1. Prepare a trial balance based on the balances of these ledger accounts. Dr Cash A/C Cr Date Particulars Amount Date Particulars Amount 01-Sep To Capital Stock $7,050 02-Sep By Prepaid Rent $3,600 04-Sep To Unearned Fees $3,500 03-Sep By Prepaid Insurance $1,500 06-Sep To Accounts Receivables $800 10-Sep By Advertisement expense $120 17-Sep To Accounts Receivables $2,100 12-Sep By Accounts Payable $800 24-Sep To Fees Earned $1,850 13-Sep By Salary Expenses $400 25-Sep To Accounts Receivables $1,300 18-Sep By Supplies $750 30-Sep To Accounts Receivables $1,050 27-Sep By Salary expense $400 30-Sep By Utilities expense $200 By Closing Balance $9,880 $17,650 $17,650 Dr Supplies A/C Cr Date Particulars Amount Date Particulars Amount 01-Sep To Capital Stock $1,250 18-Sep To Cash $750 By Closing Balance $2,000 $2,000 $2,000 Dr Office Equipment A/C Cr Date Particulars Amount Date Particulars Amount 01-Sep To Capital Stock $7,200 05-Sep To Accounts Payable $1,800 By Closing Balance $9,000 $9,000 $9,000 Dr Accounts Receivable A/C Cr Date Particulars Amount Date Particulars Amount 01-Sep To Capital Stock $1,500 06-Sep By Cash $800 12-Sep To Fees earned $1,200 17-Sep By Cash $2,100 20-Sep To Fees earned $1,100 25-Sep By Cash $1,300 30-Sep To Fees earned $500 30-Sep By Cash $1,050 To Closing Balance $950 $5,250 $5,250 Dr Capital Stock A/C Cr Date Particulars Amount Date Particulars Amount 01-Sep By Cash $7,050 By Supplies $1,250 By Office Equipment $7,200 By Accounts Receivables $1,500 To Closing Balance $17,000 $17,000 $17,000 Dr Prepaid Rent A/C Cr Date Particulars Amount Date Particulars Amount 02-Sep $3,600 By Closing Balance $3,600 $3,600 $3,600 Dr Prepaid Insurance A/C Cr Date Particulars Amount Date Particulars Amount 03-Sep $1,500 By Closing Balance $1,500 $1,500 $1,500 Dr Unearned Fees A/C Cr Date Particulars Amount Date Particulars Amount 04-Sep By Cash $3,500 To Closing Balance $3,500 $3,500 $3,500 Dr Accounts Payable A/C Cr Date Particulars Amount Date Particulars Amount 12-Sep To Cash $800 05-Sep By Office Equipment $1,800 To Closing Balance $1,000 $1,800 $1,800 Dr Advertisement Expense A/C Cr Date Particulars Amount Date Particulars Amount 10-Sep To Cash $120 By Closing Balance $120 $120 $120 Dr Fees Earned A/C Cr Date Particulars Amount Date Particulars Amount 12-Sep By Accounts Receivables $1,200 20-Sep By Accounts Receivables $1,100 24-Sep By Cash $1,850 30-Sep By Accounts Receivables $500 To Closing Balance $4,650 $4,650 $4,650 Dr Salary Expense A/C Cr Date Particulars Amount Date Particulars Amount 13-Sep To Cash $400 27-Sep To Cash $400 By Closing Balance $800 $800 $800 Dr Utilities Expense A/C Cr Date Particulars Amount Date Particulars Amount 30-Sep To Cash $200 By Closing Balance $200 $200 $200

1. Prepare a trial balance based on the balances of these ledger accounts. Dr Cash A/C Cr Date Particulars Amount Date Particulars Amount 01-Sep To Capital Stock $7,050 02-Sep By Prepaid Rent $3,600 04-Sep To Unearned Fees $3,500 03-Sep By Prepaid Insurance $1,500 06-Sep To Accounts Receivables $800 10-Sep By Advertisement expense $120 17-Sep To Accounts Receivables $2,100 12-Sep By Accounts Payable $800 24-Sep To Fees Earned $1,850 13-Sep By Salary Expenses $400 25-Sep To Accounts Receivables $1,300 18-Sep By Supplies $750 30-Sep To Accounts Receivables $1,050 27-Sep By Salary expense $400 30-Sep By Utilities expense $200 By Closing Balance $9,880 $17,650 $17,650 Dr Supplies A/C Cr Date Particulars Amount Date Particulars Amount 01-Sep To Capital Stock $1,250 18-Sep To Cash $750 By Closing Balance $2,000 $2,000 $2,000 Dr Office Equipment A/C Cr Date Particulars Amount Date Particulars Amount 01-Sep To Capital Stock $7,200 05-Sep To Accounts Payable $1,800 By Closing Balance $9,000 $9,000 $9,000 Dr Accounts Receivable A/C Cr Date Particulars Amount Date Particulars Amount 01-Sep To Capital Stock $1,500 06-Sep By Cash $800 12-Sep To Fees earned $1,200 17-Sep By Cash $2,100 20-Sep To Fees earned $1,100 25-Sep By Cash $1,300 30-Sep To Fees earned $500 30-Sep By Cash $1,050 To Closing Balance $950 $5,250 $5,250 Dr Capital Stock A/C Cr Date Particulars Amount Date Particulars Amount 01-Sep By Cash $7,050 By Supplies $1,250 By Office Equipment $7,200 By Accounts Receivables $1,500 To Closing Balance $17,000 $17,000 $17,000 Dr Prepaid Rent A/C Cr Date Particulars Amount Date Particulars Amount 02-Sep $3,600 By Closing Balance $3,600 $3,600 $3,600 Dr Prepaid Insurance A/C Cr Date Particulars Amount Date Particulars Amount 03-Sep $1,500 By Closing Balance $1,500 $1,500 $1,500 Dr Unearned Fees A/C Cr Date Particulars Amount Date Particulars Amount 04-Sep By Cash $3,500 To Closing Balance $3,500 $3,500 $3,500 Dr Accounts Payable A/C Cr Date Particulars Amount Date Particulars Amount 12-Sep To Cash $800 05-Sep By Office Equipment $1,800 To Closing Balance $1,000 $1,800 $1,800 Dr Advertisement Expense A/C Cr Date Particulars Amount Date Particulars Amount 10-Sep To Cash $120 By Closing Balance $120 $120 $120 Dr Fees Earned A/C Cr Date Particulars Amount Date Particulars Amount 12-Sep By Accounts Receivables $1,200 20-Sep By Accounts Receivables $1,100 24-Sep By Cash $1,850 30-Sep By Accounts Receivables $500 To Closing Balance $4,650 $4,650 $4,650 Dr Salary Expense A/C Cr Date Particulars Amount Date Particulars Amount 13-Sep To Cash $400 27-Sep To Cash $400 By Closing Balance $800 $800 $800 Dr Utilities Expense A/C Cr Date Particulars Amount Date Particulars Amount 30-Sep To Cash $200 By Closing Balance $200 $200 $200

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 6EB: For the following accounts indicate whether the normal balance is a debit or a credit. A. Unearned...

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1. Prepare a trial balance based on the balances of these ledger accounts.

Dr	Cash A/C	Cr
Date	Particulars	Amount	Date	Particulars	Amount
01-Sep	To Capital Stock	$7,050	02-Sep	By Prepaid Rent	$3,600
04-Sep	To Unearned Fees	$3,500	03-Sep	By Prepaid Insurance	$1,500
06-Sep	To Accounts Receivables	$800	10-Sep	By Advertisement expense	$120
17-Sep	To Accounts Receivables	$2,100	12-Sep	By Accounts Payable	$800
24-Sep	To Fees Earned	$1,850	13-Sep	By Salary Expenses	$400
25-Sep	To Accounts Receivables	$1,300	18-Sep	By Supplies	$750
30-Sep	To Accounts Receivables	$1,050	27-Sep	By Salary expense	$400
			30-Sep	By Utilities expense	$200
				By Closing Balance	$9,880
		$17,650			$17,650


Dr	Supplies A/C	Cr
Date	Particulars	Amount	Date	Particulars	Amount
01-Sep	To Capital Stock	$1,250
18-Sep	To Cash	$750
				By Closing Balance	$2,000
		$2,000			$2,000

Dr	Office Equipment A/C	Cr
Date	Particulars	Amount	Date	Particulars	Amount
01-Sep	To Capital Stock	$7,200
05-Sep	To Accounts Payable	$1,800
				By Closing Balance	$9,000
		$9,000			$9,000

Dr	Accounts Receivable A/C	Cr
Date	Particulars	Amount	Date	Particulars	Amount
01-Sep	To Capital Stock	$1,500	06-Sep	By Cash	$800
12-Sep	To Fees earned	$1,200	17-Sep	By Cash	$2,100
20-Sep	To Fees earned	$1,100	25-Sep	By Cash	$1,300
30-Sep	To Fees earned	$500	30-Sep	By Cash	$1,050
	To Closing Balance	$950
		$5,250			$5,250


Dr	Capital Stock A/C	Cr
Date	Particulars	Amount	Date	Particulars	Amount
			01-Sep	By Cash	$7,050
				By Supplies	$1,250
				By Office Equipment	$7,200
				By Accounts Receivables	$1,500
	To Closing Balance	$17,000
		$17,000			$17,000

Dr	Prepaid Rent A/C	Cr
Date	Particulars	Amount	Date	Particulars	Amount
02-Sep		$3,600
				By Closing Balance	$3,600
		$3,600			$3,600

Dr	Prepaid Insurance A/C	Cr
Date	Particulars	Amount	Date	Particulars	Amount
03-Sep		$1,500
				By Closing Balance	$1,500
		$1,500			$1,500

Dr	Unearned Fees A/C	Cr
Date	Particulars	Amount	Date	Particulars	Amount
			04-Sep	By Cash	$3,500
	To Closing Balance	$3,500
		$3,500			$3,500

Dr	Accounts Payable A/C	Cr
Date	Particulars	Amount	Date	Particulars	Amount
12-Sep	To Cash	$800	05-Sep	By Office Equipment	$1,800
	To Closing Balance	$1,000
		$1,800			$1,800

Dr	Advertisement Expense A/C	Cr
Date	Particulars	Amount	Date	Particulars	Amount
10-Sep	To Cash	$120
				By Closing Balance	$120
		$120			$120


Dr	Fees Earned A/C	Cr
Date	Particulars	Amount	Date	Particulars	Amount
			12-Sep	By Accounts Receivables	$1,200
			20-Sep	By Accounts Receivables	$1,100
			24-Sep	By Cash	$1,850
			30-Sep	By Accounts Receivables	$500
	To Closing Balance	$4,650

		$4,650			$4,650

Dr	Salary Expense A/C	Cr
Date	Particulars	Amount	Date	Particulars	Amount
13-Sep	To Cash	$400
27-Sep	To Cash	$400
				By Closing Balance	$800
		$800			$800

Dr	Utilities Expense A/C	Cr
Date	Particulars	Amount	Date	Particulars	Amount
30-Sep	To Cash	$200

				By Closing Balance	$200
		$200			$200

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