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Accounting Journal for June

This document contains the general journal entries and trial balance for Lee Management Consulting for the month of June 2016. Key transactions include receiving $25,000 cash from the owner, purchasing $1,000 of equipment and $5,000 of furniture, incurring $3,000 in rent expense, $2,000 in utility expense, and $400 in salary expense. The trial balance shows total debits of $37,000 equal to total credits of $37,000.

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Masood Mehmood
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332 views4 pages

Accounting Journal for June

This document contains the general journal entries and trial balance for Lee Management Consulting for the month of June 2016. Key transactions include receiving $25,000 cash from the owner, purchasing $1,000 of equipment and $5,000 of furniture, incurring $3,000 in rent expense, $2,000 in utility expense, and $400 in salary expense. The trial balance shows total debits of $37,000 equal to total credits of $37,000.

Uploaded by

Masood Mehmood
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Lee Management C

For the Month of Ju


General Journal

T- Accounts
Date Description Debit Credit Cash
Cash 25000 Owner's Equity
2-Jun
Owner's Equity 25000 Rent Expense
Equipment
Rent Expense 3000 Furniture
2-Jun
Cash 3000 A/c Payable
Supplies
Equipment 1000 Services
3-Jun
Cash 1000 A/c Receivable
Utility Expense

4-Jun Furniture 5000 Services Payable


A/c Payable 5000 Salary Expense
Drawings
Supplies 500
5-Jun
A/c Payable 500

9-Jun Services 3000


A/c Receivable 3000

12-Jun Utility Expense 250


Cash 250

Services 2000
18-Jun
Cash 2000

Services Payable 2000


21-Jun
Cash 2000

Salary Expense 400


22-Jun
Cash 400

A/c Payable 500


23-Jun
23-Jun
Cash 500

A/c Receivable 1500


26-Jun
Cash 1500

Drawings 2000
28-Jun
Cash 2000
agement Consulting
Month of June 2016
T - Accounts Trial Balan

Cash Owner's Equity A/c Payable Accounts


25000 3000 25000 500 5000 Cash
2000 1000 25000 500 Equipment
2000 250 5000 Furniture
1500 400 Rent Expense Supplies
500 3000 Supplies A/c Receivable
2000 3000 500
23350 500 A/c Payable
Services Payable
Equipment Furniture
1000 5000 Services
1000 5000 3000 Owner's Equity
2000 Drawings
A/c Receivable Utility Expense 5000
3000 1500 250 Services
1500 250 Services Payable
2000 Utility Expense
Salary Expense Drawings 2000 Rent Expense
400 2000 Salary Expense
400 2000
Total
Trial Balance

Accounts Debit Credit


Cash 23350
Equipment 1000
Furniture 5000
Supplies 500
A/c Receivable 1500

A/c Payable 5000


Services Payable 2000

Owner's Equity 25000


Drawings 2000

Services 5000

Utility Expense 250


Rent Expense 3000
Salary Expense 400

Total 37000 37000

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