GENERAL JOURNAL Page 1 GENERAL JOURNAL Page 2 GENERAL JOURNAL Page 3 GENERAL JOURNAL Page 4

DATE ACCOUNT TITLES AND EXPLANATION P.R. DEBIT CREDIT DATE ACCOUNT TITLES AND EXPLANATION P.R. DEBIT CREDIT DATE ACCOUNT TITLES AND EXPLANATION P.R. DEBIT CREDIT DATE ACCOUNT TITLES AND EXPLANATION P.R. DEBIT CREDIT

March 01, 2013 Cash 350,000.00 March 19, 2013 Utilities Expense 2,450.00

Alice Dyan, Capital 350,000.00 Cash 2,450.00 Adjusting Entries: Closing journal entries:
intial investment made by the owner payment for utilities March 31, 2013 Service Revenue 149,300.00
March 31, 2013 Depreciation expense - office equipment 1,667.00 Income Summary 149,300.00
2 Taxes and Licenses 5,000.00 21 Cash 17,000.00 Accumulated Depreciation - office equipment 1,667.00 To close the revenue account
Cash 5,000.00 Accounts Receivable 17,000.00 Computation:
paid the taxes and licenses for the business received payment for service rendere on account 65,000-5,000=60,000/3=20,000/12=1,666.66 or 1,667 Income Summary 66,942.00
31

To record depreciation expense for office equipment Salary Expense 30,000.00

3 Rent Expense 15,000.00 23 Advertising Expense 3,000.00 31 Depreciation expense - furniture and fixtures 2,500.00 Taxes and Licences Expense 5,000.00
Cash 15,000.00 Cash 3,000.00 Accumulated Depreciation - furniture and fixtures 2,500.00 Rent Expense 15,000.00

payment for rent paid for advertisement Computation: Utilities Expense 5,200.00
135,000-15,000=120,000/4=30,000/12=2,500 Advertising Expense 3,000.00
5 Office Equipment 65,000.00 25 Note Payable 20,000.00 To record depreciation expense for furniture and Insurance Expense 175.00
fixtures
Accounts Payable 65,000.00 Cash 20,000.00 Office Supplies Expense 4,400.00
purchased office equipment on credit partial payment for furniture and fixtures purchased Insurance Expense 175.00 Depreciation Expense-Office Equipment 1,667.00
on account 31

Prepaid Insurance 175.00 Depreciation Expense-Furniture and Fixtures 2,500.00

7 Furniture and Fixture 135,000.00 28 Alice Dyan, withdrawals 15,000.00 To adjust used up pre-paid insurace To close all the expense accounts
Cash 35,000.00 Cash 15,000.00 31 Accounts Receivable 30,000.00
Note Payable 100,000.00 Service Income 30,000.00 31 Income Summary 82,358.00
purchased furnitre and fixture 35,000 cash, 100,000 29 Utilities Expense 2,750.00 To record accrued revenue Alice Dyan, Capital 82,358.00
note payable
Cash 2,750.00 31 Office Supplies Expense 4,400.00 To close income summary account
9 Office Supplies 5,600.00 payment for utilities Office Supplies 4,400.00
Cash 5,600.00 To adjust supplies that were used up during the 31 Capital Account-Alice Dyan 15,000.00
period
purchased office supplies 30 Salary Expense 30,000.00 Drawing Account/Alice Dyan Withdrawal 15,000.00
Cash 30,000.00 To close the drawing account
11 Cash 54,000.00 payment for salary of staff
Service Income 54,000.00
travel service booking

13 Prepaid Insurance 2,100.00

Cash 2,100.00
purchased insurance

15 Accounts Receivable 29,300.00

Service Income 29,300.00
service income on account

17 Cash 36,000.00
Service Income 36,000.00
travel service booking

697,000.00 697,000.00 90,200.00 90,200.00 38,742.00 38,742.00 313,600.00 313,600.00

 GENERAL LEDGER GENERAL LEDGER

Cash Accounts Receivable Office Supplies Prepaid Insurance

Date Debit Date Credit Date Debit Date Credit Date Debit Date Credit Date Debit Date Credit
1-Mar 350,000.00 15-Mar 29,300.00 21-Mar 17,000.00 9-Mar 5,600.00 31-Mar-13 4,400.00 13-Mar 2,100.00 31-Mar-13 175.00
11-Mar 54,000.00 2-Mar 5,000.00 31-Mar-13 30,000.00
17-Mar 36,000.00 3-Mar 15,000.00
21-Mar 17,000.00 7-Mar 35,000.00
9-Mar 5,600.00
13-Mar 2,100.00
19-Mar 2,450.00
23-Mar 3,000.00
25-Mar 20,000.00
28-Mar 15,000.00
29-Mar 2,750.00
30-Mar 30,000.00
457,000.00 135,900.00 59,300.00 17,000.00 5,600.00 4,400.00 2,100.00 175.00
Balance 321,100.00 Balance 42,300.00 Balance 1,200.00 Balance 1,925.00

Office Equipment Accum. Dep. (Office Equip.) Furniture and Fixtures Accum. Dep. (Fur. And Fix)
Date Debit Date Credit Date Debit Date Credit Date Debit Date Credit Date Debit Date Credit
5-Mar 65,000.00 31-Mar-13 1,667.00 7-Mar 135,000.00 31-Mar-13 2,500.00

65,000.00 - - 1,667.00 135,000.00 - - 2,500.00

Balance 65,000.00 Balance (1,667.00) Balance 135,000.00 Balance (2,500.00)

Note Payable Accounts Payable Alice, Dyan Capital Alice, Dyan Withdrawals
Date Debit Date Credit Date Debit Date Credit Date Debit Date Credit Date Debit Date Credit
25-Mar 20,000.00 7-Mar 100,000.00 5-Mar 65,000.00 31-Mar-13 15,000.00 1-Mar 350,000.00 28-Mar 15,000.00 31-Mar-13 15,000.00
31-Mar-13 82,358.00

20,000.00 100,000.00 - 65,000.00 15,000.00 432,358.00 15,000.00 15,000.00

Balance 80,000.00 Balance 65,000.00 Balance 417,358.00 Balance -
Service Income Salary Expense Taxes and Licenses Rent Expense
Date Debit Date Credit Date Debit Date Credit Date Debit Date Credit Date Debit Date Credit
31-Mar-13 149,300.00 11-Mar 54,000.00 30-Mar 30,000.00 31-Mar-13 30,000.00 2-Mar 5,000.00 31-Mar-13 5,000.00 3-Mar 15,000.00 31-Mar-13 15,000.00
15-Mar 29,300.00
17-Mar 36,000.00
31-Mar-13 30,000.00

149,300.00 149,300.00 30,000.00 30,000.00 5,000.00 5,000.00 15,000.00 15,000.00

Balance - Balance - Balance - Balance -

Utilities Expense Advertising Expense Insurance Expense Office Supplies Expense

Date Debit Date Credit Date Debit Date Credit Date Debit Date Credit Date Debit Date Credit
19-Mar 2,450.00 31-Mar-13 5,200.00 23-Mar 3,000.00 31-Mar-13 3,000.00 31-Mar-13 175.00 31-Mar-13 175.00 31-Mar-13 4,400.00 31-Mar-13 4,400.00
29-Mar 2,750.00

5,200.00 5,200.00 3,000.00 3,000.00 175.00 175.00 4,400.00 4,400.00

- - - -
Balance Balance Balance Balance
Dep. Expense (Office Equip.) Dep. Expense (Fur. And Fix.) Income Summary (Write the account title here)
Debit Date Credit Date Debit Date Credit Date Debit Date Credit Date Debit Date Credit
31-Mar-13 1,667.00 31-Mar-13 1,667.00 31-Mar-13 2,500.00 31-Mar-13 2,500.00 31-Mar-13 66,942.00 31-Mar-13 149,300.00
31-Mar-13 82,358.00

1,667.00 1,667.00 2,500.00 2,500.00 149,300.00 149,300.00

Balance - Balance - Balance - Balance
Use this trial balance for assignment - part 1. Use this trial balance for assignment - part 2.

AD Travel and Tours AD Travel and Tours AD Travel and Tours

Trial Balance Adjusted Trial Balance Post Closing Trial Balance
31-Mar-13 31-Mar-13 31-Mar-13
Debit Credit Debit Credit Debit Credit
Cash 321,100.00 Cash 321,100.00 Cash 321,100.00

Accounts Receivable 12,300.00 Accounts Receivable 42,300.00 Accounts Receivable 42,300.00

Office Supplies 5,600.00 Office Supplies 1,200.00 Office Supplies 1,200.00

Office Supplies Expense 4,400.00

Prepaid Insurance 2,100.00 Prepaid Insurance 1,925.00

Prepaid Insurance 1,925.00
Office Equipment 65,000.00 Insurance Expense 175.00 Office Equipment 65,000.00

Furniture and Fixtures 135,000.00 Office Equipment 65,000.00

Accumulated Depreciation-office equipment 1,667.00 Accumulated Depreciation-office equipment 1,667.00
Note Payable 80,000.00 Depreciation Expense-Office Equip. 1,667.00
Furniture and Fixtures 135,000.00
Accounts Payable 65,000.00 Furniture and Fixtures 135,000.00
Accumulated Depreciation-furniture and fixture 2,500.00 Accumulated Depreciation-furniture and fixture 2,500.00

Alice Dyan, Capital 350,000.00 Depreciation Expense-Furniture and Fixtures 2,500.00

Note Payable 80,000.00
Alice Dyan, Withdrawals 15,000.00 Note Payable 80,000.00
Accounts Payable 65,000.00
Service Income 119,300.00 Accounts Payable 65,000.00
Alice Dyan, Capital 417,358.00
Salary Expense 30,000.00 Alice Dyan, Capital 350,000.00

Taxes and Licenses 5,000.00 Alice Dyan, Withdrawals 15,000.00

Rent Expense 15,000.00 Service Income 149,300.00

Utilities Expense 5,200.00 Salary Expense 30,000.00

Advertising Expense 3,000.00 Taxes and Licenses 5,000.00

Rent Expense 15,000.00

Utilities Expense 5,200.00

Advertising Expense 3,000.00

614,300.00 614,300.00 648,467.00 648,467.00 566,525.00 566,525.00

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