Problem 2-4B

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Score: 0%

Instructions

Answers are entered in the cells with gray backgrounds.

Cells with non-gray backgrounds are protected and cannot be edited.
Enter the appropriate amounts in the answer cells.
In the general ledger accounts, only the final balance of the account will be graded.
An asterisk (*) will appear to the right of incorrect entries in outlined answer cells.

1 and 3.

GENERAL LEDGER
Cash 11
Post Balance
Date Item Ref. Dr. Cr. Dr. Cr.
20Y7
Aug. 1 Balance Ö 52,500
2 18 7200 46300
3 18 83900 129200
5 18 12000 117200
17 18 8000 109200
23 18 13,750 95450
29 19 1700 93750
30 19 2500 91250
31 19 2000 93250
31 19 53000 40250
31 19 7500 32750
31 19 1000 31750
31 19 5000 36750 *

Accounts Receivable 12
Post Balance
Date Item Ref. Dr. Cr. Dr. Cr.
20Y7
Aug. 1 Balance Ö 100,100
3 18 83900 16200
31 19 183500 199700 *

Prepaid Insurance 13
Post Balance
Date Item Ref. Dr. Cr. Dr. Cr.
20Y7
Aug. 1 Balance Ö 12,600
5 18 12000 24600 *

Office Supplies 14
Post Balance
Date Item Ref. Dr. Cr. Dr. Cr.
20Y7
Aug. 1 Balance Ö 2,800
1 18 3,150 5950
9 400 5550 *

Land 16
Post Balance
Date Item Ref. Dr. Cr. Dr. Cr.
20Y7
Aug. 75000 75000 *

Accounts Payable 21
Post Balance
Date Item Ref. Dr. Cr. Dr. Cr.
20Y7
Aug. 1 Balance Ö 21,000
3 3150 24150
400 23750
13750 1,000 *

Unearned Rent 22
Post Balance
Date Item Ref. Dr. Cr. Dr. Cr.
20Y7
Aug.

Notes Payable 23
Post Balance
Date Item Ref. Dr. Cr. Dr. Cr.
20Y7
Aug.

Cindy Getman, Capital 31

Post Balance
Date Item Ref. Dr. Cr. Dr. Cr.
20Y7
Aug. 1 Balance Ö 87,500

Cindy Getman, Drawing 32

Post Balance
Date Item Ref. Dr. Cr. Dr. Cr.
20Y7
Aug. 1 Balance Ö 44,800

Fees Earned 41
Post Balance
Date Item Ref. Dr. Cr. Dr. Cr.
20Y7
Aug. 1 Balance Ö 591,500

Salary and Commission Expense 51

Post Balance
Date Item Ref. Dr. Cr. Dr. Cr.
20Y7
Aug. 1 Balance Ö 385,000

Rent Expense 52
Post Balance
Date Item Ref. Dr. Cr. Dr. Cr.
20Y7
Aug. 1 Balance Ö 49,000

Advertising Expense 53
Post Balance
Date Item Ref. Dr. Cr. Dr. Cr.
20Y7
Aug. 1 Balance Ö 32,200

Automobile Expense 54
Post Balance
Date Item Ref. Dr. Cr. Dr. Cr.
20Y7
Aug. 1 Balance Ö 15,750

Miscellaneous Expense 59
Post Balance
Date Item Ref. Dr. Cr. Dr. Cr.
20Y7
Aug. 1 Balance Ö 5,250