The following balances appeared in the general ledger accounts of Fenton Table Rentals Corporation at April...
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The following balances appeared in the general ledger accounts of Fenton Table Rentals Corporation at April 1, 2019. April 1 balances: Cash Debit Credit 5,000 Accounts receivable 5,000 Prepaid rent 200 Unused supplies 500 Accounts payable 4,000 6,700 Common stock Required: 1 Prepare journal entries to record the April transactions shown on the "Transactions" page (see tab below). Include general ledger account numbers. 2 Post the transactions to the T-accounts. 3 Prepare a trial balance at April 30, 2019. 4 Prepare an interim income statement and statement of changes in equity for the month ended April 30, 2019 and X Ch. 2 Student Assign Copy of Ch 2 Journal entries and fcl. stmts US Edition at August 29_18 - Copy.xlsx File Edit Insert Format Help QQ Calibri 11 BIUSA. fx A B C 1 2 April E F G H K L M N P Transaction Amount 3 a. Collected cash owed by a customer $1,000 4 b. Billed customers for tables rented to date 1,000 5 C. Paid the following expenses: 6 Advertising 100 7 Salaries 1,000 8 Telephone 500 d. Paid part of the accounts payable owing at April 1 800 10 e. Received a bill for April truck repair expenses 500 11 f. Collected cash owed by a customer 2,900 12 g. Billed customers for tables rented to date 2,000 13 h. Transferred prepaid rent to rent expense 60 14 i. Counted supplies and found this amount still on hand 15 (recorded the amount used as an expense) 300 16 Paid a dividend 700 17 18 23 2222222222 19 20 21 24 25 26 27 28 Required Transactions T-accounts Jnl. Entries Trial Bal. Statements Copyright X Ch. 2 Student Assign Copy of Ch 2 Journal entries and fcl. stmts US Edition at August 29_18 - Copy.xlsx File Edit Insert Format Help QQ Calibri 11 BIUSA- fx A B C D E F G H J K L M N P R S T Fenton Table Rentals Corporation 2 3 Cash No. 101 Acct. Pay. No. 210 Common No. 320 Service Rev. No. 470 4 5 6 7 8 Acct. Rec. No. 110 Dividends No. 350 Advert. Exp. No. 610 10 11 13 14 15 Ppd. Rent No. 162 16 17 SONNEN1922222222222 18 Unused Sup No. 173 20 23 24 25 26 27 Required Transactions T-accounts Jnl. Entries Trial Bal. Statements Copyright Rent Exp. No. 654 Salaries No. 656 Supp. Exp. No. 668 Tel. Exp. No. 669 Truck Op. No. 670 X Ch. 2 Student Assign Copy of Ch 2 Journal entries and fcl. stmts US Edition at August 29_18 - Copy.xlsx File Edit Insert Format Help QQ Calibri 12 BI USA fx 1 A B Fenton Table Rentals Corporation GENERAL JOURNAL 2 3 April 4 2019 Description 24 26 27 28 5678 20 22 221395222222222221 E F G H J K L M N PR Debit Credit Required Transactions T-accounts Jnl. Entries Trial Bal. Statements Copyright (**There is 45 vertical columns I just cant screenshot the entire page**) X Ch. 2 Student Assign Copy of Ch 2 Journal entries and fcl. stmts US Edition at August 29_18 - Copy.xls: File Edit Insert Format Help QQ Calibri 12 BI USA C E F G H J K L M fx Fenton Table Rentals Corporation A 1 2 3 4 B Fenton Table Rentals Corporation Trial Balance At April 30, 2019 10 5 6 Acct. No Account Title Debit Accounts Balances Credit 7 101 Cash 8 110 Accounts receivable 9 162 Prepaid rent 10 173 Unused supplies 11 210 Accounts payable 12 320 Common stock 13 350 Dividends 14 470 Service revenue 15 610 Advertising expense 16 654 Rent expense 17 656 Salaries expense 18 668 Supplies expense 19 669 Telephone expense 20 670 Truck operating expense 21 24 2222222222 Required Transactions T-accounts Jnl. Entries Trial Bal. Statements Copyright X Ch. 2 Student Assign Copy of Ch 2 Journal entries and fcl. stmts US Edition at August 29_18 - Cop File Edit Insert Format Help QQ Calibri 11 BIUSA fx A B 123 45 69 7 8 9 10 11 12 13 14 15 16 17 18 19 F G H K L M N P Fenton Table Rentals Corporation C DE Fenton Table Rentals Corporation Income Statement For the Month Ended April 30, 2019 Revenue Expenses 20 21 Fenton Table Rentals Corporation Statement of Changes in Equity 22 For the Month Ended April 30, 2019 23 2222222 24 Common stock Retained earnings Total equity 25 Opening balance 26 27 28 29 Ending balance 30 Balance Sheet At April 30, 2019 Assets Liabilities Stockholders' Equity Required Transactions T-accounts Jnl. Entries Trial Bal. Statements Copyright The following balances appeared in the general ledger accounts of Fenton Table Rentals Corporation at April 1, 2019. April 1 balances: Cash Debit Credit 5,000 Accounts receivable 5,000 Prepaid rent 200 Unused supplies 500 Accounts payable 4,000 6,700 Common stock Required: 1 Prepare journal entries to record the April transactions shown on the "Transactions" page (see tab below). Include general ledger account numbers. 2 Post the transactions to the T-accounts. 3 Prepare a trial balance at April 30, 2019. 4 Prepare an interim income statement and statement of changes in equity for the month ended April 30, 2019 and X Ch. 2 Student Assign Copy of Ch 2 Journal entries and fcl. stmts US Edition at August 29_18 - Copy.xlsx File Edit Insert Format Help QQ Calibri 11 BIUSA. fx A B C 1 2 April E F G H K L M N P Transaction Amount 3 a. Collected cash owed by a customer $1,000 4 b. Billed customers for tables rented to date 1,000 5 C. Paid the following expenses: 6 Advertising 100 7 Salaries 1,000 8 Telephone 500 d. Paid part of the accounts payable owing at April 1 800 10 e. Received a bill for April truck repair expenses 500 11 f. Collected cash owed by a customer 2,900 12 g. Billed customers for tables rented to date 2,000 13 h. Transferred prepaid rent to rent expense 60 14 i. Counted supplies and found this amount still on hand 15 (recorded the amount used as an expense) 300 16 Paid a dividend 700 17 18 23 2222222222 19 20 21 24 25 26 27 28 Required Transactions T-accounts Jnl. Entries Trial Bal. Statements Copyright X Ch. 2 Student Assign Copy of Ch 2 Journal entries and fcl. stmts US Edition at August 29_18 - Copy.xlsx File Edit Insert Format Help QQ Calibri 11 BIUSA- fx A B C D E F G H J K L M N P R S T Fenton Table Rentals Corporation 2 3 Cash No. 101 Acct. Pay. No. 210 Common No. 320 Service Rev. No. 470 4 5 6 7 8 Acct. Rec. No. 110 Dividends No. 350 Advert. Exp. No. 610 10 11 13 14 15 Ppd. Rent No. 162 16 17 SONNEN1922222222222 18 Unused Sup No. 173 20 23 24 25 26 27 Required Transactions T-accounts Jnl. Entries Trial Bal. Statements Copyright Rent Exp. No. 654 Salaries No. 656 Supp. Exp. No. 668 Tel. Exp. No. 669 Truck Op. No. 670 X Ch. 2 Student Assign Copy of Ch 2 Journal entries and fcl. stmts US Edition at August 29_18 - Copy.xlsx File Edit Insert Format Help QQ Calibri 12 BI USA fx 1 A B Fenton Table Rentals Corporation GENERAL JOURNAL 2 3 April 4 2019 Description 24 26 27 28 5678 20 22 221395222222222221 E F G H J K L M N PR Debit Credit Required Transactions T-accounts Jnl. Entries Trial Bal. Statements Copyright (**There is 45 vertical columns I just cant screenshot the entire page**) X Ch. 2 Student Assign Copy of Ch 2 Journal entries and fcl. stmts US Edition at August 29_18 - Copy.xls: File Edit Insert Format Help QQ Calibri 12 BI USA C E F G H J K L M fx Fenton Table Rentals Corporation A 1 2 3 4 B Fenton Table Rentals Corporation Trial Balance At April 30, 2019 10 5 6 Acct. No Account Title Debit Accounts Balances Credit 7 101 Cash 8 110 Accounts receivable 9 162 Prepaid rent 10 173 Unused supplies 11 210 Accounts payable 12 320 Common stock 13 350 Dividends 14 470 Service revenue 15 610 Advertising expense 16 654 Rent expense 17 656 Salaries expense 18 668 Supplies expense 19 669 Telephone expense 20 670 Truck operating expense 21 24 2222222222 Required Transactions T-accounts Jnl. Entries Trial Bal. Statements Copyright X Ch. 2 Student Assign Copy of Ch 2 Journal entries and fcl. stmts US Edition at August 29_18 - Cop File Edit Insert Format Help QQ Calibri 11 BIUSA fx A B 123 45 69 7 8 9 10 11 12 13 14 15 16 17 18 19 F G H K L M N P Fenton Table Rentals Corporation C DE Fenton Table Rentals Corporation Income Statement For the Month Ended April 30, 2019 Revenue Expenses 20 21 Fenton Table Rentals Corporation Statement of Changes in Equity 22 For the Month Ended April 30, 2019 23 2222222 24 Common stock Retained earnings Total equity 25 Opening balance 26 27 28 29 Ending balance 30 Balance Sheet At April 30, 2019 Assets Liabilities Stockholders' Equity Required Transactions T-accounts Jnl. Entries Trial Bal. Statements Copyright
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College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
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