Excel_Chapter 3

Excel_Chapter 3 - Name Section Date E3-5 Exercise 3-5 1 2 3...

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101 Name Exercise 3-5 Section Date E3-5 Item Account Titles Debit Credit 1 1. Interest Expense 300 1 2 Interest Payable 300 2 3 (to record interest on notes payable) 3 4 2. Supplies Expense 1,650 4 5 Supplies 1,650 5 6 (to record supplies used) 6 7 3. Depreciation Expense 1,000 7 8 Accumulated Depreciation - Office Equipment 1,000 8 9 (to record annual depreciation) 9 10 4. Insurance Expense 1,050 10 11 Prepaid Insurance 1,050 11 12 (To record insurance expired) 12 13 5. Unearned Revenue 10,000 13 14 Service Revenue 10,000 14 15 (to record revenue for services provided) 15 16 6. Accounts Receivable 4,200 16 17 Service Revenue 4,200 17 18 (to record revenue for services provided) 18 19 7. Salaries Expense 5,400 19 20 Salaries Payable 5,400 20 21 (to record accrued salaries) 21 22 22 23 23
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102 Name Exercise 3-7 Section Date E3-7 Date Account Titles Debit Credit 1 Mar. 31 Depreciation Expense 1,200 1 2 Accumulated Depreciation - Equipment 1,200 2 3 (to record quarterly depreciation) 3 4 4 5 31 Unearned Revenue 3,300 5 6 Service Revenue 3,300 6 7 (to record revenue for services provided) 7 8 31 Interest Expense 500 8 9 Interest Payable 500 9 10 (to record interest on notes payable) 10 11 31 Supplies Expense 2,100 11 12 Supplies 2,100 12 13 (to record supplies used) 13 14 31 Insurance Expense 600 14 15 Prepaid Insurance 600 15 16 (to record insurance expired) 16
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103 Name Exercise 3-9 Section Date E3-9 Date Account Titles Debit Credit 1 Oct. 31 Advertising Supplies Expense 2,000 1 2 Advertising Supplies 2,000 2 3 (to record supplies used) 3 4 31 Insurance Expense 100 4 5 Prepaid Insurance 100 5 6 (To record insurance expired) 6 7 31 Depreciation Expense 50 7 8 Accumulated Dereciation-Office Equipment 50 8 9 (to record monthly depreciation) 9 10 31 Unearned Revenue 600 10 11 Service Revenue 600 11 12 (to record revenue for services provided) 12 13 31 Accounts Receivable 300 13 14 Service Revenue 300 14 15 (to record revenue for services provided) 15 16 31 Interest Expense 70 16 17 Interest Payable 70 17 18 (to record interest on notes payable) 18 19 31 Salaries Expense 1,500 19 20 Salaries Payable 1,500 20 21 (to record accrued salaries) 21
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104 Name Exercises 3-10 Section Date E3-10 Benning Co. Income Statement For the Month Ended July 31, 2008 1 Revenues: 1 2 Service Revenue 6,000 2 3 Expenses: 3 4 Wages Expense 2,600 4 5 Supplies Expense 1,000 5 6 Utilities Expense 600 6 7 Insurance Expense 400 7 8 Depreciation Expense 150 8 9 Total Expenses 4,750 9 10 Net Income: 1,250 10
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122 Name Problem 3-3A Section Date Fernetti Advertising Agency (a) Date Accounts Titles and Explanation Debit Credit 1 Dec. 31 Accounts Receivable 2,500 1 2 Service Revenue 2,500 2 3 (to record revenue for services provided) 3 4 31 Art Supplies Expense 3,600 4 5 Art Supplies 3,600 5 6 (to record art supplies used) 6 7 31 Insurance Expense 850 7 8 Prepaid Insurance
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Excel_Chapter 3 - Name Section Date E3-5 Exercise 3-5 1 2 3...

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