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Name Chapter 3 Brief Exercises
Section
Date
1 BE3-1 1
2 (a) 2
3 3
4 (b) 4
5 5
6 6
7 (c) 7
8 8
9 (d) 9
10 10
11 11
12 12
13 BE3-2 13
14 (a) (b) 14
15 Item Type of Adjustment Accounts Balances before Adjustment 15
16 16
17 1. 17
18 18
19 19
20 20
21 2. 21
22 22
23 23
24 24
25 3. 25
26 26
27 27
28 28
29 4. 29
30 30
31 31
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
40 40
101
Name Chapter 3 Brief Exercises Continued
Section
Date
BE3-3
Date Account Titles Debit Credit
1 Dec. 31 1
2 2
3 3
4 4
5 5
6 Advertising Supplies Advertising Supplies Expense 6
7 7
8 8
9 9
10 10
11 BE3-4 11
12 Date Account Titles Debit Credit 12
13 Dec. 31 13
14 14
15 15
16 16
17 Depr. Expense - Equipment Accum. Depreciation - Equipment 17
18 18
19 19
20 20
21 21
22 Balance Sheet: 22
23 23
24 24
25 25
26 26
27 BE3-5 27
28 Date Account Titles Debit Credit 28
29 July 1 29
30 30
31 31
32 Dec. 31 32
33 33
34 34
35 35
36 Prepaid Insurance Insurance Expense 36
37 37
38 38
39 39
40 40
102
Name Chapter 3 Brief Exercises Continued
Section
Date
BE3-6
Date Account Titles Debit Credit
1 July 1 1
2 2
3 3
4 4
5 Dec. 31 5
6 6
7 7
8 8
9 9
10 10
11 Unearned Insurance Revenue Insurance Revenue 11
12 12
13 13
14 14
15 15
16 BE3-7 16
17 Date Account Titles Debit Credit 17
18 Dec. 31 18
19 19
20 20
21 31 21
22 22
23 23
24 31 24
25 25
26 26
27 BE3-8 27
28 (a) (b) 28
29 Account Type of Adjustment Related Account 29
30 Accounts Receivable 30
31 Prepaid Insurance 31
32 Accum. Depr. - Equipment 32
33 Interest Payable 33
34 Unearned Service Revenue 34
35 35
36 36
37 37
38 38
39 39
40 40
103
Name Chapter 3 Brief Exercises Concluded
Section
Date
BE3-9
Harmony Company
Income Statement
For the Year Ended December 31, 2010
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 BE3-10 15
16 Harmony Company 16
17 Owner's Equity Statement 17
18 For the Year Ended December 31, 2010 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
26 *BE3-11 26
27 Date Account Titles Debit Credit 27
28 (a) 28
29 Apr. 30 29
30 30
31 31
32 32
33 (b) 33
34 Apr. 30 34
35 35
36 36
37 37
38 38
39 39
40 40
104
Name DO IT! 3-1 to 3-3
Section
Date
DO IT! 3-1
1 1. Cash basis accounting 1
2 2. Fiscal year 2
3 3. Revenue recognition principle 3
4 4. Matching principle 4
5 5
6 DO IT! 3-2 6
7 Account Titles and Explanation Debit Credit 7
8 1. 8
9 9
10 10
11 11
12 2. 12
13 13
14 14
15 15
16 3. 16
17 17
18 18
19 19
20 4. 20
21 21
22 22
23 23
24 24
25 DO IT! 3-3 25
26 Account Titles and Explanation Debit Credit 26
27 1. 27
28 28
29 29
30 30
31 2. 31
32 32
33 33
34 34
35 3. 35
36 36
37 37
38 38
39 39
40 40
105
Name DO IT! 3-4
Section
Date Danks Co.
DO IT! 3-4
1 (a) 1
2 Revenues 2
3 3
4 4
5 5
6 Expenses 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 (b) Assets: 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
26 Liabilities: 26
27 27
28 28
29 29
30 30
31 31
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
40 40
106
Name DO IT! 3-4 Concluded
Section
Date Danks Co.
(c)
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
26 26
27 27
28 28
29 29
30 30
31 31
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
40 40
107
Name Exercises 3-1 and 3-3
Section
Date
E3-1
1 1. 1
2 2
3 2. 3
4 4
5 3. 5
6 6
7 7
8 8
9 4. 9
10 10
11 5. 11
12 12
13 13
14 6. 14
15 15
16 16
17 17
18 18
19 19
20 20
E3-3
1 (a) Cash-basis net income: 1
2 2
3 3
4 4
5 5
6 6
7 7
8 (b) Accrual-basis net income: 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
108
Name Exercise 3-2
Section
Date Accrual-basis versus cash-basis
1 (a) 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 (b) 11
12 12
13 13
14 14
15 15
16 16
17 17
18 (c) 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
26 26
27 27
28 28
29 29
30 30
31 31
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
40 40
109
Name Exercises 3-4 and 3-5
Section
Date
E3-4
Item Type of Adjustment
1 1. 1
2 2. 2
3 3. 3
4 4. 4
5 5. 5
6 6. 6
7 7. 7
8 8. 8
9 9. 9
10 10. 10
11 11. 11
12 12
E3-5
Item Account Titles Debit Credit
1 1. 1
2 2
3 3
4 2. 4
5 5
6 6
7 3. 7
8 8
9 9
10 4. 10
11 11
12 12
13 5. 13
14 14
15 15
16 6. 16
17 17
18 18
19 7. 19
20 20
21 21
22 22
23 23
110
Name Exercises 3-6 and 3-7
Section
Date
E3-6
(a) (b)
Item Type of Adjustment Account Balances Before Adjustment
1 1. 1
2 2
3 3
4 2. 4
5 5
6 6
7 3. 7
8 8
9 9
10 4. 10
11 11
12 12
13 5. 13
14 14
15 15
16 6. 16
17 17
18 18
19 19
E3-7
Date Account Titles Debit Credit
1 Mar. 31 1
2 2
3 3
4 4
5 31 5
6 6
7 7
8 31 8
9 9
10 10
11 31 11
12 12
13 13
14 31 14
15 15
16 16
111
Name Exercises 3-8 and 3-9
Section
Date
E3-8
Date Account Titles Debit Credit
1 Jan. 31 1
2 2
3 3
4 31 4
5 5
6 6
7 31 7
8 8
9 9
10 31 10
11 11
12 12
13 31 13
14 14
15 15
16 31 16
17 17
E3-9
Date Account Titles Debit Credit
1 Oct. 31 1
2 2
3 3
4 31 4
5 5
6 6
7 31 7
8 8
9 9
10 31 10
11 11
12 12
13 31 13
14 14
15 15
16 31 16
17 17
18 18
19 31 19
20 20
112
Name Exercises 3-10 and 3-11
Section
Date
E3-10
Benning Co.
Income Statement
For the Month Ended July 31, 2010
1 Revenues: 1
2 2
3 Expenses: 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
E3-11
Answer Computation
1 (a) 1
2 2
3 3
4 4
5 5
6 (b) 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 (c) 14
15 15
16 16
17 17
18 18
19 19
20 (d) 20
21 21
22 22
23 23
24 24
25 25
113
Name Exercise 3-12
Section
Date Tabor Company
Date Account Titles Debit Credit
1 (a) 1
2 July 10 2
3 3
4 4
5 14 5
6 6
7 7
8 15 8
9 9
10 10
11 20 11
12 12
13 13
14 14
15 15
16 (b) 16
17 July 31 17
18 18
19 19
20 31 20
21 21
22 22
23 31 23
24 24
25 25
26 31 26
27 27
28 28
29 29
30 30
31 31
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
40 40
114
Name Exercises 3-13 and 3-14
Section
Date
E3-13
Date Account Titles Debit Credit
1 Aug. 31 1
2 2
3 3
4 31 4
5 5
6 6
7 31 7
8 8
9 9
10 31 10
11 11
12 12
13 13
14 31 14
15 15
16 16
17 31 17
18 18
19 19
20 20
E3-14
Garcia Company
Income Statement
For the Year Ended August 31, 2010
1 Revenues: 1
2 2
3 3
4 4
5 Expenses: 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
115
Name Exercise 3-14 Concluded
Section
Date Garcia Company
Garcia Company
Owner's Equity Statement
For the Year Ended August 31, 2010
1 1
2 2
3 3
4 4
Garcia Company
Balance Sheet
August 31, 2010
1 Assets 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 Liabilities and Owner's Equity 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
116
Name Exercises 3-15 and *3-16
Section
Date
E3-15
Account Titles Debit Credit
1 (a) 1
2 1. 2
3 3
4 4
5 2. 5
6 6
7 7
8 3. (a) 8
9 9
10 10
11 (b) 11
12 12
13 13
14 14
15 4. 15
16 16
17 17
18 5. 18
19 19
20 20
21 21
22 (b) 22
23 23
24 24
25 25
*E3-16
Account Titles Debit Credit
1 1. 1
2 2
3 3
4 2. 4
5 5
6 6
7 3. 7
8 8
9 9
10 10
117
Name *Exercise 3-17
Section
Date Natasha Company
(a)
Date Account Titles Debit Credit
1 Jan. 2 1
2 2
3 3
4 10 4
5 5
6 6
7 15 7
8 8
9 9
10 (b) 10
11 Date Account Titles Debit Credit 11
12 Jan. 31 12
13 13
14 14
15 31 15
16 16
17 17
18 31 18
19 19
CASH
PREPAID INSURANCE INSURANCE EXPENSE
SUPPLIES SUPPLIES EXPENSE
UNEARNED REVENUE SERVICE REVENUE
118
Name *Exercise 3-17 Concluded
Section
Date Natasha Company
(c)
Ending Balances
1 Insurance Expense 1
2 Supplies Expense 2
3 Service Revenue 3
4 Prepaid Insurance 4
5 Supplies 5
6 Unearned Revenue 6
7 7
8 8
9 9
10 10
119
Name Problem 3-1A
Section
Date Masasi Company
(a) General Journal J3
Date Account Titles Ref. Debit Credit
1 2010 1
2 June 30 2
3 3
4 4
5 30 5
6 6
7 7
8 30 8
9 9
10 10
11 30 11
12 12
13 13
14 30 14
15 15
16 16
17 30 17
18 18
19 19
20 30 20
21 21
22 22
23 23
24 24
25 25
26 26
27 27
28 28
29 29
30 30
31 31
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
40 40
120
Name Problem 3-1A Continued
Section
Date Masasi Company
(b)
Cash No. 100
Date Explanation Ref. Debit Credit Balance
2010
June 30 Balance √ 7,150
Accounts Receivable No. 112
Date Explanation Ref. Debit Credit Balance
2010
June 30 Balance √ 6,000
Supplies No. 126
Date Explanation Ref. Debit Credit Balance
2010
June 30 Balance √ 2,000
Prepaid Insurance No. 130
Date Explanation Ref. Debit Credit Balance
2010
June 30 Balance √ 3,000
Office Equipment No. 157
Date Explanation Ref. Debit Credit Balance
2010
June 30 Balance √ 15,000
Accumulated Depreciation - Office Furniture No, 158
Date Explanation Ref. Debit Credit Balance
Accounts Payable No. 201
Date Explanation Ref. Debit Credit Balance
2010
June 30 Balance √ 4,500
121
Name Problem 3-1A Continued
Section
Date Masasi Company
(b) (Continued)
Unearned Service Revenue No. 209
Date Explanation Ref. Debit Credit Balance
2010
June 30 Balance √ 4,000
Salaries Payable No. 212
Date Explanation Ref. Debit Credit Balance
Utilities Payable No. 244
Date Explanation Ref. Debit Credit Balance
T. Masasi, Capital No. 301
Date Explanation Ref. Debit Credit Balance
2010
June 30 Balance √ 21,750
Service Revenue No. 400
Date Explanation Ref. Debit Credit Balance
2010
June 30 Balance √ 7,900
Supplies Expense No. 631
Date Explanation Ref. Debit Credit Balance
Depreciation Expense No. 711
Date Explanation Ref. Debit Credit Balance
122
Name Problem 3-1A Continued
Section
Date Masasi Company
(b) (Continued)
Insurance Expense No. 722
Date Explanation Ref. Debit Credit Balance
Salaries Expense No. 726
Date Explanation Ref. Debit Credit Balance
2010
June 30 Balance √ 4,000
Rent Expense No. 729
Date Explanation Ref. Debit Credit Balance
2010
June 30 Balance √ 1,000
Utilities Expense No. 732
Date Explanation Ref. Debit Credit Balance
123
Name Problem 3-1A Concluded
Section
Date Masasi Company
(c)
Masasi Company
Adjusted Trial Balance
June 30, 2010
Debit Credit
1 Cash 1
2 Accounts Receivable 2
3 Supplies 3
4 Prepaid Insurance 4
5 Office Equipment 5
6 Accumulated Depreciation - Office Equipment 6
7 Accounts Payable 7
8 Unearned Service Revenue 8
9 Salaries Payable 9
10 Utilities Payable 10
11 T. Masasi, Capital 11
12 Service Revenue 12
13 Supplies Expense 13
14 Depreciation Expense 14
15 Insurance Expense 15
16 Salaries Expense 16
17 Rent Expense 17
18 Utilities Expense 18
19 Totals 19
20 20
21 21
22 22
23 23
24 24
25 25
26 26
27 27
28 28
29 29
30 30
31 31
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
124
Name Problem 3-2A
Section
Date Neosho River Resort
(a) General Journal J1
Date Account Titles Ref Debit Credit
1 Aug. 31 1
2 2
3 3
4 31 4
5 5
6 6
7 31 7
8 8
9 9
10 31 10
11 11
12 12
13 31 13
14 14
15 15
16 31 16
17 17
18 18
19 31 19
20 20
21 21
22 31 22
23 23
24 24
25 25
26 26
(b)
Cash No. 101
Date Explanation Ref. Debit Credit Balance
Aug. 31 Balance √ 19,600
Accounts Receivable No. 112
Date Explanation Ref. Debit Credit Balance
125
Name Problem 3-2A Continued
Section
Date Neosho River Resort
(b) (Continued)
Supplies No. 126
Date Explanation Ref. Debit Credit Balance
Aug. 31 Balance √ 3,300
Prepaid Insurance No. 130
Date Explanation Ref. Debit Credit Balance
Aug.31 Balance √ 6,000
Land No. 140
Date Explanation Ref. Debit Credit Balance
Aug.31 Balance √ 25,000
Cottages No. 143
Date Explanation Ref. Debit Credit Balance
Aug. 31 Balance √ 125,000
Accumulated Depreciation - Cottages No. 144
Date Explanation Ref. Debit Credit Balance
Furniture No. 149
Date Explanation Ref. Debit Credit Balance
Aug. 31 Balance √ 26,000
Accumulated Depreciation - Furniture No. 150
Date Explanation Ref. Debit Credit Balance
Accounts Payable No. 201
Date Explanation Ref. Debit Credit Balance
Aug. 31 Balance √ 6,500
Unearned Rent Revenue No. 209
Date Explanation Ref. Debit Credit Balance
Aug. 31 Balance √ 7,400
Salaries Payable No. 212
Date Explanation Ref. Debit Credit Balance
126
Name Problem 3-2A Continued
Section
Date Neosho River Resort
(b) (Continued)
Interest Payable No. 230
Date Explanation Ref. Debit Credit Balance
Mortgage Payable No. 275
Date Explanation Ref. Debit Credit Balance
Aug. 31 Balance √ 80,000
P. Harder, Capital No. 301
Date Explanation Ref. Debit Credit Balance
Aug. 31 Balance √ 100,000
P. Harder, Drawing No. 306
Date Explanation Ref. Debit Credit Balance
Aug. 31 Balance √ 5,000
Rent Revenue No. 429
Date Explanation Ref. Debit Credit Balance
Aug. 31 Balance √ 80,000
Depreciation Expense - Cottages No. 620
Date Explanation Ref. Debit Credit Balance
Depreciation Expense - Furniture No. 621
Date Explanation Ref. Debit Credit Balance
Repair Expense No. 622
Date Explanation Ref. Debit Credit Balance
Aug. 31 Balance √ 3,600
Supplies Expense No. 631
Date Explanation Ref. Debit Credit Balance
Interest Expense No. 718
Date Explanation Ref. Debit Credit Balance
127
Name Problem 3-2A Continued
Section
Date Neosho River Resort
(b) (Continued)
Insurance Expense No. 722
Date Explanation Ref. Debit Credit Balance
Salaries Expense No. 726
Date Explanation Ref. Debit Credit Balance
Aug. 31 Balance √ 51,000
Utilities Expense No. 732
Date Explanation Ref. Debit Credit Balance
Aug. 31 Balance √ 9,400
(c)
Neosho River Resort
Adjusted Trial Balance
August 31, 2010
Debit Credit
1 Cash 1
2 Accounts Receivable 2
3 Supplies 3
4 Prepaid Insurance 4
5 Land 5
6 Cottages 6
7 Accumulated Depreciation - Cottages 7
8 Furniture 8
9 Accumulated Depreciation - Furniture 9
10 Accounts Payable 10
11 Unearned Rent Revenue 11
12 Salaries Payable 12
13 Interest Payable 13
14 Mortgage Payable 14
15 P. Harder, Capital 15
16 P. Harder, Drawing 16
17 Rent Revenue 17
18 Depreciation Expense - Cottages 18
19 Depreciation Expense - Furniture 19
20 Repair Expense 20
21 Supplies Expense 21
22 Interest Expense 22
23 Insurance Expense 23
24 Salaries Expense 24
25 Utilities Expense 25
26 Totals 26
128
Name Problem 3-2A Continued
Section
Date Neosho River Resort
(d)
Neosho River Resort
Income Statement
For the Three Months Ended August 31, 2010
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
Neosho River Resort
Owner's Equity Statement
For the Three Months Ended August 31, 2010
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
129
Name Problem 3-2A Concluded
Section
Date Neosho River Resort
(d) (Continued)
Neosho River Resort
Balance Sheet
August 31, 2010
1 Assets 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 Liabilities and Owner's Equity 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
26 26
27 27
28 28
29 29
30 30
31 31
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
40 40
130
Name Problem 3-3A
Section
Date Fernetti Advertising Agency
(a)
Date Accounts Titles Debit Credit
1 Dec. 31 1
2 2
3 3
4 31 4
5 5
6 6
7 31 7
8 8
9 9
10 31 10
11 11
12 12
13 31 13
14 14
15 15
16 31 16
17 17
18 18
19 31 19
20 20
21 21
(b)
Fernetti Advertising Agency
Income Statement
For the Year Ended December 31, 2010
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
131
Name Problem 3-3A Continued
Section
Date Fernetti Advertising Agency
(b) (Continued)
Fernetti Advertising Agency
Owner's Equity Statement
For the Year Ended December 31, 2010
1 1
2 2
3 3
4 4
5 5
6 6
Fernetti Advertising Agency
Balance Sheet
December 31, 2010
1 Assets 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 Liabilities and Owner's Equity 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
132
Name Problem 3-3A Concluded
Section
Date Fernetti Advertising Agency
(c)
1 (1) 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 (2) 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
133
Name Problem 3-4A
Section
Date Remington Company
General Journal
Date Accounts Titles and Explanation Debit Credit
1 1. 1
2 Dec. 31 2
3 3
4 4
5 5
6 6
7 7
8 2. 8
9 Dec. 31 9
10 10
11 11
12 12
13 13
14 14
15 3. 15
16 Dec. 31 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 4. 24
25 Dec. 31 25
26 26
27 27
28 28
29 29
30 30
31 31
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
40 40
134
Name Problem 3-5A
Section
Date Rand Equipment Repair
(a), (c) and (e)
Cash No. 101
Date Explanation Ref. Debit Credit Balance
Sept. 1 Balance √ 4,880
Accounts Receivable No. 112
Date Explanation Ref. Debit Credit Balance
Sept. 1 Balance √ 3,520
Supplies No. 126
Date Explanation Ref. Debit Credit Balance
Sept. 1 Balance √ 2,000
Store Equipment No. 153
Date Explanation Ref. Debit Credit Balance
Sept. 1 Balance √ 15,000
Accumulated Depreciation - Equipment No. 154
Date Explanation Ref. Debit Credit Balance
Sept. 1 Balance √ 1,500
Accounts Payable No. 201
Date Explanation Ref. Debit Credit Balance
Sept. 1 Balance √ 3,400
135
Name Problem 3-5A Continued
Section
Date Rand Equipment Repair
(a), (c) and (e) (Continued)
Unearned Service Revenue No. 209
Date Explanation Ref. Debit Credit Balance
Sept. 1 Balance √ 1,400
Salaries Payable No. 212
Date Explanation Ref. Debit Credit Balance
Sept. 1 Balance √ 500
J. Rand, Capital No. 301
Date Explanation Ref. Debit Credit Balance
Sept. 1 Balance √ 18,600
Service Revenue No. 407
Date Explanation Ref. Debit Credit Balance
Depreciation Expense No. 615
Date Explanation Ref. Debit Credit Balance
Supplies Expense No. 631
Date Explanation Ref. Debit Credit Balance
Salaries Expense No. 726
Date Explanation Ref. Debit Credit Balance
Rent Expense No. 729
Date Explanation Ref. Debit Credit Balance
136
Name Problem 3-5A Continued
Section
Date Rand Equipment Repair
(b) General Journal J1
Date Account Titles Ref. Debit Credit
1 Sept. 8 1
2 2
3 3
4 4
5 10 5
6 6
7 7
8 12 8
9 9
10 10
11 15 11
12 12
13 13
14 17 14
15 15
16 16
17 20 17
18 18
19 19
20 22 20
21 21
22 22
23 25 23
24 24
25 25
26 27 26
27 27
28 28
29 29 29
30 30
31 31
32 32
33 33
34 34
35 35
137
Name Problem 3-5A Continued
Section
Date Rand Equipment Repair
(d) & (f)
Rand Equipment Repair
Trial Balances
September 30, 2010
Before Adjustment After Adjustment
Dr. Cr. Dr. Cr.
1 Cash 1
2 Accounts Receivable 2
3 Supplies 3
4 Store Equipment 4
5 Accumulated Depreciation 5
6 Accounts Payable 6
7 Unearned Service Revenue 7
8 Salaries Payable 8
9 J. Rand, Capital 9
10 Service Revenue 10
11 Depreciation Expense 11
12 Supplies Expense 12
13 Salaries Expense 13
14 Rent Expense 14
15 Totals 15
16 16
17 17
18 18
19 19
20 20
(e) General Journal J1
Date Account Titles Ref Debit Credit
1 1. 1
2 Sept. 30 2
3 3
4 2. 4
5 Sept. 30 5
6 6
7 3. 7
8 Sept. 30 8
9 9
10 4. 10
11 Sept. 30 11
12 12
13 13
138
Name Problem 3-5A Continued
Section
Date Rand Equipment Repair
(g)
Rand Equipment Repair
Income Statement
For the Month Ended September 30, 2010
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
Rand Equipment Repair
Owner's Equity Statement
For the Month Ended September 30, 2010
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
139
Name Problem 3-5A Concluded
Section
Date Rand Equipment Repair
(g) (Continued)
Rand Equipment Repair
Balance Sheet
September 30, 2010
1 Assets 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 Liabilities and Owner's Equity 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
140
Name *Problem 3-6A
Section
Date Givens Graphics Company
(a)
Date Account Titles and Explanations Debit Credit
1 1. 1
2 June 30 2
3 3
4 4
5 5
6 2. 6
7 June 30 7
8 8
9 9
10 10
11 3. 11
12 June 30 12
13 13
14 14
15 15
16 4. 16
17 June 30 17
18 18
19 19
20 20
21 5. 21
22 June 30 22
23 23
24 24
25 25
26 6. 26
27 June 30 27
28 28
29 29
30 30
31 31
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
40 40
141
Name *Problem 3-6A Continued
Section
Date Givens Graphics Company
(b)
Givens Graphics Company
Adjusted Trial Balance
June 30, 2010
Debit Credit
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
142
Name *Problem 3-6A Continued
Section
Date Givens Graphics Company
(c)
Givens Graphics Company
Income Statement
For the Six Months Ended June 30, 2010
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
Givens Graphics Company
Owner's Equity Statement
For the Six Months Ended June 30, 2010
1 1
2 2
3 3
4 4
5 5
6 6
7 7
143
Name *Problem 3-6A Concluded
Section
Date Givens Graphics Company
(c) (Continued)
Givens Graphics Company
Balance Sheet
June 30, 2010
1 Assets 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 Liabilities and Owner's Equity 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
26 26
27 27
144
Name Problem 3-1B
Section
Date Hambone Consulting
(a) General Journal J4
Date Account Titles and Explanations Ref. Debit Credit
1 2010 1
2 May 31 2
3 3
4 4
5 31 5
6 6
7 7
8 8
9 31 9
10 10
11 11
12 12
13 31 13
14 14
15 15
16 16
17 31 17
18 18
19 19
20 20
21 31 21
22 22
23 23
24 24
25 31 25
26 26
27 27
28 28
29 29
30 30
31 31
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
40 40
145
Name Problem 3-1B Continued
Section
Date Hambone Consulting
(b)
Cash No. 101
Date Explanation Ref. Debit Credit Balance
2010
May 31 Balance √ 5,700
Accounts Receivable No. 112
Date Explanation Ref. Debit Credit Balance
2010
May 31 Balance √ 6,000
Supplies No. 126
Date Explanation Ref. Debit Credit Balance
2010
May 31 Balance √ 1,900
Prepaid Insurance No. 130
Date Explanation Ref. Debit Credit Balance
2010
May 31 Balance √ 3,600
Office Furniture No. 149
Date Explanation Ref. Debit Credit Balance
2010
May 31 Balance √ 10,200
Accumulated Depreciation - Office Furniture No, 150
Date Explanation Ref. Debit Credit Balance
Accounts Payable No. 201
Date Explanation Ref. Debit Credit Balance
2010
May 31 Balance √ 4,500
146
Name Problem 3-1B Continued
Section
Date Hambone Consulting
(b) (Continued)
Unearned Service Revenue No. 209
Date Explanation Ref. Debit Credit Balance
2010
May 31 Balance √ 2,000
Salaries Payable No. 212
Date Explanation Ref. Debit Credit Balance
Travel Payable No. 229
Date Explanation Ref. Debit Credit Balance
K. Ham, Capital No. 301
Date Explanation Ref. Debit Credit Balance
2010
May 31 Balance √ 17,700
Service Revenue No. 400
Date Explanation Ref. Debit Credit Balance
2010
May 31 Balance √ 7,500
Supplies Expense No. 631
Date Explanation Ref. Debit Credit Balance
Depreciation Expense No. 717
Date Explanation Ref. Debit Credit Balance
147
Name Problem 3-1B Continued
Section
Date Hambone Consulting
(b) (Continued)
Insurance Expense No. 722
Date Explanation Ref. Debit Credit Balance
Salaries Expense No. 726
Date Explanation Ref. Debit Credit Balance
2010
May 31 Balance √ 3,400
Rent Expense No. 729
Date Explanation Ref. Debit Credit Balance
2010
May 31 900
Travel Expense No. 736
Date Explanation Ref. Debit Credit Balance
148
Name Problem 3-1B Concluded
Section
Date Hambone Consulting
(c)
Hambone Consulting
Adjusted Trial Balance
May 31, 2010
Debit Credit
1 Cash 1
2 Accounts Rdeceivable 2
3 Prepaid Insurance 3
4 Supplies 4
5 Office Furniture 5
6 Accumulated Depreciation - Office Furniture 6
7 Accounts Payable 7
8 Travel Payable 8
9 Salaries Payable 9
10 Unearned Service Revenue 10
11 K. Ham, Capital 11
12 Service Revenue 12
13 Salaries Expense 13
14 Rent Expense 14
15 Depreciation Expense 15
16 Insurance Expense 16
17 Travel Expense 17
18 Supplies Expense 18
19 Totals 19
20 20
21 21
22 22
23 23
24 24
25 25
26 26
27 27
28 28
29 29
30 30
31 31
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
40 40
149
Name Problem 3-2B
Section
Date Mound View Motel
(a) General Journal J1
Date Account Titles Ref Debit Credit
1 May 31 1
2 2
3 3
4 31 4
5 5
6 6
7 31 7
8 8
9 9
10 31 10
11 11
12 12
13 31 13
14 14
15 15
16 31 16
17 17
18 18
19 31 19
20 20
21 21
22 22
23 23
24 24
25 25
26 26
(b)
Cash No. 101
Date Explanation Ref. Debit Credit Balance
May 31 Balance √ 3,500
Supplies No. 126
Date Explanation Ref. Debit Credit Balance
May 31 Balance √ 2,200
150
Name Problem 3-2B Continued
Section
Date Mound View Motel
(b) (Continued)
Prepaid Insurance No. 130
Date Explanation Ref. Debit Credit Balance
May 31 Balance √ 2,280
Land No. 140
Date Explanation Ref. Debit Credit Balance
May 31 Balance √ 12,000
Lodge No. 141
Date Explanation Ref. Debit Credit Balance
May 31 Balance √ 60,000
Accumulated Depreciation - Lodge No. 142
Date Explanation Ref. Debit Credit Balance
Furniture No. 149
Date Explanation Ref. Debit Credit Balance
May 31 Balance √ 15,000
Accumulated Depreciation - Furniture No. 150
Date Explanation Ref. Debit Credit Balance
Accounts Payable No. 201
Date Explanation Ref. Debit Credit Balance
May 31 Balance √ 4,800
Unearned Rent Revenue No. 209
Date Explanation Ref. Debit Credit Balance
May 31 Balance √ 3,300
Salaries Payable No. 212
Date Explanation Ref. Debit Credit Balance
Interest Payable No. 230
Date Explanation Ref. Debit Credit Balance
151
Name Problem 3-2B Continued
Section
Date Mound View Motel
(b) (Continued)
Mortgage Payable No. 275
Date Explanation Ref. Debit Credit Balance
May 31 Balance √ 35,000
Kevin Henry, Capital No. 301
Date Explanation Ref. Debit Credit Balance
May 31 Balance √ 46,380
Rent Revenue No. 429
Date Explanation Ref. Debit Credit Balance
May 31 Balance √ 10,300
Advertising Expense No. 610
Date Explanation Ref. Debit Credit Balance
May 31 Balance √ 600
Depreciation Expense - Lodge No. 619
Date Explanation Ref. Debit Credit Balance
Depreciation Expense - Furniture No. 621
Date Explanation Ref. Debit Credit Balance
Supplies Expense No. 631
Date Explanation Ref. Debit Credit Balance
Interest Expense No. 718
Date Explanation Ref. Debit Credit Balance
Insurance Expense No. 722
Date Explanation Ref. Debit Credit Balance
Salaries Expense No. 726
Date Explanation Ref. Debit Credit Balance
May 31 Balance √ 3,300
152
Name Problem 3-2B Continued
Section
Date Mound View Motel
(b) (Continued)
Utilities Expense No. 732
Date Explanation Ref. Debit Credit Balance
May 31 Balance √ 900
(c)
Mound View Motel
Adjusted Trial Balance
May 31, 2010
Debit Credit
1 Cash 1
2 Supplies 2
3 Prepaid Insurance 3
4 Land 4
5 Lodge 5
6 Accumulated Depreciation - Lodge 6
7 Furniture 7
8 Accumulated Depreciation - Furniture 8
9 Accounts Payable 9
10 Unearned Rent Revenue 10
11 Salaries Payable 11
12 Interest Payable 12
13 Mortgage Payable 13
14 Kevin Henry, Capital 14
15 Rent Revenue 15
16 Advertising Expense 16
17 Depreciation Expense - Lodge 17
18 Depreciation Expense - Furniture 18
19 Supplies Expense 19
20 Interest Expense 20
21 Insurance Expense 21
22 Salaries Expense 22
23 Utilities Expense 23
24 Totals 24
25 25
26 26
27 27
153
Name Problem 3-2B Continued
Section
Date Mound View Motel
(d)
Mound View Motel
Income Statement
For the Month Ended May 31, 2010
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
Mound View Motel
Owner's Equity Statement
For the Month Ended May 31, 2010
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
154
Name Problem 3-2B Concluded
Section
Date Mound View Motel
(d) (Continued)
Mound View Motel
Balance Sheet
May 31, 2010
1 Assets 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 Liabilities and Owner's Equity 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
26 26
27 27
28 28
29 29
30 30
31 31
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
40 40
155
Name Problem 3-3B
Section
Date Poblano Co.
(a)
Date Accounts Titles Debit Credit
1 Sept. 30 1
2 2
3 3
4 30 4
5 5
6 6
7 30 7
8 8
9 9
10 30 10
11 11
12 12
13 30 13
14 14
15 15
16 30 16
17 17
18 18
19 30 19
20 20
21 21
(b)
Poblano Co.
Income Statement
For the Quarter Ended September 30, 2010
1 Revenues: 1
2 2
3 3
4 4
5 Expenses: 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
156
Name Problem 3-3B Concluded
Section
Date Poblano Co.
(b) (Continued)
Poblano Co.
Owner's Equity Statement
For the Quarter Ended September 30, 2010
1 1
2 2
3 3
4 4
5 5
6 6
Poblano Co.
Balance Sheet
September 30, 2010
1 Assets 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 Liabilities and Owner's Equity 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
(c)
1 1
2 2
3 3
4 4
157
Name Problem 3-4B
Section
Date Obi Company
General Journal
Date Accounts Titles and Explanation Debit Credit
1 1. 1
2 Dec. 31 2
3 3
4 4
5 5
6 6
7 7
8 2. 8
9 Dec. 31 9
10 10
11 11
12 12
13 13
14 14
15 15
16 3. 16
17 Dec. 31 17
18 18
19 19
20 20
21 4. 21
22 Dec. 31 22
23 23
24 24
25 25
26 26
27 27
28 28
29 29
30 30
31 31
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
40 40
158
Name Problem 3-5B
Section
Date Morelli Equipment Repair
(a), (c) and (e)
Cash No. 101
Date Explanation Ref. Debit Credit Balance
Nov. 1 Balance √ 2,400
Accounts Receivable No. 112
Date Explanation Ref. Debit Credit Balance
Nov. 1 Balance √ 4,250
Supplies No. 126
Date Explanation Ref. Debit Credit Balance
Nov. 1 Balance √ 1,800
Store Equipment No. 153
Date Explanation Ref. Debit Credit Balance
Nov. 1 Balance √ 12,000
Accumulated Depreciation - Store Equipment No. 154
Date Explanation Ref. Debit Credit Balance
Nov. 1 Balance √ 2,000
Accounts Payable No. 201
Date Explanation Ref. Debit Credit Balance
Nov. 1 Balance √ 2,600
159
Name Problem 3-5B Continued
Section
Date Morelli Equipment Repair
(a), (c) and (e) (Continued)
Unearned Service Revenue No. 209
Date Explanation Ref. Debit Credit Balance
Nov. 1 Balance √ 1,200
Salaries Payable No. 212
Date Explanation Ref. Debit Credit Balance
Nov. 1 Balance √ 700
V. Morelli, Capital No. 301
Date Explanation Ref. Debit Credit Balance
Nov. 1 Balance √ 13,950
Service Revenue No. 407
Date Explanation Ref. Debit Credit Balance
Depreciation Expense No. 615
Date Explanation Ref. Debit Credit Balance
Supplies Expense No. 631
Date Explanation Ref. Debit Credit Balance
Salaries Expense No. 726
Date Explanation Ref. Debit Credit Balance
Rent Expense No. 729
Date Explanation Ref. Debit Credit Balance
160
Name Problem 3-5B Continued
Section
Date Morelli Equipment Repair
(b) General Journal J1
Date Ref Debit Credit
1 Nov. 8 1
2 2
3 3
4 4
5 10 5
6 6
7 7
8 12 8
9 9
10 10
11 15 11
12 12
13 13
14 17 14
15 15
16 16
17 20 17
18 18
19 19
20 22 20
21 21
22 22
23 25 23
24 24
25 25
26 27 26
27 27
28 28
29 29 29
30 30
31 31
32 32
33 33
34 34
35 35
161
Name Problem 3-5B Continued
Section
Date Morelli Equipment Repair
(d) & (f)
Morelli Equipment Repair
Trial Balances
November 30, 2010
Before Adjustment After Adjustment
Dr. Cr. Dr. Cr.
1 Cash 1
2 Accounts Receivable 2
3 Supplies 3
4 Store Equipment 4
5 Accumulated Depreciation 5
6 Accounts Payable 6
7 Unearned Service Revenue 7
8 Salaries Payable 8
9 V. Morelli, Capital 9
10 Service Revenue 10
11 Depreciation Expense 11
12 Supplies Expense 12
13 Salaries Expense 13
14 Rent Expense 14
15 Totals 15
16 16
17 17
18 18
19 19
20 20
(e) General Journal J1
Date Account Titles Ref Debit Credit
1 1. 1
2 Nov. 30 2
3 3
4 2. 4
5 Nov. 30 5
6 6
7 3. 7
8 Nov. 30 8
9 9
10 4. 10
11 Nov. 30 11
12 12
13 13
162
Name Problem 3-5B Continued
Section
Date Morelli Equipment Repair
(g)
Morelli Equipment Repair
Income Statement
For the Month Ended November 30, 2010
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
Morelli Equipment Repair
Owner's Equity Statement
For the Month Ended November 30, 2010
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
163
Name Problem 3-5B Concluded
Section
Date Morelli Equipment Repair
(g) (Continued)
Morelli Equipment Repair
Balance Sheet
November 30, 2010
1 Assets 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 Liabilities and Owner's Equity 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
164
Name Chapter 3 Financial Reporting Problem
Section
Date PepsiCo, Inc.
1 (a) 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 (b) 15
16 16
17 17
18 18
19 19
20 20
21 (c) 21
22 22
23 23
24 24
25 25
26 26
27 27
28 28
29 29
30 30
31 31
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
40 40
165
Name Chapter 3 Comparative Analysis Problem
Section
Date PepsiCo, Inc. versus Coca-Cola Company
PepsiCo Coca-Cola
1 Increase (decrease) from 2006 to 2007 in: 1
2 2
3 3
4 (a) Property, plant, and equipment, net 4
5 5
6 6
7 7
8 (b) Selling, general, and administrative expenses 8
9 9
10 10
11 11
12 (c) Long-term debt (obligations) 12
13 13
14 14
15 15
16 (d) Net income 16
17 17
18 18
19 19
20 (e) Cash and cash equivalents 20
21 21
22 22
23 23
24 24
25 25
26 26
27 27
28 28
29 29
30 30
31 31
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
166
Name Chapter 3 Exploring The Web
Section
Date Rutgers Accounting Web
1 (a) 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 (b) 25
26 26
27 27
28 28
29 29
30 30
31 31
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
40 40
167
Name Chapter 3 Decision Making Across the Organization
Section
Date Happy Camper Park
(a)
Happy Camper Park
Income Statement
For the Quarter Ended March 31, 2010
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
(b)
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
168
Name Chapter 3 Communication Activity
Section
Date Keri Ann Co.
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
26 26
27 27
28 28
29 29
30 30
31 31
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
40 40
169
Name Chapter 3 Communication Activity Concluded
Section
Date Keri Ann Co.
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
26 26
27 27
28 28
29 29
30 30
31 31
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
40 40
170
Name Chapter 3 Ethics Case
Section
Date Bluestem Company
1 (a) 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 (b) 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 (c) 25
26 26
27 27
28 28
29 29
30 30
31 31
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
40 40
171
Name Chapter 3 All About You Activity
Section
Date Loan Application Information
1 (a) 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 (b) 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 (c ) 25
26 26
27 27
28 28
29 29
30 30
31 31
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
40 40
172
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