SUMMARY TABLE ADDITIONAL PRACTICE PROBLEM

ASSETS LIABILITIES OWNER'S EQUITY

DATE DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
ACCOUNT AMOUNT ACCOUNT AMOUNT ACCOUNT AMOUNT ACCOUNT AMOUNT ACCOUNT AMOUNT ACCOUNT AMOUNT
Jan 1 Equipment 450,000.00 McQueen, Capital 450,000.00
Jan 8 Accounts Receivable 100,000.00 Service Revenue 100,000.00
Jan 15 Prepaid Marketing 10,000.00 Cash 10,000.00
Jan 19 Cash 2,000,000.00 Accounts Payable 2,000,000.00
Jan 29 NON - ACCOUNTING INFORMATION
Feb 4 Cash 600,000.00 Unearned Revenue 600,000.00
Mar 2 Accounts Payable 15,000.00 Utilities Expense 15,000.00
Mar 11 Cash 50,000.00 McQueen, Withdrawals 50,000.00
Mar 20 Cash 400,000.00 Unearned Revenue 600,000.00 Service Revenue 1,000,000.00
Mar 31 Cash 135,000.00 Salaries Expense 135,000.00
Accounts Payable 15,000.00 Utilities Expense 15,000.00
dr/cr BALANCE 3,560,000.00 195,000.00 615,000.00 2,615,000.00 200,000.00 1,565,000.00
NET BALANCE 3,365,000.00 2,000,000.00 1,365,000.00
FINAL BALANCE 3,365,000.00 3,365,000.00
SUMMARY TABLE STUDY HALL PROBLEM
ASSETS LIABILITIES OWNER'S EQUITY
DATE DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
ACCOUNT AMOUNT ACCOUNT AMOUNT ACCOUNT AMOUNT ACCOUNT AMOUNT ACCOUNT AMOUNT ACCOUNT AMOUNT
Cash 12,500,000.00 Belmont, Capital 25,000,000.00
Equipment 8,500,000.00
Jan 2
Vehicle 3,000,000.00
Office Supplies 1,000,000.00
Jan 8 Prepaid Insurance 2,000,000.00 Cash 2,000,000.00
Jan 15 [1] Cash 10,000,000.00 Long Term Debt 10,000,000.00
Jan 19 Prepaid Rent 1,008,000.00 Cash 1,008,000.00
Jan 29 Prepaid Marketing 450,000.00 Cash 450,000.00
Cash 1,000,000.00 Service Revenue 3,750,000.00
Feb 4 Cash 1,750,000.00
Notes Receivable 1,000,000.00
Mar 2 NON-ACCOUNTING INFORMATION
Mar 11 [2] Utilities Payable 50,000.00 Utilities Expense 50,000.00
Mar 20 [3] Cash 4,000,000.00 Service Revenue 4,000,000.00
Mar 31 Prepaid Rent 168,000.00 Rent Expense 168,000.00
dr/cr BALANCE 46,208,000.00 3,626,000.00 0.00 10,050,000.00 218,000.00 32,750,000.00
NET BALANCE 42,582,000.00 10,050,000.00 32,532,000.00
FINAL BALANCE 42,582,000.00 42,582,000.00
SUMMARY TABLE GOJO PROBLEM
ASSETS LIABILITIES OWNER'S EQUITY
DATE DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
ACCOUNT AMOUNT ACCOUNT AMOUNT ACCOUNT AMOUNT ACCOUNT AMOUNT ACCOUNT AMOUNT ACCOUNT AMOUNT
Cash 5,500,275.00 Gojo, Capital 10,000,500.00
Jan 1 Vehicle 3,500,000.00
Office Supplies 1,000,225.00
Jan 8 Equipment 1,375,068.75 Cash 1,375,068.75
Cash 825,137.50 Service Revenue 1,500,250.00
Jan 12
Accounts Receivable 675,112.50
Jan 15 NON - ACCOUNTING INFORMATION
Jan 20 Cash 600,100.00 Repairs Expense 600,100.00
Jan 27 Cash 4,000,000.00 Unearned Revenue 4,000,000.00
Jan 28 Cash 2,000,000.00 Unearned Revenue 4,000,000.00 Service Revenue 6,000,000.00
Jan 31 Cash 1,215,000.00 Salaries Expense 1,215,000.00
dr/cr BALANCE 18,875,818.75 3,190,168.75 4,000,000.00 4,000,000.00 1,815,100.00 17,500,750.00
NET BALANCE 15,685,650.00 0.00 15,685,650.00
FINAL BALANCE 15,685,650.00 15,685,650.00
SUMMARY TABLE EXERCISE SET 3 #1
ASSETS LIABILITIES OWNER'S EQUITY
DATE DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
ACCOUNT AMOUNT ACCOUNT AMOUNT ACCOUNT AMOUNT ACCOUNT AMOUNT ACCOUNT AMOUNT ACCOUNT AMOUNT
Aug 1 Cash 40,000.00 Eve, Capital 40,000.00
Aug 3 Equipment 175,500.00 Cash 87,750.00 Accounts Payable 87,750.00
Aug 4 Office Supplies 4,700.00 Cash 4,700.00
Aug 5 Prepaid Insurance 10,000.00 Cash 10,000.00
Cash 75,000.00 Service Revenue 112,000.00
Aug 7
Accounts Receivable 37,000.00
Aug 9 Cash 15,000.00 Rents Expense 15000
Aug 13 Cash 37,750.00 Accounts Payable 37,750.00
Aug 17 Cash 20,550.00 Salaries Expense 20,550.00
Aug 20 Cash 50,000.00 Accounts Payable 50,000.00
Cash 275,000.00 Service Revenue 285,500.00
Aug 24
Office Supplies 10,500.00
Aug 30 Cash 37,000.00 Accounts Receivable 37,000.00
dr/cr BALANCE 664,700.00 262,750.00 87,750.00 87,750.00 35,550.00 437,500.00
NET BALANCE 401,950.00 0.00 401,950.00
FINAL BALANCE 401,950.00 401,950.00
SUMMARY TABLE EXERCISE SET 3 #2
ASSETS LIABILITIES OWNER'S EQUITY
DATE DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
ACCOUNT AMOUNT ACCOUNT AMOUNT ACCOUNT AMOUNT ACCOUNT AMOUNT ACCOUNT AMOUNT ACCOUNT AMOUNT
Oct 1 Cash 40,000.00 Mode, Capital 40,000.00
Oct 5 Prepaid Rent 10,000.00 Cash 10,000.00
Oct 6 Cash 190,000.00 Unearned Revenue 190,000.00
Oct 7 Office Supplies 10,700.00 Cash 10,700.00
Oct 9 Cash 190,000.00 Service Revenue 190,000.00
Cash 225,000.00 Service Revenue 595,000.00
Oct 10
Accounts Receivable 370,000.00
Oct 15 Cash 75,000.00 Salaries Expense 75,000.00
Oct 17 Cash 55,000.00 Rent Expense 55,000.00
Oct 21 Equipment 90,000.00 Accounts Payable 90,000.00
Oct 27 Cash 185,000.00 Accounts Receivable 185,000.00
Oct 30 Cash 50,000.00 Mode, Withdrawals 50,000.00
dr/cr BALANCE 1,310,700.00 385,700.00 0.00 280,000.00 180,000.00 825,000.00
NET BALANCE 925,000.00 280,000.00 645,000.00
FINAL BALANCE 925,000.00 925,000.00
SUMMARY TABLE PROBLEM SET 3
ASSETS LIABILITIES OWNER'S EQUITY
DATE DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
ACCOUNT AMOUNT ACCOUNT AMOUNT ACCOUNT AMOUNT ACCOUNT AMOUNT ACCOUNT AMOUNT ACCOUNT AMOUNT
Feb 1 Cash 35,000.00 Andera, Capital 35,000.00
Feb 2 Equipment 32,500.00 Cash 5,000.00 Notes Payable 27,500.00
Feb 3 Office Supplies 1,850.00 Cash 1,850.00
Feb 14 Cash 65,000.00 Unearned Revenue 65,000.00
Feb 18 Cash 16,400.00 Service Revenue 16,400.00
Feb 20 Prepaid Insurance 14,000.00 Cash 14,000.00
Feb 22 Prepaid Rent 13,200.00 Cash 13,200.00
Feb 24 Office Supplies 2,150.00 Cash 1,000.00 Accounts Payable 1,150.00
Cash 17,000.00 Service Revenue 42,000.00
Feb 25
Accounts Receivable 25,000.00
Feb 26 Cash 18,000.00 Salaries Expense 18,000.00
dr/cr BALANCE 222,100.00 53,050.00 0.00 93,650.00 18,000.00 93,400.00
NET BALANCE 169,050.00 93,650.00 75,400.00
FINAL BALANCE 169,050.00 169,050.00
[1] previously accts payable

[2] previously accts payable

[3] why service revenue?