{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

20 Lecture 2b-ch. 3a - 250 c dr Cash A 1,000 cr Accounts...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Solutions to exercises in lecture 2b: ch. 3a M3-2 Amount of Revenue Earned in July a. $12,000 b. $250 c. No revenue earned in July; cash collections in July relate to revenues earned in June. d. No revenue earned in July; the revenues will be earned when fall bowling service is provided (i.e., when games are played). M3-4 a. dr Cash (+A) 12,000 cr Games Fee Revenue (+R, +SE) 12,000 b. dr Accounts Receivable (+A) 250 cr Service Revenue (+R, +SE)
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 250 c. dr Cash (+A) 1,000 cr Accounts Receivable (-A) 1,000 d. dr Cash (+A) 1,500 cr Unearned Revenue (+L) 1,500 M3-5 e. dr Repairs and Maintenance Expense (+E, -SE) 1,500 cr Cash (-A) 1,500 f. dr Accounts Payable (–L) 2,000 cr Cash (-A) 2,000 dr Utilities Expense (+E, -SE) 2,500 cr Accounts Payable (+L) 2,500 g. dr Wages Expense (+E, -SE) 5,475 cr Cash (-A) 5,475...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online