CCC2

(a)

Nov.

CONTINUINGCOOKIECHRONICLE

GENERALJOURNAL
AccountTitlesand Explanation

J1
Debit

Credit

8 No entryrequiredfor cashingU.S.
SavingsBondsthisis a personal
transaction.
8 Cash.............................................................
OwnersCapital.........................................

500

11 AdvertisingExpense.......................................
Cash........................................................

65

13 Supplies........................................................
Cash........................................................

125

14 Equipment.....................................................
OwnersCapital.........................................

300

16 Cash.............................................................
NotesPayable...........................................

2,000

17 Equipment.....................................................
Cash........................................................

900

20 Cash.............................................................
ServiceRevenue........................................

125

25 Cash.............................................................
UnearnedServiceRevenue.........................

30

30 PrepaidInsurance...........................................
Cash........................................................

1,320

500

65

125

300

2,000

900

125

30

Copyright 2011 John Wiley & Sons, Inc.Weygandt, Accounting Principles, 10/e, Continuing Cookie Chronicle Solutions

1,320

2-1

CCC2(Continued)
(b)

Date
Nov.

Explanation
8
11
13
16
17
20
25
30

Date

J1
J1
J1
J1
J1
J1
J1
J1

Explanation

Nov. 13

Date

Explanation

Nov. 14
17

Date

Explanation

Balance

1,320

500
435
310
2,310
1,410
1,535
1,565
245

Credits

Balance

65
125
2,000
900
125
30

125

125

Credits

Balance

1,320

Equipment
Ref.
Debits
J1
J1

Credits

500

PrepaidInsurance
Ref.
Debits
J1

Explanation

Debits

Supplies
Ref.
Debits
J1

Nov. 30

Date

Cash
Ref.

1,320

Credits

Balance

300
900

UnearnedServiceRevenue
Ref.
Debits

300
1,200

Credits

Copyright 2011 John Wiley & Sons, Inc.Weygandt, Accounting Principles, 10/e, Continuing Cookie Chronicle Solutions

Balance

2-2

Nov. 25

J1

30

Copyright 2011 John Wiley & Sons, Inc.Weygandt, Accounting Principles, 10/e, Continuing Cookie Chronicle Solutions

30

2-3

CCC2(Continued)
(b) (Continued)

Date

Explanation

Nov. 16

Date
Nov.

J1

Explanation
8
14

Date

Nov. 11

OwnersCapital
Ref.
Debits
J1
J1

Explanation

Nov. 20

Date

NotesPayable
Ref.
Debits

ServiceRevenue
Ref.
Debits
J1

Explanation

AdvertisingExpense
Ref.
Debits
J1

Credits

Balance

2,000

2,000

Credits

Balance

500
300

500
800

Credits

Balance

125

125

Credits

Balance

65

Copyright 2011 John Wiley & Sons, Inc.Weygandt, Accounting Principles, 10/e, Continuing Cookie Chronicle Solutions

65

2-4

CCC2(Continued)
(c)
COOKIECREATIONS
Trial Balance
November30, 2011

Cash...............................................................................
Supplies..........................................................................
PrepaidInsurance.............................................................
Equipment.......................................................................
UnearnedServiceRevenue................................................
NotesPayable..................................................................
OwnersCapital................................................................
AdvertisingExpense.........................................................
ServiceRevenue...............................................................

Debit
$ 245
125
1,320
1,200

Credit

$ 30
2,000
800
65
$2,955

125
$2,955

Note to instructors: Because the notes payable is not due for 24 months, it follows
UnearnedServiceRevenuein the accountsandthe trial balance.

Copyright 2011 John Wiley & Sons, Inc.Weygandt, Accounting Principles, 10/e, Continuing Cookie Chronicle Solutions

2-5