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Self Study 2 - PR2-2B - Exercise about Accounting Principle

Nguyên lý kế toán (Trường Đại học Ngoại ngữ Tin học Thành phố Hồ Chí Minh)

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Mai Tiến Doanh (MBA) 2022

CHAPTER 2: ANALYZING TRANSACTIONS

Step 1: Journal (Original)

Journal Page 1
Date Description Post. Debit Credit
Ref.
A Cash 17,500
Common Stock 17,500
Transferred cash for business

B Supplies 2,300
Accounts Payable 2,300
Purchased supplies on account

C Cash 13,300
Sales Commissions 13,300
Earned sales commissions

D Rent Expense 3,000

Cash 3,000
Paid rent on office and equipment

E Accounts Payable 1,150

Cash 1,150
Paid creditor on account

F Dividends 1,800
Cash 1,800
Paid dividends

G Automobile Expense 1,500

Miscellaneous Expense 400
Cash 1,900
Paid automobile and misc. expense

H Office Salaries Expense 2,800

Cash 2,800
Paid office salaries

I Supplies Expense 1,050

Supplies 1,050
Determined supplies were used

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Mai Tiến Doanh (MBA) 2022

Step 2: Ledger (Original)

Ledger
Account Account No.
Cash

Date Item Post. Debit Credit Balance

Ref. Debit Credit
A 17,500 17,500
C 13,300 30,800
D 3,000 27,800
E 1,150 26,650
F 1,800 24,850
G 1,900 22,950
H 2,800 $20,150

Account Account No.

Supplies
Date Item Post. Debit Credit Balance
Ref. Debit Credit
B 2,300 2,300
I 1,050 $1,250

Account Account No.

Accounts
Payable
Date Item Post. Debit Credit Balance
Ref. Debit Credit
B 2,300 2,300
E 1,150 $1,150

Account Account No.

Common
Stock
Date Item Post. Debit Credit Balance
Ref. Debit Credit
A 17,500 $17,500

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Mai Tiến Doanh (MBA) 2022

Account Account No.

Dividends
Date Item Post. Debit Credit Balance
Ref. Debit Credit
F 1,800 $1,800

Account Account No.

Sales
Commissions
Date Item Post. Debit Credit Balance
Ref. Debit Credit
C 13,300 $13,300

Account Account No.

Rent Expense
Date Item Post. Debit Credit Balance
Ref. Debit Credit
D 3,000 $3,000

Account Account No.

Office
Salaries
Expense
Date Item Post. Debit Credit Balance
Ref. Debit Credit
H 2,800 $2,800

Account Account No.

Automobile
Expense
Date Item Post. Debit Credit Balance
Ref. Debit Credit
G 1,500 $1,500

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Mai Tiến Doanh (MBA) 2022

Account Account No.

Supplies
Expense
Date Item Post. Debit Credit Balance
Ref. Debit Credit
I= 1,050 $1,050

Account Account No.

Miscellaneous
expense
Date Item Post. Debit Credit Balance
Ref. Debit Credit
G 400 $400

Step 3: Unadjusted Trial Balance

Planet Realty
Unadjusted Trial Balance
August 31, 2018
Account No. Debit Balances Credit Balances
Cash $20,150
Supplies 1,250
Accounts Payable $1,150
Common Stock 17,500
Dividends 1,800
Sales Commissions 13,300
Rent Expense 3,000
Office Salaries 2,800
Expense
Automobile Expense 1,500
Supplies Expense 1,050
Miscellaneous Expense 400
Total $31,950 $31,950

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CLASS: MONDAY MORNING (4-6)

CODE: 302

GROUP: 08

MEMBERS:

07. Phạm Lan Anh

09. Vũ Lan Anh

23. Lý Anh Hào

35. Nguyễn Thị Bích Ngân

40. Vương Bảo Ngọc

42. Huỳnh Phương Nhã

49. Huỳnh Nguyễn Thuý Oanh

50. Đặng Thị Hồng Phúc

THE END

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