CASH RECEIPTS JOURNAL

Date
12 3
12 5
12 6
12 6
12 12
12 12
12 12
12 14
12 20
12 31

Invoice
CASH
No. DESCRIPTION
DR
275 Pmnt - Comp by Kayla
8,560
271 Pmnt - Comp Boutique
1,250
Sale to Customer
84,621
263 Pmnt - Evanne's
11,600
279 Pmnt - Evanne's
9,500
279 Pmnt - Comp Boutique
6,425
Sale to Customer
621
280 Pmnt - Kenny's Komp
45,625
295 Pmnt - Kenny's Komp
24,503
Sale of Truck
10,000

202,705

Dr
Cr

212,952
212,952

SALES
DISCOUN
TS DR

REF
GJ43
GJ43
GJ43
GJ43
GJ44
GJ44
GJ44
GJ44
247 GJ44
GJ45

247

ACCOUNT
S
RECEIVAB
LE CR
8,560
1,250

Page 87
SUNDRY ACCOUNTS

SALES
CR

ACCT
NO

DR

CR

84,621
11,600
9,500
6,425
621
45,625
24,750
165
616
109
107,710

5,333
4,667
20,000

CASH DISBURSEMENTS JOURNAL

Date
12 3
12 4
12 4
12 6
12 7
12 7
12 12
12 13
12 14
12 14
12 18
12 19
12 19
12 20
12 21
12 31
12 31

CHECK
NO. PAYEE
Petty Cash
1741 Salary Expense
1741 Payroll Tax Expense
1742 Sidebar Peripherals
1743 Office Supplies
1744 Meals/Entertainment
1745 Starbright Monitors
Sales Return
1746 Sedonna Software
1747 Central Utilities
Treasury Stock
1748 Salary Expense
1748 Payroll Tax Expense
1750 Fasttrack Computer
1751 Bay Area Observer
1752 Payrolls Unlimited
Petty Cash

Dr
Cr

CASH

Page 18
SUNDRY ACCOUNTS

ACCOUNTS
CR REF PAYABLE DR

100 GJ43
18,000 GJ43
1,326 GJ43
27,125 GJ43
621 GJ43
21 GJ43
2,450 GJ44
21 GJ44
16,950 GJ44
1,650 GJ44
2,000 GJ44
17,000 GJ44
1,326 GJ44
75,200 GJ45
4,621 GJ45
400 GJ45
56.50 GJ45

168,917.50
168,917.50

Purchases
Discounts
CR

ACCT

NO.
100
606
612

DR
100
18,000
1,326

27,125

2,500

106
613

621
21

504

21

609
330
606
612

1,650
2,000
17,000
1,326

610
614
613
614
616

4,621
400
30
25.50
1

50

16,950

75,200

Page 18

CR

Purchases Journal

Purch.
Date
Order No. Account Credited
12
3
21231 Fasttrack Computer Systems
12
4
21232 Starbright Monitors
12
6
21233 Sedonna Software
12
18
21235 Sidebar Peripherals

Dr
Cr

Page 16

ACCT NO.
201-003
201-002
201-001
201-004

43,200
43,200

Purchases DR
Acct. Payable CR
12,000
2,500
22,450
6,250

Sales Journal
Invoice
Date
No.
Account Debited
12
7
292 Kenny's Komputers
12
11
293 Computers by Kayla
12
17
295 Kenny's Komputers

Dr
Cr

Page 24

ACCT NO.
102-002
102-003
102-002

56,225
56,225

ACCT REC. DR
SALES CR
23,000
8,475
24,750

COST OF GOODS SOLD DR

MERCHANDISE INVENTORY
CR

Page 6
Accounts Payable Subsidiary Ledger
Account: Sedonna Software

#201-001
Transaction

Date

Item
Beginning Balance

6-Dec
14-Dec

PR
GJ43
GJ44

Debit

Balance
Credit
45,700
22,450

16,950

Account: Starbright Monitors

#201-002
Balance

Transaction
Date

Item
Beginning Balance

12-Dec

PR
GJ44

Account:

Debit

Credit
22,675

2,500

Fasttrack Computer Systems

Item
Beginning Balance

3-Dec
20-Dec

PR
GJ43
GJ44

Account:

Debit

Credit
75,200
12,000

75,200

Sidebar Peripherals

4-Dec
6-Dec
18-Dec

Item
Beginning Balance

PR
GJ43
GJ43
GJ44

Debit

###
87,200
12,000

#201-004
Balance

Transaction
Date

###
20,175
20,175

#201-003
Balance

Transaction
Date

###
68,150
51,200

Credit
34,525
2,500

27,125
6,250

###
37,025
9,900
16,150

Dr

99,525

Page 15
Accounts Receivable Subsidiary Ledger
Account: Evanne's Electronics
Transaction
Date
Item
PR
Debit
Credit
Beginning Balance
22600
6-Dec
GJ43
11,600
12-Dec
GJ43
9,500

#102-001
Balance
22,600
11,000
1,500

Account: Kenny's Komputers

Date

Item
Beginning Balance

7-Dec
14-Dec
17-Dec
20-Dec

GJ43
GJ44
GJ44

Account:
Date

PR

Computers by Kayla

Item
Beginning Balance

3-Dec
11-Dec

#102-003
PR

GJ43
GJ43

5-Dec
12-Dec

Item
Beginning Balance

55,275
78,275
32,650
57,400
32,650

Transaction
Debit
Credit
27525
8,560
8,475

Account: The Computer Boutique

Date

#102-002
Balance

Transaction
Debit
Credit
55275
23,000
45,625
24,750
24,750

Balance
27,525
18,965
27,440
27,440

#102-004
PR

GJ43
GJ43

Debit
10500

Transaction
Credit
1,250
6425

Balance
10,500
9,250
2,825

Account: Software Unlimited

Date

Item
Beginning Balance
6-Dec Uncollectible Account

Dr

#102-005
PR

GJ43

64,415

Debit
4250

Transaction
Credit
4,250

Balance
4,250
-

102-001
Balance

#102-002
Balance

2-003
Balance

004
Balance

Balance

1,883,200
Date
Description
3-Dec Cash
Accounts Receivable - Computers by Kayla

PR
101
102

Debit
8,560

3-Dec Purchases
Accounts Payable - Fasttrack Computer Systems

601
201

12,000

3-Dec Petty Cash

Cash

100
101

100

4-Dec Purchases
Accounts Payable - Starbright Monitors

601
201

2,500

4-Dec Salary Expense

Payroll Tax Expense
Cash

606
612

18,000
1,326

5-Dec Cash
Accounts Receivable - Computer Boutique

101
102

1,250

6-Dec Accounts Payable - Sidebar Peripherals

Cash

201
101

27,125

6-Dec Allowance for Doubtful Accounts

Accounts Receivable - Software Unlimited

150
102

4,250

6-Dec Cash
Sales

101
501

84,621

6-Dec Purchases
Accounts Payable - Sedonna Software

601
201

22,450

6-Dec Cash
Accounts Receivable - Evanne's Electronics

101
102

11,600

7-Dec Accounts Receivable - Kenny's Komputers

Sales

102
501

23,000

7-Dec Office Supplies

Cash

106
101

621

7-Dec Meals and Entertainment Expense

Cash

613
101

21

11-Dec Accounts Receivable - Computers by Kayla

Sales

102
501

8,475

12-Dec Cash
Accounts Receivable - Evanne's Electronics

101
102

9,500

Page 43
Credit
8,560

12,000

100

2,500

19,326

1,250

27,125

4,250

84,621

22,450

11,600

23,000

621

21

8,475

9,500

Page 44
Date
Description
12-Dec Cash
Accounts Receivable - Computer Boutique

PR
101
102

Debit
6,425

12-Dec Cash
Sales

101
501

621

12-Dec Accounts Payable - Starbright Monitors

Cash
Purchase Discounts

201
101
603

2,500

13-Dec Sales Returns and Allowances

Cash

504
101

21

14-Dec Accounts Payable - Sedonna Software

Cash

201
101

16,950

14-Dec Utility Expense

Cash

609
101

1,650

14-Dec Cash
Accounts Receivable - Kenny's Komputers

101
102

45,625

17-Dec Accounts Receivable - Kenny's Komputers

Sales

102
501

24,750

18-Dec Purchases
Accounts Payable - Sidebar Peripherals

601
201

6,250

18-Dec Treasury Stock

Cash

330
101

2,000

19-Dec Salary Expense

Payroll Tax Expense
Cash

606
612
101

17,000
1,326

20-Dec Cash
Sales Discount
Accounts Receivable - Kenny's Komputers

101
503
102

24,503
247

20-Dec Accounts Payable - Fasttrack Computer Systems

Cash

201
101

75,200

21-Dec Advertising Expense

Cash

610
101

4,621

Credit
6,425

621

2,450
50

21

16,950

1,650

45,625

24,750

6,250

2,000

18,326

24,750

75,200

4,621

Page 45
Date
Description
31-Dec Depreciation Expense
Accumulated Depreciation
Cash
Accumulated Depreciation
Loss on Sale of Truck
Truck
31-Dec Miscellaneous Exepnse
Cash
31-Dec Meal and Entertainment Expense
Miscellaneous Expense
Cash Short
Cash
31-Dec Bad Debt Expense
Allowance for Bad Debts

PR

Debit
1,333

153

1,333
10,000
5,333
4,667
20,000
400
400
30
25
1

14,832

31-Dec Interest Receivable

Interest Revenue

150

31-Dec Insurance Expense

Prepaid Insurance

6000

31-Dec Interest Expense

Interest Payable

25,000

Inventory - Beginning Balance

56

50

14,832

34

34

6000
46,600

31-Dec Inventory - Ending Balance

Income Summary

50

150

31-Dec Depreciation Expense

Accumulated Depreciation - Building
Accumulated Depreciation - Equipment

31-Dec Retained Earnings

Dividend Payable

Credit

8,000
38,600

25,000
500
500
1,226,600
1,226,600
850,000
850,000

31-Dec Supplies Expense

Supplies

16,476

31-Dec Income Tax Expense

Income Tax Payable

97,340

Utilities Expense
Utilities Payable

16,476

97,340
1,875
1,875

Page 46
Date
31-Dec Sales Revenue
Interest Revenue
Purchase Discounts
Purchase Returns
Income Summary

Description

PR

Debit
2,996,467
150
2,000
3,450

3,002,067

Income Summary
Purchases
Sales Discounts
Sales Returns
Bad Debt Expense
Depreciation Expense
Salary Expense
Insurance Expense
Supplies Expense
Utilities Expense
Advertising Expense
Interest Expense
Payroll Tax Expense
Meal and Entertainment Expense
Miscellaneous Expense
Income Tax Expense
Loss on Sale of Asset
Cash Short

2,640,779

Income Summary
Retained Earnings

3,002,067

Retained Earnings
Income Summary

2,640,779

Income Summary
Retained Earnings

Credit

1,883,200
5,847
1,821
14,832.34
47,933
409,000
6,000
16,476
21,025
13,071
55,000
17,652
21,398
25,425.50
97,430
4,667
1

3,002,067

2,640,779
376,600
376,600

Trial Balance
Account Title
Petty Cash
Cash
Accounts Receivable
Note Receivable
Interest Receivable
Inventory
Office Supplies
Prepaid Insurance
Building
Furniture, Equipment, and Trucks
Allowance for Uncollectible Accts
Accumulated Depreciation - Building
Accumulated Depreciation - Equip
Accounts Payable
Interest Payable
Utilities Payable
Dividends Payable
Income Taxes Payable
Note Payable
Common Stock
Retained Earnings
Dividends
Treasury Stock
Revenue
Interest Revenue
Sales Discounts
Sales Returns
Cost of Goods Sold
Bad Debt Expense
Depreciation Expense
Salary Expense
Insurance Expense
Supplies Expense
Utilities Expense
Advertising Expense
Interest Expense
Payroll Tax Expense
Meals and Entertainment Expense
Miscellaneous Expense
Income Tax Expense
Loss on Sale of Asset
Cash Short or Over
Income Summary

Dr.

Adjustments
Dr.

Adjusted Trial Balance

Cr.

100
383,837.50
64,415
5,000
150
1,286,827
16,871
12,000
2,400,000
630,000

16,476
6,000

20,750
1,360,000
386,000
99,525

Dr.
100.00
383,837.50
64,415.00
5,000.00
150.00
1,286,827.00
395.00
6,000.00
2,400,000.00
630,000.00

14,832.34
38,600
8,000

500,000
1,000,000
458,597

500

2,000

Cr.

Income Statement
Dr.

Cr.

5,847.00
1,821.00
1,440,923.00
14,832.34
47,933.00
409,000.00
6,000.00
16,476.00
21,025.00
13,071.00
55,000.00
17,652.00
21,398.00
25,425.50
97,340.00
4,667.00
1.00

14,832.34
46,600

1,333
409,000

6,000
16,476
1,875

19,150
13,071
30,000
17,652
21,398
25,425.50

25,000

97,340
4,667
1
6,791,339

208,773.34

2,000.00
2,966,467.00
150.00

150.00

208,773.34

6,977,136.34

Cr.

35,582.34
1,398,600.00
394,000.00
99,525.00
25,000.00
1,875.00
500.00
97,340.00
500,000.00
1,000,000.00
458,097.00

2,000.00
2,966,467

5,847
1,821
1,440,923

Balance Sheet
Dr.
100.00
383,837.50
64,415.00
5,000.00
150.00
1,286,827.00
395.00
6,000.00
2,400,000.00
630,000.00

35,582.34
1,398,600.00
394,000.00
99,525.00
25,000.00
1,875.00
500.00
97,340.00
500,000.00
1,000,000.00
458,097.00

25,000
1,875
500
97,340.00

6,791,339
Net Income

Cr.

2,966,467.00
150.00
5,847.00
1,821.00
1,440,923.00
14,832.34
47,933.00
409,000.00
6,000.00
16,476.00
21,025.00
13,071.00
55,000.00
17,652.00
21,398.00
25,425.50
97,340.00
4,667.00
1.00

6,977,136.34

2,198,411.84
768,205.16

2,966,617.00

4,778,724.50

4,010,519.34
768,205.16

2,966,617.00

4,778,724.50

Edwards Inc.
Income Statement
For year ending December 31, 2013
Sales Revenue:
Sales
2,966,467
Less: Sales Discounts
(5,847)
Less: Sales Returns
(1,821)
Net Sales
Cost of Goods Sold
Gross Profit
Operating Expenses:
Bad Debt Expense
14,832.34
Depreciation Expense
47,933
Salary Expense
409,000
Insurance Expense
6,000
Supplies Expense
16,476
Utilities Expense
21,025
Advertising Expense
13,071
Payroll Tax Expense
17,652
Meals and Entertainment Expense
21,398
Miscellaneous Expense
25,425.50
Total Operating Expenses
Income from Operations
Other Revenues and Gains
Interest Revenue
150
Other Expenses and Losses
Interest Expense
55,000
Cash Short
1
Loss on Sale of Asset
4,667
Income before Taxes
Income Tax Expense
Net Income

2,958,799
(1,440,923)
1,517,876

592,812.84
925,063.16

(59,518)
865,545.16
(97340)
768,205.16

Edwards Inc.
Balance Sheet
December 31, 2013
ASSETS:

LIABILITIES:

Current Assets

Current Liabilities

Cash

383,837.50

Accounts Receivable

64,415

Less: Allow Uncollectible Accts

(35,582.34)

Inventory

6,000

Interest Payable

25,000

Utilities Payable

395

Prepaid Insurance

99,525

Dividends Payable

1,286,827.00

Office Supplies

Accounts Payable

Income Tax Payable

500
1,875
97,340

224,240

500,000

500,000

1,705,892.16
Long Term Liabilities

Long Term Investments

Note Payable

Note Receivable

5,000

Interest Receivable

150

Total Liabilities

724,240

5,150

Property, Plant, and Equipment

Building
Less: Accum Dep. - Building
Furniture, Equipment, and Trucks
Less: Accum Dep. - Equipment

2,400,000
(1,398,600)

1,001,400

630,000
(394,000)

STOCKHOLDER'S EQUITY:
236,000

1,237,400

Other Assets
Petty Cash
Total Assets

Common Stock

1,000,000

Treasury Stock

(2,000)

Retained Earnings
100

100.00
2,948,542.16

Total Stockholder's Equity

Total Liabilities and Stockholder's Equity

1,226,302.16
2,224,302
2,948,542.16

Edwards Inc.
Statement of Retained Earnings
For the year ending December 31, 2013
Retained Earnings - January 1, 2013
458,597
Plus: Net Income
768,205.16
1,226,802.16
Less: Dividends
500
Retained Earnings - December 31, 2013
1,226,302.16

GENERAL LEDGER
Account Title: Petty Cash

#100
Balance

Transaction
Date
Item
3-Dec Fund Established

PR
GJ43

Debit
100

Credit

Debit
100

Account Title: Cash

#101
Balance

Transaction
Date
Item
1-Dec Beginning Balance
3-Dec
3-Dec
4-Dec
5-Dec
6-Dec
6-Dec
6-Dec
7-Dec
7-Dec
12-Dec
12-Dec
12-Dec
12-Dec
13-Dec
14-Dec
14-Dec
14-Dec
18-Dec
19-Dec
20-Dec
20-Dec
21-Dec
31-Dec
31-Dec
31-Dec

PR
GJ43
GJ43
GJ43
GJ43
GJ43
GJ43
GJ43
GJ43
GJ43
GJ43
GJ44
GJ44
GJ44
GJ44
GJ44
GJ44
GJ44
GJ44
GJ44
GJ44
GJ44
GJ44
GJ45
GJ45
GJ45

Debit

Credit

8,560
100
19,326
1,250
27,125
84,621
11,600
621
21
9,500
6,425
621
2,450
21
16,950
1,650
45,625
2,000
18,326
24,503
75,200
4,621
10,000
400
56.50

Debit
350,000
358,560
358,460
339,134
340,384
313,259
397,880
409,480
408,859
408,838
418,338
424,763
425,384
422,934
422,913
405,963
404,313
449,938
447,938
429,612
454,115
378,915
374,294
384,294
383,894
383,837

50

Account Title: Accounts Receivable

#102
Balance

Transaction
Date
1-Dec
3-Dec
5-Dec
6-Dec
6-Dec
7-Dec
11-Dec
12-Dec

Item
Beginning Balance
Computers by Kayla
Computer Boutique
Software Unlimited
Evanne's Electronics
Kenny's Komputers
Computers by Kayla
Evanne's Electronics

PR
GJ43
GJ43
GJ43
GJ43
GJ43
GJ43
GJ43

Debit

Credit
8,560
1,250
4,250
11,600

23,000
8,475
9,500

Debit
120,150
111,590
110,340
106,090
94,490
117,490
125,965
116,465

12-Dec
14-Dec
17-Dec
20-Dec

Computer Boutique
Kenny's Komputers
Kenny's Komputers
Kenny's Komputers

GJ44
GJ44
GJ44
GJ44

6,425
45,625
24,750
24,750

110,040
64,415
89,165
64,415

Account Title: Note Receivable

#103
Balance

Transaction
Date
Item
1-Dec Beginning Balance

PR

Debit

Credit

Debit
5,000 -

Account Title: Interest Receivable

#104
Balance

Transaction
Date

Item

PR

Debit

Credit

Account Title: Inventory

Debit

#105
Transaction

Date
Item
1-Dec Beginning Balance

PR

Debit

Balance
Credit

Account Title: Office Supplies

Debit
850,000 850,000
850,000
850,000
#106

Transaction
Date
Item
1-Dec Beginning Balance
7-Dec

PR
GJ43

Debit

Balance
Credit

621

Debit
16,250 16,871

Account Title: Prepaid Insurance

#107
Balance

Transaction
Date
Item
1-Dec Beginning Balance

PR

Debit

Credit

Debit
12,000 -

Account Title: Building

#108
Balance

Transaction
Date
Item
1-Dec Beginning Balance

PR

Debit

Credit

Debit
2,400,000

Account Title: Furniture, Equipment & Trucks

#109
Balance

Transaction
Date
Item
1-Dec Beginning Balance
31-Dec

PR

Debit

Credit

GJ45

20,000

Account Title: Allowance for Uncollectible Accounts

Transaction
Date
Item
Debit
Credit
PR
1-Dec Beginning Balance
6-Dec
4,250
GJ43

Account Title: Accumulated Depreciation - Building

Transaction
Date
Item
Debit
Credit
PR
1-Dec Beginning Balance

Account Title: Accumulated Depreciation - Furniture, Equipment & Trucks

Transaction
Date
Item
Debit
Credit
PR
1-Dec Beginning Balance
31-Dec
1,333
GJ45
31-Dec
5,333
GJ45

Debit
650,000 630,000

#151
Balance
Debit

#152
Balance
Debit

#153
Balance
Debit

Account Title: Accounts Payable

#201
Balance

Transaction
Date
1-Dec
3-Dec
4-Dec
6-Dec
6-Dec
12-Dec
14-Dec
18-Dec
20-Dec

Item
Beginning Balance
Fasttrack Computer
Starbright Monitors
Sidebar Peripherals
Sedonna Software
Starbright Monitors
Sedonna Software
Sidebar Peripherals
Fasttrack Computer

PR

Debit

Credit
12,000
2,500

GJ43
GJ43
GJ43

27,125
22,450

GJ43
GJ44
GJ44

2,500
16,950
6,250

GJ44
GJ44

Debit

75,200

Account Title: Interest Payable

#203
Balance

Transaction
Date

Item

PR

Debit

Credit

Debit

Account Title: Utilities Payable

#204
Balance

Transaction
Date

Item

PR

Debit

Credit

Debit

Account Title: Dividends Payable

#205
Balance

Transaction
Date

Item

PR

Debit

Credit

Debit

Account Title: Income Taxes Payable

#206
Balance

Transaction
Date

Item

PR

Debit

Credit

Debit

Account Title: Note Payable - Long Term

#207
Balance

Transaction
Date
Item
1-Dec Beginning Balance

PR

Debit

Credit

Debit

Account Title: Common Stock

#300
Balance

Transaction
Date
Item
1-Dec Beginning Balance

PR

Debit

Credit

Debit

Account Title: Retained Earnings

#301
Balance

Transaction
Date
Item
1-Dec Beginning Balance

PR

Debit

Credit

Debit

Account Title: Dividends

#310
Balance

Transaction
Date

Item

PR

Debit

Credit

Debit

Account Title: Treasury Stock

#330
Balance

Transaction
Date
18-Dec

Item

PR
GJ44

Debit
2,000

Credit

Debit
2,000

Account Title: Sales

#501
Balance

Transaction
Date
Item
1-Dec Beginning Balance
6-Dec
7-Dec
11-Dec
12-Dec
17-Dec

PR

Debit

Credit

Debit

84,621
23,000
8,475
621
24,750

GJ43
GJ43
GJ43
GJ44
GJ44

Account Title: Interest Revenue

#502
Balance

Transaction
Date

Item

PR

Debit

Credit

Debit

Account Title: Sales Discounts

#503
Balance

Transaction
Date

Item
Beginning Balance

20-Dec

PR
GJ44

Debit

Credit

247

Debit
5,600
5,847

Account Title: Sales Returns

#504
Balance

Transaction
Date

Item
Beginning Balance

PR

Debit

Credit

Debit
1,800

13-Dec

GJ44

21

1,821

Account Title: Purchases

#601
Balance

Transaction
Date
Item
1-Dec Beginning Balance
3-Dec
4-Dec
6-Dec
18-Dec

PR
GJ43
GJ43
GJ43
GJ43

Debit

Credit

12,000
2,500
22,450
6,250

Debit
1,840,000 1,852,000
1,854,500
1,876,950
1,883,200

Account Title: Purchases Returns

#602
Balance

Transaction
Date

Item
Beginning Balance

PR

Debit

Credit

Debit

Account Title: Purchases Discounts

#603
Balance

Transaction
Date

Item
Beginning Balance

PR

Debit

Credit

12-Dec

Debit

50

Account Title: Bad Debt Expense

#604
Balance

Transaction
Date
Item
1-Dec Beginning Balance

PR

Debit

Credit

Debit

###
Account Title: Depreciation Expense

#605
Balance

Transaction
Date
31-Dec

Item

PR
GJ45

Debit
1,333

Credit

Debit
1,333

Account Title: Salary Expense

#606
Balance

Transaction
Date
Item
1-Dec Beginning Balance
4-Dec
19-Dec

PR
GJ43
GJ44

Debit

Credit

18,000
17,000

Debit
374,000
392,000
409,000

Account Title: Insurance Expense

#607
Balance

Transaction
Date

Item

PR

Debit

Credit

Debit

Account Title: Supplies Expense

#608
Balance

Transaction
Date

Item

PR

Debit

Credit

Debit

Account Title: Utilities Expense

#609
Balance

Transaction
Date
Item
1-Dec Beginning Balance
14-Dec

PR
GJ44

Debit

Credit

1,650

Debit
17,500 19,150

Account Title: Advertising Expense

#610
Balance

Transaction
Date

Item
Beginning Balance

21-Dec

PR
GJ44

Debit

Credit

4,621

Debit
8,450
13,071

Account Title: Interest Expense

#611
Balance

Transaction
Date

Item
Beginning Balance

PR

Debit

Credit

Debit
30,000

Page 68
Account Title: Payroll Tax Expense

#612
Balance

Transaction
Date
Item
1-Dec Beginning Balance
4-Dec
19-Dec

PR
GJ43
GJ44

Debit

Credit

1,326
1,326

Account Title: Meals & Entertainment Expense

Transaction
Date
Item
Debit
Credit
PR
1-Dec Beginning Balance
7-Dec
21
GJ43
31-Dec
30
GJ45

Debit
15,000 16,326
17,652

#613
Balance
Debit
21,347 21,368
21,398

Account Title: Miscellaneous Expense

#614
Balance

Transaction
Date

Item
Beginning Balance

31-Dec
31-Dec

PR
GJ45
GJ45

Debit

Credit

400
26

50

Debit
25,000
25,400
25,373

Account Title: Income Tax Expense

#615
Balance

Transaction
Date

Item

PR

Debit

Credit

Debit

Account Title: Loss on Sale of Assets

#616
Balance

Transaction
Date
31-Dec

Item

PR
GJ45

Debit
4,667

Credit

Debit
4,667

Account Title: Cash Short or Over

#617
Balance

Transaction
Date
31-Dec

Item

PR
GJ45

Debit
1

Credit

Debit
1

Account Title: Income Summary

#701
Balance

Transaction
Date

Item

PR

Debit

50

Credit

Debit

Page 62
#100
Balance
Credit

#101
Balance
Credit

#102
Balance
Credit

Page 63
#103
Balance
Credit

#104
Balance
Credit

#105
Balance
Credit

#106
Balance
Credit

#107
Balance
Credit

#108
Balance
Credit

#109
Balance
Credit

#151
Balance
Credit
25,000 20,750
20,750 34
page 64
#152
Balance
Credit
1,360,000 -

#153
Balance
Credit
390,000 391,333
386,000
#201
Balance
Credit
178,100 190,100
192,600
165,475
187,925
185,425
168,475
174,725
99,525

#203
Balance
Credit

#204
Balance
Credit

#205
Balance
Credit

#206
Balance
Credit

page 65
#207
Balance
Credit
500,000 -

#300
Balance
Credit
1,000,000 -

#301
Balance
Credit
458,597 458,597

#310
Balance
Credit

Balance
Credit

#501
Balance
Credit
2,825,000 2,909,621 2,932,621 2,941,096
2,941,717
2,966,467

page 66
#502
Balance
Credit

#503
Balance
Credit

#504
Balance
Credit

#601
Balance
Credit
-

#602
Balance
Credit
2,000

#603
Balance
Credit
3,400
3,450

#604
Balance
Credit

Page 67
#605
Balance
Credit

#606
Balance
Credit

#607
Balance
Credit

#608
Balance
Credit

#609
Balance
Credit

#610
Balance
Credit

#611
Balance
Credit

Page 68
#612
Balance
Credit

#613
Balance
Credit

#614
Balance
Credit

#615
Balance
Credit

#616
Balance
Credit

#617
Balance
Credit

#701
Balance
Credit