Chapter 3 & 4 Intermediate Accounting Wiley

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ChaNoel A. Torres Acevedo
Intermediate Accounting I

Homework:
Exercise 3-1:
Apr.| 2| Cash| 30,000| |
| | Equipment| 14,000| |
| | Christine Ewing, Capital| | 44,000|
| | | | |
| 2| No entry—not a transaction.| | |
| | | | |
| 3| Supplies| 700| |
| | Accounts Payable| | 700|
| | | | |
| 7| Rent Expense| 600| |
| | Cash| | 600|
| | | | |
| 11| Accounts Receivable| 1,100| |
| | Service Revenue| | 1,100|
| | | | |
| 12| Cash| 3,200| |
| | Unearned Service Revenue| | 3,200|
| | | | |
| 17| Cash| 2,300| |
| | Service Revenue| | 2,300|
| | | | |
| 21| Insurance Expense| 110| |
| | Cash| | 110|
| | | | |
| 30| Salaries Expense| 1,160| |
| | Cash| | 1,160|
|
| 30| Supplies Expense| 120| |
| | Supplies| | 120|
| | | | |
| 30| Equipment| 5,100| |
| | Christine Ewing, Capital| | 5,100|

Problem 3-1:
Journal Entries
Sept.| 1| Cash . .....................................................................................| 20,000| | | | Yasunari Kawabata, Capital| | 20,000|
| | | | |
| 2| Furniture and Equipment ...................................................| 17,280| | | | Accounts Payable ......................................................| | 17,280| | | | | |

| 4| Rent Expense| 680| |
| | Cash| | 680|
| | | | |
| 4| No Entry - No a transaction| | |
| | | | |
| 5| Supplies on Hand| 942| |
| | Cash| | 942|
| | | | |
| 8| Cash.........................| 1,690| |
| | Service Revenue| | 1,690|
| | | | |
| 10| Miscellaneous Office Expense.............................................| 430| | | | Cash| | 430|
| | | | |
| 14| Accounts Receivable| 5,820| |
| | Service Revenue| | 5,820|
| | | | |
| 18| Accounts Payable| 3,600| |
| | Cash| | 3,600|
| | | | |
| 19| Yasunari Kawabata, Withdrawals (Contracuenta capital)...| 3,000| | | | Cash...........................................................................| | 3,000| | | | | |

| 20| Cash.....................................................................................| 980| | | | Accounts Receivable .................................................| | 980| | | | | |

| 25| Accounts Receivable ..........................................................| 2,110| | | | Service Revenue .......................................................| | 2,110| | | | | |

| 30| Office Salaries Expense.......................................................| 1,800| | | | Miscellaneous Office Expense............................................| 85| | | | Cash..........................................................................| | 1,885| | | | | |

| 30| Supplies Expense.................................................................| 330| | | | Supplies on Hand.......................................................| | 330| |

T-Accounts
Cash| | Accounts Receivable| | Supplies on Hand|
(1)$20,000| (4) $ 680| | (14)$5,820| (20)$980| | (5) $942| (30)$330| (8) 1,690| (5) 942| | (25) 2,110| | | | |
(20) 980| (10) 430| | | | | | |
| (18)3,600| | | | | | |
| (19)3,000| | | | | | |
| (30)1,885| | | | | | |
22,670| 10,537| | 7930| 980| | 942| 330|
Bal.$12,133| | | Bal.$6,950| | | Bal. $612| |

Furniture and Equipment| | Accounts Payable| | Yasunari Kawabata, Capital| (2)$17,280| | | (18)$3,600...
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