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Documente Cultură
SOLUTION TO P1-2A
Cash
May 1 25,000 May 7 900
May 12 3,500 May 31 2,000
May 17 1,200 May 31 1,000
C/D 25,800
29,700 29,700
B/D 25,800
Supplies
May 3 2,500 C/D 2,500
2,500 2,500
B/D 2,500
Unearned Revenue
C/D 3,500 May 12 3,500
3,500 3,500
B/D 3,500
Service Revenue
C/D 3,300 May 11 2,100
May 17 1,200
3,300 3,300
B/D 3,300
Rent Expense
May 7 900 C/D 900
900 900
B/D 900
Accounts Receivable
May 11 2,100 C/D 2,100
2,100 2,100
B/D 2,100
Accounts Payable
May 31 1,000 May 3 2500
C/D 1,500
2,500 2500
B/D 1,500
Salaries Expense
May 31 2,000 C/D 2,000
2,000 2,000
B/D 2,000
JANE KENT
Trial Balance
May 31, 2010
l
1. Cash 101
2. Accounts Receivable 112
3. Supplies 126
4. Accounts Payable 201
5. Unearned Revenue 205
6. Jane Kent, Capital 301
7. Service Revenue 400
8. Salaries Expense 726
9. Rent Expense 729
Total
SOLUTION TO P2-5A
The Lake Theater
General Journal
For the Month of April 2010
Date Account Titles and Explanation
Apr. 2 Film Rental Expense
Cash
(Paid rental for the movie)
Apr. 3 No Entry (No transaction)
(Ordered additional films)
Apr. 9 Cash
Admission Revenue
(Received in cash for services
provided)
Apr. 10 Mortgage Payable
Accounts Payable
Cash
(Paid mortgage and accounts
payable)
Apr. 11 No Entry (No Transaction)
(Signed contract to lease concessio
stand)
Apr. 12 Advertising Expense
Cash
(Paid advertising cost)
Apr. 20 Film Rental Expense
Accounts Payable
(Received preordered film on bill)
Apr. 25 Cash
Admission Revenue
(Received in cash for admission)
Apr. 29 Salaries Expense
Cash
(Paid salaries)
Apr. 30 Accounts Receivable
Cash
Concession Revenue
(Received cash and balance on
account for concession stand)
Apr. 30 Prepaid Rentals
Cash
(Paid rental for film to be shown on
May 5)
Cash
Apr. 1 6,000 Apr. 2 800
Apr. 9 2,800 Apr. 10 3,000
Apr. 25 5,200 Apr. 12 500
Apr. 30 85 Apr. 29 2,000
Apr. 30 900
C/D 6,885
14,085 14,085
B/D 6,885
Prepaid Rentals
Apr. 30 900 C/D 900
900 900
B/D 900
Buildings
Apr. 1 8,000 C/D 8,000
8,000 8,000
B/D 8,000
Accounts Payable
Apr. 10 1,000 Apr 1 2,000
C/D 2,000 Apr. 20 1,000
3,000 3,000
B/D 2,000
Concession Revenue
C/D 170 Apr 30 170
170 170
B/D 170
Land
Apr. 1 10,000 C/D 10,000
10,000 10,000
B/D 10,000
Equipment
Apr. 1 6,000 C/D 6,000
6,000 6,000
B/D 6,000
Mortgage Payable
Apr. 10 2,000 Apr 1 8,000
C/D 6,000
8,000 8,000
B/D 6,000
Admission Revenue
C/D 8,000 Apr. 9 2,800
Apr. 25 5,200
8,000 8,000
B/D 8,000
Advertising Expense
Apr. 12 500 C/D 500
500 500
B/D 500
Salaries Expense
Apr. 29 2,000 C/D 2,000
2,000 2,000
B/D 2,000
THE LAKE THEATER
Trial Balance
April 31, 2010
l Explanation
1. Cash 101 6,885
2. Accounts Receivable 112 85
3. Prepaid Rentals 136 900
4. Land 140 10,000
5. Buildings 145 8,000
6. Equipment 157 6,000
7. Accounts Payable 201 2,000
8. Mortgage Payable 275 6,000
9. Tony Carpino, Capital 301 20,000
10. Admission Revenue 405 8,000
11. Concession Revenue 406 170
12. Advertising Expense 610 500
13. Film Rental Expense 632 1,800
14. Salaries Expense 726 2,000
Total 36,170 36,170
SOLUTION TO P3-1A
MASASI COMPANY
General Journal
For the Month of JUNE 2010
J3
Date Account Titles and Explanation Debit Credit
June Supplies Expense 1,400
30 Supplies 1,400
(to record supplies used, $ 2000-
600)
June Utilities Expense 150
30 Utilities Payable 150
(to record utility bill)
June Insurance Expense 250
30 Prepaid Insurance 250
(to record expired insurance,
3000/12)
June Unearned Service Revenue 2,500
30 Service Revenue 2,500
(to record revenue for services
provided)
June Salaries Expense 2,000
30 Salaries Payable 2,000
(to record accrued salaries)
June Depreciation Expense 250
30 Accumulated Depreciation - Office 250
Equipment
(to record monthly depreciation)
June Accounts Receivable 1,000
30 Service Revenue 1,000
(to record revenue for services
provided)
al
1. Cash 101 7,150
Equipment
7. Accounts Payable 201 4500