GENERAL JOURNAL

Description PR Debit Credit CASH

a 1 Cash 105,000
S. Shelton, Capital 105,000 a
Investment by owner b
2 Office Equipment 6,000 c
S. Shelton, Capital 6,000 d
3 Drafting Equipment 45,000 e
S. Shelton, Capital 45,000 f
b Land 54,000 k
Cash 5,400 l
Account Payable 48,600 m
c Building 75,000 n
Cash 75,000 o
d Prepaid Insurance 6,000 p
Cash 6,000 q
e Cash 5,700
Engineering Fees Earned 5,700 ACCOUNTS RECEIVABLE
f Drafting Equipment 22,500
Cash 10,500 g
Account Payable 12,000 i
g Account Receivable 12,000 k
Engineering Fees Earned 12,000
h Office Equipment 2,250 PREPAID INSURANCE
Account Payable 2,250
i Account Receivable 18,000 d
Engineering Fees Earned 18,000
j Equipment Rental Expense 1,200 OFFICE EQUIPMENT
Account Payable 1,200
k Cash 7,200 a
Account Receivable 7,200 h
l Wages Expenses 1,500
Cash 1,500 DRAFTING EQUIPMENT
m Account Payable 2,250
Cash 2,250 a
n Drafting Equipment 675 f
Cash 675
o S. Shelton, Withdrawals 9,360 BUILDING
Cash 9,360
p Wages Expenses 1,500 c
Cash 1,500
q Advertising Expenses 3,000 LAND
Cash 3,000
 b

ACCOUNTS PAYABLE

h
j
m

NOTES PAYABLE

b
f

S. SHELTON, CAPITAL

a 1
2
3

S. SHELTON, WITHDRAW

ENGINEERING FEES EARN

e
g
i

WAGES EXPENSE

l
p

EQUIPMENT RENTAL EXP

ADVERTISING EXPENSE

REPAIRS EXPENSE
n
 BALANCE COLUMN ACCOUNT
CASH ACCOUNT No. 101
Description PR Debit Credit Balance
Initial investment 105,000 105,000
Purchased land 5,400 99,600
Purchased building 75,000 24,600
Prepaid Insurance 6,000 18,600
Collected from client 5,700 24,300
Purchased equipment 10,500 13,800
Collected from account receivable 7,200 21,000
Wages expenses 1,500 19,500
Paid for account payable 2,250 17,250
Purchased equipment 675 16,575
S. Shelton, Withdrawals 9,360 7,215
Wages to a drafting assistant 1,500 5,715
Advertising Expenses 3,000 2,715

ACCOUNTS RECEIVABLE ACCOUNT No. 106

Description PR Debit Credit Balance
Engineering fees earned 12,000 12,000
Engineering fees earned 18,000 30,000
Collected from account receivable 7,200 22,800

PREPAID INSURANCE ACCOUNT No. 108

Description PR Debit Credit Balance
Prepaid Insurance 6,000 6,000

OFFICE EQUIPMENT ACCOUNT No. 163

Description PR Debit Credit Balance
Office Equipment 6,000 6,000
Office Equipment 2,250 8,250

DRAFTING EQUIPMENT ACCOUNT No. 164

Description PR Debit Credit Balance
Drafting Equipment 45,000 45,000
Drafting Equipment 22,500 67,500

BUILDING ACCOUNT No. 170

Description PR Debit Credit Balance
Building 75,000 75,000

LAND ACCOUNT No. 172

Description PR Debit Credit Balance
 Land 54,000 54,000

ACCOUNTS PAYABLE ACCOUNT No. 201

Description PR Debit Credit Balance
Purchased equipment (account payable) 2,250 2,250
Purchased equipment (account payable) 1,200 3,450
Paid for account payable 2,250 1,200

NOTES PAYABLE ACCOUNT No. 250

Description PR Debit Credit Balance
Land 48,600 48,600
Equipment 12,000 60,600

S. SHELTON, CAPITAL ACCOUNT No. 301

Description PR Debit Credit Balance
Cash 105,000 105,000
Office Equipment 6,000 111,000
Drafting Equipment 45,000 156,000

S. SHELTON, WITHDRAWALS ACCOUNT No. 302

Description PR Debit Credit Balance
S. Shelton, Withdrawals 9,360 9,360

ENGINEERING FEES EARNED ACCOUNT No. 402

Description PR Debit Credit Balance
Engineering Fees Earned 5,700 5,700
Engineering Fees Earned 12,000 17,700
Engineering Fees Earned 18,000 35,700

WAGES EXPENSE ACCOUNT No. 601

Description PR Debit Credit Balance
Wages to a drafting assistant 1,500 1,500
Wages to a drafting assistant 1,500 3,000

EQUIPMENT RENTAL EXPENSE ACCOUNT No. 602

Description PR Debit Credit Balance
Equipment Rental Expense 1,200 1200

ADVERTISING EXPENSE ACCOUNT No. 603

Description PR Debit Credit Balance
Advertising Expenses 3,000 3,000

REPAIRS EXPENSE ACCOUNT No. 604

Description PR Debit Credit Balance
Maintenance of drafting equipment. 675 675
 TRIAL BALANCE JUNE 31
Debits Credits
Cash $2,715
Accounts Receivable 22,800
Prepaid Insurance 6,000
Office Equipment 8,250
Drafting Equipment 67,500
Building 75,000
Land 54,000
Accounts Payable $1,200
Notes Payable 60,600
S. Shelton, Capital 156,000
S. Shelton, Withdrawals 9,360
Engineering Fees Earned 35,700
Wages Expense 3,000
Equipment Rental Expense 1,200
Advertising Expense 3,000
Repairs Expense 675
Total $253,500 $253,500