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    Learning Journal Unit 2 Basic Accounting

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    jayward turpias
    The document contains journal entries and a trial balance for FunSun Co for the month of April. It records various financial transactions across multiple general ledger accounts including cash, capital, expenses, revenues, assets and liabilities. The trial balance at the end shows the total debits equaling the total credits.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Learning Journal Unit 2 Basic Accounting

    Uploaded by

    jayward turpias
    97 views7 pages
    The document contains journal entries and a trial balance for FunSun Co for the month of April. It records various financial transactions across multiple general ledger accounts including cash, capital, expenses, revenues, assets and liabilities. The trial balance at the end shows the total debits equaling the total credits.

    Original Description:

    accounting journals

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    The document contains journal entries and a trial balance for FunSun Co for the month of April. It records various financial transactions across multiple general ledger accounts including cash, capital, expenses, revenues, assets and liabilities. The trial balance at the end shows the total debits equaling the total credits.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    97 views7 pages

    Learning Journal Unit 2 Basic Accounting

    Uploaded by

    jayward turpias
    The document contains journal entries and a trial balance for FunSun Co for the month of April. It records various financial transactions across multiple general ledger accounts including cash, capital, expenses, revenues, assets and liabilities. The trial balance at the end shows the total debits equaling the total credits.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 7

    Journal Entries in the Book of FunSun.

    Co for the Month of April


    Date (April) Particulars Debt ($) Credit ($)
    Cash 35,000
    1-Apr Captial/Stock Acc. 35000

    Office Supply 1100


    2-Apr Accounts Payable 1,100

    Bank Loan Account 10,000


    5-Apr Accounts Payable 10,000

    Van Account 7,000


    12-Apr Accounts Payable 7,000

    Rent Account 5000


    15-Apr Cash 5000

    Salaries Expense 4000


    16-Apr Cash 4000

    Cash 2000
    17-Apr Sales Revenue 2000

    Prepaid Insurance 1800


    20-Apr Cash 1800

    Account Payable 1000


    20-Apr Van Account 1000

    Cash 9000
    21-Apr Sales Revenue 9000

    Purchase/Return Account 100


    25-Apr Office Supply 100

    Furniture 2000
    27-Apr Cash 2000

    Drawing Account 1000


    29-Apr Cash 1000
    Adjustment Entries

    Date (April) Particulars Debt ($) Credit ($)

    Depreciation Exp. 350


    A Acc. Dep. Exp. 350

    Salary Payable Account 500


    B Salaries Expense 500

    Sale Revenue 600


    C Account Recievable 600

    Prepaid Insurance 150


    D Insurance Expense 150

    Dividend Account 1,000


    E Cash 1,000

    Date Account Title Ref. No. Debit Credit


    Cash Account
    Debit ($) Credit ($)
    35000 5000
    2000 4000
    9000 1800
    2000
    1000
    1000
    46000 14800

    Bal. 31200

    Capital/Stock account
    Debit ($) Credit ($)
    35000
    Bal. 35000

    Accounts recievable
    Debit ($) Credit ($)
    600

    Bal. 600

    Van account
    Debit ($) Credit ($)
    7000 1000
    Bal. 6000

    Rent account
    Debit ($) Credit ($)
    5000
    Bal. 5000

    Salary payable account


    Debit ($) Credit ($)
    500
    Bal. 500

    Insurance Expense
    Debit ($) Credit ($)
    150
    Bal. 150

    Depreciation expense
    Debit ($) Credit ($)
    350
    Bal. 350

    Dividend account
    Debit ($) Credit ($)
    1000
    Bal. 1000
    Furniture
    Debit ($) Credit ($)
    2000
    Bal. 2000

    Accounts Payable
    Debit ($) Credit ($)
    1000 1100
    10000
    7000
    Bal. 17100

    Office Supply
    Debit ($) Credit ($)
    1100 100
    Bal. 1000

    Sales Revenue
    Debit ($) Credit ($)
    600 2000
    9000

    Bal. 10400

    Bank Loan account


    Debit ($) Credit ($)
    10000

    Salaries Expense
    Debit ($) Credit ($)
    4000 500
    Bal. 3500

    Per-paid insurance
    Debit ($) Credit ($)
    1800
    150
    Bal. 1950

    Drawings account
    Debit ($) Credit ($)
    1000
    Bal. 1000

    Accum. Depreciation expense


    Debit ($) Credit ($)
    350
    Bal. 350

    Purchase return account


    Debit ($) Credit ($)
    100
    Bal. 100
    Trial Balance of FunSun. CO
    Partculars Debit ($) Credit ($)
    Cash 31,200
    Office Supply 1,000
    Van Account 6,000
    Furniture 2000
    Prepaid Insurance 1950
    Accounts Payable 17100
    Accounts Recievable 600
    Capital/Stock Account 35000
    Sales Revenue 10,400
    Rent Account 5,000
    Salaries Expense 3500
    Salary Payable Account 500
    Bank loan Account 10,000
    Drawings Account 1000
    Depreciation Expense 350
    Purchase/Return Account 100
    Dividend Account 1,000
    Accumulated Depreciation Exp. 350
    Insurance 150
    Total Balance 63,600 63,600

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