Question

Just need ledger for jornal and journal adjustment ledger and journal closing entry ledger

JUST NEED THE LEDGERS

Table of content 1. Journal / . Ledger Umale A 3. Unadjusted trial balance 4. Journal -adjustment- 5. Ledger 5 6. Adjusted trial balance * Worksheet 3 8. Financial statement 9 Journal - closing entry 10. ledger 11. Post closing trial balance

Answer 1

CASH A/C

Particulars	Debit	Particulars	Credit
Common Stock	20,000	Prepaid Rent	6,000
Unearned Fees	9,400	Prepaid Insurance	4,200
Accounts Receivable	11,700	Miscellaneous Expense	350
Fees Earned	6,600	Accounts Payable	6,400
Fees Earned	4,450	Salary Payable	1,650
Accounts Receivable	26,500	Supplies	725
Fees Earned	5,160	Salary Payable	1650
		Miscellaneous expense	540
		Miscellaneous expense	760
		Dividend	18,000
		Closing Balance	43,535
TOTAL	83,810	TOTAL	83,810

ACCOUNTS RECEIVABLE A/C

Particulars	Debit	Particulars	Credit
Common Stock	14,700	Cash	11,700
Fees Earned	21,900	Cash	26,500
Fees Earned	16,800	Closing Balance	17,790
Fees Earned	2,590
TOTAL	55,990	TOTAL	55,990

SUPPLIES A/C

Particulars	Debit	Particulars	Credit
Common Stock	3,300	Supplies Expense	4,025
Cash	725
TOTAL	4,025	TOTAL	4,025

PREPAID RENT A/C

Particulars	Debit	Particulars	Credit
Cash	6,000	Rent expense	2000
		Closing Balance	4,000
TOTAL	6,000	TOTAL	6,000

PREPAID INSURANCE A/C

Particulars	Debit	Particulars	Credit
Cash	4,200	Insurance expense (assuming 12 months policy)	350
		Closing Balance	3,850
TOTAL	4,200	TOTAL	4,200

OFFICE EQUIPMENT A/C

Particulars	Debit	Particulars	Credit
Common Stock	12,000	Closing balance	20,000
Accounts Payable (Smith Office Supply Co.)	8,000
TOTAL	20,000	TOTAL	20,000

ACCUMULATED DEPRECIATION A/C

Particulars	Debit	Particulars	Credit
-	-	-	-

ACCOUNTS PAYABLE A/C

Particulars	Debit	Particulars	Credit
Cash	6,400	Office Equipment (Smith Office Supply Co.)	8,000
Closing Balance	1,600
TOTAL	8,000	TOTAL	8,000

SALARIES PAYABLE A/C

Particulars	Debit	Particulars	Credit
Cash	1,650	Salary Expense	3300
Cash	1,650
TOTAL	3,300	TOTAL	3,300

UNEARNED FEES A/C

Particulars	Debit	Particulars	Credit
Closing Balance	9,400	Cash	9,400
TOTAL	9,400	TOTAL	9,400

COMMON STOCK A/C

Particulars	Debit	Particulars	Credit
Opening Balance	50,000	Cash	20,000
		Accounts Receivable	14,700
		Supplies	3,300
		Office equipment	12,000
TOTAL	50,000	TOTAL	50,000

RETAINED EARNINGS A/C

Particulars	Debit	Particulars	Credit
Closing Balance	28,175	Profit and Loss	28,175
TOTAL	28,175	TOTAL	28,175

DIVIDENDS A/C

Particulars	Debit	Particulars	Credit
Cash	18,000	Profit and Loss	18,000
TOTAL	18,000	TOTAL	18,000

FEES EARNED A/C

Particulars	Debit	Particulars	Credit
Profit and Loss	57,500	Accounts Receivable	21,900
		Cash	6,600
		Accounts Receivable	16,800
		Cash	4,450
		Cash	5,160
		Accounts Receivable	2,590
TOTAL	57,500	TOTAL	57,500

SALARIES EXPENSE A/C

Particulars	Debit	Particulars	Credit
Salaries Payable	3,300	Profit and Loss	3,300
TOTAL	3,300	TOTAL	3,300

SUPPLIES EXPENSE A/C

Particulars	Debit	Particulars	Credit
Supplies	4,025	Profit and Loss	4,025
TOTAL	4,025	TOTAL	4,025

RENT EXPENSE A/C

Particulars	Debit	Particulars	Credit
Prepaid rent	2000	Profit and Loss	2000
TOTAL	2000	TOTAL	2000

DEPRECIATION EXPENSE A/C

Particulars	Debit	Particulars	Credit
-	-	-	-

INSURANCE EXPENSE A/C

Particulars	Debit	Particulars	Credit
Prepaid Insurance	350	Profit and Loss	350
TOTAL	350	TOTAL	350

MISCELLANEOUS EXPENSE A/C

Particulars	Debit	Particulars	Credit
Cash	350	Profit and Loss	1,650
Cash	540
Cash	760
TOTAL	1,650	TOTAL	1,650

PROFIT AND LOSS A/C

Particulars	Debit	Particulars	Credit
Supplies Expense	4,025	Fees Earned	57,500
Insurance Expense	350
Rent expense	2,000
Salary Expense	3,300
Dividend paid	18,000
Miscellaneous Expense	1,650
Retained Earnings	28,175
TOTAL	57,500	TOTAL	57,500

Note : Since the accounts are for only 1 month, the depreciation has not been calculated.