JOURNAL ENTRIES

DR MAQUOKETA SERVICES CR
Date Entry no. Particulars L.F Debit credit
1 cash a/c Dr. $40000
to capital a/c $40000
(cash invested in business)

2 -- NO ENTRY--

3 prepaid rent a/c dr. $24,000

to rent a/c $24000
(cash paid in advance for rent for one year)

4 furniture and equipment a/c dr. $30,000

to cash a/c $10,000
to accounts payable a/c $20,000

(purchased furniture and equipment by cash and credit)

5 prepaid insurance a/c dr. $1,800

to cash a/c $1,800
(paid prepaid insurance with cash)

6 office supplies a/c dr. $420

to cash a/c $420
(purchased supplies using cash)

7 office supplies a/c dr. $1,500

to accounts payable a/c $1,500
(purchased supplies on credit)

8 cash a/c dr. $8,000

to accounts receivable a/c dr. $12,000
to service revenue a/c $20,000
(service revenue received on cash and on account)

9 accounts payable a/c dr. $400

to cash a/c $400
( paid to accounts payable)

10 cash a/c dr. $3,000

to accounts receivable a/c $3,000
(received cash from customer)

11 utility expense a/c dr. $380

to accounts payable a/c $380
(received bill due next month)
12 salaries a/c dr. $6100
to cash a/c $6100
(paid salaries)
NAME- Pranavi Amaraneni
Section-A
 LEDGER- T-ACCOUNTS
DR CASH A/C
Date particulars JF Amount Date particulars
to capital a/c 40,000 by prepaid rent a/c
to service revenue a/c 8,000 by furniture and equipment a/c
to accounts receivables a/c 3,000 by prepaid insurance a/c
by office supplies a/c
by accounts payable a/c
by salaries a/c
balance c/d
51000

DR ACCOUNTS RECEIVABLE A/C

Date particulars JF Amount Date particulars
to service revenue a/c 12,000 by cash a/c
by balance cd
12,000

DR PREPAID RENT A/C

Date particulars JF Amount Date particulars
to cash a/c 24,000 by balance c/d
24,000

DR PREPAID INSURANCE A/C

Date particulars JF Amount Date particulars
to cash a/c 1,800 by balance c/d
1,800

DR OFFICE SUPPLIES A/C

Date particulars JF Amount Date particulars
to cash 420 by balance c/d
to accounts payable 1,500
1920

DR FURNITURE AND EQUIPMENT A/C

Date particulars JF Amount Date particulars
to cash a/c 30,000 by balance c/d
30,000
DR ACCOUNTS PAYABLE A/C
Date particulars JF Amount Date particulars
to cash 400 byby furniture and equipment
to balance c/d 21,480 by office supplies
by utilities expense
21880

DR OWNER'S CAPITAL A/C

Date particulars JF Amount Date particulars
to cash a/c 40,000 by balance c/d
40,000

DR SERVICE REVENUE A/C

Date particulars JF Amount Date particulars
by balance c/d 20,000 by cash
by accounts receivables
20000

DR UTILITIES EXPENSE A/C

Date particulars JF Amount Date particulars
to accounts payable a/c 380 by balance c/d
380

DR SALARIES A/C
Date particulars JF Amount Date particulars
to cash a/c 6,100 by balance c/d
6,100

TRIAL BALANCE

SI.NO ACCOUNT TITLE DR CR

1 cash $8,280
2 accounts receivable $9,000
3 prepaid rent $24,000
4 prepaid insurnace $1,800
5 office supplies $1920
6 furniture and equipment $30,000
7 accounts payable $21,480
8 capital $40,000
9 service revenue $20,000
10 utilities expense $380
11 salaries $6100

TOTALS $81480 $81,480

 CR
JF Amount
24,000
10,000
1,800
420
400
6100
8,280
51,000

CR
JF Amount
3,000
9,000
12,000

CR
JF Amount
24,000
24,000

CR
JF Amount
1,800
1,800

CR
JF Amount
1,920

1920

CR
JF Amount
30,000
30,000
 CR
JF Amount
30,000
1,500
380
21,880

CR
JF Amount
40,000
40,000

CR
JF Amount
8,000
12,000
20000

CR
JF Amount
380
380

CR
JF Amount
6,100
6,100