0
2 6 0 0

8 4 0
8 4 0

5 0 0 0
1 5 0 0 0

5 0 0 0
7 5 0 0 0

2 5 0
2 5 0

5 2 0 0
5 2 0 0

6
EXERCISE 4-10

DATE

November 1

1
9

10

11

12

13

14

14

15

2
 ACCOUNT TITLE/EXPLANATION PR/F DEBIT

Cash 3 5
Of ce Equipment 4
Fred Dee, Capital
Cash and equipment invested
6
Rent expense
Cash
Paid rent expense

Shop supplies 1
Accounts payable
Purchased supplies on credit from Avenson Trading

Cash
Shop supplies
Returned shop supplies due to wrong speci cations

Service Van 5 5
Cash
Accounts payable
Bought service van from Aspen Motors, 30% down payment

Insurance expense 1
Cash
Paid 1 year insurance on van

Shop equipment 7
Cash
Accounts payable
Bought shop equipment from Kenneth Hardware on account,
20% down payment

Cash 3
Service income

3
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fi
 Received cash from aircon repair services

Accounts Payable
Cash
Issued check in partial payment of supplies from Avenson Trading

Of ce supplies
Cash
Purchased of ce supplies

Accounts receivable 2
Services income
Billed several clients for aircon cleaning and repair services

Accounts Payable 6
Cash
Settled account with Kenneth hardware in full

Accounts receivable
Cash
Service income
Rendered aircon repair services,

Accounts Payable 3
Cash
Paid rst installment on service van

Accounts payable 1
Cash
Settled account with Avenson Trading in full

Salaires expense
Cash

4
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 PAGE 1

DEBIT CREDIT

0 0 0 0
5 0 0 0
3 9 5 0 0 0

0 0 0 0
6 0 0 0 0

0 0 0 0
1 0 0 0 0

1 2 0 0
1 2 0 0

0 0 0 0
1 6 5 0 0 0
3 8 5 0 0 0

2 2 5 0
1 2 2 5 0

5 5 0 0
1 5 1 0 0
6 0 4 0 0

5 7 5 0
3 5 7 5 0

5
4 5 0 0
4 5 0 0

5 1 2 0
5 1 2 0

0 0 0 0
2 0 0 0 0

0 4 0 0
6 0 4 0 0

7 5 0 0
5 0 0 0
1 2 5 0 0

8 5 0 0
3 8 5 0 0

0 0 0 0
1 0 0 0 0

8 2 5 0
8 2 5 0