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ACCOUNTUNG Assignment1

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42 views8 pages

ACCOUNTUNG Assignment1

Uploaded by

2347104
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 General

Date Particulars Debit Credit


Dec.1 Capital stock 200,000
Cash 200,000
Owner invested cash in the business.
Dec.1 Rental Equipment 240,000
Cash 140,000
Note Payable 100,000
Purchased equipment from Rent-it. Note payable
is due in one year.
Dec.1 Prepaid Rent 12,000
Cash 12,000
Paid three months' rent in advance to Shapiro
Realty.
Dec.4 Office Supplies 1,000
Accounts Payable 1,000
Purchased supplies on account; payment due in 30 days.
Dec.8 Cash 8,000
Unearned Rental Fees 8,000

Dec. 12 Salaries Expense 5,200


Cash 5,200

Dec.15 Cash 12,000


Account receivable 6,000
Rental Fees Earned 18,000

Dec.17 Maintenance Expense 600


Accounts Payable 600

Dec.23 Cash 2,000


Account receivable 2,000

Dec.26 Salaries Expense 5,200


Cash 5,200

Dec.27 Account Payable 600


Cash 600

Dec.28 Dividends 2,000


Dividends Payable 2,000

Dec.29 Unexpired Insurance 9,600.00


Cash 9,600.00

Dec.31 Utilities Expense 700


Account Payable 700
Dec.31 Cash 15,600
Account receivable 4,400
Rental Fees Earned 20,000

524,900 524900
Adjusting General
Date Particulars Debit Credit
a. Rent Expense 4,000
Prepaid Rent 4,000

b.

c. Depreciation Expense 2,500

Accumulated Depreciation Rental Equipment 2,500


d.
Ledgers Account
Cash
Date Particulars Amount Date Particulars Amount

Capital Stock
Date Particulars Amount Date Particulars Amount

Accounts Receivable
Date Particulars Amount Date Particulars Amount

Prepaid Rent
Date Particulars Amount Date Particulars Amount

Unexpired Insurance
Date Particulars Amount Date Particulars Amount

Office Supplies
Date Particulars Amount Date Particulars Amount

Rental Equipment
Date Particulars Amount Date Particulars Amount

Notes Payable
Date Particulars Amount Date Particulars Amount

Accounts Payable
Date Particulars Amount Date Particulars Amount
Dividends Payable
Date Particulars Amount Date Particulars Amount

Unearned Rental Fees


Date Particulars Amount Date Particulars Amount

Dividends
Date Particulars Amount Date Particulars Amount

Rental Fees Earned


Date Particulars Amount Date Particulars Amount
Salaries Expense
Date Particulars Amount Date Particulars Amount

Maintenance Expense
Date Particulars Amount Date Particulars Amount

Utilities Expense
Date Particulars Amount Date Particulars Amount

Rent Expense
Date Particulars Amount Date Particulars Amount

Office Supplies Expense


Date Particulars Amount Date Particulars Amount

Interest Expense
Date Particulars Amount Date Particulars Amount
Salaries Expense
Date Particulars Amount Date Particulars Amount

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