Académique Documents
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General Journal
General Journal
Date Account Titles & Explantion Debit Credit
Snow Company
Trial Balance, December 31, 2012
Trial Balance
Account Title Debit Credit
Cash $ 7,000
Accounts Receivable 4,000
PrePaid Insurance 6,000
Equipment 88,000
$ 158,000 $ 158,000
Chapter 2, Recording Process, page 69
General Journal
Date Account Titles & Explantion Debit Credit
Cash Cash
3/1/2013 $ 600 400 3/15 Date Debit(+) Credit(-) Balance
3/4 2,280 92 3/19 3/1/2013 $ 600 $ 600
3/31/2013 $ 2,388 3/4 2,280 2,880
balance 3/15 400 2,480
3/19 92 2,388
3/31/2013 $ 2,388
Chapter 2, Recording Process, pages 63 - 72 (pg 70)
General Journal
Date Account Titles & Explantion Debit Credit
General Ledger
Pioneer Company
Trial Balance, October 31, 2012
Trial Balance
Account Title Debit Credit
Cash $ 15,200
Supplies 2,500
PrePaid Insurance 600
Equipment 5,000
$ 28,700 $ 28,700
Chapter 2, Recording Process, pages 63 - 72 (pg 70)
General Journal
Date Account Titles & Explantion Debit Credit
General Ledger
Pioneer Company
Trial Balance, October 31, 2012
Trial Balance
Account Title Debit Credit
Cash $ 15,200
Supplies 2,500
PrePaid Insurance 600
Equipment 5,000
$ 28,700 $ 28,700
Chapter 2, Recording Process, pages 63 - 72
No Transaction -
On October 9, Pioneer hires four employees to begin work on
October 15. Each employee is to receive a weekly salary of $500
for a 5-day work week, payable every 2 weeks—first payment
made on October 26
Balance
$ 10,000
Balance
$ 500
Balance
$ 10,000
Balance
$ 4,000
Balance
$ 900
Chapter 2, Recording Process, pages 74-75
General Journal
Date Account Titles & Explantion Debit Credit
Trial Balance
Account Title Debit Credit
Cash $ 13,300
PrePaid Insurance 1,200
Equipment 25,000
$ 41,400 $ 41,400
Chapter 2, Recording Process, pages 74-75
Bob Sample opened the Campus Laundromat on September 1, 2012. During the
first month of operations, the following transactions occurred.
2 2 The company paid $1,000 cash for store rent for September.
5 10 Received a bill from the Daily News for advertising the opening of the laundromat $200.
7 30 The company determined that cash receipts for laundry services for the month were $6,200.
Chapter 2, Recording Process, page 84-85 (P2-1A)
General Journal
Date Account Titles & Explantion Debit Credit
General Ledger
Frontier Park
Trial Balance, April 30, 2013
Trial Balance
Account Title Debit Credit
Cash $ 21,150
PrePaid Insurance 1,650
Land 27,000
Notes Payable
Accounts Payable 900
UnEarned Service Revenue 2,500
$ 54,100 $ 54,100
Chapter 2, Recording Process, page 84-85 (P2-1A)
P2-1A Frontier Park was started on April 1 by H. Hillenmeyer. The following selected events
and transactions occurred during April.
9 25 Sold 100 coupon books for $25 each. Each book contains 10 coupons that entitle the
holder to one admission to the park.
Hillenmeyer uses the following accounts: Cash, Prepaid Insurance, Land, Accounts Payable,
Unearned Service Revenue, Owner’s Capital, Owner’s Drawings, Service Revenue, Advertising
Expense, and Salaries and Wages Expense.
Harjeet Tuteja
Chapter 2, Recording Process, page 85 (P2-2A) Fn580
Chapter 2 - P2-1A
The purpose of transaction analysis is to identify the type of account
involved, then to determine whether to make a debit or credit to the account
General Journal
Date Account Titles & Explantion Debit Credit
General Ledger
Accounts Receivable
Date Debit(+) Credit(-) Balance
$ 3,200 $ 3,200
Harjeet Tuteja
Chapter 2, Recording Process, page 85 (P2-2A) Fn580
Chapter 2 - P2-1A
Frontier Park
Trial Balance, April 30
Trial Balance
Account Title Debit Credit
Cash $ 20,300
Supplies 2,500
Accounts Receivable 3,200
Notes Payable
Accounts Payable 1,000
UnEarned Service Revenue 20,000
$ 28,900 $ 28,900
Harjeet Tuteja
Fn580
Chapter 2 - P2-1A
P2-2A Desiree Clark is a licensed CPA. During the fi rst month of operations of her business,
the following events and transactions occurred.
5 11 Completed a tax assignment and billed client $3,200 for services provided.
Desiree uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126
Supplies, No. 201 Accounts Payable, No. 209 Unearned Service Revenue, No. 301 Owner’s Capital,
No. 400 Service Revenue, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense.
Instructions
(a) Journalize the transactions.
(b) Post to the ledger accounts.
(c) Prepare a trial balance on May 31, 2012.
Chapter 2, Recording Process, page 87 (P2-1B)
General Journal
Date Account Titles & Explantion Debit Credit
General Ledger
Frontier Park
Trial Balance, April 30
Trial Balance
Account Title Debit Credit
Cash $ 6,300
PrePaid Insurance 600
Supplies
Accounts Receivable
Land Building 15,000
Equipment 1,050
Notes Payable
Accounts Payable -
UnEarned Service Revenue 1,500
$ 24,700 $ 24,700
Chapter 2, Recording Process, page 87 (P2-1B)
P2-1B Forte Disc Golf Course was opened on March 1 by Matt Forte. The following selected
events and transactions occurred during March.
1 Mar. 1 Invested $20,000 cash in the business.
2 3 Purchased Heeren’s Golf Land for $15,000 cash. The price consists of land $12,000,
shed $2,000, and equipment $1,000. (Make one compound entry.)
3 5 Paid advertising expenses of $700.
4 6 Paid cash $600 for a one-year insurance policy.
5 10 Purchased golf discs and other equipment for $1,050 from Innova Company payable
in 30 days.
6 18 Received $1,100 in cash for golf fees earned (Forte records golf fees as service
revenue).
7 19 Sold 150 coupon books for $10 each. Each book contains 4 coupons that enable the
holder to play one round of disc golf.
8 25 Withdrew $800 cash for personal use.
9 30 Paid salaries of $250.
10 30 Paid Innova Company in full.
11 31 Received $2,100 cash for fees earned.
Matt Forte uses the following accounts: Cash, Prepaid Insurance, Land, Buildings, Equipment,
Accounts Payable, Unearned Service Revenue, Owner’s Capital, Owner’s Drawings, Service
Revenue, Advertising Expense, and Salaries and Wages Expense.
Instructions
Journalize the March transactions.
Chapter 2, Recording Process, page 85 (P2-2B)
General Journal
Date Account Titles & Explantion Debit Credit
General Ledger
Trial Balance
Account Title Debit Credit
Cash $ 16,800
PrePaid Insurance
Supplies 4,000
Accounts Receivable 5,100
Land Building
Equipment
Notes Payable
Accounts Payable 1,600
UnEarned Service Revenue 1,000
P2-2B Victoria Hall is a licensed dentist. During the fi rst month of the operation of her business,
the following events and transactions occurred.
Victoria uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126
Supplies, No. 201 Accounts Payable, No. 209 Unearned Service Revenue, No. 301 Owner’s Capital,
No. 400 Service Revenue, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense.
Chapter 2, Recording Process, page 85 (P2-3B)
General Journal
Date Account Titles & Explantion Debit Credit
General Ledger
Frontier Park
Trial Balance, April 30
Trial Balance
Account Title Debit Credit
Cash 9 $ 8,200
PrePaid Insurance 1,800
Supplies 2,000
Accounts Receivable 9,000
Land Building
Equipment 30,000
Notes Payable
Accounts Payable 21,450
UnEarned Service Revenue
P2-3B San Jose Services was formed on May 1, 2012. The following transactions took place
during the fi rst month
Transactions on May 1:
1 1. Jarron Gilbert invested $40,000 cash in the company, as its sole owner.
2. Hired two employees to work in the warehouse. They will each be paid a salary of $3,050 per
month. (No transaction)
2 3. Signed a 2-year rental agreement on a warehouse; paid $24,000 cash in advance for the fi rst
year.
3 4. Purchased furniture and equipment costing $30,000. A cash payment of $10,000 was made
immediately; the remainder will be paid in 6 months.
4 5. Paid $1,800 cash for a one-year insurance policy on the furniture and equipment.
Instructions
(a) Prepare journal entries to record each of the events listed. (Omit explanations.)
(b) Post the journal entries to T accounts.
(c) Prepare a trial balance as of May 31, 2012.
Trial balance totals $81,450