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

Cash  1100  2,200
Paid salary. 
15 Accounts Receivable  1300  12,100 
Service Revenue  4100  12,100
Performed service on account. 
22 Accounts Payable  2100  800 
Cash  1100  800
Paid on account 
24 Advertising Expense  5100  2,000 
Accounts Payable  2100  2,000
Received advertising bill. 
25 Cash  1100  5,600 
Service Revenue  4100  5,600
Performed services and received cash. 
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
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Req. 1 (continued)  P2-5A
Journal
Date
2020  Account Titles and Explanations  Post. Ref.  Debit  Credit
26 Cash  1100  2,400 
Accounts Receivable  1300  2,400
Collected cash on account. 
29 Equipment Rental Expense  5300  1,700 
Cash  1100  1,700
Paid equipment rental expense. 
29 Utilities Expense  5700  400 
Cash  1100  400
Paid utilities expense. 
30 Sophie Vaillancourt, Withdrawals  3200  6,500 
Cash  1100  6,500
Withdrawal by owner. 
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
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Req. 2 and 3 (continued)  P2-5A
Account  Cash  Account No. 1100
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Jun.  1 20,000  20,000 Dr
4 15,000  5,000 Dr
12 2,200  2,800 Dr
22 800  2,000 Dr
25 5,600  7,600 Dr
26 2,400  10,000 Dr
29 1,700  8,300 Dr
29 400  7,900 Dr
30 6,500  1,400Dr
Account  Accounts Receivable  Account No. 1300
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Jun.  15 12,100  12,100 Dr
26 2,400  9,700 Dr
Account  Office Supplies  Account No. 1400
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Jun.  3 2,600  2,600 Dr
Account  Office Furniture  Account No. 1500
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Jun.  4 15,000  15,000 Dr
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
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Req. 2 and 3 (continued)  P2-5A
Account  Building  Account No. 1700
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Jun.  1 120,000  120,000 Dr
Account  Land  Account No. 1800
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Jun.  1 60,000  60,000 Dr
Account  Accounts Payable  Account No. 2100
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Jun.  3 2,600  2,600 Cr
22 800  1,800 Cr
24 2,000  3,800 Cr
Account  Sophie Vaillancourt, Capital  Account No. 3100
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Jun.  1 200,000  200,000 Cr
Account  Sophie Vaillancourt, Withdrawals  Account No. 3200
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Jun.  30 6,500  6,500 Dr
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
Copyright © 2020 Pearson Canada Inc.  2-77
(continued) P2-5A
Account  Service Revenue  Account No. 4100
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Jun.  15 12,100  12,100 Cr
25 5,600  17,700 Cr
Account  Advertising Expense  Account No. 5100
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Jun.  24 2,000  2,000 Dr
Account  Equipment Rental Expense  Account No. 5300
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Jun.  29 1,700  1,700 Dr
Account  Salaries Expense  Account No. 5500
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Jun.  12 2,200  2,200 Dr
Account  Utilities Expense  Account No. 5700
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Jun.  29 400  400 Dr
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual