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11/1 Cinta cita deposited Rp. 25.000.000 In a bank account in the name of SolusiNet.
11/5 SolusiNet paid Rp. 20.000.000 for the purchase of land as a future building site.
11/10 SolusiNet Purchased supplies on account for Rp. 1.350.000
11/18 SolusiNet received cash of Rp.7.500.000 from customers for services provided.
11/30 SolusiNet Incurred the following expenses : wages Rp. 2.125.000; rent Rp.
800,000; utilities Rp. 450.000; and miscellaneous Rp. 275.000
11/30 SolusiNet paid creditors on account Rp. 950.000,-
11/30 Cinta Cita determined that the cost of supplies on hand at November 30 was Rp.
550,000,-
11/30 Cinta Cita withdrew Rp. 2.000.000 from SolusiNet for personal use.
JOURNAL Page : 1
Date Description Post. Debit Credit
Ref.
Nov 1 Cash 11 25.000.000
Cinta Cita, Capital 31 25.000.000
5 Land 17 20.000.000
Cash 11 20.000.000
10 Supplies 14 1.350.000
Accounts Payable 21 1.350.000
18 Cash 11 7.500.000
Fees Earned 41 7.500.000
1 Cash 11 360.000
Unearned Rent 23 360.000
16 Cash 11 3.100.000
Fees Earned 41 3.100.000
21 Cash 11 650.000
Accounts Receivable 12 650.000
23 Supplies 14 1.450.000
Cash 11 1.450.000
JOURNAL Page : 1
Date Description Post. Debit Credit
Ref.
Dec 31 Utilities Expense 54 225.000
Cash 11 225.000
31 Cash 11 2.870.000
Fess Earned 41 2.870.000
1. CASH
25.000.000 20.000.000
7.500.000 3.650.000
360.000 950.000
3.100.000 2.000.000
650.000 2.400.000
2.870.000 800.000
180.000
400.000
950.000
900.000
1.450.000
1.200.000
310.000
225.000
2.000.000
2. ACC. RECEIVABLE
1.750.000 650.000
1.120.000
3. SUPPLIES
1.350.000 800.000
1.450.000
4. PREPAID INSURANCE
2.400.000
5. LAND
20.000.000
6. OFFICE EQUIPMENT
1.800.000
7. ACC. PAYABLE
950.000 1.350.000
400.000 1.800.000
900.000
8. UNEARNED RENT
360.000
NetSolutions
Work Sheet
For the Two Month Ended December 31, 2017
Account Title Trial Balance
Cash 2,065
Accounts Receiva 2,220
Supplies 2,000
Prepaid Insurance 2,400
Land 20,000
Office Equipment 1,800
Accounts Payable 900
Unearned Rent 360
Chris Clark,Capita 25,000
Chris Clark, Drawi 4,000
Fees Earned 16,340
Wages Expense 4,275
Rent Expense 1,600
Utilities Expense 985
Supplies Expense 800
Miscell. Expense 455
42.600 42.600
NetSolutions
Work Sheet
For the Two Month Ended December 31, 2017
Account Title Trial Balance Adjustments Adjustments Income Balance
Trial Balance Statement Sheet
Cash 2,065
Accounts Receiva 2,220
Supplies 2,000
Prepaid Insurance 2,400
Land 20,000
Office Equipment 1,800
Accounts Payable 900
Unearned Rent 360
Chris Clark,Capita 25,000
Chris Clark, Drawi 4,000
Fees Earned 16,340
Wages Expense 4,275
Rent Expense 1,600
Utilities Expense 985
Supplies Expense 800
Miscellan.Expense 455
42.600 42.600
Adjustments :
a. The supplies account has a debit balance of $ 2,000. The cost of the supplies on hand et
the end of the period is $ 760
b. The prepaid insurance account has a debit balance of $ 2,400, which represents the
prepayment of insurance for 24 months beginning December 1. Thus, the insurance
expense for December is $ 100 (2,400:24).
c. the unearned rent account has a credit balance of $360. Which represents the receipt of
three months’ rent, beginning with December.Thus the rent revenue for December is
$120.
d. Wages accrued but not paid at the end of December total $250. This amount is an
increase in expenses and an increase in liabilities.
e. Fees accrued at the end of December but not recorded total $500.
f. Depreciation of the office equipment is $ 50 for December.
J O U R N A L Adjusting Entries
Page : 1
Date Description Ref Debit Credit
Dec.
31 Supplies Expense 1,240
Supplies 1,240
31 Depreciation Expense 50
Accumulated Dep.- 50
Off.Equipment
NetSolutions
Work Sheet
For the Two Month Ended December 31, 2017
Account Title Trial Balance Adjustments Adjustments Income Balance
Trial Balance Statement Sheet
Cash 2,065
Accounts Receiva 2,220 500
Supplies 2,000 1,240
Prepaid Insurance 2,400 100
Land 20,000
Office Equipment 1,800
Accounts Payable 900
Unearned Rent 360 120
Chris 25,000
Clark,Capita
Chris Clark, Draw 4,000
Fees Earned 16,340 500
Wages Expense 4,275 250
Rent Expense 1,600
Utilities Expense 985
Supplies Expense 800 1.240
Miscell. Expense 455
42.600 42.600
Insurance 100
Expense
Rent Revenue 120
Wages Payable 250
Dep. Expense 50
Acc.Depreciation 50
2,260 2,260