Nidal Charafeddine

Acct 550
Week 1
CA 1-3
1.
2.
3.
4.
5.
6.
7.
8.

d
d
d
a
a
b
d
b

E 2-5
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
(j)
(k)
(l)

Gains, losses.
Liabilities.
Investments by owners, comprehensive income. Also possible would be
revenues and gains.
Distributions to owners.
Comprehensive income. Also possible would be revenues and gains.
Assets.
Comprehensive income.
Revenues, expenses.
Equity.
Revenues.
Distributions to owners.
Comprehensive income.

E 3-1
Apr.

Cash
Equipment
Owners Capital

No entrynot a transaction.

Supplies
Accounts Payable

32,000
14,000

700

46,000

700

Rent Expense
Cash

600

11

Accounts Receivable
Service Revenue

1,100

12

Cash

3,200

17

Cash

21

Insurance Expense
Cash

30

Salaries and Wages Expense

Cash

30

Supplies Expense
Supplies

30

Equipment
Owners Capital

Unearned Service Revenue

Service Revenue

2,300

110

1,160

120

6,100

600

1,100

3,200

2,300

110

1,160

120

6,100

E 3-5
1.

Depreciation Expense ($250 X 3)

Accumulated DepreciationEquipment

2.

Unearned Rent Revenue ($9,300 X 1/3)

Rent Revenue

3.

Interest Expense
Interest Payable

4.

Supplies Expense

750

3,100

750

3,100

500
500
1,950

Supplies ($2,800 $850)

5.

Insurance Expense ($300 X 3)

Prepaid Insurance

1,950
900

900