Professional Documents
Culture Documents
No.
Trial Balance
Account Tittle
101
126
130
140
143
149
201
209
225
311
332
429
622
726
732
Cash
Supplies
Prepaid Insurance
Land
Cottages
Furniture
Account Payable
Unearned Revenue
Mortgage Payable
Share Capital-Ordinary
Dividens
Rent Revenue
Repair Expense
Salaries Expense
Utilities Expense
Total
117
144
150
212
230
320
620
621
631
718
722
Account Receivable
Accumulated Depreciation-Cottage
Accumulated Depreciation-Furniture
Salaries Payable
Interest Payable
Retained Earnings
Depreciation Expense-Cottage
Depreciation Expense-Furniture
Supplies Expense
Interest Expense
Insurance expense
Total
Debit
19,600
3,300
6,000
25,000
125,000
26,000
Credit
Adjusting
Trial Balance
Debit
19,600
2,700
5,600
25,000
125,000
26,000
6,500
7,400
80,000
100,000
5,000
5,000
80,000
3,600
51,000
9,400
273,900 273,900
3,600
51,400
9,400
1,000
6,000
2,400
600
600
400
1,000
6,000
2,400
600
600
400
284,300
6,000
2,400
400
600
4,100
Income
Statement
Debit
Credit
Retained Earning
Statement
Debit
Credit
Statement
of Financial Position
Debit
###
###
###
###
119,000
23,600
6,500
3,300
80,000
100,000
###
81,000
81,000
3,600
51,400
9,400
###
6,000
2,400
400
600
4,100
6,000
2,400
600
600
400
284,300
74,400
Nett Income
###
81,000
6,600
Total
5,000
Retained
Earnings
6,600
10,700
5,700
Total
196,500
Statement
of Financial Position
Credit
6,500
3,300
80,000
100,000
400
600
5,700
196,500
P3-1A
General Journal
Date
June, 30
Ref
631
126
June, 30
Utilities Expense
Utilities Payable
732
244
June, 30
Insurance Expense
Prepaid Insurance
722
130
June, 30
209
400
June, 30
Salaraies Expense
Salaraies Payable
726
212
June, 30
Depreciation Expense
Accumulated Depreciation-Office Equipment
711
158
June, 30
Account Receivable
Service Revenue
112
400
$
$
$
$
$
Debit
7,150
7,000
600
2,750
15,000
$
$
$
$
1,400
250
250
6,000
Rent Expense
Utilities Expense
Total
$
$
$
1,000
150
41,550
J3
Debit
$
1,400
Credit
$ 1,400
150
250
250
Date
June, 30
June, 30
2,000
$ 2,000
Date
June, 30
June, 30
Account Receivable
Explanation
Ref
Debit
Balance
Adjusting
J3
$ 1,000
Supplies
Explanation
Ref
Balance
Adjusting
J3
Debit
General Ledger
250
$
Debit
General Ledger
2,500
$ 2,500
Explanation
Balance
Cash
Ref
General Ledger
$
$
Date
June, 30
150
$
General Ledger
250
1,000
$ 1,000
Date
June, 30
June, 30
Prepaid Insurance
Explanation
Ref
Debit
Balance
Adjusting
J3
General Ledger
Office Equipment
Date
June, 30
Explanation
Balance
Ref
Debit
Credit
General Ledger
Accumulated Depreciation-Office Equipment
Date
Explanation
Ref
Debit
June, 30
Adjusting
J3
$
$
$
$
$
$
$
250
4,500
1,500
2,000
150
21,750
11,400
General Ledger
Date
June, 30
Account Payable
Explanation
Ref
Debit
Balance
General Ledger
Date
June, 30
June, 30
General Ledger
$
41,550
Date
June, 30
Salaries Payable
Explanation
Ref
Debit
Adjusting
J3
General Ledger
Credit
No.101
Balance
$ 7,150
Date
June, 30
Utilities Payable
Explanation
Ref
Debit
Adjusting
J3
General Ledger
le
Credit
No.112
Balance
$ 6,000
$ 7,000
Date
June, 30
Share Capital-Ordinary
Explanation
Ref
Debit
Balance
General Ledger
r
Credit
$ 1,400
No.126
Balance
$ 2,000
$
600
Date
June, 30
June, 30
June, 30
Service
Explanation
Balance
Adjusting
Adjusting
Revenue
Ref
Debit
J3
J3
General Ledger
e
Credit
$
250
No.130
Balance
$ 3,000
$ 2,750
Date
June, 30
Supplies Expense
Explanation
Ref
Debit
Adjusting
J3
$ 1,400
General Ledger
Depreciation Expense
t
Credit
No.157
Date
Balance
$ 15,000
June, 30
Explanation
Ref
Adjusting
J3
Debit
$
250
General Ledger
ffice Equipment
Credit
$
250
No.158
Balance
$
250
Date
June, 30
Insurance Expense
Explanation
Ref
Debit
Adjusting
J3
$
250
General Ledger
e
Credit
No.201
Balance
$ 4,500
Date
June, 30
June, 30
Salaries Expense
Explanation
Ref
Debit
Balance
Adjusting
J3
$ 2,000
General Ledger
venue
Credit
No.209
Balance
$ 4,000
$ 1,500
Date
June, 30
Rent Expense
Explanation
Ref
Balance
General Ledger
Debit
e
Credit
$ 2,000
No.212
Balance
$ 2,000
Date
June, 30
Utilities Expense
Explanation
Ref
Debit
Adjusting
J3
$
150
e
Credit
$
150
No.244
Balance
$
150
nary
Credit
No.311
Balance
$ 21,750
e
Credit
$ 2,500
$ 1,000
No.400
Balance
$ 7,900
$ 10,400
$ 11,400
e
Credit
No.631
Balance
$ 1,400
nse
No.711
Credit
Balance
$
250
se
Credit
No.722
Balance
$
250
e
Credit
No.726
Balance
$ 4,000
$ 6,000
Credit
No.729
Balance
$ 1,000
e
Credit
No.732
Balance
$
150
P3-2A
General Journal
Date
Aug, 31
Aug, 31
Ref
722
130
631
Aug, 31
620
144
Aug, 31
621
150
Aug, 31
Unearned Revenue
Rent Revenue
209
429
Aug, 31
Salaries Expense
Salaries Payable
726
212
Aug, 31
Account Receivable
Rent Revenue
112
429
Aug, 31
Interest Expense
Interest Payable ( 80.000 x 9%) x 1/12
718
230
126
Debit
19,600
1,000
600
4,800
25,000
125,000
26,000
Accumulated Depreciation-Cottages
Furniture
Accumulated Depreciation-Furniture
Account Payable
Unearned Rent Revenue
Salaries Payable
Interest Payable
Mortgage Payable
Share Capital-Ordinary
Dividens
Rent Revenue
Depreciation Expense-Cottages
Depreciation Expense-Furniture
Repair Expense
Supplies Expense
Interest Expense
Insurance Expense
Salaries Expense
Utilities Expense
Total
5,000
1,500
600
3,600
2,700
600
1,200
51,400
9,400
278,000
51,400
9,400
3,600
2,700
1,500
1,200
600
600
71,000
Nett Income
Dividens
Retained Earnings, August 31
5,000
25,000
Cottages
125,000
Accumulated Depreciation-Cottages
Furniture
26,000
Accumulated Depreciation-Furniture
Prepaid Insurance
4,800
Supplies
600
Account Receivable
1,000
Cash
19,600
Total Assets
199,900
Equity
Share Capital-Ordinary
Retained Earnings
Liabilities
Account Payable
Mortgage Payable
Unearned Rent Revenue
Interest Payable
Salaries payable
Total Equity and Liabilities
J1
Debit
1,200
Credit
1,200
General Ledger
Date
Aug, 31
Debit
General Ledger
2,700
2,700
Explanation
Balance
Cash
Ref
Date
Aug, 31
1,500
Account Receivable
Explanation
Ref
Debit
Adjusting
J1
1,000
1,500
General Ledger
600
600
4,100
Date
Aug, 31
Aug, 31
Supplies
Explanation
Ref
Balance
Adjusting
J1
Debit
4,100
General Ledger
400
400
1,000
Date
Aug, 31
Aug, 31
Prepaid Insurance
Explanation
Ref
Debit
Balance
Adjusting
J1
1,000
General Ledger
600
600
Date
Aug, 31
Explanation
Balance
Land
Ref
Debit
General Ledger
Credit
Date
Aug, 31
Cottages
Explanation
Ref
Balance
Debit
General Ledger
Accumulated Depreciation-Cottages
Date
Explanation
Ref
Debit
Aug, 31
Adjusting
J1
General Ledger
1,500
600
6,500
3,300
400
600
Date
Aug, 31
Furniture
Explanation
Ref
Balance
Debit
General Ledger
Accumulated Depreciation-Furniture
80,000
100,000
Date
Aug, 31
Explanation
Adjusting
Ref
J1
Debit
General Ledger
85,100
Date
Aug, 31
Account Payable
Explanation
Ref
Debit
Balance
General Ledger
278,000
Date
Aug, 31
Aug, 31
General Ledger
Date
Aug, 31
011
Salaries Payable
Explanation
Ref
Debit
Adjusting
J1
Credit
General Ledger
85,100
Date
Aug, 31
Interest Payable
Explanation
Ref
Debit
Adjusting
J1
General Ledger
Date
Aug, 31
85,100
14,100
011
Credit
14,100
9,100
Mortgage Payable
Explanation
Ref
Debit
Balance
011
Credit
1,500
600
100,000
9,100
6,500
80,000
3,300
600
400
199,900
General Ledger
Credit
No.101
Balance
19,600
Date
Aug, 31
Share Capital-Ordinary
Explanation
Ref
Debit
Balance
General Ledger
le
Credit
No.112
Balance
1,000
Date
Aug, 31
Dividens
Explanation
Ref
Balance
Debit
General Ledger
No.126
Credit
Balance
3,300
2,700
600
Date
Aug, 31
Aug, 31
Aug, 31
Rent Revenue
Explanation
Ref
Balance
Adjusting
J1
Adjusting
J1
Debit
No.130
Credit
Balance
6,000
1,200
4,800
General Ledger
Date
Aug, 31
Depreciation Expense-Cottages
Explanation
Ref
Debit
Adjusting
J1
1,500
General Ledger
Credit
No.140
Balance
25,000
Date
Aug, 31
Depreciation Expense-Furniture
Explanation
Ref
Debit
Adjusting
J1
600
General Ledger
Credit
No.143
Balance
125,000
Date
Aug, 31
Repair Expense
Explanation
Ref
Debit
Balance
General Ledger
n-Cottages
No.144
Credit
Balance
1,500
1,500
Date
Aug, 31
General Ledger
Credit
No.149
Balance
125,000
n-Furniture
Supplies Expense
Explanation
Ref
Debit
Adjusting
J1
2,700
Date
Aug, 31
Interest Expense
Explanation
Ref
Debit
Adjusting
J1
600
General Ledger
No.144
Insurance Expense
Credit
Balance
600
600
Date
Aug, 31
Explanation
Adjusting
Ref
J1
Debit
1,200
General Ledger
e
Credit
No.201
Balance
6,500
Date
Aug, 31
Aug, 31
Salaries Expense
Explanation
Ref
Debit
Balance
Adjusting
J1
400
enue
Credit
No.209
Balance
7,400
3,300
No.212
Credit
Balance
400
400
No.230
Credit
Balance
600
600
e
Credit
No.275
Balance
80,000
General Ledger
Date
Aug, 31
Utilities Expense
Explanation
Ref
Debit
Balance
J1
nary
Credit
No.311
Balance
100,000
No.
Account Tittle
r
Credit
No.332
Balance
5,000
r
No.429
Credit
Balance
80,000
4,100
84,100
1,000
85,100
Cottages
Credit
No.620
Balance
1,500
101
126
130
140
143
149
201
209
225
311
332
429
622
726
732
Cash
Supplies
Prepaid Insurance
Land
Cottages
Furniture
Account Payable
Unearned Rent Revenue
Mortgage Payable
Share Capital-Ordinary
Dividens
Rent Revenue
Repair Expense
Salaries Expense
Utilities Expense
Total
urniture
Credit
No.621
Balance
600
Credit
No.622
Balance
3,600
Credit
No.631
Balance
2,700
Credit
No.718
Balance
600
se
No.722
117
144
150
212
230
620
621
631
718
722
Account Receivable
Accumulated Depreciation-Cottages
Accumulated Depreciation-Furniture
Salaries Payable
Interest Payable
Depreciation Expense-Cottages
Depreciation Expense-Furniture
Supplies Expense
Interest Expense
Insurance expense
Total
Credit
Balance
1,200
e
Credit
No.726
Balance
51,000
51,400
e
Credit
No.732
Balance
9,400
Trial Balance
Debit
Credit
19,600
3,300
6,000
25,000
125,000
26,000
Debit
Credit
Debit
Credit
Retained Earning
Statement
Debit
19,600
600
4,800
25,000
125,000
26,000
6,500
7,400
80,000
100,000
Income
Statement
5,000
6,500
3,300
80,000
100,000
5,000
80,000
###
3,600
51,000
9,400
273,900 273,900
3,600
51,400
9,400
1,000
85,100
###
###
###
###
1,500
600
400
600
1,500
600
2,700
600
1,200
278,000 278,000
Nett Income
###
###
###
###
###
71,000 85,100
14,100
Total
5,000
Retained Earnings
Retained Earning
Statement
Statement
of Financial Position
Credit
Debit
Credit
19,600
600
4,800
25,000
123,500
25,400
6,500
3,300
80,000
100,000
14,100
14,100
9,100
Total
1,000
400
600
9,100
199,900 199,900