Jillian Van Cura
Professor Terando
AC203 Mod 2 HW
May 17th, 2019
EX2-9
General Journal
Account titles and explanations
PR
a. Cash……………
Common Stock
Owner invested cash in exchange for common stock
b. Office Supplies…………..
Cash
Purchased supplies in cash
c. Office Equipment……………
Accounts Payable
Purchased equipment on credit
d. Accounts Receivable………..
Services Revenue
Company received cash for service to customer
e. Accounts Payable………..
Cash
Paid off the credit in C in cash
f. Accounts Receivable………
Services Revenue
Charged customer for services
g. Rent Expense………....
Cash
Paid monthly rent in cash
h. Fees Earned………….
Account Receivable
Customer partially paid back F services
i. Dividends…………….
Cash
Company paid dividends in cash to owner
(T-accounts will be turned in handwritten separately)
Debit
Credit
$100,750
$100,750
$1,250
$1,250
$10,050
$10,050
$15,500
$15,500
$10,050
$10,050
$2,700
$2,700
$1,225
$1,225
$1,125
$1,125
$10,000
$10,000
P2-4A
Account titles and explanations
a. Cash………………………………
Office Equipment………………..
Common Stock
b. Land……………….
Building…………
Cash
Accounts Payable
c. Office Supplies………
Accounts Payable
d. Automobile………….
Common Stock
e. Office Equipment………
Accounts Payable
f. Salaries Expense……….
Cash
g. Accounts Receivable………..
Services Revenue
h. Utilities Expense………..
Cash
i. Accounts Payable…………..
Cash
j. Office Equipment……
Cash
k. Notes Payable………
Services Revenue
l. Salaries Expenses……….
Cash
m. Fees Earned……….
Accounts Receivable
n. Dividends………………
Cash
PR
Debit
Credit
$60,000
$25,000
$85,000
$40,000
$160,000
$30,000
$170,000
$2,000
$2,000
$16,500
$16,500
$5,600
$5,600
$1,800
$1,800
$8,000
$8,000
$635
$635
$2,000
$2,000
$20,300
20,300
$6,250
$6,250
$1,800
$1,800
$4,000
$4,000
$2,800
$2,800
(Handwritten T-accounts for ledger)
Trial Balance:
Cash:
Accounts receivable:
Office Supplies:
Office Equipment:
Automobiles:
Building:
Land:
Accounts Payable:
Notes Payable:
Common stock:
Dividends:
Fees Earned:
Salaries Expense:
Utilities Expense:
$59,335
$10,000
$2,000
$50,900
$16,500
$160,000
$40,000
$177,600
$6,250
$85,000
$2,800
$4,000
$3,600
$635
$338,735
$279,885