Luangege

Exercise 3-5A

Event Account Debited Account Credited

B Cash Unearned earnings

C Services Account payable

D Accounts payable

E Rent expense Cash

F Operating expenses Cash

G Salaries payable Cash

H Supplies Accounts payable

I Dividends Cash

J Cash Accounts receivable

Services accounts receivable Services revenue

K Cash Accounts receivable

L Salaries expenses Cash

M Rent expense rent

N Interest receivable Interest revenue

Exercise 3-21

General journal

Event No. Accounts Titles Debit Credit

1 Cash 30,000

Common stock 30,000

2 Accounts receivable 25,000

Service Revenue 25,000

3 Operating Expense 10,000

Accounts Payable 10,000

4 Cash 20,000

Retained Earnings 20,000

5 Land 8,000

Cash 8,000

6 Cash 22,000

Accounts Receivable 22,000

7 Cash 6,000

Unearned Earnings 6,000

8 Supplies 900

Accounts Payable 900

9 Accounts Payable 7,500

Cash 7,500

10 Dividend 5,000

Cash 5,000

11 Supplies Expense 500

Accounts Payable 500

12 Unearned Revenue 5,000

Services Revenue 5,000

13 Interest Receivable 900

Interest Revenue 900

Assets = Liabilities + Equity

Bal. 57,500

(1)30,000

(4)20,000

(6)25,000

(7)6,000

Cash Accounts payable Common stock Services revenue

(2)25,000

(12)5,000

(1)30,000

(3)10,000

(8)900

(11)500

(9)7,500

(5)8,000

(9)7,500

(10)5,000

Bal. 3,900

(12)5,000

Bal. 3,000

(6)22,000

(2)25,000

Accounts receivable Unearned revenue Dividend Operating expense

(3)10,000

(10)5,000

(11)500

(4)20,000

(7)6,000

(5)8,000

Land Unearned earnings...