1

2
3
4
5
6
7
8
9
10
Normal Act Balance
Assets- Debit balance
Liabilities- Credit
Assets- Debit
OE - Credit- Revenues
OE - Debit- OE- Expenses
Credit- OE- Capital
Debit- Assets
Debit- OE- Expenses
Debit- Assets
Credit- Liabilities
 Cash Service Revenue
Dr. Cr. Dr. Cr.
500 8,720 9,500
800 495 3,200
8,920 6,750 4,500
5,355 1,050
10,435 18,250
10,045

Accounts Payable Salaries Expense

Dr. Cr. Dr. Cr.
1720 6740 4,550
495 2500 550
6750 3,750
275 425
9,275
 (a) (b) (c )

Normal Effect of a Effect of a

Debit or Debit on Credit on
Credit the the
Balance Account Account

1. Accounts Payable Credit Decrease Increase

2. Supplies Debit Increase Decrease
3. Capital Credit Decrease Increase
4. Drawings Debit Increase Decrease
5. Prepaid Rent Debit Increase Decrease
6. Utilities Expense Debit Increase Decrease
7. Service Revenue Credit Decrease Increase
8.Unearned Revenue Credit Decrease Increase
 (a)

Asset/Liability/Owner's
Equity
1 Accounts Payable
2 Cash
3 B. Schwenke, Capital
4 B. Schwenke, Drawings
5 Equipment
6 Rent Expense
7 Service Revenue
8 Supplies
 (b) (c )

Debit Effect
Normal Balance (Increase or
(debit or credit) Decrease)
1
2
3
4
5
6
7
8
 (a) (b)
Type of Acct Debit or Credit to Record
(Asset/Liability or OE) Change
Dat

6
Account Name Ref Debit Credit

Office Supplies 439

Cash 439

Account receivable 1,020

Service Revenue 1,020

Equipment 2,230
Account payable 2230

Expenses 293
Cash 293

Cash 750
Service Revenue 750

Cash 7100
Unearned Revenue ( Liabilit 7100
Date Account Name Ref Debit

1 Cash 1,820
Service Revenue

2 Rent expense 1,095

Cash

3 Supplies 450
Account payable

4 Account receivable 2,105

Service Revenue

5 Cash 1,225
Account receivable

6 Cash 7,960
Unearned Revenue

7 Prepaid insurance 8,120

Cash

8 Account payable ( supplies not recorded 450

Cash ( supplies fees paid so cash is credited)

9 Drawings 2,800
Cash
Credit

1,820

1,095

450

2,105

1,225

7,960

8,120

450

2,800
Date
Apr-01

3-Jan

9-Jan

15

18

20

22

29

30
Account Name Ref Debit Credit
Cash 24,000
Capital 24,000
Owner's investments
Office rent 1,800
Cash 1,800
Cash 7,000
Note payable 7,000
Equipment 5,000
Cash 5,000
Supplies 1,450
Cash 1,450
Advertising expense 1,600
Account payable 1,600
Cash 2,000
Account receivable 16,000
Service Revenue 18,000
Drawings 1,000
Cash 1,000
Account payable 1,600
Cash 1,600
Salaries expense 6,400
Cash 6,400
Cash 12,000
Account receivable 12,000
Utility expense 500
Cash 500
Interest expense 40
Cash 40
a. Record Transactions in the General Journal below

Date Account Name Ref Debit

2 Cash 10,000
Capital
3 Car/ Vehicles 3,000
Cash
9 Supplies 600
Account payable
11 Account receivable 2,400
Revenue
16 Advertising expense 350
Cash
20 Cash 900
Account receivable
28 Drawings 1,000
Cash
 Assume the company has been in operations and h
following balances in it's general ledger accounts at
$3,680, Accounts Receivable $1,300, Supplies $150,
Payable $1200, Service Revenue $1,050, Advertising
$120, Rent Expense $500, Capital $3500
Credit
b. With the information above, post the opening balances to the Ge
10,000 c. Post the journal entries recorded in question BE2-13 and calculate

3,000

600 CASH

Dr. Cr.
2,400 3,680.00 3,000.00
10,000.00 350.00
350 900.00 1,000.00
10,230.00
900

1,000
 Supplies

Dr. Cr.
150
600

750

Accounts Payable
Dr. Cr.
Jan 1. 1200
600

1,800

M.Acosta, Drawings
Dr. Cr.
1,000

1,000

Advertising Expense
Dr. Cr.
Jan 1. 120
350

470
pany has been in operations and had the
s in it's general ledger accounts at Jan 1: Cash
Receivable $1,300, Supplies $150, Accounts
ervice Revenue $1,050, Advertising Expense
se $500, Capital $3500

above, post the opening balances to the General Ledger T-accounts

s recorded in question BE2-13 and calculate the ending balances

d. After posting the Transaction

prepare the Trial Balance
Accounts Receiable

Dr. Cr. Trial

1,300.00 900
2,400
Account Name
Cash
Accounts Receivable
2,800.00 Supplies
Vehicles
Accounts Payable
 M.Acosta, Capital
Vehicles M.Acosta, Drawings
Dr. Cr. Service Revenue
3,000 Rent Expense
Advertising Expense

3,000

M.Acosta, Capital
Dr. Cr.
3,500
10,000

13,500

Service Revenue
Dr. Cr.
1,050
2,400

3,450

Rent Expense
Dr. Cr.
500

500
After posting the Transactions to the T-accounts and calculating the balances,
prepare the Trial Balance

Trial Balance

Account Name Debit Credit

10,230.00
Accounts Receivable 2,800.00
Supplies 750
Vehicles 3,000
Accounts Payable 1,800
M.Acosta, Capital 13,500
M.Acosta, Drawings 1,000
Service Revenue 3,450
Rent Expense 500
Advertising Expense 470

TOTAL 18,750.00 18,750.00

 CASH

Dr. Cr.

Bal - Bal
Accounts Receiable Service Revenue

Dr. Cr. Dr. Cr.

- 0 Bal
KOIZUMI KOLLECTIONS
TRIAL BALANCE
31-Jul-24
Totals
KOIZUMI KOLLECTIONS
TRIAL BALANCE
31-Jul-24
Debit Credit
$0 $ -