Nhóm 5

NHÓM 5 – CA3 - THỨ 2
Phan Thị Thanh Phúc

Nguyễn Hà Sơn
Nguyễn Hùng Phi
Nguyễn Quang Tiến
Phạm Đức Nguyên Vũ
2.3
Account Type of Account Finnancial Statement

Cash Asset Balance Sheet
M. Kobayashi, Capital Owner’s Capital Balance Sheet
Accounts Payable Drawings Balance Sheet
Building Asset Balance Sheet
Insurance Expense Expenses Income Statement
Interest Revenue Revenues Income Statement
M. Kobayashi, Drawings Owner’s Capital Balance Sheet
Notes Receivable Asset Balance Sheet
Prepaid Insurance Asset Balance Sheet
Rent Expense Expenses Income Statement
Service Revenue Revenues Income Statement
Supplies Asset Balance Sheet
2.4
Date Description Type of Account Account D Account Amount Increase/Decrease

ebited Credited
Mar. 5 Owner invest Asset, Cash Owner's E $10,220 Cash (+$10,220), Owner's Equity (
ed $10,220 c Owner's Equity quity +$10,220)
ash
Mar. 7 Paid $350 for Asset, Expense Advertising Cash $350 Advertising Expense (+$350), Cash
Expense (-$350)
advertising
Mar. 9 Purchased Asset, Liability Supplies Accounts $1,050 Supplies (+$1,050),
supplies on Payable Accounts Payable (+$1,050)
account for
$1,050
Mar. 11 Purchased a Asset Vehicle Cash $8,770 Vehicle (+$8,770), Cash (-$8,770)
used car for
$8,770 cash
Mar. 13 Billed custo Asset, Revenue Accounts Service . $1,520 Accounts Receivable (+$1,520),
mers $1,520 f Receivable Revenue Service Revenue (+$1,520)
or
services
Mar. 25 Borrowed Asset, Liability Cash Notes. $10,880 Cash (+$10,880), Notes Payable.
$10,880 from Payable (+$10,880)
the bank
Mar. 26 Received $1, Asset Cash Accounts $1,140 Cash (+$1,140),
140 cash fro Receivabl Accounts Receivable (-$1,140)
m e
customers bil
led
Mar. 29 Paid for supp Asset, Liability Accounts P Cash $1,050 Accounts Payable (-$1,050),
lies purchase ayable Cash (-$1,050)
d on
Mar. 9
Mar. 30 Received $80 Asset, Liability Cash Unearned $800 Cash (+$800), Unearned Revenue.
0 Revenue (+$800)
cash for futur
e
services
Mar. 31 Paid Jackie Asset, Drawings Cash $1,720 Drawings (+$1,720), Cash(-$1,720)
MacKenzie $ Owner's Equity
1,720
for personal
use
2.6
Date Description Debit Credit

June 1 Rent Expense $550
Cash $550
June 2 Insurance Expense $175
Cash $175
June 5 Cash $1,255
Service Revenue $1,255
June 14 Accounts Payable $675
Cash $675
June 17 Accounts Receivable $1,420
Service Revenue
$1,420
June 19 Cash $1,000
Unearned Revenue $1,000

June 29 Equipment $1,575
Accounts Payable $1,575
June 30 Salaries Expense $850
Cash $850
June 30 Owner's Draw $1,250
Cash $1,250
2.7
1. March 1: Paid the monthly rent of $1,200.
o Cash decreases by $1,200.
o Rent Expense increases by $1,200.
2. March 3: Performed dog grooming services for $160 on account.
o Accounts Receivable increases by $160.
o Service Revenue increases by $160.
3. March 5: Performed dog grooming services for cash of $75.
o Cash increases by $75.
o Service Revenue increases by $75.
4. March 8: Purchased equipment for 300. Paid cash of 300. Paid cash of 100 and the balance
on account.
o Cash decreases by $100.
o Equipment increases by $300.
o Accounts Payable increases by $200.
5. March 12: Received cash from customers billed on March 3.
o Cash increases by $160.
o Accounts Receivable decreases by $160.
6. March 14: Paid salaries to employees of $525.
o Salaries Expense increases by $525.
7. March 22: Paid utilities of $172.
o Utilities Expense increases by $172.
8. March 26: Paid $220 for plumbing repairs.
o Repair Expense increases by $220.
9. March 28: Paid the balance of the amount owed from the equipment purchase on March 8.
o Accounts Payable decreases by $200.
10. March 30: Paid $1,800 for six months of insurance in advance.
o Cash decreases by $1,800.
o Prepaid Insurance increases by $1,800.
Summary of Effects on Accounts
• Total Cash Decrease:
1,200(rent) + 1,200(rent) + 100(equipment) + 160(customers) + 160(customers) + 525 (salaries)
+ 172(utilities) + 172(utilities) + 220 (repairs) + 200(equipment balance) + 200(equipment balance) +
1,800 (insurance) = $4,377
• Total Revenue:
o 160(on account) + 160(on account) +75 (cash) = $235
• Total Expenses:
o 1,200(rent)+1,200(rent)+525 (salaries) + 172(utilities)+172(utilities)+220 (repairs) =
$2,117
Final Balances
• Assets:
o Cash: Decrease by $4,377
o Accounts Receivable: Increase by $160
o Equipment: Increase by $300
o Prepaid Insurance: Increase by $1,800
• Liabilities:
o Accounts Payable: Increase by 200(then decrease by 200)
• Owner’s Equity:
o Service Revenue: Increase by $235
o Expenses: Increase by $2,117
2.8
1. Provided services to a client and received $1,820 cash.
Debit: Cash $1,820
Credit: Service Revenue $1,820
2. Paid $1,095 for October’s rent.

Debit: Rent Expense $1,095
Credit: Cash $1,095
3. Purchased $450 of supplies on account.
Debit: Supplies $450
Credit: Accounts Payable $450
4. Provided services to a client and billed the client $2,105.

Debit: Accounts Receivable $2,105
Credit: Service Revenue $2,105
5. Collected $1,225 from the client billed in transaction 4.

Debit: Cash $1,225
Credit: Accounts Receivable $1,225
6. Received $7,960 cash from a client for services to be provided in November.

Debit: Cash $7,960
Credit: Unearned Revenue $7,960
7. Paid $8,120 cash for insurance coverage for the next 12 months.
Debit: Prepaid Insurance $8,120
Credit: Cash $8,120
8. Paid for the supplies purchased on account in transaction 3.

Debit: Accounts Payable $450
Credit: Cash $450
9. Shehla Beaulieu, the owner, withdrew $2,800 cash for personal use.
Debit: Owner’s Withdrawals $2,800
Credit: Cash $2,800

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NHÓM 5 – CA3 - THỨ 2

Phan Thị Thanh Phúc

Account Type of Account Finnancial Statement

Date Description Type of Account Account D Account Amount Increase/Decrease

Date Description Debit Credit

Unearned Revenue $1,000

2. Paid $1,095 for October’s rent.

4. Provided services to a client and billed the client $2,105.

5. Collected $1,225 from the client billed in transaction 4.

6. Received $7,960 cash from a client for services to be provided in November.

8. Paid for the supplies purchased on account in transaction 3.

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