Bus230A Chpt3 Exercises

Bus230A Chpt3 Exercises - E3-4A Prepare the journal entries...

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E3-4A Prepare the journal entries from E3-2A to T-accounts. Assume the company has a beginning balance of $5,000 in Cash, $22,500 in Accounts Receivable, and $27,500 in Retained Earnings. Determine the ending balance in each account. Ref. Date-2010 Transaction Debit Credit J-1 August Cash 100,000 Common Stock 100,000 J-2 August Delivery Van 23,000 Cash 23,000 J-3 August Supplies 2,500 Accounts Payable 2,500 J-4 August Accounts Receivable 2,600 Service Revenue 2,600 J-5 August Accounts Payable 1,300 Cash 1,300 J-6 August Operating Expenses 1,200 Cash 1,200 J-7 August Cash 700 Accounts Receivable 700 J-8 August Dividends 1,000 Cash 1,000
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E3-4A (continued) J-1 23,000 J-2 J-7 1,300 J-5 1,200 J-6 1,000 J-8 J-4 2,600 700 J-7 100,000 J-1 100,000 J-3 2,500 J-8 1,000 1,000 J-2 23,000 2,600 J-4 2,600 J-5 1,300 2,500 J-3 J-6 1,200 1,200 1,200 Service Revenue Operating Expenses Common Stock Dividends Supplies Accounts Receivable Cash Delivery Van Accounts Payable
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E3-4A (continued) Networking Services, Inc. Trial Balance August 31, 2010 Debit Credit Cash $74,200 Accounts Receivable 1,900 Supplies 2,500 Delivery Van 23,000 Accounts Payable $1,200 Common Stock 100,000 Dividends 1,000 Service Revenue 2,600 Operating Expenses 1,200 $103,800 $103,800
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Bus230A Chpt3 Exercises - E3-4A Prepare the journal entries...

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