Question

For the several yean, Stephaneda pa ne controls ay 1.2972 tomuto recedure and to the theme what be undone and correct. 120.00 upples and woment There were notes 12 to treated

Answer 1

Solution ;

                  Journal entries

Date	Particulars	Debit	Credit
Jul 1	Cash	12500
	Account receivable	20800
	Supplies	3100
	Office equipment	7500
	To Common stock		43900
Jul 1	Prepaid rent	4800
	To Cash		4800
Jul 2	Prepaid insurance	4500
	To Cash		4500
Jul 4	Cash	5500
	To Unearned fees		5500
Jul 5	Office equipment	6500
	To Accounts payable		6500
Jul 6	Cash	15300
	To Accounts receivable		15300
Jul 10	Miscellaneous expense	400
	To Cash		400
Jul 12	Accounts payable	5200
	To Cash		5200
Jul 12	Accounts receivable	13300
	To Fees earned		13300
Jul 14	Salary expense	1700
	To Cash		1700
	Page 2
Jul 17	Cash	9450
	To Fees earned		9540
Jul 18	Supplies	600
	To Cash		600
Jul 20	Accounts Receivable	6650
	To Cash		6650
Jul 24	Cash	5000
	To Fees earned		5000
Jul 26	Cash	12000
	To Accounts receivable		12000
Jul 27	Salary expense	1700
	To Cash		1700
Jul 29	Miscellaneous expense	400
	To Cash		400
Jul 31	Miscellaneous expense	675
	To Cash		675

Jul 31	Cash	5200
	To Fees earned		5200
Jul 31	Accounts Receivable	3000
	To Fees earned		3000
Jul 31	Divident	12500
	To Cash		12500

                     

   Ledger a/c

                    Cash a/c

Date	Particulars	Amount	Date	Particulars	Amount
Jul 1	Common stock	12500	Jul 1	Prepaid rent	4800
Jul 4	Unearned fees	5500	Jul 2	Prepaid insurance	4500
Jul 6	Accounts receivable	15300	Jul 10	Miscellaneous	400
Jul 17	Fees earned	9450	Jul 12	Accounts payable	5200
Jul 24	Fees earned	5000	Jul 14	Salary expense	1700
Jul 26	Accounts Receivable	12000	Jul 18	Supplies	600
Jul 31	Fees earned	5200	Jul 20	Accounts Receivable	6650
			Jul 27	Salary expense	1700
			Jul 29	Miscellaneous expense	400
			Jul 31	Miscellaneous expense	675
			Jul 31	Divident earned	12500
				Balance c/d	25825
		64950			64950
	Accounts Receivable
Date	Particulars	Amount	Date	Particulars	Amount
Jul 1	Common stock	20800	Jul 6	Cash	15300
Jul 12	Fees earned	13300	Jul 26	Cash	12000
Jul 20	Cash	6650
Jul 31	Fees earned	3000		Balance c/d	16450
		43750			43750
	Supplies
Date	Particulars	Amount	Date	Particulars	Amount
Jul 1	Common stock	3100
Jul 18	Cash	600		Balance c/d	3700
		3700			3700
	Prepaid Rent
Date	Particulars	Amount	Date	Particulars	Amount
Jul 1	Cash	4800
				Balance c/d	4800
		4800			4800
	Prepaid insurance
Date	Particulars	Amount	Date	Particulars	Amount
Jul 2	Cash	4500
				Balance c/d	4500
		4500			4500
	Office equipment
Date	Particulars	Amount	Date	Particulars	Amount
Jul 1	Common stock	7500
Jul 5	Accounts payable	6500		Balance c/d	14000
		14000			14000
	Accounts payable
Date	Particulars	Amount	Date	Particulars	Amount
Jul 12	Cash	5200	Jul 5	Office equipment	6500
	Balance c/d	1300
		6500			6500
	Salary expense
Date	Particulars	Amount	Date	Particular	Amount
Jul 14	Cash	1700
Jul 27	Cash	1700		Balance c/d	3400
		3400			3400
	Unearned fees
Date	Particulars	Amount	Date	Particulars	Amount
			Jul 4	Cash	5500
	Balance c/d	5500
		5500			5500
	Fees earned
Date	Particulars	Amount	Date	Particulars	Amount
			Jul 12	Accounts Receivable	13300
			Jul 17	Cash	9450
			Jul 24	Cash	5000
			Jul 31	Cash	5200
	Balance c/d	35950	Jul 31	Accounts Receivable	3000
		35950			35950
	Common stock
Date	Particulars	Amount	Date	Particulars	Amount
			Jul 1	Cash	12500
			Jul 1	Accounts Receivable	20800
			Jul 1	Office equipments	7500
	Balance c/d	43900	Jul 1	Supplies	3100
		43900			43900
	Miscellaneous expense
Date	Particulars	Amount	Date	Particulars	Amount
Jul 10	Cash	400
Jul 29	Cash	400
Jul 31	Cash	675		Balance c/d	1475
Jul 31

                                                       1475                                                                   1475

                   Adjusted trial balance

Particulars	Debit	Credit
Cash	25825
Accounts Receivable	16450
Supplies	3700
Office equipment	14000
Common stock		43900
Prepaid Rent	4800
Prepaid insurance	4500
Unearned fees		5500
Accounts payable		1300

Fees earned		35950
Miscellaneous expense	1475
Salary expense	3400
Divident	12500
	86650	86650