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

Ref.  Debit  Credit
Jan.  29 Cash  2,700 
Translation Revenue  2,700
Performed translation services for cash. 
31 Salaries Expense  975 
Cash  975
Paid the office manager’s salary. 
31 Scott Jameson, Withdrawals  12,000 
Cash  12,000
Owner withdrew cash for personal use. 
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
2-90  Copyright © 2020 Pearson Canada Inc.
Req. 1  (journal entries) (45-60 min.)  P2-4B
Blog4U
Journal  Page 6
Date
2020  Account Titles and Explanations
Post.
Ref.  Debit  Credit
Nov.  16 Cash  1100  6,000 
Accounts Receivable  1200  6,000
Received on account. 
17 Accounts Receivable  1200  2,100 
Service Revenue  5000  2,100
Performed services on account. 
21 Accounts Payable  2100  2,600 
Cash  1100  2,600
Paid on account. 
22 Computer Supplies  1300  4,600 
Accounts Payable  2100  4,600
Purchased computer supplies on account. 
23 B. Singh, Withdrawals  4100  2,100 
Cash  1100  2,100
Withdrew funds for personal use. 
24 Not a business transaction. 
26 Cash  1100  11,900 
Service Revenue  5000  11,900
Performed service for cash. 
30 Salaries Expense  6100  2,700 
Cash  1100  2,700
Paid employee salaries. 
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
Copyright © 2020 Pearson Canada Inc.  2-91
Req. 2  (ledger accounts)  (continued) P2-4B
Blog 4 U
Account  Cash  Account No. 1100
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Nov.  15 Bal.    16,000 (Dr)
16 J.6  6,000  22,000 (Dr)
21 J.6  2,600  19,400 (Dr)
23 J.6  2,100  17,300 (Dr)
26 J.6  11,900  29,200 (Dr)
30 J.6  2,700  26,500 (Dr)
Account  Accounts Receivable  Account No. 1200
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Nov.  15 Bal.    16,000 (Dr)
16 J.6  6,000  10,000 (Dr)
17 J.6  2,100  12,100 (Dr)
Account  Computer Supplies  Account No. 1300
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Nov.  15 Bal.    1,200 (Dr)
22 J.6  4,600  5,800 (Dr)
Account  Equipment  Account No. 1900
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Nov.  15 Bal.    70,000 (Dr)
Account  Accounts Payable  Account No. 2100
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Nov.  15 Bal.    9,200 (Cr)
21 J.6  2,600  6,600 (Cr)
22 J.6  4,600  11,200 (Cr)
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
2-92  Copyright © 2020 Pearson Canada Inc.
Req. 2  (ledger accounts)  (continued) P2-4B
Account  B. Singh, Capital  Account No. 4000
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Nov.  15 Bal.    90,000 (Cr)
Account  B. Singh, Withdrawals  Account No. 4100
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Nov.  15 Bal.    4,600 (Dr)
23 J.6  2,100  6,700 (Dr)
Account  Service Revenue  Account No. 5000
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Nov.  15 Bal.    14,200 (Cr)
17 J.6  2,100  16,300 (Cr)
26 J.6  11,900  28,200 (Cr)
Account  Rent Expense  Account No. 6000
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Nov.  15 Bal.    2,000 (Dr)
Account  Salaries Expense  Account No. 6100
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Nov.  15 Bal.    3,600 (Dr)
30 J.6  2,700  6,300(Dr)
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
Copyright © 2020 Pearson Canada Inc.  2-93
Req. 1 (40-50 min.)  P2-5B
International Catering
Journal
Date