Credit Balance Mar 1 Balance 10000 Accounts Payable No 201 Date Explanation Ref

Credit balance mar 1 balance 10000 accounts payable

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Credit Balance Mar. 1 Balance 10,000 Accounts Payable No. 201 Date Explanation Ref. Debit Credit Balance Mar. 1 Balance 7,000 2 J1 2,000 9,000 10 J1 4,100 4,900 10
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Owner’s Capital No. 301 Date Explanation Ref. Debit Credit Balance Mar. 1 Balance 40,000 Service Revenue No. 400 Date Explanation Ref. Debit Credit Balance Mar. 9 J1 4,300 4,300 20 J1 5,000 9,300 31 J1 9,000 18,300 Rent Revenue No. 429 Date Explanation Ref. Debit Credit Balance Mar. 31 J1 900 900 Advertising Expense No. 610 Date Explanation Ref. Debit Credit Balance Mar. 12 J1 900 900 Salaries and Wages Expense No. 726 Date Explanation Ref. Debit Credit Balance Mar. 31 J1 3,100 3,100 Rent Expense No. 729 Date Explanation Ref. Debit Credit Balance Mar. 2 J1 3,500 3,500 20 J1 2,000 5,500 (b) J1 Date Account Titles and Explanation Ref. Debit Credit Mar. 2 Rent Expense .................................................... 729 3,500 Accounts Payable .................................. 201 2,000 Cash ........................................................ 101 1,500 (Rented films for cash and on account) 3 No entry. 9 Cash ................................................................... 101 4,300 Service Revenue .................................... 400 4,300 (Received cash for services 11
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performed) 10 Accounts Payable ($2,000 + $2,100) .................. 201 4,100 Cash ........................................................ 101 4,100 (Paid creditors on account) 11 No entry. 12 Advertising Expense ........................................ 610 900 Cash ........................................................ 101 900 (Paid advertising expense) 20 Cash ................................................................... 101 5,000 Service Revenue .................................... 400 5,000 (Received cash for services performed) 20 Rent Expense .................................................... 729 2,000 Cash ........................................................ 101 2,000 (Paid film rental) 31 Salaries and Wages Expense .......................... 726 3,100 Cash ........................................................ 101 3,100 (Paid salaries expense) 31 Cash ................................................................... 101 450 Accounts Receivable ........................................ 112 450 Rent Revenue ......................................... 429 900 (15% X $6,000) (Received cash and balance on account for rent revenue) 31 Cash ................................................................... 101 9,000 Service Revenue .................................... 400 9,000 (Received cash for services performed) (d) STARR THEATER Trial Balance March 31, 2017 Debit Credit Cash ................................................................................ $10,150 Accounts Receivable .................................................... 450 Land ................................................................................ 24,000 Buildings ........................................................................ 10,000 Equipment ...................................................................... 10,000 12
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Accounts Payable .......................................................... $ 4,900 Owner’s Capital ............................................................. 40,000 Service Revenue ............................................................ 18,300 Rent Revenue ................................................................. 900 Advertising Expense ..................................................... 900 Salaries and Wages Expense ....................................... 3,100 Rent Expense ................................................................. 5 ,500 $64,100 $64,100 13
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