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GENERAL JOURNAL DATE DESCRIPTION 1 Jan 1 Cash 2 Jean Jones, Capital 3 Owner's original investment in consult business 4 5 Jan

2 Rent Expense 6 Cash 7 Paid office rent for January 8 9 Jan 3 Office Equipment 10 Account Payable 11 Purchase office equipment on account 12 13 Jan 5 Cash 14 Consulting Fee 15 Received cash for consulting fee 16 17 Jan 8 Telephone Expense 18 Cash 19 Paid telephone bill for January 20 21 Jan 10 Miscellaneous Expense 22 Cash 23 Paid for magazine subscription 24
Post Ref.

Page 1 DEBIT 10 0 0 0 00 CREDIT 10 0 0 0 00 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

101 311

521 101

5 0 0 00 5 0 0 00

181 202

1 5 0 0 00 1 5 0 0 00

101 401

7 5 0 00 7 5 0 00

525 101

6 5 00 6 5 00

549 101

1 5 00 1 5 00

Mytuyet Huynh

Chapter 4: Exercise 4-4A

Professor Francis

GENERAL JOURNAL DATE DESCRIPTION 1 Jan 11 Office Supplies 2 Account Payable 3 Purchased office supplies on account 4 5 Jan 15 Account Payable 6 Cash 7 Made partial payment on equipment 8 9 Jan 18 Wages Expense 10 Cash 11 Paid employee 12 13 Jan 21 Cash 14 Consulting Fee 15 Received cash for consulting fee 16 17 Jan 25 Utilities Expense 18 Cash 19 Paid utilities expense for January 20 21 Jan 27 Jean Jones, Drawing 22 Cash 23 Owner's withdrawl 24 25 Jan 29 Wages Expense 26 Cash 27 Paid employee 28 29 30 31 32 33 34 35 36
Post Ref.

Page 2 DEBIT 10 0 0 0 00 CREDIT 10 0 0 0 00

142 202

181 101

5 0 0 00 5 0 0 00

511 101

1 5 0 0 00 1 5 0 0 00

101 401

7 5 0 00 7 5 0 00

533 101

6 5 00 6 5 00

312 101

1 5 00 1 5 00

511 101

5 0 0 00 5 0 0 00

Mytuyet Huynh

Chapter 4: Exercise 4-4A

Professor Francis

Page 2

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36

Mytuyet Huynh

Chapter 4: Exercise 4-4A

Professor Francis

GENERAL LEDGER
ACCOUNT

Cash

ACCOUNT NO.

101

Balance DATE Jan 1 2 5 8 10 15 18 21 25 27 29 ITEM


Post Ref.

J1 J1 J1 J1 J1 J2 J2 J2 J2 J2 J2

DEBIT 10 0 0 0 5 0 0 7 5 0 6 5 1 5 1 5 0 5 0 0

CREDIT 00 00 00 00 00 00 00 3 5 0 00

8 5 00 1 0 0 00 5 0 0 00

DEBIT 10 0 0 0 9 5 0 0 10 2 5 0 10 1 8 5 10 1 7 0 10 0 2 0 9 5 2 0 9 8 7 0 9 7 8 5 9 6 8 5

CREDIT 00 00 00 00 00 00 00 00 00 00

9 1 8 5 00

ACCOUNT

Office Supplies
Post Ref.

ACCOUNT NO.

142

DATE Jan 11

ITEM

J2

DEBIT 3 0 0 00

CREDIT

Balance DEBIT CREDIT 3 0 0 00

ACCOUNT

Office Equipment
Post Ref.

ACCOUNT NO.

181

DATE Jan 3

ITEM

J1

DEBIT 1 5 0 0 00

CREDIT

Balance DEBIT CREDIT 1 5 0 0 00

ACCOUNT

Account Payable
Post Ref.

ACCOUNT NO.

202

DATE Jan 3 11 15

ITEM

DEBIT

J1 J2 J2

CREDIT 1 5 0 0 00 3 0 0 00

1 5 0 00

Balance DEBIT CREDIT 1 5 0 0 00 3 0 0 00 1 6 5 0 00

ACCOUNT

Jean Jones, Capital


Post Ref.

ACCOUNT NO.

311

DATE Jan 1

ITEM

DEBIT

J1

CREDIT 10 0 0 0 00

Balance DEBIT CREDIT 10 0 0 0 00

Mytuyet Huynh

GENERAL LEDGER
ACCOUNT

Jean Jones, Drawing


Post Ref.

ACCOUNT NO.

312

DATE Jan 27

ITEM

J2

DEBIT 1 0 0 00

CREDIT

Balance DEBIT CREDIT 1 0 0 00

ACCOUNT

Consulting Fee
Post Ref.

ACCOUNT NO.

401

DATE Jan 5 21

ITEM

DEBIT

J1 J2

CREDIT 7 5 0 00 3 5 0 00

Balance DEBIT CREDIT 7 5 0 00 1 1 0 0 00

ACCOUNT

Wages Expense
Post Ref.

ACCOUNT NO.

511

DATE Jan 18 29

ITEM

J2 J3

DEBIT 5 0 0 00 5 0 0 00

CREDIT

Balance DEBIT CREDIT 5 0 0 00 1 0 0 0 00

ACCOUNT

Rent Expense
Post Ref.

ACCOUNT NO.

521

DATE Jan 2

ITEM

J1

DEBIT 5 0 0 00

CREDIT

Balance DEBIT CREDIT 5 0 0 00

ACCOUNT

Telephone Expense
Post Ref.

ACCOUNT NO.

525

DATE Jan 8

ITEM

J1

DEBIT 6 5 00

CREDIT

Balance DEBIT CREDIT 6 5 00

ACCOUNT

Utilities Expense
Post Ref.

ACCOUNT NO.

523

DATE Jan 25

ITEM

J2

DEBIT 8 5 00

CREDIT

Balance DEBIT CREDIT 8 5 00

ACCOUNT

Miscellaneous Expense
Post Ref.

ACCOUNT NO.

549

DATE Jan 10

ITEM

J1

DEBIT 1 5 00

CREDIT

Balance DEBIT CREDIT 1 5 00

Mytuyet Huynh

Jones Consulting Trial Balance January 31, 20-ACCOUNT TITLE


Acct. No.

Debit Balance

Credit Balance

Cash Office Supplies Office Equipment Account Payable Jean Jones, Capital Jean Jones, Drawing Consulting Fees Wages Expense Rent Expense Telephone Expense Utilities Expense Miscellaneous Expense

101 142 181 202 311 312 401 511 521 525 533 549

9 1 8 5 00 3 0 0 00 1 5 0 0 00 1 6 5 0 00 10 0 0 0 00 1 0 0 00 1 1 0 0 00 1 0 0 0 00 5 0 0 00 6 5 00 8 5 00 1 5 00 12 7 5 0 00 12 7 5 0 00

Mytuyet Huynh

Jones Consulting Income Statement For Month Ending Janaury 31, 20-Revenues
Consulting Fee $1 1 0 0 00

Expenses
Wages Expense Rent Expense Telephone Expense Utilities Expense Miscellaneous Expense Total Expenses $1 0 0 0 00 5 0 6 8 1 0 5 5 5 00 00 00 00 $1 6 6 5 00 5 6 0 00

Net Loss

Jones Consulting Statement of Owner's Equity For Month Ending Janaury 31, 20-Jean Jones, Capital, January 1, 20-$10 0 0 0 00 $10 0 0 0 00 5 6 0 00 1 0 0 00 6 6 5 00 $9 3 3 5 00

Investment during January


Total Investment Net Loss for January

Less Withdrawls for January


Increase in Capital Jean Jones, Capital, January 31, 20--

(Balance Sheet on Reverse Side)

Jones Consulting Balance Sheet For Month Ending January 31, 20-Assets

Liabilities Cash
$9 1 8 5 00 3 0 0 00 $1 5 0 0 00 $10 9 8 5 00 Total Liabilities and owner's equity $10 9 8 5 00 Account Payable $1 6 5 0 00

Office Supplies Office Equipment Total Assets

Owner's Equity
Jean Jones, Capital $9 3 3 5 00

TJ Paint Services Income Statement For Month Ending July 31, 20-Revenues
Painting Fee $3 6 0 0 00

Expenses
Wages Expense Rent Expense Telephone Expense Transportation Expense Utilities Expense Miscellaneous Expense Total Expenses 9 0 0 00 2 5 5 6 7 2 0 0 0 0 5 00 00 00 00 00 $1 3 5 5 00 $2 2 4 5 00

Net Income

TJ Paint Services Statement of Owner's Equity For Month Ending July 31, 20-TJ Ulza, Capital, July 1, 20-$3 2 0 5 00 Total Investment Net Income for July $3 2 0 5 00 $2 2 4 5 00 5 0 0 00 $1 7 4 5 00 $4 9 5 0 00

Investment during July

Less Withdrawls for July


Increase in Capital TJ Ulza, Capital, July 31, 20--

(Balance Sheet on Reverse Side)

Mytuyet Huynh

Chapter 4: Exercise 4-7A

Professor Francis

TJ Paint Services Balance Sheet For Month Ending July 31, 20-Assets

Liabilities Cash
$9 1 3 $1 5 9 8 0 0 0 5 0 0 0 00 00 00 00 Account Payable $2 1 5 0 00

Account Receivable Supplies Paint Equipment Total Assets

Owner's Equity
TJ Ulza, Capital $4 9 5 0 00 $7 1 0 0 00

$7 1 0 0 00 Total Liabilities and owner's equity

Mytuyet Huynh

Chapter 4: Exercise 4-7A

Professor Francis