AC2799 Wk2 Exercisehgfy - Journal ACCOUNTS AND EXPLANATIONS...

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Journal DATE POST. DEBIT CREDIT REF. Dec 1 Rent Expense 2,500 Cash 2,500 Utilities Expense 450 Cash 450 Accounts Payable 125 Cash 125 Cash 12500 Note Payable 12500 Office Supplies 250 Accounts Payable 250 Dec. 12 Cash 500 500 Cash 750 Accounts receivable 750 Sales 1,500 Dec 5 Accounts Payable 6000 Cash 6000 Purchase - Trees 20000 Accounts payable 20000 Cash 1000 Accumulated Depreciation 3,500 Equipment 1 4,000 500 ACCOUNTS AND EXPLANATIONS Accounts Receivable Gain on sale of Equipment
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Purchase - Bushes 7,000 Cash 7,000
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Trial Balance Transactions Updated Trial Balance Debit Credit Debit Credit Debit Credit Cash – Checking $ $38,886 14,750 16,075 $37,561 Accounts Receivable $ $38,125 750 500 $38,375 Purchases-Tree inventory $ $344,105 20000 $364,105 Purchases-Bush inventory $ $199,250 7,000 $206,250 Purchases-Mulch inventory $ $96,600 $96,600 Land $ $172,000 $172,000 Building $ $235,000 $235,000 Equipment 1 $ $4,000 4,000 Accumulated Depreciation—Equipment 1 $3,500 3,500 2010 Equipment 2 $ $12,000 $12,000 2009 Truck $ $24,000 $24,000 Back Hoe $ $8,000 $8,000 Trailer $ $4,000 $4,000 Accumulated Depreciation—Trailer $ $1,600 $1,600 Accumulated Depreciation—Back Hoe 0 Accumulated Depreciation—Truck 0 Accumulated Depreciation—Equipment 2 $ $2,000 $2,000 Utility expense $ $8,900 450 $9,350
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