Week 5 Acct 420

Ex 9-2
1 D
2 A
3 C
4 D
5 D
6 B
7 B
8 D
9 C
10 A
Ex 13-1
1 B
2 D
3 C
4 A
5 C
6 D
7 D
8 B
9 A
10 A

9-10.

MODIFIED ACCRUAL/ ADJUSTMENT ACCOUNT AFFECTED ACCRUAL ACCOUNT Debit Credit

1. DEPRECIATION EXPENSE Accrual 674300
BUILDINGS & EQUIPMENT Accural 674300

2. SALARY EXPENSE Accural 39123 SALARIES PAYABLE Accural 39123

3. BUILDINGS & EQUIPMENT Accural 29049 EXPENDITURES Modified 29049

4. BONDS PAYABLE Accural 50000 ACCRUED INTEREST Accural 1125 PAYABLE INTEREST EXPENSE Accural 1125 EXPENDITURES—PRINCIPAL Modified 50000 EXPENDITURES—INTEREST Modified 2250

5. INTERNAL BALANCES Accural 480 DUE FROM OTHER FUNDS Modified 480

DUE TO OTHER FUNDS Modified 950 INTERNAL BALANCES Accural 950

13-8.
a. SOLVE GENERAL JOURNAL Debits Credits
1. RENT EXPENSE 14000 CONTRIBUTIONS—UNRESTRICTED 14000

2. CASH 164000 CONTRIBUTIONS—UNRESTRICTED 114000 CONTRIBUTIONS—TEMPORARILY RESTRICTED 50000

3. SALARIES & WAGES EXPENSE 127000 CASH 111000 SALARIES & WAGES PAYABLE 16000

4. CONTRIBUTIONS RECEIVABLE 100000 CONTRIBUTIONS—TEMPORARILY RESTRICTED 73400 DISCOUNT ON CONTRIBUTIONS RECEIVABLE 26600

5. EQUIPMENT & FURNITURE 12600 CASH 5000 CONTRIBUTIONS—UNRESTRICTED 7600
SOLVE
GENERAL JOURNAL Debits Credits

6. TELEPHONE EXPENSE 5200 PRINTING & POSTAGE EXPENSE 12000 SUPPLIES EXPENSE 2100 CASH 15700 ACCOUNTS PAYABLE 3600

7. NO TRANSACTION IS RECORDED – NO SPECIALIZED SKILL IS REQUIRED.

8. DEPRECIATION EXPENSE 1760 ALLOWANCE FOR DEPRECIATION—EQUIPMENT & FURNITURE 1760

9. PUBLIC HEALTH EDUCATION PROGRAM 47615
COMMUNITY SERVICE PROGRAM 40312
MANAGEMENT & GENERAL 28921
FUND-RAISING 29212 SALARIES & WAGES EXPENSE 111000 RENT EXPENSE 14000 TELEPHONE EXPENSE 5200 PRINTING & POSTAGE EXPENSE 12000 SUPPLIES EXPENSE 2100 DEPRECIATION EXPENSE