Chapter_2_B_Problem_Solutions

Chapter_2_B_Problem_Solutions - Prob. 2–1B 1. and 2. Cash...

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Unformatted text preview: Prob. 2–1B 1. and 2. Cash Accounts Payable (a) 22,500 (b) 4,000 (h) 1,800 (e) 5,200 (g) 6,500 (c) 2,500 (j) 800 (d) 1,200 Bal. 4,200 (f) 1,600 (h) 1,800 Lynette Moss, Capital (i) 300 (a) 22,500 (l) 1,500 (m) 210 Professional Fees (n) 200 (g) 6,500 (o) 250 (k) 3,500 Bal. 15,440 Bal. 10,000 Accounts Receivable Rent Expense (k) 3,500 (c) 2,500 Supplies Salary Expense (d) 1,200 (l) 1,500 Prepaid Insurance Blueprint Expense (f) 1,600 (j) 800 Automobiles Automobile Expense (b) 15,300 (o) 250 Equipment Miscellaneous Expense (e) 5,200 (i) 300 (m) 210 Bal. 510 Notes Payable (n) 200 (b) 11,300 Bal. 11,100 Prob. 2–1B Concluded 3. LYNETTE MOSS, ARCHITECT Unadjusted Trial Balance April 30, 2008 Debit Credit Balances Balances Cash...................................................................................... 15,440 Accounts Receivable.......................................................... 3,500 Supplies................................................................................ 1,200 Prepaid Insurance............................................................... 1,600 Automobiles......................................................................... 15,300 Equipment............................................................................ 5,200 Notes Payable...................................................................... 11,100 Accounts Payable................................................................ 4,200 Lynette Moss, Capital.......................................................... 22,500 Professional Fees................................................................ 10,000 Rent Expense....................................................................... 2,500 Salary Expense.................................................................... 1,500 Blueprint Expense............................................................... 800 Automobile Expense........................................................... 250 Miscellaneous Expense...................................................... 510 47,800 47,800 Prob. 2–2B 1. (a) Cash....................................................................... 18,000 Bill Bonds, Capital.......................................... 18,000 (b) Supplies................................................................. 1,000 Accounts Payable........................................... 1,000 (c) Cash....................................................................... 14,600 Sales Commissions........................................ 14,600 (d) Rent Expense........................................................ 3,000 Cash.................................................................. 3,000 (e) Accounts Payable................................................. 600 Cash.................................................................. 600 (f) Bill Bonds, Drawing.............................................. 1,500 Cash.................................................................. 1,500 (g)...
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This note was uploaded on 12/08/2009 for the course AC114 AC114 taught by Professor Duchac during the Fall '09 term at Kaplan University.

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Chapter_2_B_Problem_Solutions - Prob. 2–1B 1. and 2. Cash...

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