Fundamental Accounting Principles
24th Edition
ISBN: 9781260158595
Author: Wild
Publisher: MCG
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Textbook Question
Chapter 2, Problem 13E
Exercise 2-13 Entering transactions into T-accounts A1
Fill in each of the following T-accounts for Belle Co.s seven transactions listed here. The T-accounts represent Belle Co/s general ledger. Code each entry with transaction number 1 through 7 (in order) for reference.
- D. Belle created a new business and invested $6,000 cash. $7,600 of equipment, and $1,000 in web servers.
- The company paid $4,800 cash in advance for prepaid insurance coverage.
- The company purchased $900 of supplies on account.
- The company paid $800 cash for selling expenses.
- The company received $4,500 cash for services provided.
- The company paid $900 cash toward accounts payable.
- The company paid $3,400 cash for equipment.
Cash | Supplies | Prepaid Insurance |
Equipment |
Web Servers |
Accounts Payable |
1 D. Belle, Capital |
Services Revenue |
Selling Expenses |
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On December 31, the company provides consulting services and bills its customer $3,000 for these services.
Complete the necessary journal entry by selecting the account names from the pull-down menus and entering dollar amounts in the
debit and credit columns.
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Journal entry worksheet
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In July, the following selected transactions were completed. All purchases and sales were on
account. At the beginning of July, the ledger of the company showed Cash RO. 2,500, purchase
RO. 1,700, Account Receivable RO. 2,000, and Accounts Payable RO. 2,200. The following
transactions were completed during July.
Date
Transactions
July 1
Purchased merchandise from XYZ Company RO. 7,600.
Received freight bill from Pegasus Shipping on XYZ purchase RO. 400.
Made sales to Echo Company RO. 1,300 and to Pitas Bros. RO. 2,000.
Purchased merchandise from Horizon Company RO. 3,200.
Received credit on merchandise returned to Horizon Company RO. 300.
Purchased store supplies from Bowe Supply RO. 910.
Purchased merchandise from XYZ Company RO. 3,600 and from Goran
Company RO. 3,300.
Made sales to Fiber Company RO. 3,450 and to Pitas Bros. RO. 1,570.…
Chapter 2 Solutions
Fundamental Accounting Principles
Ch. 2 - Prob. 1DQCh. 2 - What is the difference between a note payable and...Ch. 2 - Prob. 3DQCh. 2 - What kinds of transactions can be recorded in a...Ch. 2 - Are debits or credits typically listed first in...Ch. 2 - Should a transaction be recorded first in a...Ch. 2 - If assets are valuable resources asset accounts...Ch. 2 - Prob. 8DQCh. 2 - Prob. 9DQCh. 2 - Identify the four financial statements of a...
Ch. 2 - Prob. 11DQCh. 2 - Prob. 12DQCh. 2 - Prob. 13DQCh. 2 - Prob. 14DQCh. 2 - Prob. 15DQCh. 2 - Prob. 16DQCh. 2 - Prob. 17DQCh. 2 - Prob. 18DQCh. 2 - Identifying source documents C1 Identify the items...Ch. 2 - Identifying financial statement accounts C2...Ch. 2 - Reading a chart of accounts C3 A chart of accounts...Ch. 2 - Identifying normal balance C4 Identify the normal...Ch. 2 - QS 2–5
Linking debit or credit with normal...Ch. 2 - Prob. 6QSCh. 2 - Analyzing debit or credit by account A1 Identify...Ch. 2 - Prob. 8QSCh. 2 - Prob. 9QSCh. 2 - Prob. 10QSCh. 2 - Preparing journal entries P1 Prepare general...Ch. 2 - Preparing an income statement P3 Liu Zhang...Ch. 2 - Preparing a statement of owner's equity P3 Use the...Ch. 2 - Prob. 14QSCh. 2 - Prob. 15QSCh. 2 - Exercise 21 Steps in analyzing and recording...Ch. 2 - Prob. 2ECh. 2 - Exercise 2-3 Identifying a ledger and chart of...Ch. 2 - Prob. 4ECh. 2 - Prob. 5ECh. 2 - Prob. 6ECh. 2 - Prob. 7ECh. 2 - Exercise 28 Preparing Taccounts (ledger) and a...Ch. 2 - Prob. 9ECh. 2 - Exercise 2-10 Preparing a trial balance P2 After...Ch. 2 - Prob. 11ECh. 2 - Prob. 12ECh. 2 - Exercise 2-13 Entering transactions into...Ch. 2 - Exercise 2-14 Preparing general journal entries P1...Ch. 2 - Prob. 15ECh. 2 - Prob. 16ECh. 2 - Prob. 17ECh. 2 - Prob. 18ECh. 2 - Prob. 19ECh. 2 - Prob. 20ECh. 2 - Prob. 21ECh. 2 - Exercise 2-22 Calculating and interpreting the...Ch. 2 - Exercise 2-23 Preparing journal entries P1 Prepare...Ch. 2 - Prob. 1APSACh. 2 - Prob. 2APSACh. 2 - Prob. 3APSACh. 2 - Prob. 4APSACh. 2 - Prob. 6APSACh. 2 - Prob. 7APSACh. 2 - Prob. 1BPSBCh. 2 - Prob. 2BPSBCh. 2 - Prob. 3BPSBCh. 2 - Prob. 4BPSBCh. 2 - Problem 2-5B Computing net income from equity...Ch. 2 - Prob. 6BPSBCh. 2 - Problem 2-7B Preparing an income statement,...Ch. 2 - SP 2 On October 1, 2019, Santana Rey launched a...Ch. 2 - Using transactions from the following assignments...Ch. 2 - Prob. 2GLPCh. 2 - Prob. 3GLPCh. 2 - Prob. 4GLPCh. 2 - Prob. 5GLPCh. 2 - Prob. 6GLPCh. 2 - Prob. 7GLPCh. 2 - Prob. 8GLPCh. 2 - Refer to Apple's financial statements in Appendix...Ch. 2 - Prob. 2AACh. 2 - Key comparative figures for Apple, Google, and...Ch. 2 - Prob. 1BTNCh. 2 - Prob. 2BTNCh. 2 - Prob. 3BTNCh. 2 - Prob. 4BTNCh. 2 - Prob. 5BTNCh. 2 - Prob. 6BTNCh. 2 - Prob. 7BTN
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