Recurring Transactions and Adjustments Following are Butler Realty Corporation’s accounts, identifi ed by number. The company has been in the real estate business for ten years and prepares fi nancial statements monthly. Following the list of accounts is a series of transactions entered into by Butler.

For each transaction, enter the number(s) of the account(s)affected.

Accounts 1. Cash 4. Offi ce Supplies 2. Accounts Receivable 5. Automobiles 3. Prepaid Rent 6. Accumulated Depreciation.

Accounts 7. Land 14. Commissions Revenue 8. Accounts Payable 15. Offi ce Supply Expense 9. Salaries and Wages Payable 16. Rent Expense 10. Income Tax Payable 17. Salaries and Wages Expense 11. Notes Payable 18. Depreciation Expense 12. Capital Stock, $10 par 19. Interest Expense 13. Paid-In Capital in Excess of Par 20. Income Tax Expense Transaction

a. Example: Issued additional shares of stock to owners at amount in excess of par. 1,12,13

b. Purchased automobiles for cash. __________

c. Purchased land; made cash down payment and signed a promissory note for the balance. __________

d. Paid cash to landlord for rent for next 12 months. __________

e. Purchased offi ce supplies on account. __________

f. Collected cash for commissions from clients for properties sold during the month. __________ g. Collected cash for commissions from clients for properties sold the prior month. __________ h. During the month, sold properties for which cash for commissions will be collected from clients next month. __________ i. Paid for offi ce supplies purchased on account in an earlier month. __________ j. Recorded an adjustment to recognize wages and salaries incurred but not yet paid. __________ k. Recorded an adjustment for offi ce supplies used during the month. __________ l. Recorded an adjustment for the portion of prepaid rent that expired during the month. __________ m. Made required month-end payment on note taken out in (c);
payment is part principal and part interest. __________ n. Recorded adjustment for monthly depreciation on the autos. __________ o. Recorded adjustment for income taxes. __________.

AppendixLO1