Part 1 St. Johns Paul College of Engineering received the following fees from the students.

• Tuition fees $10,000
• Library fees $500
• Special fees $1,000

The college paid $2,000 in examination fees to the Chicago University.Prepare the revenue account for the college. Part 2

Temporary and permanent accounts show a normal debit balance or a normal credit balance.

Create a table like the one above in Calc.Fill in the table by classifying the following accounts:Liabilities, Expenses, Revenue, Assets.

Part 3

John David uses the following accounts in his business. General Ledger:Cash at Bank, Accounts Receivable, Accounts Payable, Office Equipment, Sales Revenue, John David Capital, John David Withdrawals, Advertising Expenses, Rent Expenses, Salaries Expense and Utilities Expenses.

Identify the two accounts affected by each of the following transactions and indicate whether each account is debited or credited.

January 1:John David invested $50,000 in his business. January 4:Billed a customer for goods supplied worth $7,000. January 9:Issued a check for inventory purchased worth $10,000. January 12:Salaries paid to the staff $5,000.

Part 4

A company had the following economic activity during an accounting period:

• Sales during the period = $50,000
• Expenses incurred:
• As salaries = $ 2,500
• As advertising expenses = $3,000
• Deposited a check from Owners Personal Savings Account $5,000.
• Mr. Nicholas removed an office computer for his son, at the cost of $750.

Determine the end balance of the Owners Capital Account.

Part 5

David uses the following accounts in South West Airlines Service:

General Ledger:

1. Cash at Bank account
2. Cash in Hand account
3. David Capital account
4. David Withdrawals account
5. Airlines account
6. Flying Fees account
7. Accounts Receivable account
8. Advertising account
9. Fuel Oil account
10. Repairs account
11. Food Expenses account
12. Accounts Payable account

Create a table like the one below in Calc.Provide the required information for each account.The first account information has been completed as an example.

• Classify each account as asset, liability, owners equity, revenue, expenses, or withdrawal.
• Indicate the increase or decrease side as debit or credit.
• Indicate the normal balance side.

Account Name	Account Classifications	Increase Side	Decrease Side	Normal Balance
Cash at Bank	Asset	Debit	Credit	Debit

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