2100 Ending Bal 2900 BRIEF EXERCISE 2 9 From the ledger balances given below

2100 ending bal 2900 brief exercise 2 9 from the

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2,100 Ending Bal. 2,900  BRIEF EXERCISE 2-9 From the ledger balances given below, prepare a trial balance for Starr Company  at June 30, 2014. All account balances are normal. Accounts Payable $9,000, Cash $6,800, Common Stock $20,000, Dividends  $1,200, Equipment $17,000, Service Revenue $6,000, Accounts Receivable $3,000, Salaries and Wages Expense $6,000, and Rent Expense $1,000. STARR COMPANY Trial Balance June 30, 2014                                                                                                                                     Debit           Credit       Cash ............................................................................. $  6,800 Accounts Receivable .................................................. 3,000 Equipment .................................................................... 17,000 Accounts Payable ....................................................... $  9,000 Common Stock ............................................................ 20,000 Dividends ..................................................................... 1,200                                                                                                                                         2-4
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            BRIEF EXERCISE 2-10An inexperienced bookkeeper prepared the following trial balance.Prepare a correct trial balance, assuming all account balances are normal. Cheng Company Trial Balance December 31, 2014 Debit Credit Cash $16,800 Prepaid Insurance $3,500 Accounts Payable 3,000 Unearned Service Revenue 4,200 Common Stock 13,000 Dividends 4,500 Service Revenue 25,600 Salaries and Wages Expense 18,600 Rent Expense 2,400 $39,600 $52,000 CHENG COMPANY Trial Balance December 31, 2014                                                                                                                                     Debit           Credit       Cash ............................................................................. $16,800 Prepaid Insurance ....................................................... 3,500 Accounts Payable ....................................................... $  3,000 Unearned Service Revenue ........................................ 4,200 Common Stock ............................................................ 13,000 Dividends ..................................................................... 4,500 Service Revenue ......................................................... 25,600 Salaries and Wages Expense ..................................... 18,600 Rent Expense ..............................................................     2,400                 $45,800 $45,800                                                                                                                                         2-5
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SOLUTIONS TO EXERCISES EXERCISE 2-3 Selected transactions for B. Madar, an interior decorating firm, in its first month  of business, are as follows. Jan. 2 Invested $15,000 cash in the business in exchange for common stock. 3 Purchased used car for $7,000 cash for use in the business. 9 Purchased supplies on account for $500. 11 Billed customers $1,800 for services performed. 16 Paid $200 cash for advertising. 20 Received $700 cash from customers billed on January 11. 23 Paid creditor $300 cash on balance owed. 28 Declared and paid a $1,000 cash dividend. General Journal Date Account Titles and Explanation Ref. Debit Credit Jan. 2 Cash .................................................... 15,000 Common Stock .......................... 15,000 3 Equipment .......................................... 7,000 Cash ............................................ 7,000 9 Supplies ............................................. 500 Accounts Payable ...................... 500 11 Accounts Receivable ........................ 1,800 Service Revenue ........................ 1,800 16 Advertising Expense ......................... 200 Cash ............................................ 200 20 Cash .................................................... 700 Accounts Receivable ................. 700                                                                                                                                         2-6
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