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

M. Mia, capital: $11,900 + $100 = $12,000
Utilities expense: $500 + $500 = $1,000
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
2-86  Copyright © 2020 Pearson Canada Inc.
Using Excel  (20-30 min.)  E2-21
Solutions are available in a separate excel file online at MyLab Accounting.
Serial Exercise (75-80 min.)  E2-22
Req. 1
Journal
Date  Accounts and Explanation
Posting
Ref.  Debit  Credit
Nov. 1 Cash  16,000
Amber Wilson, Capital  16,000
2 Rent Expense  1,200 
Cash  1,200
3 Canoes  4,800 
Accounts Payable  4,800
4 Office Supplies  750 
Accounts Payable  750
7 Cash  1,400 
Canoe Rental Revenue  1,400
13 Salaries Expense  1,500 
Cash  1,500
15 Amber Wilson, Withdrawals  50 
Cash  50
16 Utilities Expense  150 
Accounts Payable  150
20 Telephone Expense  175 
Accounts Payable  175
22 Accounts Receivable  3,000 
Canoe Rental Revenue  3,000
26 Accounts Payable  1,000 
Cash  1,000
28 Cash  750 
Accounts Receivable  750
30 Amber Wilson, Withdrawals  100 
Cash  100
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
Copyright © 2020 Pearson Canada Inc.  2-87
Req. 1, cont.
Dec. 1 Land  85,000 
Building  35,000 
Amber Wilson, Capital  120,000
1 Prepaid Rent  3,000 
Cash  3,000
2 Canoes  7,200 
Note Payable  7,200
4 Office Supplies  500 
Accounts Payable  500
9 Cash  4,500 
Canoe Rental Revenue  4,500
15 Accounts Receivable  3,500 
Canoe Rental Revenue  3,500
16 Cash  750 
Unearned Revenue  750
18 Accounts Payable  150 
Cash  150
18  Accounts Payable  175 
Cash  175
19 Accounts Payable  2,000 
Cash  2,000
20 Telephone Expense  325 
Utilities Expense  295 
Accounts Payable  620
31 Salaries Expense  1,800 
Cash  1,800
31 Amber Wilson, Withdrawal  300 
Cash  300
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
2-88  Copyright © 2020 Pearson Canada Inc.
Req. 2 and 3
Cash  Accounts Payable
Nov. 1 16,000 1,200 Nov. 2  Nov. 26 1,000 4,800 Nov. 3
Nov. 7 1,400 1,500 Nov. 13  Dec. 18 150 750 Nov. 4
Nov. 28 750 50 Nov. 15  Dec. 18 175 150 Nov. 16
Dec. 9 4,500 1,000 Nov. 26  Dec. 19 2,000 175 Nov. 20
Dec. 16 750 100 Nov. 30  500 Dec. 4
3,000 Dec. 1  620 Dec. 20
325 Dec. 18  3,670 Bal
2,000 Dec. 19 
1,800 Dec. 31 
300 Dec. 31 
Bal 12,125
Accounts Receivable 
Nov. 22 3,000 750 Nov. 28 
Dec. 15 3,500
Bal 5,750
Office Supplies 
Nov. 4 750 
Dec. 4 500 
Bal 1,250 
Prepaid Rent  Unearned Revenue
Dec. 1 3,000  750 Dec. 16
Bal 3,000  750 Bal
Land  Note Payable
Dec. 1 85,000  7,200 Dec. 2
Bal 85,000  7,200 Bal
Building  Amber Wilson, Capital
Dec. 1 35,000  16,000 Nov. 1
Bal 35,000  120,000 Dec. 1
136,000 Bal
Canoes  Amber Wilson, Withdrawals
Nov. 3 4,800  Nov. 15 50 
Dec. 2 7,200  Nov. 30 100 
Bal 12,000  Dec. 31 300 
Bal 450 
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
Copyright © 2020 Pearson Canada Inc.  2-89
Canoe Rental Revenue
1,400 Nov. 7
3,000 Nov. 22
4,500 Dec. 9
3,500 Dec. 15
12,400 Bal
Rent Expense
Nov. 2 1,200
Bal 1,200
Salaries Expense
Nov. 13 1,500
Dec. 31 1,800
Bal 3,300
Utilities Expense
Nov. 16 150
Dec. 20 295
Bal 445 
Telephone Expense
Nov. 20 175
Dec. 20 325
Bal 500
Horngren’s Accounting, 11Ce  Chapter 2  Instructor’s Solutions Manual
2-90  Copyright © 2020 Pearson Canada Inc.
Req. 4
CANYON CANOE COMPANY
Unadjusted Trial Balance
December 31, 2020
Account Title
Debit  Credit
Cash  $ 12,125 
Accounts receivable  5,750 
Office supplies  1,250 
Prepaid rent  3,000 
Land  85,000 
Building  35,000 
Canoes  12,000