chapter2homeworksolutions(编辑修改稿)

chapter2homeworksolutions(编辑修改稿)内容摘要：

ble $ 0 Note payable 25,000 Laura Edwards, capital 20,000 Service revenue 2,600 Rent expense 3,200 Advertising expense 400 Utilities expense 100 Total $47,600 $47,600 Chapter 2 Recording Business Transactions 75 (10 min.) E 28 Journal DATE ACCOUNTS AND EXPLANATIONS POST. REF. DEBIT CREDIT 1. Cash 22,000 Liz Adeva, Capital 22,000 Investment by owner. 2. Supplies 400 Accounts Payable 400 Purchased supplies on account. 3. Building 40,000 Cash 40,000 Paid cash for building. 4. Cash 37,000 Note Payable 37,000 Borrowed money。 signed note payable. 5. Equipment 6,000 Cash 6,000 Paid cash for equipment. (10 min.) E 29 The Mane Event Trial Balance October 31, 20X4 ACCOUNT DEBIT CREDIT Cash $13,000 Supplies 400 Equipment 6,000 Building 40,000 Accounts payable $ 400 Note payable 37,000 Liz Adeva, capital 22,000 Total $59,400 $59,400 Chapter 2 Recording Business Transactions 76 (10 min.) E 210 . Bell Advertising Trial Balance December 31, 20X4 ACCOUNT DEBIT CREDIT Cash $ 5,000 Accounts receivable 9,500 Supplies 200 Building 125,000 Land 29,000 Accounts payable $ 4,300 Note payable 45,000 . Bell, capital 48,800 . Bell, withdrawals 6,000 Service revenue 86,000 Salary expense 6,000 Rent expense 2,000 Insurance expense 700 Utilities expense 400 Supplies expense 300 Total $184,100 $184,100 (1520 min.) E 211 Harvey Spark, . Trial Balance March 31, 20X9 ACCOUNT DEBIT CREDIT Cash $ 3,400* Accounts receivable 1,600* Supplies 600 Land 66,000 Accounts payable $22,600* Harvey Spark, capital 42,300* Service revenue 9,700 Salary expense 1,700 Rent expense 800 Utilities expense 500* Total $74,600 $74,600 __________ *Explanations: Cash: $3,000 + $400 = $3,400 Accounts Receivable: $2,000 – $400 = $1,600 Accounts Payable: $21,500 + $1,000 – $100 + $200 = $22,600 Harvey Spark, Capital: $41,600 + $700 = $42,300 Utilities Expense: $300 + $200 = $500 Chapter 2 Recording Business Transactions 77 (515 min.) E 212 Cash Accounts Receivable (a) 15,000 (b) 1,500 (f) 1,600 (d) 1,800 Bal. 1,600 (e) 400 (g) 7,000 Bal. 4,300 Office Supplies Office Furniture (c) 700 (a) 5,400 Bal. 700 Bal. 5,400 Accounts Payable Mike Reitmeier, Capital (e) 400 (c) 700 (a) 20,400 Bal. 300 Bal. 20,400 Mike Reitmeier, Withdrawals Service Revenue (g) 7,000 (f) 1,600 Bal. 7,000 Bal. 1,600 Salary Expense Rent Expense (d) 1,800 (b) 1,500 Bal. 1,800 Bal. 1,500 Chapter 2 Recording Business Transactions 78 (10 min.) E 213 Mike Reitmeier, CPA Trial Balance May 31, 20X7 ACCOUNT DEBIT CREDIT Cash $ 4,300 Accounts receivable 1,600 Office supplies 700 Office furniture 5,400 Accounts payable $ 300 Mike Reitmeier, capital 20,400 Mike Reitmeier, withdrawals 7,000 Service revenue 1,600 Salary expense 1,800 Rent expense 1,500 Total $22,300 $22,300 (10 min.) E 214 Reqs. 1 and 2 Cash Supplies Equipment 50,000 12,000 8,000 12,000 5,000 Bal. 8,000 Bal. 12,000 Bal. 33,000 Accounts Payable Suzanne Starr, Capital 5,000 8,000 50,000 Bal. 3,000 Bal. 50,000 Req. 3 Total debits = $53,000 ($33,000 + $8,000 + $12,000) Total credits = $53,000 ($3,000 + $50,000) Chapter 2 Recording Business Transactions 79 (2030 min.) E 215 Effect on Trial Balance Account(s) Misstated Relevant Journal Entries (Not Required) a. Total debits = Total credits Cash a. Entry Cash 80 $720 too low made: Service Revenue 80 Service Revenue Correct Cash 800 $720 too low Entry: Service Revenue 800 b. Total debits = Total credits Supplies b. Entry Supplies 210 $90 too high made: Accounts Payable 210 Accounts Payable Correct Supplies 120 $90 too high entry: Accounts Payable 120 ($210 – $120 = $90) c. Total debits Total credits Note Payable $50,000 too low, on the trial balance only d. Total debits Total credits Utility Expense $630 too low ($700 – $70 = $630) e. Total debits = Total credits Cash e. Entry Supplies 400 $400 too high made: Accounts Payable 400 Supplies Correct Accounts Payable 400 $400 too high entry: Cash 400 Accounts Payable $800 too high Chapter 2 Recording Business Transactions 80 (2030 min.) E 216 a. Net ine for March – Given as follows: Owner, Capital Feb. 28 Bal. 9,000 March March withdrawals 7,000 Net ine X Mar. 31 Bal. 22,000 $9,000 + X – $7,000 = $22,000 X = $20,000 b. Total cash paid during March: Cash Feb. 28 Bal. 7,000 March receipts 70,000 March payments X Mar. 31 Bal. 2,000 $7,000 + $70,000 – X = $ 2,000 X = $75,000 (continued) E 216 c. Cash collections from customers during March: Accounts Receivable Feb. 28 Bal. 24,000 March revenues on account 90,000 March collections X Mar. 31 Bal. 26,000 $24,000 + $90,000 – X = $26,000 X = $88,000 c. Cash paid。