Business - Marketing ACC120 Chapter Notes - Chapter 2: No. 610 Squadron Raf, Embezzlement, Accounts Payable


Department
Business - Marketing
Course Code
Business - Marketing ACC120
Professor
Lorna Martin- Scriver
Chapter
2

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BRIEF EXERCISES
EXERCISE 2-11
(a)
GENERAL JOURNAL
J1
Date
Account Titles and Explanation
Debit
Credit
May 2 Rent Expense ....................................................... 1,200
Cash ................................................................ 1,200
4 Supplies ............................................................... 700
Accounts Payable ........................................... 700
15 Accounts Payable ................................................ 800
Cash ................................................................ 800
31 Salary expense ..................................................... 1,800
Cash ................................................................ 1,800
31 Cash .................................................................. 9,500
Accounts Receivable ............................................ 500 Service Revenue
10,000
(b)

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Accounts Payable
May 1 6,000
31 9,500
May 2 1,200
15 800
31 1,800
May 15 800
May 1 800
May 4 700
May31 Bal. 11,700
May 31 Bal.700
Accounts Receivable
Notes Payable
May 31 500
May 1 50,000
May 31 Bal. 500
May 31Bal. 50,000
(b) (Continued)
Supplies
S. Ahuja, Capital
May 1 1,000
May 4700
May 1 21,200
May 31 Bal. 1,700
May31Bal. 21,200
Equipment
Service Revenue
May 1 65,000
May 3110,000
May31Bal. 65,000
May 31 Bal.10,000
Rent Expense
Salaries Expense

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May 2 1,200
May 31 1,800
May31Bal. 1,200
May31Bal.1,800
(c)
AHUJA DENTAL SERVICES
Trial Balance
May 31, 2014
Debit Credit
Cash ...................................................................... $11,700
Accounts receivable ............................................. 500
Supplies ................................................................ 1,700
Equipment ............................................................ 65,000
Notes payable ....................................................... $50,000
Accounts payable ................................................. 700
S. Ahuja, capital .................................................... 21,200
Service revenue .................................................... 10,000
Rent expense ........................................................ 1,200
Salaries expense ................................................... 1,800
$81,900 $81,900
(d)
AHUJA DENTAL SERVICES
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