Introduction to Financial Accounting

Date

Account Titles

Debit

Credit

Nov 8

Salaries Payable 1700 Salaries expense

1850 Cash 3550

10

Cash

1900 Accounts receivable 1900

11

Purchase Supplies

8000 Accounts payable 8000

12

Accounts receivable

5500 Supplies Sales (2 /10 , n /30 4000 Retained earnings 1500

15

Accounts payable

300 Purchase returns and allowances 300

19

Cash

5390 Sales Discount

110 Accounts receivable 5500

20

Accounts payable

7700 Cash 7546

br Purchase discount 154

22

Cash

2300 Revenue services 2300

25

Purchase equipment

5000 Accounts payable 5000

27

Purchase supplies

1700 Accounts payable 1700

28

Accounts payable

3000 Cash 3000

29

Rent expenses

375 Cash 375

29

Salaries expenses

1300 Cash 1300

29

Accounts receivable

700 Service revenue 700

29

Cash

675 Unearned services revenue 675 Adjusting Entries

Nov 30

Supplies expenses

4960 Supplies 4960

30

Depreciation expenses 250 Accumulated depreciation 250

30

Service revenue

4025 Unearned service revenue 4025

30

Salaries expense

500 Salaries payable 500 Closing Entries

Nov 30

Service revenue

7025 Purchase discount

154 Purchase returns and allowances

300 Income summary 7479

30

Income summary

9345 Salaries expenses 3650 Rent expenses 375 Supplies expenses 4960 Sales Discount 110 Depreciation expenses 30

Income summary 1866 Common stock

1866 Unadjusted Trial Balance

Cash

Accounts receivable

Supplies

Equipments

Sales discount

Accumulated depreciation

Accounts payable

Unearned revenue

Common stock

Service revenue

Retained earnings

Salaries expenses

Rent expenses

Purchase returns and allowances

Purchase discounts Debits 3494

1040

6560

30000

110

3150

375 44729 Credits

1000

7100

4675

20000

3000

8500

300

154 44729 EXTRA CREDIT ONE SOLUTION...