6150 homework Sep 5
E2-9
A:
Cash

08/01 5,000 08/12 1,000 10 2,700 31 850

Balance 7,550

A/R

08/25 1,600 08/31 850

Balance 750

Equipment

08/12 5,000

N/P

08/12 4,000

Share Capital-Ordinary
08 15,000

Service Revenue 08/10 2,700
25 1,600 Balance 4,300
B: Trial Balance Debit Credit
Cash--------------------------------------------------------- 7,550
Accounts Receivable------------------------------------- 750
Equipment------------------------------------------------- 5,000
Notes payable--------------------------------------------- 4,000
Share Capital-Ordinary---------------------------------- 5,000
Service Revenue------------------------------------------ 4,300
13,300 13,300

P2-3A
A&c:
Cash Balance 8,000 | | | (1) 1,000 | | (3) 1,700 | (4) 13,000 | | | (5) 15,000 | (6) 5,000 | | | (7) 3,000 | | (8) 2,000 | 3,300 | |

Accounts Receivable | Balance 15,000 | | | (4) 13,000 | (6) 9,000 | | 11,000 | |

Supplies | Balance 13,000 | | (2) 4,000 | | 17,000 | |

Prepaid Rent | Balance 3,000 | | 3,000 | |

Equipment | Balance 21,000 | | 21,000 | | Accounts Payable | | Balance 19,000 | | (2) 4,000 | (5) 15,000 | | | 8,000 | | | Share Capital—Ordinary | | Balance 30,000 | | 30,000 | Retained Earnings | | Balance 11,000 | | 11,000 | Dividends | (8) 2,000 | | 2,000 | | Service Revenue | | (6) 14,000 | | 14,000 | Advertising Expense | (1) 1,000 | | 1,000 | | Miscellaneous Expense | (3) 1,700 | | 1,700 | | Salaries and Wages Expense | (7) 3,000 | | 3,000 | |

b: | | | | | | Debit | | Credit | 1. | | Advertising Expense | | | | 1,000 | | | | | Cash | | | | | | 1,000 | | | | | | | | | | 2. | | Supplies | | | | 4,000 | | | | | A/P | | | | | | 4,000 | | | | | | | | | | 3. | | Miscellaneous Expense | | | | 1,700 | | | | | Cash | | | | | | 1,700 | | | | | | | | | | 4. | | Cash | | | | 13,000 | | | | | A/R | | | | | | 13,000 | | | | | | | | | | 5. | | A/P | | | | 15,000 | | | | | Cash | | | | | | 15,000 | | | | | | | | | | 6. | | Cash | | | | 5,000 | | | | | A/R | | | | 9,000 | | | | | Service Revenue | | | | | | 14,000 | | | | | | | | | | 7. | | S&W Expense | | | | 3,000 | | | | | Cash | | | | | | 3,000 | | | | | | | | | | 8. | | Dividends | | | | 2,000 | | | | | Cash | | | | | | 2,000 | | | | | | | | | | D: Trial Balance

Debit Credit Cash $ 3,300 Accounts Receivable 11,000 Supplies 17,000 Prepaid Rent 3,000 Equipment 21,000 Accounts Payable $ 8,000 Share Capital—Ordinary 30,000 Retained Earnings 11,000 Dividends 2,000 Service Revenue 14,000 Advertising Expense 1,000 Miscellaneous Expense 1,700 Salaries and Wages Expense 3,000 $63,000 $63,000 BYP2-1 A: | | | | (1) Increase
Side | | | (1) Decrease
Side | | | (2) Normal
Balance | | Accounts (Trade)