Terry Crew4-4 - next month. Debit - 2, 14, Credit - I. Paid...

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Terry Crew ACCT 101 9.20.2010 Pg. 216, Problem 4-4 A. Example: Issued additional shares of stock to owners at amount in excess of par. Debit – 1, Credit - 12, 13 B. Purchased automobiles for cash. Debit – 5, Credit – 1, 8 C. Purchased land; made cash down payment and signed a promissory note for the balance. Debit – 7, Credit – 1, 8, 11 D. Paid cash to landlord for rent for next 12 months. Debit – 16, Credit – 1, 8 E. Purchased office supplies on account. Debit – 4, Credit – 15, 8 F. Collected cash for commissions from clients for properties sold during the month. Debit – 1, 2, 14, Credit – 17 G. Collected cash for commissions from clients for properties sold the prior month. Debit – 1, 2, 14, Credit - 17 H. During the month, sold properties for which cash for commissions will be collected from clients
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Unformatted text preview: next month. Debit - 2, 14, Credit - I. Paid for office supplies purchased on account in an earlier month. Debit - 4 , Credit 8, 14 J. Recorded an adjustment to recognize wages and salaries incurred but not yet paid. Debit - , Credit - 17 K. Recorded an adjustment for office supplies used during the month. Debit - , Credit - 15 L. Recorded an adjusting entry for the portion of prepaid rent that expired during the month. Debit - 3, Credit 8, 16 M. Made required month-end payment on note taken out in ; payment is part principle and part interest. Debit - , Credit 19, 8 N. Recorded adjusting entry for monthly depreciation on the autos. Debit - , Credit 6, 18 O. Recorded adjusting entry for income taxes. Debit - 10, Credit - 20...
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Terry Crew4-4 - next month. Debit - 2, 14, Credit - I. Paid...

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