Chapter 5 Additional Problem -- SOLID FOOTING Problem 5-3 Forms (continued) General Ledger Assets Liabilities Owners' Equity Common Dr. Cash Cr. Dr. Note Payable Cr. Dr. Stock Cr. Beg. Balance 6,000 Beg. Balance 8,000 Beg. Balance 10,000 Feb 01 9,000 Feb 02 700 Ending Balance 8,000 Ending Balance 10,000 Feb 07 1,000 Feb 11 7.500 Retained Feb 26 900 Dr. Earnings Cr. Feb 27 1,500 Dr. Interest Payable Cr. Beg. Balance Ending Balance 5.400 Beg. Balance 0 Feb 28 Accounts Ending Balance Receivable Cr. Sales Beg. Balance 0 Dr. Revenue Cr. Feb 10 4,500 Beg. Balance Feb 27 1,500 Feb 01 9,000 Ending Balance 3,000 Feb 10 4.500 Ending Balance 13,500 Dr. Inventory Cr. Beg. Balance .00 Feb 01 5,000 Cost of Goods Feb 10 2.000 Dr. Sold Cr. Feb 11 7,500 Beg. Balance Ending Balance 7,500 Feb 01 5,00 Feb 10 2,000 Ending Balance 7,000 Dr. Equipment Cr. Beg. Balance 5,000 Ending Balance 5,000 Rent Expense Cr. Beg. Balance 0 Feb 02 700 Ending Balance 700 Wages Dr. Expense Cr. Beg. Balar Feb 07 1,000 Feb 26 900 Ending Balance 1,900 Interest Expense Cr. Beg. Balance 0 Feb 28 40 Ending Balance 40