Journal Entry | |||||
Events | Particulars | Debit | Credit | ||
a) | Cash | $ 40,000.00 | |||
To Capital | $ 40,000.00 | ||||
b) | Rent Expense | $ 6,000.00 | |||
To Cash | $ 6,000.00 | ||||
c) | Supplies | $ 3,200.00 | |||
To Accounts Payable | $ 3,200.00 | ||||
d) | Accounts Payable | $ 1,750.00 | |||
To Cash | $ 1,750.00 | ||||
e) | Cash | $ 18,250.00 | |||
Fees Earned | $ 18,250.00 | ||||
f) | Automobile Expense | $ 1,880.00 | |||
Miscellaneous Expense | $ 420.00 | ||||
To Cash | $ 2,300.00 | ||||
g) | Office Salaries Expense | $ 5,000.00 | |||
To Cash | $ 5,000.00 | ||||
h) | Supplies Expense | $ 1,400.00 | |||
To Supplies | $ 1,400.00 | ||||
i) | Drawings | $ 2,000.00 | |||
To Cash | $ 2,000.00 | ||||
Cash | Capital | Rent Expense | Supplies | |||||||||||||||
a) | $ 40,000.00 | b) | $ 6,000.00 | End. Bal | $ 40,000.00 | a) | $ 40,000.00 | b) | $ 6,000.00 | End. Bal | $ 6,000.00 | c) | $ 3,200.00 | h) | $ 1,400.00 | |||
e) | $ 18,250.00 | d) | $ 1,750.00 | End. Bal | $ 1,800.00 | |||||||||||||
f) | $ 2,300.00 | |||||||||||||||||
g) | $ 5,000.00 | |||||||||||||||||
i) | $ 2,000.00 | |||||||||||||||||
End. Bal | $ 41,200.00 | |||||||||||||||||
Accounts Payable | Fees Earned | Automobile Expense | Miscellaneous Expense | |||||||||||||||
d) | $ 1,750.00 | c) | $ 3,200.00 | End. Bal | $ 18,250.00 | e) | $ 18,250.00 | f) | $ 1,880.00 | End. Bal | $ 1,880.00 | f) | $ 420.00 | End. Bal | $ 420.00 | |||
End. Bal. | $ 1,450.00 | |||||||||||||||||
Office Salaries Expense | Supplies Expense | Drawings | ||||||||||||||||
g) | $ 5,000.00 | End. Bal | $ 5,000.00 | h) | $ 1,400.00 | End. Bal | $ 1,400.00 | i) | $ 2,000.00 | End. Bal | $ 2,000.00 |
3) | Unadjusted Trial Balance | ||||
Particulars | Debit | Credit | |||
Cash | $ 41,200.00 | ||||
Supplies | $ 1,800.00 | ||||
Accounts Payable | $ 1,450.00 | ||||
Capital | $ 40,000.00 | ||||
Drawings | $ 2,000.00 | ||||
Fees Earned | $ 18,250.00 | ||||
Rent Expense | $ 6,000.00 | ||||
Automobile Expense | $ 1,880.00 | ||||
Miscellaneous Expense | $ 420.00 | ||||
Office Salaries Expense | $ 5,000.00 | ||||
Supplies Expense | $ 1,400.00 | ||||
$ 59,700.00 | $ 59,700.00 |
4) | |||
a) | Total Revenue | $ 18,250.00 | |
b) | Total Expense | $ 14,700.00 | |
c) | Net Income | $ 3,550.00 | |
5) | Owner's Equity | $ 40000 + $ 3550 - $ 2000 | |
= | $ 41,550.00 |
zing Transactions OBJ. 1, 2, 3, 4 PR 2-2A Journal entries and trial balance On January...
OBJ. 1, 2, 3, 4 PR 2-2A Journal entries and trial balance On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the following transactions during the month: a. Sharon Matthews transferred cash from a personal bank account to an account used for the business, $40,000. b. Paid rent on office and equipment for the month, $6,000. c. Purchased supplies on account, $3,200. d. Paid creditor on account, $1,750. e. Earned fees, receiving cash, $18,250. f. Paid automobile expenses...
PR 2-2A Journal entries and trial balance OBJ. 1, 2, 3, 4 On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the following transactions during the month: a. Sharon Matthews transferred cash from a personal bank account to an account to be used for the business, $40.000. b. Paid rent on office and equipment for the month, $6,000. c. Purchased supplies on account, $3,200. d. Paid creditor on account, $1,750. e. Earned fees, receiving cash, $18.250. f. Paid...
Chapter 2 Analyzing Transactions $3,550 Excel General Ledger Show Me How PR 2-2A Journal entries and trial balance OBJ. 1, 2, 3, 4 On January 1, 2019, Sharon Matthews established TH-City Realty, which completed the following transactions during the month: a. Sharon Matthews transferred cash from a personal bank account to an account to be used for the business, $40,000. b. Paid rent on office and equipment for the month, $6,000. c. Purchased supplies on account, $3,200. d. Paid creditor...
Journal Entries and Trial Balance On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the following transactions during the month: Sharon Matthews transferred cash from a personal bank account to an account to be used for the business, $20,000. Paid rent on office and equipment for the month, $3,740. Purchased supplies on account, $1,110. Paid creditor on account, $410. Earned fees, receiving cash, $17,000. Paid automobile expenses (including rental charge) for month, $1,040, and miscellaneous expenses, $700. Paid...
Journal Entries and Trial Balance On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the following transactions during the month: a. Sharon Matthews transferred cash from a personal bank account to an account to be used for the business, $31,000. b. Paid rent on office and equipment for the month, $5,730. C. Purchased supplies on account, $1,690. d. Paid creditor on account, $620. e. Eamed fees, receiving cash, $26,040. f. Paid automobile expenses (including rental charge) for month,...
Journal entries and trial balance Instructions Chart of Accounts 1 Journal T Accounts Instructions On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the following transactions during the month: 1 4 5 6 Sharon Matthews transferred cash from a personal bank account to an account to be used for the business, $30,500. Paid rent on office and equipment for the month, $2,650. Purchased supplies on account, $2,200. Paid creditor on account, $900. Earned fees, receiving cash, $14,660. Paid...
✓ 4. c. $4,550 General Ledges SHOW ME HOW PR 2-2A Journal entries and trial balance OBJ. 1, 2, 3, 4 On August 1, 2016, Bill Hudson established Heritage Realty, which completed the fol- lowing transactions during the month: a. Bill Hudson transferred cash from a personal bank account to an account to be used for the business, $30,000. b. Paid rent on office and equipment for the month, $3,250. c. Purchased supplies on account, $2,150. d. Paid creditor on...
eBook 34 Show Me How She Calculator Journal Entries and Trial Balance On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the following transactions during the month: a. Sharon Matthews transferred cash from a personal bank account to an account to be used for the business, $20,000. b. Paid rent on office and equipment for the month $3,740. . Purchased supplies on account, $1,110. d. Paid creditor on account, $410. e. Eamed fees, receiving cash, $17,000. f. Paid...
I just need the balance sheet.
I dont understand why my assets dont equal my Liabilities and
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UDJ. 1, 2, 3, 4 PR 2-2A Journal entries and trial balance On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the following transactions during the month: a. Sharon Matthews transferred cash from a personal bank account to an account to be used for the business, $40,000. b. Paid rent on office and equipment for the month, $6,000. C. Purchased...
On January 1, 2019, Sharon Matthews established Tri-City Realty,
which completed the following transactions during the month:
Jan.
1
Sharon Matthews transferred cash from a personal bank account
to an account to be used for the business, $40,000.
2
Paid rent on office and equipment for the month, $6,000.
3
Purchased supplies on account, $3,200.
4
Paid creditor on account, $1,750.
5
Earned fees, receiving cash, $18,250.
6
Paid automobile expenses (including rental charge) for month,
$1,880, and miscellaneous expenses,...