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Business Accounting FIN MANAG. ACCT. (LL) W/CONNECT (1TERM)

General Journal Entries of HV Consulting for the month of September. Ref. Account Title and explanations PR Debit Credit a. Cash 101 60000 Office Equipment 163 25000 Common Stock 307 85000 Cash and office equipment in exchange for common stock b. Land 172 40000 Building 170 160000 Cash 101 30000 Notes Payable 250 170000 Land and building purchased c. Office Supplies 108 2000 Accounts Payable 201 2000 Credit purchase of office supplies d. Automobiles 164 16500 Common Stock 307 16500 Automobile exchanged for common stock e. Office Equipment 163 5600 Accounts Payable 201 5600 Office Equipment purchased on credit f. Salaries Expense 601 1800 Cash 101 1800 Salary paid to an assistant g. Cash 101 8000 Consulting Revenue 403 8000 Payment received for services h. Utilities Expense 602 635 Cash 101 635 Payment of utility bill i. Accounts Payable 201 2000 Cash 101 2000 Payment made for settlement of account of a supplier j. Office Equipment 163 20300 Cash 101 20300 Cash purchase of office equipment k. Accounts Receivable 106 6250 Consulting Revenue 403 6250 Amount due from a client for services provided l. Salaries Expense 601 1800 Cash 101 1800 Salary paid to assistant m. Cash 101 4000 Accounts Receivable 106 4000 Partial collection of receivable n. Dividends 319 2800 Cash 101 2800 Dividends paid Posting journal entries in ledger accounts in the balance column format Cash Account No 101 Accounts Payable Account No 201 Ref. PR Debit Credit Balance Ref. PR Debit Credit Balance a. G1 60000 60000 c. G1 2000 2000 b. G1 30000 30000 e G1 5600 7600 f. G1 1800 28200 i. G1 2000 5600 g. G1 8000 36200 h. G1 635 35565 Common Stock Account No 307 i. G1 2000 33565 Ref. PR Debit Credit Balance j. G1 20300 13265 a. G1 85000 85000 l. G1 1800 11465 d. G1 16500 101500 m G1 4000 15465 Notes Payable Account No 250 n. 2800 12665 Ref PR Debit Credit Balance b. 170000 170000 Dividends Account No 319 Accounts Receivable Account No 106 Ref. PR Debit Credit Balance Ref. PR Debit Credit Balance n. G1 2800 2800 k. G1 6250 6250 m. G1 4000 2250 Consulting Revenue Account No 403 Ref. PR Debit Credit Balance g. G1 8000 8000 Office Supplies Account No 108 k. G1 6250 14250 Ref. PR Debit Credit Balance c. G1 2000 2000 Utilities Expense Account No 602 Office Equipment Account No 163 Ref. PR Debit Credit Balance Ref. PR Debit Credit Balance h. G1 635 635 a. G1 25000 25000 e. G1 5600 30600 Salaries Expense Account No 601 j. G1 20300 50900 Ref. PR Debit Credit Balance f. 1800 1800 Automobiles Account No 164 i. 1800 3600 Ref. PR Debit Credit Balance d. G1 16500 16500 Building Account No 170 Ref. PR Debit Credit Balance b. G1 160000 160000 Land Account No 172 Ref. PR Debit Credit Balance b. G1 40000 40000 Trial balance of HV Consulting Trial Balance HV Consulting September, 30 Account Title Account No Debit Credit Cash 101 12665 Accounts Receivable 106 2250 Office Supplies 108 2000 Office Equipment 163 50900 Automobile 164 16500 Building 170 160000 Land 172 40000 Accounts Payable 201 5600 Notes Payable 250 170000 Common Stock 307 101500 Dividends 319 2800 Consulting Revenue 403 14250 Salaries Expense 601 3600 Utilities Expense 690 635 Total 291350 291350

General Journal Entries of HV Consulting for the month of September. Ref. Account Title and explanations PR Debit Credit a. Cash 101 60000 Office Equipment 163 25000 Common Stock 307 85000 Cash and office equipment in exchange for common stock b. Land 172 40000 Building 170 160000 Cash 101 30000 Notes Payable 250 170000 Land and building purchased c. Office Supplies 108 2000 Accounts Payable 201 2000 Credit purchase of office supplies d. Automobiles 164 16500 Common Stock 307 16500 Automobile exchanged for common stock e. Office Equipment 163 5600 Accounts Payable 201 5600 Office Equipment purchased on credit f. Salaries Expense 601 1800 Cash 101 1800 Salary paid to an assistant g. Cash 101 8000 Consulting Revenue 403 8000 Payment received for services h. Utilities Expense 602 635 Cash 101 635 Payment of utility bill i. Accounts Payable 201 2000 Cash 101 2000 Payment made for settlement of account of a supplier j. Office Equipment 163 20300 Cash 101 20300 Cash purchase of office equipment k. Accounts Receivable 106 6250 Consulting Revenue 403 6250 Amount due from a client for services provided l. Salaries Expense 601 1800 Cash 101 1800 Salary paid to assistant m. Cash 101 4000 Accounts Receivable 106 4000 Partial collection of receivable n. Dividends 319 2800 Cash 101 2800 Dividends paid Posting journal entries in ledger accounts in the balance column format Cash Account No 101 Accounts Payable Account No 201 Ref. PR Debit Credit Balance Ref. PR Debit Credit Balance a. G1 60000 60000 c. G1 2000 2000 b. G1 30000 30000 e G1 5600 7600 f. G1 1800 28200 i. G1 2000 5600 g. G1 8000 36200 h. G1 635 35565 Common Stock Account No 307 i. G1 2000 33565 Ref. PR Debit Credit Balance j. G1 20300 13265 a. G1 85000 85000 l. G1 1800 11465 d. G1 16500 101500 m G1 4000 15465 Notes Payable Account No 250 n. 2800 12665 Ref PR Debit Credit Balance b. 170000 170000 Dividends Account No 319 Accounts Receivable Account No 106 Ref. PR Debit Credit Balance Ref. PR Debit Credit Balance n. G1 2800 2800 k. G1 6250 6250 m. G1 4000 2250 Consulting Revenue Account No 403 Ref. PR Debit Credit Balance g. G1 8000 8000 Office Supplies Account No 108 k. G1 6250 14250 Ref. PR Debit Credit Balance c. G1 2000 2000 Utilities Expense Account No 602 Office Equipment Account No 163 Ref. PR Debit Credit Balance Ref. PR Debit Credit Balance h. G1 635 635 a. G1 25000 25000 e. G1 5600 30600 Salaries Expense Account No 601 j. G1 20300 50900 Ref. PR Debit Credit Balance f. 1800 1800 Automobiles Account No 164 i. 1800 3600 Ref. PR Debit Credit Balance d. G1 16500 16500 Building Account No 170 Ref. PR Debit Credit Balance b. G1 160000 160000 Land Account No 172 Ref. PR Debit Credit Balance b. G1 40000 40000 Trial balance of HV Consulting Trial Balance HV Consulting September, 30 Account Title Account No Debit Credit Cash 101 12665 Accounts Receivable 106 2250 Office Supplies 108 2000 Office Equipment 163 50900 Automobile 164 16500 Building 170 160000 Land 172 40000 Accounts Payable 201 5600 Notes Payable 250 170000 Common Stock 307 101500 Dividends 319 2800 Consulting Revenue 403 14250 Salaries Expense 601 3600 Utilities Expense 690 635 Total 291350 291350

FIN MANAG. ACCT. (LL) W/CONNECT (1TERM)

FIN MANAG. ACCT. (LL) W/CONNECT (1TERM)

9th Edition

ISBN: 9781266573859

Author: Wild

Publisher: MCG

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Chapter 2 Solutions

FIN MANAG. ACCT. (LL) W/CONNECT (1TERM)

Ch. 2 - Prob. 1QS Ch. 2 - Prob. 2QS Ch. 2 - Reading a chart of accounts C3 A chart of accounts...Ch. 2 - Prob. 4QS Ch. 2 - Prob. 5QS Ch. 2 - Prob. 6QS Ch. 2 - Prob. 7QS Ch. 2 - Prob. 8QS Ch. 2 - Prob. 9QS Ch. 2 - Prob. 10QS

Ch. 2 - Prob. 11QS Ch. 2 - Prob. 12QS Ch. 2 - Prob. 13QS Ch. 2 - Prob. 14QS Ch. 2 - Prob. 15QS Ch. 2 - Prob. 16QS Ch. 2 - Prob. 17QS Ch. 2 - Prob. 18QS Ch. 2 - Prob. 19QS Ch. 2 - Exercise 2-1 Steps in analyzing and recording...Ch. 2 - Prob. 2E Ch. 2 - Prob. 3E Ch. 2 - Prob. 4E Ch. 2 - Prob. 5E Ch. 2 - Prob. 6E Ch. 2 - Prob. 7E Ch. 2 - Prob. 8E Ch. 2 - Prob. 9E Ch. 2 - Prob. 10E Ch. 2 - Prob. 11E Ch. 2 - Prob. 12E Ch. 2 - Prob. 13E Ch. 2 - Prob. 14E Ch. 2 - Prob. 15E Ch. 2 - Prob. 16E Ch. 2 - Prob. 17E Ch. 2 - Prob. 18E Ch. 2 - Prob. 19E Ch. 2 - Prob. 20E Ch. 2 - Prob. 21E Ch. 2 - Exercise 2-20 Identifying effects of posting...Ch. 2 - Prob. 23E Ch. 2 - Prob. 24E Ch. 2 - Prob. 25E Ch. 2 - Prob. 26E Ch. 2 - Prob. 27E Ch. 2 - Prob. 28E Ch. 2 - Prob. 29E Ch. 2 - Prob. 1PSA Ch. 2 - Problem 2-2A Preparing and posting journal...Ch. 2 - Prob. 3PSA Ch. 2 - Prob. 4PSA Ch. 2 - Prob. 5PSA Ch. 2 - Prob. 6PSA Ch. 2 - Prob. 7PSA Ch. 2 - Prob. 1PSB Ch. 2 - Prob. 2PSB Ch. 2 - Prob. 3PSB Ch. 2 - Prob. 4PSB Ch. 2 - Prob. 5PSB Ch. 2 - Prob. 6PSB Ch. 2 - Prob. 7PSB Ch. 2 - Prob. 2SP Ch. 2 - Prob. 1GLP Ch. 2 - Prob. 2GLP Ch. 2 - Prob. 3GLP Ch. 2 - Prob. 4GLP Ch. 2 - Prob. 5GLP Ch. 2 - Prob. 6GLP Ch. 2 - Prob. 7GLP Ch. 2 - Prob. 1.1AA Ch. 2 - Prob. 1.2AA Ch. 2 - Prob. 1.3AA Ch. 2 - Prob. 1.4AA Ch. 2 - Prob. 2.1AA Ch. 2 - Prob. 2.2AA Ch. 2 - Prob. 2.3AA Ch. 2 - Prob. 3.1AA Ch. 2 - Prob. 3.2AA Ch. 2 - Prob. 3.3AA Ch. 2 - Provide the names of two (a) asset accounts, (b)...Ch. 2 - Prob. 2DQ Ch. 2 - Prob. 3DQ Ch. 2 - Prob. 4DQ Ch. 2 - Prob. 5DQ Ch. 2 - Prob. 6DQ Ch. 2 - Prob. 7DQ Ch. 2 - Prob. 8DQ Ch. 2 - Prob. 9DQ Ch. 2 - Prob. 10DQ Ch. 2 - Prob. 11DQ Ch. 2 - Prob. 12DQ Ch. 2 - Prob. 13DQ Ch. 2 - Prob. 14DQ Ch. 2 - Prob. 15DQ Ch. 2 - Prob. 1BTN Ch. 2 - Prob. 2BTN Ch. 2 - Prob. 3BTN Ch. 2 - Prob. 4BTN Ch. 2 - Prob. 5BTN Ch. 2 - Prob. 6BTN

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