DATE TRANSACTIONS LEDGER

Feb. 3 Cash 80,000.00 Cash

Salonga, capital 80,000.00 80,000.00
30,800.00
4 Equipment - PC 20,000.00 3,000.00
Cash 20,000.00 400.00
30,400.00
5 Purchases 30,800.00 -
Accounts Payable 30,800.00 -
-
6 Office Supplies 3,000.00 80,400.00 64,200.00
Cash 3,000.00 16,200.00

7 Accounts Receivble 58,500.00 Accounts Receivable

Purchases 58,500.00 58,500.00
400.00
10 Accounts Payable 400.00 57,330.00
Purchase returns 400.00 115,830.00 400.00
115,430.00
11 Accounts Payable 30,400.00
Cash 30,400.00 Prepaid insurance
3,000.00
12 Cash 57,330.00
Sales discount 1,170.00 Office Supplies
Accounts Receivable 58,500.00 30,800.00

13 Purchases 38,900.00 Equipment - PC

Accounts Payable 38,900.00 20,000.00

15 Salaries Expense 7,000.00

Cash 7,000.00

17 Cash 12,000.00
Accounts Payable 12,000.00

18

19.00
 TRIAL BALANCE
Unadjusted Adjusting
Accounts Payable Asset
20,000.00 Cash 16,200.00
30,400.00 Accounts Rec. 115,430.00
- 10,400.00 Prepaid insurance 3,000.00
Office Supplies 30,800.00
Fabella, capital Equipment - PC 20,000.00
80,000.00 Accumulated Dep.
Liabilities
Fabella, drawing Accounts Payable - 10,400.00
- Equity
Fabella, capital 80,000.00
Service Fee Fabella, drawing -
58,500.00 Income
- Service Fee 58,500.00
58,500.00 Expense
Salary -
Salary Expense Utilities -
- Supplies 3,000.00
Depreciation 500.00
Utilities Expense Insurance 500.00
- 185,430.00 128,100.00 4,000.00
Adjusting Adjusted POST CLOSING

16,200.00 16,200.00
115,430.00 115,430.00
500.00 2,500.00 2,500.00
3,000.00 27,800.00 27,800.00
20,000.00 20,000.00
500.00 500.00 500.00

- 10,400.00 - 10,400.00

80,000.00 196,000.00
-
5
58,500.00

-
-
3,000.00
500.00
500.00
4,000.00 185,930.00 128,600.00 181,930.00 186,105.00
 DATE TRANSACTIONS LEDGER

Feb. 4 Cash 150,000.00 Cash

Fabella, capital 150,000.00 150,000.00
18,000.00
Feb. 7 Equipment - PC 32,500.00 6,000.00
Accounts Payable 32,500.00 35,000.00
20,000.00
Feb. 9 Office Supplies 18,000.00 15,000.00
Cash 18,000.00 12,000.00
3,000.00
Feb. 15 Prepaid Insurance 6,000.00 185,000.00 74,000.00
Cash 6,000.00 111,000.00

Feb. 18 Accounts Rec. 50,000.00 Accounts Receivable

Service Fee 50,000.00 50,000.00
35,000.00
Feb. 19 Cash 35,000.00 30,000.00
Accounts Receivable 35,000.00 80,000.00 35,000.00
45,000.00
Feb. 20 Accounts Payable 20,000.00
Cash 20,000.00 Prepaid insurance
6,000.00
Feb. 21 Accounts Rec. 30,000.00
Service Fee 30,000.00 Office Supplies
18,000.00
Feb. 28 Salary Expense 15,000.00
Cash 15,000.00 Equipment - PC
32,500.00
Fabella, drawings 12,000.00
Cash 12,000.00

Utilities Expense 3,000.00

Cash 3,000.00

ADJUSTING ENTRIES

### Depreciation Exp. 5,000.00

### Accumulated Dep. 5,000.00
###
### Insurance Expense 500.00
Prepaid Insurance 500.00

Supplies Expense 3,000.00

 Office Supplies 3,000.00

POST CLOSING ENTRIES

Service Fee 80,000.00

Income & Exp Summary 80,000.00

Income & Exp Summary 22,000.00

Salary 15,000.00
Utilities 3,000.00
Supplies 3,000.00
Depreciation 500.00
Insurance 500.00

Fabella, capital 12,000.00

Fabella, drawings 12,000.00

Income & Exp Summary 58,000.00

Fabella, capital 58,000.00

46,000.00
 TRIAL BALANCE
Unadjusted Adjusting
Accounts Payable Asset
32,500.00 Cash 111,000.00
20,000.00 Accounts Rec. 45,000.00
12,500.00 Prepaid insurance 6,000.00
Office Supplies 18,000.00
Fabella, capital Equipment - PC 32,500.00
150,000.00 Accumulated Dep.
Liabilities
Fabella, drawing Accounts Payable 12,500.00
12,000.00 Equity
Fabella, capital 150,000.00
Service Fee Fabella, drawing 12,000.00
50,000.00 Income
30,000.00 Service Fee 80,000.00
80,000.00 Expense
Salary 15,000.00
Salary Expense Utilities 3,000.00
15,000.00 Supplies 3,000.00
Depreciation 500.00
Utilities Expense Insurance 500.00
3,000.00 242,500.00 242,500.00 4,000.00
Adjusting Adjusted POST CLOSING

111,000.00 111,000.00
45,000.00 45,000.00
500.00 5,500.00 5,500.00
3,000.00 15,000.00 15,000.00
32,500.00 32,500.00
500.00 500.00 500.00

12,500.00 12,500.00

150,000.00 196,000.00
12,000.00
5
80,000.00

15,000.00
3,000.00
3,000.00
500.00
500.00
4,000.00 243,000.00 243,000.00 209,000.00 209,005.00