9.
a)
b)
c)
d)
e)
f)
g)
h)
i)
b XXX
C XXX
D XXX
E XXX
XXX
G XXX
H XXX
I
J
XXX
XXX
K XXX
DETAILS
FURNITURE
BANK A/C
STAFF WELFARE
CREDIT CARD A/C
ELECTRICITY EXPENSE A/C
CREDIT CARD A/C
DEBIT
1,000.00
CREDIT
1,000.00
58.00
58.00
350.00
350.00
400.00
500.00
500.00
200.00
200.00
100.00
100.00
200.00
200.00
200.00
200.00
150.00
150.00
50.00
50.00
11 REVENUES ARE RECOGNIZED WHEN CASH IS RECEIVED AND EXPENSES ARE RECOGNIZED WHEN
CASH IS PAID
12. REVENUES ARE RECOGNIZED WHEN THEY ARE EARNED AND EXPENSES ARE RECOGNIZED
WHEN THEY OCCUR AND ARE MATCHED WITH THE REVENUE OF THE PERIOD.
DEBIT
CREDIT
300
300
300
500
300
500
Current Assets:
Sales
Prepaid expenses
Amortization Expense
Investments
Insurance Expense
Inventories
Rent Expense
Long-Term Investments:
Marketing Expense
Gain on sale
Interest Income
Loss on sale
Fixed Assets:
Interest Expense
Income Tax
Computer hardware
Computer software
Furniture and fixtures
Leasehold improvements
Office equipment
Production equipment
Accumulated depreciation
Intangible Assets:
Current Liabilities:
Trade and other payables
Accrued expenses
Current tax liabilities
Current portion of loans payable
Other financial liabilities
Liabilities held for sale
Long-Term Liabilities:
Loans payable
Deferred tax liabilities
Other non-current
liabilities
Shareholders' Equity:
Capital stock
Additional paid-in capital
Retained earnings
23
24
25
26
27
28
29
30
31
32
33
34
35
DATE
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
36
XXX
37
XXX
DETAILS
CASH
OWNERS'S EQUITY
DEBIT
XX
CREDIT
XX
OFFICE FURNITURE
BANK A/C
XX
CASH
SALES
XX
PURCHASES
ACCOUNTS PAYABLE
XX
ACCOUNTS RECEIVABLE
SALES
XX
ADVERTISING
ADVERTISING PAYABLE
XX
OWNER'S DRAW
BANK
XX
RENT
BANK
XX
BANK A/C
LOAN A/C
XX
BANK FEES
BANK A/C
XX
BANK A/C
ACCOUNTS PAYABLE
XX
EQUIPMENT
NOTE PAYABLE
XX
LOAN A/C
BANK A/C
XX
EQUIPMENT A/C
OWNER'S EQUITY
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
DEBIT
CREDIT
600
600
600.00
20.00
20.00
30.00
10.00
5.00
15.00
5.00
5.00
490.00
20.00
20.00
30.00
10.00
5.00
15.00
5.00
5.00
490.00
600.00