ome File Edit View History Bookmarks People Window Help Cengage CengageNOW I Onl
ID: 2516328 • Letter: O
Question
ome File Edit View History Bookmarks People Window Help Cengage CengageNOW I Online teachin xC Search Textbook Solutions Cx DePaul D2L DePaul MyLabsPlus Timeshees MEGApaperside.co..Refersion-Login. Cengage Short Exercise 2-7 (Algorithmic) Preparing a Trial Dalance From the T accounts shown below, prepare a trial balance dated May 31, 2014 Cash Unearned Programming Service Revenue May 22 1,200 5,000 O May 2 May 19 May 22 1,300 Common Stock 6,300 May 2 10,000 Accounts Receivable Programming Service Revenue May 19 1,000 May 31 1,500 May 7 Office Equipment Rent Expense May 5 May 25 Accounts Payable 1,000 List all assets and labilities in order of liquidity. If an amount box does not require an entry, leave it blankExplanation / Answer
Exercise 2-10) General Journal (Amounts in $)
Exercise 2-5)
a) Accounts Payable will be debited and cash will be credited.
b) Cash will be debited and Accounts Receivable will be credited.
c) Accounts Payable will be debited and cash will be credited.
d) Supplies will be debited and Accounts Payable will be credited.
e) Accounts Receivable will be debited and Service Revenue will be credited.
f) Rent Expense will be debited and cash will be credited.
g) Cash will be debited and Unearned Service revenue will be credited.
h) Wages Expense will be debited and cash will be credited.
i) No entry hence no account will be affected.
j) Equipment will be debited and cash will be credited.
Date Account Title Debit Credit May 2 Cash 11,200 Common Stock 11,200 May 5 Computer 4,900 Cash 4,900 May 7 Supplies 600 Accounts Payable 600 May 19 Cash 1,000 Programming Service Revenue 1,000 May 22 Cash 1,100 Unearned Programming Service Revenue 1,100 May 25 Rent Expense 1,200 Cash 1,200 May 31 Accounts Receivable 550 Programming Service Revenue 550Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.