Cash 101

Date Particulars Debit Credit Balance

1-Jan Balance $ 48,532

4-Jan Wages Payable $ 860 $ 47,672
4-Jan Wages Expenses $ 215 $ 47,457
5-Jan S. Rey, Capital $ 24,500 $ 71,957
9-Jan Gomez Co. $ 2,718 $ 74,675
15-Jan Merchandise Inventory $ 700 $ 73,975
16-Jan Computer Service Revenue $ 4,110 $ 78,085
17-Jan Accounts Payable $ 5,742 $ 72,343
22-Jan Liu Corp $ 4,059 $ 76,402
31-Jan Wages Expenses $ 2,150 $ 74,252
1-Feb Prepaid Rent $ 2,625 $ 71,627
3-Feb Accounts Payable $ 9,023 $ 62,604
5-Feb Advertising Expense $ 430 $ 62,174
11-Feb Alex Engineering $ 5,320 $ 67,494
15-Feb S.Rey Withdrawals $ 4,770 $ 62,724
26-Feb Wages Expenses $ 1,720 $ 61,004
27-Feb Mileage Expense $ 288 $ 60,716
9-Mar Delta Inc. $ 3,250 $ 63,966
11-Mar Repair Expenses-Computer $ 810 $ 63,156
16-Mar Computer Service Revenue $ 5,420 $ 68,576
19-Mar Accounts Payable $ 3,890 $ 64,686
31-Mar Mileage Expense $ 96 $ 64,590

Merchandise Inventory, 119

Date Particulars Debit Credit Balance

1-Jan Balance $ -
7-Jan Accounts Payable $ 5,800 $ 5,800
13-Jan Cost of goods sold $ 3,540 $ 2,260
15-Jan Cash $ 700 $ 2,960
17-Jan Accounts Payable $ 58 $ 2,902
26-Jan Accounts Payable $ 9,600 $ 12,502
26-Jan Cost of goods sold $ 4,600 $ 7,902
24-Jan Accounts Payable $ 486 $ 7,416
3-Feb Accounts Payable $ 91 $ 7,325
23-Feb Cost of goods sold $ 2,580 $ 4,745
25-Mar Cost of goods sold $ 2,022 $ 2,723
30-Mar Cost of goods sold $ 1,208 $ 1,515
 Computer Supplies 126

Date Particulars Debit Credit Balance

1-Jan Balance $ 650

8-Mar Accounts Payable $ 2,770 $ 3,420

Prepaid Insurance 128

Date Particulars Debit Credit Balance

1-Jan Balance $ 2,016.00

Prepaid Rent 131

Date Particulars Debit Credit Balance

1-Jan Balance $ 875

1-Feb Cash $ 2,625 $ 3,500

Office Equipment 163

Date Particulars Debit Credit Balance

1-Jan Balance $ 8,000

Computer Equipment 167

Date Particulars Debit Credit Balance

1-Jan Balance $ 21,200

Accounts Payable 201

Date Particulars Debit Credit Balance

1-Jan Balance $ 1,120

7-Jan Merchandise Inventory $ 5,800 $ 6,920
17-Jan Cash $ 5,742 $ 1,178
17-Jan Merchandise Inventory $ 58 $ 1,120
26-Jan Merchandise Inventory $ 9,600 $ 10,720
24-Jan Merchandise Inventory $ 486 $ 10,234
3-Feb Cash $ 9,023 $ 1,211
3-Feb Merchandise Inventory $ 91 $ 1,120
8-Mar Computer Supplies $ 2,770 $ 3,890
19-Mar Cash $ 3,890 $ (0)
 S.Rey Capital

Date Particulars Debit Credit Balance

1-Jan Balance $ 82,371

5-Jan Introduction of capital $ 24,500 $ 106,871

S.Rey Withdrawals

Date Particulars Debit Credit Balance

1-Jan Balance $ -
15-Feb Cash $ 4,770 $ 4,770

Computer Service Revenue 403

Date Particulars Debit Credit Balance

1-Jan Balance $ -
11-Jan Alex Engineering $ 6,700 $ 6,700
16-Jan Cash $ 4,110 $ 10,810
16-Mar Cash $ 5,420 $ 16,230
24-Mar Easy Leasing $ 9,057 $ 25,287

Wages Expenses 623

Date Particulars Debit Credit Balance

1-Jan Balance $ -
4-Jan Cash $ 215 $ 215
31-Jan Cash $ 2,150 $ 2,365
26-Feb Cash $ 1,720 $ 4,085

Advertising Expenses 655

Date Particulars Debit Credit Balance

1-Jan Balance $ -
5-Feb Cash $ 430 $ 430

Mileage Expenses 676

Date Particulars Debit Credit Balance

1-Jan Balance $ -
27-Feb Cash $ 288 $ 288
31-Mar Cash $ 96 $ 384
 Miscellaneous Expenses 677

Date Particulars Debit Credit Balance

1-Jan Balance $ -

Repair Expenses - Computer 684

Date Particulars Debit Credit Balance

1-Jan Balance $ -
11-Mar Cash $ 810 $ 810

Accumulated Depreciation - Office Equipment 164

Date Particulars Debit Credit Balance

1-Jan Balance $ 320

Accumulated Depreciation - Computer Equipment 168

Date Particulars Debit Credit Balance

1-Jan Balance $ 1,250

Wages Payable 210

Date Particulars Debit Credit Balance

1-Jan Balance $ 860

4-Jan Cash $ 860 $ -

Unearned Computer Service Revenue 236

Date Particulars Debit Credit Balance

1-Jan Balance $ 1,380
11-Jan Balance $ 1,380 $ -

Depreciation Expense - Office Equipment 612

Date Particulars Debit Credit Balance

1-Jan Balance $ -
 Depreciation Expense - Computer Equipment 613

Date Particulars Debit Credit Balance

1-Jan Balance $ -

Insurance Expenses 637

Date Particulars Debit Credit Balance

1-Jan Balance $ -

Rent Expenses 640

Date Particulars Debit Credit Balance

1-Jan Balance $ -

Computer Supplies Expense 652

Date Particulars Debit Credit Balance

1-Jan Balance $ -

Sales 413

Date Particulars Debit Credit Balance

1-Jan Balance $ -
13-Jan Liu Corp $ 4,500 $ 4,500
26-Jan KC Inc. $ 5,890 $ 10,390
23-Feb Delta Inc. $ 3,250 $ 13,640
25-Mar Wildcat Service $ 2,890 $ 16,530
30-Mar IFM Company $ 2,350 $ 18,880

Sales returns and allowances 414

Date Particulars Debit Credit Balance

1-Jan Balance $ -
20-Jan Liu Corp $ 400 $ 400

Sales discounts 415

Date Particulars Debit Credit Balance

1-Jan Balance $ -
22-Jan Liu Corp $ 41 $ 41
 Cost of goods sold 502

Date Particulars Debit Credit Balance

1-Jan Balance $ -
13-Jan Merchandise Inventory $ 3,540 $ 3,540
26-Jan Merchandise Inventory $ 4,600 $ 8,140
23-Feb Merchandise Inventory $ 2,580 $ 10,720
25-Mar Merchandise Inventory $ 2,022 $ 12,742
30-Mar Merchandise Inventory $ 1,208 $ 13,950

Alex Engineering Co. 106.1

Date Particulars Debit Credit Balance

1-Jan Balance $ -
11-Jan Computer Service Revenue $ 5,320
11-Feb Cash $ 5,320 $ -

Wildcat Service 106.2

Date Particulars Debit Credit Balance

1-Jan Balance $ -
25-Mar Sales $ 2,890 $ 2,890

Easy Leasing 106.3

Date Particulars Debit Credit Balance

1-Jan Balance $ -
24-Mar Computer Service Revenue $ 9,057 $ 9,057

IFM Co. 106.4

Date Particulars Debit Credit Balance

1-Jan Balance $ 3,180

30-Mar Sales $ 2,350 $ 5,530

Liu Corp 106.5

Date Particulars Debit Credit Balance

1-Jan Balance $ -
13-Jan Sales $ 4,500 $ 4,500
20-Jan Sales Return & Allowances $ 400 $ 4,100
22-Jan Cash $ 4,059 $ 41
22-Jan Sales Discount $ 41 $ -
 Gomez Co. 106.6

Date Particulars Debit Credit Balance

1-Jan Balance $ 2,178

9-Jan Cash $ 2,718 $ (540)

Delta Co. 106.7

Date Particulars Debit Credit Balance

1-Jan Balance $ -
23-Feb Sales $ 3,250
9-Mar Cash $ 3,250 $ -

KC Inc. 106.8

Date Particulars Debit Credit Balance

1-Jan Balance $ -
26-Jan Sales $ 5,890 $ 5,890

Dream Inc. 106.9

Date Particulars Debit Credit Balance

1-Jan Balance $ -