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Chapter_2_B_Problem_Solutions

Chapter_2_B_Problem_Solutions - Prob 21B 1 and 2(a(g Cash...

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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
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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
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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) Automobile Expense ............................................ 2,000 Miscellaneous Expense ....................................... 500 Cash .................................................................. 2,500 (h) Office Salaries Expense ....................................... 2,800 Cash .................................................................. 2,800 (i) Supplies Expense ................................................. 725 Supplies ........................................................... 725
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Prob. 2–2B Continued 2. Cash Sales Commissions (a) 18,000 (d) 3,000 (c) 14,600 (c) 14,600 (e) 600 (f) 1,500 (g) 2,500 Rent Expense (h) 2,800 (d) 3,000 Bal. 22,200 Supplies Office Salaries Expense (b) 1,000 (i) 725 (h) 2,800 Bal. 275 Accounts Payable Automobile Expense (e) 600 (b) 1,000 ( g) 2,000 Bal. 400 Bill Bonds, Capital Supplies Expense (a) 18,000 (i) 725 Bill Bonds, Drawing Miscellaneous Expense (f) 1,500 ( g) 500
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Prob. 2–2B Concluded 3. GENESIS REALTY Unadjusted Trial Balance July 31, 2008 Debit Credit Balances Balances Cash ...................................................................................... 22,200 Supplies ................................................................................ 275 Accounts Payable ................................................................ 400 Bill Bonds, Capital ............................................................... 18,000 Bill Bonds, Drawing ............................................................. 1,500 Sales Commissions ............................................................. 14,600 Rent Expense ....................................................................... 3,000 Office Salaries Expense ...................................................... 2,800 Automobile Expense ........................................................... 2,000 Supplies Expense ................................................................ 725 Miscellaneous Expense ...................................................... 500 33,000 33,000 4. a. $14,600 b. $9,025 c. $5,575
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Prob. 2–3B 1.
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