Accounting Essay examples

592 Words Jul 20th, 2011 3 Pages
Prob. 2–3A

1. JOURNAL Page 1 Post.
Date Description Ref. Debit Credit

2012
April 1 Cash 11 17,000 Kathleen Alvarez, Capital 31 17,000

2 Rent Expense 53 3,400 Cash 11 3,400

6 Equipment 16 10,000 Accounts Payable 22 10,000 8 Truck 18 21,000 Cash 11 2,000 Notes Payable 21 9,000

10 Supplies 13 1,800 Cash 11 1,800

12 Cash 11 13,000 Fees Earned 41 13,000 15 Prepaid Insurance 14 1,800 Cash 11 1,800

JOURNAL Page 2 Post.
Date Description Ref. Debit Credit

2012
April 23 Accounts Receivable 12 9,000 Fees Earned 41 9,000 24 Truck Expense 55 1,000 Accounts Payable 22 1,000 29 Utilities Expense 54 1,500
…show more content…
2–3B (Continued)

Fees Earned 41 Post. Balance
Date Item Ref. Dr. Cr. Dr. Cr.

2012
April 12 1 13,000 13,000 23 1 9,000 22,000

Wages Expense 51

2012
April 30 2 4,000 4,000

Rent Expense 53

2012
April 2 1 3,400 3,400

Utilities Expense 54

2012
April 29 2 1,500 1,500

Truck Expense 55

2012
April 24 1 1,000 1,000

Miscellaneous Expense 59

2012
April 29 1 750 750

Prob. 2–3B (Concluded)

3. Aztec Designs Unadjusted Trial Balance April 30, 2012

Debit Credit

Balances Balances

Cash 18,050

Accounts Receivable 1,200

Supplies 1,800

Prepaid Insurance 1,800

Equipment 10,000

Truck 21,000

Notes Payable 19,000

Accounts Payable 11,500

Kathleen Alvarez, Capital 17,000

Kathleen Alvarez, Drawing 2,000

Fees Earned 22,000

Wages Expense 4,000

Rent Expense 3,400

Utilities Expense 1,500

Truck Expense 1,000

Miscellaneous Expense 750

82,150 82,150

4. $11,350 ($22,000 – $4,000 – $3,400 – $1,500 – $1000 –

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