Quiz 1: BPA-1A

Answer Sheet
PART 1

PROBLEM #15
ACCOUNT TILES AND
DATE DEBIT
EXPLANATION
Mar. 1 Cash 42,500
Refozar, Capital
Mar. 2 Medical Equipment 95,000
Cash
Notes Payable
Mar. 3 Rent Expense 7,500
Cash
Mar. 5 Medical Supplies 15,250
Accounts Payable
Mar. 7 Medical Supplies 15,250
Accounts Payable
Mar. 9 Cash 18,450
Medical Revenues
Mar. 12 Laboratory Expense 1,800
Cash
Mar. 15 Salaries Expense 9,600
Cash
Mar. 17 Accounts Receivable 51,700
Medical Revenues
Mar. 20 Accounts Payable 3,750
Cash
Mar. 21 Telephone Expense 850
Cash
Mar. 22 Miscellaneous Expense 1,150
Cash
Mar. 23 Cash 27,500
Accounts Receivable
Mar. 24 Cash 27,501
Accounts Receivable
Mar. 25 Cash 27,502
Accounts Receivable
Mar. 26 Cash 27,503
Accounts Receivable
Mar. 27 Cash 27,504
Accounts Receivable
Mar. 28 Cash 27,505
Accounts Receivable
CREDIT

42,500

15,000
80,000

7,500
15,250

15,250

18,450

1,800

9,600

51,700

3,750

850

1,150

27,500

27,501

27,502

27,503

27,504
27,505
 Posting Entries to Ledger Accounts
CASH (110)
Date Debit (₱) Credit (₱) Accounts Receivable (120)
Mar. 1 42,500 Date Debit (₱)
Mar. 2 15,000 Mar. 17 51,700
Mar. 3 7,500 Mar. 23
Mar. 7 15,250 Mar. 29 40,150
Mar. 9 18,450
Mar. 12 1,800
Mar. 15 9,600 Medical Supplies (130)
Mar-17 51,700 Date Debit (₱)
Mar. 20 3,750 Mar. 7 15,250
Mar. 21 850 Mar. 25 15,250
Mar. 22 1,150
Mar. 23 27,500
Mar. 26 11,200 Salaries Expense (510)
Mar. 27 6,150 Date Debit (₱)
Mar. 28 15,000 Mar. 15 9,600
nts Receivable (120) Medical Equipment (140) Accounts Payable (220)
Credit (₱) Date Debit (₱) Credit (₱) Date Debit (₱)
Mar. 2 95,000 Mar. 7
27,500 Mar. 20 3,750

cal Supplies (130) Notes Payable (210) Refozar, Capital (310)

Credit (₱) Date Debit (₱) Credit (₱) Date Debit (₱)
Mar. 2 80,000 Mar. 1

ies Expense (510) Rent Expense (520) Laboratory Expense (530)

Credit (₱) Date Debit (₱) Credit (₱) Date Debit (₱)
Mar. 3 7,500 Mar. 12 1,800

Miscellaneous Expense (550)

Date Debit (₱)
Mar. 22 1,150
unts Payable (220) Refozar, Withdrawals (320)
Debit
Credit (₱) Date Credit (₱)
(₱)
15,250 Mar. 28 15,000

zar, Capital (310) Medical Revenues (410)

Debit
Credit (₱) Date Credit (₱)
(₱)
42,500 Mar. 9 18,450

atory Expense (530) Telephone Expense (540)

Debit
Credit (₱) Date Credit (₱)
(₱)
Mar. 21 850

aneous Expense (550)

Credit (₱)
 Refozar Medical Clinic

Trial Balance

March 31, 2016

Account Debit (₱) Credit (₱)

Cash 16,450
Accounts Receivable 64,350
Medical Supplies 24,350
Medical Equipment 95,000
Notes Payable 80,000
Accounts Payable 14,450

Refozar, Capital 42,500

Refozar, Withdrawals 15,000

Medical Revenues 110,300

Salaries Expense 20,800
Rent Expense 7,500
Laboratory Expense 1,800
Telephone Expense 850
Miscellaneous Expense 1,150
Total 247,250 247,250
 Quiz 1: BPA-1A
Answer Sheet
PART 2

Date Account Debit (₱) Credit (₱)

Feb-01 Cash 62,000
Capital - Teofisto Arenas 62,000
Feb-02 Cleaning Supplies 21,400
Accounts Payable 21,400
Feb-03 Cleaning Equipment 15,600
Accounts Payable 15,600
Feb-04 Service Vehicle 47,000
Cash 10,000
Notes Payable 37,000
Feb-05 Rent Expense 7,300
Cash 7,300
Feb-09 Cash 31,800
Service Revenue 31,800
Feb-10 Advertising Expense 1,700
Cash 1,700
Feb-12 Prepaid Insurance 4,800
Cash 4,800
Feb-13 Accounts Payable 9,000
Cash 9,000
Feb-14 Miscellaneous Expense 2,200
Cash 2,200
Feb-15 Accounts Receivable 18,600
Service Revenue 18,600
Feb-16 Salaries Expense 8,400
Cash 8,400
Feb-20 Cash 9,800
Accounts Receivable 9,800
Feb-22 Notes Payable 2,400
Cash 2,400
Feb-25 Telephone Expense 900
Cash 900
Feb-28 Salaries Expense 7,900
Cash 7,900
Feb-28 Accounts Receivable 22,500
Service Revenue 22,500
Feb-28 Drawings - Teofisto Arenas 10,000
Cash 10,000
Cash (110)

Date Description Debit (₱) Credit (₱)

Feb-01 Capital - Initial Investment 62,000
Feb-01 Service Vehicle 10,000
Feb-01 Rent Expense 7,300
Feb-09 Service Revenue 31,800
Feb-10 Advertising Expense 1,700
Feb-12 Prepaid Insurance 4,800
Feb-13 Accounts Payable 9,000
Feb-14 Miscellaneous Expense 2,200
Feb-16 Salaries Expense 8,400
Feb-20 Accounts Receivable 9,800
Feb-22 Notes Payable 2,400
Feb-25 Telephone Expense 900
Feb-28 Salaries Expense 7,900
Feb-28 Drawings 10,000
Balance (₱)
62,000 Accounts Receivable (120) Notes Paya
52,000 Date Debit (₱) Credit (₱) Date
44,700 Feb-15 18,600 Feb-01
76,500 Feb-20 9,800 Feb-22
74,800 Feb-28 22,500
70,000 Accounts Pay
61,000 leaning Supplies (130) Date
58,800 Date Debit (₱) Credit (₱) Feb-01
50,400 Feb-01 21,400 Feb-01
60,200 Feb-13
57,800 Cleaning Equipment (140)
56,900 Date Debit (₱) Credit (₱)
49,000 Feb-01 15,600
39,000
 Notes Payable (210) Arenas, Capital (310)
Debit (₱) Credit (₱) Date Debit (₱) Credit (₱)
37,000 Feb-01 62,000
2,400

Accounts Payable (220) Arenas, Withdrawals (320)

Debit (₱) Credit (₱) Date Debit (₱) Credit (₱)
21,400 Feb-28 10,000
15,600
9,000 Service Revenue (410)
Date Debit (₱) Credit (₱)
Feb-09 31,800
Feb-15 18,600
Feb-28 22,500
 Salaries Expense (510) Telephone Expense (540)
Date Debit (₱) Credit (₱) Date
Feb-16 8,400 Feb-25
Feb-28 7,900

Rent Expense (520) Miscellaneous Expense (550)

Date Debit (₱) Credit (₱) Date
Feb-01 7,300 Feb-14

Advertising Expense (530)

Date Debit (₱) Credit (₱)
Feb-10 1,700
 Telephone Expense (540)
Debit (₱) Credit (₱)
900

Miscellaneous Expense (550)

Debit (₱) Credit (₱)
2,200
 Arenas Cleaning Services

Trial Balance

February 28, 2015

Account Debit (₱) Credit (₱)

Cash 39,000
Accounts Receivable 31,300
Cleaning Supplies 21,400
Prepaid Insurance 4,800
Cleaning Equipment 15,600
Service Vehicle 47,000
Notes Payable 34,600
Accounts Payable 28,000
Arenas, Capital 62,000
Arenas, Withdrawals 10,000
Cleaning Revenues 72,900
Salaries Expense 16,300
Rent Expense 7,300
Advertising Expense 1,700
Telephone Expense 900
Miscellaneous Expense 2,200
Total 239,500 239,500