Practice Set complete - Bright Landscapes Practice Set...

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Unformatted text preview: Bright Landscapes Practice Set Workpapers Sheet 1 Kaleb Jacobs General Journal Date: Account Name: Acct. # Debit Credit 2-Jul Cash 101 74500 Common Stock 301 50000 PIC 24500 2-Jul Prepaid Rent 131 6900 Cash 101 6900 2-Jul Inventory 120 13500 Cash 101 13,500 5-Jul Office Supplies 135 1000 A/P- Chesterfield OS(2/20,n/30) 210 1000 5-Jul Interest Payable 221 3300 Notes Payable 245 7500 Cash 101 10800 10-Jul A/R- Bowling Company (2/15,n/30) 110 19100 Sales Revenue 401 19100 10-Jul Utilities Expense 514 250 Cash 101 250 15-Jul A/R- Watson (2/10,n/30) 110 3500 Sales Revenue 401 3500 22-Jul Cash 101 18718 Sales Discount 403 382 A/R- Bowling Company 110 19100 22-Jul A/P- Chesterfield OS(2/20,n/30) 210 1000 Cash 101 980 Office Supplies 135 20 26-Jul A/P- Smithville Nurseries 210 5723 Cash 101 5723 31-Jul Cash 101 4000 Sales Revenue 401 4000 159373 159373 General Journal for Adjusting Entries: Date: Account Name: Acct. # Debit Credit 31-Jul Interest Expense 522 550 Interest Payable 221 550 31-Jul Rent Expense 517 575 Prepaid Rent 131 575 31-Jul Insurance Expense 516 194 Prepaid Insurance 130 194 31-Jul Office Supplies Expense 518 1205 Office Supplies 135 1205 31-Jul Bad Debt Expense 513 2852 Allowance for bad debts 111 2852 31-Jul Cost of Goods Sold 501 13200 Inventory 120 13200 31-Jul Depreciation Expense 511 1027 Accumulated Depreciation 170 1027 19603 19603 General Ledger Accounts: Sheet 2 Kaleb Jaco Cash Acct. # 101 Balance Date: Explanation Debit Credit Debit Credit 30-Jun Balance 16,320 2-Jul Sold CS GJ1 74500 90,820 2-Jul Paid Rent 12months GJ1 6900 83,920 2-Jul Purchased Inventory GJ1 13500 70,420 5-Jul Paid Notes Payable GJ1 10800 59,620 10-Jul Electric bill GJ1 250 59,370 22-Jul Received Payment GJ1 18718 78,088 22-Jul Paid Invoice #940 GJ1 980 77,108 26-Jul Paid Invoice 6/28/08 GJ1 5723 71,385 31-Jul Sales Rev GJ1 4000 75,385 Accounts Receivable Acct. # 110 Balance Date: Explanation Debit Credit Debit Credit 30-Jun Balance 64,917 10-Jul Bowling Company invoice #1948GJ1 19100 84,017 15-Jul Watson Properties invoice # 999GJ1 3500 87517 22-Jul Bowling Company invoice #1948GJ1...
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Practice Set complete - Bright Landscapes Practice Set...

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