Professional Documents
Culture Documents
Cooper 1
Aleshia Cooper
Thursday, 23 January, 2014
Accounts 305 -01
Mr. Terrance Richards
Homework Questions: E: 15-1, 15-2, 15-3, and 15-5
DATE
ACCOUNT
Debit
Jan. 10
480,000
400,000
A.P.I.C
Mar. 1
4
July 1
80,000
Organization Expense
35,000
25,000
A.P.I.C
10,000
240,000
150,000
A.P.I.C
Sept.1
Credit
90,000
600,000
300,000
A.P.I.C
300,000
Part B
Jan. 10
480,000
240,000
240,000
A. Cooper 2
DATE
ACCOUNT
Mar.1
Organization Expense
Debit
35,000
15,000
A.P.I.C
20,000
240,000
90,000
A.P.I.C
Sept.1
Credit
150,000
600,000
180,000
A.P.I.C
420,000
A. Cooper 3
Exercise15-2
DATE
ACCOUNT
Debit
Jan. 10
400,000
Credit
80,000
A.P.I.C
Mar. 1
320,000
540,000
Preferred Stock
4
500,000
A.P.I.C
April1
May 1
40,000
Land
80,000
24,000
A.P.I.C
56,000
560,000
80,000
A.P.I.C
Aug. 1
480,000
Organization Expense
50,000
Common Stock
10,000
A.P.I.C
Sept.1
Nov. 1
40,000
90,000
10,000
A.P.I.C
80,000
112,000
100,000
12,000
Exercise15-3
A. Cooper 4
DATE
1
ACCOUNT
Debit
1,550,000
Credit
A.P.I.T
1,325,000
225,000
Exercise 15-5
A. Cooper 5
Accounts
Debit
Credit
82,500
23,000
Total
$105,500
$ 78,199
21,801
$23,000/$105,500 *
Cash
$100,000
100,000
5,000
A.P.I.C($78,199 $5,000)
73,199
10,000
A.P.I.C
11,801
Lump-sum receipt
100,000
85,000
Total allocation
$ 15,000
Cash
100,000
5,000
A.P.I.C($78,199 $5,000)
80,000
10,000
A.P.I.C
5,000