Bright Landscapes JE -...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
Bright Landscapes Practice Set Workpapers Sheet 1 General Journal Date: Account Name: Acct. #     Debit     Credit July. 2 Cash 101  75,000  Common Stock 301  50,000  PIC 305  25,000  July. 2 Rent Expense 517  310  Cash 101  310  July. 2 Merchandise Inventory 120  13,500  Cash 101  13,500  July. 5 Paid on Notes Payable 245  10,000  Accrued Interest Payable 221  3,300  Cash 101  13,300  July. 5 Office Supplies Expense 135  1,000  Accounts Payable - Chesterfield 210  1,000  (2/20, n/30) Invoice #9172 July. 10 Accounts Receivable - Higgins 110  4,400  (2/15, n/30) Invoice #1941 Sales Revenue 401  4,400  July. 10 Utilities Expense 514  250  * Cash 101  250  July. 15 Accounts Receivable - Logan 110  18,000  (2/10, n/60) Sales Revenue 401  18,000  July. 22 Accounts Payable - Chesterfield 210  980  (2/20, n/30) Invoice #9172 Sales Discount 403  20  Cash 101  1,000  July. 24 Cash 101  4,400  Accounts Receivable - Higgins 110  4,400  (2/15, n/30) Invoice #1941 July. 28 Cash 101  9,159  Accounts Receivable - Watson 110  9,159 
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
(2/10, n/30) July. 31 Cash 101  4,250  Sales Revenue 401  4,250   144,569   144,569  Totals General Journal for Adjusting Entries: Date: Account Name: Acct. #        Debit      Credit July. 31 July Interest Expense on N/P 522  550  One month Interest Payable on N/P 221  550  July. 31 One month Prepaid Office Rent Expense 517 One month prepaid office rent 131 July. 31 Insurance Expense for one month 516  194  One month of prepaid insurance 130  194  July. 31 Office supplies Expense 518  1,055  Office supplies 135  1,055  July. 31 Bad Debt Expense 513  9,000  Allowance for bad debts 111  9,000  July. 31 Cost of Goods Sold 501  14,000  Merchandise Inventory 120  14,000  July. 31 Depreciation Expense 511  1,027  Accumulated Depreciation 170  1,027   25,826   25,826  Totals
Background image of page 2
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
General Ledger Accounts: Cash Acct. # 101 Date: Explanation   Debit   Credit 30-Jun Balance July. 2 Sold C/S GJ1 75,000 July. 2 Paid Rent GJ1 310 July. 2 Bought Merch. Inventory GJ1 13,500 July. 5 Paid on N/P including accumulated Interest GJ1 13,300 July. 10 Paid Utility Expense GJ1 250 July. 22 Bought Office Supplies GJ1 1,000 July. 24 Received payment - Higgins GJ1 4,400 July. 28 Received payment - Watson GJ1 9,159 July. 31 Sales Revenue GJ1 4,250 Accounts Receivable Acct. # 110 Date: Explanation   Debit   Credit 30-Jun Balance July. 10 Higgins Construction Co. Invoice # 1941 GJ1 4,400 July. 15 Logan Contractors
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 21

Bright Landscapes JE -...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online