Q NO.

E3-1A:

Sr. No. Date Perticular Debit

a). Jan. 1 Cash 30,000
Unearned Service Fees
(To record fee received in advance)
b). Jan. 31 Unearned Service Fees 5,000
Service Fees

(To reflect January service fees earned on contract

($30,000/6 = $5,000).

c). Jan. 31 Fees receivable 875

Service Fees

( To record unbilled service fees earned at January 31. ( 35 x

15 = 875)

Q NO. E3-2A:

Sr. No. Date Perticular Debit

1). Jan. 31 Insurance Expense 190
Prepaid Insureance
To record January insurance expense
($6,840/36 = $190).

2). Jan. 31 Supplies Expense 1,125

Supplies
To record January supplies expense ($2,100 - $975 =
$1,125).

3). Jan. 31 Depreciation expenseEquipment 65

Accumulated depreciationEquipment
To record January depreciation on office equipment
($6,240/96 = $65).

4). Jan. 31 Unearned rent revenue 925

Rent revenue

To record portion of advance rent earned in January.

5). Jan. 31 Salaries expense 510

Salaries payable
 (To record accrued salaries at January 31

Q NO. E3-7A:
Sr. No. Perticular June
a) Purchases 1,600
Sales 2,400

Sr. No. Perticular Janauary

b). Purchased 250
Used 250

Sr. No. Perticular September

c). Purchases
Sold

Q NO. E3-10A:

Sr. No. Particulars Assets

Opening Balance 60,000

a) Depriciation (850)
b) Unearned service revenues
c) Wages Payable
Adjust Net Balance end of month: 59,150

Q NO. E3-11A:

Sr. No. Date Perticular Debit

a). Dec. 31 Service Fees earned 92,500
Interest Income 2,600
Retained Earnings
(To Close the Revenue Accounts)
Dec. 31 Retained Earning 65,800
Salaries Expenses
Advertising Expense
Depreciation Expense
Income Tax expnese
(To close the expense accounts)
Credit

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Credit

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 July August
800 2,400
1,000 4,500

February
250
250

November
1,000
1,000

Stockholder's
Liabilities Income
Equit
20,000 40,000 9,000
(850)
(1,500) 1,500
375 (375)
18,875 40,000 9,275

Credit

95,100

41,800
4,300
8,700
11,000