Service Revenue No 400 Date Explanation Ref Debit Credit Balance March 9 J1

Service revenue no 400 date explanation ref debit

This preview shows page 5 - 7 out of 7 pages.

Service Revenue No. 400 Date Explanation Ref. Debit Credit Balance March 9 J1 4,300 4,300 20 J1 5,000 9,300 31 J1 9,000 18,300 Rent Revenue No. 429 Date Explanation Ref. Debit Credit Balance March 31 J1 900 900 Advertising Expense No. 610 Date Explanation Ref. Debit Credit Balance March 12 J1 900 900 Salaries and Wage Expense No. 726 Date Explanation Ref. Debit Credit Balance March 31 J1 3,100 3,100 Rent Expense No. 729 Date Explanation Ref. Debit Credit Balance March 2 J1 3,500 3,500 20 J1 2,000 5,500
Image of page 5
b) General Journal J1 Date Account Title & Explanation Ref. Debit Credit March 2 Rent Expense 729 $3,500 Cash 101 1,500 Accounts Payable 201 2,000 3 No Entry 9 Cash 101 4,300 Service Revenue 400 4,300 10 Accounts Payable 201 2,000 Cash 101 2,000 10 Accounts Payable (2,000+2,100) 201 4,100 Cash 101 4,100 11 No Entry 12 Advertising Expense 610 900 Cash 101 900 (Paid advertising expenses) 20 Cash 101 5,000 Service Revenue 400 5,000 20 Rent Expense 729 2,000 Cash 101 2,000 (Paid film rental) 31 Salaries and Wage Expense 720 3,100 Cash 101 3,100 (Paid salaries) 31 Cash 101 450 Accounts Receivable 112 450 Rent Revenue 429 900 31 Cash 101 9,000 Service Revenue 400 9,000 (Rented Indiana Jones movies, $1,000 on cash and the balance paid on March 10) (Received $4,300 cash from admissions) (Paid balance due on Indiana Jones ) (Received $5,000 cash from admissions) (Received statement from Adam Ladd showing he owes $900 for March. Half is paid now. The rest will be paid on April 5. ) (Received $9,000 from admissions)
Image of page 6
d) Starr Theater Trial Balance March 31, 2017 Debit Credit Cash $10,150 Accounts Receivable 450 Land 24,000 Building 10,000 Equipment 10,000 Accounts Payable $4,900 Owner's Capital 40,000 Service Revenue 18,300 Rent Revenue 900 Advertising Expense 900 Salaries and Wages Expense 3,100 Rent Expense 5,500 $64,100 64,100
Image of page 7

You've reached the end of your free preview.

Want to read all 7 pages?

  • Spring '18
  • Deborah Baruch
  • Generally Accepted Accounting Principles

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture