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Accounting Analysis
Problem 3-7A
Accounting Equation
DatedAssets = Liabilities + Owners Equity
Oct 1IncreaseIncrease
Oct2IncreaseIncreaseIncrease
Oct3IncreaseIncreaseIncrease
Oct9No effect
Oct12Decrease
Oct13Increase
Oct17Increase
Oct23Increase
Oct24Increase
Oct26Decrease
Oct27Decrease
Oct30Decrease
Oct31Increase
Problem 3-8A
Journal Entries
Debit ($)Credit ($)
Cash 50000
Share Capital 50000
Rent Expense400
Cash400
Bank50000
Note Payable50000
Cash5000
Unearned Income5000
Prepaid Software10950
Cash10950
Billed Receivable12500
Service Income12500
Office Personnel Expense3000
Cash3000
Utility Bill Expense100
Cash100
General Ledger
Cash
50000
d) 5000 400
e) 10950
g) 3000
h) 100
Balance c/d 40550
Bank
50000
Share Capital
50000
Rent Expense
400
Note Payable
c). 50000
Unearned Income
5000
Prepaid Software
10950
Billed Receivable
12500
Service Income
f) 12500
Office Personnel Expense
3000
Utility Bill Expense
100
Trial Balance
As on 29Feb, 2008
S #
Name of Account
Debit
Credit
1
Cash
40550
2
Bank
50000
3
Share Capital
50000
4
Rent Expense
400
5
Note Payable
50000
6
Unearned Income
5000
7
Prepaid Software
10950
8
Bill Receivable
12500
9
Service Income
12500
10
Office Personnel Expense
3000
11
Utility Bill Expense
100
Total
117500
117500
Problem 3-9 A
Trial Balance
Account Titles
Debit $
Credit $
Cash
38700
Account Receivable
30500
Equipment and Fixture
50000
Wages Payable
10000
Notes Payable
50000
Capital Stock
40000
Service Revenue
60500
Wages and Salary Expense
24600
Advertising Expense
12500
Rent Expense
5200
Total
160500
160500
Cash Account
Capital ...
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