Also pass the journal entries of problem E2-4

Hashnew Real Estate

General Journal
Date Particulars PR Debit Credit
1-Oct Cash 15,000
Capital 15,000

2-Oct No entry required

3-Oct Office furniture 1,900

Accounts payable 1,900

6-Oct Accounts receivable 3,200

Service revenue 3,200

27-Oct Accounts payable 700

Cash 700

30-Oct Salary expense 2,500

Cash 2,500

23,300 23,300

Debit-Credit Analysis
Account Debited
a b c d
Date Date
Specific Normal
Basic Type Effect
Account Balance
1-Oct Cash CA Increase Debit 1-Oct
3-Oct Office furniture FA increase Debit 3-Oct
6-Oct Accounts Receivable CA Increase Debit 6-Oct
27-Oct Accounts Payable Liability Decrease Credit 27-Oct
30-Oct Salary Expense Expense Increase Debit 30-Oct
 Hashnew Real Estate
Ledger Posting
Cash
1-Oct 15,000 27-Oct 700
30-Oct 2,500

30-Oct CD Bal 11,800

Total 15,000 Total 15,000

1-Nov BD Bal 11,800

Office Furniture
3-Oct 1,900 30-Oct CD Bal 1,900

Total 1,900 Total 1,900

1-Nov BD Bal 1,900

Accounts Receivable
6-Oct 3,200 30-Oct CD Bal 3,200

Total 3,200 Total 3,200

1-Nov BD Bal 3,200

Salary expense
30-Oct 2,500 30-Oct CD Bal 2,500

Total 2,500 Total 2,500

1-Nov BD Bal 2,500

Account Credited
a b c d
Specific Normal
Basic Type Effect
Account Balance
Capital OE Increase Credit
Accounts Payable Liability Increase Credit
Service Revenue Revenue Increase Credit
Cash CA Decrease Debit
Cash CA Decrease Debit
 Hashnew Real Estate
Trial Balance
Capital For the Month of XXX
30-Oct CD Bal 15,000 1-Oct 15,000 S# Title of Accounts Debit
1 Cash 11,800
2 Capital
Total 15,000 Total 15,000 3 Office Furniture 1,900
4 Accounts Payable
1-Nov BD Bal 15,000 5 Accounts Receivable 3,200
6 Service Revenue
7 Salary Expense 2,500
Accounts Payable Total 19,400
27-Oct 700 3-Oct 1,900
31-Oct BD Bal 1,200

Total 1900 Total 1,900

1-Nov BD Bal 1,200

Service Revenue
30-Oct CD Bal 3200 6-Oct 3,200

Total 3200 Total 3,200

1-Nov BD Bal 3,200
 Estate
nce
of XXX
Credit

15,000

1,200

3,200

19,400
 CJ Mendez
General Journal
Date Particulars PR Debit Credit
1-Apr Cash 40,000
Capital 40,000

4-Apr Purchased Land 30,000

Cash 30,000

8-Apr Advertising Expense 1,800

Accounts Payable 1,800

11-Apr Salary expense 1,500

Cash 1,500

12-Apr no entry requires

13-Apr Prepaid Insurance 1,500

Cash 1,500

17-Apr Drawings 1,000

Cash 1,000

20-Apr Cash 5,700

Unearned Admission revenue 5,700

25-Apr Cash 2,500

Admission Revenue 2,500
30-Apr Cash 8,900
Unearned Admission revenue 8,900

30-Apr Accounts Payable 900

Cash 900

93,800 93,800
CJ Mendez
Ledger Posting
Cash Capital
1-Apr 40,000 4-Apr 30,000 30-Apr CD Bal 40,000
20-Apr 5,700 11-Apr 1,500
25-Apr 2,500 13-Apr 1,500 Total 40,000
30-Apr 8,900 17-Apr 1,000
30-Apr 900
30-Apr CD Bal 22,200
Total 57,100 Total 57,100
1-May BD Bal 22,200 Drawings
17-Apr 1,000

Land Total 1,000

4-Apr 30,000 30-Apr CD Bal 30,000
1-May BD Bal 1,000
Total 30,000 Total 30,000

1-May BD Bal 30,000 Admission Revenue

30-Apr CD Bal 2,500

Prepaid Insurance Total 2,500

13-Apr 1,500 30 Apr Bal CD 1,500
Total 1,500 Total 1,500
1 May Bal BD 1,500
Accounts Payable
30-Apr 900
Salary Expense 30-Apr CD Bal 900
11-Apr 1,500 30-Apr CD Bal 1,500
Total 1,800

Total 1,500 Total 1,500

Unearned Admission Revenue
1-May BD Bal 1,500 30-Apr CD Bal 14,600

Advertising Expense Total 14,600

8-Apr 1,800 30-Apr CD Bal 1,800

Total 1,800 Total 1,800

1-May BD Bal 1,800

 CJ Mendez
Capital Trial Balance
1-Apr 40,000 For the Month of Apr
S# Title of Accounts Debit Credit
Total 40,000 1 Cash 22,200
2 Capital 40,000
1-May BD Bal 40,000 3 Land 30,000
4 Advertising Expense 1,800
5 Accounts Payable 900
Drawings 6 Salary Expense 1,500
30-Apr CD Bal 1,000 7 Prepaid Insurance 1,500
8 Drawings 1,000
Total 1,000 9 Unearned Admission Revenue 14,600
10 Admission Revenue 2,500

Total 58,000 58,000

Admission Revenue
25-Apr 2,500

Total 2,500

1-May BD Bal 2,500

Accounts Payable
8-Apr 1,800

Total 1,800
1-May BD Bal 900

earned Admission Revenue

20-Apr 5,700
30-Apr 8,900

Total 14,600

1-May BD Bal 14,600

 Jane Kent
Journal Entries
Date Particulars PR Debit Credit
1-May Cash 101 25,000
JK Capital 301 25,000

2-May No entry required

3-May Office supplies 126 2,500

Accounts payable 201 2,500

7-May Rent expense 729 900

Cash 101 900

11-May Accounts receivable 112 2,100

Service revenue 400 2,100

12-May Cash 101 3,500

Unearned revenue 205 3,500

17-May Cash 101 2,000

Service revenue 400 2,000

31-May Salaries expense 726 2,000

Cash 101 2,000

31-May Accounts payable 201 1,000

Cash 101 1,000
39,000 39,000
Jane Kent
Ledger Posting
Cash 101 JK Capital 301
1-May 25,000 7-May 900 31-May Bal CD 25,000 1-May
12-May 3,500 31-May 2,000 Total 25,000 Total
17-May 2,000 31-May 1,000 1-Jun Bal BD
30,500 3,900
31-May Bal. CD 26,600
Total 30,500 Total 30,500
1-Jun Bal BD 26,600

Office supplies 126 Accounts payable 201

3-May 2,500 31-May Bal CD 2,500 31-May 1,000 3-May
Total 2,500 Total 2,500 31-May Bal CD 1,500
1-Jun Bal BD 2,500 Total 2,500 Total
1-Jun Bal BD

Rent expense 729 Accounts receivable 112

7-May 900 30-May CD Bal 900 11-May 2,100 30-May CD Bal

Total 900 Total 900 Total 2,100 Total

1-Jun BD Bal 900 1-Jun BD Bal 2,100

Service revenues 400 Unearned revenues 205

30-May CD Bal 4,100 11-May 2,100 30-May CD Bal 3,500 12-May
17-May 2,000
Total 4,100 Total 4,100 Total 3,500 Total
1-Jun BD bal 4,100 1-Jun BD bal

Salaries expense 726

31-May 2,000 30-May CD Bal 2,000

Total 2,000 Total 2,000

1-Jun BD bal 2,000
 Jane Kent
Trial Balance
301 For the month of May
25,000 S# Title of Accounts Debit Credit
25,000 1 Cash 26,600
25,000 2 JK Capital 25,000
3 Office supplies 2,500
4 Accounts payable 1,500
5 Rent expense 900
6 Accounts receivable 2,100
7 Service revenues 4,100
201 8 Unearned revenues 3,500
2,500 9 Salaries expense 2,000

2,500 Total 34,100 34,100

1,500

112
2,100

2,100

205
3,500

3,500
3,500
 The Lake Theater
Journal Entries
Date Particulars PR Debit Credit
2-Apr Film Rental Expense 632 800
Cash 101 800

3-Apr No entry required

9-Apr Cash 101 2,800

Admission Revenue 405 2,800

10-Apr Mortage Payable 275 2,000

Accounts Payable 201 1,000
Cash 101 3,000

11-Apr No entry required

12-Apr Advertising Expense 610 500

 Cash 101 500

20-Apr Film Rental Expense 632 1,000

Accounts Payable 201 1,000

25-Apr Cash 101 5,200

Admissions Revenue 405 5,200

29-Apr Salaries Experience 726 2,000

Cash 101 2,000

30-Apr Cash 101 85

Accounts Recievable 112 85
Consession Revenue 406 170

30-Apr Prepaid Rentals 136 900

Cash 101 900

16,370 16,370
The Lake Theater
Ledger Posting
Cash 101 Tony Carpino -Capital 301
1-Apr BD Bal 6,000 2-Apr 800 30-Apr Bal CD 20,000 1-Apr
2-Apr 2,800 10-Apr 3,000
25-Apr 5,200 12-Apr 500 Total 20,000 Total
30-Apr 85 29-Apr 2,000 1-May
14,085 30-Apr 900
7,200 Accounts payable 201
31-May Bal. CD 6,885 10-Apr 1,000 1-Apr
Total 14,085 Total 14,085 20-Apr
1-May Bal BD 6,885 30-Apr CD Bal 2,000
Total 3,000 Total
Land 140 1-May
1-Apr BD Bal 10,000 30-Apr Bal CD 10,000
Total 10,000 Total 10,000 Mortage payable 275
10-Apr 2,000 1-Apr
1-May Bal BD 10,000
30-Apr CD Bal 6,000
Building 145 Total 8,000 Total
1-Apr BD Bal 8,000 30-Apr Bal CD 8,000 1-May
Total 8,000 Total 8,000
Admission Revenue 405
1-May Bal BD 8,000 30-Apr CD Bal 8,000 9-Apr
25-Apr
Equipment 157
1-Apr BD Bal 6,000 30-Apr Bal CD 6,000 Total 8,000 Total
Total 6,000 Total 6,000 1-May

1-May Bal BD 6,000 Consession Revenue 406

30-Apr CD Bal 170 30-Apr
Accounts Recievable 112
30-Apr 85 30-Apr Bal CD 85
Total 85 Total 85 Total 170 Total
1-May
1-May Bal BD 85
Prepaid Rentals 136
Film Rental Expense 632 30-Apr 900 30-Apr
2-Apr 800 30-Apr CD Bal 1,800
20-Apr 1,000 Total 900 Total
Total 1,800 Total 1,800 1-May BD Bal 900
1-May Bal BD 1,800
 Advertising expense 610
12-Apr 500 30-Apr CD Bal 500

Total 500 Total 500

1-May BD Bal 500

Salaries expense 726

29-Apr 2,000 30-Apr CD Bal 2,000

Total 2,000 Total 2,000

1-May BD Bal 2,000
 The Lake Theater
Trial Balance
Capital 301 For the month of Apr
20,000 S# Title of Accounts Debit Credit
1 Cash 6,885
20,000 2 Land 10,000
Bal BD 20,000 3 Building 8,000
4 Equipment 6,000
yable 201 5 Accounts receivable 85
BD Bal 2,000 6 Film Rental Expense 1,800
1,000 7 Advertising Expense 500
3,000 8 Salaries expense 2,000
3,000 9 Tony Carpino -Capital 20,000
Bal BD 2,000 10 Accounts payable 2,000
11 Mortage payable 6,000
yable 275 12 Prepaid Rentals 900
BD Bal 8,000 13 Admission Renvenue 8,000
14 Consession Renvenue 170
Total 36,170 36,170
8,000
Bal BD 6,000

evenue 405
2,800
5,200

8,000
Bal BD 8,000

evenue 406
170

170
Bal BD 170

als 136
CD Bal 900

900
 Slow hand Services
General Journal
Date Particulars PR Debit Credit
1-May Cash 50,000
Capital 50,000

2-May No entry Required

3-May Prepaid Rent 24,000

Cash 24,000

4-May Furniture and equipment 30,000

Cash 10,000
Accounts Payable 20,000

5-May Prepaid Insurance 1,800

Cash 1,800

6-May Office Supplies 500

Cash 500

7-May Office Supplies 1,500

Accounts payable 1,500

8-May Cash 8,000

 Accounts Receivable 12,000
Service Revenue 20,000

9-May Accounts payable 400

Cash 400

10-May Cash 3,000

Accounts Receivable 3,000

11-May Utility Expense 200

Accounts Payable 200

12-May Salary expense 5,600

Cash 5,600

137,000 137,000
Slow hand Services
Ledger Posting
Cash Capital
1-May 50,000 3-May 24,000 30-May CD Bal 50,000 1-May
8-May 8,000 4-May 10,000 Total 50,000 Total
10-May 3,000 5-May 1,800 1-Jun
6-May 500
9-May 400
12-May 5,600 Accounts Payable
9-May 400 4-May
30-May CD Bal 18,700 7-May
Total 61,000 Total 61,000 11-May
1-Jun BD Bal 18,700 30-May CD Bal 21,300
Total 21,700 Total
Office Supplies 1-Jun
6-May 500 30-May CD Bal 2,000
7-May 1,500 Service Revenue
Total 2,000 Total 2,000 30-May CD Bal 20,000 8-May
1-Jun BD Bal 2,000
Total 20,000 Total
1-Jun
Furniture and Equipment
4-May 30,000 30-May CD Bal 30,000
Salary Expense
Total 30,000 Total 30,000 12-May 5,600 30-May
1-Jun BD Bal 30,000
Total 5,600 Total
1-Jun BD Bal 5,600
Prepaid Insurance
5-May 1,800 30-May CD Bal 1,800
Utility Expense
Total 1,800 Total 1,800 11-May 200 30-May
1-Jun BD Bal 1,800 Total 200 Total
1-Jun BD Bal 200

Accounts Receivable
8-May 12,000 10-May 3,000
30-May CD Bal 9,000
Total 12,000 Total 12,000
1-Jun BD Bal 9,000

Prepaid Rent
3-May 24,000 30-May CD Bal 24,000
Total 24,000 Total 24,000
1-Jun BD Bal 24,000
 Slow hand Services
Trial Balance
apital For The Month Of May, 2010
50,000 S# Title of Accounts Debit Credit
50,000 1 Cash 18,700
BD Bal 50,000 2 Capital 50,000
3 Prepaid Rent 24,000
4 Furniture and equipment 30,000
nts Payable 5 Accounts Payable 21,300
20,000 6 Prepaid Insurance 1,800
1,500 7 Office Supplies 2,000
200 8 Accounts Receivable 9,000
9 Service Revenue 20,000
21,700 10 Utility Expense 200
BD Bal 21,300 11 Salary Expense 5,600
91,300 91,300
e Revenue
20,000

20,000
BD Bal 20,000

y Expense
CD Bal 5,600

5,600

y Expense
CD Bal 200
200
 Syed Moiz Co.
Trial Balance
June 30, 2010
Debit Credit
Cash (3340 - 480 + 840) 3,700
Accounts Receivable (2731 + 480 - 840) 2,371
Supplies (1200 - 620) 580
Equipment (2600 + 620) 3,220
Accounts Payable (3666-360-306) 3,000
Unearned Revenue 1,100
S Moiz, Capital 8,000
S Moiz, Drawing (800 + 600) 1,400
Service Revenue (2480 - 89 + 890) 3,281
Salaries Expense (3200 + 700 - 600) 3,300
Office Expense 810
Total 15,381 15,381
 Maria Juarez
General Journal
Date Particulars PR Debit Credit
1-Apr Cash 40,000
M J Capital 40,000
1-Apr No entry required

2-Apr Rent expense 1,000

Cash 1,000
3-Apr Supplies 4,000
Accounts payable 4,000
10-Apr Accounts receivable 5,100
Service revenue 5,100
11-Apr Cash 1,000
Unearned revenue 1,000
20-Apr Cash 2,100
Service revenue 2,100
30-Apr Salaries expense 2,400
Cash 2,400
30-Apr Accounts payable 1,600
Cash 1,600

57,200 57,200
Debit and credit analysis

Account Debited
a b c d
Date Specific Normal
Basic Type Effect
Account Balance
2-Jan Cash CA Increase Debit
3-Jan Car FA Increase Debit
9-Jan Office Supplies FA Increase Debit
16-Jan Advertising Expense Expense Increase Debit
20-Jan Cash CA Increase Debit
23-Jan Accounts Payable Liability Decrease Credit
28-Jan Drawings Drawings Increase Debit

Rowand Enterprises
General Journal
Date Particulars PR Debit Credit
1-Jan Cash 4,000
RW Capital 4,000
2-Jan Rent Expense 1,100
Cash 1,100
3-Jan No Entry Required -
-
4-Jan Drawings 700
Cash 700

5,800 5,800

Ledger Posting
T-Account form
Cash
1-Apr 40,000 2-Apr 1000
11-Apr 1,000 30-Apr 2400
20-Apr 2,100 30-Apr 1600

30-Apr CD bal 38,100

Total 43,100 Total 43,100

01-May BD bal 38,100

 Office Supplies
1-Apr 4,000 30-Apr CD bal 4,000

Total 4,000 Total 4,000

01-May BD bal 4,000

Accounts Receivable
10-Apr 5,100 30-Apr CD bal 5,100

Total 5,100 Total 5,100

01-May BD bal 5,100

Rent Expense
2-Apr 1,000 30-Apr CD bal 1,000

Total 1,000 Total 1,000

01-May BD bal 1,000

Salaries Expense
30-Apr 2,400 30-Apr CD bal 2,400

Total 2,400 Total 2,400

01-May BD bal 2,400

 Account Credited
a b c d
Date Normal
Basic Type Specific Account Effect
Balance
2-Jan Capital OE Increase Credit
3-Jan Cash CA Decrease Debit
9-Jan Accounts Payable Liability Increase Credit
16-Jan Cash CA Decrease Debit
20-Jan Service Revenue Revenue Increase Credit
23-Jan Cash CA Decrease Debit
28-Jan Cash CA Decrease Debit

Assets = Liabilities + Owners' Equity

Assets Liabilities Owners' Equity

+ No Effect +
- No Effect -
No Effect

- No Effect -

Maria
Genera
Capital S#
30-Apr CD bal 40,000 1-Apr 40,000 1
2
Total 40,000 Total 40000 3
4
01-May BD bal 40,000 5
6
7
8
9
 Total

Services Revenue
30-Apr CD bal 7,200 10-Apr 5,100
20-Apr 2,100
Total 7,200 Total 7,200

01-May BD bal 7,200

Accounts Payable
30-Apr 1,600 3-Apr 4,000
30-Apr CD bal 2,400
Total 4,000 Total 4,000

01-May BD bal 2,400

Unearned Revenue
30-Apr CD bal 1,000 11-Apr 1,000

Total 1,000 Total 1,000

01-May BD bal 1,000

 Rules of Debit Credit Normal
Assets Increase Decrease Debit

Liabilities Decrease Increase Credit

Capital Decrease Increase Credit
Reveues Decrease Increase Credit
Expenses Increase Decrease Debit

Maria Juarez
General Journal
Title of Accounts Debit Credit
Cash 38,100
Capital - Maria Juarez 40,000
Office Supplies 4,000
Accounts Receivable 5,100
Rent Expense 1,000
Salaries Expense 2,400
Service Revenue 7,200
Accounts Payable 2,400
Unearned Revenue 1,000
Total 50,600 50,600