GENERAL JOURNAL   Page 1

Date ACCOUNT TITLE Debit Credit
June 1,2010 Cash 20000.00  
  Accounts Recievable 4500.00  
  Supplies 2000.00  
  Office Equipment 11500.00  
  Emily 's Capital   38000.00
1 Prepaid Rent 6000.00  
  Cash   6000.00
2 Prepid Insurance 2400.00  
  Cash   2400.00
4 Cash 2700.00  
  Unearned Fees   2700.00
5 Office Equipment 3500.00  
  Accounts Payable   3500.00
6 Cash 3000.00  
  Accounts Recievable   3000.00
10 Advertisment Expense 200.00  
  Cash   200.00
12 Accounts Payable 750.00  
  Cash   750.00
12 Accounts Recievable 5100.00  
  Fees Earned   7500.00
14 Salary Expense 1100.00  
  Cash   1100.00
17 Cash 6500.00  
  Fees Earned   6500.00
18 Supplies 750.00  
  Cash   750.00
20 Accounts Recievable 3100.00  
  Fees Earned   3100.00
24 Cash 5150.00  
  Fees Earned   5100.00
26 Cash 6900.00  
  Accounts Receivable   6900.00
27 Salary Expense 1100.00  
  Cash   1100.00
29 Telephone Expense 150.00  
  Cash   150.00
30 Utility Expense 400.00  
  Cash   400.00
30 Cash 2500.00  
  Fees Earned   2500.00
30 Accounts Recievable 1000.00  
  Fees Earned   1000.00
30 Withdrawals 5000.00  
  Cash   5000.00
 Account
  Cash            
Post Balance  
Date Item Debit Credit
Ref. Debit Credit  
1-Jun Balance 20000  
$
1
6,000.00  
$
2
2,400.00  
$
4
2,700.00  
$
6
3,000.00  
10 $ 200.00  
12 $ 750.00  
$
14
1,100.00  
$
17
6,500.00  
18 $ 750.00  
$
24
5,150.00  
$
26
6,900.00  
$
27
1,100.00  
29 $ 150.00  
30 $ 400.00  
$
30
2,500.00  
$
30 28900
5,000.00  
Account Accounts Account
receivable       No.12   page 3  
Post Balance  
Date Item Debit Credit
Ref. Debit Credit  
1-Jun Balance 4500  
$
6
3,000.00  
$
12
5,100.00  
$
20
3,100.00  
$
26
6,900.00  
$
30 3800
1,000.00  

Account Supplies        
Post Balance  
Date Item Debit Credit
Ref. Debit Credit  
1-Jun Balance 2000  
$
18 2750
750.00  
               
Account prepaid rent              
Post
Date Item Debit Credit Balance  
Ref.
          Debit   Credit
$
1-Jun   6000  
6,000.00
               
Account prepaid
insurance              
 Post Balance
Date Item Debit Credit
Ref. Debit Credit
$
2-Jun Balance 2400  
2,400.00
               
Account office equipment              
Post Balance
Date Item Debit Credit
Ref. Debit Credit
1-Jun Balance 11500  
$
18   15000  
3,500.00
               
Account accounts payable              
Post Balance
Date Item Debit Credit
Ref. Debit Credit Credit
$
5-Jun Balance  
3,500.00
$ $ $
12
750.00 2,750.00 2,750.00
               
Account unearned fee              
Post Balance
Date Item Debit Credit
Ref. Debit   Credit
$ $ $
4-Jun Balance
2,700.00 2,700.00 2,700.00
               
Account contribution
capital              
Post Balance
Date Item Debit Credit
Ref. Debit Credit Credit
$ $ $
1-Jun Balance
38,000.00 38,000.00 38,000.00
               
Bottom Line's withdrawal              
 Post Balance
Date Item Debit Credit
Ref. Debit Credit Credit
$ $ $
30-Jun Balance
5,000.00 5,000.00 5,000.00
               
Fees Earned              
Post Balance  
Date Item Debit Credit
Ref. Debit Credit  
$
12-Jun Balance
5,100.00  
$
17
6,500.00  
$
20
3,100.00  
$
24
5,150.00  
$
30
2,500.00  
$ $
30
1,000.00 23,350.00  
               
Account salaries expense              
Post Balance  
Date Item Debit Credit
Ref. Debit Credit  
$
14-Jun Balance
1,100.00  
$ $
27
1,100.00 2,200.00  
               
Telephone Account
 
expense   No.        
Post Balance
Date Item Debit Credit
Ref. Debit Credit
$ $
29-Jun Balance  
150.00 150.00
               
Account utility expense              
Post Balance
Date Item Debit Credit
Ref. Debit Credit
$ $
30-Jun Balance  
400.00 400.00
               
Account advertising
expense              
Post Balance
Date Item Debit Credit
Ref. Debit Credit
$ $
10-Jun Balance  
200.00 200.00
 Bottom Line
  Unadjusted Trial Balance
  For the year Ended June 30,2010
  Debit Credit
Cash   28900.00
Accounts Receivable   3800.00
Prepaid Rent   6000.00
Prepaid Insurance   2400.00
Supplies   2750.00
Office Equipment   15000.00
Accounts Payable   2,750.00
Unearned Revenue   2,700.00
Bottom Line's capital   38,000.00
Fees Earned   23,350.00
Salaries Expense   2200.00
Telephone Expense   150.00
Utilities Expense   400.00
Advertizing Expense   200.00
Withdrawals   5000.00
  66800.00 66,800.00

  The Accounting Work Sheet  

Unadjusted Adjustment Adjusted

Debit Credit Debit Credit Debit Credit
Cash
28,900.00 28,900.00
Accounts
Receivable 3,800.00 3,800.00

Prepaid Rent (e) 2000

6,000.00 4,000.00
Prepaid Insurance (a) 200
2,400.00 2,200.00
Supplies (b) 2100
2,750.00 2,100.00
Office Equipment
15,000.00 15,000.00

Accumulated
(c) 250
Depreciation 250.00
Accounts Payable
2,750.00 2,750.00
Salaries Payable (d) 220
220.00
Unearned Revenue (f)1875
2,700.00 825.00

Contributed Capital
38,000.00 38,000.00

Service Revenue (f) 1875

23,350.00 25,225.00
Insurance Expense - (a) 200
200.00

Depreciation
- (c) 250
Expense 250.00

Rent Expense - (e)2000

2,000.00
Supplies Expense - (b) 2100
650.00
Salaries Expense
2,200.00 2,420.00
Salaries Payable     (d) 220     (d) 220

Telephone Expense
150.00 150.00

Utilities Expense
400.00 400.00

Advertizing
Expense 200.00 200.00

Withdrawals
5,000.00 5,000.00

66,800.00 66,800.00 $ 5,195.00 5,195.00 67,270.00 67,270.00

General journal
Adjusted journal entryies
Insurance $
(a)
expense 200.00
 Prepaid
$ 200.00
Insurance
Supplies $
(b)
expense 2,100.00
Supplies $ 2,100.00

Depreciation $
(c)
expense 250.00

Accumulated
$ 250.00
Depreciation

Salaries $
(d)
expense 220.00
Salaries
$ 220.00
payable
$
(e) Rent expense
2,000.00
Prepaid rent $ 2,000.00
Unearned $
(f)
revenue 1,875.00
Service
$ 1,875.00
revenue

Account Supplies Account No. 14 page 7

Balance
Date Item Post Ref. Debit Credit
Debit Credit
$
1-Jun Balance
2,000.00
18 $ 750.00
$ $
AJE(b)
2,100.00 650.00

Account supplies expense Account No.51

Balance
Date Item Post Ref. Debit Credit
Debit Credit Credit
$
AJE(b) Balance $ 2,100.00  
2,100.00

Account prepaid rent Account No.15

Item Post Ref. Debit Credit Balance  
Date
        Debit Credit Credit
1-Jun Balance 6,000.00  
AJE(e) 2,000.00 4,000.00  

Account rent expense Account No52.

Balance
Date Item Post Ref. Debit Credit
Debit Credit Credit
AJE(e) Balance 2,000.00 2,000.00  

Account prepaid insurance Account No.16

Balance
Date Item Post Ref. Debit Credit
Debit   Credit
2-Jun Balance 2,400.00  
AJE(a) 200.00 2,200.00  

Account Insurance Expense Account No.55

Date Item Post Debit Credit Balance  

Ref.
          Debit Creidt Credit
AJE(a) Balance 200.00 200.00  

Account Accumulated
Depreciation Account No.19

Post Balance
Date Item Debit Credit
Ref.
Debit Credit Credit
AJE(c) Balance 250.00 250.00 250

Account Depreciation expense Account No.54

Post
Date Item Debit Credit Balance  
Ref.
          Debit   Credit
AJE(c) Balance 250.00 250.00  

Account salaries payable Account No.22

Date Item Post Debit Credit Balance  

Ref.
          Debit Credit Credit
 AJE(c) Balance 220.00 220.00 220

Account unearned fees Aoount No.23

Date Item Post Ref. Debit Credit Balance  

          Debit   Credit
4-Jun Balance 2,700.00  

AJE(f) 825.00 825

1,875.00

Bottom Line
Adjusted Trial Balance For the year
Ended June 30,2010
Debit Credit
Cash 28900
Accounts Receivable 3800
Prepaid Rent 4000
Prepaid Insurance 2200
Supplies 650
Office Equipment 15000
Accumulated Depreciation 250
Accounts Payable 2750
Salaries Payable 220
Unearned Revenue 825
Contributed Capital 38000
Service Revenue 25225
Insurance Expense 200
Depreciation Expense 250
Rent Expense 2000
Supplies Expense 2100
Salaries Expense 2420
Telephone Expense 150
Utilities Expense 400
Advertizing Expense 200
Withdrawals 5000
67270 67270

Bottom Line
Income Statement
For the year ended June,30,2010
Revenues        
Service Revenue     25225  
Total Revenues   25225    
Expenses        
Insurance Expense 200      
Depreciation Expense 250      
Rent Expense 2000      
Supplies Expense 2100      
Salaries Expense 2420      
Telephone Expense 150      
Utilities Expense 400      
Advertizing Expense 200      
Total Expenses 7720      
         
Net Income   17505    
         

Bottom Line
Statement of Owner Equity
For the year ended June 30,2010
Capital at June 1,2010   38000    
Net income June 30,2010 17505      
Less withdrawal 5000      
Bottom Line capital   50505    
   
Bottom Line
Balance sheet
As of June 30,2010
Assets        
Current Asset        
Cash 28900      
A/recievable 3800      
Prepaid rent 4000      
Prepaid insurance 2200      
Supplies 650      
Total current asset 39550      
Office equipment 15000      
Accunulated depreciation   250    
Net office equipment 14750      
Total Asset 54300      
Liability and Owners E        
Current liabilities        
A/payable   2750    
Salaries Payable   220    
Unearned fees   825    
Total cerrent liabilty   3795    
Owner's Equity        
Bottom Line capital   50505    
Total liability & Capital   54300    

Journal Entry
Closing Entries
Date Account Title Ref no Debit Credit
June 30,2010 Service Revnues   25225  
  Income Summary #33   25225
Date Income Summary #33 7720  
June 30,2010 Insurance Expense     200
  Depreciation Expense     250
  Rent Expense     2000
  Supplies Expense     2100
  Salaries Expense     2420
  Telephone Expense     150
  Utilities Expense     400
  Advertizing Expense     200