Ch03ProbSol - Name Chapter3,Problem3A Date GeneralJournal...

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Chapter 3, Problem 3A
Date General Journal
Account DR CR
1
Cash $1,500
Accounts Receivable $1,500
2
Accounts Payable $2,700
Cash $2,700
3
Cash $3,000
Accounts Receivable $2,400
Revenue $5,400
4
Equipment $4,000
Cash $400
Accounts Payable $3,600
5a
Salary Expense $1,400
Cash $1,400
5b
Rent Expense $900
Cash $900
5c
Advertising Expense $350
Cash $350
6
Dividends $700
Cash $700
7
Cash $5,000
Notes Payable $5,000
8
Utility Expense $450
Accounts Payable $450

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Chapter 3, Problem 3A
T Accounts
Cash Accounts Receivable Accounts Payable Common Stock Revenue
DR CR DR CR DR CR DR CR DR CR
$4,000 $2,700 $2,500 $1,500 $2,700 $4,200 $6,200 $5,400
$1,500 $400 $2,400 $3,600
$3,000 $1,400 $4,900 $1,500 $450
$5,000 $900 $3,400 $2,700 $8,250
$350 $5,550
$700
$13,500 $6,450
Supplies Notes Payable Retained Earnings Salary Expense
$7,050 DR CR DR CR DR CR DR CR
$500