Académique Documents
Professionnel Documents
Culture Documents
General Journal
Date
Account Titles and Explanation
Dec. 1 Cash
Dosler Capital
Owner Contribution.
1 Equipment
Cash
Paid cash for equipment.
12,000
1 Pre-paid insurance
Cash
Purchased pre-paid insurance with cash.
2,000
9 Land
22,000
12,000
2,000
Cash
Paid cash for land.
22,000
10 Office Supplies
Accounts Payable
Purchased office supplies on account.
3,300
19 Cash
25,000
3,300
Notes Payable
Received cash in exchange for notes payable.
25,000
22 Advertising expenses
Cash
Paid cash for advertising expenses.
800
26 Accounts Payable
Cash
Paid cash on account.
1,000
28 Utilities Expense
Utilities Payable
Received utility bill.
320
31 Service Revenue
Cash
Accounts Receivable
800
1,000
320
11,200
10,000
1,200
31 Salaries Expense
Rent Expense
Cash
Paid salaries expense and rent expense.
2,100
950
31 Cash
2,400
Unearned Revenue
3,050
2,400
Ty Bullough
General Journal
7,000
31 Supplies Expense
Office Supplies
To record office supplies used.
1,000
31 Depreciation Expense
Accumulated Depreciation Equipment
400
31 Insurance Expense
Pre-paid insurance
To record insurance expired
500
31 Interest Expense
Interest Payable
To record interest accrued on account
100
31 Service Revenue
Income Summary
To close revenue
11,200
31 Income Summary
Salaries Expense
Rent Expense
Utilities Expense
Advertising Expenses
Supplies Expense
Insurance Expense
Interest Expense
Depreciation Expense Equipment
To close expenses
6,170
31 Income Summary
Dosler Capital
To close Income Summary
5,030
31 Dosler Capital
Dosler Withdrawals
To close withdrawals
7,000
7,000
1,000
400
500
100
11,200
2,100
950
320
800
1,000
500
100
400
5,030
7,000
Ty Bullough
Cash
Dec. 1 60,000
Dec. 19 25,000
Dec. 31 10,000
Dec. 31 2,400
12,000
2,000
22,000
800
1,000
7,000
3,050
Accts. Rec
Dec. 1
Dec. 1
Dec. 9
Dec. 22
Dec. 26
Dec. 31
Dec. 31
Bal. 49550
Equipment
Office Supplies
Dec. 31 1,200
Dec. 10 3,300
Bal. 1,200
Bal. 2,300
Dec. 9 22,000
Bal. 12,000
400 Bal.
Bal. 22,000
Interest Payable
500 Dec. 31
Bal. 1,500
Accounts Payable
Dec. 26 1,000
3,300 Dec. 10
2,300 Bal.
Unearned Revenue
Notes Payable-Dosler
320 Dec. 28
100 Dec. 31
2,400 Dec. 31
25,000 Dec. 19
320 Bal.
Bal. 100
2,400 Bal.
25,000 Bal.
Capital-Dosler
60,000 Dec. 1
Clos. 4 7,000
Dec. 1 2,000
Land
Dec. 1 12,000
Utilities Payable
1,000 Dec. 31
Prepaid Insurance
60,000 Adj.Bal.
5,030 Clos. 3
Withdrawals
Dec. 31 7,000
Service Revenue
Dec. 31 11,200
Dec. 31 2,100
11,200 Clos. 1
0 Bal.
Bal. 7,000
Salaries Expense
2,100 Clos. 2
Bal. 0
Bal. 58,030
Rent Expense
Dec. 31 950
Utilities Expense
Dec. 28 320
950 Clos. 2
Bal. 0
Insurance Expense
Dec. 31 100
Dec. 31 1,000
1,000 Clos. 2
Bal. 0
100 Clos. 2
Bal. 0
Supplies Expense
800 Clos. 2
Bal. 0
Interest Expense
500 Clos. 2
Bal. 0
Dec. 22 800
320 Clos. 2
Bal. 0
Dec. 31 500
Advertising Expense
Income Summary
Clos. 2 6,170
11,200 Clos. 1
400 Clos. 2
Bal. 0
5030 Bal.
Clos. 3 5030
0 Bal.
Ty Bullough
Account Title
Cash
Accounts Receivable
Office Supplies
Pre-paid insurance
Equipment
Accumulated Depreciation Equipment
Land
Accounts Payable
Utilities Payable
Interest Payable
Unearned Revenues
Notes Payable-Dosler
Dosler Capital
Dosler Withdrawals
Service Revenue
Salaries Expense
Rent Expense
Utilities Expense
Advertising Expenses
Debits
$ 49550
1,200
3,300
2,000
12,000
Total
$ 101220
Credits
22,000
$ 2,300
320
2,400
25,000
60,000
7,000
11,200
2,100
950
320
800
$ 101220
Ty Bullough
Account Title
Cash
Accounts Receivable
Office Supplies
Pre-paid insurance
Equipment
Accumulated Depreciation Equipment
Land
Accounts Payable
Utilities Payable
Interest Payable
Unearned Revenues
Notes Payable-Dosler
Dosler Capital
Dosler Withdrawals
Service Revenue
Salaries Expense
Rent Expense
Utilities Expense
Advertising Expenses
Supplies Expense
Insurance Expense
Interest Expense
Depreciation Expense Equipment
Debits
$ 49,550
1,200
2,300
1,500
12,000
Total
$ 101720
Credits
$ 400
22,000
2,300
320
100
2,400
25,000
60,000
7,000
11,200
2,100
950
320
800
1,000
500
100
400
$ 101720
Income Statement
Revenues:
Service Revenue
Expenses:
Salaries Expense
Rent Expense
Utilities Expense
Advertising Expenses
Supplies Expense
Insurance Expense
Interest Expense
Depreciation Expense Equipment
Total Expenses
Net Income
$ 11,200
$ 2,100
950
320
800
1,000
500
100
400
6,170
$ 5,030
Ty Bullough
$0
60,000
5,030
65,030
(7000)
58030
Owner Withdrawal
Dosler Capital, December 31
Classified Balance Sheet
Assets
Current Assests:
Cash
Accounts Receivable
Office Supplies
Pre-paid insurance
Total Current Assets
Plant Assetts:
Equipment
Less: Accumulated Depreciation Equipment
Land
Total Plant Assets
Total Assets
Liabilities
Current Liabilities:
Accounts Payable
Utilities Payable
Interest Payable
Unearned Revenues
Total Current Liabilities
Long Term Liabilities:
Notes Payable-Dosler
Total Liabilities
Owners Equity
Dosler, Capital
Total Liabilities and Owners Equity
$ 49,550
1,200
2,300
1,500
$ 6,8050
$ 12,000
(400)
11,600
22,000
33600
$ 88150
$ 2,300
320
100
2,400
$ 5120
25,000
$ 30,120
58,030
$ 88150
Ty Bullough
Cash
Accounts Receivable
Office Supplies
Prepaid Insurance
Equipment
Accumulated Depreciation Equipment
Land
Accounts Payable
Utilities Payable
Interest Payable
Unearned Revenue
Notes Payable-Dosler
Dosler, Capital
$ 49550
1,200
2,300
1,500
12,000
$ 400
22,000
$ 88550
2,300
320
100
2,400
25,000
58,030
$ 88550