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Sheet1 P3.3A Date Account Debit Credit Apr. 2 Rent expense 800 Cash 800 3 Accounts receivable 1,000 Service revenue 1,000 5 Cash 1,250 Service revenue 1,250 6 Equipment 3,000 Cash 500 Accounts payable...

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Sheet1
    P3.3A
    Date    Account    Debit    Credit
    Apr. 2    Rent expense    800
         Cash        800
    3    Accounts receivable    1,000
         Service revenue        1,000
    5    Cash    1,250
         Service revenue        1,250
    6    Equipment    3,000
         Cash        500
         Accounts payable        2,500
    12    Cash    1,000
         Accounts receivable        1,000
    15    Dividends declared    150
         Cash        150
    16    Supplies    500
         Accounts payable        500
    19    Repairs & Maintenance expense    200
         Cash        200
    20    Accounts receivable    2,000
         Sales        2,000
    25    Accounts payable    2,500
         Cash        2,500
    27    Cash    500
         Defe
ed revenue        500
    30    Salaries expense    1,800
         Cash        1,800

Online Exam to be held on 18 Feb at 2:30 am to 4 am.
There are 30 multiple-choice question with some short answers

1 Jan. 6 Chapter 1 - The Purpose and Use of Financial
Information
BE1.1, BE1.3, E1.2,
E1.3 & P1.4A
2 Jan. 13 Chapter 2 – A Further Look at Financial Statements
Omission: Learning objective 2
BE2.1, BE2.2, E2.2,
E2.3, E2.4, E2.5 & E2.9
3 Jan. 20 Chapter 3 – The Accounting Information System
4 Jan. 27 Chapter 3 – The Accounting Information System BE3.15, E3.2, E3.3,
E3.4, E3.8, P3.9A
5 Feb. 3 Chapter 7 – Internal Control and Cash BE7.2, BE7.4, BE7.5,
BE7.12, BE7.13, E7.8,
E7.9
6 Feb. 10 Chapter 13 – Statement of Cash Flows
Omission: Learning objectives 5 (corporate life cycle)
and 6
Answered 1 days After Feb 16, 2022

Solution

Prateek answered on Feb 18 2022
134 Votes
Question 1:
1. Cu
ent Liability
2. ASPE
3. Added to the bank balance
4. Change in cu
ent portion of bank loan payable
5. Statement of Financial Position
6. D
Question 2:
    Date
    Account
    Debit
    Credit
    Nov. 1
    Share Capital
     80,000
    
    
     Cash
    
     80,000
    
    
    
    
    4
    Bicycle
     50,000
    
    
     Cash
Bank
    
    30,000 20,000
    
    
    
    
    5
    Cash
Accounts Receivable
    25,000 10,000
    
    
     Service revenue
    
     35,000
    
    
    
    
    10
    Cash
     2,000
    
    
     Dividend
    
     2,000
    
     ...
SOLUTION.PDF

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