Accounting Principles 10th Edition Weygandt Kimmel Chapter 2 PDF

Chapter 2, Recording Process, pages 59 - 60
General Journal
transactions (activities) are recorded, entered General Journal
General Journal
Date Account Titles & Explantion Debit Credit
1/1/2013 Cash $ 20,000

Owner's Capital 20,000
(owner's investment of cash in a business)
1/2 Equipment $ 4,800

Accounts Payable 4,800
(purchase of equipment on account)
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
Notes Payable 19,000

Salaries & Wages Payable 2,000

Owner's Drawings 8,000
Service Revenue 95,000

Salaries & Wages Expense 42,000
Insurance Expense 3,000
$ 158,000 $ 158,000
Chapter 2, Recording Process, page 69
General Journal and General Ledger
transactions (activities) are recorded, entered General Journal

post entries to General Ledger
General Journal
3/4/2013 Cash $ 2,280

3/15 Salaries & Wages Expense $ 400

Cash 400
3/19 Utilities Expense $ 92

Cash 92
post entries to General Ledger post entries to General Ledger
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)
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
1 10/1/2013 Cash $ 10,000

2 10/1 Equipment $ 5,000

Notes Payable 5,000
(issued 3 month, 12% note for equip)
3 10/2 Cash $ 1,200

UnEarned Service Revenue 1,200
(cash received for future service)
4 10/3 Rent Expense $ 900

Cash 900
(paid october rent)
5 10/4 PrePaid Insurance $ 600

Cash 600
(paid one year policy, effective October 1)
6 10/5 Supplies $ 2,500

(purchased supplies on account)
7 10/20 Owner's Drawings $ 500

Cash 500
(withdrew cash for personal use)
8 10/26 Salaries &Wages Expense $ 4,000

Cash 4,000
(paid salaries to date)
9 10/31 Cash $ 10,000

(received cash for services provided)
General Ledger
Cash UnEarn Ser Rev

Date Debit(+) Credit(-) Balance Date Debit(-) Credit(+) Balance
10/1/2013 $ 10,000 $ 10,000 10/2/2013 $ 1,200 $ 1,200
10/2 1,200 11,200
10/3 900 10,300
10/4 600 9,700
10/20 500 9,200
10/26 4,000 5,200
10/31 10,000 $ 15,200
Supplies Owner's Capital

10/5/2013 $ 2,500 $ 2,500 10/1/2013 $ 10,000 $ 10,000
PrePaid Insur -Owner's Drawings

Date Debit(+) Credit(-) Balance Date Debit(+) Credit(-) Balance
10/4/2013 $ 600 $ 600 10/20/2013 $ 500 $ 500
Equipment Service Revenues

10/1/2013 $ 5,000 $ 5,000 10/31/2013 $ 10,000 $ 10,000
Notes Payable -Sal & Wages Exp

Date Debit(-) Credit(+) Balance Date Debit(+) Credit(-) Balance
10/1/2013 $ 5,000 $ 5,000 10/26/2013 $ 4,000 $ 4,000
Accounts Payable -Rent Exp

10/5/2013 $ 2,500 $ 2,500 10/3/2013 $ 900 $ 900
Pioneer Company
Trial Balance, October 31, 2012
Trial Balance
Cash $ 15,200
Supplies 2,500
PrePaid Insurance 600
Equipment 5,000
Notes Payable 5,000


Owner's Drawings 500

Rent Expense 900
$ 28,700 $ 28,700

General Journal
1 10/1/2013 Cash $ 10,000

2 10/1 Equipment $ 5,000

Notes Payable 5,000
(issued 3 month, 12% note for equip)
3 10/2 Cash $ 1,200


Cash 900
(paid october rent)

Cash 600
(paid one year policy, effective October 1)
6 10/5 Supplies $ 2,500

(purchased supplies on account)

Cash 500

Cash 4,000
9 10/31 Cash $ 10,000

General Ledger
Cash UnEarn Ser Rev

Date Debit(+) Credit(-) Balance Date Debit(-) Credit(+)
10/1/2013 $ 10,000 $ 10,000 10/2/2013 $ 1,200
10/2 1,200 11,200
10/3 900 10,300
10/4 600 9,700
10/20 500 9,200
10/26 4,000 5,200
10/31 10,000 $ 15,200

10/5/2013 $ 2,500 $ 2,500 10/1/2013 $ 10,000
PrePaid Insur -Owner's Drawings

Date Debit(+) Credit(-) Balance Date Debit(+) Credit(-)
10/4/2013 $ 600 $ 600 10/20/2013 $ 500
Equipment Service Revenues

Balance 10/1/2013 $ 5,000 $ 5,000 10/31/2013 $ 10,000
$ 600
2,880
2,480
2,388
Notes Payable -Sal & Wages Exp
Date Debit(-) Credit(+) Balance Date Debit(+) Credit(-)
10/1/2013 $ 5,000 $ 5,000 10/26/2013 $ 4,000
Accounts Payable -Rent Exp

Date Debit(-) Credit(+) Balance Date Debit(+) Credit(-)
10/5/2013 $ 2,500 $ 2,500 10/3/2013 $ 900
Pioneer Company
Trial Balance
Cash $ 15,200
Supplies 2,500
Equipment 5,000
Notes Payable 5,000



Rent Expense 900
$ 28,700 $ 28,700
1 On October 1, C. R. Byrd invests $10,000 cash in an advertising

company called Pioneer Advertising Agency.
2 On October 1, Pioneer purchases office equipment costing

$5,000 by signing a 3-month, 12%, $5,000 note payable.
3 On October 2, Pioneer receives a $1,200 cash advance from

R. Knox, a client, for advertising services that are expected
to be completed by December 31
4 On October 3, Pioneer pays office rent for October in cash, $900.
5 On October 4, Pioneer pays $600 for a one-year insurance

policy that will expire next year on September 30.
6 On October 5, Pioneer purchases an estimated 3-month supply

of advertising materials on account from Aero Supply for $2,500.
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
7 On October 20, C. R. Byrd withdraws $500 cash for personal use
8 On October 26, Pioneer owes employee salaries of $4,000

and pays them in cash. (See October 9 transaction.)
9 On October 31, Pioneer receives $10,000 in cash from Copa

Company for advertising services provided in October.
Balance
$ 1,200
Balance
$ 10,000
Balance
$ 500
Balance
$ 10,000
Balance
$ 4,000
Balance
$ 900
Chapter 2, Recording Process, pages 74-75
the purpose of transaction analysis is to identify the type of account

General Journal
1 9/1/2012 Cash $ 20,000

2 9/2 Rent Expense $ 1,000

Cash 1,000
(paid September rent)
3 9/3 Equipment $ 25,000

Cash 10,000
Note Payable 15,000
(Issued 6 months, 12% note on equipment)
4 9/4 PrePaid Insurance $ 1,200

Cash 1,200
(paid one year policy, effective Sept 1)
5 9/10 Advertising Expense $ 200

Accounts Payable 200
(received bill from Daily News for advertising)

Cash 700
7 9/30 Cash $ 6,200


General Ledger
Cash Owner's Capital

9/1/2012 $ 20,000 $ 20,000 9/1/2012 $ 20,000 $ 20,000
9/2 1,000 19,000
9/3 10,000 9,000
9/4 1,200 7,800
9/20 700 7,100
9/30 6,200 13,300
$ 13,300
-Rent Exp Equipment

9/2/2013 $ 1,000 $ 1,000 9/3/2013 $ 25,000 $ 25,000
Notes Payable -Owner's Drawings

9/3/2013 $ 15,000 $ 15,000 9/20/2013 $ 700 $ 700
PrePaid Insur Advertising Expense

9/4/2013 $ 1,200 $ 1,200 9/10/2013 $ 200 $ 200
Service Revenues Accounts Payable

9/30/2013 $ 6,200 $ 6,200 9/10/2013 $ 200 $ 200

Pioneer Company
Trial Balance
Cash $ 13,300
Equipment 25,000
Notes Payable 15,000

UnEarned Service Revenue -


Adevertising Expense 200
Rent Expense 1,000
$ 41,400 $ 41,400
Bob Sample opened the Campus Laundromat on September 1, 2012. During the
first month of operations, the following transactions occurred.
1 1 Sept. 1 Bob invested $20,000 cash in the business.
2 2 The company paid $1,000 cash for store rent for September.
3 3 Purchased washers and dryers for $25,000, paying $10,000 in cash

and signing a $15,000, 6-month, 12% note payable.
4 4 Paid $1,200 for a one-year accident insurance policy.
5 10 Received a bill from the Daily News for advertising the opening of the laundromat $200.
6 20 Bob withdrew $700 cash for personal use.
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
1 4/1/13 Cash $ 35,000

2 4/4 Land $ 27,000

Cash 27,000
(Purchased land on cash)
3 4/8 Advertising Expense $ 1,800

( advertising expense on account)

Cash 1,500

Cash 1,650
(paid one year policy, effective April 1)
6 4/17 Owner's Drawings $ 1,000

Cash 1,000
7 4/20 Cash $ 6,800

(Received cash for admission fees )
8 4/25 Cash $ 2,500

UnEarnedService Revenue 2,500
(sold 100 coupon books, $ 25 each )
(Received cash for future services)
9 4/30 Cash $ 8,900

(Received cash for admission fees )
10 4/30 Accounts Payable $ 900

Cash 900
(paid Adv expense incurred on Apr 18 )
General Ledger
Cash UnEarnedService Revenues

4/1/13 $ 35,000 $ 35,000 4/25/2013 $ 2,500 $ 2,500
4/4 27,000 8,000
4/11 1,500 6,500
4/13 1,650 4,850
4/17 1,000 3,850
4/20 6,800 10,650
4/25 2,500 13,150
4/30 8,900 22,050
4/30 900 $ 21,150
Land Owner's Capital

4/4/2013 $ 27,000 $ 27,000 4/1/2013 $ 35,000 $ 35,000
PrePaid Insurance -Owner's Drawings

4/13/2013 $ 1,650 $ 1,650 4/17/2013 $ 1,000 $ 1,000
Accounts Payable -Advertising Expense

Date Debit(-) Credit(+) Balance Date Debit(+) Credit(+) Balance
4/8/2013 $ 1,800 $ 1,800 4/8/2013 $ 1,800 $ 1,800
4/30 $ 900 $ 900
Service Revenues -Salary & Wage Expense

4/20/2013 $ 6,800 $ 6,800 4/11/2013 $ 1,500 $ - $ 1,500
4/30 8,900 $ 15,700
Frontier Park
Trial Balance, April 30, 2013
Trial Balance
Cash $ 21,150
Land 27,000
Notes Payable

Owner's Drawings 1,000

Adevertising Expense 1,800
$ 54,100 $ 54,100
P2-1A Frontier Park was started on April 1 by H. Hillenmeyer. The following selected events
and transactions occurred during April.
1 Apr. 1 Hillenmeyer invested $35,000 cash in the business.
2 4 Purchased land costing $27,000 for cash.
3 8 Incurred advertising expense of $1,800 on account.
4 11 Paid salaries to employees $1,500.
5 12 Hired park manager at a salary of $4,000 per month, effective May 1.
6 13 Paid $1,650 cash for a one-year insurance policy.
7 17 Withdrew $1,000 cash for personal use.
8 20 Received $6,800 in cash for admission fees.
9 25 Sold 100 coupon books for $25 each. Each book contains 10 coupons that entitle the
holder to one admission to the park.
10 30 Received $8,900 in cash admission fees.
11 30 Paid $900 on balance owed for advertising incurred on April 8.
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
General Journal
1 5/1 Cash $ 20,000

3 5/2 Supplies $ 2,500

Accounts payable 2,500
(Purchases supply on account)
(From Reed Supply Co)

Cash 900
( Paid May rent)
5 5/11 Account Receivable $ 3,200

(Completed Tax Assignment)
6 5/12 Cash $ 3,500

UnearnedService Revenue 3,500
(Cash received for future services)
7 5/17 Cash $ 1,200


Cash 2,000
(paid salaries to secretary)
9 5/31 Accounts Payable $ 1,500

Cash 1,500
(paid60% of balance for supplies purchased
from Reed Supply Co)
Harjeet Tuteja
Fn580
Chapter 2, Recording Process, page 85 (P2-2A) Chapter 2 - P2-1A
General Ledger
Cash UnEarnedService Revenues

5/1 $ 20,000 $ 20,000 $ 3,500 $ 3,500
5/7 900 19,100
5/12 3,500 22,600
5/17 1,200 23,800
5/31 2,000 21,800
5/31 1,500 20,300

$ 2,500 $ 2,500 1/0/1900 $ 20,000 $ 20,000
'- Salary & Wage Expense -Rent Expense

$ 2,000 $ - $ 2,000 $ 900 $ 900

$ 3,200 $ 3,200 $ 2,500 $ 2,500
1,200 4,400 $ 1,500 $ 1,000
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
Cash $ 20,300
Supplies 2,500
Notes Payable

Owner's Drawings

Rent Expense 900
$ 28,900 $ 28,900
Harjeet Tuteja
Fn580
Chapter 2 - P2-1A
Chapter 2, Recording Process, page 85 (P2-2A)
P2-2A Desiree Clark is a licensed CPA. During the fi rst month of operations of her business,
the following events and transactions occurred.
1 May 1 Clark invested $20,000 cash in her business.
2 2 Hired a secretary-receptionist at a salary of $2,000 per month.
3 3 Purchased $2,500 of supplies on account from Read Supply Company.
4 7 Paid office rent of $900 cash for the month.
5 11 Completed a tax assignment and billed client $3,200 for services provided.
6 12 Received $3,500 advance on a management consulting engagement.
7 17 Received cash of $1,200 for services completed for C. Desmond Co.
8 31 Paid secretary-receptionist $2,000 salary for the month.
9 31 Paid 60% of balance due Read Supply Company
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
1 3/1 Cash $ 20,000

2 3/3 Land Building $ 15,000

Cash $ 15,000
(Purchased Land, shed and equipment)
3 3/5 Advertising Expense $ 700

Cash 700
(Advertising expense)

Cash 600
(paid one year policy, effective March 1)
5 3/10 Equipment $ 1,050

(Purchased golf equipment on account)
6 3/18 Cash $ 1,100

7 3/19 Cash $ 1,500

UnearnedService Revenue 1,500
(Received cash for future services)

Cash 800
9 3/30 Salaries &Wages Expense $ 250

Cash 250
(paid salaries)

Cash 1,050
(paid in full to Innova Co. equipment purchased)
11 3/31 Cash $ 2,100

General Ledger

3/1 $ 20,000 $ 20,000 3/1/2013 $ 20,000 $ 20,000
3/3 15,000 5,000
3/5 700 4,300
3/6 600 3,700
3/18 1,100 4,800 -Owner's Drawings
3/19 1,500 6,300 Date Debit(-) Credit(+) Balance
3/25 800 5,500 3/25/2013 $ 800 $ 800
3/30 250 5,250
3/30 1,050 4,200
3/31 $ 2,100 6,300
Land Building UnEarnedService Revenues

3/3/2013 $ 15,000 $ 15,000 3/19/2013 $ 1,500 $ 1,500
- Salary & Wage Expense -AdvertisingExpense

3/30/2013 $ 250 $ 250 3/5/2013 $ 700 $ 700

3/18/2013 $ 1,100 $ 1,100 3/10/2013 $ 1,050
3/31 2,100 3,200 3/30 $ 1,050 $ -
Prepaid Insurance Equipment

3/6/2013 $ 600 $ 600 3/10/2013 $ 1,050 $ 1,050
Frontier Park
Trial Balance
Cash $ 6,300
Supplies
Accounts Receivable
Land Building 15,000
Equipment 1,050
Notes Payable
Accounts Payable -


Rent Expense
Adevertising Expense 700
Salaries & Wages Expense 250
$ 24,700 $ 24,700
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.
General Journal
1 5/1 Cash $ 20,000

2 5/2 Rent expense $ 1,100

Cash 1,100
(rent paid for the month)
3 5/2 Supplies $ 4,000

(purchased dental supply on account)
4 5/3 Accounts Receivable $ 5,100

(Billed for services)
5 5/6 Cash $ 1,000

6 5/11 Cash $ 2,100

(Received cash for services)

Cash 2,800

Cash 2,400
(paid for supplies)
$ 38,500 38,500
General Ledger

$ 20,000 $ 20,000 $ 20,000 $ 20,000
1,100 18,900
$ 1,000 19,900
$ 2,100 22,000
2,800 19,200 -Rent Expense
2,400 16,800 Date Debit(-) Credit(+) Balance
$ 1,100 $ 1,100
Furniture & Equipmt UnEarnedService Revenues

$ 1,000 $ 1,000
- Salary & Wage Expense Supplies

$ 2,800 $ 2,800 $ 4,000 4,000

$ 5,100 5,100 $ 4,000 $ 4,000
2,100 7,200 $ 2,400 $ 1,600

- Utility Expense Accounts Receivable

$ 5,100 $ 5,100

Victoria Hall Dentist
Trial Balance
Cash $ 16,800
PrePaid Insurance
Supplies 4,000
Land Building
Equipment
Notes Payable

Owner's Drawings

utility Expense
Adevertising Expense
Rent Expense 1,100
$ 29,800 $ 29,800
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.
1 April 1 Invested $20,000 cash in her business.

2 1 Hired a secretary-receptionist at a salary of $700 per week payable monthly.
(No transaction)
3 2 Paid offi ce rent for the month $1,100.
4 3 Purchased dental supplies on account from Smile Company $4,000.
5 10 Provided dental services and billed insurance companies $5,100.
6 11 Received $1,000 cash advance from Trudy Borke for an implant.
7 20 Received $2,100 cash for services completed and delivered to John Carl.
8 30 Paid secretary-receptionist for the month $2,800.
9 30 Paid $2,400 to Smile Company for accounts payable due.
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.
General Journal
1 5/1 Cash $ 40,000

2 5/1 Prepaid Rent expense $ 24,000

Cash 24,000
(2 year rental agreement on WH)
3 5/1 Furniture & Equipment $ 30,000

Cash 10,000

Cash 1,800
(paid one year policy, effective May 1)
5 5/6 Supplies $ 500

Cash 500
6 5/7 Supplies $ 1,500

7 5/8 Cash $ 8,000

8 5/9 Accounts Payable $ 400

Cash 400
(paid for supplies)
9 5/10 Cash $ 3,000

(Received cash in payment of account)
10 5/11 Utility Expense $ 350


Cash 6,100
General Ledger

5/1 $ 40,000 $ 40,000 $ 40,000 $ 40,000
5/1 24,000 16,000
5/1 10,000 6,000
5/1 1,800 4,200
5/6 500 3,700 -Rent Expense
5/8 8,000 11,700 Date Debit(-) Credit(+) Balance
5/9 400 11,300 $ 24,000 $ - $ 24,000
5/10 $ 3,000 14,300
5/12 6,100 8,200
Furniture & Equipmt UnEarnedService Revenues

$ 30,000 $ 30,000
- Salary & Wage Expense Supplies

$ 6,100 $ 6,100 $ 500 $ 500
1,500 2,000

$ 20,000 20,000 $ 20,000 $ 20,000
1,500 $ 21,500
400 21,900
350 21,450

$ 1,800 $ 1,800
- Utility Expense Accounts Receivable

$ 350 $ 350 $ 12,000 $ 12,000
$ 3,000 $ 9,000
Frontier Park
Trial Balance
Cash 9 $ 8,200
Supplies 2,000
Land Building
Equipment 30,000
Notes Payable
UnEarned Service Revenue

Owner's Drawings

utility Expense 350
Adevertising Expense
Rent Expense 24,000
$ 81,450 $ 81,450
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.
Transactions during the remainder of the month:
5 6. Purchased basic offi ce supplies for $500 cash.

6 7. Purchased more offi ce supplies for $1,500 on account.
7 8. Total revenues earned were $20,000—$8,000 cash and $12,000 on account.
8 9. Paid $400 to suppliers for accounts payable due.
9 10. Received $3,000 from customers in payment of accounts receivable.
10 11. Received utility bills in the amount of $350, to be paid next month.
11 12. Paid the monthly salaries of the two employees, totalling $6,100.
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

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Chapter 2, Recording Process, pages 59 - 60

transactions (activities) are recorded, entered General Journal

1/1/2013 Cash $ 20,000

1/2 Equipment $ 4,800

Chapter 2, Recording Process, pages 73 - 74

Notes Payable 19,000

Owner's Capital 20,000

Service Revenue 95,000

General Journal and General Ledger

transactions (activities) are recorded, entered General Journal

3/4/2013 Cash $ 2,280

3/15 Salaries & Wages Expense $ 400

3/19 Utilities Expense $ 92

post entries to General Ledger post entries to General Ledger

The purpose of transaction analysis is to identify the type of account

1 10/1/2013 Cash $ 10,000

2 10/1 Equipment $ 5,000

3 10/2 Cash $ 1,200

4 10/3 Rent Expense $ 900

5 10/4 PrePaid Insurance $ 600

6 10/5 Supplies $ 2,500

7 10/20 Owner's Drawings $ 500

8 10/26 Salaries &Wages Expense $ 4,000

9 10/31 Cash $ 10,000

Cash UnEarn Ser Rev

Supplies Owner's Capital

PrePaid Insur -Owner's Drawings

Equipment Service Revenues

Notes Payable -Sal & Wages Exp

Accounts Payable -Rent Exp

Notes Payable 5,000

Owner's Capital 10,000

Service Revenue 10,000

The purpose of transaction analysis is to identify the type of account

1 10/1/2013 Cash $ 10,000

2 10/1 Equipment $ 5,000

3 10/2 Cash $ 1,200

4 10/3 Rent Expense $ 900

5 10/4 PrePaid Insurance $ 600

6 10/5 Supplies $ 2,500

7 10/20 Owner's Drawings $ 500

8 10/26 Salaries &Wages Expense $ 4,000

9 10/31 Cash $ 10,000

Cash UnEarn Ser Rev

Supplies Owner's Capital

PrePaid Insur -Owner's Drawings

Equipment Service Revenues

Accounts Payable -Rent Exp

Notes Payable 5,000

Owner's Capital 10,000

Service Revenue 10,000

1 On October 1, C. R. Byrd invests $10,000 cash in an advertising

2 On October 1, Pioneer purchases office equipment costing

3 On October 2, Pioneer receives a $1,200 cash advance from

4 On October 3, Pioneer pays office rent for October in cash, $900.

5 On October 4, Pioneer pays $600 for a one-year insurance

6 On October 5, Pioneer purchases an estimated 3-month supply

7 On October 20, C. R. Byrd withdraws $500 cash for personal use

8 On October 26, Pioneer owes employee salaries of $4,000

9 On October 31, Pioneer receives $10,000 in cash from Copa

the purpose of transaction analysis is to identify the type of account

1 9/1/2012 Cash $ 20,000