Journalizing: It is the process of recording the transactions of an organization in a chronological order. Based on these journal entries recorded, the amounts are posted to the relevant ledger accounts. Trial balance : It is prepared at the end of an accounting period listing all the ledgers and their balances. The total of the debit balances in the trial balance shall be equal to the total of the credit balances. It is prepared to check whether there is any mathematical error in the accounts. To prepare: The journal entries that occurred on October 1, 10 and 20.

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Answer 1

Question

Chapter 2, Problem 2.11E

(a)

To determine

Journalizing: It is the process of recording the transactions of an organization in a chronological order. Based on these journal entries recorded, the amounts are posted to the relevant ledger accounts.

Trial balance: It is prepared at the end of an accounting period listing all the ledgers and their balances. The total of the debit balances in the trial balance shall be equal to the total of the credit balances. It is prepared to check whether there is any mathematical error in the accounts.

To prepare: The journal entries that occurred on October 1, 10 and 20.

(b)

To determine

To prepare: The trial balance at October 31, 2017.

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Answer 2

Question

Chapter 2, Problem 2.11E

(a)

To determine

Journalizing: It is the process of recording the transactions of an organization in a chronological order. Based on these journal entries recorded, the amounts are posted to the relevant ledger accounts.

Trial balance: It is prepared at the end of an accounting period listing all the ledgers and their balances. The total of the debit balances in the trial balance shall be equal to the total of the credit balances. It is prepared to check whether there is any mathematical error in the accounts.

To prepare: The journal entries that occurred on October 1, 10 and 20.

(b)

To determine

To prepare: The trial balance at October 31, 2017.

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Answer 3

Question

Chapter 2, Problem 2.11E

(a)

To determine

Journalizing: It is the process of recording the transactions of an organization in a chronological order. Based on these journal entries recorded, the amounts are posted to the relevant ledger accounts.

Trial balance: It is prepared at the end of an accounting period listing all the ledgers and their balances. The total of the debit balances in the trial balance shall be equal to the total of the credit balances. It is prepared to check whether there is any mathematical error in the accounts.

To prepare: The journal entries that occurred on October 1, 10 and 20.

(b)

To determine

To prepare: The trial balance at October 31, 2017.

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Answer 4

Question

Chapter 2, Problem 2.11E

(a)

To determine

Journalizing: It is the process of recording the transactions of an organization in a chronological order. Based on these journal entries recorded, the amounts are posted to the relevant ledger accounts.

Trial balance: It is prepared at the end of an accounting period listing all the ledgers and their balances. The total of the debit balances in the trial balance shall be equal to the total of the credit balances. It is prepared to check whether there is any mathematical error in the accounts.

To prepare: The journal entries that occurred on October 1, 10 and 20.

(b)

To determine

To prepare: The trial balance at October 31, 2017.

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Answer 5

Chapter 2, Problem 2.11E

(a)

To determine

Journalizing: It is the process of recording the transactions of an organization in a chronological order. Based on these journal entries recorded, the amounts are posted to the relevant ledger accounts.

Trial balance: It is prepared at the end of an accounting period listing all the ledgers and their balances. The total of the debit balances in the trial balance shall be equal to the total of the credit balances. It is prepared to check whether there is any mathematical error in the accounts.

To prepare: The journal entries that occurred on October 1, 10 and 20.

(b)

To determine

To prepare: The trial balance at October 31, 2017.

Answer 6

Chapter 2, Problem 2.11E

(a)

To determine

Journalizing: It is the process of recording the transactions of an organization in a chronological order. Based on these journal entries recorded, the amounts are posted to the relevant ledger accounts.

Trial balance: It is prepared at the end of an accounting period listing all the ledgers and their balances. The total of the debit balances in the trial balance shall be equal to the total of the credit balances. It is prepared to check whether there is any mathematical error in the accounts.

To prepare: The journal entries that occurred on October 1, 10 and 20.

Answer 7

Chapter 2, Problem 2.11E

(a)

To determine

Journalizing: It is the process of recording the transactions of an organization in a chronological order. Based on these journal entries recorded, the amounts are posted to the relevant ledger accounts.

Trial balance: It is prepared at the end of an accounting period listing all the ledgers and their balances. The total of the debit balances in the trial balance shall be equal to the total of the credit balances. It is prepared to check whether there is any mathematical error in the accounts.

To prepare: The journal entries that occurred on October 1, 10 and 20.

Answer 8

(b)

To determine

To prepare: The trial balance at October 31, 2017.

Answer 9

(b)

To determine

To prepare: The trial balance at October 31, 2017.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 2 - Prob. 1Q Ch. 2 - Prob. 2Q Ch. 2 - 3. Heath Precourt, a fellow student, contends that...Ch. 2 - Prob. 4Q Ch. 2 - Prob. 5Q Ch. 2 - 6. What is the normal balance for each of the...Ch. 2 - Prob. 7Q Ch. 2 - Prob. 8Q Ch. 2 - Prob. 9Q Ch. 2 - Prob. 10Q

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To prepare: The trial balance at October 31, 2017.

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