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1ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 1
E1-1
a .
b .
c .
E1-2
a .
b .
c .
E1-3
Assets =
Liabilities =
Owner's Equity =
E1-6
a .
b .
c .
d .
e .
f .
g .
h .
i .
j .
2ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 1
Problem 1-3A
= LIABILITIES +
Cash +
Prepaid
Insurance +
Office
Equip. +
Photo
Equip. =
Accounts
Payable +
__________,
Capital -
__________,
Drawing + Revenue - Expenses
a .
b .
Bal .
c .
Bal .
d .
Bal .
e .
Bal .
f .
Bal .
g .
Bal .
h .
Bal .
i .
Bal .
j .
Bal .
k .
Bal .
l .
Bal .
m .
Bal .
Total Assets Total Liabs Total Equity
= +
OWNER'S EQUITYASSETS
Does Total Assets = Total Liabilities + Total Equity? If NOT, then FIX IT!
3ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 1
Problem 1-2A
= LIABILITIES +
Cash +
Office
Equip.
Professional
Equip. =
Accounts
Payable +
__________,
Capital -
__________,
Drawing + Revenue - Expenses
a .
b .
Bal .
c .
Bal .
d .
Bal .
e .
Bal .
f .
Bal .
g .
Bal .
h .
Bal .
i .
Bal .
j .
Bal .
k .
Bal .
Total Assets Total Liabs Total Equity
= +
OWNER'S EQUITYASSETS
Does Total Assets = Total Liabilities + Total Equity? If NOT, then FIX IT!
4ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 2
E2-2 (With Expanded Requirements)
- For each Account Listed indicate whether it has a NORMAL BALANCE of a Debit
or Credit. Indicate if the account is an Asset, Liability, or Equity.
- Further Indicate if the account is found on the Income Statement, Balance
Sheet, or Statement of Owner's Equity.
["a" is done for you, enjoy the free point!]
Account Normal Balance Account Type
0 Cash Debit Credit Asset Liability Equity Income
Stmt
Balance
Sheet
Stmt of
Owner's
Equity
1 Wages Expense Debit Credit Asset Liability Equity Income
Stmt
Balance
Sheet
Stmt of
Owner's
Equity
2 Equipment Debit Credit Asset Liability Equity Income
Stmt
Balance
Sheet
Stmt of
Owner's
Equity
3 L. Cross, Capital Debit Credit Asset Liability Equity Income
Stmt
Balance
Sheet
Stmt of
Owner's
Equity
4 Service Revenue Debit Credit Asset Liability Equity Income
Stmt
Balance
Sheet
Stmt of
Owner's
Equity
5 L. Cross, Drawing Debit Credit Asset Liability Equity Income
Stmt
Balance
Sheet
Stmt of
Owner's
Equity
6 Accounts Receivable Debit Credit Asset Liability Equity Income
Stmt
Balance
Sheet
Stmt of
Owner's
Equity
7 Rent Expense Debit Credit Asset Liability Equity Income
Stmt
Balance
Sheet
Stmt of
Owner's
Equity
8 Fees Earned Debit Credit Asset Liability Equity Income
Stmt
Balance
Sheet
Stmt of
Owner's
Equity
9 Accounts Payable Debit Credit Asset Liability Equity Income
Stmt
Balance
Sheet
Stmt of
Owner's
Equity
(You should circle three answers for each account)
Financial Statement
5ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 2
E2-3
= +
a.
b.
c.
d.
e.
f.
g.
h.
i.
ASSETS EQUITYLIABILITIES
6ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 2
P2-1A (Additional Requirement: Balance off each T-Acct. Complete the Equation Proof below using your
ending T-Account Balances.)
= +
ACCOUNTING EQUATION PROOF:
ASSETS LIABILITIES
CASH Accts Payable
Exercise Equip OWNER'S EQUITY
Store Equip Capital
Office Equip Drawing Less:
Income Frm Svcs
Supplies Exp Less:
Total Assets Total Liabilities & Owner's Equity
Income Frm Svcs
Exercise Equip Store Equip Supplies Exp
Office Equip
ASSETS LIABILITIES EQUITY
CASH Accts Payable Capital Drawing
7ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 2
P2-3A (Additional Requirement: Balance off each T-Acct with more than one entry)
= +ASSETS LIABILITIES EQUITY
CASH Accts Receivable Accts Payable Capital Drawing
8ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 2
9ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 2
P2-3A Continued
10ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 2
P2-3A Continued
11ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 2
P2-4A (Additional Requirement: Balance off each T-Acct with more than one entry)
= +ASSETS LIABILITIES EQUITY
CASH Accts Receivable Accts Payable Capital Drawing
12ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 2
13ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 2
P2-4A Continued
14ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 2
P2-4A Continued
15ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 3
E3-2 & E3-3
Date DEBIT CREDITDescription
16ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 3
P3-1A
Date DEBIT CREDITDescription
17ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 3
P3-1A (Continued)
Date DEBIT CREDITDescription
18ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 3
P3-1A
= +
Drawing
Tuition Income
Salary Expense Rent Expense
Prepaid Insurance Equipment
ASSETS LIABILITIES EQUITY
CASH Accts Receivable Accts Payable Capital
Advertising Expense Utilities Expense
Telephone Expense Repair Expense
Furniture
Gas & Oil Expense Miscellaneous Exp
19ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 3
P3-1A (Continued)
Company name:
Trial Balance
DEBIT
Date:
CREDIT
20ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 3
P3-3A
Date DEBIT CREDITDescription
21ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 3
P3-3A
Date DEBIT CREDITDescription
22ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 3
P3-3A
Date DEBIT CREDITDescription
23ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 3
P3-3A
Acct. Name: CASH Acct #: 111
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Jun. 30 Balance 25,312
Acct. Name: Accounts Receivable Acct #: 113
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Jun. 30 Balance 560
Acct. Name: Prepaid Insurance Acct #: 117
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Jun. 30 Balance 450
BALANCE
General Ledger
BALANCE
BALANCE
24ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 3
P3-3A
Acct. Name: Equipment Acct #: 124
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Jun. 30 Balance 16,500
Acct. Name: Accounts Payable Acct #: 221
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Jun. 30 Balance 2,976
Acct. Name: C. Lauren, Capital Acct #: 311
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Jun. 30 Balance 39,846
Acct. Name: C. Lauren, Drawing Acct #: 312
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
General Ledger
BALANCE
BALANCE
BALANCE
BALANCE
25ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 3
P3-3A
Acct. Name: Professional Fees Acct #: 411
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Acct. Name: Salary Expense Acct #: 511
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Acct. Name: Rent Expense Acct #: 512
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Acct. Name: Laboratory Expense Acct #: 513
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Acct. Name: Utilities Expense Acct #: 514
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Acct. Name: Supplies Expense Acct #: 515
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
BALANCE
General Ledger
BALANCE
BALANCE
BALANCE
BALANCE
BALANCE
26ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 3
P3-4A
Date DEBIT CREDITDescription
27ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 3
P3-4A
Date DEBIT CREDITDescription
28ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 3
P3-4A
Date DEBIT CREDITDescription
29ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 3
P3-4A
Acct. Name: CASH Acct #: 111
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Acct. Name: Accounts Receivable Acct #: 113
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Acct. Name: Prepaid Insurance Acct #: 117
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
General Ledger
BALANCE
BALANCE
BALANCE
30ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 3
P3-4A
Acct. Name: Equipment Acct #: 124
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Acct. Name: Accounts Payable Acct #: 221
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Acct. Name: Lara, Capital Acct #: 311
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Acct. Name: Lara, Drawing Acct #: 312
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
General Ledger
BALANCE
BALANCE
BALANCE
BALANCE
31ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 3
P3-4A
Acct. Name: Landscaping Income Acct #: 411
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Acct. Name: Salary Expense Acct #: 511
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Acct. Name: Rent Expense Acct #: 512
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Acct. Name: Gas & Oil Expense Acct #: 513
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Acct. Name: Utilities Expense Acct #: 514
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Acct. Name: Supplies Expense Acct #: 515
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
General Ledger
BALANCE
BALANCE
BALANCE
BALANCE
BALANCE
BALANCE
32ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 4
E4-4
Account Name Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
Cash 4,620
Prepaid Insurance 1,800
Equipment 4,880
Accum Depreciation-Equip 1,350
Accounts Payable 2,539
M. Benson, Capital 4,544
M. Benson, Drawing 2,000
Income From Services 6,937
Rent Expense 1,086
Supplies Expense 256
Wages Expense 660
Miscellaneous Expense 68
15,370 15,370
Marge's Place
Work Sheet
For Month Ending June 30, 20XX
Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet
33ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 4
E4-8
Date DEBIT CREDITDescription
34ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 4
P4-3A
Account Name Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
Cash 2,589
Prepaid Insurance 1,136
Equipment 21,752
Accum Depreciation-Equip 14,357
Accounts Payable 2,647
K. Clayton, Capital 28,169
K. Clayton, Drawing 21,359
Income From Services 40,850
Wages Expense 23,983
Rent Expense 11,673
Utilities Expense 1,254
Supplies Expense 652
Telephone Expense 1,144
Miscellaneous Expense 481
86,023 86,023
Clayton Cleaners
Work Sheet
September 30, 20XX
Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet
35ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 4
P4-3A (Continued)
Date Description Debit Credit
Adjusting Entries
36ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 4P4-4A
Account Name Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
Cash 14,721
Prepaid Insurance 1,295
Equipment 17,642
Accum Depreciation-Equip 2,287
Repair Equipment 1,265
Accum Depreciation-Rpr Eq 880
Accounts Payable 942
B. Ryan, Capital 23,871
B. Ryan, Drawing 2,000
Game Fees 7,954
Concession Fees 3,752
Wages Expense 1,068
Rent Expense 980
Utilities Expense 246
Repair Expense 180
Supplies Expense 257
Miscellaneous Expense 32
39,686 39,686
P4-4A (Continued)
Game TimeWork Sheet
July 31, 20XX
Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet
37ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 4
Date Description Debit Credit
Adjusting Entries
38ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 4
P4-4A (Continued)
Financial Statements
39ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 4
P4-4A (Continued)
40ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 5
E5-1
Account
Real
or
Nominal
Closed
Yes or No
Income Statement
or
Balance Sheet
Example: Building
Prepaid Insurance
Accounts Payable
Wages Payable
Services Revenue
Rent Expense
Supplies Expense
Accumulated Depreciation
E5-3
Date Description Debit Credit
Closing Entries
41ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 5
E5-6
Date Description Debit Credit
New Balance in D Mau Capital after Closing. Post to T-Account and balance off.
63,410
45,550 36,520
12,000
Closing Entries
D. Mau, Capital
Income Summary
D. Mau, Drawing
42ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 5
P5-4A
Account Name Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
Cash 5,491
Accounts Receivable 624
Prepaid Insurance 1,280
Equipment 6,497
Accum Depreciation-Equip 2,672
Van 10,989
Accum Depreciation-Van 4,368
Accounts Payable 1,036
B. Bryan, Capital 18,583
B. Bryan, Drawing 18,000
Fees Earned 38,417
Salary Expense 18,600
Advertising Expense 1,887
Supplies Expense 397
Van Operating Expense 462
Utilities Expense 685
Miscellaneous Expense 164 65,076 65,076
Bryan CompanyWork Sheet
June 30, 20XX
Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet
43ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 5
P5-4A (Continued)
Date Description Debit Credit
Adjusting Entries
44ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 5
P5-4A (Continued)
Date Description Debit Credit
Closing Entries
45ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 5
P5-4A (Continued)
Financial Statements
46ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 5
P5-4A (Continued)
47ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 6
P6-1A
Balance Per Bank
ADD:
DEDUCT:
Adjusted Balance Per Bank
Balance Per Book
ADD:
DEDUCT:
Adjusted Balance Per Book
Bank Reconciliation
48ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 6
P6-1A (Continued)
Date DEBIT CREDITDescription
49ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 6
P6-3A
Date DEBIT CREDITDescription
50ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 6
P6-4A (Modified Instructions: Skip Step 3)
Balance Per Bank
ADD:
DEDUCT:
Adjusted Balance Per Bank
Balance Per Book
ADD:
DEDUCT:
Adjusted Balance Per Book
Bank Reconciliation
51ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 6
P6-4A (Continued)
Date DEBIT CREDITDescription
52ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 7
E7-2
X Y Z
a X hours at straight time × Y per hour = Z
b X hours overtime × Y per hour = Z
c Total gross pay = Z
d Federal income tax withholding = Z 256.81
e Social Security tax withholding at 6.2 percent = Z
f Medicare tax withholding at 1.45 percent = Z
g Total withholding = Z
h Net pay Z
E7-5
Name
Beginning
Cumulative
Earnings
Total
Earnings
Ending
Cumulative
Earnings Unemployment
Social
Security Medicare
Axton 106,000.00 7,691.00 113,691.00
Edgar 145,465.00 10,900.00 156,365.00
Gorman 36,879.00 3,064.00 39,943.00
Jolson 24,634.00 2,325.00 26,959.00
Nixel 6,850.00 2,463.00 9,313.00
Taxable Earnings
53ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 7
P7-1A
54ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 8
P8-1A
Date DEBIT CREDITDescription
55ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 8
P8-1A
Date DEBIT CREDITDescription
56ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 9
E9-1
Date DEBIT CREDIT
E9-6
Date DEBIT CREDIT
Description
Description
57ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 9
P9-1A
DEBIT CREDIT
Sales Tax Payable 72.84
Accounts Receivable - GL Controlling Acct 111.22
Accounts Receivable Subsidiary Ledger:
All Star Legion 34.22
C. Morales 19.50 Price Savings and Loan Association 57.50
Total 111.22
Date DEBIT CREDIT
Beginning Account Balances
March 1, 20XX
Description
58ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 9
P9-1A (Continued)
Date DEBIT CREDITDescription
59ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 9
P9-1A (Modified Instructions: Skip Steps 2 and 3. Post entries to T-Accounts and Balance T-Accounts.)
(Continued)
= +
BALANCE SHEET INCOME STATEMENT
Sales Returns & Allow.
ASSETS LIABILITIES EQUITY
Accts Receivable Sales Tax Payable Sales
60ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 9
61ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 9
P9-2A
Date DEBIT CREDITDescription
62ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 9
Jun. 30
63ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 9
P9-2A (Modified Instructions: Skip Step 1 and 5)
(Continued)
Acct. Name: Accounts Payable Acct #: 212
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Apr. 1 Balance 3,162.55
Acct. Name: Purchases Acct #: 511
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Apr. 1 Balance 559.06
Acct. Name: Purchase Returns and Allowances Acct #: 512
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Apr. 1 Balance 123.50
General Ledger
BALANCE
BALANCE
BALANCE
64ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 9
P9-2A (Continued)
Acct. Name: Freight-IN Acct #: 514
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Jun. 30 Balance 15.20
BALANCE
65ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 9
P9-3A
Date DEBIT CREDITDescription
66ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 9
Acct. Name:
Date
Acct. Name:
Date
Acct. Name:
Date
Acct. Name:
Date
67ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 9
P9-3A (Modified Instructions: Skip Step 1, 2, 6, 7, and 8)
(Continued)
Acct. Name: Accounts Receivable Acct #: 113
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Jan. 1 Balance 221.16
Acct. Name: Accounts Payable Acct #: 212
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Jan. 1 Balance 978.63
Acct. Name: Sales Tax Payable Acct #: 214
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Jan. 1 Balance 128.45
General Ledger
BALANCE
BALANCE
BALANCE
68ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 9
P9-3A (Continued)
Acct. Name: Sales Acct #: 411
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Acct. Name: Sales Returns and Allowances Acct #: 412
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Acct. Name: Purchases Acct #: 511
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Acct. Name: Purchase Returns and Allowances Acct #: 512
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
Acct. Name: Freight-IN Acct #: 514
Date Item Post Ref DEBIT CREDIT DEBIT CREDIT
BALANCE
BALANCE
BALANCE
BALANCE
BALANCE
69ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 10
E10-1
a.
b.
c.
d.
e.
E10-4
Date DEBIT CREDITDescription
70ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 10
E10-5
Date DEBIT CREDITDescription
71ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 10
P10-2A (Modified Instructions: Journalize into the General Journal. Skip step 2 & 3)
Date DEBIT CREDITDescription
72ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 10
P10-2A (Continued)
Date DEBIT CREDITDescription
73ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 10
P10-3A (Modified Instructions: Journalize into the General Journal. Skip step 2 & 3)
Date DEBIT CREDITDescription
74ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 10
P10-3A (Continued)
Date DEBIT CREDITDescription
75ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 11
E11-1 Dates of Supply Purchases
Dates of Supply Returns
Dates of Supply Adjustment to On-Hand
Dollar Amount of Supplies on Hand at Dec. 31
E11-3
Date DEBIT CREDIT
Adjusting Entries
a.
b.
c.
E11-4
Bal. 241,072
Description
Merchandise Inventory
Income Summary
76ACCTG 200A - College Accounting - McQuaig 10e
Work Papers for Selected Exercises and Problems
CHAPTER 11
E11-7
Date DEBIT CREDIT
Adjusting Entries
Description
77ACCTG 200A - College Accounting - McQuaig 10e (Modified Instructions: Skip Step 2)Work Papers for Selected Exercises and Problems
CHAPTER 11 P11-2A
Account Name Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
Cash 10,592
Accounts Receivable 43,962
Merchandise Inventory 120,838
Supplies -
Prepaid Insurance 2,628
Store Equipment 35,924
Accum Depreciation-Str Eq 29,420
Office Equipment 10,436
Accum Depreciation-Off Eq 1,720
Notes Payable 5,000
Accounts Payable 29,822
Wages Payable -
Unearned Rent 3,200
A. P Beldren, Capital 120,532
A. P Beldren, Drawing 29,000
Income Summary - -
Rent Income -
Sales 653,000
Sales Returns & Allow. 9,748
Purchases 519,374
Purchase Returns & Allow. 12,440
Purchase Discounts 8,634
Freight-IN 24,724
Wages Expense 54,200
Depreciation Expense-Str Eq -
Depreciation Expense-Off Eq -
Insurance Expense -
Supplies Expense 1,570 Interest Expense 772
863,768 863,768
Net Income
Beldren Home Center
Work Sheet
December 31, 20XX
Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet
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