A group of student investors in Hong Kong opened Campus Laundromat Ltd. on September 1, 2017. During the first month of operations, the following transactions occurred. Sept. 1 Shareholders invested HK $200,000 cash in the business in exchange for ordinary shares. 2 Paid HK $10,000 cash for store rent for the month of September. 3 Purchased washers and dryers for HK $250,000, paying HK $100,000 in cash and signing a HK $150,000,6-month, 12% note payable. 4 Paid HK $12,000 for a one-year accident insurance policy. 10 Received a bill from the Daily News for advertising the opening of the laundromat HK$2,000. 20 Declared and paid a cash dividend to shareholders HK $7,000. 30 Determined that cash receipts for laundry fees for the month were HK\$62,000. The chart of accounts for the company is the same as for Yazici Advertising A.S. (Hllustration 2-19 on page 64) except for the following: No. 610 Advertising Expense. Muestom OI \begin{tabular}{|c|c|c|c|c|c|} \hline & & Divi & inds & & Ne,132 \\ \hline Dale & Explanation & Ret. & Debit & Crevili & Halunse \\ \hline \begin{tabular}{l} 2017 \\ \$ept 20 \end{tabular} & & 31 & 2,000 & & 7,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Advertising lixpense } & No. 610 \\ \hline takt & Exquanatkan & Kef: & Debit & Crodit & Batare \\ \hline \begin{tabular}{l} 2017 \\ seje. 10 \end{tabular} & & 11 & 2,0001 & & 2.509 \\ \hline \end{tabular} tel CAMPUS LAUNDROMAT LTD. Trial Balance September 30, 2017 \begin{tabular}{|c|c|c|c|c|c|} \hline & \multicolumn{3}{|c|}{ Rent Kapense } & \multicolumn{2}{|r|}{ So. 729} \\ \hline Date: & Explanation & Ref & Detit & Crndii & Hilancer \\ \hline \begin{tabular}{l} 2017 \\ Sept 2 \end{tabular} & & & 1004 & & Jesen \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ September 30, 2017} \\ \hline & Debit & Credii \\ \hline Cast & 11K5133,000 & \\ \hline Prepaid Imurance & 12,000 & \\ \hline Exuponent & 250.000 & \\ \hline Noter Payabie. & & IIK $150,00 \\ \hline Accomais Payble. & & 2,000 \\ \hline Share Capital-Ordinary & & 200,000 \\ \hline Dividends. & 7,000 & \\ \hline Service Revenue & & 02,000 \\ \hline Advenising Expenive & 2000 & \\ \hline \multirow[t]{2}{*}{ Rent Expeticer } & 10.000 & \\ \hline & HKS114000 & 116.414,000 \\ \hline \end{tabular} BE2-9 From the ledger balances given below, prepare a trial balance for the Starr SE at June 30, 2017. List the accounts in the order shown on page 73. All account balances are normail Aowounts Payable 8,600, Cash 6,800, Share Capital-Ordinary 20,000, Dividends es00. Equipment 17,000, Service Reventie 6,000. Accounts Receivable 3,000, Salaries and Wages Expense 6,000, and Rent Expense 1,000. BE2.1 For each of the following accounts, indicate the effects of (a) a debit and (b) credit on the accounts and (c) the notmal balance of the account. 1. Accounts Pavable. 2. Advertising Eypense. 3. Sernice Reveruc. 4. Accounts Receivable. 5. Share Capital-Ordinary. 6. Dividends BE2.5 J.A. Motzek SA has the following transactions during August of the current yea Indicate (a) the effect on the accounting equation and (b) the debit-credit analysis illistrated on pages 6570. Aug. 1 Opens an office as a financial advisor, investing R$5,000 in cash in exchange for ordinary shares. 4 Pass insurance in advance for 6 months, R $1.800 cash. 16 Receives R $1,100 from clients for services performed. 27. Pats secretary R$1,000 salary: BE2-9 From the ledger balances given below, prepare a trial balance for the Starr SE at June 30. 2017. List the accounts in the order shown on page 73. All account balances are normal. Aowounts Payable 8,600, Cash 6,800, Share Capital-Ordinary 20,000, Dividends es00. Equipment 17,000, Service Revenue 6,000, Accounts Receivable 3,000, Salaries and Wages Expense 6,000, and Rent Expense 1,000
