Institutional Affiliation Accounting Solutions Assignment - 1375 Words

Institutional Affiliation: Accounting (Solutions) Case Assignment (Math Problem Sample) Content: Accounting (Solutions)Studentà ¢Ã¢â€š ¬s NameInstitutional AffiliationAccounting (Solutions)Part A (20 points) TitleJournal Entries (Davidson Weil, 1977).Date Details Cash Bank 2 Cash $5,000   Owners' equity  $5,000    8 Supplies  $100   Accounts payable  $100       10 Salaries $700   Cash  $700    15 Accounts payable $100   Cash  $100          21 Salaries expense $30    Salaries payable  $30 Part BTitleTwo-column journal (O'Donnell Hoetker, 1973). Description  Debit Credit a Accounts receivable $7,000    Sales   $7,000 b Equipment $45,000    Cash  $20,000  Accounts payable  $25,000 c Rent expense  $3,000    Cash   $3,000 d Supplies $2,500   Ac counts payable  $2,500 e Cash   $1,000    capital   $1,000 f Cash $7,000   Account receivable  $7,000 g Accounts payable  $1,200    Cash   $1,200 h Wages expense $6,250   Cash  $6,250 i Cash   $7,150    Accounts receivable  $7,150 j Capital $1,750    Cash   $1,750 TitleClosing Entries as at 31st December (Davidson Weil, 1977).31-Dec Tutoring fee   $3,450   Income statement  $3,450      Income statement  $700   Wages expense  $700        I...