EX 2-5 Journal entries Based upon the T accounts in Exercise 2-4, prepare the eight journal entries from which the postings were made Journal entry explanations may be omitted. EX 2-6 Trial balance Based upon the data presented in Exercise 2-4, prepare an unadjusted trial balance, listing the accounts in their proper order Total Debit column $43.400 2 EX 2-7 Normal entries for accounts During the month, Iris Labs Co. has a substantial number of transactions affecting each of the following accounts. State for each account whether it is likely to have (a) debit entries only, (b) credit entries only, or (e) both debit and credit entries. 1. Accounts Payable 4. Fees Earned 2. Accounts Receivable 5. Insurance Expense 3. Cash 6. Nicki Swanson, Withdrawals EX 2-8 Normal balances of accounts 2 Identify each of the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit. a. Accounts Payable f. Fees Earned b. Accounts Receivable & Office Equipment c. Barbara Mallary, Capital h. Rent Expense d. Barbara Mallary, Withdrawals i. Supplies e. Cash j. Wages Expense 111 OT Owners EX 2-5 Journal entries Tased upon the accounts in Nercise 2.4. prepare the journal entries from which the postings were made. Journal entry explanations may be omitted EX 2-5 Journal entries Based upon the T accounts in Exercise 2-4, prepare the eight journal entries from which the postings were made Journal entry explanations may be omitted. EX 2-6 Trial balance Based upon the data presented in Exercise 2-4, prepare an unadjusted trial balance, listing the accounts in their proper order Total Debit column $43.400 2 EX 2-7 Normal entries for accounts During the month, Iris Labs Co. has a substantial number of transactions affecting each of the following accounts. State for each account whether it is likely to have (a) debit entries only, (b) credit entries only, or (e) both debit and credit entries. 1. Accounts Payable 4. Fees Earned 2. Accounts Receivable 5. Insurance Expense 3. Cash 6. Nicki Swanson, Withdrawals EX 2-8 Normal balances of accounts 2 Identify each of the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit. a. Accounts Payable f. Fees Earned b. Accounts Receivable & Office Equipment c. Barbara Mallary, Capital h. Rent Expense d. Barbara Mallary, Withdrawals i. Supplies e. Cash j. Wages Expense 111 OT Owners EX 2-5 Journal entries Tased upon the accounts in Nercise 2.4. prepare the journal entries from which the postings were made. Journal entry explanations may be omitted
