Scribd Logo
Upload

Welcome to Scribd!

  • Journalizing, Balancing, T-Account

    Uploaded by

    kianna doctora
    15 views2 pages
    The document records various financial transactions of Detoya Firm from December 1-31, 2019. It shows initial capital investment, purchases of supplies, equipment and payment of expenses like rent, salaries. It also includes revenue from consulting services and withdrawal of funds by the owner. The trial balance at the end summarizes the accounts and their balances at the close of the accounting period.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document records various financial transactions of Detoya Firm from December 1-31, 2019. It shows initial capital investment, purchases of supplies, equipment and payment of expenses like rent, salaries. It also includes revenue from consulting services and withdrawal of funds by the owner. The trial balance at the end summarizes the accounts and their balances at the close of the accounting period.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    15 views2 pages

    Journalizing, Balancing, T-Account

    Uploaded by

    kianna doctora
    The document records various financial transactions of Detoya Firm from December 1-31, 2019. It shows initial capital investment, purchases of supplies, equipment and payment of expenses like rent, salaries. It also includes revenue from consulting services and withdrawal of funds by the owner. The trial balance at the end summarizes the accounts and their balances at the close of the accounting period.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Date Account Titles/ Explanation F Debit

    Credit
    2019
    December 1 Cash 150, 000
    Detoya, capital
    To record Initial Investment of the owner 150, 000

    December 2 Rent Expense 8, 000


    Cash 8, 000
    Paid rent

    December 2 Supplies 7, 200


    Accounts Payable 7, 200
    Purchased supplies on account

    December 3 Office Equipment 75, 000


    Cash 37, 000
    Accounts Payable 38, 000
    Purchased office equipment

    December 8 Accounts Payable 7, 200


    Cash 7, 200
    Paid for purchased supplies on account

    December 14 Salaries Expense 6, 000


    Cash 6, 000
    Paid assistant’s salary

    December 20 Cash 20, 000


    Consulting Revenues 20, 000
    Performed consulting services

    December 28 Salaries Expense 6, 000


    Cash 6, 000
    Paid assistant’s salary

    December 30 Fees Receivable 48, 000


    Consulting revenues 48, 000
    Billed clients for consulting revenues

    December 31 Detoya, withdrawals 12, 000


    Cash 12, 000
    Owner’s withdrawal
    DETOYA FIRM

    TRIAL BALANCE

    DECEMBER YEAR 2019

    Debit Credit

    CASH P93, 800

    Fees Receivable 48, 000

    Office Equipment 75, 000

    Supplies 7, 200

    Accounts Payable 38, 000

    Detoya, Capital 150, 000

    Detoya, Withdrawals 12, 000

    Consulting Revenues 68, 000

    Rent Expense 8, 000

    Salaries Expense 12, 000

    P 256, 000 P256, 000

    You might also like