GENERAL JOURNAL

DOC. POST.
DATE ACCOUNT TITLE NO. REF.

1 May 1 Cash R1 110

2 Brian Dawson, Capital 310

3 1 Rent Expense C1 540

4 Cash 110

5 2 Utilities Expense C2 570

6 Cash 110

7 4 Supplies C3 150

8 Cash 110

9 4 Prepaid Insurance C4 160

10 Cash 110

11 7 Supplies M1 150

12 Accounts Payable - Dunn Supplies 210

13 11 Petty Cash C5 120

14 Cash 110

15 12 Cash T12 110

16 Sales 410

17 13 Repairs Expense C6 550

18 Cash 110

19 13 Miscellaneous Expense C7 530

20 Cash 110

21 13 Accounts Receivable - Midwest College S1 140

22 Sales 410

23 14 Advertising Expense C8 510

24 Cash 110

25 15 Brian Dawson, Drawing C9 320

26 Cash 110

27 15 Accounts Payable - Dunn Supplies C10 210

28 Cash 110
29 15 Accounts Receivable - Matterhorn University S2 130

30 Sales 410

31 18 Miscellaneous Expense C11 530

32 Cash 110

33 18 Cash R2 110

34 Accounts Receivable - Midwest College 140

 PAGE 1
1 2
GENERAL
DEBIT CREDIT

15000.00 1

15000.00 2

1800.00 3

1800.00 4

105.00 5

105.00 6
450.00 7

450.00 8

1200.00 9

1200.00 10

900.00 11

900.00 12

250.00 13

250.00 14

475.00 15

475.00 16

250.00 17

250.00 18

40.00 19

40.00 20
225.00 21

225.00 22

300.00 23

300.00 24

200.00 25

200.00 26
500.00 27

500.00 28
425.00 29

425.00 30
95.00 31

95.00 32

125.00 33

125.00 34
 GENERAL JOURNAL
DOC. POST.
DATE ACCOUNT TITLE NO. REF.

1 May 19 Cash T19 110

2 Sales 410

3 20 Repairs Expense C12 550

4 Cash 110

5 20 Supplies M2 150

6 Accounts Payable - Greeway Supplies 220

7 21 Utilities Expense C13 570

8 Cash 110

9 25 Supplies C14 150

10 Cash 110

11 25 Cash T25 110

12 Sales 410

13 26 Miscellaneous Expense C15 530

14 Cash 110

15 26 Cash R3 110

16 Accounts Receivable - Matterhorn University 130

17 28 Utilities Expense C16 570

18 Cash 110

19 28 Cash T28 110

20 Sales 410

21 29 Miscellaneous Expense M3 530

22 Cash 110

23 29 Supplies C17 150

24 Cash 110

25 31 Miscellaneous Expense C18 530

26 Repairs Expense 550

27 Cash 110

28 31 Brian Dawson, Drawing C19 320

29 Cash 110

30 31 Cash T31 110

31 Sales 410

32

33

34
 PAGE 2
1 2
GENERAL
DEBIT CREDIT

1020.00 1

1020.00 2

160.00 3

160.00 4

120.00 5

120.00 6
265.00 7

265.00 8

25.00 9

25.00 10

1940.00 11

1940.00 12

37.00 13

37.00 14

250.00 15

250.00 16

245.00 17

245.00 18

650.00 19

650.00 20
15.00 21

15.00 22

30.00 23

30.00 24

120.00 25

45.00 26

165.00 27

1000.00 28
 1000.00 29

1355.00 30

1355.00 31

32

33

34
 Reinforcement Activity 1, Part A
Extreme Adventures

ACCOUNT Cash ACCOUNT NO. 110

POST. BALANCE
DATE ITEM REF. DEBIT CREDIT DEBIT CREDIT
May 1 G1 15000.00 15000.00
1 G1 1800.00 13200.00
2 G1 105.00 13095.00
4 G1 450.00 12645.00
4 G1 1200.00 11445.00
11 G1 250.00 11195.00
12 G1 475.00 11670.00
13 G1 250.00 11420.00
13 G1 40.00 11380.00
14 G1 300.00 11080.00
15 G1 200.00 10880.00
15 G1 500.00 10380.00
18 G1 95.00 10285.00
18 G1 125.00 10410.00
19 G2 1020.00 11430.00
20 G2 160.00 11270.00
21 G2 265.00 11005.00
25 G2 25.00 10980.00
25 G2 1940.00 12920.00
26 G2 37.00 12883.00
26 G2 250.00 13133.00
28 G2 245.00 12888.00
28 G2 650.00 13538.00
29 G2 15.00 13523.00
29 G2 30.00 13493.00
31 G2 165.00 13328.00
31 G2 1000.00 12328.00
31 G2 1355.00 13683.00

ACCOUNT Petty Cash ACCOUNT NO. 120

POST. BALANCE
DATE ITEM REF. DEBIT CREDIT DEBIT CREDIT
May 11 G1 250.00 250.00
ACCOUNT Accounts Receivable - Matterhorn University ACCOUNT NO. 130

POST. BALANCE
DATE ITEM REF. DEBIT CREDIT DEBIT CREDIT
May 15 G1 425.00 425.00
26 G2 250.00 175.00

ACCOUNT Accounts Receivable - Midwest College ACCOUNT NO. 140

POST. BALANCE
DATE ITEM REF. DEBIT CREDIT DEBIT CREDIT
May 13 G1 225.00 225.00
18 G1 125.00 100.00

ACCOUNT Supplies ACCOUNT NO. 150

POST. BALANCE
DATE ITEM REF. DEBIT CREDIT DEBIT CREDIT
May 4 G1 450.00 450.00
7 G1 900.00 1350.00
20 G2 120.00 1470.00
25 G2 25.00 1495.00
29 G2 30.00 1525.00
31 G3 900.00 625.00

ACCOUNT Prepaid Insurance ACCOUNT NO. 160

POST. BALANCE
DATE ITEM REF. DEBIT CREDIT DEBIT CREDIT
May 4 G1 1200.00 1200.00
31 G3 100.00 1100.00

ACCOUNT Accounts Payable - Dunn Supplies ACCOUNT NO. 210

POST. BALANCE
DATE ITEM REF. DEBIT CREDIT DEBIT CREDIT
May 7 G1 900.00 900.00
15 G1 500.00 400.00
ACCOUNT Accounts Payable - Greenway Supplies ACCOUNT NO. 220

POST. BALANCE
DATE ITEM REF. DEBIT CREDIT DEBIT CREDIT
May 20 G2 120.00 120.00

ACCOUNT Brian Dawson, Capital ACCOUNT NO. 310

POST. BALANCE
DATE ITEM REF. DEBIT CREDIT DEBIT CREDIT
May 1 G1 15000.00 15000.00
31 G3 1613.00 16613.00
31 G3 1200.00 15413.00

ACCOUNT Brian Dawson, Drawing ACCOUNT NO. 320

POST. BALANCE
DATE ITEM REF. DEBIT CREDIT DEBIT CREDIT
May 15 G1 200.00 200.00
31 G2 1000.00 1200.00
31 G3 1200.00 - -

ACCOUNT Income Summary ACCOUNT NO. 330

POST. BALANCE
DATE ITEM REF. DEBIT CREDIT DEBIT CREDIT
May 31 G3 6090.00 6090.00
31 G3 4477.00 1613.00
31 G3 1613.00 - -
ACCOUNT Sales ACCOUNT NO. 410

POST. BALANCE
DATE ITEM REF. DEBIT CREDIT DEBIT CREDIT
May 12 G1 475.00 475.00
13 G1 225.00 700.00
15 G1 425.00 1125.00
19 G2 1020.00 2145.00
25 G2 1940.00 4085.00
28 G2 650.00 4735.00
31 G2 1355.00 6090.00
31 G3 6090.00 - -

ACCOUNT Advertising Expense ACCOUNT NO. 510

POST. BALANCE
DATE ITEM REF. DEBIT CREDIT DEBIT CREDIT
May 14 G1 300.00 300.00
31 G3 300.00 - -

ACCOUNT Insurance Expense ACCOUNT NO. 520

POST. BALANCE
DATE ITEM REF. DEBIT CREDIT DEBIT CREDIT
May 31 G3 100.00 100.00

31 G3 100.00 - -

ACCOUNT Miscellaneous Expense ACCOUNT NO. 530

 POST. BALANCE
DATE ITEM REF. DEBIT CREDIT DEBIT CREDIT
May 13 G1 40.00 40.00
18 G1 95.00 135.00
26 G2 37.00 172.00
29 G2 15.00 187.00
29 G2 120.00 307.00
31 G3 307.00 - -

ACCOUNT Rent Expense ACCOUNT NO. 540

POST. BALANCE
DATE ITEM REF. DEBIT CREDIT DEBIT CREDIT
May 1 G1 1800.00 1800.00
31 G3 1800.00 - -

ACCOUNT Repair Expense ACCOUNT NO. 550

POST. BALANCE
DATE ITEM REF. DEBIT CREDIT DEBIT CREDIT
May 13 G1 250.00 250.00
20 G2 160.00 410.00
29 G2 45.00 455.00
31 G3 455.00 - -

ACCOUNT Supplies Expense ACCOUNT NO. 560

POST. BALANCE
DATE ITEM REF. DEBIT CREDIT DEBIT CREDIT
May 31 G3 900.00 900.00
31 G3 900.00 - -

ACCOUNT Utilities Expense ACCOUNT NO. 570

POST. BALANCE
 DATE ITEM REF. DEBIT CREDIT DEBIT CREDIT
May 2 G1 105.00 105.00
21 G2 265.00 370.00
28 G2 245.00 615.00
31 G3 245.00 - -
5-2 Work Together, p. 128
Reconciling a bank statement and recording a bank service charge

RECONCILIATION OF BANK STATEMENT Ma

Balance On Check Stub No. 17 13538.00 Balance On Bank State

DEDUCT BANK CHARGES: ADD OUTSTANDING DEP

Description Amount Date
Service Charge 15.00 5/28/13

SUBTOTAL
DEDUCT OUTSTANDING
Total bank charges è 15.00 Ck. No.
14
15
16

Adjusted Check Stub Balance 13523.00 Adjusted Bank Balance

 May 29, 2013
(Date)

Balance On Bank Statement 13180.00

ADD OUTSTANDING DEPOSITS:

Date Amount
5/28/13 650.00

Total outstanding deposits è 650.00

SUBTOTAL 13830.00
DEDUCT OUTSTANDING CHECKS:
Amount Ck. No. Amount
25.00
37.00
245.00

Total outstanding checks è 307.00

Adjusted Bank Balance 13523.00

 Extreme Adventures
Work Sheet
For The Month Ended May 31, 2013
1 2 3

TRIAL BALANCE ADJUSTMENTS

ACCOUNT TITLE DEBIT CREDIT DEBIT
1 Cash $ 13,683.00
2 Petty Cash $ 250.00
3 A/R - Matterhorn Universty $ 175.00
4 A/R - Midwest College $ 100.00
5 Supplies $ 1,525.00
6 Prepaid Insurance $ 1,200.00
7 A/P - Dunn Supplies $ 400.00
8 A/P - Greenway Supplies $ 120.00
9 Brian Dawson, Capital $ 15,000.00
10 Brian Dawson, Drawing $ 1,200.00
11 Income Summary
12 Sales $ 6,090.00
13 Advertising Expense $ 300.00
14 Insurance Expense $ 100.00
15 Miscellaneous Expense $ 307.00
16 Rent Expense $ 1,800.00
17 Repair Expense $ 455.00
18 Supplies Expense $ 900.00
19 Utilities Expense $ 615.00
20 $ 21,610.00 $ 21,610.00 $ 1,000.00
21 Net Income
22

23

24

25

26

27

28

29

30

31

32

33

34

35
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37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72
xtreme Adventures

h Ended May 31, 2013

4 5 6 7 8
ADJUSTMENTS INCOME STATEMENT BALANCE SHEET
CREDIT DEBIT CREDIT DEBIT CREDIT
$ 13,683.00 1

$ 250.00 2

$ 175.00 3

$ 100.00 4

$ 900.00 $ 625.00 5

$ 100.00 $ 1,100.00 6

$ 400.00 7

$ 120.00 8

$ 15,000.00 9

$ 1,200.00 10

11

$ 6,090.00 12

$ 300.00 13

$ 100.00 14

$ 307.00 15

$ 1,800.00 16

$ 455.00 17

$ 900.00 18

$ 615.00 19

$ 1,000.00 $ 4,477.00 $ 6,090.00 $ 17,133.00 $ 15,520.00 20

$ 1,613.00 $ 1,613.00 21

$ 6,090.00 $ 6,090.00 $ 17,133.00 $ 17,133.00 22

23

24

25

26

27

28

29

30

31

32

33

34

35
36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72
 GENERAL JOURNAL
DOC. POST.
DATE ACCOUNT TITLE NO. REF.
2013 Adjusting Entries

1 May 31 Supplies Expense 560

2 Supplies 150

3 31 Insurance Expense 520

4 Prepaid Insurance 160

5 Closing Entries

6 31 Sales 410

7 Income Summary 330

8 31 Income Summary 330

9 Advertising Expense 510

10 Insurance Expense 520

11 Miscellaneous Expense 530

12 Rent Expense 540

13 Repair Expense 550

14 Supplies Expense 560

15 Utilities Expense 570

16 31 Income Summary 330

17 Brian Dawson, Capital 310

18 31 Brian Dawson, Capital 310

19 Brian Dawson, Drawing 320

20

21

22

23

24

25

26

27

28
29

30

31

32

33

34
 PAGE 3
1 2
GENERAL
DEBIT CREDIT

$ 900.00 1

$ 900.00 2

$ 100.00 3

$ 100.00 4

$ 6,090.00 6

$ 6,090.00 7

$ 4,477.00 8

$ 300.00 9

$ 100.00 10

$ 307.00 11

$ 1,800.00 12

$ 455.00 13

$ 900.00 14

$ 615.00 15

$ 1,613.00 16

$ 1,613.00 17

$ 1,200.00 18

$ 1,200.00 19

20

21

22

23

24

25

26

27

28
29

30

31

32

33

34
 Extreme Adventures
Income Statement
For the Month ended May 31, 2013

Revenue:
Sales
Expenses:
Advertising Expense $ 300.00
Insurance Expense $ 100.00
Miscellaneous Expense $ 307.00
Rent Expense $ 1,800.00
Repair Expense $ 455.00
Supplies Expense $ 900.00
Utilities Expense $ 615.00
Total Expenses
Net Income
 % OF
SALES

$ 6,090.00 100.00%

$ 4,477.00 73.51%
$ 1,613.00 26.49%
 Extreme Adventures
Balance Sheet
31-May-13

Assests Liabilities
Cash $ 13,683.00 A/P - Dunn Supplies
Petty Cash $ 250.00 A/P - Greenway Supplies
A/R - Matterhorn University $ 175.00 Total Liabilities
A/R - Midwest College $ 100.00 Owner's Equity
Supplies $ 625.00 Brian Dawson, Capital
Prepaid Insurance $ 1,100.00
Total Assests $ 15,933.00 Total Liabilities and Owner's Equity
$ 400.00
$ 120.00
$ 520.00

$ 15,413.00

$ 15,933.00
 Extreme Adventures
Post-Closing Trial Balance
31-May-13

ACCOUNT TITLE DEBIT

Cash $ 13,683.00
Petty Cash $ 250.00
A/R - Matterhorn University $ 175.00
A/R - Midwest College $ 100.00
Supplies $ 625.00
Prepaid Insurance $ 1,100.00
A/P - Dunn Supplies
A/P - Greenway Supplies
Brian Dawson, Capital
Totals $ 15,933.00
 CREDIT

$ 400.00
$ 120.00
$ 15,413.00
$ 15,933.00