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3250 16400 e yes the rules of debit and credit apply

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3,250 .16,400 e. Yes, the rules of debit and credit apply to all companies. Ex. 2–9 a.
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(1) Accounts Receivable. ............................................. 35,700 Fees Earned. ..................................................... 35,700 (2) Supplies. ................................................................. 2,000 Accounts Payable. ............................................ 2,000 (3) Cash. ...................................................................... 26,150 Accounts Receivable. ........................................ 26,150 (4) Accounts Payable. .................................................. 800 Cash. ................................................................. 800 Ex. 2–16 DIVA CO. Unadjusted Trial Balance July 31, 2012 Debit Credit Balances Balances Cash 15,000 Accounts Receivable 40,000 Supplies 4,000 Prepaid Insurance 6,400 Land 125,000 Accounts Payable 28,000 Unearned Rent 13,500 Notes Payable 50,000 Capital Stock 20,000 Retained Earnings 29,900 Dividends 25,000 Fees Earned 350,000 Wages Expense 195,000 Rent Expense 36,000 Utilities Expense 18,000 Supplies Expense 9,000 Insurance Expense 6,000 Miscellaneous Expense 12,000 491,400491,400 Ex. 2–17 Inequality of trial balance totals would be caused by errors described in (c) and (e). For (c), the debit total would exceed the credit total by $2,400 ($1,200 + $1,200). For (e), the credit total would exceed the debit total by $9,000 ($10,000 – $1,000).
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Errors (b), (d), and (e) would require correcting entries.
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Ex. 2–18 SEATS-FOR-YOU CO. Unadjusted Trial Balance March 31, 2012 Debit Credit Balances Balances Cash 15,500 Accounts Receivable 25,800 Prepaid Insurance 9,000 Equipment 75,000 Accounts Payable 12,900 Unearned Rent 5,400 Capital Stock 30,000 Retained Earnings 51,700 Dividends 13,000 Service Revenue 125,000 Wages Expense 60,000 Advertising Expense 11,300 Miscellaneous Expense 15,400 225,000225,000 Ex. 2–19 (a) (b) (c) Error Out of Balance Difference Larger Total 1. yes $7,150 debit 2. no 3. yes 2,000 credit 4. yes 800 debit 5. no 6. yes 270 credit 7. yes 180 credit
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Ex. 2–20 1. The Debit column total is added incorrectly. The sum is $583,500 rather than
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3250 16400 e Yes the rules of debit and credit apply to all...

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