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WUSTL
ACCT 2610 -
Chapter 3 Solution to Practice Problem 1
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Washington University in St. Louis
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Chapter 3 Solution to Practice Problem 1Cash Accounts Receivable SuppliesBeg. 0(a) 40,000(c) 75,000(e) 10,900(f) 1,70020,000 (b)8,830 (d) 63 (h)5,080 (i) 600 (j)55,000 (k)Beg. 0(a) 2,000(f) 1,500Beg. 0(a) 1,20038,027 3,500 1,200Equipment Building Accounts PayableBeg. 0(a) 18,300(k) 35,000Beg. 0(b)160,000(k) 20,000 0 Beg.320 (g)53,300 180,000 320Note Payable Mortgage Payable Contributed Capital 0 Beg.75,000 (c) 0 Beg.140,000(b) 0 Beg.61,500 (a)75,000 140,000 61,500RetainedEarnings Food Sales RevenueCatering Sales Revenue(j) 600 0 Beg. 0 Beg.10,900 (e) 0 Beg.3,200 (f)600 10,900 3,200Cost of Food and PaperProductsUtilities Expense Wages ExpenseBeg. 0(d) 8,830Beg. 0(g) 320Beg. 0(i) 5,0808,830 320 5,080Fuel ExpenseBeg. 0(h)
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