Exercise Account (168)

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4-21
EXERCISE 4-11
(a) June 30 Service Revenue........................................... 15,100
Income Summary ................................ 15,100
30 Income Summary ......................................... 13,100
Salaries Expense................................. 8,800
Supplies Expense ............................... 1,300
Rent Expense ....................................... 3,000
30 Income Summary ......................................... 2,000
Nina Cole, Capital................................ 2,000
30 Nina Cole, Capital ........................................ 2,500
Nina Cole, Drawing............................. 2,500
(b)
Income Summary
June 30 13,100 June 30 15,100
June 30 2,000 
15,100 15,100
EXERCISE 4-12
(a) 1. Cash............................................................................. 600
Equipment ........................................................ 600
Salaries Expense..................................................... 600
Cash ................................................................... 600
2. Service Revenue...................................................... 100
Cash ................................................................... 100
Cash............................................................................. 1,000
Accounts Receivable.................................... 1,000