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
REF.
a. Cash 1 14,100
Office furniture 5,200
Capital

b. Rent Expense 1,500

Cash 1

c. Office supplies 900

A/Payable

d. Salary expense 1,700

Cash 1

e. A/payable 700
Cash 1

f. A/receivable 5,900
Service revenue

g. Parker, drawing 6,700

cash 1
 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

acc: 1 cash

a.capital 14100
 14100
beg bal 3500

acc: 2 Office furniture

a.capital 5200

5200
beg bal 5200

acc: 3 Office supplies

c.A/pay 900

900
beg bal 900

acc: 4 Account Receivable

f.service revenue 5900

5900
beg bal 5900

acc:5 Account Paybale

e. e. cash 700
end bal 200

900

acc:6 capital
end bal 19300

19300

acc:7 Drawing
g.cash 6700

6700
beg bal 6700

acc:8 Service revenue

end bal 5900

5900

acc: 9 Rent expense

b.cash 1500
 1500
beg bal 1500

acc: 10 Salary expense

d.cash 1700

1700
beg bal 1700
 1 CASH
2 OFFICE FURNITURE
CREDIT
3 CAPITAL
4 RENT EXPENSES
5 OFFICE SUPPLIES
19,300 6 A/PAYABLE
7 SALARY EXPENSE
8 A/RECEIVABLE
1,500 9 SERVICE REVENUE
10 DRAWING

900
Cash
a. 14100 b. 1500
d. 1700
1,700 e. 700
g. 6700
End 3500
14100 14100
700 beg 3500

A/payable
e. 700 c. 900
5,900 End 200

6,700 900 900

 Rent expense
b 1500 End 1500

1500 1500

cash

b.rent exp 1500

d.salary exp 1700
e. a/payable 700
g.drawing 6700
 endbal 3500

14100

Office furniture
endbal 5200

5200

Office supplies
endbal 900

900

Account Receivable
endbal 5900

5900

Account Paybale
c. off supplies 900
 900
beg bal 200

capital
a. cash & off. Fu 19300

19300
beg bal 19300

Drawing
end bal 6700

6700

Service revenue
f.A/Receivable 5900

5900
beg bal 5900

Rent expense
endbal 1500
 1500

Salary expense
endbal 1700

1700
 office furniture office supplies A/Receivable
a 5200 End 5200 c. 900 End 900 f. 5900

5200 5200 900 900 5900

Drawing Capital service revenue

g 6700 End 6700 End 19300 a 19300 end 5900

6700 6700 19300 19300 5900

 Salary expense
d 1700 End 1700

1700 1700
 A/Receivable
End 5900

5900

service revenue
f 5900

5900
Q1 Journal

DATE ACCOUNTS AND EXPLANATIONS

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
1 Cash
2 Accounts receivable
3 Office supplies
4 Building
5 Accounts payable
6 capital
7 Service revenue
8 Salary expense
9 Rent expense
Total
Additionl work balance sheet
abc
b/s
date

assets
Cash 4200
Accounts receivable 600
Office supplies 500
Building 47000

total 52300
Journal

POST.
DEBIT CREDIT
REF.

48,000
48,000

500
500

47,000
47,000

4,400
4,400

200
200

2,200
2,200

1,600
1,600
 1,900
700
2,600

pe Technology solutions
Trial Balance
31, Aug 2012
DEBIT CREDIT
$4,200
600
500
47,000
$300
48,000
6,600
1,900
700
$54,900 $54,900
Prepared in class

ledgers or T Accounts

acc: 1 cash
beg bal 0
aug 1 .capital 48000 4 aug .building 47000
aug 6. revenue 4400 9 aug . a/payable 200
aug 23. A/rec 1600 31. aug expenses 2600
endbal 4200

54000 54000
beg bal 4200

acc: 2 Building
4aug .cash 47000 endbal 47000

47000 47000
beg bal 47000
acc: 3 Office supplies
aug 2-.A/pay 500 endbal 500

500 500
beg bal 500

acc: 4 Account Receivable

aug 17.service revenue 2200 23 aug cash 1600
end bal 600

2200 2200
beg bal 600

acc:5 Account Paybale

9 aug cash 200 aug 2 - off supplies 500
end bal 300

500
beg bal 300

acc:6 capital
end bal 48000 aug 1 cash 48000

48000 48000
beg bal 48000
acc:7 Service revenue
end bal 6600 aug 6- cash 4400
aug 17-A/rec 2200

6600 6600
beg bal 6600

acc: 8 Rent expense

31 aug-cash 700 endbal 700

700 700
beg bal 700

acc: 9 Salary expense

31 aug-cash 1900 endbal 1900

1900 1900
beg bal 1900

liability
a/payable 300
equity
capital 52000

total 52300
 service revenue

salary expense
rent expense

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

8 Salary expense
9 Rent expense
ledgers or T Accounts ledgers or T Acc
Cash
1-Aug 48000 4-Aug 47000 2-Aug
6-Aug 4400 9-Aug 200
23-Aug 1600 31-Aug 2600
End 4200

54000 54000

A/payable

9-Aug 200 2-Aug 500 end

End 300

500 500

Salary expense

31-Aug 1900 End 1900 31-Aug

1900 1900
dgers or T Accounts ledgers or T Accounts
supplies building
500 End 500 4-Aug 47000 End 47000

500 500 47000 47000

capital service revenue

48000 1-Aug 48000 End 6600 6-Aug 4400

17-Aug 2200

48000 48000 6600 6600

Rent expense

700 End 700

700 700
 a/receivable
17-Aug 2200 23-Aug 1600
End 600

2200 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
1 Cash $68,640
2 Accounts receivable 5,800
3 Supplies 1,600
4 Land 16,000
5 Accounts payable $300
6 Note payable 23,000
7 Yung, capital 68,000
8 Yung, drawing 7,000
9 Service revenue 12,300
10 Salary expense 2,500
11 Rent expense - office 1,100

Rent expense - equipment 560

12
13 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