Owners Capital Owners investment of cash in business No Entry No Transaction

Owners capital owners investment of cash in business

This preview shows page 4 - 12 out of 12 pages.

Owner's Capital (Owner's investment of cash in business) No Entry-No Transaction Made (Paid monthly office rent) Accounts Payable (Purchased supplies on account from Dazzle Co.)
Image of page 4
10 Accounts Receiv 112 5,100 400 5,100 11 Cash 101 1,000 209 1,000 20 Cash 101 2,100 400 2,100 30 726 2,800 Cash 101 2,800 (Paid monthly slary) 30 201 2,400 Cash 101 2,400 (Paid Dazzle Co. on account) (b) Post to the ledger accounts Cash Date Explanation Ref. Debit Apr. 1 J1 20,000 2 J1 11 J1 1,000 20 J1 2,100 30 J1 30 J1 Service Revenue (Billed clients for services performed) Unearned Service Revenue (Received cash for future service) Service Revenue (Received cash for services performed) Salaries & Wages Expense Accounts Payable
Image of page 5
Accounts Receivable Date Explanation Ref. Debit Apr. 10 J1 5,100 Supplies Date Explanation Ref. Debit Apr. 3 J1 4,000 Accounts Payable Date Explanation Ref. Debit Apr. 3 J1 30 J1 2,400 Unearned Service Revenue Date Explanation Ref. Debit Apr. 11 J1 Owner's Capital Date Explanation Ref. Debit Apr. 1 J1 20,000 Service Revenue Date Explanation Ref. Debit Apr. 10 J1 20 J1 Salaries & Wages Expense Date Explanation Ref. Debit Apr. 30 J1 2,800 Rent Expense Date Explanation Ref. Debit Apr. 2 J1 1,100 (C) Prepare a trial balance on April 30, 2017 Emily Valley , Dentis Trial Balance April 30, 2017
Image of page 6
Cash… ............................................................................ Accounts Receiveable… ................................................. Supplies… ....................................................................... Accounts Payable… ........................................................ Unearned Service Revenue… ......................................... Owner's Capital… ........................................................... Service Revenue… .......................................................... Salaries & Wages Expense… ........................................... Rent Expense… ...............................................................
Image of page 7
ss are presented below. (Omit explanations) ce on account. Debit Credit 10,000
Image of page 8
12,000 3,000 700 Debit Credit. Balance 10,000 10,000 4,000 6,000 3,000 3,000 700 2,300 Debit Credit. Balance 12,000 12,000 Debit Credit. Balance 8,000 8,000 3,000 5,000 Debit Credit. Balance 10,000 10,000 Debit Credit. Balance 700 700 ceted events and transactions occurred during March. No. 101 No. 157 No. 201 No. 301 No. 306
Image of page 9
Credit. Balance 20,000 1,100 18,900 19,900 22,000 2,800 19,200 2,400 16,800 No. 101
Image of page 10
Credit. Balance 5,100 Credit. Balance 4,000 Credit. Balance 4,000 4,000 1,600 Credit. Balance 1,000 1,000 Credit. Balance 20,000 Credit. Balance 5,100 5,100 2,100 2,100 Credit. Balance 2,800 Credit. Balance 1,100 st No. 112 No. 126 No. 201 No. 209 No. 301 No. 400 No. 726 No. 400
Image of page 11
Debit Credit .......... $16,800 ............. 5,100 .......... 4,000 ........... $1,600 ............ 1,000 ........... 20,000 .......... 7,200 ............ 2,800 ........... 1,100 $29,800 $29,800
Image of page 12

You've reached the end of your free preview.

Want to read all 12 pages?

  • Fall '15
  • Journalize

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture