Journal Entries | |||
(a) | Cash A/c Dr. | 20000 | |
To Sharon Matthews Capital A/c | 20000 | ||
(b) | Rent Expenses Dr. | 3740 | |
To Cash | 3740 | ||
© | Supplies A/C Dr. | 1110 | |
To Account Payable A/C | 1110 | ||
(d) | Account Payable Dr. | 410 | |
To Cash | 410 | ||
( e ) | Cash A/C Dr. | 17000 | |
To Income A/c | 17000 | ||
(f) | Automobile exp. Dr. | 1040 | |
Miscellaneous exp Dr. | 700 | ||
To Cash | 1740 | ||
( g) | Salary A/c Dr. | 2180 | |
To Cash | 2180 | ||
(h) | Supplies exp Dr | 610 | |
To Supplies | 610 | ||
(i) | Sharon Matthews Drawing Dr | 1000 | |
To Cash | 1000 | ||
LEDGER | |||
CASH A/C | |||
Particulars | Amount | Particulars | Amount |
To Sharon Matthews Capital A/c | 20000.00 | By Rent Expenses | 3740.00 |
To Fees Earned A/c | 17000.00 | By Account Payable | 410.00 |
By Automobile exp. | 1040.00 | ||
By Miscellaneous exp | 700.00 | ||
By Salary A/c | 2180.00 | ||
By Sharon Matthews Drawing | 1000.00 | ||
By Balance C/D | 27930.00 | ||
37000.00 | 37000.00 | ||
SHARON MATTHEWS CAPITAL A/C | |||
To Balance C/D | 20000.00 | By Cash | 20000.00 |
FEES EARNED A/C | |||
To Balnce C/D | 17000.00 | By Cash | 17000.00 |
RENT EXPENSES | |||
To Cash | 3740.00 | By Balance C/D | 3740.00 |
AUTOMOBILE EXP A/C | |||
To Cash | 1040.00 | By Balance C/D | 1040.00 |
Miscellaneous exp A/C | |||
To Cash | 700.00 | By Balance C/D | 700.00 |
SALARY A/C | |||
To Cash | 2180.00 | By Balance C/D | 2180.00 |
Sharon Matthews Drawing A/C | |||
To Cash | 1000.00 | By Balance C/D | 1000.00 |
SUPPLIES A/C | |||
To Account Payable | 1110 | By Supplies exp. | 610 |
By Balance C/D | 500 | ||
1110 | 1110 | ||
ACCOUNT PAYABLE A/C | |||
To cash | 410 | By Supplies | 1110 |
To Balance C/D | 700 | ||
1110 | 1110 | ||
Supplies Exp A/C | |||
To Supplies | 610 | By Balance C/D | 610 |
Trial Balance | |||
DR | CR | ||
Cash | 27930 | ||
Supplies | 500 | ||
Account Payable | 700 | ||
Capital | 20000 | ||
Drawing | 1000 | ||
Fees Earned | 17000 | ||
Rent Expenses | 3740 | ||
Office Salary | 2180 | ||
Automobile Exp | 1040 | ||
Supplies Exp | 610 | ||
Miscellaneous Exp | 700 | ||
37700 | 37700 | ||
eBook 34 Show Me How She Calculator Journal Entries and Trial Balance On January 1, 2019,...
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...
Calculator eBook 34 Show Me How Journal entries and trial balance Chart of Accounts Journal | TAccounts Unadjusted Trial Balance Final Custom Instructions Jan 1 Sharon Matthews transferred cash from a personal bank account to an account to be used for the business, $10,000 2 3 4 5 6 Paid rent on office and equipment for the month, 56000 Purchased supplies on account, $3,200 Paid creditor on account, $1,750 Earned fees, receiving cash, 818,250 Paid automobile expenses (including rental charge)...
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...
Journal T Accounts Unadjusted Trial Balance Final Questions On January 1, 2019, Sharon Matthews ostablished 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 Eamed fees, receiving cash, $18,250. 6 Paid automobile expenses (including...
Journal Entries and Trail Balance the 25.000 On January 1, 2019, Sharon Matthews established hi-ty Realty, which completed the transactions a. Sharon Matthews transferred cash from a personal bank account to a ccount to be used for the bu s b. Pald rent on office and equipment for the month $4.50 Purchased Succes on account 51.350 d. Pald creditor on account, $500 e. Carned fees, receiving cash, 520,750. L. Paid automobile expenses (including rental charge) for month $1.270, w miscellaneous...
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,...
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...
zing Transactions 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 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....
question 4 & 5 k Show Me How Calculator Instructions Chart of Accounts Journal T Accounts V E nstructions Jan. 1 2 3 Sharon Matthews transferred cash from a personal bank account to an account to be used for the business, $40,000 Paid rent on office and equipment for the month, $6,000. Purchased supplies on account, $3,200. Paid creditor on account, $1,750. Earned fees, receiving cash, $18,250. Paid automobile expenses (including rental charge) for month, $1,880, and miscellaneous expenses, 4...
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...