During May, Pizza Aroma sells pizza to restaurant

customers for 12,000.

h Cash 12,000
Pizza Revenues 12,000

Slide 1
Pizza Aroma delivers 2,000 in pizza on account to various
college departments

i A/R 2,000
Pizza Revenues 2,000

Slide 2
 Fraternities place large orders for end-of-May graduation
events and for mid June reunion weekend, giving Pizza
Aroma $600 cash on deposit in mid-May

j Cash 600
Unearned Revenues 600

Slide 3
Pizza Aroma purchases $ 3,000 of additional supplies,
paying 2,200 in cash and owing the rest on account.

k Supplies 3,000
Cash 2,200
A/P 800

Slide 4
 Pizza Aroma pays $ 800 cash for newspaper advertisement
during May

l Advertising Exp. 800

Cash 800

Slide 5
Pizza Aroma pays $ 1000 cash to employees for work
during May

M Wages Exp. 1,000

Cash 1,000

Slide 6
College departments pay Pizza Aroma $ 1,300 cash owed
on their accounts (see event [i])

n Cash 1,300
A/R 1,300

Slide 7
Pizza Aroma receives and pays a $ 600 bill for telephone
service in May

o Tele service Exp. 600

Cash 600

Slide 8
At the end of May, Pizza Aroma purchases insurance for its
restaurant equipment, paying $ 2,400 cash to cover the
months of June, July, and August.

p Prepaid Insurance 2,400

Cash 2,400

Slide 9
Owner Mauricio Rosa withdraws $ 3,000 in cash at the end
of May

q M. Rosa, Drawing 3,000

Cash 3,000

Slide 10
 The Journal Page

a. Date of the transaction

b. Title of the account debited, along with the amount
c. Title of the account credited, along with the amount
d. Brief explanation of the transaction
 Posting
Copying amounts from the journal to the ledger

12
Posting

14
Posting

15
 The trial balance
• Listing of all accounts and their balances

16
The trial balance
.
 Unadjusted Trial Balance
Pizza Aroma Amounts
Amounts
Unadjusted Trial Balance come
comefrom
from
On May 31, 2009 ledger
ledger
Debit Credit balances
balances
Cash $ 9,100
Investments 6,000
Accounts Receivable 700 Not
Notaa
Supplies 5,000 financial
financial
Prepaid Rent 4,800 statement
statement
Prepaid Insurance 2,400
Equipment 36,000
Accounts Payable $ 4,800
Unearned Revenue 600
Debits
Debits==Credits
Credits
Notes Payable 20,000
M. Rosa, Capital 30,000
M. Rosa, Drawing 3,000
Pizza Revenue 14,000 Listed
Wages Expense 1,000 Listedin
in
financial
financial
Telephone Service Expense 600
Advertising Expense 800
statement
statement
Total $ 69,400 $ 69,400 order
order
Slide 18