ACC 231: Chapter 2 Homework Questions with complete solution 2025/2026

ACC 231: Chapter 2 Homework Questions with complete
solution 2025/2026
1. Fill out the
follow-ing chart
to show the
impact on the
accounting
equa-tion from
each
transaction.

2. Journalize the journal entry.
transactions of On July 22, per-formed services for clients
Oscar Roberts, on
architect.
Include an
explanation
with each
journal entry.
On July 15,
Os-car
Roberts bor-
rowed
$63,000 from
the bank,
signing a note
payable.

3. Journalize the
transactions of
Oscar Roberts,
architect.
Include an
explanation
with each


,Debit: Cash - $63,000 rowed money from the
C bank.
r
e
d
i
t
:

N
o
t
e
Debit: Accounts Receivable - $17,600
P Credit: Service Revenue - $17,600
a Performed services on account.
y
a
b
l
e

-

$
6
3
,
0
0
0

B
o
r


, ACC 231: Chapter 2 Homework

account totaling
$17,600.

4. Journalize the architect. Include an explanation
transactions of
Oscar Roberts,
architect.
Include an
explanation
with each
journal entry.
On July 28, re-
ceived
$11,000 cash
on account
from clients.

5. Journalize the
transactions of
Oscar Roberts,
architect.
Include an
explanation
with each
journal entry.
On July 29,
re-ceived and
paid a utility
bill of
$1,800.

6. Journalize the
transactions of
Oscar Roberts,