a.

Cash 195,000
Office Equipment 9,700
Drafting Equipment 65,000
J. Aracel, Capital 269,700
Owner invested cash and equipment.

b. Land 49,000
Cash 8,300
Note Payable 40,700
Purchased land with cash and note payable.

c. Building 59,000
Cash 59,000
Purchased building.

d. Prepaid Insurance 2,300

Cash 2,300
Purchased 18-month insurance policy.

e. Cash 8,700
Engineering Fees Earned 8,700
Collected cash for completed work.

f. Drafting Equipment 21,000

Cash 10,700
Note Payable 10,300
Purchased equipment with cash and note payable.

g. Accounts Receivable 18,500

Engineering Fees Earned 18,500
Completed services for client.

h. Office Equipment 1,400

Accounts Payable 1,400
Purchased equipment on credit.

i. Accounts Receivable 20,000

Engineering Fees Earned 20,000
Billed client for completed work.

j. Equipment Rental Expense 1,612

Accounts Payable 1,612
Incurred equipment rental expense.

k. Cash 7,000
Accounts Receivable 7,000
Collected cash on account.
l. Wages Expense 2,200
Cash 2,200
Paid assistant’s wages.

m. Accounts Payable 1,400

Cash 1,400
Paid amount due on account.

n. Repairs Expense 1125

Cash 1,125
Paid for repair of equipment.

o. J. Aracel, Withdrawals 9,920

Cash 9,920
Owner withdrew cash for personal use.

p. Wages Expense 1,400

Cash 1,400
Paid assistant’s wages.

q. Advertising Expense 2,800

Cash 2,800
Paid for advertising expense.
Cash Accounts Payable
Date PR Debit Credit Balance Date PR Debit Credit Balance
(a) 195,000 195,000 (h) 1,400 1,400
(b) 8,300 186,700 (j) 1,612 3,012
(c) 59,000 127,700 (m) 1,400 1,612
(d) 2,300 125,400
(e) 8,700 134,100 Notes Payable
(f) 10,700 123,400 Date PR Debit Credit Balance
(k) 7,000 130,400 (b) 40,700 40,700
(l) 2,200 128,200 (f) 10,300 51,000
(m) 1,400 126,800
(n) 1125 125,675
(o) 9,920 115,755 J. Aracel, Capital
(p) 1,400 114,355 Date PR Debit Credit Balance
(q) 2,800 111,555 (a) 269,700 269,700

Accounts Receivable J. Aracel, Withdrawals

Date PR Debit Credit Balance Date PR Debit Credit Balance
(g) 18,500 18,500 (o) 9,920 9,920
(i) 20,000 38,500
(k) 7,000 31,500 Engineering Fees Earned
Date PR Debit Credit Balance
Prepaid Insurance (e) 8,700 8,700
Date PR Debit Credit Balance (g) 18,500 27,200
(d) 2,300 2,300 (i) 20,000 47,200

Office Equipment Wages Expense

Date PR Debit Credit Balance Date PR Debit Credit Balance
(a) 9,700 9,700 (l) 2,200 2,200
(h) 1,400 11,100 (p) 1,400 3,600

Drafting Equipment Equipment Rental Expense

Date PR Debit Credit Balance Date PR Debit Credit Balance
(a) 65,000 65,000 (j) 1,612 1,612
(f) 21,000 86,000

Building Advertising Expense

Date PR Debit Credit Balance Date PR Debit Credit Balance
(c) 59,000 59,000 (q) 2,800 2,800

Land Repairs Expense

Date PR Debit Credit Balance Date PR Debit Credit Balance
(b) 49,000 49,000 (n) 1125 1,125
 Trial Balance
Items debit credit
Cash 111,555
Accounts receivable 31,500
Prepaid Insurance 2,300
Office Euipment 11,100
Drafting equipment 86,000
Building 59,000
Land 49,000
Accounts payable 1,612
Notes payable 51,000
J. Aracel, Capital 269,700
J. Aracel, Withdrawals 9,920
Engineering fees earned 47,200
Wages expense 3,600
Equipment rental expense 1,612
Advertising expense 2,800
Rent expense 1125
total 369,512 369,512
a. Cash 175,000
Office Equipment 9,700
Drafting Equipment 64,000
J. Aracel, Capital 248,700
Owner invested cash and equipment.

b. Land 51,000
Cash 7,600
Note Payable 43,400
Purchased land with cash and note payable.

c. Building 52,000
Cash 52,000
Purchased building.

d. Prepaid Insurance 4,100

Cash 4,100
Purchased 18-month insurance policy.

e. Cash 9,800
Engineering Fees Earned 9,800
Collected cash for completed work.

f. Drafting Equipment 34,000

Cash 11,700
Note Payable 22,300
Purchased equipment with cash and note payable.

g. Accounts Receivable 15,000

Engineering Fees Earned 15,000
Completed services for client.

h. Office Equipment 1,450

Accounts Payable 1,450
Purchased equipment on credit.

i. Accounts Receivable 28,000

Engineering Fees Earned 28,000
Billed client for completed work.

j. Equipment Rental Expense 1,483

Accounts Payable 1,483
Incurred equipment rental expense.

k. Cash 10,000
Accounts Receivable 10,000
Collected cash on account.
l. Wages Expense 2,200
Cash 2,200
Paid assistant’s wages.

m. Accounts Payable 1,450

Cash 1,450
Paid amount due on account.

n. Repairs Expense 1195

Cash 1,195
Paid for repair of equipment.

o. J. Aracel, Withdrawals 9,640

Cash 9,640
Owner withdrew cash for personal use.

p. Wages Expense 1,800

Cash 1,800
Paid assistant’s wages.

q. Advertising Expense 2,700

Cash 2,700
Paid for advertising expense.
Cash Accounts Payable
Date PR Debit Credit Balance Date PR Debit Credit Balance
(a) 175,000 175,000 (h) 1,450 1,450
(b) 7,600 167,400 (j) 1,483 2,933
(c) 52,000 115,400 (m) 1,450 1,483
(d) 4,100 111,300
(e) 9,800 121,100 Notes Payable
(f) 11,700 109,400 Date PR Debit Credit Balance
(k) 10,000 119,400 (b) 43,400 43,400
(l) 2,200 117,200 (f) 22,300 65,700
(m) 1,450 115,750
(n) 1195 114,555
(o) 9,640 104,915 J. Aracel, Capital
(p) 1,800 103,115 Date PR Debit Credit Balance
(q) 2,700 100,415 (a) 248,700 248,700

Accounts Receivable J. Aracel, Withdrawals

Date PR Debit Credit Balance Date PR Debit Credit Balance
(g) 15,000 15,000 (o) 9,640 9,640
(i) 28,000 43,000
(k) 10,000 33,000 Engineering Fees Earned
Date PR Debit Credit Balance
Prepaid Insurance (e) 9,800 9,800
Date PR Debit Credit Balance (g) 15,000 24,800
(d) 4,100 4,100 (i) 28,000 52,800

Office Equipment Wages Expense

Date PR Debit Credit Balance Date PR Debit Credit Balance
(a) 9,700 9,700 (l) 2,200 2,200
(h) 1,450 11,150 (p) 1,800 4,000

Drafting Equipment Equipment Rental Expense

Date PR Debit Credit Balance Date PR Debit Credit Balance
(a) 64,000 64,000 (j) 1,483 1,483
(f) 34,000 98,000

Building Advertising Expense

Date PR Debit Credit Balance Date PR Debit Credit Balance
(c) 52,000 52,000 (q) 2,700 2,700

Land Repairs Expense

Date PR Debit Credit Balance Date PR Debit Credit Balance
(b) 51,000 51,000 (n) 1195 1,195
 Trial Balance
Items debit credit
Cash 100,415
Accounts receivable 33,000
Prepaid Insurance 4,100
Office Euipment 11,150
Drafting equipment 98,000
Building 52,000
Land 51,000
Accounts payable 1,483
Notes payable 65,700
J. Aracel, Capital 248,700
J. Aracel, Withdrawals 9,640
Engineering fees earned 52,800
Wages expense 4,000
Equipment rental expense 1,483
Advertising expense 2,700
Rent expense 1195
total 368,683 368,683
a. Cash 100,000
Office Equipment 5,000
Drafting Equipment 60,000
J. Aracel, Capital 165,000
Owner invested cash and equipment.

b. Land 49,000
Cash 6,300
Note Payable 42,700
Purchased land with cash and note payable.

c. Building 55,000
Cash 55,000
Purchased building.

d. Prepaid Insurance 3,000

Cash 3,000
Purchased 18-month insurance policy.

e. Cash 6,200
Engineering Fees Earned 6,200
Collected cash for completed work.

f. Drafting Equipment 20,000

Cash 9,500
Note Payable 10,500
Purchased equipment with cash and note payable.

g. Accounts Receivable 14,000

Engineering Fees Earned 14,000
Completed services for client.

h. Office Equipment 1,150

Accounts Payable 1,150
Purchased equipment on credit.

i. Accounts Receivable 22,000

Engineering Fees Earned 22,000
 Billed client for completed work.

j. Equipment Rental Expense 1,333

Accounts Payable 1,333
Incurred equipment rental expense.

k. Cash 7,000
Accounts Receivable 7,000
Collected cash on account.

l. Wages Expense 1,200

Cash 1,200
Paid assistant’s wages.

m. Accounts Payable 1,150

Cash 1,150
Paid amount due on account.

n. Repairs Expense 925

Cash 925
Paid for repair of equipment.

o. J. Aracel, Withdrawals 9,480

Cash 9,480
Owner withdrew cash for personal use.

p. Wages Expense 1,200

Cash 1,200
Paid assistant’s wages.

q. Advertising Expense 2,500

Cash 2,500
Paid for advertising expense.
Cash Accounts Payable
Date PR Debit Credit Balance Date PR Debit
(a) 100,000 100,000 (h)
(b) 6,300 93,700 (j)
(c) 55,000 38,700 (m) 1,150
(d) 3,000 35,700
(e) 6,200 41,900 Notes Payable
(f) 9,500 32,400 Date PR Debit
(k) 7,000 39,400 (b)
(l) 1,200 38,200 (f)
(m) 1,150 37,050
(n) 925 36,125
(o) 9,480 26,645 J. Aracel, Capital
(p) 1,200 25,445 Date PR Debit
(q) 2,500 22,945 (a)

Accounts Receivable J. Aracel, Withdrawals

Date PR Debit Credit Balance Date PR Debit
(g) 14,000 14,000 (o) 9,480
(i) 22,000 36,000
(k) 7,000 29,000 Engineering Fees Earned
Date PR Debit
Prepaid Insurance (e)
Date PR Debit Credit Balance (g)
(d) 3,000 3,000 (i)

Office Equipment Wages Expense

Date PR Debit Credit Balance Date PR Debit
(a) 5,000 5,000 (l) 1,200
(h) 1,150 6,150 (p) 1,200

Drafting Equipment Equipment Rental Expense

Date PR Debit Credit Balance Date PR Debit
(a) 60,000 60,000 (j) 1,333
(f) 20,000 80,000

Building Advertising Expense

Date PR Debit Credit Balance Date PR Debit
(c) 55,000 55,000 (q) 2,500

Land Repairs Expense

Date PR Debit Credit Balance Date PR Debit
(b) 49,000 49,000 (n) 925
 Trial Balance
Credit Balance Items debit credit
1,150 1,150 Cash 22,945
1,333 2,483 Accounts receivable 29,000
1,333 Prepaid Insurance 3,000
Office Euipment 6,150
Drafting equipment 80,000
Credit Balance Building 55,000
42,700 42,700 Land 49,000
10,500 53,200 Accounts payable 1,333
Notes payable 53,200
J. Aracel, Capital 165,000
J. Aracel, Withdrawals 9,480
Credit Balance Engineering fees earned 42,200
165,000 165,000 Wages expense 2,400
Equipment rental expense 1,333
Advertising expense 2,500
Credit Balance Rent expense 925
9,480 total 261,733 261,733

ed
Credit Balance
6,200 6,200
14,000 20,200
22,000 42,200

Credit Balance
1,200
2,400

ense
Credit Balance
1,333

Credit Balance
2,500

Credit Balance
925