Problem Set I (P3-5A)

ACC/300
Lindsay Hamner
April 3, 2015
Arnold Gilbo

General Journal
Towne Architects
April 2012
Date
Apr - 2012

Payment Explanation

Account Type

Amount

Shares of stock issued for cash

Cash, Common Stock

$18,000

Hired Secretary ($375.00 per week)

No transaction

$0

Monthly office rent paid

Cash

$900

Supply Purchase (Spring Green)

Accounts Payable

$1,300

Carport blueprints for client (services billed

to customer)
Cash advance from J. Madison

Service Revenue

$1,900

Unearned Service Revenue

$700

Payment from M. Svetlana

Service Revenue

$2,800

Payroll (receptionist)

Salaries and Wages

$1500

Payment to Spring Green

Accounts Payable

$300

1
1
2
3
10
11
20
30
30

General Ledger Towne Architects April 2012

Cash
April

Supplies
April
1
11
20

Balance

$18,000.0
0
$700.00

2
30

$2,800.00
$18,800.0
0

Service Revenue
April

April

30

$900.00
$300.00
$1,500.0
0

Balance

Salaries and Wages Expense

April

$1,300.0
0

$1,300.0
0

Accounts Payable
April
30

Balance

$1,500.0
0

3
30

$1,500.0
0

Balance

Accounts Receivable
April
10 $1,900.00

Unearned Service Revenue

April
11
$700.00

Balance

Balance

$1,900.00

Rent
April
2

$900.00

$700.00

Common Stock
April
$18,000.0
1
0

$1,300.0
0
$300.00
$1,000.0
0

10
20
Balanc
e

$1,900.00
$2,800.00

$4,700.00

Balance

$900.00

Balance

$18,000.0
0

Trial Balance Sheet

Towne Architects
April 30, 2012
Debit

Credit

Cash

$18,800.00

Salaries and Wages Expense

$1,500.00

Accounts Receivable

$1,900.00

Rent

$900.00

Service Revenue
Supplies

$4,700.00
$1,300.00

Accounts Payable

$1,000.00

Unearned Service Revenue

$700.00

Common Stock

$18,000.00
$24,400.00

Totals

$24,400.00