TAREA 3.2- TODOS LOS EJERCICIOS EX 2-7 TRANSACTIONS 11 PUNTOS Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivab Supplies; Office Equipment; Accounts Payable; Jason Payne, Capital; Jason Payne, Drawin Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expens Journalize the following selected transactions for October 2019 in a two-column journal. Jou entry explanations may be omitted. Oct. 1. Paid rent for the month, $3,960. 3. Paid advertising expense, $1,320. 5. Paid cash for supplies, $825. 6. Purchased office equipment on account, $8,800. 10. Received cash from customers on account, $16,280 15. Paid creditors on account, $7,821. 27. Paid cash for miscellaneous expenses, $440. 30. Paid telephone bill (utility expense) for the month, $275. 31. Fees earned and billed to customers for the month, $36,410 31. Paid electricity bill (utility expense) for the month, $1,155 31. Withdrew cash for personal use, $2,750. EX 2-9 Transactions and T accounts 13 puntos (Entradas de jornal -4 puntos; Cuentas T 4 puntos; pregunta 5 puntos) The following selected transactions were completed during August of the current year: 1. Billed customers for fees earned, $81,290 2. Purchased supplies on account, $2, 156. 3. Received cash from customers on account, $69,047. 4. Paid creditors on account, $902. a. Journalize these transactions in a two-column journal, using the appropriate number identify the transactions. Journal entry explanations may be omitted b. Post the entries prepared in (a) to the following T accounts: Cash, Supplies, Account Receivable, Accounts Payable, Fees Earned. To the left of each amount posted in th accounts, place the appropriate number to identify the transactions. c. Assume that the unadjusted trial balance on August 31 shows a credit balance for Accounts Receivable. Does this credit balance mean that an error has occurred? PageTAREA 3.2- TODOS LOS EJERCICIOS EX 2-7 TRANSACTIONS 11 PUNTOS Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivab Supplies; Office Equipment; Accounts Payable; Jason Payne, Capital; Jason Payne, Drawin Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expens Journalize the following selected transactions for October 2019 in a two-column journal. Jou entry explanations may be omitted. Oct. 1. Paid rent for the month, $3,960. 3. Paid advertising expense, $1,320. 5. Paid cash for supplies, $825. 6. Purchased office equipment on account, $8,800. 10. Received cash from customers on account, $16,280 15. Paid creditors on account, $7,821. 27. Paid cash for miscellaneous expenses, $440. 30. Paid telephone bill (utility expense) for the month, $275. 31. Fees earned and billed to customers for the month, $36,410 31. Paid electricity bill (utility expense) for the month, $1,155 31. Withdrew cash for personal use, $2,750. EX 2-9 Transactions and T accounts 13 puntos (Entradas de jornal -4 puntos; Cuentas T 4 puntos; pregunta 5 puntos) The following selected transactions were completed during August of the current year: 1. Billed customers for fees earned, $81,290 2. Purchased supplies on account, $2, 156. 3. Received cash from customers on account, $69,047. 4. Paid creditors on account, $902. a. Journalize these transactions in a two-column journal, using the appropriate number identify the transactions. Journal entry explanations may be omitted b. Post the entries prepared in (a) to the following T accounts: Cash, Supplies, Account Receivable, Accounts Payable, Fees Earned. To the left of each amount posted in th accounts, place the appropriate number to identify the transactions. c. Assume that the unadjusted trial balance on August 31 shows a credit balance for Accounts Receivable. Does this credit balance mean that an error has occurred? PageTAREA 3.2- TODOS LOS EJERCICIOS PR 2-1B Entries into T accounts and trial balance 20 puntos Ken Jones, an architect, opened an office on April 1, 2019. During the month, he completed the following transactions connected with his professional practice: a. Transferred cash from a personal bank account to an account to be used for the business, $19,800. b. Purchased used automobile for $21450, paying $2,750 cash and giving a note payable for the remainder. c. Paid April rent for office and workroom, $3,465. d. Paid cash for supplies, $1,595. e. Purchased office and computer equipment on account, $7, 150. f. Paid cash for annual insurance policies on automobile and equipment, $2,640. g. Received cash from a client for plans delivered, $13,200. h. Paid cash to creditors on account, $1,980 i. Paid cash for miscellaneous expenses, $413. j. Received invoice for blueprint service, due in May, $2,750. k. Recorded fees earned on plans delivered, payment to be received in May, $17,215. 1. Paid salary of assistant, $3,080. m. Paid cash for miscellaneous expenses, $220. n. Paid $330 on note payable. o. Paid gas, oil, and repairs on automobile for April, $605 Instructions 1. Record these transactions directly in the following T accounts without journalizing: Cash; Accounts Receivable; Supplies; Prepaid Insurance; Automobiles; Equipment; Accounts Pay- able; Notes Payable; Ken Jones, Capital; Professional Fees; Rent Expense; Salary Expense; Blueprint Expense; Automobile Expense; Miscellaneous Expense. To the left of each amount entered in the accounts, place the appropriate letter to identify the transaction. 2. Determine account balances of the T accounts. Accounts containing a single entry only (such as Prepaid Insurance) do not need a balance. 3. Prepare an unadjusted trial balance for Ken Jones, Architect, as of April 30, 2019. 4. Determine the net income or net loss for April.TAREA 3.2- TODOS LOS EJERCICIOS PR 2-1B Entries into T accounts and trial balance 20 puntos Ken Jones, an architect, opened an office on April 1, 2019. During the month, he completed the following transactions connected with his professional practice: a. Transferred cash from a personal bank account to an account to be used for the business, $19,800. b. Purchased used automobile for $21450, paying $2,750 cash and giving a note payable for the remainder. c. Paid April rent for office and workroom, $3,465. d. Paid cash for supplies, $1,595. e. Purchased office and computer equipment on account, $7, 150. f. Paid cash for annual insurance policies on automobile and equipment, $2,640. g. Received cash from a client for plans delivered, $13,200. h. Paid cash to creditors on account, $1,980 i. Paid cash for miscellaneous expenses, $413. j. Received invoice for blueprint service, due in May, $2,750. k. Recorded fees earned on plans delivered, payment to be received in May, $17,215. 1. Paid salary of assistant, $3,080. m. Paid cash for miscellaneous expenses, $220. n. Paid $330 on note payable. o. Paid gas, oil, and repairs on automobile for April, $605 Instructions 1. Record these transactions directly in the following T accounts without journalizing: Cash; Accounts Receivable; Supplies; Prepaid Insurance; Automobiles; Equipment; Accounts Pay- able; Notes Payable; Ken Jones, Capital; Professional Fees; Rent Expense; Salary Expense; Blueprint Expense; Automobile Expense; Miscellaneous Expense. To the left of each amount entered in the accounts, place the appropriate letter to identify the transaction. 2. Determine account balances of the T accounts. Accounts containing a single entry only (such as Prepaid Insurance) do not need a balance. 3. Prepare an unadjusted trial balance for Ken Jones, Architect, as of April 30, 2019. 4. Determine the net income or net loss for April.TAREA 3.2- TODOS LOS EJERCICIOS PR 2-2A Journal entries and trial balance 40 puntos On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the following transactions during the month: a. Sharon Matthews transferred cash from a personal bank account to an account to be used for the business, $44,000. b. Paid rent on office and equipment for the month, $6,600. c. Purchased supplies on account, $3,520. d. Paid creditor on account, $1,925. e. Earned fees, receiving cash, $20,075. f. Paid automobile expenses (including rental charge) for month, $2,068, and miscellaneous expenses, $462. g. Paid office salaries, $5,500. h. Determined that the cost of supplies used was $1,540 i. Withdrew cash for personal use, $2,200. Instructions 1. Journalize entries for transactions (a) through (i), using the following account titles: Cash; Supplies; Accounts Payable; Sharon Matthews, Capital; Sharon Matthews Drawing; Fees Earned; Rent Expense; Office Salaries Expense; Automobile Expense; Supplies Expense; Miscellaneous Expense. Explanations may be omitted. 2. Prepare T accounts, using the account titles in (1). Post the journal entries to these accounts, placing the appropriate letter to the left of each amount to identify the transactions. Determine the account balances after all posting is complete. Accounts containing only a single entry do not need a balance. 3. Prepare an unadjusted trial balance as of January 31, 2019. 4. Determine the following: a. Amount of total revenue recorded in the ledger. b. Amount of total expenses recorded in the ledger. c. Amount of net income for January. 5. Determine the increase or decrease in owner's equity for JanuaryTAREA 3.2- TODOS LOS EJERCICIOS PR 2-2A Journal entries and trial balance 40 puntos On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the following transactions during the month: a. Sharon Matthews transferred cash from a personal bank account to an account to be used for the business, $44,000. b. Paid rent on office and equipment for the month, $6,600. c. Purchased supplies on account, $3,520. d. Paid creditor on account, $1,925. e. Earned fees, receiving cash, $20,075. f. Paid automobile expenses (including rental charge) for month, $2,068, and miscellaneous expenses, $462. g. Paid office salaries, $5,500. h. Determined that the cost of supplies used was $1,540 i. Withdrew cash for personal use, $2,200. Instructions 1. Journalize entries for transactions (a) through (i), using the following account titles: Cash; Supplies; Accounts Payable; Sharon Matthews, Capital; Sharon Matthews Drawing; Fees Earned; Rent Expense; Office Salaries Expense; Automobile Expense; Supplies Expense; Miscellaneous Expense. Explanations may be omitted. 2. Prepare T accounts, using the account titles in (1). Post the journal entries to these accounts, placing the appropriate letter to the left of each amount to identify the transactions. Determine the account balances after all posting is complete. Accounts containing only a single entry do not need a balance. 3. Prepare an unadjusted trial balance as of January 31, 2019. 4. Determine the following: a. Amount of total revenue recorded in the ledger. b. Amount of total expenses recorded in the ledger. c. Amount of net income for January. 5. Determine the increase or decrease in owner's equity for January