GENERAL JOURNAL

DATE ACCOUNT TITLE DEBIT CREDIT

2002
April 4 Cash 10,000
Accounts Receivables 1,500
Supplies 1,250
Office Equipment 7,500
J. Addams, Capital 20,250
To record initial investment.

4 Prepaid Rent 4,500

Cash 4,500
To record the paid three months' rent.

4 Prepaid Insurance 1,800

Cash 1,800
To record the premium on propety and
casualty insurance policies for the year.

6 Cash 3,000
Unearned Service Revenue 3,000
To record the advance payment for
services to be provided to clients.

7 Furnitures and Fixtures 1,800

Account Payable 1,800
To record the purchased office furniture
on account from Morrilton Company.

8 Cash 800
Accounts Receivable 800
To record the received cash from account.

11 Advertising Expense 120

Cash 120
To record the paid newspaper
advertisement.

12 Accounts Payable 800

Cash 800
To record the paid amount owed to
Marrilton Company.

15 Accounts Receivables 2,250

Service Revenue 2,250
 To record the services provided on account
for the period April 4-15.

15 Salaries Expense 400

Cash 400
To record the paid two weeks salary of
a part-time receptionist.

15 Cash 3,175
Service Revenue 3,175
To record the service rendered and earned
cash from April 4-15.

18 Supplies 750
Cash 750
To record the purchased supplies.

22 Accounts Receivables 1,100

Service Revenue 1,100
To record the service provided on account
for the period April 18-22.

22 Cash 1,850
Service Revenue 1,850
To record the service rendered and earned
cash from April 18-22.

25 Cash 1,600
Accounts Receivable 1,600
To record the received cash on account.

27 Salaries Expense 400

Cash 400
To record the paid two weeks salary of
a part-time receptionist.

28 Telephone Expense 130

Cash 130
To record the paid telephone bill for April.

29 Utilities Expense 200

Cash 200
To record the electric bill for April.

29 Cash 2,050
 Service Revenue 2,050
To record the service rendered and earned
cash from April 25-29.

29 Accounts Receivables 1,000

Service Revenue 1,000
To record the service provided on account.

29 Salaries Expense 4,500

Cash 4,500
To record the paid salary to John.
 CASH
DATE DESCRIPTION DEBIT DATE
2002 2002
April 4 Initial Investment 10,000 April 4
6 Advance payment for service 3,000 4
8 Received cash on account 800 11
15 Service rendered 3,175 12
22 Service rendered 1,850 15
25 Service rendered 1,600 18
29 Service rendered 2,050 27
22,475 28
-13,600 29
Balance 8,875 29

ACCOUNTS RECEIVABLES
DATE DESCRIPTION DEBIT DATE
2002 2002
April 4 Initial investment 1,500 April 8
15 Service on account 2,250 25
22 Service on account 1,100
29 Service rendered on account 1,000
5,850
-2,400
Balance 3,450

SUPPLIES
DATE DESCRIPTION DEBIT DATE
2002
April 4 Initial Investment 1,250
18 Purchased supplies 750
Balance 2,000

PREPAID INSURANCE
DATE DESCRIPTION DEBIT DATE
2002
April 4 Paid premium insurance 1,800

PREPAID RENT
DATE DESCRIPTION DEBIT DATE
 2002
April 4 Paid three months' rent 4,500

EQUIPMENT
DATE DESCRIPTION DEBIT DATE
2002
April 4 Initial Investment 7,500

FURNITURES AND FIXTURES

DATE DESCRIPTION DEBIT DATE
2002
April 7 Acquistion of office furniture on account 1,800

ACCOUNTS PAYABLE
DATE DESCRIPTION DEBIT DATE
2002 2002
April 12 Paid amount owed 800 April 7

UNEARNED SERVICE REVENUE

DATE DESCRIPTION DEBIT DATE
2002
April 6

CAPITAL
DATE DESCRIPTION DEBIT DATE
2002
April 4

SERVICE REVENUE
DATE DESCRIPTION DEBIT DATE
2002
April 15
15
22
22
29
 29

SALARIES EXPENSE
DATE DESCRIPTION DEBIT DATE
2002
April 15 Paid two weeks salary 400
27 Paid two weeks salary 400
29 Paid salary to John 4,500
5,300

UTILITIES EXPENSE
DATE DESCRIPTION DEBIT DATE
2002
April 29 Paid electric bill 200

TELEPHONE EXPENSE
DATE DESCRIPTION DEBIT DATE
2002
April 28 Paid telephone bill 130

ADVERTISING EXPENSE
DATE DESCRIPTION DEBIT DATE
2002
April 11 Paid newspaper advertisment 120
 PAGE 1

DESCRIPTION CREDIT

Paid three months' rent 4,500

Paid insurance for a year 1,800
Paid advertising expense 120
Paid amount owed 800
Paid salary 400
Purchased supplies 750
Paid salary 400
Paid telephone bill 130
Paid electric bill 200
Paid salary 4,500
13,600

PAGE 2
LES
DESCRIPTION CREDIT

Received cash on account 800

Received cash on account 1,600
2400

PAGE 3

DESCRIPTION CREDIT

PAGE 4
CE
DESCRIPTION CREDIT

PAGE 5

DESCRIPTION CREDIT
 PAGE 6

DESCRIPTION CREDIT

PAGE 7
URES
DESCRIPTION CREDIT

PAGE 8
E
DESCRIPTION CREDIT

Purchased office furniture on account 1,800

-800
1,000

PAGE 9
VENUE
DESCRIPTION CREDIT

Advance payment for services 3,000

PAGE 10

DESCRIPTION CREDIT

Initial Investment 20,250

PAGE 11

DESCRIPTION CREDIT

Service rendered on account 2,250

Service rendered on cash 3,175
Service rendered on account 1,100
Service rendered on cash 1,850
Service rendered on cash 2,050
 Service rendered on account 1,000
11,425

PAGE 12
E
DESCRIPTION CREDIT

PAGE 13
E
DESCRIPTION CREDIT

PAGE 14
SE
DESCRIPTION CREDIT

PAGE 15
SE
DESCRIPTION CREDIT
 ADJUSTING ENTRIES
DATE ACCOUNT TITLE DEBIT CREDIT
2002
April 30 Insurance Expense 150
Prepaid Insurance 150
To take up the expired insurance.

30 Supplies Expense 980

Supplies 980
To adjust used supplies.

30 Depreciation Expense 500

Accumulated Depreciation, Office Equipment 500
To take up depreciation for the month.

30 Salaries Expense 20
Salaries Payable 20
To record unpaid salaries.

30 Rent Expense 1,500

Prepaid Rent 1,500
To take up expired rent.

30 Unearned Service Revenue 2,000

Service Revenue 2,000
To record the earned service revenue.
 UNADJUSTED TRIAL BALANCE ADJUSTING ENTRIES
ACCOUNT TITLES DEBIT CREDIT DEBIT
Cash 8,875
Account Receivables 3,450
Supplies 2,000
Prepaid Insurance 1,800
Prepaid Rent 4,500
Equipment 7,500
Furniture and Fixtures 1,800
Accounts Payable 1,000
Unearned Service Income 3,000 2,000
J. Addams, Captial 20,250
Service Revenue 11,425
Salaries Expense 5,300 20
Utilities Expense 200
Telephone Expense 130
Advertising Expense 120
35,675 35,675

Insurance Expense 150

Supplies Expense 980
Depreciation Expense 500
Accumulated Dep. - Office Equipment
Salaries Payable
Rent Expense 1,500
5,150
Net Income
ADJUSTING ENTRIES ADJUSTED TRIAL BALANCE INCOME STATEMENT BALANCE SHEET
CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT
8,875 8,875
3,450 3,450
980 1,020 1,020
150 1,650 1,650
1,500 3,000 3,000
7,500 7,500
1,800 1,800
1,000
1,000
20,250
2,000 13,425 13,425
5,320 5,320
200 200
130 130
120 120

150 150
980 980
500 500
500 500
20 20
1,500 1,500
5150 36,195 36,195 8,900 13,425 27,295
4,525
13,425 13,425 27,295
BALANCE SHEET
CREDIT

1,000
1,000
20,250

500
20

22,770
4,525
27,295