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    emem resuento
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    The document contains a journal and ledger for a painting business from April 2 to April 29. It records various cash transactions including purchases of equipment, supplies, vehicle and insurance. It also records revenue from painting jobs, salaries and other operating expenses. The ending trial balance on April 29 shows total debits of $124,600 equal to total credits, with the largest assets being cash, equipment and accounts receivable, and the largest liabilities being notes payable and accounts payable.

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    The document contains a journal and ledger for a painting business from April 2 to April 29. It records various cash transactions including purchases of equipment, supplies, vehicle and insurance. It also records revenue from painting jobs, salaries and other operating expenses. The ending trial balance on April 29 shows total debits of $124,600 equal to total credits, with the largest assets being cash, equipment and accounts receivable, and the largest liabilities being notes payable and accounts payable.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    73 views4 pages

    ULOb Activity 1

    Uploaded by

    emem resuento
    The document contains a journal and ledger for a painting business from April 2 to April 29. It records various cash transactions including purchases of equipment, supplies, vehicle and insurance. It also records revenue from painting jobs, salaries and other operating expenses. The ending trial balance on April 29 shows total debits of $124,600 equal to total credits, with the largest assets being cash, equipment and accounts receivable, and the largest liabilities being notes payable and accounts payable.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    Journal

    Entry Dr. Cr.


    April 2 Cash 71,000
    Virtudazo, Capital 71,000

    Painting Equipment 12,300


    Cash 12,300

    April 3 Service Vehicle 80,000


    Cash 50,000
    Notes Payable 30,000

    April 4 Painting Supplies 3,200


    Account Payable 3,200

    April 5 Accounts Receivable 4,800


    Painting Revenue 4,800

    April 7 Cash 1,500


    Painting Revenue 1,500

    April 10 Painting Supplies 1,600


    Cash 1,600

    April 11 Cash 4,800


    Accounts Receivable 4,800

    April 12 Prepaid Insurance 4,000


    Cash 4,000

    April 13 Accounts Receivable 6,200


    Painting Revenue 6,200
    Dr. Cr.
    April 14 Salaries Expense 1,600
    Cash 1,600

    April 15 Maintenance Expense 400


    Cash 400

    April 18 Accounts Payable 3,200


    Cash 3,200

    April 20 Painting Equipment 6,000


    Painting Supplies 2,900
    Account Payable 8,900

    April 22 Utilities Expense 600


    Accounts Payable 600

    April 23 Cash 3,300


    Accounts Receivable 3,300

    April 24 Virtudazo, Wuithdrawals 3,000


    Cash 3,000

    April 25 Cash 3,600


    Painting Revenue 3,600

    April 27 Notes Payable 2,000


    Cash 2,000

    April 29 Salaries Expense 1,800


    Cash 1,800
    Ledger
    Painting
    Trail Balance
    April 29, 2021

    Dr. Cr.
    Cash 4,300
    Accounts Receivable 2,900
    Painting Equipment 18,300
    Painting Supplies 7,700
    Prepaid Insurance 4,000
    Service Vehicle 80,000
    Maintenance Expense 400
    Utilities Expense 600
    Salaries Expense 3,400
    Virtudazo Withdrawals 3,000
    Notes Payable 28,000
    Accounts Payable 9,500
    Painting Revenue 16,100
    Virtudazo, Capital 71,000

    124,600 124,600

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