NAME SECTION DATE

PROBLEM 31 HEARTLAND CONSTRUCTION

General Journal

a.

20__ Feb. 1

10

16

18

22

23

27

28

The McGraw-Hill Companies, Inc., 2002

21

PROBLEM 31 HEARTLAND CONSTRUCTION (concluded)

b. Transaction Feb. 1 Feb. 10 Assets = Liabilities + Owners Equity

Feb. 16 Feb. 18 Feb. 22 Feb. 23 Feb. 27 Feb. 28

NAME SECTION DATE

PROBLEM 32 ENVIRONMENTAL SERVICES, INC.

22

The McGraw-Hill Companies, Inc., 2002

a.

PROBLEM 32 ENVIRONMENTAL SERVICES, INC. (continued)

The McGraw-Hill Companies, Inc., 2002

23

b. General Journal 20__ Aug. 1 (1)

(2) 3

(3) 5

(4) 17

(5) 22

(6) 29

(7) 30

PROBLEM 32 ENVIRONMENTAL SERVICES, INC. (concluded)

24

The McGraw-Hill Companies, Inc., 2002

c.

d.

The McGraw-Hill Companies, Inc., 2002

25

NAME SECTION a. Transaction Sept. 1 Sept. 3 Sept. 9 Sept. 14 Sept. 25 Sept. 26 Sept. 29 Sept. 30 DATE Income Statement Net Revenue Expenses = Income

PROBLEM 33 WEIDA SURVEYING, INC.

Balance Sheet Assets = Liabilities + Owners Equity

PROBLEM 33 WEIDA SURVEYING, INC. (concluded)

26

The McGraw-Hill Companies, Inc., 2002

b. General Journal Sept. 1

14

25

26

29

30

c.

NAME SECTION a. Transaction DATE Income Statement Net Revenue Expenses = Income

PROBLEM 34 AERIAL VIEWS

Balance Sheet Assets = Liabilities + Owners Equity
27

The McGraw-Hill Companies, Inc., 2002

June 1 June 2 June 4 June 15 June 15 June 18 June 25 June 30 June 30 June 30 June 30

PROBLEM 34 AERIAL VIEWS (continued)

28

The McGraw-Hill Companies, Inc., 2002

b. General Journal 2002 June 1

15

15

18

25

30

30

30

30

NAME SECTION DATE

PROBLEM 34 AERIAL VIEWS (continued)

The McGraw-Hill Companies, Inc., 2002

29

c. Date 2002 June 1 2 4 15 18 25 30 Explanation

Cash Debit

Credit

Balance

Date 2002 June 15 25 30

Explanation

Accounts Receivable Debit

Credit

Balance

Date 2002 June 2

Explanation

Aircraft Debit

Credit

Balance

Date 2002 June 2

Explanation

Notes Payable Debit

Credit

Balance

Date 2002 June 30

Explanation

Accounts Payable Debit

Credit

Balance

PROBLEM 34 AERIAL VIEWS (continued)

30

The McGraw-Hill Companies, Inc., 2002

Date 2002 June 30

Explanation

Dividends Payable Debit

Credit

Balance

Date 2002 June 1

Explanation

Capital Stock Debit

Credit

Balance

Date 2002 June 30

Explanation

Dividends Debit

Credit

Balance

Date 2002 June 15 30

Explanation

Aerial Photography Revenue Debit

Credit

Balance

Date 2002 June 18

Explanation

Maintenance Expense Debit

Credit

Balance

NAME SECTION DATE

PROBLEM 34 AERIAL VIEWS (continued)

The McGraw-Hill Companies, Inc., 2002

31

Date 2002 June 30

Explanation

Fuel Expense Debit

Credit

Balance

Date 2002 June 15 30

Explanation

Salaries Expense Debit

Credit

Balance

Date 2002 June 4

Explanation

Rent Expense Debit

Credit

Balance

PROBLEM 34 AERIAL VIEWS (continued)

d. AERIAL VIEWS Trial Balance June 30, 2002

32

The McGraw-Hill Companies, Inc., 2002

NAME SECTION DATE

PROBLEM 34 AERIAL VIEWS (concluded)

Total assets:

Total liabilities:

Total stockholders equity:

The above figures are most likely not the amounts to be reported in the balance sheet dated June 30. The accounting cycle includes adjustments that must be made to the trial balance figures before financial statements are prepared. The adjusting process is covered in Chapter 4.

The McGraw-Hill Companies, Inc., 2002

33

NAME SECTION a. Transaction May 1 May 4 May 9 May 16 May 21 May 24 May 27 May 28 May 31 DATE Income Statement Net Revenue Expenses = Income

PROBLEM 35 DR. SCHEKTER, DVM

Balance Sheet Assets = Liabilities + Owners Equity

PROBLEM 35 DR. SCHEKTER, DVM (continued)

34

The McGraw-Hill Companies, Inc., 2002

b. General Journal 2002 May 1

16

21

24

27

28

31

NAME SECTION c. Cash

The McGraw-Hill Companies, Inc., 2002

DATE

PROBLEM 35 DR. SCHEKTER, DVM (continued)

Notes Payable
35

Accounts Receivable

Accounts Payable

Office Supplies

Capital Stock

Medical Instruments

Veterinary Service Revenue

Office Fixtures & Equipment

Advertising Expense

Land

Salary Expense

Building

PROBLEM 35 DR. SCHEKTER, DVM (continued)

36

The McGraw-Hill Companies, Inc., 2002

d.

DR. SCHEKTER, DVM Trial Balance May 31, 2002

NAME SECTION DATE

PROBLEM 35 DR. SCHEKTER, DMV (concluded)

The McGraw-Hill Companies, Inc., 2002

37

e.

Total assets:

Total liabilities:

Total owners' (stockholders) equity:

38

The McGraw-Hill Companies, Inc., 2002

 The McGraw-Hill Companies, Inc., 2002

39