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GENERAL JOURNAL

date ACCOUNT TITLES SEPT#1 CASH Owners capita Cash deposited into busninees SETP#1 Prepaid rent Cash Paid rent for three montshs advance SEPT#1 Rental equipment Cash notes payable purchased asset for cash and issued SEPT# 4Office supplies assets accounts payable purchased supplies on accounts SEPT# 8cash unearned rental fee received advacne for services SEPT# 12 salaries expense cash paid salaries SEPT# 15 accounts recievable cash rental fee earned SEPT# 17 aintainence expense m accounts payable purchases on accounts SEPT#23 cash accounts recievable received cash on 15th sep SEPT# 25O ENTRY N SEPT # 26 salaries expense cash paid salaries SEPT #27 accounts payable cash paid accounts payable of earth movers SEPT # 28 Owners Dwaings cash owners withdrwa cash SEPT# 29nexpired Insurance u cash L.p Debit 100,000 100,000 9,000 9,000 180,000 70,000 110,000 1630 1630 10,000 10,000 3600 3600 800 5300 6100 390 390 210 210 Credit

3600 3600 340 340 2000 2000 2700 2700

purchased insurance policy SEPT #30tility Expense u accounts payable SEPT# 30ash C retal fee earned

270 270 8450 8450

LEDGER ACCOUNTS
CASH
date Details debit credit balance 1 owners capital 100,000 ### 1 prepaid rent 9000 9000 1 rental expense 70000 21000 8 unearned rentel fee 10000 31000 12 salaires expense 3600 27400 15 rent fees earned 5300 32700 27 accounts recivable 210 32910 25 salaries expense 3600 29310 27 accounts payable 340 20650 28 owners drawing 2000 27650 29 unexpired insurance 2700 30350 30 rental fee 8450 32720

OWNERS CAPITAL
date Details 1 cash debit credit balance 100,000 ###

ACCOUNTS RECEIVABLE date Details debit credit balance 15 rental fee earned 830 800 23 cash 210 590

PREPAID RENT
date Details 1 cash debit 9000 credit balance 9000

MAINTENECE EXPENSE
date Details 17 accounts payable debit 340 credit balance 340

RENTAL FEE EARNED
date Details 15 cash 30 cash debit credit balance 6100 6100 8450 14550

ACCOUNTS PAYABLE
date Details debit credit balance

4 17 27 30

office supplies maintenance expense cash 340 utility expense

1630 340 270

1630 1970 1630 1900

OWNERS DRAWINGS
date Details 29 cash debit 2000 credit balance 2000

UNEXPIERD INSURENCE
date Details 29 cash debit 2700 credit balance 2700

SALARAIES EXPENCE
date Details 12 cash 26 cash debit 3600 3600 credit balance 3600 7200

UNEARNED RENTAL FEE
date Details 8 cash debit credit balance 10000 10000

OFFICE SUPPLIES ASSESTs
date Details 4 accounts payable debit 1630 credit balance 1630

NOTES PAYABLE
date Details 1 rental equipment debit credit balance 110,000 ###

RENTAL EQIPMENT
date Details 1 cash debit credit 180000 balance 180000

UTILITY EXPESE
date Details 30 accounts payable debit 270 credit balance 270

HAMEED'S RENTED TRIAL BALANCE AS ON 30th SEPtEMBER,2008 cash accounts receivable prepaid rent office supplies asset renteal equipment unexpired insurance owners capital unearned rental fees notes payable rental fee earned accounts payable owners drawings salaries expense maintenance expense utility expense TOTAL ### 590 9000 1630 ### 2700 ### ### ### 14,550 19,00 2000 7200 340 170 ### ###

ADJUSTED ENTRIES
date a accounts titles rent expense prepaid rent b rent expired of september intrest expense intrest payable accrued intrest depritiation expense-rental equipment accumulated depretiation depritiation 180,000/12/12 office supplies expense office supplies office supplies consumed unearned rental fees rental fee eaerned servies renderd of advance taken accounts recievable renteal fes earned 5 days consuption received amount salaries expense salaries payable salaries are payable l.p debit credit $3,000 $3,000 825 825 1500 1500 530 530 4840 4840 500 500 900 900

c

d

e

f

g

HAMEED'S RENTAL ADJUSTED TRIAL BALANCE AS ON 30 Th SEPTEMBER,2008 cash ### accounts receivable 1090 prepaid rent 6000 office supplies asset 1100 rental equipment 18000 unexpired insurance 2700 owners capital 100000 uneraned rental fees 5160 notes payable 110000 rental fee earned 20430 acounts payable 1900 intrest payable 825 accumulated depritiation 1500 salaires payable 900 owners drawings 2000 salaries expense 8100 maintenense expense 340 utility expense 270 rent expense 3000 intrest expense 825 depritiation expense :rental equipment 1500 office supplies expense 530 TOTAL ### ###

HAMEED'S RENTAL BALANCE SHEET AS ON 30 th SEPTEMBER,2008
ASSETS cash accounts receviable prepaid rent office supplies unexpired insurance rental equipment 180000 less depritiation 1500 AMOUNT LIABILITIES $32,720 accounts payable 1090 notes payable 6000 intrest payable 1100 salaries payable 2700 unearned rental fees 178,500 OWNERS EQUITY owners capital 100,000 less drawings 2000 98000 add net income 5865 222,110

R,2008
AMOUNT $1,900 110000 825 900 5160

103865 222,110