Date Account Tittles and Explanations Debit Credit

a. This transaction causes $100,750 debit to cash and $100, 750 credit to K. Spade, Capital
Cash $100,750
K. Spade, Capital $100,750
(To record the Owner's investment)

b. This transaction causes $1,250 debit to office supplies and $1,250 credit to cash
Office supplies $1,250
Cash $1,250
(To record the purchase office supplies by paying cash)

c. This transaction causes $10,050 debit to office equipment and $10,050 credit to fees earned
Office equipment $10,050
Accounts payable $10,050
(To record the purchase of office equipment on credit)

d. This transaction causes $15,500 debit to cash and $15,500 credit to fees earned
Cash $15,500
Fees earned $15,500
(To record cash receipts from customer)

e. This transaction causes $10,050 debit to accounts payable and $10,050 credit to cash
Accounts payable $10,050
Cash $10,050
(Paid cash on account)

f. This transaction causes $2,700 debit to accounts receivable and $2,700 credit to
Accounts receivable $2,700
Fees earned $2,700
(To record the services provided on credit)

g. This transaction causes $1,225 debit to rent expense and $1,225 credit to cash
Rent expense $1,225
Cash $1,225
(To record rent expense for month)

h. This transaction causes $1,125 debit to cash and $1,125 credit to account receivable
Cash $1,125
Accounts receivable $1,125
(To record cash receipt)
i. This transaction causes $10,000 debit to K. Spade, Withdrawals and $10,000 credit to cash
K. Spade, withdrawals $10,000
Cash $10,000
(To record cash withdrawal)
The ledger accounts for different transactions
Cash
Date Debit Credit Balance
a. 100,750 100,750
b. 1,250 99,500
d. 15,500 115,000
e. 10,050 104,950
g. 1,225 103,725
h. 1,125 104,850
i. 10,000 94,850

Accounts receivable
Date Debit Credit Balance
f. 2,700 2,700
h. 1,125 1,575

Office supplies
Date Debit Credit Balance
b. 1,250 1,250

Office equipment
Date Debit Credit Balance
c. 10,050 10,050

Accounts payable
Date Debit Credit Balance
c. 10,050 10,050
e. 10,050 0

K. Spade, Capital
Date Debit Credit Balance
a. 100,750 100,750

K. Spade, withdrawals
Date Debit Credit Balance
i. 10,000 10,000

Fees earned
Date Debit Credit Balance
d. 15,500 15,500
f. 2,700 18,200

Rent expense
 Date Debit Credit Balance
g. 1,225 1,225
Trial balance
Debit Credit
Cash 94,850
Accounts receivable 1,575
Office supplies 1,250
Office equipment 10,050
Accounts payable 0
K. Spade, Capital 100,750
K. Spade, Withdrawals 10,000
Fees earned 18,200
Rent expense 1,225
Totals 118,950 118,950