3-1: account indicated the rffect of debit or a credit on account and normal balance

room revenue

rent expense

salary payable

capital

food revenue

cash

also need help on 3-8 to 3-10

for 3-10 instruction is to journalize the march transactions

(a) Prepare the complete general journal entries (including explanations) from which the postings to Cash were made. (b) Prepare a trial balance at April 30, 2008. 3-8 Evergreen Campground was started on June 1 by Jolene and David Collier. The follow. ing selected events and transactions occurred during June. June 1 Invested $150,000 cash in the business in exchange for common stock. 4 Purchased land costing $40,000 for cash. 8 Incurred advertising expense of $3,500 on account. 20. Prodived 190000 in tach fer afminain firs 90. Reowived 55.im in cath fer afmitebie fices. latmorilens Burnaliat the Aperl iramactiont fuouncts the following evcwib ahd ininsactions evrurred: Srit. I Inveded san000 cash in exchange for ournore stock. 2 Hired a accetary-recejtioniet at a salary is 5:45 ger month. 3. Purchased 5 i 500 of supplien on ancount from lins Sepply Company. 7 Paid olfioe reat of 51$500 for the month. 12. Rescived 57000 advance on a manapement cocieling ongagement. 17 Keccived cabh of 57.150 for servicess oveplened for Musar Cormpany. 31 Raid sectetary-reepticonist \$2.4so salafy for the menth 31. Rad avy of balarec dar Roos Sepaly Canrepeny. The company wses the followiag chart of awounts Na. 101 Carh. No. 11 Aerwants Rrecsivable, farmacrievet (a) Jourmalise the trancactions. (b) Post to the fedier accounts: (4) Prepare a trial balance on September 30, 2008. 3f Surcpar Miniature Gol and Drivine Hanse was opened en Waych 1 by Bith Aifleck. The following helected evenss and transactions chceurred during March Mar. I Invested 560,000 cath in the buniness is eschungc frot wommon atock. 1 Furchased Lee's Got land for 528,500 cath. The price congists of land 523,500, building 59,000 , and equipment 56 frop (Make one coetpound entry.) 5 Advertised the opening of the driving range and miniture golf course, paying. advertiving expenies of 51 fox. 6 Prid cash 51,590 for a ane-year insurasce policy. 19 Purchascd golf cluts and ocher equipment for \$3.fon from Panton Compony payable ia 19 days. 18 Received 5800 in cash for golf focs carncd. 19. Sold 100 coupon books for 515 cach. Fach hook costains 10 coupoes that enable the holder to play one rosud of miniatete polf ot to hit one bocket of goll balli. 25 Dedared and paid 51,100 cash dividend. 30) Paid walarics of $Mx. 30 Paid Parton Company in full. II Reccived 5500 cach for fecs earnce. Tharraterions (a) Post the transactions to T accounts- (b) Prepare a trial balance at August 31, 2008. 3-7 The T' accounts below summariae the ledger of Mardi Gras Catering Corporation at the end of the first month of operations: Instructions (a) Prepare the complete gencral joumal entries (inclodins explanations) from which the postings to Cash were made. (b) Prepare a trial balance at April 30, 2008. 3-8 Evergreen Campground was started on June 1 by Jolene and David Collier. The following relected events and transactions occurred during lune. June 1 Invested 5150,000 cash in the business in exchange for common stock. 4 Purchased land costing 540,000 for cash. 8 Incurred advertising expense of 53.500 on account. 11 Paid salarici to employeses \$1.500 12. Hired Campground masager at a salary of 35,000 per monath. effecthe luby 15. 13. Paid 82,000 for a one-ycar insurance poliey. 20 Received 89,000 in cath for aderivion fers. 30 Received $5.000 in cash for adminion fees. 30. Paid 51,000 on account for advertising itczarted on lanc 8 . Everereen uses the folsowing accounte. Carh, Proguad Inueratos, Last, Accoune Payable, Uncarned Admissions, Common Slock; Adminobo Revenoe, Advertiainy Fremeri and Sataries Fixpente. fratructions Journalize the April transactions 59. Alyson Clark is a licensed incorporated CPA. Darieg the first month of eperations of the business, the following events and transactions nocuried: Sept. I Irvested $40,000 cash in exchange for enenon wock. 2 Hired a secretary-receptioniod at a salary of SZ,44 fer month. 3 Purchased 51,500 of sepplier on acoouen truen Rose Sepply Company: 7 Paid office rent of 51,900 for the month 11 Compleled a tax absignment and trlled dient 51.900 for services rendered. 12 Reccived 57,000 advance on a managerncet coesalting engaturaedt. 17 Reccived canti of $2.350 fot services oserfleted for Matter Company. 31 Paid serretary-tecepticant 57.4visalary for the noeth 31 Paid 40% of balance due Ross Supply Conytany The eompany ures the following chart of acoounts. No. 301 Cosh. No. 112 Accounts Receivable, No. 126 Supplics. No 201 Accoants Payable, No. 26 . Uocarned Revenoe, No. 311 Common Slock. Na. 400 Service Revenue. Na. 726 Salariss Expense, and Na. 799 Rent Expenve. Incructions (a) fournalire the tramsactions. (b) Pont to the Iedper acoounts (c) Prepare a trial balance on 5 epiemher 34,2000 . 141e Sarepar Miniature Golf and Drivine Range was opened ce March If by Bil AtBeck. The following selected events and tranictions occurred deries Murchc Mar. I fovested $600000 exth in the hauness it crchanes for common stock 3. Purchased Lee's Golf Land for 338,000 enh The price consints of land 523.000. building 59000, and equipment 56000 . (Make onc osenpoend enirg) 5 Advertived the opening of the deiving range and mianare goll course, paying advertising expenses of 51,t in 1 . 6 Paid cash $1,480 for a one-ycar insurance pollcy. 10. Purchased golf clabs and othet cquipecat for $260 trom Parton Company payable in 30 dayx. 18. Received 5800 in cish for polf foes camed. 19 Sold 100 coupon books for $15 cach. Each hook onntwins 10 soupons that enable the holder to play one round of miniature golf of to hit coe backet of golf balls. 25 Declared and gaid 51,000 cash dividenat. 30 . Paid salaries of 5600 . 30. Paid Parton Company in fall. 31 Received 5500 cash for foes earned. 11. Affeck uses the folloming accounts Cath; Progald Insurance; Land; Bioldings: Equipment; Aasounts Payables Unearned Revenue; Coamon Stuck: Dividerods, Golf Revewue, Advertiung Etpense, and Salanes Expense. PTER 3 The Recording Process Debit The left side of an account (p. 69). Dividend A distribution by a corporation to its stockholders on a pro rata (equal) basis (p. 71). Double-entry system A system that records in appropriate debit, credit, and balance amounts accounts the dual effect of each transaction (p. 69). Trial balance A list of accounts and General journal The most basic form of journal (p. 75). time (p. 88). EXERCISES 3-1 For each of the following accounts indicate (a) the effect of a debit or a credit on the account and (b) the normal balance. 1. Rooms Revenue 2. Rent Expense 3. Salary Payable 4. Capital 5. Food Revenue 0. 6. Cash 3-2 Transactions for Milton's Wings and Pizza for the month of June are prese Identify the accounts to be debited and credited for each transaction, and journali