katescards.xlsx - Templates for Serial Problem Kate's Cards Chapters 1 4 Line item descriptions All numerical answers SP2 General Journal Chapter 2

katescards.xlsx - Templates for Serial Problem Kate's Cards...

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Templates for Serial Problem Kate's Cards Chapters 1 - 4. Line item descriptions All numerical answers
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SP2 General Journal Chapter 2 Journal Entries for Serial Problem Kate's Cards (p. 112) Please note that the transaction numbers below are for the 14 transactions on page 112. Use the transaction numbers below (ie. 2-1) as reference when posting to the General Ledger accounts. PLEASE NOTE THAT SOME OF THE TRANSACTIONS DO NOT REQUIRE JOURNAL ENTRIES. IF SO, JUST TYPE IN "NO ENTRY" OR LEAVE BLANK. Journal Entries (2-1) Cash 10,000 Common stock 10,000 (2-2) No entry (2-3) Consulting expense 50 Cash 50 (2-4) Equipment 4,800 Cash 4,800 (2-5) Supplies inventory 350 Accounts payable 350 (2-6) No entry (2-7) No entry (2-8) Supplies inventory 1,500 Accounts payable 1,500 (2-9) Cash 5,000
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SP2 General Journal Sales revenue 5,000 (2-10) Cost of Goods Sold 1,750 Supplies Inventory 1,750 (2-11) Accounts payable 1,850 Cash 1,850 (2-12) Prepaid insurance 1,100 Insurance expense 100 Cash 1,200 (2-13) Depreciation expense 100 Accumulated depreciation 100 (2-14) Wages expense 1,000 Cash 1,000
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SP2 General Journal
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Chatper 2 General Ledger accounts. Please use the transaction numbers from the previous journal entries to post to these accts and place that transation number in the in the shaded orange cells - for example from trans 2-1 on the debit or credit side. T-Accounts Cash Supplies Inventory Prepaid Isurance 2-1 $10,000 50 2-3 2-5 $350 1,750 2-10 2-12 $1,100 2-9 5,000 4,800 2-4 2-8 1,500 1,850 2-11 1,200 2-12 1,000 2-14 $6,100 $100 Equipment Acc. Depr. - Equip. Accounts Payable 2-4 $4,800 100 2-13 2-11 $1,850 350 2-5 1,500 2-8 $4,800 $0
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Ref. # Common Stock Ref. # Sales Revenue Cost of Goods Sold 10,000 2-1 5,000 2-9 2-10 $1,750 Consulting Expense Insurance Expense Depreciation Expense 2-3 $50 2-12 $100 2-13 $100 Wages Expense 2-14 $1,000
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