ACC1010_Principles of Accounting I_SerialProblemTemplates.xlsx

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Baker CollegeACC 1010 Principles of Accounting IKate's Cards Serial Problem Ch. 2aGeneral JournalDescriptionDebit1 Cash10,000Common Stock2 No entry necessary3 Consulting Expense50Cash4 Equipment4,800Cash5 Supplies350Accounts Payable6 No entry required7 No entry required8 Supplies1,500Accounts Payable9 Cash5,000Accounts Recievable10 Cost of Goods sold1,750Accounts PayablePostingreference
11 Cost of Goods sold1,750Cash12 Prepaid insurance1,100insuransce expense100Cash13 Depreciation Expense100Accumulated Depreciation14 Salary Expense1,000Cash15 Rent Expense1,200Cash
bT-accountsCreditPRCashPRPRSupplies I110,000503535010,00095,0004,800481,5001,75011$1,8501,200121,000141,20015Equip$5,0004,80050Accounts payableCommo35054,8001,5008$(1,850)Cost of goods soldConsulting350101,750350Depreciation expenseWages e13100141,0001,500cKate's CardsTrial BalanceSeptember 30, 20195,000DebitCash4,900Accounts RecievableSupplies Inventory1001,750Prepaid Insurance1,100Equipment4,800
Accumilated depreciationaccounts payable1,750common stocksales revenueCosts of goods sold1,750consulting expense50Insurance Expense1001,200Depreciation Expenses100Wage expense1,000Rent expense1,200Retained earnings-100Totals$15,1001,0001,200
InventoryPRPRPrepaid InsurancePR121,100pmentAccumulated Depreciation -- Equipment10013on stockSales revenue10,00015,0009g expenseInsurance expense12100expenseRent expense151,200Credit

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Term
Fall
Professor
Ashley Harper
Tags
Balance Sheet, Depreciation, Generally Accepted Accounting Principles, Kate

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