Problem 4
A
a. +
b. +
c. +
d. +
e. +/f. +/g. +/h. i. j. -
10
L
o
+
o
o
o
o
o
o
OE
+
o
+
+
o
o
o
o
o
-
Problem 7
a. SA
b. UA
c. EA
d. UA
e. UA
f. EA
g. EA
h. SA
i. EC
j. SA
10
1
1
1
1
1
1
1
1
1
1
Problem 9
Cash
+
1 500,000 +
2
+
3 -140,000 +
4 -18,000 +
5 -25,000 +
6 -28,000 +
7
+
8 100,000 +
5,000 +
9
10
+
394,000 +
35
Problem 10
1 Oct.
11
1
1
1
1
1
1
1
1
1
1
Dr.
Dr.
Dr.
Dr.
Dr.
Dr.
Dr.
Dr.
Dr.
Dr.
Problem 5
a. I
b. OW
c. NO
d. OI
e. E
f. I
g. NO
h. E
Explanation for P7 only
Cash
Cr.
Accounts payable
Cr.
Accounts receivable Cr.
Withdrawals
Cr.
Rent expense
Cr.
Cash - TD
Cr.
Land
Cr.
Accounts receivable Cr.
Expense
Cr.
Cash
Cr.
Supplies
+
+
20,000 +
+
+
+
+
+
+
+
-6,000 +
14,000 +
1 Collected on account
2 Purchased supplies for cash
Land
8
1
1
1
1
1
1
1
1
A/P
7
1
1
1
1
1
1
1
EXCHANGE OF CLAIMS
UNEARNED SERVICE REVENUE LIABILITY
SERVICE REVENUE OWNER'S EQUITY
Problem 8
1C
2D
3C
4E
5C
6A
7E
8A
9E
10 E
Capital
Cash
Cash
Cash
Cash
Cash
Cash
Revenues
Accounts payable
Revenues
=
=
=
140,000 =
=
=
=
=
=
=
=
140,000 =
548,000 =
1
1
Problem 6
a. paid salaries for the period
b. utility bills incurred but unpaid
c. initial investnments by owner
d. allocating revenues recorded in advance to revenues
e. rent paid in advance, equipment acquired for cash
f. issued promissorynote for bank loan, supplies purchased on account
g. partial payment of accounts
+
+
20,000 +
+
-18,000 +
+
+
10,000 +
+
+
+
12,000 +
548,000
10
1
1
1
1
1
1
1
1
1
1
corpuz, capital changes in oe
3
500,000 I
3
2
2
3
-25,000 W
3
-28,000 E
3
-10,000 E
3
100,000 I
3
5,000 R
3
-6,000 E
5
536,000
2
35
2 change in cash
change in capital
Problem 11
Cash
+
Oct
1 250,000 +
2
+
3 -57,000 +
9
87,500 +
10 -25,000 +
11
+
12 -55,000 +
16 -25,000 +
23
35,000 +
27 -57,000 +
-7,500 +
30
-5,500 +
31
140,500 +
32
Problem 12
+
Jan Cash
1
25,000 +
-3,000 +
a
b
1,000 +
c
+
d
12,000 +
e
10,000 +
f
-2,000 +
g
-2,000 +
h
-1,650 +
i
2,500 +
31
41,850 +
27
Problem 13
10
3 Acquired equipment on account
4 rendered services on account
5 incurred expense on account
6 settle accounts
7 purchased supplies on account
8 paid expenses
9 withdrawal by owner
12,000 decrease
1,000 increase
A/R
+
1
1
1
1
1
1
1
1
1
Supplies
+
+
+
+
+
170,000 +
+
+
-35,000 +
+
+
+
135,000 +
A/R
+
4,000 +
+
-1,000 +
+
+
+
+
+
+
-2,500 +
500 +
+
S-Vehicle
+
+
57,000 +
+
+
+
+
+
+
+
+
+
57,000 +
Supplies
+
5,000 +
+
+
2,500 +
+
+
+
+
1,650 +
+
9,150 +
=
A/P
=
195,000 =
=
=
=
=
=
=
=
=
=
=
195,000 =
527,500 =
Eequipment
=
60,000 =
=
=
=
-12,000 =
=
=
10,000 =
=
=
58,000 =
109,500 =
+
+
195,000 +
+
+
+
+
-55,000 +
+
+
+
+
+
140,000 +
527,500
A/P
+
9,000 +
-3,000 +
+
2,500 +
+
10,000 +
-2,000 +
8,000 +
+
+
24,500 +
109,500
Daganta, Capital
250,000
87,500
-25,000
170,000
-25,000
-57,000
-7,500
-5,500
387,500
2
2
2
2
2
2
2
2
2
2
2
2
6
2
Calamba, Capital
85,000
2
2
2
2
2
2
3
2
2
6
85,000
2
Left Side
Cash
Accounts receivable
Prepaid Insurance
Office Equipment
Total
Problem 14
Cash
+
a.
146,200 +
b.
+
c.
+
d.
-5,500 +
e.
-7,960 +
f.
-1,240 +
g.
8,960 +
h.
-6,000 +
-640 +
i.
-4,200 +
j.
15,480 +
k.
-760 +
l.
m.
-9,600 +
134,740 +
1
1
1
1
1
92,650
33,700
8,350
31,000
165,700
Right Sidee
Accounts payable
Modesto, capital
Revenues
Expenses
Total
20,000
108,000
92,700
55,000
165,700
1
1
1
1
1
42
Prepaid
Insurance +
+
+
+
+
+
1,240 +
+
+
+
+
+
+
+
1,240 +
Problem 15
14
a. Cash
Asset
Increase
Service RevRevenue Increase
b. Salaries Ex Expense Increase
Cash
Asset
Decrease
c. Cash
Asset
Increase
Accounts RAsset
Decrease
d. Ruben, Wi Owner's WIncrease
Cash
Asset
Decrease
e. Supplies Asset
Increase
Accounts pLiability Increase
f. Accounts RAsset
Increase
Service RevRevenue Increase
g. Accounts pLiability Decrease
Cash
Asset
Decrease
Photo
Equip.
=
=
71,210 =
51,620 =
=
7,960 =
=
=
=
=
=
=
=
=
130,790 =
266,770 =
(1item wong in each line is no point)
Debit
1
Credit
1
Debit
1
Credit
1
Debit
1
Credit
1
Debit
1
Credit
1
Debit
1
1
Credit
1
Debit
1
Credit
Debit
1
Credit
1
A/P
+
+
71,210 +
+
+
+
+
+
+
+
-4,200 +
+
+
+
67,010 +
266,770
Victorino,
Capital
146,200 I
51,620 I
-5,500 E
8,960 R
-6,000 E
-640 E
15,480 R
-760 E
-9,600 W
199,760
3
2
3
3
2
2
3
3
3
2
3
3
3
5
2