acc225 H Paris Wk 2 Essay

Submitted By coffeeslave79
Words: 384
Pages: 2

Name
General Journal
GENERAL JOURNAL
Date
Aug

Account Titles and Explanation
1 Cash
Equipment
H. Paris, Capital
Investment by owner

P. R.

Debit

Credit

7,500
32,500
40,000

Prepaid Insurance
Cash
Purchase Insurance Policy for cash
5 Office Supplies
Cash
Purchase office supplies for cash

3,000
3,000

1,400
1,400

20 Cash
Fees Earned
Cash received for services

2,650
2,650

31 Utilities Expense
Cash
Utilities paid

875
875

TOTAL

47,925

47,925

Name:
Cash

101

H. Paris, Capital

Prepaid Insurance
3,000

108

Photography Fees Earned

Photography Equipment
32,500

167

7,500
2,650

3,000
1,400
875

4,875

40,000

otography Fees Earned
2,650

Name
Trial Balance

Trial Balance
Debit
Cash
Office Supplies
Prepaid Insurance
Photography Equipment
H. Paris, Capital
Photography Fees Earned
Utilities Expense

$

Totals

$

4,875
1,400
3,000
32,500
$

40,000
2,650

42,650 $

42,650

875

Schedule of Accounts Receivable

Analysis:

Credit

Name
General Journal
GENERAL JOURNAL
Date
a

Account Titles and Explanation
Cash
Office Equipment
Drafting Equipment
S. Shelton, Capital
Investment by owner

P. R.

Debit
105,000
6,000
45,000

b

Land
Cash
Notes Payable
Purchased land for cash & long term note

54,000

c

Building
Cash
Purchased building for cash

75,000

d

Prepaid Insurance
Cash
Purchased Ins. Policy for cash

6,000

e

Cash
Revenue
Cash rcvd from client

5,700

f

Drafting Equipment
Cash
Note Payable
Purchased Equipment for cash & long term note

22,500

g

Accounts Receivable
Engineering Fees Earned
Fees earned not received

12,000

h

Office Equipment
Accounts Payable
Office Equipment purchased on credit

i

Accounts Receivable
Engineering Fees Earned
Fees earned not received

2,250

18,000

Credit

156,000

5,400
48,600

75,000

6,000

5,700

10,500
12,000

12,000

2,250

18,000

Name
General Ledger
GENERAL LEDGER

Date

Date

Date

Date

Date

Date

Explanation
Investment by owner
Purchase land
Purchase building
Purchase Insurance
Cash from client
Purchase drafting equipment
Cash from client
Wages paid
Pay off office equipment
Repairs
S. Shelton withdrawl
Wages paid
Purchase ads

Explanation
Services provided
Services provided
Client partial payment

Cash
P.R.

DEBIT
105,000

ACCOUNT NO. 101
CREDIT
5,400
75,000
6,000

5,700
10,500
7,200
1,500
2,250
675…