Wednesday 25 July 2012


Exercise 2-11
Presented below is the ledger for Heerey Co.
Cash              
No. 101
10/1
5,000 
10/4
400 
10/10
650 
10/12
1,500 
10/10
4,000 
10/15
250 
10/20
500 
10/30
300 
10/25
2,000 
10/31
500 

Accounts Receivable
No. 112
10/6
800 
10/20
500 
10/20
940 



Supplies          
No. 126
10/4
400 


    

Furniture          
No. 149
10/3
2,000 


    

Notes Payable      
No. 200


10/10
4,000 
    

Accounts Payable    
No. 201
10/12
1,500 
10/3
2,000 
    

Heerey, Capital
No. 301


10/1
5,000


10/25
2,000

Service Revenue
No. 407


10/6
800 


10/10
650 


10/20
940 

Heerey, Drawing
No. 306
10/30
300 


    

Store Wages Expense
No. 628
10/31
500 


    

Rent Expense     
No. 729
10/15
250 


    
Instructions
(a) Reproduce the journal entries for the transactions that occurred on Oct 1, 10, and 20.
(b) Determine the October 31 balance for each of the accounts above, and complete the trial balance at October 31, 2010. (If answer is zero, please enter 0. Do not leave any fields blank.)

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