Professional Documents
Culture Documents
2 Rent Expense 6 Cash 7 Paid office rent for January 8 9 Jan 3 Office Equipment 10 Account Payable 11 Purchase office equipment on account 12 13 Jan 5 Cash 14 Consulting Fee 15 Received cash for consulting fee 16 17 Jan 8 Telephone Expense 18 Cash 19 Paid telephone bill for January 20 21 Jan 10 Miscellaneous Expense 22 Cash 23 Paid for magazine subscription 24
Post Ref.
101 311
521 101
5 0 0 00 5 0 0 00
181 202
1 5 0 0 00 1 5 0 0 00
101 401
7 5 0 00 7 5 0 00
525 101
6 5 00 6 5 00
549 101
1 5 00 1 5 00
Mytuyet Huynh
Professor Francis
GENERAL JOURNAL DATE DESCRIPTION 1 Jan 11 Office Supplies 2 Account Payable 3 Purchased office supplies on account 4 5 Jan 15 Account Payable 6 Cash 7 Made partial payment on equipment 8 9 Jan 18 Wages Expense 10 Cash 11 Paid employee 12 13 Jan 21 Cash 14 Consulting Fee 15 Received cash for consulting fee 16 17 Jan 25 Utilities Expense 18 Cash 19 Paid utilities expense for January 20 21 Jan 27 Jean Jones, Drawing 22 Cash 23 Owner's withdrawl 24 25 Jan 29 Wages Expense 26 Cash 27 Paid employee 28 29 30 31 32 33 34 35 36
Post Ref.
142 202
181 101
5 0 0 00 5 0 0 00
511 101
1 5 0 0 00 1 5 0 0 00
101 401
7 5 0 00 7 5 0 00
533 101
6 5 00 6 5 00
312 101
1 5 00 1 5 00
511 101
5 0 0 00 5 0 0 00
Mytuyet Huynh
Professor Francis
Page 2
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
Mytuyet Huynh
Professor Francis
GENERAL LEDGER
ACCOUNT
Cash
ACCOUNT NO.
101
J1 J1 J1 J1 J1 J2 J2 J2 J2 J2 J2
DEBIT 10 0 0 0 5 0 0 7 5 0 6 5 1 5 1 5 0 5 0 0
CREDIT 00 00 00 00 00 00 00 3 5 0 00
8 5 00 1 0 0 00 5 0 0 00
DEBIT 10 0 0 0 9 5 0 0 10 2 5 0 10 1 8 5 10 1 7 0 10 0 2 0 9 5 2 0 9 8 7 0 9 7 8 5 9 6 8 5
CREDIT 00 00 00 00 00 00 00 00 00 00
9 1 8 5 00
ACCOUNT
Office Supplies
Post Ref.
ACCOUNT NO.
142
DATE Jan 11
ITEM
J2
DEBIT 3 0 0 00
CREDIT
ACCOUNT
Office Equipment
Post Ref.
ACCOUNT NO.
181
DATE Jan 3
ITEM
J1
DEBIT 1 5 0 0 00
CREDIT
ACCOUNT
Account Payable
Post Ref.
ACCOUNT NO.
202
DATE Jan 3 11 15
ITEM
DEBIT
J1 J2 J2
CREDIT 1 5 0 0 00 3 0 0 00
1 5 0 00
ACCOUNT
ACCOUNT NO.
311
DATE Jan 1
ITEM
DEBIT
J1
CREDIT 10 0 0 0 00
Mytuyet Huynh
GENERAL LEDGER
ACCOUNT
ACCOUNT NO.
312
DATE Jan 27
ITEM
J2
DEBIT 1 0 0 00
CREDIT
ACCOUNT
Consulting Fee
Post Ref.
ACCOUNT NO.
401
DATE Jan 5 21
ITEM
DEBIT
J1 J2
CREDIT 7 5 0 00 3 5 0 00
ACCOUNT
Wages Expense
Post Ref.
ACCOUNT NO.
511
DATE Jan 18 29
ITEM
J2 J3
DEBIT 5 0 0 00 5 0 0 00
CREDIT
ACCOUNT
Rent Expense
Post Ref.
ACCOUNT NO.
521
DATE Jan 2
ITEM
J1
DEBIT 5 0 0 00
CREDIT
ACCOUNT
Telephone Expense
Post Ref.
ACCOUNT NO.
525
DATE Jan 8
ITEM
J1
DEBIT 6 5 00
CREDIT
ACCOUNT
Utilities Expense
Post Ref.
ACCOUNT NO.
523
DATE Jan 25
ITEM
J2
DEBIT 8 5 00
CREDIT
ACCOUNT
Miscellaneous Expense
Post Ref.
ACCOUNT NO.
549
DATE Jan 10
ITEM
J1
DEBIT 1 5 00
CREDIT
Mytuyet Huynh
Debit Balance
Credit Balance
Cash Office Supplies Office Equipment Account Payable Jean Jones, Capital Jean Jones, Drawing Consulting Fees Wages Expense Rent Expense Telephone Expense Utilities Expense Miscellaneous Expense
101 142 181 202 311 312 401 511 521 525 533 549
9 1 8 5 00 3 0 0 00 1 5 0 0 00 1 6 5 0 00 10 0 0 0 00 1 0 0 00 1 1 0 0 00 1 0 0 0 00 5 0 0 00 6 5 00 8 5 00 1 5 00 12 7 5 0 00 12 7 5 0 00
Mytuyet Huynh
Jones Consulting Income Statement For Month Ending Janaury 31, 20-Revenues
Consulting Fee $1 1 0 0 00
Expenses
Wages Expense Rent Expense Telephone Expense Utilities Expense Miscellaneous Expense Total Expenses $1 0 0 0 00 5 0 6 8 1 0 5 5 5 00 00 00 00 $1 6 6 5 00 5 6 0 00
Net Loss
Jones Consulting Statement of Owner's Equity For Month Ending Janaury 31, 20-Jean Jones, Capital, January 1, 20-$10 0 0 0 00 $10 0 0 0 00 5 6 0 00 1 0 0 00 6 6 5 00 $9 3 3 5 00
Jones Consulting Balance Sheet For Month Ending January 31, 20-Assets
Liabilities Cash
$9 1 8 5 00 3 0 0 00 $1 5 0 0 00 $10 9 8 5 00 Total Liabilities and owner's equity $10 9 8 5 00 Account Payable $1 6 5 0 00
Owner's Equity
Jean Jones, Capital $9 3 3 5 00
TJ Paint Services Income Statement For Month Ending July 31, 20-Revenues
Painting Fee $3 6 0 0 00
Expenses
Wages Expense Rent Expense Telephone Expense Transportation Expense Utilities Expense Miscellaneous Expense Total Expenses 9 0 0 00 2 5 5 6 7 2 0 0 0 0 5 00 00 00 00 00 $1 3 5 5 00 $2 2 4 5 00
Net Income
TJ Paint Services Statement of Owner's Equity For Month Ending July 31, 20-TJ Ulza, Capital, July 1, 20-$3 2 0 5 00 Total Investment Net Income for July $3 2 0 5 00 $2 2 4 5 00 5 0 0 00 $1 7 4 5 00 $4 9 5 0 00
Mytuyet Huynh
Professor Francis
TJ Paint Services Balance Sheet For Month Ending July 31, 20-Assets
Liabilities Cash
$9 1 3 $1 5 9 8 0 0 0 5 0 0 0 00 00 00 00 Account Payable $2 1 5 0 00
Owner's Equity
TJ Ulza, Capital $4 9 5 0 00 $7 1 0 0 00
Mytuyet Huynh
Professor Francis