Problem 2-2AName: Sherisse' Woodley

Section: PR 2-2A

Score: ###

Key Code: [Key code here]

Answers are entered in the cells with gray backgrounds.

Cells with non-gray backgrounds are protected and cannot be edited.Enter the appropriate amounts/formulas in the answer cells, or select from the drop-down list. An asterisk (*) will appear next to or below an incorrect entry only in the outlined cells. Only ending balances of T accounts will be graded.

In the trial balance, enter a zero in answer cells you would otherwise leave blank.

1. Account Debit Credit

(a) Cash 20,000

Faith Schultz, Capital 20,000

(b) Rent Expense 3,750

Cash 3,750

(c) Supplies 1,100

Accounts Payable 1,100

(d) Accounts Payable 400

Cash 400

(e) Cash 16,750

Sales Commissions 16,750

(f) Automobile Expense 1,000

Miscellaneous Expense 700

Cash 1,700

(g) Office Salaries Expense 2,150

Cash 2,150

(h) Supplies Expense 600

Supplies 600

(i) Faith Schultz, Drawing 1,000

Cash 1,000

Instructions

2.

Cash Sales Commissions

a 20,000 b 3,750 - e 16,750

e 16,750 d 400

f 1,700

h 2,150 Rent Expense

i 1,000 b 3,750 -

Bal. 27,750

Supplies Office Salaries Expense

c 1,100 h 600 g 2,150 -

Bal. 500

Accounts Payable Automobile Expense

d 400 c 1,100 f 1,000 -

Bal. 700

Faith Schultz, Capital Supplies Expense

- a 20,000 h 600 -

Faith Schultz, Drawing Miscellaneous Expense

i 1,000 - f 700 -

3. HEAVENLY REALTY

Unadjusted Trial Balance

October 31, 2012

Debit Credit

Cash 27,750 -

Supplies 500 -

Accounts Payable - 700

Faith Schultz, Capital - 20,000

Faith Schultz, Drawing 1,000 -

Sales Commissions - 16,750

Rent Expense 3,750 -

Office Salaries Expense 2,150 -

Automobile Expense 1,000 -

Supplies Expense 600 -

Miscellaneous Expense 700 -

37,450 37,450

4.

a. ### $ 16,750

b. ### $ 8,200

Problem 2-2AName: Solution

Section:

Score: ON

Key Code:

Answers are entered in the cells with gray backgrounds.

Cells with non-gray backgrounds are protected and cannot be edited.Enter the appropriate amounts/formulas in the answer cells, or select from the drop-down list. An asterisk (*) will appear next to or below an incorrect entry only in the outlined cells. Only ending balancesof T accounts will be graded. In the trial balance, enter a zero in answer cells you would otherwise leave blank.

1. Account Debit Credit

(a) Cash 20,000

Faith Schultz, Capital 20,000

(b) Rent Expense 3,750

Cash 3,750

(c) Supplies 1,100

Accounts Payable 1,100

(d) Accounts Payable 400

Cash 400

(e) Cash 16,750

Sales Commissions 16,750

(f) Automobile Expense 1,000

Miscellaneous Expense 700

Cash 1,700

(g) Office Salaries Expense 2,150

Cash 2,150

(h) Supplies Expense 600

Supplies 600

(i) Faith Schultz, Drawing 1,000

Cash 1,000

Instructions

2.

Cash Sales Commissions

(a) 20,000 (b) 3,750 (e) 16,750

(e) 16,750 (d) 400

(f) 1,700

(g) 2,150 Rent Expense

(i) 1,000 (b) 3,750

Bal. 27,750

Supplies Office Salaries Expense

( c) 1,100 ( c) 600 (g) 2,150

Bal. 500

Accounts Payable Automobile Expense

(d) 400 ( c) 1,100 (f) 1,000

Bal. 700

Faith Shultz, Capital Supplies Expense

(a) 20,000 (h) 600

Faith Shultz, Drawing Miscellaneous Expense

(f) 1,000 (f) 700

3. HEAVENLY REALTY

Unadjusted Trial Balance

October 31, 2012

Cash 27,750 -

Supplies 500 -

Accounts Payable - 700

Faith Schultz, Capital - 20,000

Faith Schultz, Drawing 1,000 -

Sales Commissions - 16,750

Rent Expense 3,750 -

Office Salaries Expense 2,150 -

Automobile Expense 1,000 -

Supplies Expense 600 -

Miscellaneous Expense 700 -

37,450 37,450

4.

a. ###

b. ###

c. ###