Transaction Account Debit Credit

Accounts Receivables 25 000 000.00

1
Sales Revenue 25 000 000.00
Players Contract 15 000 000.00
2
Accounts Payable 15 000 000.00
Cash 50 000 000.00
3
Unearned Revenue 50 000 000.00
Cash 12 500 000.00
4
Accounts Receivables 12 500 000.00
Cars 3 000 000.00
5
Cash 3 000 000.00
Notes payable 5 000 000.00
6
Cash 5 000 000.00
Electricity expense 1 000 000.00
7
Cash 1 000 000.00
Salaries expense 12 000 000.00
8
Cash 12 000 000.00
Marketing expense 4 000 000.00
9
Cash 4 000 000.00
TOTAL 127 500 000.00 127 500 000.00
 Opening Balance Transaction
Account Name
Debit Credit Debit Credit
Cash 50,000,000 37,500,000 0
Accounts Receivables 25,000,000 12,500,000 0
Inventory 15,000,000 0 0
Supplies 10,000,000 0 0
Cars 0 3,000,000 0
PPE 20,000,000 0 0
Building 30,000,000 0 0
Player Contracts 150,000,000 15,000,000 0
Salaries Exp. 0 12,000,000 0
Electricity Exp. 0 1,000,000 0
Marketing expense 0 4,000,000 0
Sales Revenue 0 0 25,000,000
Share Capital 25,000,000 0 0
RE 150,000,000 0 0
Unearned rev 0 0 50,000,000
Accounts payable 50,000,000 0 15,000,000
Notes payable 25,000,000 5000000
Accumulated Dep. - PPE 8,000,000 0 0
Accumulated Dep. - Building 12,000,000 0 0
Accumulated Dep. - Contracts 30,000,000 0 0
Total Balance 300,000,000 300,000,000 90,000,000 90,000,000
 Closing Balance
Debit Credit
87,500,000
37,500,000
15,000,000
10,000,000
3,000,000
20,000,000
30,000,000
165,000,000
12,000,000
1,000,000
4,000,000
25,000,000
25,000,000
150,000,000
50,000,000
65,000,000
20,000,000
8,000,000
12,000,000
30,000,000
385,000,000 385,000,000
Transaction Account
Supplies expense
1
Supplies
Depreciation expense - Cars
2
Accumulated depreciation - Cars
Depreciation expense - PPE
3
Accumulated depreciation - PPE
Depreciation expense - Building
4
Accumulated depreciation - Building
Depreciation expense - PC
5
Accumulated depreciation - PC
Unearned Revenue
6
Sales Revenue
Salaries expense
7
Salaries payable
Accounts receivable
8
Sales Revenue
TOTAL

Explanation
1. Supplies
Supplies ending balance = beginning balance
plus: Purchases
minus: used
equal: Ending balance
find x = 4000000
2. Depreciation:
Cars
Depreciation expense - cars = 350000

PPE:
Depreciation expense - PPE = 4000000

Building:
Depreciation expense - Building = 3000000

Player Contracts:
Depreciation expense - PC = 33000000
3. Unearned rev.
unearned rev. = 25000000
4. Salaries expense
 Salaries expense = 500000
5. Accounts Receivable
Accounts receivable = 10000000
 Debit Credit
4 000 000.00
4 000 000.00
350 000.00
350 000.00
4 000 000.00
4 000 000.00
3 000 000.00
3 000 000.00
33 000 000.00
33 000 000.00
25 000 000.00
25 000 000.00
500 000.00
500 000.00
10 000 000.00
10 000 000.00
79 850 000.00 79 850 000.00

10000000
0
x
6000000
 Opening Balance Transaction
Account Name
Debit Credit Debit Credit
Cash 50,000,000 0 37,500,000 0
Accounts Receivables 25,000,000 0 12,500,000 0
Inventory 15,000,000 0 0 0
Supplies 10,000,000 0 0 0
Cars 0 0 3,000,000 0
PPE 20,000,000 0 0 0
Building 30,000,000 0 0 0
Player Contracts 150,000,000 0 15,000,000 0
Supplies expense 0 0 0 0
Salaries Exp. 0 0 12,000,000 0
Electricity Exp. 0 0 1,000,000 0
Marketing expense 0 0 4,000,000 0
Depreciation expense - Cars 0 0 0 0
Depreciation expense - PPE 0 0 0 0
Depreciation expense - Building 0 0 0 0
Depreciation expense - PC 0 0 0 0
Sales Revenue 0 0 0 25,000,000
Share Capital 0 25,000,000 0 0
RE 0 150,000,000 0 0
Unearned rev 0 0 0 50,000,000
Salaries payable
Accounts payable 0 50,000,000 0 15,000,000
Notes payable 0 25,000,000 5000000
Accumulated depreciation - Cars 0 0 0 0
Accumulated Dep. - PPE 0 8,000,000 0 0
Accumulated Dep. - Building 0 12,000,000 0 0
Accumulated Dep. - Contracts 0 30,000,000 0 0
Total Balance 300,000,000 300,000,000 90,000,000 90,000,000
Unajusted Trial Balance Balance Adjusting Entries
Debit Credit Debit Credit
87,500,000 0 0 0
37,500,000 0 10,000,000
15,000,000 0 0
10,000,000 0 0 4,000,000
3,000,000 0 0 0
20,000,000 0 0 0
30,000,000 0 0 0
165,000,000 0 0 0
0 0 4,000,000 0
12,000,000 0 500,000 0
1,000,000 0 0 0
4,000,000 0 0 0
0 0 350,000 0
0 0 4,000,000 0
0 0 3,000,000 0
0 0 33,000,000 0
0 25,000,000 0 35,000,000
0 25,000,000 0 0
0 150,000,000 0 0
0 50,000,000 25,000,000 0
0 500,000
0 65,000,000 0 0
0 20,000,000 0 0
0 0 0 350,000
0 8,000,000 0 4,000,000
0 12,000,000 0 3,000,000
0 30,000,000 0 33,000,000
385,000,000 385,000,000 79,850,000 79,850,000
Adjusted Trial Balance Balance
Debit Credit
87,500,000 0
47,500,000 0
15,000,000 0
6,000,000 0
3,000,000 0
20,000,000 0
30,000,000 0
165,000,000 0
4,000,000 0
12,500,000 0
1,000,000 0
4,000,000 0
350,000 0
4,000,000 0
3,000,000 0
33,000,000 0
0 60,000,000
0 25,000,000
0 150,000,000
0 25,000,000
0 500,000
0 65,000,000
0 20,000,000
0 350,000
0 12,000,000
0 15,000,000
0 63,000,000
435,850,000 435,850,000
Transaction Account Debit Credit
Sales Revenue 60 000 000.00
1
RE 60 000 000.00
RE 21 500 000.00
Supplies expense 4,000,000
2 Salaries Exp. 12,500,000
Electricity Exp. 1,000,000
Marketing expense 4,000,000
TOTAL 81 500 000.00 81 500 000.00
 Opening Balance Transaction
Account Name
Debit Credit Debit Credit
Cash 50,000,000 0 37,500,000 0
Accounts Receivables 25,000,000 0 12,500,000 0
Inventory 15,000,000 0 0 0
Supplies 10,000,000 0 0 0
Cars 0 0 3,000,000 0
PPE 20,000,000 0 0 0
Building 30,000,000 0 0 0
Player Contracts 150,000,000 0 15,000,000 0
Supplies expense 0 0 0 0
Salaries Exp. 0 0 12,000,000 0
Electricity Exp. 0 0 1,000,000 0
Marketing expense 0 0 4,000,000 0
Depreciation expense - Cars 0 0 0 0
Depreciation expense - PPE 0 0 0 0
Depreciation expense - Building 0 0 0 0
Depreciation expense - PC 0 0 0 0
Sales Revenue 0 0 0 25,000,000
Share Capital 0 25,000,000 0 0
RE 0 150,000,000 0 0
Unearned rev 0 0 0 50,000,000
Salaries payable
Accounts payable 0 50,000,000 0 15,000,000
Notes payable 0 25,000,000 5000000
Accumulated depreciation - Cars 0 0 0 0
Accumulated Dep. - PPE 0 8,000,000 0 0
Accumulated Dep. - Building 0 12,000,000 0 0
Accumulated Dep. - Contracts 0 30,000,000 0 0
Total Balance 300,000,000 300,000,000 90,000,000 90,000,000
Unajusted Trial Balance Balance Adjusting Entries
Debit Credit Debit Credit
87,500,000 0 0 0
37,500,000 0 10,000,000
15,000,000 0 0
10,000,000 0 0 4,000,000
3,000,000 0 0 0
20,000,000 0 0 0
30,000,000 0 0 0
165,000,000 0 0 0
0 0 4,000,000 0
12,000,000 0 500,000 0
1,000,000 0 0 0
4,000,000 0 0 0
0 0 350,000 0
0 0 4,000,000 0
0 0 3,000,000 0
0 0 33,000,000 0
0 25,000,000 0 35,000,000
0 25,000,000 0 0
0 150,000,000 0 0
0 50,000,000 25,000,000 0
0 500,000
0 65,000,000 0 0
0 20,000,000 0 0
0 0 0 350,000
0 8,000,000 0 4,000,000
0 12,000,000 0 3,000,000
0 30,000,000 0 33,000,000
385,000,000 385,000,000 79,850,000 79,850,000
Adjusted Trial Balance Balance Closing Entries Post closing Trial balance
Debit Credit Debit Credit Debit
87,500,000 0 0 0 87,500,000
47,500,000 0 0 0 47,500,000
15,000,000 0 0 0 15,000,000
6,000,000 0 0 0 6,000,000
3,000,000 0 0 0 3,000,000
20,000,000 0 0 0 20,000,000
30,000,000 0 0 0 30,000,000
165,000,000 0 0 0 165,000,000
4,000,000 0 0 4,000,000 0
12,500,000 0 0 12,500,000 0
1,000,000 0 0 1,000,000 0
4,000,000 0 0 4,000,000 0
350,000 0 0 0 350,000
4,000,000 0 0 0 4,000,000
3,000,000 0 0 0 3,000,000
33,000,000 0 0 0 33,000,000
0 60,000,000 60,000,000 0 0
0 25,000,000 0 0 0
0 150,000,000 21,500,000 60,000,000 0
0 25,000,000 0 0 0
0 500,000 0 0 0
0 65,000,000 0 0 0
0 20,000,000 0 0 0
0 350,000 0 0 0
0 12,000,000 0 0 0
0 15,000,000 0 0 0
0 63,000,000 0 0 0
435,850,000 435,850,000 81,500,000 81,500,000 414,350,000
closing Trial balance
Credit
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
25,000,000
188,500,000
25,000,000
500,000
65,000,000
20,000,000
350,000
12,000,000
15,000,000
63,000,000
414,350,000