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

Service Revenue  6,000
Performed services for clients on account. 
30  Cash  4,500 
Accounts Receivable  4,500
Received cash on account. 
30  Internet Expense  150 
Accounts Payable  150
Received internet bill. 
30  Advertising Expense  900 
Cash  900
Paid advertising expense. 
30  Salaries Expense  3,900 
Cash  3,900
Paid salary for the month. 
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
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(10 min.)  S2-9
Cash  Medical Supplies  Accounts Payable
32,000  2,900  9,500  2,700  9,500
6,800  2,700 
Bal. 33,200 Bal. 9,500  Bal. 6,800
Jatin Singh, Capital  Service Revenue  Rent Expense
32,000  6,800  2,900 
Bal. 32,000  Bal. 6,800  Bal. 2,900 
(10-15 min.)  S2-10
Req. 1
Journal
Date  Account Titles and Explanations
Post.
Ref.  Debit  Credit
Sep.  8  Supplies  10,000 
Accounts Payable  10,000
Purchased supplies on account. 
Sep.  22  Accounts Payable  4,000 
Cash  4,000
Paid cash on account.
Req. 2
Accounts Payable
4,000 10,000
Bal.  6,000
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
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(10-15 min.)  S2-11
Req. 1
Journal
Date  Account Titles and Explanations
Post.
Ref.  Debit  Credit
Oct.  5  Accounts Receivable  12,000 
Service Revenue  12,000
Performed service on account. 
Nov.  4  Cash  5,500 
Accounts Receivable  5,500
Received cash on account. 
Req. 2
Cash  Accounts Receivable  Service Revenue
5,500  12,000  5,500  12,000
Bal. 5,500  Bal. 6,500  Bal. 12,000
Req. 3
a.  The business earned  $12,000:  Service Revenue 
b.  Total assets  $12,000:  Cash  $ 5,500
Accounts receivable  6,500
Total assets  $12,000
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(10 min.)  S2-12
Cash = 67,500 + 16,800 – 4,200 – 12,300 = $67,800
Accounts Payable = 4,800 + 700 – 1,100 = $4,400
Accounts Receivable = 2,700 + 5,800 + 4,900 – 2,700 – 1,100 – 850 – 4,090 = $4,660
(10 min.)  S2-13
R. Glennie, Capital
X + 56,000 + 15,000 – 22,000 = 73,000
X = 73,000 – 56,000 – 15,000 + 22,000
X = 24,000
Accounts Receivable
21,800 + 55,100 - X = 47,000
X = 47,000 – 21,800 – 55,100
X = 29,900
(10-15 min.)  S2-14
BALZY INDOOR TENNIS CLUB
Unadjusted Trial Balance
November 30, 2020
Account
Number
Account Title  Debit  Credit
10002  Cash  $23,040 
17500  Furniture  5,500 
20001  Accounts payable  $ 3,740
30001  Stan Balzy, capital  27,000
30002  Stan Balzy, withdrawals  1,200 
40001  Sales revenue  5,500
51200  Supplies expense  2,500 
53200  Rent expense  4,000  ______
Total  $36,240  $36,240
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
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(10 min.)  S2-15
A+ ROOFERS
Unadjusted Trial Balance
December 31, 2020
Account Title  Debit  Credit
Cash  $ 6,000 
Equipment  43,000 
Accounts payable  $ 1,000
Note payable  17,000
Capital  25,000
Revenue  32,000
Expenses  26,000 
Total  $75,000  $75,000
(10 min.)  S2-16
To identify and correct this error:
1. Take the difference between total debits and total credits: $44,200 – $46,000 = $1,800
2. Divide the error by 9: $1,800/9 = $200
3. Locate $200 on the trial balance. Equipment, at $200, appears to be the account with the
slide error. In real life, one would then trace the Equipment amount back to the ledger
account to confirm that the correct amount should have been $2,000, not $200 (hence the
$1,800 slide error).
4. Correct the trial balance.
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual