Accounting: Income Statement and Expense Rent Expense Essay example

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3/18/12

Journalize
4/1 Cash…………………….. $18,000 Common Stock……………………. $18,000 Paid cash for common stock

4/1 Wage Expense………. $375 Cash…………………………………… $375 Paid wages to secretary

4/2 Rent Expense…………. $900 Cash…………………………………… $900 Paid office rent for the month

4/3 Supplies………………... $1,300 Accounts Payable………………..$1,300 Purchased supplies on account

4/10 Accounts Receivable.. $ 1,900 Service Revenue………………… $1,900 Billed client for services

4/11 Cash………..……………… $ 700 Unearned Service Revenue…. $ 700 Received cash in advance for services

4/20 Cash……………………… $ 2,800 Service Revenue…………………. $2,800 Received cash for completed services

4/30 Salary Expense…….. $1,500 Cash…………………………………… $1,500 Paid secretary for services for the month

4/30 Accounts Payable… $300 Cash…………………………………… $ 300 Paid company for accounts payable due

T-Accounts Cash Accounts Receivable Supplies Accounts Payable
$18,000 $375 $1,900 $1,300 $1,300 $900 $300
$700
$2,800 $1,500 $300 $1,000
$18,425 $1,900 $1,300 Unearned Service Revenue Common Stock Service Revenue Wages Expense $700 $18,000 $1,900 $375 $2,800

$700 $18,000 $4,700 $375

Salary Expense Rent Expense $1,500 $900

$1,500 $900

Trial Balance

Towne Architects
Trial Balance
April 31, 2012 Cash $18,425 Accounts Receivable $1,900 Supplies $1,300 Accounts Payable $1,000 Unearned SR $700 Common Stock $18,000 Service Revenue $4,700 Wages Expense $375

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