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  • No Entry, Not A Transaction 7,200 7,200 Prepaid Rent Expense Cash

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    Ahmed Mousa
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    This document is the journal entries and trial balance for a sole proprietorship company called J1 for the month of September 2017. It records various business transactions including receiving cash from service revenue, paying expenses for salaries, rent, utilities, and prepaid insurance. It also records the purchase of equipment using a note payable. The trial balance at the end of the month balances the accounts receivable, share capital, accumulated expenses and revenues.

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    HW1

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    This document is the journal entries and trial balance for a sole proprietorship company called J1 for the month of September 2017. It records various business transactions including receiving cash from service revenue, paying expenses for salaries, rent, utilities, and prepaid insurance. It also records the purchase of equipment using a note payable. The trial balance at the end of the month balances the accounts receivable, share capital, accumulated expenses and revenues.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    6 views5 pages

    No Entry, Not A Transaction 7,200 7,200 Prepaid Rent Expense Cash

    Uploaded by

    Ahmed Mousa
    This document is the journal entries and trial balance for a sole proprietorship company called J1 for the month of September 2017. It records various business transactions including receiving cash from service revenue, paying expenses for salaries, rent, utilities, and prepaid insurance. It also records the purchase of equipment using a note payable. The trial balance at the end of the month balances the accounts receivable, share capital, accumulated expenses and revenues.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 5

    No entry , not a transaction

    7,200
    Prepaid Rent expense
    7,200

    Cash

    Salary and wages expense


    400
    Cash 400

    Cash
    1,500

    Service revenue 1500

    2017 Sep.30
    J1 2,000 2,000

    2017 Sep.15 J1 400 400


    2017 Sep.4 J1 30,000 30,000


    2017 Sep.25
    J1 600 600

    2017 Sep.4
    J1 20,000 20,000

    2017 Sep.1
    J1 35,000 35,000

    2017 Sep.30
    J1 1,800 1,800

    2017 Sep.18
    J1 2,500 2,500

    J1
    30
    2,000 4,500

    2017 Sep.8
    J1 1,000 1,000

    J1
    2017 Sep.20 500 500

    2017 Sep.25
    J1 600 600

    Cash

    SAR23,800
    Share capital

    SAR35,000
    Equipment

    30,000
    Notes payable

    20,000
    Rent expense

    1,000
    Prepaid insurance

    400
    Service revenue

    4,500
    Salary and wages expense

    500
    Utilities expense

    600
    Account payable

    600
    Dividends

    1,800
    Account receivable
    2,000

    SAR60,100 SAR60,100

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