Chapter 3 Sol - Chp 3 EXERCISE 3-1 Apr 2 Cash Equipment Beverly Crusher Capital No entry-not a transaction Supplies Accounts Payable Rent Expense Cash

Chapter 3 Sol - Chp 3 EXERCISE 3-1 Apr 2 Cash Equipment...

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Chp 3 EXERCISE 3-1 Apr. 2 Cash ............................................................... 32,000 Equipment ..................................................... 14,000 Beverly Crusher, Capital ...................... 46,000 2 No entry—not a transaction. 3 Supplies ........................................................ 700 Accounts Payable ................................. 700 7 Rent Expense ............................................... 600 Cash ....................................................... 600 11 Accounts Receivable ................................... 1,100 Service Revenue ................................... 1,100 12 Cash ............................................................... 3,200 Unearned Service Revenue ................. 3,200 17 Cash ............................................................... 2,300 Service Revenue ................................... 2,300 21 Insurance Expense ...................................... 110 Cash ....................................................... 110 30 Salaries Expense .......................................... 1,160 Cash ....................................................... 1,160 30 Supplies Expense ........................................ 120 Supplies ................................................. 120 30 Equipment ..................................................... 6,100 Beverly Crusher, Capital ...................... 6,100 1
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EXERCISE 3-5 1. Depreciation Expense ($250 X 3) ................................. 750 Accumulated Depreciation – Equipment ............. 750 2. Unearned Rent Revenue ($9,3000 X 1/3) ..................... 3,100 Rent Revenue ......................................................... 3,100 3. Interest Expense ............................................................ 500 Interest Payable ...................................................... 500 EXERCISE 3-6 1. Accounts Receivable ..................................................... 750 Service Revenue ..................................................... 750 2. Utility Expense ............................................................... 520 Utilities Payable ...................................................... 520 3. Depreciation Expense ................................................... 400 Accumulated Depreciation – Dental Equipment. 400 Interest Expense ............................................................ 500 Interest Payable ...................................................... 500 4. Insurance Expense ($12,000 X 1/12) ............................ 1,000 Prepaid Insurance .................................................. 1,000 5. Supplies Expense ($1,600 – $500) ............................... 1,100 Supplies .................................................................. 1,100 EXERCISE 3-8 4. Supplies Expense .......................................................... 1,950 Supplies ($2,800 – $850) ........................................ 1,950 5. Insurance Expense ($300 X 3) ...................................... 900 Prepaid Insurance .................................................. 900 2
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1. August 31, 2005 Wages Expense ............................................................. 1,900
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