Question

Homework: Chapter 2 Homework HW Score: 76.29% , 15.26 Score: 1.26 of 4 pts 5 of 5 (5 complete) P2-38B (similar to) Question He The trial balance of Sheldon Mestler, CPA, is daled March 31, 2018 (Click the icon to view the March 31 trial balance ) During April, the business completed the following transactions (Cick the icon to view the transactions.) Read the requirements Paid cash expenses Requirement 2. The four-column ledger accounts listed in the trial balance, together with their balances as of March 31, have been opened for you and ulize the following account numbers: Cash, 11 Accounts Receivable, 12, Office Supplies, 13, Land,, 14, Fumiture, 15, Automobile, 16, Accounts Payable, 21, Uneamed Revenue, 22: Common Stock, 31; Dividends, 33; Service Revenue, 41; Salaries Expense, 51, and Rent Expense, 52. Post the journal entries to four-column accounts in the ledger, using dates, account numbers. jounal references, and posting references. AssSume the journal entries were recorded on page 5 of the joumal. (Compute the new balance for each account after posting the transaction) Apr 4 Colected $6.000 cash from a clent on account Beiew the joumal entry you prepared in Reqursmect 1 CASH Account No. 11 Balance hate Hem Post Ref Debit Credit nehit Cre Choose from any list or enter any number in the input fields and then click Check Answer 24 parts Clear All remaining

Answer 1

Sheldon Mestler, CPA Balance Balance Accounts Post Ref Debit Accounts Receivable Account No. 12 Post Ref Debit Credit Debit Credit Date Credit Debit Credit Date Item Item Cash Account No. 11 1-Apr Beginning balance $14,000 1-Apr Beginning balance $6,500 $6,000 $20,000 GLS $6,000 $ 4-Apr Cash collected from client GL5 4-Apr Cash collected from client 500 $ 3.400 13-Apr Paid on account GL5 $16,600 8-Apr Services provided on account GL5 .800 4,300 $1,900 $18.500 GL5 $1,900 19-Apr Received for services of April 8 GL5 19-Apr Received for services of April 8 2,400 20-Apr Paid cash dividends $15,500 GL5 3,000 $1,500 $17,000 21-Apr Received for consulting work 24-Apr Recd for account service to be completed GL5 $2,200 $19,200 GL5 27-Apr Paid office rent $18,450 GL5 750 S 1,300 GL5 $17,150 28-Apr Paid employee salary Office Supplies Account No. 13 Land- Account No. 14 1-Apr Beginning balance $20,000 700 1-Apr Beginning balance $ 700 18-Apr Purchased Office supplies on account GL5 1,400 Automobile - Account No., 16 Furniture Account No. 15 1-Apr Beginning balance S 1-Apr Beginning balance $4,400 $10,000 $10,000 14-Apr Purchased furniture on account $4,400 15-Apr Automobile in exchange for stock GL5 GL5 Uearned Revenue Accounts Payable Account No. 21 Account No. 22 $5.600 1-Apr Beginning balance 13-Apr Paid on account 14-Apr Purchased furniture on account 1-Apr Beginning balance $ 2.200 $3,400 24-Apr Recd for account service to be completed $2,200 $2,200 GL5 GL5 $4,400 $6,600 GL5 Purchased Office supplies on account 700 7,300 18-Apr GL5 Dividends Account No. 33 Common Stock- Account No. 31 Beginning balance 1-Apr Beginning balance $31,200 1-Apr $ 3,000 $10,000 $41,200 Paid cash dividends 3.000 15-Apr Automobile in exchange for stock GL5 20-Apr GL5 Salaries Expense- Service revenue Account No. 51 Account No. 41 1-Apr Beginning balance $11,500 1-Apr Beginning balance 28-Apr Paid employee salary $5,500 $ 1.300 $3,800 $15,300 8-Apr Services provided on account GL5 $6,800 GL5 $ 1.500 Received for consulting work $16,800 21-Apr GL5 Rent Expense Account No. 52 $ 1,600 1-Apr Beginning balance 27-Apr Paid office rent $ 750 $ 2.350 GLS

Sheldon Mestler, CPA TB Debit Credit Account Names Cash 17,150 Accounts Receivable 2,400 Office Supplies 1,400 Land 20,000 Furniture 4,400 Automobile 10,000 Accounts Payable 7,300 Unearned Revenue 2,200 Common Stock 41,200 Dividends 3,000 Service Revenue 16,800 Salaries expense 6,800 Rent expense 2,350 Totals 67,500 67,500