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

2020  Account Titles and Explanations
Post.
Ref.  Debit  Credit
Oct.  2 Cash  1100  50,000 
Food Truck  1700  26,000 
H. Malik, Capital  3100  76,000
Received investment by owner. 
6 Food Service Equipment  1600  8,000 
Cash  1100  8,000
Purchased equipment. 
7 Supplies  1500  14,800 
Accounts Payable  2100  14,800
Purchased supplies on account. 
17 Cash  1100  4,000 
Service Revenue  4100  4,000
Catered an event and received cash. 
18 Accounts Receivable  1300  8,600 
Service Revenue  4100  8,600
Catered an event on account. 
19 Salaries Expense  5800  2,600 
Cash  1100  2,600
Paid salary. 
24 Accounts Payable  2100  12,000 
Cash  1100  12,000
Paid part of October 7 account. 
26 Advertising Expense  5100  1,600 
Accounts Payable  2100  1,600
Received advertising bill. 
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
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Req. 1 (continued)  P2-5B
International Catering
Journal
Date
2020  Account Titles and Explanations
Post.
Ref.  Debit  Credit
Oct.  28 Cash  1100  2,200 
Accounts Receivable  1300  2,200
Collected cash on account. 
29 Rent Expense  5700  3,000 
Cash  1100  3,000
Paid rent expense. 
29 Insurance Expense  5500  1,600 
Cash  1,600
Paid insurance expense 
31 H. Malik, Withdrawals  3200  12,000 
Cash  1100  12,000
Withdrawal by owner. 
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
Copyright © 2020 Pearson Canada Inc.  2-95
Req. 2 and 3 (continued)  P2-5B
International Catering
Account  Cash  Account No. 1100
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Oct.  2 50,000  50,000 Dr
6 8,000  42,000 Dr
17 4,000  46,000 Dr
19 2,600  43,400 Dr
24 12,000  31,400 Dr
28 2,200  33,600 Dr
29 4,600  29,000 Dr
31 12,000  17,000 Dr
Account  Accounts Receivable  Account No. 1300
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Oct.  18 8,600  8,600 Dr
28 2,200  6,400 Dr
Account  Supplies  Account No. 1500
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Oct.  7 14,800  14,800 Dr
Account  Food Service Equipment  Account No. 1600
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Oct.  6 8,000  8,000 Dr
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
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(continued)  P2-5B
Account  Food Truck  Account No. 1700
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Oct.  2 26,000  26,000 Dr
Account  Accounts Payable  Account No. 2100
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Oct.  7 14,800  14,800 Cr
24 12,000  2,800 Cr
26 1,600  4,400 Cr
Account  H. Malik, Capital  Account No. 3100
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Oct.  2 76,000  76,000 Cr
Account  H. Malik, Withdrawals  Account No. 3200
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Oct.  31 12,000  12,000 Dr
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
Copyright © 2020 Pearson Canada Inc.  2-97
(continued)  P 2-5B
Account  Service Revenue  Account No. 4100
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Oct.  17 4,000  4,000 Cr
18 8,600  12,600 Cr
Account  Advertising Expense  Account No. 5100
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Oct.  26 1,600  1,600 Dr
Account  Insurance Expense  Account No. 5500
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Oct.  29 1,600  1,600 Dr