ACC111-CH02HW - Brief Exercises 2-2 Page 77 Date June 1 2 3 12 Account Debited Cash Equipment Rent Service Revenue Account Credited Capital Payable Cash

ACC111-CH02HW - Brief Exercises 2-2 Page 77 Date June 1 2 3...

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Brief Exercises 2-2, Page 77 Date Account Debited Account Credited June 1 Cash Capital 2 Equipment Payable 3 Rent Cash 12 Service Revenue Accounts Receivable
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Brief Exercises 2-4, Page 7712Analyze each transaction. In this step, business documents are examined to determine the effects of the transaction of the accounts.Enter each transaction in a journal. This step is called journalizing and it results in making a chronological record of the transaction.Transfer journal information to ledger accounts. This step is called posting. Posting makes it possible to accumulate the effects of journalized transactions on individual accounts. 3
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Exercises 2-9, Page 81 Cash June F Date Explanation Ref Debit Credit Balance Aug 1 Owner's investment of cash in business 5,000 5,000 10 Received cash for services performed 2,600 7,600 12 Purchased equipment for cash and notes payable 2,300 5,300 31 Receipt of cash on account 900 6,200 Cash Accounts Re Accounts Receivable Equipment Date Explanation Ref Debit Credit Balance Notes Payab Aug 25 Billed Clients for services performed 1,700 1,700 Owner's Ca 31 Receipt of cash on account 900 800 Service Rev Equipment Date Explanation Ref Debit Credit Balance Aug 12 Purchased equipment for cash and notes payable 5,000 5,000 Notes Payable Date Explanation Ref Debit Credit Balance Aug 12 Purchased equipment for cash and notes payable 2,700 2,700 Owner's Capital Date Explanation Ref Debit Credit Balance Aug 1 Owner's investment of cash in business 5,000 5,000 Service Revenue Date Explanation Ref Debit Credit Balance Aug 10 Received cash for services performed 2,600 2,600 25 Billed clients for services performed 1,700 4,300
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Feldman, Investment Broker Trial Balance August 31, 2017 Debit Credit $ 6,200 eceivable 800 5,000 ble $ 2,700 apital 5,000 venue 4,300 12,000 $ 12,000
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Exercises 2-12, Page 82 (a) General Journal J1 Date
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