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

12  Equipment  2,000 
Accounts Payable  2,000
Purchased equipment on account. 
24  Supplies  600 
Cash  600
Purchased supplies and paid cash. 
27  Accounts Payable  2,000 
Cash  2,000
Paid the September 12 liability. 
Once posting is completed, the account numbers would be entered into the Posting Reference
column above.
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
2-78  Copyright © 2020 Pearson Canada Inc.
Req. 2 and 3  (continued)  E2-14
Cash #102  Accounts Receivable #103
Bal.  3,000 Sep.  1  140  Sep.  8  3,000
Sep.  4  10,000 24  600 
27  2,000 
Bal.  10,260
Supplies #105  Equipment #107
Sep.  24  600 Sep. 12  2,000
Bal.  600 Bal.  2,000 
Land #110  Accounts Payable #201
Bal.  29,000 Sep. 27  2,000 Sep.  12  2,000
Bal.  29,000 Bal.  0
Note Payable #205  R. Peterson, Capital #301
Sep.  4  10,000  Bal.  32,000
Bal.  10,000  Bal.  32,000
Service Revenue #401  Utilities Expense #501
Sep.  8  3,000  Sep. 1  140
Bal.  3,000  Bal.  140 
Req. 4
Total debits: $10,260 + $3,000 + $600 + $2,000 + $29,000 + $140 = $45,000
Total credits: $10,000 + $32,000 + $3,000 = $45,000
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
Copyright © 2020 Pearson Canada Inc.  2-79
(20-25 min.)  E2-15
Yarrow Strategic Consulting
Journal Page 9
Date
2020  Account Titles and Explanations  Post. Ref.  Debit  Credit
May  2 Cash  1100  39,200 
Office Furniture  1800  16,200 
Florence Yarrow, Capital  3100  55,400
Received investment from owner. 
2 Rent Expense  5500  2,500 
Cash  1100  2,500
Paid monthly rent. 
2 Office Supplies  1500  1,800 
Accounts Payable  2100  1,800
Purchased supplies on account. 
15 Salaries Expense  5600  4,000 
Cash  1100  4,000
Paid salary expense. 
17 Accounts Payable  2100  1,200 
Cash  1100  1,200
Paid on account. 
19 Accounts Receivable  1300  69,000 
Consulting Revenue  4100  69,000
Performed service on account. 
30 Florence Yarrow, Withdrawals  3200  8,000 
Cash  1100  8,000
Withdrawal by owner. 
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
2-80  Copyright © 2020 Pearson Canada Inc.
(continued)  E2-15
Account  Cash  Account No. 1100
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
May  2 J.9  39,200  39,200 Dr
2 J.9  2,500  36,700 Dr
15 J.9  4,000  32,700 Dr
17 J.9  1,200  31,500 Dr
30 J.9  8,000  23,500 Dr
Account  Accounts Receivable  Account No. 1300
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
May  19 J.9  69,000  69,000 Dr
Account  Office Supplies  Account No. 1500
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
May  2 J.9  1,800  1,800 Dr
Account  Office Furniture  Account No. 1800
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
May  2 J.9  16,200  16,200 Dr
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
Copyright © 2020 Pearson Canada Inc.  2-81
(continued)  E2-15
Account  Accounts Payable  Account No. 2100
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
May  2
J.9
1,800  1,800 Cr
17
J.9
1,200  600 Cr
Account  Florence Yarrow, Capital  Account No. 3100
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
May  2
J.9
55,400  55,400 Cr
Account  Florence Yarrow, Withdrawals  Account No. 3200
Date
2020  Item
Jrnl.
Ref.  Debit  Credit  Balance
May  30
J.9
8,000  8,000 Dr
Account  Consulting Revenue  Account No. 4100
Date
2020  Item
Jrnl.