• Exercise 9-8a on Page. 509

* Exercise 9-8A on page. 509

* Exercise 9-10A on page. 510

* Exercises 10-6A through 10-8A on page. 564

* Exercises 10-4A and 10-5A on page. 563-564

* Exercises 10-22A through 10-24A on page. 568

9-8A

a.

Event | Assets = | Liab + | Equity | Rev - | Exp = | Net Inc | Cash Flow |

1. | + | NA | + | NA | NA | NA | +FA |

2 | + | + | NA | NA | NA | + | NA |

3a. | + | + | + | + | NA | + | +OA |

3b. | - | NA | - | NA | + | - | NA |

4. | NA | + | - | NA | + | - | NA |

5. | - | - | NA | NA | NA | NA | -OA |

6. | + | + | NA | NA | NA | NA | +FA |

7. | - | - | NA | NA | NA | NA | -OA |

8. | - | NA | - | NA | + | - | -OA |

9. | - | - | NA | NA | NA | NA | -OA |

10. | NA | + | - | NA | + | - | NA |

b. Midsouth Journal 2013

Event | Account Title | Debit | Credit |

1. | Cash | 60,000 | |

| Common Stock | | 60,000 |

2. | Merchandise Inventory | 160,000 | |

| Accounts Payable | | 160,000 |

3a. | Cash (220,000 x1.08) | 237,600 | |

| Sale Revenue | | 220,000 |

| Sales Tax Payable | | 17,600 |

3b. | Cost of Goods Sold | 140,000 | |

| Merchandise Inventory | | 140,000 |

4. | Warranty Expense (220,000 x 4%) | 8,800 | |

| Warranties payable | | 8,800 |

5. | Sales Tax Payable (180,000 x8%) | 14,400 | |

| Cash | | 14,400 |

6. | Cash | 40,000 | |

| Notes Payable | | 40,000 |

7. | Warranties Payable | 6,600 | |

| Cash | | 6,600 |

8. | Operating expense | 61,00 | |

| Cash | | 145,000 |

9. | Accounts Payable | 145,000 | |

| Cash | | 145,000 |

10. | Interest Expense | 800 | |

| | | |

Asset | = | Liabilities | + | Stockholder’s Equity |

Cash | | Accounts Payable | | Common Stock |

1. | 60,000 | 5. | 14,400 | | 9. | 145,000 | 2. | 160,000 | | | 1. | 60,000 |

3a | 237,600 | 7. | 6,600 | | | | Bal. | 15,000 | | | Bal. | 60,000 |

6 | 40,000 | 8. | 61,000 | | | | | |...