Answer question 1:

a. To begin operations, Michael deposited $10,000 cash in the business’s bank account. The
business received the cash and gave capital to Moe
Dr Cash: 10,000
Cr Moe, Capital: 10,000

b. The business purchased equipment for $3,500 on account

Dr Equipment: 3,500
Cr Accounts payable: 3,500

c. The business purchased office supplies for $800 cash

Dr Supplies: 800
Cr Cash: 800

d. The business provided $2,600 of service to customer on account

Dr Accounts receivable: 2,600
Cr Service Revenue: 2,600

e. The business paid $500 cash toward the equiment previously purchased on account in
transaction b
Dr Accounts payable: 500
Cr Cash: 500

f. The business received $2,000 in cash for service provided to a new customer
Dr Cash: 2,000
Cr Service Revenue: 2,000

g. The business paid $200 cash to repair equipment

Dr Repair expense: 200
Cr Cash: 200

h. The business paid $900 cash in salary expense

Dr Salary expense: 900
Cr Cash: 900

i. The business received $2,000 cash from customer on account

Dr Cash: 2,000
Cr Accounts receivable: 2,000

j. Moe with drew cash of $1,500

Dr Moe, Drawings: 1,500
Cr Cash: 1,500
 MOE’S MOWING, INC

UNADJUSTED TRIAL BALANCE

Account Dr Cr
Cash 10,200
Accounts receivable 500
Equipment 3,500
Supplies 800
Accounts payable 3,000
Moe, Capital 10,000
Moe, Drawing 1,500
Service revenue 4,600
Repair expense 200
Salary expense 900
Total 17,600 17,600

Answer question 2:

July 2: Paid utilities expense of $400

Dr Utilities expense: 400

Cr Cash: 400

July 5: Purchased equipment on account $2,100

Dr Equipment: 2,100
Cr Accounts payable: 2,100

July 10: Performed service for a client on account $2,000

Dr Accounts receivable: 2,000

Cr Service Revenue: 2,000

July 12: Borrowed $7,000 cash, signing a note payable.

Dr Cash: 7,000
Cr Notes payable: 7,000

July 19: Sold for $29,000 land that had cost this same amount.

Dr Accounts receivable: 29,000

Cr Land: 29,000

July 21: Purchased supplies for $800 and paid cash.

Dr Supplies: 800
Cr Cash: 800

July 27: Paid the liability from July 5.

 Dr Accounts payable: 2,100
Cr Cash: 2,100

Answer question 3:

May 1: The business received cash of $75,000 and gave capital to owner

Dr Cash: 75,000
Cr Ward, Capital: 75,000

July 5: Purchased supplies of $500 on account

Dr Supplies: 500
Cr Accounts payable: 500

May 4: Paid $53,000 cash for a building

Dr Building: 53,000
Cr Cash: 53,000

May 6: Performed service for customers and received cash $2,600

Dr Cash: 2,600
Cr Service Revenue: 2,600

May 9: Paid $400 on accounts payable

Dr Accounts payable: 400

Cr Cash: 400

May 17: Performed service for customers on account, $2,500

Dr Accounts receivable: 2,500

Cr Service Revenue: 2,500

May 23: Received $1,900 cash on account from a customer

Dr Cash: 1,900
Cr Accounts receivable: 1,900

May 31: Paid the following expenses: salary, $1,100; rent, $900

Dr Salary expense: 1,100

Dr Rent expense: 900
Cr Cash: 2,000

WARD TECHNOLOGY SOLUTION

 UNADJUSTED TRIAL BALANCE

Account Dr Cr
Cash 24,100
Building 53,000
Supplies 500
Accounts receivable 600
Accounts payable 100
Ward, Capital 75,000
Service revenue 5,100
Salary expense 1,100
Rent expense 900
Total 80,200 80,200

Answer question 4:

Aug 1: Ron Wu invested $60,000 of cash to start the business

Dr Cash at Bank: 60,000

Cr Ron Wu, Capital: 60,000

Aug 2: Purchased supplies of $200 on credit

Dr Supplies: 200
Cr Accounts payable: 200

Aug 4: Paid $50,000 cash for a building

Dr Building: 50,000
Cr Cash at Bank: 50,000

Aug 6: Performed service for customers and received cash $3,000

Dr Cash at Bank: 3,000

Cr Service Revenue: 3,000

Aug 9: Paid $100 on accounts payable

Dr Accounts payable: 100

Cr Cash at Bank: 100

Aug 17: Performed serviced for customers on credit, $2,100

Dr Accounts receivable: 2,100

Cr Service Revenue: 2,100

Aug 23: Received $1,200 cash from a customer on account

Dr Cash at Bank: 1,900

Cr Accounts receivable: 1,900
Aug 31: Paid the following expenses: salary, $1,200; rent, $500

Dr Salary expense: 1,200

Dr Rent expense: 500
Cr Cash: 1,700

WU TECHNOLOGY SOLUTION

UNADJUSTED TRIAL BALANCE

Account Dr Cr
Cash 12,400
Building 50,000
Supplies 200
Accounts receivable 900
Accounts payable 100
Ron Wu, Capital 60,000
Service revenue 5,100
Salary expense 1,200
Rent expense 500
Total 65,200 65,200