ACC201 Workbook1 - 1 2 3 Asset Accounts Acct Cash Baking...

Info icon This preview shows pages 1–17. Sign up to view the full content.

1
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

2
Image of page 2
3
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

4 Asset Accounts Acct # Cash 101 Baking Supplies 102 Prepaid Rent 103 Prepaid Insurance 104 Baking Equipment 105 Misc. Supplies 106 Accounts Receivable 107 Accumulated Depreciation 108 This chart of accounts should help you identify the appropria journaling transactions for this workbook. There is nothing to for you.
Image of page 4
5 Liability Accounts Equity Accounts Acct # Notes Payable 201 Common Stock Accounts Payable 202 Dividends Wages Payable 203 Interest Payable 204 Revenue Accounts Bakery Sales Merchandise Sales Expense Accounts Baking Supplies Expense Rent Expense Insurance Expense Misc. Expense Business License Expense Advertising Expense Wages Expense Telephone Expense Interest Expense Depreciation Expense Misc. Supplies Expense Cost of Goods Sold ate accounts to record to as you are analyzing and o complete on this page; this is simply a resource
Image of page 5

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

6 Acct # 301 302 Acct # 401 402 Acct # 501 502 503 504 505 506 507 508 509 510 511 512
Image of page 6
7 Peyton Approved General Journal Entries Jul-14 Date Accounts Debit Credit 1-Jul Cash 15,000.00 Common Stock 15,000.00 Contributed cash for common stock 1-Jul Baking Supplies 8,500.00 Accounts Payable 8,500.00 Purchased baking supplies on account 3-Jul Cash 10,000.00 Notes Payable 10,000.00 Exchanged cash for 2-yr note 7-Jul Rent expense 1,500.00 Cash 1,500.00 Paid lease agreement 7-Jul Prepaid Rent 1,500.00 Cash 1,500.00 Prepaid last month rent 10-Jul Business License Expense 375.00 Cash 375.00 Paid for business license 11-Jul Misc. Supplies 250.00 Cash 250.00 Purchased cash register 13-Jul Baking Equipment 5,000.00 Common Stock 5,000.00 Transferred equipment for common stock 13-Jul Advertising Expense 200.00 Cash 200.00 Purchased advertising supplies 14-Jul Misc. Supplies 300.00 Cash 300.00
Image of page 7

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

8 Purchased Misc. Supplies 30-Jul Telephone Expense 45.00 Accounts Payable 45.00 Bill for telephone service 31-Jul Prepaid Insurance 1,200.00 Cash 1,200.00 Prepaid annual insurance policy 31-Jul Wages Payable 120.00 Cash 120.00 Wages for employee 31-Jul Cash 10,000.00 Bakery Sales 10,000.00 Sales paid in cash for bakery 31-Jul Accounts Receivable 5,000.00 Bakery Sales 5,000.00 Bakery sales on account
Image of page 8
9
Image of page 9

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

10
Image of page 10
11
Image of page 11

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

12
Image of page 12
13
Image of page 13

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

14
Image of page 14
15
Image of page 15

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

16 Peyton Approved General Journal Entries Aug-14 Date Accounts Debit 5-Aug Salary Expense 120.00 Cash Paid salary for part-time help 8-Aug Cash 3,200.00 Accounts Receivable Received payment on account. 10-Aug Telephone expense 45.00 Cash Paid telephone bill 15-Aug Baking Supplies 5,000.00 Accounts Payable Purchased baking supplies on account 15-Aug Wages Payable 480.00 Accounts Payable Wages for employees 15-Aug Rent Expense 1,500.00 Cash Paid rent with cash 18-Aug Cash 1,000.00 Accounts Receivable Received payment on account.
Image of page 16
Image of page 17
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern