Exercise 2-12 a-b The T-accounts below summarize the ledger of Negrete Landscaping Company at the end of the first month of operations. 4/1 4/12 4/29 4/30 4/7 4/4 Cash No. 101 14,000 4/15 1,300 900 4/25 1,500 400 1,000 Accounts Receivable No. 112 3,000 4/29 400 Supplies No. 126 1,800 Accounts Payable No. 201 1,500 4/4 1,800 Unearned Service Revenue No. 209 4/30 1,000 Owner's Capital No. 301 4/1 14,000 Service Revenue No. 400 4/7 3,000 4/12 900 Salaries and Wages Expense No. 726 1,300 4/25 4/15 Prepare the complete general journal from which the postings to Cash were made. (Credit accou is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit (Owner's investment of cash in business) > (Purchased supplies on Account) (Billed customers for services provided) (Received cash for services performed) (Paid salaries to date) (Paid creditors on account) (Received cash in payment of account) (Received cash for future services) Exercise 2-06 a-b Lennon Industries had the following transactions 2. Borrowed $5,000 from the bank by signing a note. Paid $3,900 cash for a computer. Purchased $650 of supplies on account. 3. Indicate what accounts are increased and decreased by each transaction Debit Analysis 1. Credit Analysis 2. 3. SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Journalize each transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for No. Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS UNK TO TEXT LINK TO TEXT Exercise 2-05 (Video) The following information relates to Royale Real Estate Agency. Oct. 1 James Royale begins business as a real estate agent with a cash investment of $17,000. 2 Hires an administrative assistant. 3 Purchases office furniture for $1,900, on account. 6 Sells a house and lot for C. Rouse; bills C. Rouse $3,800 for realty services performed. 27 Pays $1,300 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $2,500 in salary for October. Journalize the transactions. (Credit account titles are automatically indented when amount is titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit > > Click if you would like to Show Work for this question: Open Show Work Exercise 2-04 (Video) The following information relates to Royale Real Estate Agency Oct. 1 James Royale begins business as a real estate agent with a cash investment of $17,000. 2 Hires an administrative assistant. 3 Purchases office furniture for $1,900, on account. 6 Sells a house and lot for C. Rouse; bills C. Rouse $3,800 for realty services performed 27 Pays $1,300 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $2,500 in salary for October Prepare the debit-credit analysis for each transaction. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts Debit-Credit Analysis Effect on Accounting Equation Effect on Amounts Oct. 1 Debits Debit $ : Credits v Credit Oct. 2 Debits Debit Credits > Credit $ Oct. 3 Debits Credit Oct. 6 Debits Debit 23 Click it would be to Show Work for this questioni An inexperienced bookkeeper prepared the following trial balance. SHAUSHANK COMPANY Trial Balance December 31, 2020 Debit Credit $10,600 $3,500 3,000 2,200 Cash Prepaid Insurance Accounts Payable Uneared Service Revenue Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Rent Expense 9,000 4,500 25,400 18,600 2,400 $47,800 $31,400 Prepare a correct trial balance, assuming all account balances are normal. SHAUSHANK COMPANY Trial Balance Debit Credit $ Totals Click if you would like to Show Work font From the ledger balances given below, prepare a trial balance for the Amar Company at 30, 2020. balances aroma Accounts Payable $8,100 Cash $5,800, Owner's Capital $15.000. Owner's Drawings $1,200, Equipment $17.000, Service Revenue 10,000, Accounts Receivable $3,000, Salaries and wages Expense 5.100, and Rent pense $1,000 AMARO COMPANY Trial Balance Debit Credit Totalls Brief Exercise 2-08 Selected transactions for the Walt Bryce Company are presented in journal form below. Date Account Titles and Explanation Ref. Debit Credit May 5 Accounts Receivable 5,400 Service Revenue 5,400 (Billed for services performed) 12 Cash 4,200 Accounts Receivable 4,200 (Received cash in payment of account) 15 Cash 3,000 Service Revenue 3,000 (Received cash for services performed) Post the transactions using the standard form of account. (Post entries in the order presented in the problem statement.) Cash Date Explanation Ref. Debit Credit Balance J1 J1 Accounts Receivable Date Explanation Ref. Debit Credit Balance 31 J1 Service Revenue Date Explanation Ref. Debit Credit Balance J1 J1 Click if you would like to Show Work for this question: Open Show Work Brief Exercise 2-07 Selected transactions for the Walt Bryce Company are presented in journal form below. 12 Date Account Titles and Explanation Ref. Debit Credit May 5 Accounts Receivable 5,400 Service Revenue 5,400 (Billed for services performed) Cash 4,200 Accounts Receivable 4,200 (Received cash in payment of account) Cash 3,000 Service Revenue 3,000 (Received cash for services performed) Post the transactions to T-accounts and determine each account's ending balance. (Post entries in the order presented in the problem statement.) 15 Cash Accounts Receivable Brief Exercise 2-06 M. Bonzales has the following transactions during August of the current year. Aug. 1 4 Opens an office as a financial advisor, investing $9,000 in cash. Pays insurance in advance for 6 months, $2,100 cash. Receives $3,600 from clients for services performed. Pays secretary $1,000 salary. 16 27 Journalize the transactions. (Credit account titles are automatically indented when amount and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit > Click if you would like to Show Work for this question: Open Show Work Brief Exercise 2-05 M. Gonzales has the following transactions during August of the current year. Indicate the effect on the accounting equation and the debit-credit analysis. Aug. 1 Opens an office as a financial advisor, investing $9,000 in cash 4 Pays Insurance in advance for 6 months, $2,100 cash 16 Receives $3,600 from clients for services performed 27 Pays secretary $1,000 salary. Effect on Accounting Equation Debit Credit Analysis Aug. 1 The asset Debats Debit the owner's equity account Credits Credit The set Det Debit the Credits Credit Aug. 16 The asset Debits Debit the revenue Credits Credit Aug. 27 The expense Debits Debit Credits Credit Click if you would like to show Work for this question Doon Show Work Brief Exercise 2-04 Shea Jonas, a fellow student, is unclear about the basic steps in the recording process. Identify the steps in the order in which they occur. 1. 2.