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

Account  Rent Expense  Account No. 5700
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Oct.  29 3,000  3,000 Dr
Account  Salaries Expense  Account No. 5800
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
Oct.  19 2,600  2,600 Dr
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
2-98  Copyright © 2020 Pearson Canada Inc.
(continued)  P2-5B
Req. 4
INTERNATIONAL CATERING
Unadjusted Trial Balance
January 31, 2020
Account
Number  Account Title  Debit  Credit
1100  Cash  $ 17,000 
1300  Accounts receivable  6,400 
1500  Supplies  14,800 
1600  Food service equipment  8,000 
1700  Food truck  26,000 
2100  Accounts payable  $ 4,400
3100  H. Malik, capital  76,000
3200  H. Malik, withdrawals  12,000 
4100  Service revenue  12,600
5100  Advertising expense  1,600 
5500  Insurance expense  1,600 
5700  Rent expense  3,000 
5800  Salaries expense  2,600 
Total  $93,000  $93,000
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
Copyright © 2020 Pearson Canada Inc.  2-99
(15-20 min.)  P2-6B
MACKLE FITNESS
Unadjusted Trial Balance
July 31, 2020
Account Title  Debit  Credit
Cash  $ 41,000 
Accounts receivable  38,100 
Supplies  9,000 
Office furniture  19,500 
Fitness equipment  600,000 
Accounts payable  $ 31,500
Note payable  194,500
G. Mackle, capital  462,000
G. Mackle, withdrawals  75,000 
Service revenue  160,500
Advertising expense  4,500 
Rent expense  15,000 
Salaries expense  42,500 
Utilities expense  3,900 
Total  $848,500  $848,500
Explanations:
Cash: $47,000 – $6,000 = $41,000
Accounts receivable: $30,000 – $900 + $9,000 = $38,100
Supplies: $7,500 + $1,500 = $9,000
Office furniture: $19,500 (amount given)
Accounts payable: $30,000 + $1,500 = $31,500
G. Mackle, capital: $442,500 + $19,500 = $462,000
G. Mackle, withdrawals: $55,500 + $19,500 = $75,000
Service revenue: $73,500 + $87,000 = $160,500
Advertising expense: $4,500 (amount given)
Rent expense: $9,000 + $3,000 + $3,000 = $15,000
Utilities expense: $3,000 + $900 = $3,900
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
2-100  Copyright © 2020 Pearson Canada Inc.
(45-50 min.)  P2-7B
Maquina Lodge
Req. 1
Journal
Date
2020  Account Titles and Explanations
Post.
Ref.  Debit  Credit
Dec.  17 Cash  1,550 
Guest Revenue  1,550
Paid cash for rental to the end of December. 
18 Cash  20,400 
Note Receivable  18,000
Interest Earned  2,400
Collected an $18,000 note and related
interest. 
21 Boating Equipment  14,000 
Cash  5,000
Guest Revenue  1,600
Accounts Payable  7,400
Purchased boating equipment. 
23 Cash  2,800 
Guest Revenue  2,800
Guest revenue earned from a conference. 
24 Mortgage Payable  2,000 
Cash  2,000
Made a payment to reduce the mortgage. 
27 B. Palmiter, Withdrawals  14,000 
Cash  14,000
Owner withdrew cash for personal use. 
29 Cash  1,100 
Legal Expense  900 
Guest Revenue  2,000
Meeting rooms paid for in cash and in legal
work. 
Note: December 31—No entry required. However, the amount posted must be corrected.
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
Copyright © 2020 Pearson Canada Inc.  2-101
(continued)  P2-7B
Maquina Lodge
Req. 2 and 3
Cash  Accounts Receivable
Dec.  15  3,800 Dec.  21  5,000  Dec.  15  8,800
17  1,550 24  2,000 
18  20,400 27  14,000 
23  2,800
29  1,100
Bal.  8,650
Note Receivable  Supplies Inventory
Dec.  15  26,000 Dec.  18  18,000  Dec.  15  5,800
Bal.  8,000
Office Equipment  Boating Equipment
Dec.  15  10,200 Dec.  15  96,800