24 MONTH MYLAB (MAN)
7th Edition
ISBN: 9780136503521
Author: MILLER-NOBLES
Publisher: PEARSON
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Students have asked these similar questions
Inner Resources Company started its business on April 1, 2019. The following
transactions occurred during the month of April and recorded the following entries.
A. The owners invested $8,500 from their personal account to the business account
B. Paid rent $850 with check #101.
C. Initiated a petty cash fund $550 with check #102.
D. Received $800 cash for services rendered.
E. Purchased office supplies for $180 with check #103.
F. Purchased computer equipment $9,000, paid $1,600 with check #104 and will
pay the remainder in 30 days.
G. Received $1,200 cash for services rendered.
H. Paid wages $560, check #105.
I. Petty cash reimbursement: Office supplies $250, Maintenance Expense $140,
Miscellaneous Expense $65. Cash on Hand $37. Check #106.
J. Increased Petty Cash by $100, check #107.
A.
Cash
8,500
Inner Resources Company, Capital
8,500
В.
Rent Expense
850
Cash
850
C.
Petty Cash
550
Cash
550
D.
Cash
800
Services Income
800
E.
Office Supplies
180
Cash
180
F.
Computer Equipment
9,000…
- Record the transactions in a journal using the account titles below
- Post the transaction to its individual ledger accounts
-Prepare the unjusted trial balance as of december 31 2020
The following trial balance, prepared by the bookkeeper of Mason Company, does not balance.
Mason Company
Trial Balance
Cash
Accounts Payable
Insurance Expense
Supplies
Accounts Receivable
Salaries Payable
Notes Payable
Common Stock
Dividends
Retained Earnings
Service Revenue
Unearned Service Revenue
Prepaid Insurance
Salaries Expense
Supplies Expense
December 31, 2019
Debit
3,000
1,500
1,200
1,900
8,000
18,200
2,100
9,500
$45,400
Credit
$19,000
9,300
3,100
9,000
2,000
1,900
900
$45,200
Chapter 2 Solutions
24 MONTH MYLAB (MAN)
Ch. 2 - The detailed record of the changes in a particular...Ch. 2 - Which of the following accounts is a liability? a....Ch. 2 - The left side of an account is used to record...Ch. 2 - Which of the following statements is correct? a....Ch. 2 - Prob. 5QCCh. 2 - Prob. 6QCCh. 2 - Posting a 2,500 purchase of office supplies on...Ch. 2 - Prob. 8QCCh. 2 - Which sequence correctly summarizes the accounting...Ch. 2 - Nathville Laundry reported assets of 800 and...
Ch. 2 - Identify the three categories of the accounting...Ch. 2 - What is the purpose of the chart of accounts?...Ch. 2 - What does a ledger show? Whats the difference...Ch. 2 - Prob. 4RQCh. 2 - Prob. 5RQCh. 2 - Prob. 6RQCh. 2 - When are credits increases? When are credits...Ch. 2 - Prob. 8RQCh. 2 - What are source documents? Provide examples of...Ch. 2 - Prob. 10RQCh. 2 - Explain the five steps in journalizing and posting...Ch. 2 - Prob. 12RQCh. 2 - Prob. 13RQCh. 2 - What is the purpose of the trial balance?Ch. 2 - Prob. 15RQCh. 2 - If total debits equal total credits on the trial...Ch. 2 - What is the calculation for the debt ratio?...Ch. 2 - Identifying accounts Consider the following...Ch. 2 - Identifying increases and decreases in accounts...Ch. 2 - Identifying normal balances For each account,...Ch. 2 - Prob. 2.4SECh. 2 - Prob. 2.5SECh. 2 - Prob. 2.6SECh. 2 - Prob. 2.7SECh. 2 - Prob. 2.8SECh. 2 - Prob. 2.9SECh. 2 - Using accounting vocabulary March the accounting...Ch. 2 - Creating a chart of accounts Raymond Autobody Shop...Ch. 2 - Identifying accounts, increases in accounts, and...Ch. 2 - Identifying increases and decreases in accounts...Ch. 2 - Identifying source documents For each transaction,...Ch. 2 - Analyzing and journalizing transactions As the...Ch. 2 - Prob. 2.17ECh. 2 - Prob. 2.18ECh. 2 - Analyzing transactions from T-accounts The first...Ch. 2 - Prob. 2.21ECh. 2 - Prob. 2.22ECh. 2 - Prob. 2.23ECh. 2 - Prob. 2.24ECh. 2 - Prob. 2.25ECh. 2 - Prob. 2.26ECh. 2 - Prob. 2.27ECh. 2 - Prob. 2.28ECh. 2 - Prob. 2.29APCh. 2 - Prob. 2.30APCh. 2 - Prob. 2.31APCh. 2 - Prob. 2.32APCh. 2 - Prob. 2.33APCh. 2 - Prob. 2.34APCh. 2 - Prob. 2.35BPCh. 2 - Prob. 2.36BPCh. 2 - Prob. 2.37BPCh. 2 - Prob. 2.38BPCh. 2 - Prob. 2.39BPCh. 2 - Prob. 2.40BPCh. 2 - Prob. 2.41CPCh. 2 - Prob. 2.42PSCh. 2 - Prob. 2.1CTDCCh. 2 - Prob. 2.1CTEICh. 2 - Prob. 2.1CTFCCh. 2 - Prob. 2.1CTCA
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