Chapter 2-additional sols

Chapter 2-additional sols - (20-30 min.) E 2-20 Req. 1 May...

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: (20-30 min.) E 2-20 Req. 1 May 2 Investment of cash by the owner 9 Purchase of supplies on account (on credit) 11 Revenue on account 14 Payment of rent expense 22 Payment on account 25 Payment of advertising expense 27 Collection on account 31 Receipt of a fuel bill and recording the expense on account (continued) E 2-20 Reqs. 2 and 3 Cash 110 Accounts Receivable 120 May 2 J.5 20,000 May 14 J.5 3,200 May 11 J.5 2,600 May 27 J.5 1,400 27 J.5 1,400 22 J.5 300 Bal. 1,200 25 J.5 400 Bal. 17,500 Supplies 130 Accounts Payable 210 May 9 J.5 200 May 22 J.5 300 May 9 J.5 200 Bal. 200 31 J.5 100 Bal.-0- Betty Sawyer, Capital 310 Service Revenue 410 May 2 J.5 20,000 May 11 J.5 2,600 Bal. 20,000 Bal. 2,600 Rent Expense 510 Advertising Expense 520 May 14 J.5 3,200 May 25 J.5 400 Bal. 3,200 Bal. 400 Fuel Expense 530 May 31 J.5 100 Bal. 100 (continued) E 2-20 Req. 4 Alert Defensive Driving Trial Balance May 31, 2006 ACCOUNT DEBIT CREDIT Cash $17,500 Accounts receivable 1,200 Supplies 200 Accounts payable $ -0- Betty Sawyer, capital 20,000 Service revenue 2,600 Rent expense 3,200 Advertising expense 400 Fuel expense 100 Total $22,600 $22,600 (40-50 min.) P 2-32A Req. 1 Journal DATE ACCOUNTS AND EXPLANATIONS POST. REF. DEBIT CREDIT Sept. 1 Cash 25,000 Doris Higgins, Capital 25,000 4 Supplies 200 Furniture 1,800 Accounts Payable 2,000 6 Cash 4,000 Service Revenue 4,000 7 Land 20,000 Cash 20,000 10 Accounts Receivable 800 Service Revenue 800 14 Accounts Payable 1,800 Cash 1,800 15 Salary Expense 600 Cash 600 17 Cash 500 Accounts Receivable 500 20 Accounts Receivable 800 Service Revenue 800 (continued)...
View Full Document

Page1 / 17

Chapter 2-additional sols - (20-30 min.) E 2-20 Req. 1 May...

This preview shows document pages 1 - 6. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online