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  • Waltham Oil Journal Entries

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    Abhishek Tomar
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    This document contains the journal entries for Waltham Oil and Lube Center for various dates between April 1 and August 2. It records transactions for cash, various revenue and expense accounts, purchases of equipment and furniture, depreciation, prepaid insurance, and ending cash balance. The journal tracks debits and credits to various ledger files for transactions including withdrawals, salaries, utilities, lease payments, and amounts owed to overnight parkers and local merchants.

    Original Description:

    Ledger Entry - Oil Case

    Original Title

    Accounting OIL (1)

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    This document contains the journal entries for Waltham Oil and Lube Center for various dates between April 1 and August 2. It records transactions for cash, various revenue and expense accounts, purchases of equipment and furniture, depreciation, prepaid insurance, and ending cash balance. The journal tracks debits and credits to various ledger files for transactions including withdrawals, salaries, utilities, lease payments, and amounts owed to overnight parkers and local merchants.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    10 views7 pages

    Waltham Oil Journal Entries

    Uploaded by

    Abhishek Tomar
    This document contains the journal entries for Waltham Oil and Lube Center for various dates between April 1 and August 2. It records transactions for cash, various revenue and expense accounts, purchases of equipment and furniture, depreciation, prepaid insurance, and ending cash balance. The journal tracks debits and credits to various ledger files for transactions including withdrawals, salaries, utilities, lease payments, and amounts owed to overnight parkers and local merchants.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 7

    Waltham Oil and Lube Center

    Journal
    SN Date Particulars Ledger File Debit
    1 Cash 40000
    1-Apr
    2 To Saving Account
    3 Cash 40000
    1-Apr
    4 To Nation A/C
    5 Cash 10000
    6 To Capital Account
    7 Furniture A/C 6000
    30-Apr
    8 To Cash
    9 Rent 4500
    1-May
    10 To Cash
    11 Cash 10000
    1-May
    12 to Capital
    13 Insurance A/C (grease) 35650
    1-May
    14 to Cash
    15 Equipment 49800
    2-Aug
    16 Equipment Payable
    17 Cash 23400
    18 Car Parking Revenue
    19 1-May To Insurance 1200
    20 By Cash
    21 2-Aug Bank A/C 108600
    22 To Revenue (Parking )
    23 To Revenue (Service)
    24 2-Aug Inventory 8230
    25 By Cash
    26 2-Aug Wages A/C 34560
    27 By Cash
    28 2-Aug Misc. 6600
    29 By Cash
    30 2-Aug Utilities 1700
    31 By Cash
    32 2-Aug Lease Payment 26400
    33 By Cash
    34 2-Aug Equipment 2490
    35 By Cash
    36 2-Aug Withdrawls 4500
    37 By Cash
    38 2-Aug Payment owed 340
    39 overnight parkers A/C
    40 2-Aug Payment owed 730
    41 Local Merchant A/C
    42 Salary A/C 2100
    31-Jul
    43 To Salary Payable
    44 Bank A/C 350
    31-Jul
    45 Unpaid Utilities
    46 Cash 400
    31-Jul
    47 Parking (revenue)
    48 CogS 9260
    49 Inventory
    50 Depreciation (Insurance) 300
    51 Prepaid Insurance
    52 Depreciation (Furniture) 150
    53 Depreciation
    54 Depreciation (Equipment) 3750
    55 Depreciation
    Credit

    40000

    40,000

    10000

    6000
    Expense
    4,500 Expense

    10000
    Should it be 75000
    35,650

    49800

    23400
    (900 is remaining as prepaid asset)
    1200

    3300
    105300

    8230

    34560

    6600

    1700

    26400

    2490

    4500

    340

    730

    2100

    350

    400
    9260
    D
    300 D
    D
    150 D
    D
    3750 D
    Capital Account
    Date Particulars J.F. Amount Date Particulars J.F. Amount
    Cash 50000 1-Apr 40000
    30-Apr 8 10000

    Accumulated Depreciation
    Date Particulars J.F. Amount Date Particulars J.F. Amount
    Insurance
    Dep. Furniture 150 Dep. 150
    Dep. Eqipment 3750 Dep. 3750
    Total 3900 Total 3900
    Prepaid Assets
    Date Particulars J.F. Amount Date Particulars J.F. Amount
    To insurance 900 900

    Cash Balance
    Date Particulars J.F. Amount Date Particulars J.F. Amount
    4000

    Accounts Reciveable
    Date Particulars J.F. Amount Date Particulars J.F. Amount

    Liabilities
    Date Particulars J.F. Amount Date Particulars J.F. Amount
    4000

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