Financial Accounting: An Integrated Statements Approach, 2nd Edition

162 Chapter 4 Accounting Information Systems

Exhibit 6

Ledger for Online

Solutions—November

CASH

Nov. 1 25,000 Nov. 5 20,000

18 7,500 30 3,650

30 950

30 2,000

30 Bal. 5,900

FEES EARNED

Nov. 18 7,500

SUPPLIES

Nov. 10 1,350

WAGES EXPENSE

Nov. 30 2,125

LAND

Nov. 5 20,000

RENT EXPENSE

Nov. 30 800

DIVIDENDS

Nov. 30 2,000

CAPITAL STOCK

Nov. 1 25,000

MISCELLANEOUS EXPENSE

Nov. 30 275

ACCOUNTS PAYABLE

Nov. 30 950 Nov. 10 1,350

30 Bal. 400

UTILITIES EXPENSE

Nov. 30 450

Online Solutions

Trial Balance

November 30, 2007

Debit Credit

Balances Balances

Cash 5,900

Supplies 1,350

Land 20,000

Accounts Payable 400

Capital Stock 25,000

Dividends 2,000

Fees Earned 7,500

Wages Expense 2,125

Rent Expense 800

Utilities Expense 450

Miscellaneous Expense 275

32,900 32,900

Exhibit 7

Trial Balance