Name Brief Exercises 3-1 to 3-4 Section Date BE3-1 BE3-2 BE
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1 Name Brief Exercises 3-1 to 3-4 BE3-1 BE3-2 BE
2 Name Brief Exercises 3-4 to 3-6 BE3-4 BE3-5 BE
3 Name Brief Exercises 3-7 to 3-10 BE3-7 BE3-8 BE3-9 BE
4 Name Brief Exercises 3-11 to 3-14 BE3-11 BE3-12 BE3-13 BE3-14 (a) (b) (c) (d) (e) 3-4
5 Name Brief Exercises 3-15 to *3-16 BE3-15 *BE
6 Name Exercise 3-1 Charlie Ainsworth Apr. 3-6
7 Name Exercise 3-2 Wanda Landowska Company Wanda Landowska Company Trial Balance April 30, 2005 Debit Credit 3-7
8 Name Exercise 3-3 Blues Corner Corporation Cash Accounts Payable Accounts Receivable Common Shares Supplies on Hand Retained Earnings Furniture and Equipment Service Revenue Office Expense 3-8
9 Name Exercise 3-3 Concluded Blues Corner Corporation Blues Corner Corporation Trial Balance April 30 Debit Credit 3-9
10 Name Exercise 3-4 to 3-5 E3-4 Chris Cross Inc. Trial Balance June 30, 2006 Debit Credit E
11 Name Exercise 3-6 Karen Pain D.D.S
12 Name Exercise 3-7 Pansy Limited (a) (b) (c ) (d) 3-12
13 Name Exercise 3-8 Benson Balladucci
14 Name Exercise 3-9 Urdu Limited (a) (b) 3-14
15 Name Exercise 3-10 Greco Resort Limited (a)
16 Name Exercise 3-10 Concluded Greco Resort Limited Greco Resort Limited Trial Balance August 31, 205 Debit Credit 3-16
17 Name Exercise 3-11 to 3-12 E3-11 (a) (b) E
18 Name Exercise 3-13 to 3-14 E3-13 Accounts Adjusted Trial Balance Income Statement Balance Sheet Dr. Cr. Dr. Cr. Dr. Cr. Cash Merchandise Inventory Sales Sales Returns and Allowances Sales Discounts Cost of Goods Sold E3-14 (a) (b) (c ) (d) (e) 3-18
19 Name Exercise 3-15 (a) (b) (c ) (d) (e) (f) (g) (h) (i) 3-19
20 Name Exercise 3-16 to 3-17 E3-16 E
21 Name Exercise 3-18 Potter Roofing Inc. Potter Roofing Inc. Work Sheet For the Month Ended March 31, 2006 Trial Balance Adjustments Adjusted Trial Bal. Income Statement Balance Sheet General Ledger Account Debit Credit Debit Ref. Credit Debit Credit Debit Credit Debit Credit Cash 2,300 Accounts Receivable 2,600 Roofing Supplies 1,100 Equipment 6,000 Accumulated Amortization - Equip. 1,200 Accounts Payable 1,100 Unearned Service Revenue 300 Common Shares 6,400 Retained earnings 600 Service Revenue 3,000 Salaries Expense 500 Miscellaneous Expense ,600 12,600 Supplies Expense Amortization Expense Salaries Payable 3-21
22 Name Exercise 3-19 Widijat Company Widijat Company Worksheet (partial) For the Month Ended April 30, 2005 Accounts Adjusted Trial Balance Income Statement Balance Sheet Dr. Cr. Dr. Cr. Dr. Cr. Cash 18,472 Accouts receivable 6,920 Prepaid rent 3,280 Equipment 18,050 Accumulated amortization 4,895 Notes Payable 6,700 Accounts Payable 4,472 Widijat, Capital 34,960 Widijat, Drawing 6,650 Service Revenue 11,590 Salaries Expense 6,840 Rent Expense 2,260 Expense 145 Interest Expense 83 Interest Payable 83 62,700 62,
23 Name Exercise 3-19 Concluded Widijat Company Widijat Company Balance Sheet April 30,
24 Name Exercise 3-20 Jurasic Inc. Jurrasic Inc. Worksheet (partial) For the Month Ended February 28, 2006 Trial Balance Adjustments Adjusted Trial Bal. Income Statement Balance Sheet Account Titles Debit Credit Debit Ref. Credit Debit Credit Debit Credit Debit Credit Supplies Expense 1,756 Accumulated Amortization 6,939 Interest Payable 150 Supplies Expense 300 Amortization Expense 6,400 Interest Expense
25 Name Exercise 3-21 Scratch Miniature Gold and Driving Range Inc. J1 Account Titles and Explanations Debit Credit Mar 3-25
26 Name *Exercise 3-22 Lyman Corporation (a) (b) 3-26
27 Name *Exercise 3-23 Cree Inc. (a) Dec. 31 (b) (c) & (e) Accounts Receivable Service Revenue Interest Payable Interest Expense (d) (1) (2) 3-27
28 Name *Exercise 3-24 Barenboim Inc. (a) Adjusting Entries: (b) Reversing Entries:
29 Name Problem 3-1 Isao Aoki, D.D.S. (a) and (d) Cash Furniture and Equipment Isao Aoki, Capital Accounts Receivable Accounts Payable Rent Expense Service Revenue Supplies on Hand Accumulated Amortization Amortization Expense Miscellaneous Office Expense Office Salaries Expense Income Summary Supplies Expense 3-29
30 Name (b) Isao Aoki, D.D.S. Trial Balance September 30 Debit Problem 3-1 Continued Isao Aoki, D.D.S. Credit (c ) Isao Aoki, D.D.S. Income Statement for the Month of September 3-30
31 Name (c ) continued Assets Isao Aoki, D.D.S. Balance Sheet As of September 30 Liabilities Problem 3-1 Concluded Isao Aoki, D.D.S. Owner's Equity Isao Aoki, D.D.S. Statement of Owner's Equity for the Month of September (e) Isao Aoki, D.D.S. Post Closing Trial Balance September 30 Debit Credit 3-31
32 Name Problem 3-2 Yancy Advertising Agency Limited (a) Dec. 31 (b) Yancy Advertising Agency Limited Income Statement for the Year Ended December 31,
33 Name Problem 3-2 Concluded Yancy Advertising Agency Limited Yancy Advertising Agency Limited Statement of Retained Earnings for the Year Ended December 31, 2004 Yancy Advertising Agency Limited Balance Sheet December 31, 2004 Assets Liabilities and Shareholders' Equity (c )
34 Name Problem 3-3 Okanagen Inc. 1 Dec
35 Name Problem 3-4 Zhou Limited (a) Zhou Limited Income Statement for the Year Ended December 31, 2005 Zhou Limited Statement of Retained Earnings for the Year Ended December 31, 2005 Zhou Limited Balance sheet December 31, 2005 Assets 3-35
36 Name Problem 3-4 Continued Zhou Limited Zhou Limited Balance sheet December 31, 2005 Liabilities and Shareholders' Equity (b) Dec. 31 General Journal Account Titles and Explanation Ref. Debit Credit 3-36
37 Name Problem 3-4 Concluded Zhou Limited (c ) Retained Earnings No. 306 Amortization Expense No.711 Income Summary No. 350 Insurance Expense No.722 Service Revenue No.400 Salaries Expense No. 726 Repairs Expense No. 622 Utilities Expense No. 732 Zhou Limited Post-Closing Trial Balance December 31, 2005 Debit Credit 3-37
38 Name Problem 3-5 Noah's Ark (a) Trial Balance Noah's Ark Worksheet For the Year Ended September 30, 2005 Adjustments Adjusted Trial Bal. Income Statement Balance Sheet Account Titles Debit Credit Debit Ref. Credit Debit Credit Debit Credit Debit Credit Cash 37,400 Supplies 18,600 Prepaid Insurance 31,900 Land 80,000 Equipment 120,000 Accum. Amort. 36,200 Accounts Payable 14,600 Unearned Ad. Rev. 2,700 Mortgage Payable 50,000 N. Y. Berge, Capital 109,700 N. Y. Berge, Drawing 14,000 Admissions Revenue 278,500 Salaries Expense 109,000 Repair Expense 30,500 Advertising Expense 9,400 Utilities Expense 16,900 Prop. Taxes Expense 18,000 Interest Expense 6, , ,
39 Name Problem 3-5 Continued (1) Noah's Ark (a) Continued Trial Balance Noah's Ark Worksheet - Continued For the Year Ended September 30, 2005 Adjustments Adjusted Trial Bal. Income Statement Balance Sheet Account Titles Debit Credit Debit Ref. Credit Debit Credit Debit Credit Debit Credit Insurance Expense Supplies Expense Interest Payable Amort. Expense Prop. Taxes Payable 3-39
40 Name Problem 3-5 Continued (2) Noah's Ark (b) Noah's Ark Balance Sheet September 30, 2005 Assets Liabilities and Owner's Equity 3-40
41 Name Problem 3-5 Continued (2) Noah's Ark (c) Sept. 30 (d) Sept
42 Name (e) Noah's Ark Post-Closing Trial Balance September 30, 2005 Problem 3-5 Concluded Noah's Ark Debit Credit 3-42
43 Name Problem 3-6 Bhopal Fashion Centre Inc. (a) Trial Balance Bhopal Fashion Centre Inc. Worksheet For the Year Ended November 30, 2005 Adjustments Adjusted Trial Bal. Income Statement Balance Sheet Account Titles Debit Credit Debit Ref. Credit Debit Credit Debit Credit Debit Credit Cash 16,700 Accounts Receivable 43,700 Merchandise Inventory 45,000 Store Supplies 5,500 Store Equipment 85,000 Store Equipment 18,000 Delivery Equipment 48,000 Delivery Equipment 6,000 Notes Payable 41,000 Accounts Payable 58,500 Common Shares 100,000 Retained Earnings 8,000 Sales 747,200 Allowances 4,200 Cost of Goods Sold 497,400 Salaries Expense 140,000 Advertising Expense 26,400 Utilities Expense 14,000 Repair Expense 12,100 Delivery Expense 16,700 Rent Expense 24, , ,
44 Name Problem 3-6 Continued (a) Continued Bhopal Fashion Centre Inc. Bhopal Fashion Centre Inc. Worksheet For the Year Ended November 30, 2005 Trial Balance Adjustments Adjusted Trial Bal. Income Statement Balance Sheet Account Titles Debit Credit Debit Ref. Credit Debit Credit Debit Credit Debit Credit Store Supplies Expense Amortization Expense- Store Equipment Amortization Expense- Delivery Equipment Interest Expense Interest Payable 3-44
45 Name Problem 3-6 Continued (2) Bhopal Fashion Centre Inc. (b) Bhopal Fashion Centre Inc. Income Statement For the Year Ended November 30,
46 Name Problem 3-6 Continued (3) Bhopal Fashion Centre Inc. (b) Continued Bhopal Fashion Centre Inc. Retained Earnings Statement For the Year Ended November 30, 2005 Bhopal Fashion Centre Inc. Balance Sheet November 30, 2005 Assets Liabilities and Shareholders' Equity 3-46
47 Name Problem 3-6 Continued (4) Bhopal Fashion Centre Inc. (c) Nov. 30 (d) Nov
48 Name (e) Bhopal Fashion Centre Inc. Post-Closing Trial Balance November 30, 2005 Problem 3-6 Concluded Bhopal Fashion Centre Inc. Debit Credit 3-48
49 Name Problem 3-7 Hardisty Department Store Incorporated (a) Hardisty Department Store Incorporated Income Statement For the Year Ended December 31,
50 Name (a) Continued Hardisty Department Store Incorporated Retained Earnings Statement For the Year Ended December 31, 2006 Problem 3-7 Continued Hardisty Department Store Incorporated Hardisty Department Store Incorporated Balance Sheet December 31, 2006 Assets Liabilities and Shareholders' Equity 3-50
51 Name Problem 3-7 Concluded Hardisty Department Store Incorporated (b) Dec. 31 (c) Dec
52 Name Problem 3-8 Alexander Theatre (a) (b) 3-52
53 Name Problem 3-9 Huhammad Moamar, Consulting Engineer (a) Dec
54 Name (b) Huhammad Moamar, Consulting Engineer Income Statement For the Year Ended December 31, 2006 Problem 3-9 Continued Huhammad Moamar, Consulting Engineer Huhammad Moamar, Consulting Engineer Statement of Owner's Equity For the Year Ended December 31,
55 Name (a) Continued Huhammad Moamar, Consulting Engineer Balance Sheet December 31, 2006 Assets Problem 3-9 Concluded Huhammad Moamar, Consulting Engineer Liabilities and Owner's Equity 3-55
56 Name Problem 3-10 Andrew Advertising Corporation (a) Dec. 31 (b) Andrew Advertising Corporation Income Statement For the Year Ended December 31,
57 Name (b) Continued Andrew Advertising Corporation Retained Earnings Statement For the Year Ended December 31, 2005 Problem 3-10 Concluded Andrew Advertising Corporation Andrew Advertising Corporation Balance Sheet December 31, 2005 Assets Liabilities and Shareholders' Equity (c )
58 Name Problem 3-11 Joachim Anderson, Realtor 3-58
59 Name Problem 3-11 Concluded Joachim Anderson, Realtor 3-59
60 Name Problem 3-12 Millcraft Golf Club, Inc. (a). (b) and (d) Cash Rent Receivable Accounts Receivable Unexpired Insurance Allowance for Doubtful Accounts Land Building Equipment Accumulated Amortization - Building Accumulated Amortization - Equipment Unearned Dues Revenue Salaries Payable Common Shares Retained Earnings Green Fees Revenue Dues Revenue 3-60
61 Name Problem 3-12 Continued (1) Millcraft Golf Club, Inc. (a). (b) and (d) Rental Revenue Bad Debts Expense Utilities Expense Maintenance Expense Insurance Expense Salaries Expense Amortization Expense - Building Amortization Expense - Equipment Income Summary 3-61
62 Name Problem 3-12 Continued (2) Millcraft Golf Club, Inc. (b) 3-62
63 Name Problem 3-12 Continued (3) Millcraft Golf Club, Inc. (c) Millcraft Golf Club, Inc. Adjusted Trial Balance December 31, XXXX Debit Credit 3-63
64 Name Problem 3-12 Concluded Millcraft Golf Club, Inc. (d) 3-64
65 Name Problem 3-13 Drew Boutique Inc. (a). (b) and (d) Cash Accounts Receivable Inventory Furniture and Fixtures Prepaid Insurance Notes Payable Common Shares Sales Sales Salaries Expene Advertising Expense Bad Debts Expense Office Expense Interest Payable Amortization Expense - Furn.& Equip. Office Supplies Salaries Payable 3-65
66 Name Problem 3-13 Continued Drew Boutique Inc. (a). (b) and (d) Retained Earnings Cost of Goods Sold Allowance for Doubtful Accounts Accumulated Amort. - Furn. & Equip. Insurance Expense Interest Expense Prepaid Advertising Expense Income Summary 3-66
67 Name Problem 3-13 Concluded Drew Boutique Inc. (b) 3-67
68 Name Problem 3-14 Clancy Inc. (a)
69 Name Problem 3-14 Concluded Clancy Inc. (a) Continued (b) 3-69
70 Name Problem 3-15 Lentil Ltd. (a) (b) 3-70
PROBLEM 3-2B. (a) J1 Date Account Titles Ref. Debit Credit May 31 Insurance Expense Prepaid Insurance...
PROBLEM 3-2B (a) J1 Date Account Titles Ref. Debit Credit May 31 Insurance Expense... 722 190 Prepaid Insurance... ($2,280 X 1/12) 130 190 31 Supplies Expense... Supplies ($2,200 $)... 631 126 1,450 1,450
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