v. storyond. Jourmal entries Fon the month of pprtil, 2002 _peseniptions | | pebit | enedit | coshS”*~=<“<~*=s‘~*:CSMS*YSC*«‘C«éR OT Equipment DM. | | 20000 | | copital cul | R0000 | [Guest cosh cartal) n-Q |Renk expense Di. 4 1800 cash on. 4800 ___ Gosment on rrenk> n -40 Imsonance expense pM | 1400 prepaid insurance en. 4400 | Cexpined insurance covermae> 1-3 lorFice surmies Dn. 1000 cosh cn 1000 (Ponchase oFFice surpbies) u -44 |salaties expense DM. 2600 05h oo 1600 |__Gosment. fan salnies> W- cash a Dn g000 Commissions ewmed on. 000 __ (collect commissions) _« sdlaries expense. On. 1600 cash on. 1600 ogrment fon salanies> y -99 TelePhone expense Dit. Fho Cash on FRO Coat nine 3) |GPRCCHSUPPHES © April -30 Repair cash exP. Cexpense fon ternin) ny - 30 J. storrond, wikrdrawals cash | | | Gosh withdnanals> | 7 cash = ® 30000| @) 1800 ® 8000 Q) 1000 @ 1600 1600 FO AO € aK00 Balance 29400 | Expense accounts L __ Insurance expense | ® 1400 | 1400 | Rene eae | 1800 | 4800 | a sre : ____ Repains expense. i SHO 3h0 | TelePhone expense. 70 4h0 ____ salaries expense & 4600 B 4600 | 3200 Df. | 3h0 en | 3h0 DM. | 200 2 | 4am00 | | "68,000 68,000 orsice suppbies @ 1000 prepaid Insvrance 2400 I computer eqviennent ® 20000} Commissions eamed 2000 ly 000 ____ Meome summany / 700 | 8000 “Balance, 00 v. stafford, capital | 400 palance. 0000 | Roo “Balance 2000 v.stoppond, withdrawals — Balance 600| 400U. Shorfond unadygusted Tid Bolance | items Debit | anedit | (Cash | 29,400 office suppbies | 2000 ‘computer equipment | 20000 prepaid insunance | Le |i slorrond, capital | m00 42000 | Oo 70400 U. skorford. : adwusting gourmal. seria Desemipcions | | pebiE | enedib | Insunance. expense Dn. 133 @ prepaid. insurance en. 433 (expired. insponee coverage supplies expense pn. 400 © suppbies as 4oo Cfo necond suprbies used) “pepreciakion expense. mt. oo © Accumulated der on. (70 record. derreciakion) mu solanies expense “pit. 420 ® solamies payable on (@ necaid accnved salaries) 420 unearned commission DI. 1hO © Commission on. | 1ahO (t record vnbilled. commission) |Pa sedond Repaits | Items adobe Trigl ealonee!| tcome skatemenk ee sheet 3 oumerts| | DebiE cred | pebik t eae statement cash 14000 | iE | credit pene | enedit office supplies 4300 | ee | prepaid insurance. 2070 | | Q0n0 Eqipment 0,000 | | | 70,000 Accu. dep, - Eqvipnment | R000 | 7000 pecounts parable | 14,000 44,000 wages payable 600 600 kK.Brown, capital 33000 33000 x. Brown, wibhdrawals ago0o 16000 Repain Fees eamed 209hO 209h0. per. expense - Eqipnmenk 7000 R000 wages expense 3FRO0O 37ROO ansvrtance expense 800 goo Renk expense 40,600 40,600 | oFFice cuppbies Expense 3600 3600 utilities expense 2700 2700 |nek inconne 30,40 30, Fh0 443 RAO 143,50 90,0%0 00,90 98330 83,3h0 —| Items cash office supplies priepaid insurance Equipment Acev. der. - EqIPmenk Accounts payable wages payable kK. Brown, Capital kK Brown, witrdnawals Repair Fees earned Dep. expense -EqWipavent wages expense “Isunance. expense Renb expense OFFice supPhieS expense bilities expense ‘Income. summary a/c. 143, FO \ndcosted. tmial Balance | pebik “| enedit Debit | credit 447000) ——F 4300 | 2070 | 0,000 | F000 24,000 600 33000 16000 307hO 16000 16000 20970 909%0 R000 FOO0O 37h0o0 37h00 300 800 10, 600 410,600 3600 3600 2700 2700 SB 443, RRO %$8,2F0 106 970 | } closing entries post closing. tr B Debit | enedit 14000 1300 | 200 | 0,000 Fooo | ee 600 | 4F4FRO 64,.3h0 6F,2hOsedona Repains closing govrnal enknies | _ wages expense cn. | mmsvnance expense | Rent expense OFFICE SUPPHIES EXP. | ybibities expense =o (10 close expense account) pec.-39 INCOME summary Di. K. Broun, capital cn. | fo close income. summary of6) pec.-34 k, Brown, capibab Dn K. prow”, withdrawals Ch. @ close withdrawals ys ‘pee.-34 Tneome Summany DM. DEP expense en. ron the Year ended pecemben 34,2002 pate | _pescniPtions Dee,-34 |Repaint Fees Dn | Income. summarty en. | (fo dose revenve account» | | Debit | credit | | 20970 | 2029h0 | 60200 R000 | 37h00 | g00 10,600 3600 2700 30 Fh0 307hO 16000 | | 16000 | | 197,900 | 197,900