Horngren’s Accounting, Volume 1, 11th Canadian Edition by Tracie Miller-Nobles Solution manual

Journal  PAGE 3
Date
2020  Account Titles and Explanations  Post. Ref.  Debit  Credit
Mar.  4 Cash  1100  600 
Accounts Receivable  1200  600
Received cash on account. 
8 Accounts Receivable  1200  580 
Service Revenue  5000  580
Performed service on account. 
13 Accounts Payable  2000  320 
Cash  1100  320
Paid on account. 
18 Supplies  1300  120 
Accounts Payable  2000  120
Purchased supplies on account. 
20 K. Kalani, Withdrawals  3100  200 
Cash  1100  200
Withdrawal for personal use. 
21 Verbal promise only; not a 
transaction of the business. 
22 Cash  1100  620 
Service Revenue  5000  620
Performed service for cash. 
31 Salaries Expense  6200  1,300 
Cash  1100  1,300
Paid employee salaries. 
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
Copyright © 2020 Pearson Canada Inc.  2-71
Req. 2 and 3  (ledger accounts) (continued) P2-4A
Account  Cash  Account No. 1100
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Feb.  29 Bal.    4,000 (Dr)
Mar.  4 J.3  600  4,600 (Dr)
13 J.3  320  4,280 (Dr)
20 J.3  200  4,080 (Dr)
22 J.3  620  4,700 (Dr)
31 J.3  1,300  3,400 (Dr)
Account  Accounts Receivable  Account No. 1200
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Feb.  29 Bal.    16,000 (Dr)
Mar.  4 J.3  600  15,400 (Dr)
8 J.3  580  15,980 (Dr)
Account  Supplies  Account No. 1300
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Feb.  29 Bal.    3,600 (Dr)
Mar.  18 J.3  120  3,720 (Dr)
Account  Equipment  Account No. 1600
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Feb.  29 Bal.    37,200 (Dr)
Account  Accounts Payable  Account No. 2000
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Feb.  29 Bal.    8,000 (Cr)
Mar.  13 J.3  320  7,680 (Cr)
18 J.3  120  7,800 (Cr)
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
2-72  Copyright © 2020 Pearson Canada Inc.
Req. 2 and 3  (ledger accounts) (continued) P2-4A
Account  K. Kalani, Capital  Account No. 3000
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Feb.  29 Bal.    50,000 (Cr)
Account  K. Kalani, Withdrawals  Account No. 3100
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Feb.  29 Bal.    4,400 (Dr)
Mar.  20 J.3  200  4,600 (Dr)
Account  Service Revenue  Account No. 5000
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Feb.  29 Bal.    16,400 (Cr)
Mar.  8 J.3  580  16,980 (Cr)
22 J.3  620  17,600 (Cr)
Account  Rent Expense  Account No. 6100
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Feb.  29 Bal.    2,000 (Dr)
Account  Salaries Expense  Account No. 6200
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Feb.  29 Bal.    7,200 (Dr)
Mar.  31 J.3  1,300  8,500 (Dr)
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
Copyright © 2020 Pearson Canada Inc.  2-73
Req. 1 (40-50 min.)  P2-5A
Vaillancourt Management
Journal
Date
2020  Account Titles and Explanations  Post. Ref.  Debit  Credit
Jun.  1 Cash  1100  20,000 
Land  1800  60,000 
Building  1700  120,000 
Sophie Vaillancourt, Capital  3100  200,000
Received investment by owner. 
3 Office Supplies  1400  2,600 
Accounts Payable  2100  2,600
Purchased supplies on account. 
4 Office Furniture  1500  15,000 
Cash  1100  15,000
Purchased furniture. 
12 Salaries Expenses  5500  2,200