Solutions For Survey of Accounting, 7th Edition Edmonds (All Chapters included)

Survey of Accounting
7th Edition
by Thomas P. Edmonds


Complete Chapter Solutions Manual
are included (Ch 1 to 16)


** Immediate Download
** Swift Response
** All Chapters included
** Active Learning Worksheets

,SOLUTIONS TO APPENDIX B

APPENDIX B 1-1

Event Number Account Debited Account Credited
a. Cash Common Stock
b. Cash Unearned Revenue
c. Accounts Receivable Service Revenue
d. Accounts Payable Cash
e. Prepaid Rent Cash
f. Operating Expenses Cash
g. Salaries Payable Cash
h. Supplies Accounts Payable
i. Dividends Cash
j. Unearned Revenue Service Revenue
k. Cash Accounts Receivable
l. Salaries Expense Cash
m. Rent Expense Prepaid Rent




B-1

, APPENDIX B 1-2
a.
Pearson Service Co.
General Journal, Year 1

Event Account Titles Debit Credit
1. Cash 50,000
Common Stock 50,000

2. Accounts Receivable 90,000
Service Revenue 90,000

3. Salaries Expense 64,000
Cash 64,000

4. Supplies 12,000
Accounts Payable 12,000

5. Cash 78,000
Accounts Receivable 78,000

6. Accounts Payable 8,500
Cash 8,500

7. Dividends 5,000
Cash 5,000

8. Supplies Expense* 10,500
Supplies 10,500

*$12,000 − $1,500 = $10,500




B-2