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Problem 2-2A: Instructions

This document provides instructions and information for a multi-step accounting problem. It includes T-accounts to record transactions, an unadjusted trial balance, and questions. The T-accounts show transactions that increase and decrease various asset, expense and equity accounts. The unadjusted trial balance lists account balances and totals debits and credits. It asks for the balance of two specific revenue accounts and the total expenses.

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pratik2000
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138 views6 pages

Problem 2-2A: Instructions

This document provides instructions and information for a multi-step accounting problem. It includes T-accounts to record transactions, an unadjusted trial balance, and questions. The T-accounts show transactions that increase and decrease various asset, expense and equity accounts. The unadjusted trial balance lists account balances and totals debits and credits. It asks for the balance of two specific revenue accounts and the total expenses.

Uploaded by

pratik2000
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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Problem 2-2A

Name:
Section:

Score: 0%

Key Code: 2
Instructions

Answers are entered in the cells with gray backgrounds.


Cells with non-gray backgrounds are protected and cannot be edited.
Enter the appropriate amounts/formulas in the answer cells, or select from the drop-down list.
An asterisk (*) will appear next to or below an incorrect entry only in the outlined cells. Only ending balances
of T accounts will be graded. In the trial balance, enter a zero in answer cells you would otherwise leave blank.

1. Account Debit Credit


(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)
2.
Cash Sales Commissions

Rent Expense

Bal.

Supplies Office Salaries Expense

Bal.

Accounts Payable Automobile Expense

Bal.

Faith Schultz, Capital Supplies Expense

Faith Schultz, Drawing Miscellaneous Expense


3. HEAVENLY REALTY
Unadjusted Trial Balance
October 31, 2012
Debit Credit
Cash
Supplies
Accounts Payable
Faith Schultz, Capital
Faith Schultz, Drawing
Sales Commissions
Rent Expense
Office Salaries Expense
Automobile Expense
Supplies Expense
Miscellaneous Expense

4.
a.
b.
Problem 2-2A
Name: Solution
Section:

Score: ON

Key Code:
Instructions

Answers are entered in the cells with gray backgrounds.


Cells with non-gray backgrounds are protected and cannot be edited.
Enter the appropriate amounts/formulas in the answer cells, or select from the drop-down list.
An asterisk (*) will appear next to or below an incorrect entry only in the outlined cells. Only ending balances
of T accounts will be graded. In the trial balance, enter a zero in answer cells you would otherwise leave blank.

1. Account Debit Credit


(a) Cash 20,000
Faith Schultz, Capital 20,000

(b) Rent Expense 3,750


Cash 3,750

(c) Supplies 1,100


Accounts Payable 1,100

(d) Accounts Payable 400


Cash 400

(e) Cash 16,750


Sales Commissions 16,750

(f) Automobile Expense 1,000


Miscellaneous Expense 700
Cash 1,700

(g) Office Salaries Expense 2,150


Cash 2,150

(h) Supplies Expense 600


Supplies 600

(i) Faith Schultz, Drawing 1,000


Cash 1,000
2.
Cash Sales Commissions
(a) 20,000 (b) 3,750 (e) 16,750
(e) 16,750 (d) 400
(f) 1,700
(g) 2,150 Rent Expense
(i) 1,000 (b) 3,750
Bal. 27,750

Supplies Office Salaries Expense


( c) 1,100 ( c) 600 (g) 2,150
Bal. 500

Accounts Payable Automobile Expense


(d) 400 ( c) 1,100 (f) 1,000
Bal. 700

Faith Shultz, Capital Supplies Expense


(a) 20,000 (h) 600

Faith Shultz, Drawing Miscellaneous Expense


(f) 1,000 (f) 700
3. HEAVENLY REALTY
Unadjusted Trial Balance
October 31, 2012

Cash 27,750 -
Supplies 500 -
Accounts Payable - 700
Faith Schultz, Capital - 20,000
Faith Schultz, Drawing 1,000 -
Sales Commissions - 16,750
Rent Expense 3,750 -
Office Salaries Expense 2,150 -
Automobile Expense 1,000 -
Supplies Expense 600 -
Miscellaneous Expense 700 -
37,450 37,450

4.
a. $ 16,750
b. $ 8,200
c. $ 8,550

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