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Культура Документы
2
3
9
12
16
18
24
28
29
29
31
Instruction
Journalize the above transactions.
Answer 1
Anna,
General Journal
Account Titles and Explanation
Date
Jan 2 Cash
Anna, Capital
3 Car
Cash
9 Supplies
Account payable
12 Account Receivable
Service revenue
16 Advertising expenses
Cash
18 Cash
Account receivable
24 Account Payable
Cash
28 Anna, Drawings
Cash
29 Salaries Expense
Cash
29 Utilities Expenses
Cash
31 Cash
Service revenue
Ref
Debit
25,000
6,000
1,000
2,000
250
1,000
500
1,500
1,000
200
2,000
Credit
25,000
6,000
1,000
2,000
250
1,000
500
1,500
1,000
200
2,000
Question 2
Ronald Dee is a licensed architect. During the first month of the operation of
his business, the following events and transactions occurred.
Apr
1
1
2
3
10
11
20
25
30
Instructions
a) Journalize the transactions.
b) Post to the ledger accounts.
c) Prepare a trial balance on 30 April 2011.
Answer 2
(a)
Date
Apr 1 Cash
Ronald Dee, Capital
No entry this is not a transaction
2 Rent Expense
Cash
3 Supplies
Accounts Payable
10 Accounts Receivable
Service Revenue
11 Cash
Unearned Revenue
20 Cash
Service Revenue
25 Salaries Expense
Cash
30 Accounts Payable
Cash
(b)
Debit
30,000
Credit
30,000
800
800
1,500
1,500
900
900
500
500
1,500
1,500
1,500
1,500
600
600
Cash
Apr 1
Ronald Dee, Capital
11 Unearned Revenue
20 Service Revenue
May 1 Balance b/f
Apr 11 Service Revenue
May 1 Balance b/f
Apr 3 Accounts Payable
May 1 Balance b/f
Apr 30 Cash
Balance c/f
Apr 25 Cash
May 1 Balance b/f
Apr 2 Cash
May 1 Balance b/f
30,000
500
1,500
27,000
29,100
Accounts Receivable
900 Apr30 Balance c/f
900
900
Supplies
1,500 Apr30
1,500
1,500
Balance c/f
Accounts Payable
600 Apr 3
Supplies
900
1,500
May 1 Balance b/f
Unearned Revenue
500 Apr 12 Cash
500
May 1 Balance b/f
Ronald Dee, Capital
30,000 Apr 1
Cash
25,000
May 1 Balance b/f
Service Revenue
2,400 Apr 10 Accounts Receivable
20 Cash
2,400
May 1 Balance b/f
Salaries Expense
1,500 Apr 30 Balance c/f
1,500
1,500
Rent Expense
800 Apr 30
800
800
Balance c/f
800
1,500
600
29,100
27,000
900
900
1,500
1,500
1,500
1,500
900
500
500
500
30,000
30,000
30,000
900
1,500
2,400
2,400
1,500
1,500
800
800
(c)
Cash
Accounts Receivable
Supplies
Accounts Payable
Unearned Revenue
Judi Dench, Capital
Service Revenue
Salaries Expense
Rent Expense
Debit (RM)
29,100
900
1,500
Credit (RM)
900
500
30,000
2,400
1,500
800
RM 33,800
RM 33,800
Question 3
Wonder Park was started on March by Mr. Arnold. The following selected events
and transactions occurred during March.
Mar 1
Mr. Arnold invested RM50,000 cash in the business.
4
Purchased land costing RM30,000 for cash.
8
Incurred advertising expense of RM1,500 on account.
11
Hired park manager at a salary of RM3,000 monthly, effective
April 1.
12
Paid RM1,500 cash for a one year insurance policy.
13
Received RM5,700 in cash for admission fees.
15
Paid salaries to employees RM2,000.
17
Withdrew RM500 cash for personal use.
20
Paid RM100 cash for stationeries expenses.
25
Received RM7,000 in cash for admission fees.
30
Paid RM900 on balance owed for advertising incurred on March 8.
Instruction
Journalize the March transactions.
Answer 3
Wonder Park
General Journal
Account Titles and Explanation
Date
Apr 1 Cash
Arnold, Capital
4 Land
Cash
8 Advertising Expense
Accounts Payable
11 No entry
12 Prepaid Insurance
Cash
13 Cash
Admission Revenue
Ref
Debit
50,000
30,000
1,800
Credit
50,000
30,000
1,800
1,500
1,500
5,700
5,700
15 Salaries Expense
Cash
17 Arnold, Drawing
Cash
20 Stationeries Expenses
Cash
25 Cash
Admission Revenue
30 Accounts Payable
Cash
2,000
2,000
500
500
100
100
7,000
7,000
900
900
Question 4
Cindy is a licensed CPA. During the first month of operations of her business the
following events and transactions occurred.
May
1
2
3
7
11
15
25
31
Instructions
a)
Journalize the transactions.
b)
Post to the ledger accounts.
c)
Prepare a trial balance on 31 May 2011.
Answer 4
(a)
Cindy, CPA
General Journal
Account Titles and Explanation
Date
May 1 Cash
Cindy, Capital
2 No entry
3 Supplies
Accounts Payable
7 Rent Expense
Cash
11 Accounts Receivable
Service Revenue
17 Cash
Service Revenue
25 Salaries Expense
Ref
Debit
20,000
Credit
20,000
1,500
800
2,100
1,200
1,000
1,500
800
2,100
1,200
Cash
31 Accounts Payable
Cash
(b)
May 1 Cindy, Capital
17 Service Revenue
May 25 Cash
Jun 1 Balance b/f
May 7 Cash
Jun 1 Balance b/f
1,000
600
Cash
20,000 May 7 Rent Expense
1,200
25 Salaries Expense
Accounts Payable
Balance c/f
21,200
18,800
Accounts Receivable
2,100 May 31 Balance c/f
2,100
2,100
Supplies
1,500 May 31
1,500
1,500
Balance c/f
Accounts Payable
600 May 3 Supplies
900
1,500
Jun 1 Balance b/f
Cindy, Capital
20,000 May 1 Cash
20,000
Jun 1 Balance b/f
Service Revenue
3,300 May 11 Accounts Receivable
17 Cash
3,300
Jun 1 Balance b/f
Salaries Expense
1,000 May 31
1,000
1,000
Rent Expense
800 May 31
800
800
600
800
1,000
600
18,800
21,200
2,100
2,100
1,500
1,500
1,500
1,500
900
20,000
20,000
20,000
2,100
1,200
3,300
3,300
Balance c/f
1,000
1,000
Balance c/f
800
800
(c)
Cindy, CPA
Trial Balance
31 May 2011
Cash
Accounts Receivable
Supplies
Accounts Payable
Cindy, Capital
Service Revenue
Salaries Expense
Rent Expense
Debit (RM)
18,800
2,100
1,500
1,000
800
RM 24,200
Credit (RM)
900
20,000
3,300
RM 24,200
Question 5
At 1 October 2010, Mystar Enterprise has a balance in Cash, debit balance
RM10,000; Land, debit balance RM30,000, Malik, capital, credit balance
RM40,000. During October, the following transactions were happened :
Oct 1
5
10
12
19
20
25
27
Instructions
a) Open the related T-accounts with their 1 October balances.
b) Post the transactions for October to the T-accounts affected.
c) Prepare the trial balance for October.
Cash
10,000 Oct 1 Interest Expense
30,000
12 Malik, Drawing
3,500
19 Salaries Expense
25 Building
31 Balance c/f
43,500
18,500
Accounts Receivable
1,600 Oct 31
Balance c/f
1,600
1,600
500
500
4,000
20,000
18,500
43,500
1,600
1,600
Oct 1
Balance b/f
Oct 25 Cash
Notes Payable
Nov 1 Balance b/f
Oct 5 Accounts Payable
Nov 1 Balance b/f
Oct 12 Cash
Nov 1 Balance b/f
Oct 19 Cash
Nov 1 Balance b/f
Land
30,000
Oct 20 Cash
30,000
Building
20,000 Oct 31
120,000
140,000
140,000
Office Furniture
800 Oct 31
800
800
Balance c/f
Balance c/f
Accounts Payable
800 Oct 5
Office Furniture
800
Nov 1 Balance b/f
Malik, Capital
40,000 Oct 1
Balance b/f
40,000
Nov 1 Balance b/f
Balance c/f
Service Revenue
5,100 Oct 10 Accounts Receivable
27 Cash
5,100
Nov 1 Balance b/f
Salaries Expense
4,000 Oct 31
4,000
4,000
140,000
140,000
Notes Payable
120,000 Oct 25 Building
120,000
Nov 1 Balance b/f
Malik, Drawing
500 Oct 31
500
500
30,000
30,000
Balance c/f
800
800
120,000
120,000
120,000
800
800
800
40,000
40,000
40,000
500
500
1,600
3,500
5,100
5,100
4,000
4,000
Oct 1 Cash
Nov 1 Balance b/f
Interest Expense
500 Oct 31
500
500
Balance c/f
500
500
Mystar Enterprise
Trial Balance
31 May 2011
Cash
Accounts Receivable
Building
Office Furniture
Notes Payable
Accounts Payable
Malik, Capital
Malik, Drawing
Service Revenue
Salaries Expense
Interest Expense
Debit (RM)
18,500
1,600
140,000
800
500
4,000
500
RM 165,900
Credit (RM)
120,000
800
40,000
5,100
RM 165,900