Question

He m a 101 paliwing transactions, posting a n counts, and preparing a tribal balance of Shawn Merry, CPA, is dad March 31, 2015 -com Learning the 1.4 The balance of 3. Ch ance 112.500 SHAWN MERRY, CPA Trial Balance March 31, 2018 CHAPTEE $11.000 30.000 Account Title Cash Accounts Receivable Office Supplies Land Furniture Automobile Accounts Payable Unearned Revenue Merry, Capital Merry, Withdrawals Service Revenue Salaries Expense Rent Expense Total $ 3,800 52,300 8,200 5.600 800 $ 64,300 564,300 During April, the business completed the following transactions: Apr. 4 Collected $2,500 cash from a client on account. 8 Performed tax services for a client on account, $5,400. 13 Paid $3,000 on account. 14 Purchased furniture on account, $3,600. 15 Merry contributed his personal automobile to the business in exchange for capital. The automobile had a market value of $9,500. 18 Purchased office supplies on account, 5900 19 Received $2,700 for tax services performed on April 8. 20 Merry withdrew cash of $6,500. 21 Received $5,700 cash for consulting work completed. 24 Received $2,400 cash for accounting services to be completed next month. Paid office rent, $600. 28 Paid employee salary, $1,700. 27

Answer 1

1) Journal Entries in Books of Shawn Merry, CPA:

Journal Entries in Books of Shawn Merry, CPA during April 2018
Date	Particulars	Debit	Credit
April 4	Cash	$2,500
	Accounts Receivable		$2,500
	(Collected Cash from Client on account)
April 8	Accounts Receivable	$5,400
	Service Revenue		$5,400
	(Performed tax services for client.)
April 13	Accounts Payable	$3,000
	Cash		$3,000
	(Paid $3,000 on account.)
April 14	Furniture	$3,600
	Accounts Payable		$3,600
	(Purchased Furniture on account.)
April 15	Automobile	$9,500
	Merry, Capital		$9,500
	(Merry's Personal Automobile introduced in business.)
April 18	Office Supplies	$900
	Accounts Payable		$900
	(Purchased Office supplies on account.)
April 19	Cash	$2,700
	Accounts Receivable		$2,700
	(Received cash for tax services performed on April 8)
April 20	Merry, Withdrawal	$6,500
	Cash		$6,500
	(Merry Withdrew cash of $6,500.)
April 21	Cash	$5,700
	Service Revenue		$5,700
	(Received cash for consulting work completed.)
April 24	Cash	$2,400
	Unearned Revenue		$2,400
	(Cash received for accounting services to be completed next month.)
April 27	Rent Expense	$600
	Cash		$600
	(Rent paid $600.)
April 28	Salaries Expense	$1,700
	Cash		$1,700
	(Salary paid to employee.)
		$44,500	$44,500

2) Accounts in Ledger Book:

Date Particulars April 1 Balance b/f April 4 Accounts Receivable Cash Amount Date Particulars $ 11,000 April 13 Accounts Payable $ 2,500 April 20 Merry, Withdrawal | Amount | $ 3,000 $ 6,500 $ $ April 19 Accounts Receivable April 21 Service Revenue April 24 Unearned Revenue 2,700 April 27 Rent Expense 5,700 April 28 Salaries Expense 2,400 600 1,700 $ April 30 Balance c/f $ 24,300 $ 12,500 $ 24,300

Date Particulars April 1 Balance b/f April 8 Service Revenue Account Receivable Amount Date Particulars $ 16,500 April 4 Cash $ 5,400 April 19 Cash Amount $ 2,500 $ 2,700 April 30 Balance c/f $ 16,700 $ 21,900 $ 21,900 | Amount Date Particulars April 1 Balance b/f April 18 Accounts Payable Office Supplies Amount Date Particulars $ 400 $ 900 April 30 Balance c/f $ 1,300 $ $ 1,300 1,300 Land Amount $ 30,000 Date Particulars Date Particulars April 1 Balance b/f Amount April 30 Balance c/f $ 30,000 $ 30,000 $ 30,000

Furniture Amount $ 3,600 Date Particulars Date Particulars April 14 Accounts Payable Amount Balance c/f $ $ 3,600 3,600 3,600 $ Automobile Amount $ 9,500 Date Particulars Date Particulars April 15 Merry, Capital Amount Balance c/f $ $ 9,500 9,500 $ 9,500

Particulars Date April 13 Cash Accounts Payable Amount Date Particulars $ 3,000 April 1 Balance b/f April 14 Furniture $ 5,300 April 18 Office Supplies $ 8,300 Amount $ 3,800 $ 3,600 900 $ 8,300 April 30 Balance c/f

Date Particulars Unearned Revenue Amount Date Particulars April 24 Cash Amount $ 2,400 April 30 Balance c/f $ $ 2,400 2,400 $ 2,400

Date Particulars Amount Merry, Capital Amount Date Particulars April 1 Balance b/f April 15 Automobile $ 61,800 $ 61,800 $ 52,300 $ 9,500 April 30 Balance c/f $ 61,800 Particulars Merry, Withdrawal Amount Date $ 6,500 Particulars Date April 20 Cash Amount April 30 Balance c/f $ $ 6,500 6,500 $ 6,500 Date Particulars Service Revenue Amount Date Particulars Amount April 1 Balance b/f $ 8,200 April 8 Accounts Receivable $ 5,400 $ 19,300 April 21 Cash $ 5,700 $ 19,300 $ 19,300 April 30 Balance c/f

Amount Date Particulars April 1 Balance b/f April 27 Cash Rent Expense Amount Date Particulars $ 800 $ 600 April 30 Balance c/f $ 1,400 $ $ 1,400 1,400 Amount Date Particulars April 1 Balance b/f April 28 Cash Salaries Expense Amount Date Particulars $ 5,600 $ 1,700 April 30 Balance c/f $ 7,300 $ $ 7,300 7,300

3) Trial Balance:

Trial Balance Shawn Merry, CPA as on April 30, 2018
Account Title	Debit	Credit
Cash	$12,500
Accounts Receivable	$16,700
Office Supplies	$1,300
Land	$30,000
Furniture	$3,600
Automobile	$9,500
Accounts Payable		$5,300
Unearned Revenue		$2,400
Merry, Capital		$61,800
Merry, Withdrawals	$6,500
Service Revenue		$19,300
Salaries Expense	$7,300
Rent Expense	$1,400
Total	$88,800	$88,800