Homework Answers
| DATE | LEDGER ACCOUNTS | DEBIT(€) | CREDIT(€) |
| 1/4 |
Purchases a/c Dr TO Creditor a/c (Being milk stools purchased on credit) |
900 |
900 |
| 2/4 |
Cash a/c Dr To Accounts Receivables a/c Rent a/c Dr Accounts payables a/c Dr Redemption on loan a/c Dr Interest on Loan a/c Dr To Cash a/c (Being expenses have been debited and income has been credited) |
121 900 363 500 137 |
121 1900 |
| 5/4 |
Creditor a/c Dr To Purchases returns a/c (Being purchase return of milk stools) |
30 |
30 |
| 7/4 |
Debtor a/c Dr To Sales a/c (Being milk sold on credit basis) |
150 |
150 |
| 29/4 |
Depreciation a/c Dr To Equipment a/c (Being monthly depreciation provided on equipment) |
130 |
130 |
| 1-4/30-4 |
Cash a/c Dr To Sales a/c (Being milk sold on cash basis) |
1000 |
1000 |
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Exercise 2.2 The gift shop of the Frisian Museum uses the following ledger accounts: Equipment Accounts...
Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment;...
Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Jason Payne, Capital; Jason Payne, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Transactions Oct. 1 3 6 10 15 27 30 31 31 31 Paid rent for the month, $2,300. Paid advertising expense, $700. Paid cash for supplies, $1,250. Purchased office equipment on account, $9,600. Received cash from customers on account, $17,000. Paid creditors on account, $3,180. Paid...
Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment;...
Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Jason Payne, Capital; Jason Payne, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Transactions Oct. 1 Paid rent for the month, $2,200. 3 Paid advertising expense, $550. 5 Paid cash for supplies, $1,200. 6 Purchased office equipment on account, $9,300. 10 Received cash from customers on account, $16,950. 15 Paid creditors on account, $3,000. 27 Paid cash for miscellaneous...
Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment;...
Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Jason Payne, Capital; Jason Payne, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Oct. 1. Paid rent for the month, $3,000. 3. Paid advertising expense, $1,940. 5. Paid cash for supplies, $830. 6. Purchased office equipment on account, $12,700. 10. Received cash from customers on account, $4,160. 15. Paid creditors on account, $1,220. 27. Paid cash for miscellaneous expenses,...
Following are the general ledger account balances, listed in alphabetical order Accounts payable Accounts receivable Accumulated...
Following are the general ledger account balances, listed in alphabetical order Accounts payable Accounts receivable Accumulated depreciation-equipment 3,700 Rent expense Cash Common shares Dividends declared Equipment s 3,000 Held for trading investments 5,600 400 900 11,720 3,700 6,020 160 4,000 Income tax expense 2,400 Retained earnings 9,100 Salaries expense 300 Service revenue 16,400 Unearned revenue Identify the normal balance of each account. Normal Balance Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common shares Dividends declared Equipment Held for trading investments...
Transactions Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office...
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On November 1, 2017, the following were the account balances of Soho Equipment Repair. Cash Accounts...
On November 1, 2017, the following were the account balances of Soho Equipment Repair. Cash Accounts Receivable Supplies Equipment Debit $ 3,250 3,080 1,580 10,460 Credit $ 500 2,760 400 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings 790 10,460 3,460 $18,370 $18,370 During November, the following summary transactions were completed. Nov. 8 10 12 15 17 Paid $1,220 for salaries due employees, of which $430 is for November and $790 is for...
Transactions Innovative Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office...
Transactions Innovative Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equipment, Accounts Payable, Common Stock, Retained Earnings, Dividends, Fees Eamed, Rent Expense, Advertising Expense, Utilities Expense, Miscellaneous Expense. Journalize the following selected transactions for October 20Y2 in a two-column journal. Journal entry explanations may be omitted. If an amount box does not require an entry, leave it blank Oct. 1. Paid rent for the month, $2,500. 4. Pald advertising expense, $1,000 5. Paid cash...
sactions ovative Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office...
sactions ovative Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equipment, Accounts Payable, com mings, Dividends, Fees Earned, Rent Expense, Advertising Expense, Utilities Expense, Miscellaneous Expense. nalize the following selected transactions for October 2012 in a two-column journal. Journal entry explanations may be omitted. If an amount y, leave it blank. 2. 1. Paid rent for the month, $2,500. 4. Paid advertising expense, $1,000. 5. Paid cash for supplies, $1,800. 6. Purchased office equipment...
CHART OF ACCOUNTS Thomson Co. General Ledger ASSETS 110 Cash 111 Petty Cash 121 Accounts Receivable...
CHART OF ACCOUNTS
Thomson Co.
General Ledger
ASSETS
110
Cash
111
Petty Cash
121
Accounts Receivable
122
Allowance for Doubtful Accounts
126
Interest Receivable
127
Notes Receivable
131
Merchandise Inventory
141
Office Supplies
142
Store Supplies
151
Prepaid Insurance
191
Land
192
Store Equipment
193
Accumulated Depreciation-Store Equipment
194
Office Equipment
195
Accumulated Depreciation-Office Equipment
LIABILITIES
210
Accounts Payable
221
Salaries Payable
231
Sales Tax Payable
232
Interest Payable
241
Notes Payable
251
Bonds Payable
252
Discount on Bonds Payable...
Make T-accounts for the following accounts that appear in the general ledger of The Dog &...
Make T-accounts for the following accounts that appear in the
general ledger of The Dog & Cat Hospital, owned by Kate Miller,
a veterinarian: Cash; Accounts Receivable; Supplies; Office
Equipment; Accounts Payable; Common Stock; Dividends; Professional
Fees Earned; Salaries Expense; and Rent Expense.
Using the accounting equation, record each of the transactions
in columnar format. Prepare journal entries and record the
following December transactions in the T-accounts and key all
entries with the number identifying the transaction. Finally
determine the...
Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Jason Payne, Capital; Jason Payne, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Transactions Oct. 1 3 6 10 15 27 30 31 31 31 Paid rent for the month, $2,300. Paid advertising expense, $700. Paid cash for supplies, $1,250. Purchased office equipment on account, $9,600. Received cash from customers on account, $17,000. Paid creditors on account, $3,180. Paid...
Following are the general ledger account balances, listed in alphabetical order Accounts payable Accounts receivable Accumulated depreciation-equipment 3,700 Rent expense Cash Common shares Dividends declared Equipment s 3,000 Held for trading investments 5,600 400 900 11,720 3,700 6,020 160 4,000 Income tax expense 2,400 Retained earnings 9,100 Salaries expense 300 Service revenue 16,400 Unearned revenue Identify the normal balance of each account. Normal Balance Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common shares Dividends declared Equipment Held for trading investments...
On November 1, 2017, the following were the account balances of Soho Equipment Repair. Cash Accounts Receivable Supplies Equipment Debit $ 3,250 3,080 1,580 10,460 Credit $ 500 2,760 400 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings 790 10,460 3,460 $18,370 $18,370 During November, the following summary transactions were completed. Nov. 8 10 12 15 17 Paid $1,220 for salaries due employees, of which $430 is for November and $790 is for...
Transactions Innovative Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equipment, Accounts Payable, Common Stock, Retained Earnings, Dividends, Fees Eamed, Rent Expense, Advertising Expense, Utilities Expense, Miscellaneous Expense. Journalize the following selected transactions for October 20Y2 in a two-column journal. Journal entry explanations may be omitted. If an amount box does not require an entry, leave it blank Oct. 1. Paid rent for the month, $2,500. 4. Pald advertising expense, $1,000 5. Paid cash...
sactions ovative Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equipment, Accounts Payable, com mings, Dividends, Fees Earned, Rent Expense, Advertising Expense, Utilities Expense, Miscellaneous Expense. nalize the following selected transactions for October 2012 in a two-column journal. Journal entry explanations may be omitted. If an amount y, leave it blank. 2. 1. Paid rent for the month, $2,500. 4. Paid advertising expense, $1,000. 5. Paid cash for supplies, $1,800. 6. Purchased office equipment...
CHART OF ACCOUNTS
Thomson Co.
General Ledger
ASSETS
110
Cash
111
Petty Cash
121
Accounts Receivable
122
Allowance for Doubtful Accounts
126
Interest Receivable
127
Notes Receivable
131
Merchandise Inventory
141
Office Supplies
142
Store Supplies
151
Prepaid Insurance
191
Land
192
Store Equipment
193
Accumulated Depreciation-Store Equipment
194
Office Equipment
195
Accumulated Depreciation-Office Equipment
LIABILITIES
210
Accounts Payable
221
Salaries Payable
231
Sales Tax Payable
232
Interest Payable
241
Notes Payable
251
Bonds Payable
252
Discount on Bonds Payable...
Make T-accounts for the following accounts that appear in the
general ledger of The Dog & Cat Hospital, owned by Kate Miller,
a veterinarian: Cash; Accounts Receivable; Supplies; Office
Equipment; Accounts Payable; Common Stock; Dividends; Professional
Fees Earned; Salaries Expense; and Rent Expense.
Using the accounting equation, record each of the transactions
in columnar format. Prepare journal entries and record the
following December transactions in the T-accounts and key all
entries with the number identifying the transaction. Finally
determine the...
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