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

2-78  Copyright © 2020 Pearson Canada Inc.
(continued)  P2-5A
Req. 4
VAILLANCOURT MANAGEMENT
Unadjusted Trial Balance
June 30, 2020
Account
Number  Account Title  Debit  Credit
1100  Cash  $ 1,400 
1300  Accounts receivable  9,700 
1400  Office supplies  2,600 
1500  Office furniture  15,000 
1700  Building  120,000 
1800  Land  60,000 
2100  Accounts payable  $ 3,800
3100  Sophie Vaillancourt, capital  200,000
3200  Sophie Vaillancourt, withdrawals  6,500 
4100  Service revenue  17,700
5100  Advertising expense  2,000 
5300  Equipment rental expense  1,700 
5500  Salaries expense  2,200 
5700  Utilities expense  400 
Total  $221,500  $221,500
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
Copyright © 2020 Pearson Canada Inc.  2-79
(15-20 min.)  P2-6A
A-PLUS TRAVEL PLANNERS
Unadjusted Trial Balance
June 30, 2020
Account Title  Debit  Credit
Cash  $ 2,900 
Accounts receivable  10,270 
Supplies  1,300 
Office furniture  3,600 
Land  44,600 
Accounts payable  $ 4,200
Note payable  23,000
R. Minter, capital  32,500
R. Minter, withdrawals  2,900 
Consulting service revenue  10,300
Advertising expense  600 
Rent expense  1,400 
Salaries expense  2,100 
Utilities expense  330 
Total  $70,000  $70,000
Explanations:
Cash: $1,600 + $1,300 = $2,900
Accounts receivable: $10,000 – $30 + $300 = $10,270
Supplies: $900 + $400 = $1,300
Land: $44,600 (amount given)
Accounts payable: $3,800 + $400 = $4,200
R. Minter, capital: $31,600 + $900 = $32,500
R. Minter, withdrawals: $2,000 + $900 = $2,900
Consulting service revenue: $7,300 + $3,000 = $10,300
Advertising expense: $600 (amount given)
Rent expense: $1,000 + $200 + $200 = $1,400
Utilities expense: $410 – $80 = $330
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
2-80  Copyright © 2020 Pearson Canada Inc.
(45-50 min.)  P2-7A
Canada-Wide Movers
Req. 1 
Journal
Date
2020  Account Titles and Explanations
Post.
Ref.  Debit  Credit
Dec.  17 Accounts Receivable  4,600 
Moving Fees Income  4,000
Storage Fees Income  600
Earned moving fees and one month’s storage
fees on account. 
18 Cash  16,800 
Note Receivable  15,000
Interest Income  1,800
Collected a note receivable and the related
interest income. 
19 H. Martinez, Withdrawals  400 
Cash  400
To record payment of hydro bill belonging to
H. Martinez. 
21 Storage Equipment  12,000 
Cash  3,600
Moving Fees Income  1,500
Accounts Payable  6,900
Purchased storage racks and paid for them
partly with cash, moving fees provided, and
the remainder on Accounts Payable. 
23 Cash  3,000 
Accounts Receivable  2,600
Storage Fees Income  400
To record cash collected on account and for
storage fees. 
24 Mortgage Payable  18,000 
Cash  18,000
To record cash payment on the mortgage. 
27 H. Martinez, Withdrawals  5,000 
Cash  5,000
To record owner withdrawal of cash. 
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
Copyright © 2020 Pearson Canada Inc.  2-81
(continued)  P2-7A
Canada-Wide Movers
Journal
Date
2020  Account Titles and Explanations
Post.
Ref.  Debit  Credit
Dec.  29 Cash  1,500 
Legal Expense  900 
Moving Fees Income  2,400
Moving services provided for cash and $900
of legal work. 
31 No Entry 
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
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(continued)  P2-7A
Canada-Wide Movers
Req. 2 and 3
Cash  Accounts Receivable
Dec.  15  17,200 Dec.  19  400  Dec.  15  7,400 Dec.  23  2,600
18  16,800 21  3,600  17  4,600
23  3,000 24  18,000  Bal.  9,400