ACCOUNTING PRINCIPALS I

ACC 100/ 101/106

Fall 2017
Assignment 1

Submitted to
Dr.Ziad Zeidan
Submitted by
Name
ID

Date

H. Burns,
General Journal
Account Titles
Re
f

Debit

Credit

Jan 2 Cash
Burns, Capital
3 Equipment
Cash
9 Supplies
Account payable
11 Account Receivable
Service revenue
16 Advertising expenses
Cash
20 Cash
Account receivable
23 Account Payable
Cash
28 Rent Expense
Cash

15,000
15,000
4,000
4,000
500
500
1,800
1,800
200
200
700
700
300
300
2,000
2,000

General Ledger
DATE

ITEM

POST.

Cash
DEBIT

CREDIT

BALANCE

REF.
Jan 2
Jan 3
Jan 16
Jan 20
Jan 23
Jan 28

DATE

15,000
700

300
200

ITEM

POST.
REF.

Jan 11
Jan 20

DATE

ITEM

POST.
REF.

Supplies
DEBIT

ITEM

POST.
REF.

500
300

ITEM

POST.
REF.

Burns, Capital
DEBIT
CREDIT
15,000

ITEM

POST.
REF.

Service revenue
DEBIT
CREDIT

Jan 11

DATE

1,800

ITEM

POST.
REF.

Jan 3

DATE

Jan 28

Equipment
DEBIT

CREDIT

4,000

ITEM

Jan 16

DATE

CREDIT

Account Payable
DEBIT
CREDIT

Jan 2

DATE

700

500

Jan 9
Jan 23

DATE

Accounts Receivable
DEBIT
CREDIT
1,800

Jan 9

DATE

4,000
200

ITEM

Advertising expenses
POST.
DEBIT
CREDIT
REF.
200

POST.
REF.

Rent Expense
DEBIT
CREDIT
2,000

H. Burns, Interior Decorator

Trial Balance
3

DEBIT
15,000
11,000
10,800
11,500
11,200
11,000

CREDIT

BALANCE
DEBIT
CREDIT
1,800
1,100

BALANCE
DEBIT
CREDIT
500

BALANCE
DEBIT
CREDIT
500
200

BALANCE
DEBIT
CREDIT
15,000

BALANCE
DEBIT
CREDIT
1,800

BALANCE
DEBIT
CREDIT
4,000

BALANCE
DEBIT
CREDIT
200

BALANCE
DEBIT
CREDIT
200,0

31 Jan 2013
Debit ($)
11,000
1,100
500
4000

Cash
Accounts Receivable
Supplies
Equipment
Accounts Payable
H. Burns, Capital
Service Revenue
Advertising Expense
Rent Expense

Credit ($)

200
15,000
1,800
200
2,000
$ 17,000

$ 17,000