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Chapter 3 & 4 Intermediate Accounting Wiley

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Chapter 3 & 4 Intermediate Accounting Wiley
ChaNoel A. Torres Acevedo
Intermediate Accounting I

Homework:
Exercise 3-1: Apr. | 2 | Cash | 30,000 | | | | Equipment | 14,000 | | | | Christine Ewing, Capital | | 44,000 | | | | | | | 2 | No entry—not a transaction. | | | | | | | | | 3 | Supplies | 700 | | | | Accounts Payable | | 700 | | | | | | | 7 | Rent Expense | 600 | | | | Cash | | 600 | | | | | | | 11 | Accounts Receivable | 1,100 | | | | Service Revenue | | 1,100 | | | | | | | 12 | Cash | 3,200 | | | | Unearned Service Revenue | | 3,200 | | | | | | | 17 | Cash | 2,300 | | | | Service Revenue | | 2,300 | | | | | | | 21 | Insurance Expense | 110 | | | | Cash | | 110 | | | | | | | 30 | Salaries Expense | 1,160 | | | | Cash | | 1,160 | | | 30 | Supplies Expense | 120 | | | | Supplies | | 120 | | | | | | | 30 | Equipment | 5,100 | | | | Christine Ewing, Capital | | 5,100 |

Problem 3-1: Journal Entries Sept. | 1 | Cash . .. ................................................................................... | 20,000 | | | | Yasunari Kawabata, Capital | | 20,000 | | | | | | | 2 | Furniture and Equipment ................................................... | 17,280 | | | | Accounts Payable ...................................................... | | 17,280 | | | | | | | 4 | Rent Expense | 680 | | | | Cash | | 680 | | | | | | | 4 | No Entry - No a transaction | | | | | | | | | 5 | Supplies on Hand | 942 | | | | Cash | | 942 | | | | | | | 8 | Cash......................... | 1,690 | | | | Service Revenue | | 1,690 | | | | | | | 10 | Miscellaneous Office
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