Financial Schedulesfinal

Pre-Adjustment Trial Balance
December 31, 2013

Account
1100
1110
1130
1200
1205
1230
1240
1300
1410
1500
1505
2100
2150
2160
2165
2170
2180
2190
2200
2220
2700
2710
3100
3120
3200
4100
4180
4190
4500
4700
4800
5100
5200
5300
5400
5600
5700
5800
5900
6000
6100
6250
6300
6400
6500
6600
6700
8000
8100
8200
8250
8400
9000
9100
Description
Cash - Operating Account
Cash - Payroll
Petty Cash
Accounts Receivable
Allowance for Doubtful Accounts
Interest Receivable
Notes Receivable
Inventory
Prepaid Insurance
Fixed Assets - Furniture & Fixtures
Accumulated Depreciation-Fixed Assets
Accounts Payable
Federal Withholding Payable
FICA Payable
Medicare payable
FUTA Payable
TX state SUTA payable
Interest Payable
Federal Income Tax Payable
Current N/P to banks
Notes Payable to Banks
Other Liabilities
Common Stock
Additional Paid-In Capital-Common Stock
Retained Earnings
Sales
Sales Discount
Sales Returns
Cost of Goods Sold
Shrinkage and Waste
Freight and Handling
Accounting Fees
Advertising Expense
Bad Debts Expense
Bank Fees
Depreciation Expense
Dues & Subscription
Employee Benefits
Insurance
Legal Fees
Life Insurance - Administration
Postage
Rent Expense
Repairs & Maintenance Expense
Salaries and Wages
Supplies
Telephone & Utilities
Taxes - Federal Income
Taxes - FUTA Expense
Taxes - FICA Expense
Taxes - Medicare Expense
Taxes - SUTA Expense
Interest Expense
Interest Income
Financial SchedulesFinal.xlsx
Debit
147,139.83
10.00
133,000.00
Credit
2,660.00
72,343.35
91,000.00
16,500.00
273,500.00
37,787.50
40,900.00
7,800.00
43,660.19
90,278.26
65,000.00
5,000.00
495,000.00
59,340.08
565,000.00
720.00
3,000.00
338,760.00
3,000.00
5,000.00
17,000.00
4,500.00
660.00
330.00
22,287.50
500.00
1,500.00
1,000.00
9,000.00
500.00
27,000.00
1,545.00
206,400.00
5,655.00
168.00
12,796.80
2,992.80
1,026.00
13,216.75
375.00
Trial Balance
Pre-Adjustment Trial Balance

December 31, 2013
Account
9200
Description
Miscellaneous Income/Expense
Debit
1,412,426.03
Trial Balance
Credit
1,412,426.03
-
General Ledger
Account 1100

Dec
12
12
Ref
1 Balance Forward
30
30
GJ1
CD
CR
Debit
372,107.33
Credit
367,529.15
142,561.65
Debit Balance
372,107.33
4,578.18
147,139.83
Credit Balance
Account 1110
Cash - Payroll
Dec
12
12
Ref
1 Balance Forward
30
30
GJ1
PR
CD
Debit
10.00
Credit
Debit Balance
10.00
13,779.20
13,779.20
Credit Balance
13,769.20
10.00
Account 1130
Account not used
Account 1200
Accounts Receivable
Dec
12
12
Ref
1 Balance Forward
30
30
GJ1
SJ
CR
Debit
137,000.00
137,000.00
Credit
141,000.00
Debit Balance
137,000.00
274,000.00
133,000.00
Credit Balance
Debit Balance
Credit Balance
2,000.00
Account 1205

Dec
Dec
Ref
1 Balance Forward
30
Debit
GJ1
Credit
2,000.00
GJ4
660.00
General Ledger - Students
2,660.00
Account 1230
Interest Receivable
Dec
Ref
Debit
Credit
Debit Balance
0.00
Credit Balance
Ref
Debit
Credit
Debit Balance
0.00
75,000.00
72,718.35
Credit Balance
1 Balance Forward
Account 1240
Notes Receivable
Dec
12
12
1 Balance Forward
1
31
CD
CR
12
31
GJ5
75,000.00
2,281.65
375.00
72,343.35
Account 1300
Inventory
Dec
Ref
12
12
1 Balance Forward
30
30
GJ1
SJ
PJ
12
30
GJ5
Debit
37,000.00
Credit
Debit Balance
37,000.00
78,000.00
135,000.00
Credit Balance
41,000.00
94,000.00
3,000.00
91,000.00
Account 1410
Prepaid Insurance
Dec
Ref
12
1 Balance Forward
30
CD
12
30
GJ7
Debit
Credit
18,000.00
1,500.00
Debit Balance
0.00
18,000.00
Credit Balance
16,500.00
Account 1500
Fixed Assets - Furniture and Fixtures

Dec
1 Balance Forward
12
30
GJ1
Ref
Debit
265,500.00
GJ8
8,000.00
Credit
Debit Balance
265,500.00
273,500.00
Credit Balance
Account 1505
Accumulated Depreciation Fixed Assets

Dec
12
1 Balance Forward
30
Ref
Debit
Credit
15,500.00
22,287.50
Debit Balance
Credit Balance
15,500.00
37,787.50
Ref
Debit
Credit
110,000.00
375.00
173,900.00
Debit Balance
Credit Balance
110,000.00
110,375.00
284,275.00
38,900.00
GJ1
GJ2
Account 2100
Accounts Payable
Dec
12
12
12
1 Balance Forward
30
30
30
GJ1
PR
PJ
CD
12
30
GJ9
245,375.00
2,000.00
40,900.00
Account 2140
ACCOUNT NOT ACTIVE
Account 2150
Federal Withholding Payable

Dec
12
12
1 Balance Forward
30
30
Ref
PR
CD
Debit
Credit
Debit Balance
1,730.00
1,730.00
Credit Balance
0.00
1,730.00
0.00
Account 2160
FICA Payable
Dec
12
12
1 Balance Forward
30
30
Ref
PR
CD
Debit
Credit
Debit Balance
Credit Balance
0.00
1,066.40
0.00
Debit Balance
Credit Balance
0.00
249.40
0.00
1,066.40
1,066.40
Account 2165
Medicare Payable
Dec
12
12
1 Balance Forward
30
30
Ref
PR
CD
Debit
Credit
249.40
249.40
Account 2170
FUTA Payable
Dec
Ref
Debit
Credit
Debit Balance
Credit Balance
0.00
Ref
Debit
Credit
Debit Balance
Credit Balance
0.00
Ref
Debit
Credit
Debit Balance
Credit Balance
0.00
1 Balance Forward
Account 2180
TX State SUTA Payable

Dec
1 Balance Forward
Account 2190
Interest Payable
Dec
Dec
1 Balance Forward
30
GJ11
7,800.00
7,800.00
Account 2200
Federal Income Tax Payable

Dec
Ref
Debit
Credit
Debit Balance
1 Balance Forward
Credit Balance
0.00
Account 2210
ACCOUNT NOT IN USE
Account 2220
Current NP to Banks
Dec
1 Balance Forward
Ref
Debit
GJ1
Credit
43,660.19
Debit Balance
Credit Balance
43,660.19
Account 2700

Dec
12
1 Balance Forward
30
Ref
GJ1
CD
Debit
Credit
93,516.51
Debit Balance
Credit Balance
93,516.51
90,278.26
3,238.25
Account 2710
Other Liabilities
Dec
1 Balance Forward
Ref
Debit
Credit
65,000.00
Debit Balance
Credit Balance
65,000.00
Ref
Debit
Credit
5,000.00
Debit Balance
Credit Balance
5,000.00
GJ1
Account 3100
Common Stock
Dec
1 Balance Forward
GJ1
Account 3120
Additional Paid-In Capital - CS

Dec
1 Balance Forward
Ref
Debit
Credit
495,000.00
Debit Balance
Credit Balance
495,000.00
Ref
Debit
Credit
59,340.08
Debit Balance
Credit Balance
59,340.08
Ref
Debit
Credit
425,000.00
140,000.00
Debit Balance
Credit Balance
425,000.00
565,000.00
GJ1
Account 3200
Retained Earnings
Dec
1 Balance Forward
GJ1
Account 4100
Sales
Dec
12
1 Balance Forward
30
GJ1
SJ
Account 4180
Sales Discount
Dec
12
1 Balance Forward
30
Ref
CR
Debit
Credit
720.00
Debit Balance
Credit Balance
720.00
Account 4190
Sales Returns
Dec
12
Ref
1 Balance Forward
30
SJ
Debit
Credit
3,000.00
Debit Balance
Credit Balance
3,000.00
Account 4500
Cost of Goods Sold

Dec
12
1 Balance Forward
30
Ref
Debit
260,760.00
78,000.00
Credit
Debit Balance
260,760.00
338,760.00
Credit Balance
Ref
Debit
Credit
Debit Balance
Credit Balance
GJ1
SJ
Account 4700
Shrinkage and Waste

Dec
1 Balance Forward
12
30
GJ6
3,000.00
3,000.00
Account 4800
Freight and Handling

Dec
12
1 Balance Forward
30
Ref
CD
Debit
Credit
5,000.00
Debit Balance
0.00
5,000.00
Credit Balance
Account 5100
Accounting Fees
Ref
Dec
1 Balance Forward
Debit
Credit
Debit Balance
0.00
Credit Balance
12
12
31
31
PJ
PJ
12
30
GJ8
8,000.00
17,000.00
8,000.00
25,000.00
8,000.00
17,000.00
Account 5200
Advertising Expense
12
1 Balance Forward
30
PJ
2,500.00
Debit Balance
0.00
2,500.00
12
30
GJ9
2,000.00
4,500.00
Dec
Ref
Debit
Credit
Credit Balance
Account 5300
Bad Debts Expense

Dec
Ref
Debit
Credit
1 Balance Forward
12
30
GJ6
660.00
Debit Balance
0.00
Credit Balance
660.00
Account 5400
Bank Fees
Dec
Ref
Debit
Credit
1 Balance Forward
12
31
GJ3
Depreciation Expense
Dec
330.00
Ref
12
12
1 Balance Forward
30
30
GJ1
PR
GJ2
12
30
GJ3
12
30
GJ13
Debit
330.00
17,200.00
22,287.50
Debit Balance
0.00
Credit Balance
330.00
Credit
Debit Balance
330.00
17,530.00
39,817.50
330.00
39,487.50
17,200.00
22,287.50
Account 5600
Credit Balance
Account 5700
Dues & Subscription

Dec
12
1 Balance Forward
15
Ref
PJ
Debit
Credit
Debit Balance
0.00
500.00
Credit Balance
Credit
Debit Balance
1,375.00
Credit Balance
500.00
Account 5800
Employee Benefits
Dec
1 Balance Forward
Ref
Debit
GJ1
1,375.00
12
30
CD
125.00
1,500.00
Account 5900
Insurance
Ref
Dec
Debit
Credit
1 Balance Forward
12
30
GJ7
1,000.00
Debit Balance
0.00
Credit Balance
1,000.00
Account 6000
Legal Fees
Dec
12
Ref
1 Balance Forward
30
PJ
Debit
Credit
Debit Balance
0.00
9,000.00
Credit Balance
Credit
Debit Balance
0.00
Credit Balance
9,000.00
Account 6100
Life Insurance - Administration

Dec
Ref
Debit
1 Balance Forward
12
30
GJ7
500.00
500.00
Account 6250
Postage
Ref
Dec
Debit
Credit
1 Balance Forward
Debit Balance
0.00
Credit Balance
Account 6300
Rent Expense
Dec
12
1 Balance Forward
30
Ref
GJ1
CD
Debit
24,750.00
2,250.00
Credit
Debit Balance
24,750.00
27,000.00
Credit Balance
Account 6400
Repairs & Maintenance Expense

Dec
12
1 Balance Forward
15
Ref
PJ
Debit
1,545.00
Credit
Debit Balance
0.00
1,545.00
Credit Balance
Account 6500
Salaries and Wages

Dec
1 Balance Forward
12
30
Ref
GJ1
Debit
189,200.00
GJ13
17,200.00
Credit
Debit Balance
189,200.00
Credit Balance
206,400.00
Account 6600
Supplies
Dec
Ref
Debit
Credit
Debit Balance
0.00
Credit Balance
Ref
Debit
5,300.00
355.00
Credit
Debit Balance
5,300.00
5,655.00
Credit Balance
1 Balance Forward
Account 6700

Dec
12
1 Balance Forward
15
GJ1
PJ
Account 8000
Taxes - Federal Income

Dec
Ref
Debit
Credit
1 Balance Forward
Debit Balance
0.00
Credit Balance
Account 8100

Dec
Ref
12
1 Balance Forward
30
GJ1
CD
12
30
GJ10
Debit
168.00
1,066.40
Credit
1,066.40
Debit Balance
168.00
1,234.40
Credit Balance
168.00
Account 8200

Dec
1 Balance Forward
12
30
Ref
GJ1
GJ10
Debit
11,730.40
1,066.40
Credit
Debit Balance
11,730.40
12,796.80
Credit Balance
Account 8250

Dec
12
1 Balance Forward
30
Ref
GJ1
CD
Debit
2,743.40
249.40
Credit
Debit Balance
2,743.40
2,992.80
Credit Balance
Account 8300
Account Not in Use

Account 8400

Dec
1 Balance Forward
Ref
GJ1
Debit
1,026.00
Credit
Debit Balance
1,026.00
Credit Balance
Account 9000
Interest Expense
Dec
Ref
12
1 Balance Forward
30
GJ1
CD
12
30
GJ11
Debit
5,016.65
400.10
Credit
7,800.00
Debit Balance
5,016.65
5,416.75
Credit Balance
13,216.75
Account 9100
Interest Income
Dec
Ref
Debit
Credit
1 Balance Forward
12
30
GJ5
375.00
Debit Balance
0.00
Credit Balance
375.00
Account 9200
Miscellaneous Income/Expense
Dec
Ref
Debit
1 Balance Forward
Credit
Debit Balance
0.00
Credit Balance
Account Receivable Subsidiary Ledger

Accounts Receivable Account 1200
C 10
Customer 10
Credit Terms: 2/10, Net 30

Credit Limit: $25,000
Ref
Dec
12
1 Balance Forward (from November)

10
CR
12
20
SJ
Debit
Credit
20,000.00
8,000.00
Debit Balance
20,000.00
-
Credit Balance
8,000.00
C 20
Customer 20

Ref
Dec
12
12
1 Balance Forward (from October)

15
28 Inv 1205
CR
SJ
12
30 CM 01
SJ
Debit
Credit
25,000.00
24,000.00
3,000.00
Debit Balance
45,000.00
20,000.00
44,000.00
Credit Balance
41,000.00
C 30
Customer 30

Ref
Dec
12
12
1 Balance Forward (from November)

3
5 Inv 1202
Debit
CR
SJ
Credit
60,000.00
48,000.00
Debit Balance
60,000.00
48,000.00
Credit Balance
C40
Customer 40

Ref
Dec
12
12
12
1
2
5
10
Balance Forward (from November)

Inv 1201
Open Balance
Inv 1203
SJ
CR
SJ
Subsidiary Ledger-AR
Debit
Credit
24,000.00
36,000.00
36,000.00
Debit Balance
12,000.00
36,000.00
36,000.00
Credit Balance
Inventory Subsidiary Ledger

Inventory Account 1300
I 10
Item 10
Current Cost: $1,000
Preferred Vendor: Vendor 30

Retail Sales Price: $2,000 (Price Increase from $1,500)
Stock Item
Dec
12
12
Ref
1 Balance Forward
3
20
PJ
SJ
Debit
Credit
10,000.00
4,000.00
Quantity
Debit Balance
5,000.00
15,000.00
11,000.00
Credit Balance
Debit
Credit
10.00
4.00
Debit Balance
5.00
15.00
11.00
Credit Balance
I 20
Item 20

Stock Item
Dec
Ref
12
12
1 Balance Forward
3
10
PJ
SJ
12
30
GJ6
Debit
Credit
15,000.00
18,000.00
3,000.00
Quantity
Debit Balance
6,000.00
21,000.00
3,000.00
Credit Balance
Debit
Credit
10.00
12.00
Debit Balance
4.00
14.00
2.00
Credit Balance
I 30
Item 30

Stock Item
Dec
12
12
12
Ref
1 Balance Forward
3
28
2
PJ
SJ
Debit
Credit
10,000.00
12,000.00
SJ
Quantity
Debit Balance
14,000.00
24,000.00
12,000.00
12,000.00
Credit Balance
Debit
Credit
5.00
6.00
-
Debit Balance
7.00
12.00
6.00
Credit Balance
I 40
Item 40

Stock Item
Dec
12
12
12
Ref
1 Balance Forward
3
5
6
PJ
SJ
PJ
Debit
Credit
40,000.00
32,000.00
60,000.00
Debit Balance
12,000.00
52,000.00
20,000.00
80,000.00
Subsidiary Ledger-Inventory
Quantity
Credit Balance
Debit
Credit
10.00
8.00
15.00
Debit Balance
3.00
13.00
5.00
20.00
Credit Balance
Fixed Asset Subsidiary Ledger

Fixed Assets - Furnitures and Fixtures Account 1500
Item 10
Purchase Date:
Disposal Date:
Vendor:
Dec
12
F10
March 1, 2012
n/a
Vendor 20
1 Balance Forward
30
Depreciation Method:
Salvage Value:
Ref
Debit
November 2, 2012
n/a
Vendor 20
1 Balance Forward
30
Salvage Value:
Ref
Debit
Straight Line Annual Depreciation

$ 20,000.00 Useful Life
Credit
Debit Balance
200,000.00
Straight Line Annual Depreciation

$
500.00 Useful Life
Credit
Debit Balance
15,500.00
3,000.00
5 Years
Credit Balance
GJ
Item 30
Credit Balance
15,000.00
33,000.00
Debit
Accumulated Depreciation
Credit
Debit Balance
500.00
3,000.00
Credit Balance
500.00
3,500.00
F30
October 1, 2013
n/a
Vendor 20
1 Balance Forward
30
Salvage Value:
Ref
Debit
Straight Line
Annual Depreciation
5000
Credit
Useful Life
Debit Balance
50,000.00
4,500.00
10 Years
Credit Balance
GJ
Debit
Credit
Debit Balance
1,125.00
Item 40
Credit Balance
1,125.00
F40
Purchase Date:
Disposal Date:
Vendor:
Dec
12
12
Credit
Debit Balance
15,000.00
18,000.00
F20
Purchase Date:
Disposal Date:
Vendor:
Dec
12
Debit
GJ
Item 20
Purchase Date:
Disposal Date:
Vendor:
Dec
12
18,000.00
10 Years
Credit Balance
December 2, 2013
n/a
Vendor 20
1 Balance Forward
30
30
Straight Line
Salvage Value:
Ref
Debit
PJ
GJ
200
Credit
8,000.00
Annual Depreciation
Useful Life
Debit Balance
1,950.00
4 Years
Credit Balance
Debit
Credit
Debit Balance
Credit Balance
8,000.00
162.50
Subsidiary Ledger-Fixed Assets
162.50
Account Payable Subsidiary Ledger

Accounts Payable Account 2100
V10
Vendor 10
Credit Terms: Net 30 days

Medical Insurance Vendor

Ref
Dec
12
12
1 Balance Forward
30
30
Debit
PR
CD
Credit
Debit Balance
375.00
375.00
Credit Balance
375.00
-
V20
Vendor 20

Fixed Asset Vendor

Ref
Dec
1 Balance Forward
2
12
Debit
PJ
Credit
Debit Balance
Credit Balance
8,000.00
8,000.00
V30
Vendor 30

Inventory Vendor
Ref
Dec
12
12
12
12
1 Balance Forward
1
3
6
15
Debit
CD
PJ
PJ
CD
Credit
Debit Balance
110,000.00
75,000.00
60,000.00
135,000.00
Credit Balance
110,000.00
75,000.00
135,000.00
-
V40
Vendor 40

General Supplies & Misc. Vendors

Ref
Dec
12
12
12
1
15
15
30
12
30
Balance Forward
Repair Bill V 810
Dues V 907
Advertising Bill VA01
PJ
PJ
PJ
GJ9
Subsidiary Ledger-AP
Debit
Credit
1,545.00
500.00
2,500.00
2,000.00
Debit Balance
Credit Balance
1,545.00
2,045.00
4,545.00
6,545.00
Account Payable Subsidiary Ledger

Accounts Payable Account 2100
V50
Vendor 50
Credit Terms: Net 30

Accounting Vendor
Ref
Dec
12
1 Balance Forward
30 Accounting Bill V 222
Debit
PJ
Credit
Debit Balance
17,000.00
Credit Balance
17,000.00
V60
Vendor 60

Legal Vendor
Ref
Dec
12
1 Balance Forward
30 Legal Bill V723
Debit
PJ
Credit
Debit Balance
9,000.00
Credit Balance
9,000.00
V70
Vendor 70

Telephone and Utilities Vendor

Ref
Dec
12
1 Balance Forward
15 Utilities Bill V654
PJ
Subsidiary Ledger-AP
Debit
Credit
355.00
Debit Balance
Credit Balance
355.00
Salaries and Wages Subsidiary Ledger

Salaries and Wages Account 6500
Salaried: $3,200 per month; Firm pays 25% of medical insurance
W-4 Filed, Married, 0
Employee 10
Dec
12
1 Balance Forward
30
Ref
PR
PR
Zero Balance Check:
0.062
35,200.00
3,200.00
Federal W/H
2,596.00
236.00
Social Security
2,182.40
198.40
Medicare
510.40
46.40
Medical
Insurance
1,155.00
105.00
Net Pay
28,756.20
2,614.20
38,400.00
2,832.00
2,380.80
556.80
1,260.00
31,370.40
Gross
2013 Total
Employee 20
12
1 Balance Forward
30
Ref
PR
PR
$217.00 / period
Gross
2013 Total
Zero Balance Check:
Employee 30
12
1 Balance Forward
30
Ref
PR
PR
Zero Balance Check:
12
1 Balance Forward
30
2013 Total
Zero Balance Check:
P20
0.0145
Federal W/H
2,387.00
217.00
Social Security
2,387.00
217.00
Medicare
558.25
50.75
42,000.00
2,604.00
2,604.00
609.00
$851.00 / period
1045
$105
Medical
Insurance
1,155.00
105.00
Net Pay
32,012.75
2,910.25
1,260.00
34,923.00
0.062
P30
0.0145
Check #
1046
$60
55,000.00
5,000.00
Federal W/H
9,361.00
851.00
Social Security
3,410.00
310.00
Medicare
797.50
72.50
Medical
Insurance
660.00
60.00
60,000.00
10,212.00
3,720.00
870.00
720.00
Gross
Net Pay
40,771.50
3,706.50
44,478.00
Check #
1047
60000-10212-3720-870-720-44478

W-4 Filed, Married 4
Employee 40
Check #
+42000-2604-2604-609-1260-34923
2013 Total
Dec
0.062
38,500.00
3,500.00

W-4 Filed, Single 0
Dec
$105/period
38400-2832-2380.8-556.8-1260-31370.40

W-4 Filed, Married, 2
Dec
P10
0.0145
$236.00 / period
Ref
PR
PR
$426.00 / period
0.062
P40
0.0145
$105
60,500.00
5,500.00
Federal W/H
4,686.00
426.00
Social Security
3,751.00
341.00
Medicare
877.25
79.75
Medical
Insurance
1,155.00
105.00
66,000.00
5,112.00
4,092.00
957.00
1,260.00
Gross
66000-5122-4092-957-1260-54579
Subsidiary Ledger - Wages&Sal
Net Pay
50,030.75
4,548.25
54,579.00
Check #
1048
General Journal
GL Acct#
Date
Hash
Total
1100
1110
1200
1205
1300
1500
1505
2100
2220
2700
2710
3100
3120
3200
4100
4500
5600
5800
6300
6500
6700
8100
8200
8250
8400
9000
Posted
Ref
Explanation
GJ1
Cash - Payroll
Accounts Receivable
Inventory
Fixed Assets - Furniture and Fixtures
Accumulated Depreciation-Fixed Assets
Accounts Payable
Current N/P to banks
Other Liabilities
Common Stock
Additional Paid-In Capital-Common Stock
Retained Earnings
Sales
Cost of Goods Sold
Bank Fees
Employee Benefits
Rent Expense
Salaries and Wages
Interest Expense
109,520
Debit
Credit
372,107.33
10.00
137,000.00
2,000.00
37,000.00
265,500.00
15,500.00
110,000.00
43,660.19
93,516.51
65,000.00
5,000.00
495,000.00
59,340.08
425,000.00
260,760.00
330.00
1,375.00
24,750.00
189,200.00
5,300.00
168.00
11,730.40
2,743.40
1,026.00
5,016.65
1,314,016.78
1,314,016.78
To input beginning balances. Input by GL Clerk
12
30
GJ2
5600 Depreciation Expense
1505
22,287.50
22,287.50
22,287.50
22,287.50
7,105
To record annual Depreciation Expense per Fixed Asset Subledger
12
12
12
12
12
30
30
30
30
30
GJ3
5600 Depreciation
5400 Bank Fees
GJ4
5300 Bad Debt Expense
1205 Allowance for Doubtful Accounts
660.00
GJ5
1240 Notes Receivable
9100 Interest Income
375.00
GJ6
4700 Shrinkage and waste
1300 Inventory
3,000.00
GJ7
6100 Life Insurance - Administration
5900 Insurance - business
500.00
1,000.00
General Journal
330.00
330.00
660.00
375.00
3,000.00
General Journal
12
12
12
12
12
12
12
Posted
Ref
GL Acct#
Explanation
1410 Pre-paid Insurance
Date
30
30
30
30
30
30
30
Debit
Credit
1,500.00
GJ8
1500 Fixed assets - furniture & fixtures
5100 Accounting fees
8,000
GJ9
5200 Advertising expense
2100 Accounts Payable
2,000.00
GJ10
8200 FICA expense
8100 FUTA Expense
1,066.40
GJ11
2220 Current Notes to banks
2700 Notes Payable to Banks
3,238.25
GJ12
9000 Interest Expense
2190 Interest payable
7,800.00
GJ13
6500 Salaries and Wages
5600 Depreciation expense
17,200.00
GJ14
8000 Taxes - Federal Income
2200 FIT payable
79184
General Journal
8,000.00
2,000.00
1,066.40
3,238.25
7,800.00
17,200.00
79184
General Journal
Date
GL Acct#
Posted
Ref
Explanation
General Journal
Debit
Credit
General Journal
Date
GL Acct#
Posted
Ref
Explanation
General Journal
Debit
Credit
Payroll Journal
DEBIT
Employee
Name
Date
EMPLOYEE:
12
30
12
30
12
30
12
30
Employee 10
Employee 20
Employee 30
Employee 40
Total
Posted
Ref
Acct #
Gross Pay
6500
CREDIT
Federal
Withholding
2150
Medicare
Withheld
(1.45%)
2165
Net Pay
1110
3,200.00
3,500.00
5,000.00
5,500.00
236.00
217.00
851.00
426.00
198.40
217.00
310.00
341.00
46.40
50.75
72.50
79.75
105.00
105.00
60.00
105.00
2,614.20
2,910.25
3,706.50
4,548.25
17,200.00
1,730.00
1,066.40
249.40
375.00
13,779.20
Posted to
Subledger V10
Zero Balance Check:

0=17,200-1,730-1,066.40-249.4-375-13,779.20
FICA
(6.2%)
2160
Medical
Insurance
$80 Single
$140 Married
Firm pays 25%
2100
Payroll Journal
Check No.
1045
1046
1047
1048
Sales Journal
DEBIT
Description
Date
12
12
12
12
12
12
2
5
10
20
28
30
Customer 40
Customer 30
Customer 40
Customer 10
Customer 20
Customer 20
Invoice/
A/R
Credit Memo Subsidiary
#
Acct
1201
1202
1203
1204
1205
CM01
Total
C40
C30
C40
C10
C20
C20
Posted
Ref
CREDIT
Accounts
Receivable
Sales Return
1200
4190
24,000.00
48,000.00
36,000.00
8,000.00
24,000.00
(3,000.00)
3,000.00
137,000.00
3,000.00
Zero Balance Check:

137,000+3,000-140,000 = 0
78,000-78,000 = 0
Sales Journal
COGS
4500
12,000.00
32,000.00
18,000.00
4,000.00
12,000.00
78,000.00
Inventory
Subsidiary
Acct
Posted
Ref
I30
I40
I20
I10
I30
Inventory
1300
12,000.00
32,000.00
18,000.00
4,000.00
12,000.00
Sales
4100
24,000.00
48,000.00
36,000.00
8,000.00
24,000.00
78,000.00
140,000.00
Purchases Journal
DEBIT
Other Acct
Date
Vendor
12
12
2
3
12
12
12
12
12
12
12
15
15
15
30
30
30
Vendor
Invoice #
Inventory
1300
GL Acct #
Vendor 20 - Fixed Asset

V123
Vendor 30
V456
75,000.00
10 Units - Item 10, 10 Units - Item 20, 5 Units-Item 30, 10 Units item 40
Vendor 30
V457
60,000.00
15 Units - Item 40
Repair Bill
V810
Dues
V907
Phone Bill
V654
Accounting Bill
V222
Advertising Bill
VA01
Legal Bill
V723
Total
135,000.00
Zero Balance Check:

0=135,000+38,900-173,900
Purchases Journal
1500
6400
5700
6700
5100
5200
6000
Amount
8,000.00
1,545.00
500.00
355.00
17,000.00
2,500.00
9,000.00
38,900.00
CREDIT
ACCOUNTS PAYABLE - 2100
Posted
Ref
A/P Subs.
Acct #
Amount
V20
V30
8,000.00
75,000.00
V30
60,000.00
V40
V40
V70
V50
V40
V60
1,545.00
500.00
355.00
17,000.00
2,500.00
9,000.00
173,900.00
Posted
Ref
Cash Receipts Journal

DEBIT
Description
Date
Cash
1100
12
12
12
12
12
3
5
10
15
31
Customer 30
Customer 40
Customer 10
Customer 20
Note Payment
Total
60,000.00
35,280.00
20,000.00
25,000.00
2,281.65
142,561.65
CREDIT
Sales Discount
4180
720.00
Accounts Receivable 1200

A/R
Subsidiary
Acct
C30
C40
C10
C20
720.00
Zero Balance Check:

0 = 142,561.65+720-141,000-2281.65
Cash Receipts Journal
Amount
60,000.00
36,000.00
20,000.00
25,000.00
141,000.00
Other Account
Posted
Ref
GL Acct #
1240
Amount
2,281.65
2,281.65
Posted
Ref
Cash Disbursement Journal

CREDIT
DEBIT
Other Accounts
ACCOUNTS PAYABLE - 2100
Date
12
12
12
12
12
12
12
12
12
12
12
12
1
1
5
15
30
30
30
30
30
30
30
30
Check #
2010
2011
2012
2013
2014
2015
n/a
2016
2017
2018
2019
2020
Description
Vendor 30
Loan (Promissory Note)
Insurance (Life, General)
Vendor 30
Freight Bill
Rent
Transfer to Payroll
Federal Withholding
FICA
Medicare
Medical Insurance
First Bank (Note Payable)
Cash
1100
A/P Subs.
Acct #
Amount
Posted
Ref
110,000.00 V30
75,000.00
18,000.00
135,000.00 V30
5,000.00
2,250.00
13,779.20
1,730.00
2,132.80
498.80
500.00 V10
3,638.35
110,000.00
367,529.15
245,375.00
135,000.00
375.00
Amount
Posted
Ref
1240
1410
75,000.00
18,000.00
4800
6300
1110
2150
2160
2165
5800
2700
5,000.00
2,250.00
13,779.20
1,730.00
1,066.40
249.40
125.00
3,238.25
GL Acct #
Amount
Posted
Ref
Zero Balance Check:

0=367,529.15-245,375-120,438.25-1715.90
GL Acct #
Other Accounts
Cash Disbursement Journal
120,438.25
8200
8250
1,066.40
249.40
9000
400.10
1,715.90

Financial Schedulesfinal

Transféré par

Informations du document

Titre original

Copyright

Formats disponibles

Partager ce document

Partager ou intégrer le document

Options de partage

Avez-vous trouvé ce document utile ?

Ce contenu est-il inapproprié ?

Droits d'auteur :

Formats disponibles

Financial Schedulesfinal

Transféré par

Droits d'auteur :

Formats disponibles

Pre-Adjustment Trial Balance

December 31, 2013

Pre-Adjustment Trial Balance

Cash - Operating Account

Allowance for Doubtful Accounts

General Ledger - Students

Fixed Assets - Furniture and Fixtures

General Ledger - Students

Accumulated Depreciation Fixed Assets

Federal Withholding Payable

General Ledger - Students

TX State SUTA Payable

Federal Income Tax Payable

General Ledger - Students

Notes Payable to Banks

Additional Paid-In Capital - CS

General Ledger - Students

General Ledger - Students

Cost of Goods Sold

Shrinkage and Waste

Freight and Handling

General Ledger - Students

General Ledger - Students

Bad Debts Expense

Dues & Subscription

Life Insurance - Administration

General Ledger - Students

Repairs & Maintenance Expense

General Ledger - Students

Salaries and Wages

Telephone & Utilities

Taxes - Federal Income

Taxes - FUTA Expense

Taxes - FICA Expense

General Ledger - Students

General Ledger - Students

Taxes - Medicare Expense

Account Not in Use

Taxes - SUTA Expense

General Ledger - Students

Account Receivable Subsidiary Ledger

Credit Terms: 2/10, Net 30

1 Balance Forward (from November)

Credit Terms: 2/10, Net 30

1 Balance Forward (from October)

Credit Terms: 2/10, Net 30

1 Balance Forward (from November)

Credit Terms: 3/10, Net 30

Balance Forward (from November)

Inventory Subsidiary Ledger

Preferred Vendor: Vendor 30

Preferred Vendor: Vendor 30

Preferred Vendor: Vendor 30

Preferred Vendor: Vendor 30

Fixed Asset Subsidiary Ledger

Straight Line Annual Depreciation

Straight Line Annual Depreciation

Subsidiary Ledger-Fixed Assets

Account Payable Subsidiary Ledger

Credit Terms: Net 30 days

Medical Insurance Vendor

Credit Terms: 2/10, Net 30

Fixed Asset Vendor