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Journal Entries, Ledger and Trial Balance

The document contains journal entries made by Self Service Laundry for various expenses and revenues for the month of May 2015. It records transactions for items like cash, supplies, equipment, utilities, and salaries. It also includes a trial balance as of May 31, 2015 that lists account balances and totals assets of $355,100 equal to liabilities and equity.

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Dan Ryan
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1K views8 pages

Journal Entries, Ledger and Trial Balance

The document contains journal entries made by Self Service Laundry for various expenses and revenues for the month of May 2015. It records transactions for items like cash, supplies, equipment, utilities, and salaries. It also includes a trial balance as of May 31, 2015 that lists account balances and totals assets of $355,100 equal to liabilities and equity.

Uploaded by

Dan Ryan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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JOURNAL ENTRIES

Date Account Titles and Explanations P.R. Debit

a. Cash 250,000.00
Dilig, Capital

b. Furniture and Fixtures 6,700.00


Cash

c. Supplies Expense 3,250.00


Accounts Payable

d. Rent Expense 5,750.00


Cash

e. Equipment ` 115,000.00
Cash
Accounts Payable

f. Cash 19,250.00
Laundry Revenues

g. Prepaid Insurance 5,600.00


Cash

h. Accounts Payable 7,000.00


Cash

i. Utilities Expense 2,080.00


Cash

j. Cash 12,350.00
Laundry Revenues

k. Salaries Expense 7,400.00


Cash

l. Dilig, Withdrawals 5,000.00


Cash

m. Accounts Payable 2,750.00


Cash

n. Miscellaneous Expense 2,800.00


Cash

444,930.00

Self Service Landry


Trial Balance
May 31, 2015
Dr. Cr.
Cash 201,520.00
Accounts Receivable -
Prepaid Insurance 5,600.00
Equipment 115,000.00
Furniture and Fixtures 6,700.00
Accounts Payable 73,500.00
Dilig, Capital 250,000.00
Dilig, Withdrawals 5,000.00
Laundry Revenues 31,600.00
Salaries Expense 7,400.00
Supplies Expense 3,250.00
Rent Expense 5,750.00
Utilities Expense 2,080.00
Miscellaneous Expense 2,800.00

Total 355,100.00 355,100.00


Credit Cash
a. 250,000.00 b. 6,700.00 Accoun
f. 19,250.00 d. 5,750.00
250,000.00 j. 12,350.00 e. 35,000.00
g. 5,600.00
h. 7,000.00
6,700.00 i. 2,080.00
k. 7,400.00
l. 5,000.00
3,250.00 m. 2,750.00
n. 2,800.00
281,600.00 80,080.00
5,750.00 May-31 201,520.00
281,600.00 281,600.00

35,000.00
80,000.00

Prepaid Insurance E
19,250.00 g. 5,600.00 e.

5,600.00

7,000.00

2,080.00
5,600.00 -
May-31 5,600.00
12,350.00 5,600.00 5,600.00

7,400.00
Furniture and Fixtures Acco
b. 6,700.00 h.
5,000.00 m.

2,750.00
2,800.00

444,930.00
6,700.00 -
May-31 6,700.00 May-31
6,700.00 6,700.00

Dilig, Capital Dilig,


a. 250,000.00 l.

- 250,000.00
May-31 250,000.00
250,000.00 250,000.00

Laundry Revenues Salar


f. 19,250.00
j. 12,350.00

- 31,600.00
May-31 31,600.00
31,600.00 31,600.00

Supplies Expense Ren


c. 3,250.00 d.
3,250.00 -
May-31 3,250.00
3,250.00 3,250.00

Utilities Expense Miscella


i. 2,080.00 i.

2,080.00 -
May-31 2,080.00
2,080.00 2,080.00
Accounts Receivable

- -
May-31 -
- -

Equipment
115,000.00

115,000.00 -
May-31 115,000.00
115,000.00 115,000.00

Accounts Payable
7,000.00 c. 3,250.00
2,750.00 e. 80,000.00
9,750.00 83,250.00
73,500.00
83,250.00 83,250.00

Dilig, Withdrawals
5,000.00

5,000.00 -
May-31 5,000.00
5,000.00 5,000.00

Salaries Expense
7,400.00

7,400.00 -
May-31 7,400.00
7,400.00 7,400.00

Rent Expense
5,750.00
5,750.00 -
May-31 5,750.00
5,750.00 5,750.00

Miscellaneous Expense
2,800.00

2,800.00 -
May-31 2,800.00
2,800.00 2,800.00

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