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prepare the trial balance

prepare the trial balance

Business/Professional Ethics Directors/Executives/Acct
Business/Professional Ethics Directors/Executives/Acct
8th Edition
ISBN:9781337485913
Author:BROOKS
Publisher:BROOKS
Chapter8: Subprime Lending Fiasco-ethics Issues
Section: Chapter Questions
Problem 3.7EC
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Please prepare the trial balance

16 Cash Sales Discount Accounts Receivable To record purchase equipment on account 16 Accounts Receivable Sales To record purchase equipment on account 17 Purchases Notes Payable To record purchase equipment on account 18 Purchases Accounts Receivable To record purchase equipment on account 19 Accounts Receivable Sales To record purchase equipment on account 19 Freight-Out Cash To record purchase equipment on account 19 Purchases Accounts Payable To record purchase equipment on account 20 Accounts Receivable To record purchase equipment on account Accounts Receivable To record purchase equipment on account Sales Returns and Allowances Accounts Receivable To record purchase equipment on account Accounts Payable Purchase Return and Allowances To record purchase equipment on account Cash Sales Discounts 21 21 21 23 Cash Cash 101 403 103. 103 401 501 202 501 103 103 401 603 101 501 201 101 403 101 103 402 103 201 503 101 12,000.00 8,000.00 23,000.00 8,000.00 18,000.00 14,000.00 2,200.00 16,000.00 9,000.00 1,000.00 10,000.00 4,000.00 2,500.00 1,000.00 20,000.00 23,000.00 8,000.00 18,000.00 14,000.00 2,200.00 16,000.00 10,000.00 10,000.00 4,000.00 2,500.00 Accounts Receivable To record purchase equipment on account To record purchase equipment on account To record purchase equipment on account Purchase Return and Allowances To record purchase equipment on account To record purchase equipment on account Accounts Receivable To record purchase equipment on account 29 Purchases Accounts Receivable To record purchase equipment on account 30 RRR Drawings Cash To record purchase equipment on account 30 Prepaid Insurance Cash To record purchase equipment on account 30 Sales Salaries Expense Office Salaries Expense Cash To record purchase equipment on account 30 Light and Water Expense Cash To record purchase equipment on account 30 Prepaid Rent Cash 25 Accounts Receivable Sales 26 Notes Receivable Sales 27 Cash 28 Sales Returns and Allowances Cash 29 Cash Sales Discount 103 103 26,000.00 401 6,000.00 202 401 101 503 2,000.00 1,200.00 402 101 101 8,820.00 403 180.00 102 501 20,000.00 103 12,000.00 302 101 24,000.00 107 101 601 12,000.00 15,000.00 704 101 706 20,500.00 101 4,000.00 105 101 1,000.00 26,000.00 6,000.00 2,000.00 1,200.00 9,000.00 20,000.00 12,000.00 24,000.00 27,000.00 20,500.00 4,000.00 30 30 To record purchase equipment on account To record purchase equipment on account Purchase Discount Cash To record purchase equipment on account Cash Sales Accounts Payable 101 46,000.00 401 20,000.00 201 504 101 46,000.00 600.00 19,400.00
Transcribed Image Text:16 Cash Sales Discount Accounts Receivable To record purchase equipment on account 16 Accounts Receivable Sales To record purchase equipment on account 17 Purchases Notes Payable To record purchase equipment on account 18 Purchases Accounts Receivable To record purchase equipment on account 19 Accounts Receivable Sales To record purchase equipment on account 19 Freight-Out Cash To record purchase equipment on account 19 Purchases Accounts Payable To record purchase equipment on account 20 Accounts Receivable To record purchase equipment on account Accounts Receivable To record purchase equipment on account Sales Returns and Allowances Accounts Receivable To record purchase equipment on account Accounts Payable Purchase Return and Allowances To record purchase equipment on account Cash Sales Discounts 21 21 21 23 Cash Cash 101 403 103. 103 401 501 202 501 103 103 401 603 101 501 201 101 403 101 103 402 103 201 503 101 12,000.00 8,000.00 23,000.00 8,000.00 18,000.00 14,000.00 2,200.00 16,000.00 9,000.00 1,000.00 10,000.00 4,000.00 2,500.00 1,000.00 20,000.00 23,000.00 8,000.00 18,000.00 14,000.00 2,200.00 16,000.00 10,000.00 10,000.00 4,000.00 2,500.00 Accounts Receivable To record purchase equipment on account To record purchase equipment on account To record purchase equipment on account Purchase Return and Allowances To record purchase equipment on account To record purchase equipment on account Accounts Receivable To record purchase equipment on account 29 Purchases Accounts Receivable To record purchase equipment on account 30 RRR Drawings Cash To record purchase equipment on account 30 Prepaid Insurance Cash To record purchase equipment on account 30 Sales Salaries Expense Office Salaries Expense Cash To record purchase equipment on account 30 Light and Water Expense Cash To record purchase equipment on account 30 Prepaid Rent Cash 25 Accounts Receivable Sales 26 Notes Receivable Sales 27 Cash 28 Sales Returns and Allowances Cash 29 Cash Sales Discount 103 103 26,000.00 401 6,000.00 202 401 101 503 2,000.00 1,200.00 402 101 101 8,820.00 403 180.00 102 501 20,000.00 103 12,000.00 302 101 24,000.00 107 101 601 12,000.00 15,000.00 704 101 706 20,500.00 101 4,000.00 105 101 1,000.00 26,000.00 6,000.00 2,000.00 1,200.00 9,000.00 20,000.00 12,000.00 24,000.00 27,000.00 20,500.00 4,000.00 30 30 To record purchase equipment on account To record purchase equipment on account Purchase Discount Cash To record purchase equipment on account Cash Sales Accounts Payable 101 46,000.00 401 20,000.00 201 504 101 46,000.00 600.00 19,400.00
DATE 2021 JUNE 1 Cash 1 1 1 1 1 1 1 2 3 5 Office Equipment Merchandise Inventory RRR Capital To record paid licenses and permits Taxes & License Expense Cash To record paid licenses and permits Accounts Payable To record purchase equipment on account Office Equipment Freight-In To record purchase equipment on account Prepaid Rent Cash To record purchase equipment on account Supplies Inventory Cash To record purchase equipment on account Accounts Payable Cash To record purchase equipment on account Prepaid Advertising Cash To record purchase equipment on account Purchases Cash To record purchase equipment on account Sales To record purchase equipment on account Purchases Freight-In GENERAL JOURNAL PARTICULARS Cash Furniture and Fixtures F DEBIT 101 109 500,000.00 50,000.00 301 705 1,260.00 101 48,000.00 123 201 2,000.00 123 502 105 45,000.00 101 1,250.00 108 101 501 502 40,000.00 1,600.00 201 101 106 10,000.00 101 501 19,800.00 101 101 82,560.00 401 122 42,650.00 CREDIT 550,000.00 1,260.00 48,000.00 2,000.00 45,000.00 1,250.00 40,000.00 1,600.00 10,000.00 19,800.00 82,560.00 Accounts Payable To record purchase equipment on account Furniture and Fixtures To record purchase equipment on account Office Equipment RRR Capital To record purchase equipment on account Accounts Payable Purchases To record purchase equipment on account 10 Accounts Receivable Sales To record purchase equipment on account 10 Freight-Out Cash To record purchase equipment on account 11 Accounts Receivable Sales To record purchase equipment on account 12 Sales Returns and Allowances Accounts Receivable To record purchase equipment on account 15 Sales Salaries Expense Office Salaries Expense Cash To record purchase equipment on account 15 Delivery Van Cash Accounts Payable To record purchase equipment on account 15 Cash Accounts Receivable To record purchase equipment on account 6 Accounts Payable 7 8 Purchases Freight-In 201 2,650.00 201 122 75,000.00 123 301 501 502 16,000.00 800.00 201 501 36,500.00 103 401 603 920.00 101 12,500.00 103 401 6,500.00 402 103 601 12,000.00 701 18,000.00 101 850,000.00 121 101 201 101 20,000.00 103 42,650.00 2,650.00 75,000.00 16,000.00 800.00 36,500.00 920.00 12,500.00 6,500.00 30,000.00 680,000.00 170,000.00 20,000.00
Transcribed Image Text:DATE 2021 JUNE 1 Cash 1 1 1 1 1 1 1 2 3 5 Office Equipment Merchandise Inventory RRR Capital To record paid licenses and permits Taxes & License Expense Cash To record paid licenses and permits Accounts Payable To record purchase equipment on account Office Equipment Freight-In To record purchase equipment on account Prepaid Rent Cash To record purchase equipment on account Supplies Inventory Cash To record purchase equipment on account Accounts Payable Cash To record purchase equipment on account Prepaid Advertising Cash To record purchase equipment on account Purchases Cash To record purchase equipment on account Sales To record purchase equipment on account Purchases Freight-In GENERAL JOURNAL PARTICULARS Cash Furniture and Fixtures F DEBIT 101 109 500,000.00 50,000.00 301 705 1,260.00 101 48,000.00 123 201 2,000.00 123 502 105 45,000.00 101 1,250.00 108 101 501 502 40,000.00 1,600.00 201 101 106 10,000.00 101 501 19,800.00 101 101 82,560.00 401 122 42,650.00 CREDIT 550,000.00 1,260.00 48,000.00 2,000.00 45,000.00 1,250.00 40,000.00 1,600.00 10,000.00 19,800.00 82,560.00 Accounts Payable To record purchase equipment on account Furniture and Fixtures To record purchase equipment on account Office Equipment RRR Capital To record purchase equipment on account Accounts Payable Purchases To record purchase equipment on account 10 Accounts Receivable Sales To record purchase equipment on account 10 Freight-Out Cash To record purchase equipment on account 11 Accounts Receivable Sales To record purchase equipment on account 12 Sales Returns and Allowances Accounts Receivable To record purchase equipment on account 15 Sales Salaries Expense Office Salaries Expense Cash To record purchase equipment on account 15 Delivery Van Cash Accounts Payable To record purchase equipment on account 15 Cash Accounts Receivable To record purchase equipment on account 6 Accounts Payable 7 8 Purchases Freight-In 201 2,650.00 201 122 75,000.00 123 301 501 502 16,000.00 800.00 201 501 36,500.00 103 401 603 920.00 101 12,500.00 103 401 6,500.00 402 103 601 12,000.00 701 18,000.00 101 850,000.00 121 101 201 101 20,000.00 103 42,650.00 2,650.00 75,000.00 16,000.00 800.00 36,500.00 920.00 12,500.00 6,500.00 30,000.00 680,000.00 170,000.00 20,000.00
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