1 Recordingb each journal entries

Journal Page 1
PostR
ef
Date Description Debit Credit
June 1 Cash 20,000
Account Receivable 4,500
Supplies 2,000
Office Equipment 11,500
Emily page, capital 38,000
(Record assets transferred received)

June 1 Prepaid rent 6,000

cash 6,000
(Paid three months rent in advance)

June 2 Prepaid insurance 2,400

cash 2,400
(Paid property and casuality insurance)

June 4 Cash 2,700

Unearned fees 2,700
(Advance income for service to be provided)

June 5 Office equipment 3,500

Account Payable 3,500
(Purchase of equipment on account)

June 6 Cash 3,000

Account receivable 3,000
(Receive cash from clients on account)

June 10 Advertisement expense 200

Cash 200
(Cash paid for Adverisement )

June 12 Account payable 750

cash 750
(Paid part of debt incured on June 5)

June 12 Account receivable 5,100

Fees earned 5,100
(Services provided on account)

June 14 Salary Expense 1,100

Cash 1,100
(Part time salary)

June 17 Cash 6,500

 Fees earned 6,500
(Cash from services provided)

June 18 Supplies 750

Cash 750
(Purchase of supplies)

June 20 Account receivable 3,100

Fees earned 3,100
(Services provided onaccount)

June 24 Cash 5,150

Fees earned 5,150
(Cash from services provided)

June 26 Cash 6,900

Account receivable 6,900
(Received cash from clients on account)

June 27 Salary expense 1,100

Cash 1,100
(Part time salaries for two weeks)

June 29 Miscellaneous expense 150

Cash 150
(Telephone billed)

June 30 Miscellaneous expense 400

Cash 400
(Electricity billed)

June 30 Cash 2,500

Fees earned 2,500
(Cash from services provided)

June 30 Account receivable 1,000

Fees earned 1,000
(Services provided on account)

June 30 Emilly, Drawing 5,000

Cash 5,000
(Withdrawal for personal use)
2 Post journal to ledger of four column account
Cash 11
Balance
Date Item P.O Dr Cr Debit Credit
June, 1 20,000 20,000
June, 1 6,000 14,000
June, 2 2,400 11,600
June, 4 2,700 14,300
June, 6 3,000 17,300
June, 10 200 17,100
June, 12 750 16,350
June, 14 1,100 15,250
June, 17 6,500 21,750
June, 18 750 21,000
June, 24 5,150 26,150
June, 26 6,900 33,050
June, 27 1,100 31,950
June, 29 150 31,800
June, 30 400 31,400
June, 30 2,500 33,900
June, 30 5,000 28,900

Account receivable 12
Balance
Date Item P.O Dr Cr Debit Credit
June, 1 4,500 4,500
June, 6 3,000 1,500
June, 12 5,100 6,600
June, 20 3,100 9,700
June, 26 6,900 2,800
June, 30 1,000 3,800

Supplies 14
Balance
Date Item P.O Dr Cr Debit Credit
June, 1 2,000 2,000
June, 18 750 2,750

Prepaid rent 15
Balance
Date Item P.O Dr Cr Debit Credit
June, 1 6,000 6,000

Prepaid insurance 16
Balance
Date Item P.O Dr Cr Debit Credit
June, 2 2,400 2,400

Office equipment 18
Balance
Date Item P.O Dr Cr Debit Credit
June, 1 11,500 11,500
June, 18 3,500 15,000

Account Payable 21
Balance
Date Item P.O Dr Cr Debit Credit
June, 5 3,500 3,500
June, 18 750 2,750

Unearned Fees 23
Balance
Date Item P.O Dr Cr Debit Credit
June, 2 2,700 2,700

Emily page, capital 31

Balance
Date Item P.O Dr Cr Debit Credit
June, 2 38,000 38,000

Emily page, Drawing 32

Balance
Date Item P.O Dr Cr Debit Credit
June, 2 5,000 5,000

Fees earned 41
Balance
Date Item P.O Dr Cr Debit Credit
June, 12 5,100 5,100
June, 17 6,500 11,600
June, 20 3,100 14,700
June, 24 5,150 19,850
June, 30 2,500 22,350
June, 30 1,000 23,350

Advertisemenmt expense 50
Balance
Date Item P.O Dr Cr Debit Credit
June, 10 200 200
Salaries expense 51
Balance
Date Item P.O Dr Cr Debit Credit
June, 14 1,100 1,100
June, 27 1,100 2,200

Miscellaneous expense 59
Balance
Date Item P.O Dr Cr Debit Credit
June, 29 150 150
June, 30 400 550
3 Unadjusted trial balance

Bottom Line Consulting

Trial Balance
June 30, 2010
Debit Credit
Cash 28,900
Account Receivable 3,800
Supplies 2,750
Prepaid rent 6,000
Prepaid Insurance 2,400
Office equipment 15,000
Account payable 2,750
Unearned fees 2,700
Emilly page, Capital 38,000
Emilly page, Drawing 5,000
Fees earned 23,350
Advertisement expense 200
Salaries expense 2,200
Miscellaneous expense 550
66,800 66,800
 General Journal
Adjusting Entry
Date Account Titles Post Ref. Debit
2010 Insurance Expense 55 200.00
June Prepaid Insurance 16
30 (Insurance expired)

Supplies Expense 53 2,100.00

30 Supplies 14
(Supplies Used)

Depreciation Expense 54 250.00

30 Accumulated Depreciation 19
(Equ. Depreciation)

Salary Expense 51 220.00

30 Salaries Payable 22
(Accrued Salaries)

Rent Expense 52 2,000.00

30 Prepaid Rent 15
(Rent Expired)

Unearned Fees 23 825.00

30 Fees Earned 41
(Unrearned Fees Earned)
 No. 4

Credit

200.00

2,100.00

250.00

220.00

2,000.00

825.00
1525
4
Bottom Line Consulting
Accounting Worksheet
For the month endingJune 30, 2010
Unadjusted Trial Balance Adjusting Entries
Account Debit Credit Debit Credit
Cash 28,900
Account Receivable 3,800
Supplies 2,750 2,100
Prepaid rent 6,000 2,000
Prepaid Insurance 2,400 200
Office equipment 15,000
Accumulated Depreciation 250
Salary Payable 220
Account payable 2,750
Unearned fees 2,700 825
Emilly page, Capital 38,000
Emilly page, Drawing 5,000
Fees earned 23,350 825
Rent Expense 2,000
Depreciation Expense 250
Insurance Expense 200
Supplies Expense 2,100
Advertisement expense 200
Salaries expense 2,200 220
Miscellaneous expense 550
66,800 66,800 5,595 5,595
Totals Net Income
Total
 No. 5

Adjusted Trial Balance Income Statement Balance Sheet

Debit Credit Debit Credit Debit Credit
28,900 28,900
3,800 3,800
650 650
4,000 4,000
2,200 2,200
15,000 15,000
250 250
220 220
2,750 2,750
1,875 1,875
38,000 38,000
5,000 5,000
24,175 24,175
2,000 2,000
250 250
200 200
2,100 2,100
200 200
2,420 2,420
550 550
67,270 67,270 7,720 (24,175) 59,550 43,095
ome 16,455 16,455
l 24,175 24,175 59,550 59,550
 General Journal
Adjusted Entries
Account Titles &
Date Explanations Ref Debit
2010 Closing Entries
30-Jun Fees Earned 41 24,175.00
Income Summary 33
Close credit-balnce temporary accounts

30 Income Summary 33 7720

Salary Expense 51
Rent Expense 52
Supplies Expense 53
Depreciation Expence 54
Insurance Expence 55
Miscellaneous Expence 59
Close debit-balance temporary accounts

30 Income Summary 33 16,455.00

Emily Page Capital 31
Close Income summay

30 Emily Page Capital 31 5,000.00

Emily Page Capital 32
Close Drawing Account
 No. 6

Credit

24,175.00

2420
2000
2100
250
200
750

16,455.00

5,000.00
 No. 7
Bottom Line Consulting
Post closing Adjusted Trial Balance
30-Jun-10
DEBIT CREDIT
Cash 28,900.00
Account Receivable 3,800.00
Supplies 650.00
Prepaid Rent 4,000.00
Prepaid Insurance 2,200.00
Office Equipment 15,000.00
Accumulated Depreciation 250.00
Accounts Payable 2,750.00
Salaries Payable 220.00
Unearned Fees 1,875.00
Emily Page, Capital 38,000.00
Owners Equity 11,455.00
54,550.00 54,550.00
 No. 8
Bottom Line Consulting
Income Statement

For the Month Ended June 30, 2010

Revenues
Fees Earned 24,175.00
Expenses
Salary Expense 2,420.00
Rent Expense 2,000.00
Supplies Expense 2,100.00
Depreciation Expense 250.00
Insurance Expense 200.00
Miscellaneous Expense 750.00 7,720.00
Total Expense
Net Income 16,455.00

Bottom Line Consulting

Statement of Owner's Equity
For the Month Ended June 30, 2010
Emily Page, Capital June 1, 2010
Net incom 16,455.00
16,455.00
less withdrawals 5,000.00
Increase in owner's equity 11,455.00
Emily Page, Capital June 30, 2010 11,455.00

Bottom Line Consulting

Balance Sheet
June 30, 2010
Asset
Office equipment 15,000.00
less: accum deprecitation 250.00 14,750.00
Cash 28,900.00
Accounts receivable 3,800.00
Supplies 650.00
Prepaid rent 4,000.00
Prepaid Insurance 2,200.00
Total Assets 54,300.00
Equity and Liablities
Equity
Emily Page Capital 38,000.00
Owener Equity 11,455.00 49,455.00
Liablity
Account payable 2,750.00
Salary payable 220.00
Unearned fees 1,875.00 4,845.00
Total Equity and Liablity 54,300.00