GENERAL JOURNAL Page 1 GENERAL JOURNAL Page 2 GENERAL JOURNAL Page 3 GENERAL JOURNAL Page 4

DATE ACCOUNT TITLES AND EXPLANATION P.R. DEBIT CREDIT DATE ACCOUNT TITLES AND EXPLANATION P.R. DEBIT CREDIT DATE ACCOUNT TITLES AND EXPLANATION P.R. DEBIT CREDIT DATE ACCOUNT TITLES AND EXPLANATION P.R. DEBIT CREDIT

March 01, 2013 Cash 350,000.00 March 19, 2013 Utilities Expense 2,450.00

Alice Dyan, Capital 350,000.00 Cash 2,450.00 Adjusting Entries:

intial investment made by the owner payment for utilities
March 31, 2013 Depreciation expense - office equipment 1,667.00
2 Taxes and Licenses 5,000.00 21 Cash 17,000.00 Accumulated Depreciation - office equipment 1,667.00
Cash 5,000.00 Accounts Receivable 17,000.00 Computation:
paid the taxes and licenses for the business received payment for service rendere on account 65,000-5,000=60,000/3=20,000/12=1,666.66 or 1,667

To record depreciation expense for office equipment

3 Rent Expense 15,000.00 23 Advertising Expense 3,000.00 31 Depreciation expense - furniture and fixtures 2,500.00
Cash 15,000.00 Cash 3,000.00 Accumulated Depreciation - furniture and fixtures 2,500.00

payment for rent paid for advertisement Computation:

135,000-15,000=120,000/4=30,000/12=2,500
5 Office Equipment 65,000.00 25 Note Payable 20,000.00 To record depreciation expense for furniture and
fixtures
Accounts Payable 65,000.00 Cash 20,000.00
purchased office equipment on credit partial payment for furniture and fixtures purchased Insurance Expense 175.00
on account 31

Prepaid Insurance 175.00

7 Furniture and Fixture 135,000.00 28 Alice Dyan, withdrawals 15,000.00 To adjust used up pre-paid insurace
Cash 35,000.00 Cash 15,000.00 31 Accounts Receivable 30,000.00
Note Payable 100,000.00 Service Income 30,000.00
purchased furnitre and fixture 35,000 cash, 100,000 29 Utilities Expense 2,750.00 To record accrued revenue
note payable
Cash 2,750.00 31 Office Supplies Expense 4,400.00
9 Office Supplies 5,600.00 payment for utilities Office Supplies 4,400.00
Cash 5,600.00 To adjust supplies that were used up during the
period
purchased office supplies 30 Salary Expense 30,000.00
Cash 30,000.00
11 Cash 54,000.00 payment for salary of staff
Service Income 54,000.00
travel service booking

13 Prepaid Insurance 2,100.00

Cash 2,100.00
purchased insurance

15 Accounts Receivable 29,300.00

Service Income 29,300.00
service income on account

17 Cash 36,000.00
Service Income 36,000.00
travel service booking

697,000.00 697,000.00 90,200.00 90,200.00 38,742.00 38,742.00

 GENERAL LEDGER GENERAL LEDGER Total

Cash Accounts Receivable Office Supplies Prepaid Insurance

Date Debit Date Credit Date Debit Date Credit Date Debit Date Credit Date Debit Date Credit
1-Mar 350,000.00 15-Mar 29,300.00 21-Mar 17,000.00 9-Mar 5,600.00 31-Mar-13 4,400.00 13-Mar 2,100.00 31-Mar-13 175.00
11-Mar 54,000.00 2-Mar 5,000.00 31-Mar-13 30,000.00
17-Mar 36,000.00 3-Mar 15,000.00
21-Mar 17,000.00 7-Mar 35,000.00
9-Mar 5,600.00
13-Mar 2,100.00
19-Mar 2,450.00
23-Mar 3,000.00
25-Mar 20,000.00
28-Mar 15,000.00
29-Mar 2,750.00
30-Mar 30,000.00
457,000.00 135,900.00 59,300.00 17,000.00 5,600.00 4,400.00 2,100.00 175.00
321,100.00 42,300.00 1 1,200.00 1 1,925.00 1 3

Office Equipment Accum. Dep. (Office Equip.) Furniture and Fixtures Accum. Dep. (Fur. And Fix)
Date Debit Date Credit Date Debit Date Credit Date Debit Date Credit Date Debit Date Credit
5-Mar 65,000.00 31-Mar-13 1,667.00 7-Mar 135,000.00 31-Mar-13 2,500.00

65,000.00 - - 1,667.00 135,000.00 - - 2,500.00

65,000.00 (1,667.00) 1 135,000.00 (2,500.00) 1 2

Note Payable Accounts Payable Alice, Dyan Capital Alice, Dyan Withdrawals
Date Debit Date Credit Date Debit Date Credit Date Debit Date Credit Date Debit Date Credit
25-Mar 20,000.00 7-Mar 100,000.00 5-Mar 65,000.00 1-Mar 350,000.00 28-Mar 15,000.00

20,000.00 100,000.00 - 65,000.00 - 350,000.00 15,000.00 -

80,000.00 65,000.00 350,000.00 (15,000.00)
Service Income Salary Expense Taxes and Licenses Rent Expense
Date Debit Date Credit Date Debit Date Credit Date Debit Date Credit Date Debit Date Credit
11-Mar 54,000.00 30-Mar 30,000.00 2-Mar 5,000.00 3-Mar 15,000.00
15-Mar 29,300.00
17-Mar 36,000.00
31-Mar-13 30,000.00

- 149,300.00 30,000.00 - 5,000.00 - 15,000.00 -

1 149,300.00 30,000.00 5,000.00 15,000.00 1

Utilities Expense Advertising Expense Insurance Expense Office Supplies Expense

Date Debit Date Credit Date Debit Date Credit Date Debit Date Credit Date Debit Date Credit
19-Mar 2,450.00 23-Mar 3,000.00 31-Mar-13 175.00 31-Mar-13 4,400.00
29-Mar 2,750.00

5,200.00 - 3,000.00 - 175.00 - 4,400.00 -

5,200.00 3,000.00 175.00 1 4,400.00 1 2

Dep. Expense (Office Equip.) Dep. Expense (Fur. And Fix.) Income Summary (Write the account title here)
Debit Date Credit Date Debit Date Credit Date Debit Date Credit Date Debit Date Credit
31-Mar-13 1,667.00 31-Mar-13 2,500.00

1,667.00 - 2,500.00 -
1,667.00 1 2,500.00 1 2

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Use this trial balance for assignment - part 1. Use this trial balance for assignment - part 2.

AD Travel and Tours AD Travel and Tours AD Travel and Tours

Trial Balance Adjusted Trial Balance Post Closing Trial Balance
31-Mar-13 31-Mar-13 31-Mar-13
Debit Credit Debit Credit Debit Credit
Cash 321,100.00 Cash 321,100.00

Accounts Receivable 12,300.00 Accounts Receivable 42,300.00

Office Supplies 5,600.00 Office Supplies 1,200.00

Office Supplies Expense 4,400.00

Prepaid Insurance 2,100.00

Prepaid Insurance 1,925.00
Office Equipment 65,000.00 Insurance Expense 175.00

Furniture and Fixtures 135,000.00 Office Equipment 65,000.00

Accumulated Depreciation-office equipment 1,667.00
Note Payable 80,000.00 Depreciation Expense-Office Equip. 1,667.00

Accounts Payable 65,000.00 Furniture and Fixtures 135,000.00

Accumulated Depreciation-furniture and fixture 2,500.00

Alice Dyan, Capital 350,000.00 Depreciation Expense-Furniture and Fixtures 2,500.00

Alice Dyan, Withdrawals 15,000.00 Note Payable 80,000.00

Service Income 119,300.00 Accounts Payable 65,000.00

Salary Expense 30,000.00 Alice Dyan, Capital 350,000.00

Taxes and Licenses 5,000.00 Alice Dyan, Withdrawals 15,000.00

Rent Expense 15,000.00 Service Income 149,300.00

Utilities Expense 5,200.00 Salary Expense 30,000.00

Advertising Expense 3,000.00 Taxes and Licenses 5,000.00

Rent Expense 15,000.00

Utilities Expense 5,200.00

Advertising Expense 3,000.00

614,300.00 614,300.00 648,467.00 648,467.00

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