Duchac Chapter 4 Series A Problems

Duchac Chapter 4 Series A Problems - CHAPTER 4 SERIES A...

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Unformatted text preview: CHAPTER 4 SERIES A PROBLEMS Prob. 41A 1. SCF BS IS (a) Cash........................................................ 12,000 F ASE Capital Stock.................................... 12,000 SCF BS IS (b) Supplies.................................................. 850 AL Accounts Payable............................ 850 SCF BS IS (c) Cash........................................................ 12,600 O ASE R Sales Commissions Earned............ 12,600 SCF BS IS (d) Rent Expense......................................... 2,000 O ASE E Cash................................................... 2,000 SCF BS IS (e) Accounts Payable.................................. 450 O AL Cash................................................... 450 SCF BS IS (f) Dividends................................................ 1,500 F ASE Cash................................................... 1,500 SCF BS IS (g) Automobile Expense............................. 1,700 O ASE E Miscellaneous Expense........................ 375 Cash................................................... 2,075 SCF BS IS (h) Office Salaries Expense........................ 3,000 O ASE E Cash................................................... 3,000 SCF BS IS (i) Supplies Expense.................................. 605 ASE E Supplies............................................ 605 Prob. 41A Continued 2. Cash Sales Commissions Earned (a) 12,000 (d) 2,000 (c) 12,600 (c) 12,600 (e) 450 (f) 1,500 (g) 2,075 Rent Expense (h) 3,000 (d) 2,000 Bal. 15,575 Supplies Office Salaries Expense (b) 850 (i) 605 (h) 3,000 Bal. 245 Accounts Payable Automobile Expense (e) 450 (b) 850 (g) 1,700 Bal. 400 Capital Stock Supplies Expense (a) 12,000 (i) 605 Dividends Miscellaneous Expense (f) 1,500 (g) 375 Prob. 41A Concluded 3. STAR REALTY Trial Balance March 31, 2006 Debit Credit Balances Balances Cash.............................................................................. 15,575 Supplies........................................................................ 245 Accounts Payable....................................................... 400 Capital Stock................................................................ 12,000 Dividends..................................................................... 1,500 Sales Commissions Earned....................................... 12,600 Rent Expense............................................................... 2,000 Office Salaries Expense.............................................. 3,000 Automobile Expense................................................... 1,700 Supplies Expense........................................................ 605 Miscellaneous Expense.............................................. 375 25,000 25,000 4. a. $12,600 b. $7,680 c. $4,920 Prob. 42A 1. 2006 July 1 Cash................................................................ 18,000 Capital Stock.............................................Capital Stock....
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Duchac Chapter 4 Series A Problems - CHAPTER 4 SERIES A...

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