ACCOUNTING TEMPLATES

Basic Accounting
BUS 1102
 General Journal

Journal # Date Accounts and Description

1 1-Oct-18 Cash
Common stock
To recognize the issuance of common stock
2 1-Oct-18 Equipment; Delivery Van
Cash
Bank loan
To recognize purchase of delivery van by cash and on account
3 3-Oct-18 Baking Supplies
Account Payable
To recognize purchase of baking supplies on account
4 5-Oct-18 Prepaid Insurance
Cash
To recognize payment for insurance policy covering one year
5 12-Oct-18 Accounts receivable
Baking service revenue
Billed customers for baking services
6 18-Oct-18 Account payable
Cash
To recognize payment for bank loan
7 18-Oct-18 Account Payable
Cash
Paid liability for banking supplies
8 20-Oct-18 Salaries expense
Cash
Paid employee salaries
9 21-Oct-18 Account receivable
Cash
Received customer payment from October 12
10 25-Oct-18 Account Receivable
Baking service revenue
Billed customers for baking services
11 31-Oct-18 Gas and Oil expense
Cash
Paid gas and oil expense
12 31-Oct-18 Dividend
Cash
Paid dividend to stockholders
Total amount
Adjusting entries:

13 31-Oct-18 Cash
Baking Service Revenue
Billed customer for baking services
14 31-Oct-18 Depreciation Expense: Equipment
Accumulated Depreciation:Equipment
To recognize depreciation for the month
15 31-Oct-18 Insurance Expence
Prepaid Insurance
To recognize insurace used during one month
16 31-Oct-18 Baking Supplise Expense
Baking Supplies
To recognize supples used during the month
17 31-Oct-18 Salaries Expense
Salaries Payable
To recognized salaries expense incurred but not paid
Total amount
 Debit Credit
$ 20,000.00
$ 20,000.00

$ 11,000.00
$ 4,000.00
$ 7,000.00

$ 900.00
$ 900.00

$ 1,800.00
$ 1,800.00

$ 4,800.00
$ 4,800.00

$ 1,500.00
$ 1,500.00

$ 500.00
$ 500.00

$ 1,700.00
$ 1,700.00

$ 1,200.00
$ 1,200.00

$ 1,900.00
$ 1,900.00

$ 500.00
$ 500.00

$ 800.00
$ 800.00

$ 46,600.00 $46,600
 Debit Credit
$ 2,500.00
$ 2,500.00

$ 500.00
$ 500.00

$ 150.00
$ 150.00

$ 600.00
$ 600.00

$ 500.00
$ 500.00

$4,250 $4,250
 Cash Accounts Receivable
Debit Credit Debit
Oct 1 20000 Oct 12 4800
Oct 1 4000
Oct 5 1800 Oct25 1900
Oct18 1500 Bal.5500
Oct18 500
Oct 20 1700
Oct 21 1200
Oct 31 500
Oct 31 800
Oct 31 2500
Bal. 12,900

Equipment: Van Accum. Depreciation

Debit Credit Debit
Oct1 11000
Bal. 11000

Salaries Payable Revenue

Debit Credit Debit
Oct31 500
Bal. 500

Oct31 9200

Insurance Expense Supplies Expense

Debit Credit Debit
Oct31 150 Oct31 600
Oct 31 150
Bal.0
Common Stock Dividend
Debit Credit Debit
Oct1 20000 Oct31 800
Bal.20000
 Pre-Paid Insurance
Credit Debit Credit
Oct 5 1800
Oct 21 1200 Oct31 150
Bal1650

Accounts Payable
Credit Debit Credit
Oct31 500 Oct 3 900
Bal. 500 Oct 15 500
Bal.400

Gas & Oil Expense

Credit Debit Credit
Oct12 4800 Oct 31 500
Oct25 1900 Oct31 500
Oct31 2500 Bal.0

Bal. 0

Depreciation Expense
Credit Debit Credit
Oct31 500
Oct31 600 Oct31 500
Bal. 0 Bal. 0
 Retained Earnings
Credit Debit Credit
Oct 31 5250
Oct31 800 Oct31 800
Bal.4450
 Supplies
Debit Credit
Oct3 900
Oct31 600
Bal. 300

Bank Loan
Debit Credit
Oct1 7000
Oct 18 1500
Bal.5500

Salaries Expense
Debit Credit
Oct20 1700
Oct31 500
Oct31 2200
Bal.0

Income Summary
Debit Credit
Oct 31 9200
Oct31 500
Oct31 2200
Oct31 150
Oct31 600
Oct31 500
Oct31 6250
Bal.0
 Account Beginnng Balance
Debit Credit
Cash
Accounts Receivable
Baking Supplies
Prepaid Insurance
Equipment
Accumulated Deprec.

Accounts Payable
Salaries Payable
Bank Loan

Common Stock
Retained Earnings
Dividends

Service Revenue
Gas & Oil Expense
Baking Supplies Expense
Depreciation Expense
Insurance Expense
Salaries Expense
$0 $0
 Unadjusted Trial Balance Adjusting Entries
Debit Credit Debit Credit
$10,400 $2,500
$5,500 $600
$900 $150
$1,800
$11,000
$500

$400
$500
$5,500

$20,000

$800

$6,700 $2,500
$500
$600
$500
$150
$1,700 $500
$32,600 $32,600 $4,250 $4,250
 Adjused Trial Balance
Debit Credit
$12,900
$5,500
$300
$1,650
$11,000
$500

$400
$500
$5,500

$20,000

$800

$9,200
$500
$600
$500
$150
$2,200
$36,100 $36,100