Accounting

"Name "Veronica "Class "SKY-THE-LIMIT CONSULTING CORPORATION "JOURNAL "Date "Details "Debit "Credit "02-Oct-12 "Cash "12950 "Accounts Receivable "2800 "Supplies "1500 "Office Equipment "18750 "Dawn Lytle Capital "36000 "Being opening balances recorded in the books "02-Oct-12 "Rent Expense "3600 "Cash "3600 "Being rent paid entered in the respective accounts "03-Oct-12 "Insurance Expense "2400 "Cash "2400 "Being insurance paid reflected in the accounts "05-Oct-12 "Cash "4150 "Uneared Fees "4150 "Being advance payments from customers noted in the accounts "06-Oct-12 "Office Equipment "2500 "Accounts Payable "2500 "Being tangible fixed assets bought on credit from Office Station Co "07-Oct-12 "Cash "1900 "Accounts Receivable "1900 "Being

debts settled from debtors "11-Oct-12 "Miscellaneous Expense "325 "Cash "325 "Being the payment for advertising expenditure recorded in the books "13-Oct-12 "Accounts Payable "1250 "Cash "1250 "Being payment to Office Station Co . for debt due "13-Oct-12 "Accounts Receivable "3750 "Earned Fees "3750 "Being services provided on credit to clients of the firm "15-Oct-12 "Salary Expense "750 "Cash "750 "Being wages paid to receptionist "18-Oct-12 "Cash "6250 "Earned Fees "6250 "Being cash sales received in the first seventeen days of October "19-Oct-12 "Supplies "600 "Cash "600 "Being supplies purchased in October "21-Oct-12 "Accounts Receivable "2100 "Earned Fees "2100 "Being credit sales recorded in the accounts "25-Oct-12 "Cash "3850 "Earned Fees "3850 "Being cash received from services provided "27-Oct-12 "Cash "4450 "Accounts Receivable "4450 "Being money received from trade debtors "28-Oct-12 "Salary Expense "750 "Cash "750 "Being receptionist remuneration payment recorded in the accounts "30-Oct-12 "Miscellaneous Expense "250 "Cash "250 "Being payment of telephone bill "01-Nov-12 "Miscellaneous Expense "300 "Cash "300 "Being payment of electricity bill "01-Nov-12 "Cash "2975 "Earned Fees "2975 "Being cash attained from services given to clients "01-Nov-12 "Accounts Receivable "1500 "Earned Fees "1500 "Being services rendered on account to customers "01-Nov-12 "Dawn Lytle Drawings "5000 "Cash "5000 "Being cash drawings taken by the owner "Year-End Adjustments "SKY-THE-LIMIT CONSULTING CORPORATION "JOURNAL "Date "Details "Debit "Credit "01-Nov-12 "Prepaid Insurance "2200 "Insurance Expense "2200 "Being prepaid insurance reflected in the accounts "01-Nov-12 "Supplies Expense "1225 "Supplies "1225 "Being supplies utilized recorded in the books "01-Nov-12 "Depreciation Expense "675 "Accumulated Depreciation "675 "Being depreciation charge for month on office equipment "01-Nov-12 "Salary Expense "150 "Salaries Payable "150 "Being receptionist salary owing at the end of month "01-Nov-12 "Prepaid Rent "2050 "Rent Expense "2050 "Being rent paid in advance deducted from rent expense "01-Nov-12 "Unearned Fees "3000 "Fees Earned "3000 "Being realised unearned fees during the month "Name : Veronica "Class "Sky-The-Limit Consulting Corporation "October , 2008 "Assets "Liabilities "Financed By "Revenues "Cash "Accounts Payable "Dawn Lytle Capital "Fees Earned "1 "Capital "12950 "1 "Rent Expense "3600 "12 "Cash "1250 "5 "Office Equipment "2500 "31 "Balance c /d "36000 "1 "Cash "12950 "31 "Balance c /d "20425 "12 "Accounts Receivable "3750 "4 "Unearned Fees "4150 "2 "Insurance Exp "2400 "31 "Balance c /d "1250 "1 "Accounts Receivable "2800 "17 "Cash "6250 "6 "Accounts Receivable "1900 "10 "Miscellaneous Exp "325 "-2500 "2500 "1 "Supplies "1500 "20 "Accounts Receivable "2100 "17 "Fees Earned "6250 "12 "Accounts Payable...