Trial Balance, Journal, and Balance sheet

Contoh soal 1
Vanguard Playhouse
Trial Balance
November, 30 2021

Cash $2.400
Account Receivable $1.500
Supplies $350
Equipment $11.200
Building $10.000
Account Payable $9.450
Notes Payable $12.000
Vanguard Playhouse, $400
Capital
Total $25.450 $25.450

Selected transaction for November were as follows:

1. Nov, 2 2021. Paid $ 1.000 due on the notes payable
2. Nov, 8 2021. Paid $ 3.000 on account.
3. Nov, 15 2021. Receipt for the 2 week period totalled $ 8.400
4. Nov, 22 2021. Bought an additional projector at a cost of $ 15.500 with a cash
Down payment of $ 5.000 the balance to be paid within 1 year.
5. Nov, 30 2021. Paid salaries of $ 1.600.
Using these data, transfer October 31 balaces to the ledger account below, prepare journal,
entries for the month of November and post to the ledger.
Journal
PT.Vanguard
Date Description Debit ($) Credit ($)
Nov, 2 2021 Notes Payable 1,000
Cash 1,000
(Payment instalment)
Nov, 8 2021 Account Payable 3,000
Cash 3,000
(Payment for outstanding
Account)
Nov, 15 2021 Cash 8,400
Admission income 8,400

Nov, 22 2021 Equipment 15,500

Cash 5,000
Account Payable 10,500
 (Purchase Projector)

Nov, 30 2021 Salaries Expense 1,600

Cash 1,600
(Salaries paid to
employee)

PT. Vanguard Trial Balance

Cash
Bal. 2,400 (a) j-6 1,000
(c) j-6 8,400 (b) j-6 3,000
200 10,800 (d) j-6 5,000
(e) j-6 1,600
10,600

11

12

Account Receivable
Bal. 1,500

14

Supplies
Bal. 350

17

Equipment
Bal. 1,500
(d j-6 15,500
) 26,700
 18

Building
Bal. 10,000

21

Account Payable
j-6 3,000 Bal. 9,450
(b) (d) j-6 10,500
16,950 19,950

22

Notes Payable
(a) j-6 1,000 Bal. 12,000
11,000

31

Vanguard Playhouse, Capital

Bal. 4,000

41

Admission Income
(c) J-6 8,400

51

Salaries Expense
(e) j-6 1,600
 Vanguard Playhouse
Trial Balance
November, 30 2022

Cash $ 200  
Account Receivable $ 1.500  
Supplies $ 350  
Equipment $26.700  
Building $10.000  
Account Payable   $ 16.950
Notes payable   $ 11.000
Vanguard playhouse
capital   $ 4.000
Admission income   $ 8.400
Total $40.350 $ 40.350

Vanguard Playhouse
Balance Sheet
November, 30 2022

Asset   Liabilities    
Current Assets   Current Liabilities    
Cash $ 200 Account Payable $ 16.950  
Account Receivable $ 1.500 Notes Payable $ 11.000  
Supplies $ 350 Total Current Liabilities   $ 27.950
Total Current Asset $ 2.050 Vanguard playhouse   $ 10.800
Fixed Asset   Total Liabilities and   $ 38.750
owner equity
Equipment $ 26.700      
Building $ 10.000      
Total Fixed Assets $ 36.700      
Total Assets $38.750      
          

Soal 2

Mr Bagon start the Law Firm Business on January 2022 and describe the transaction below.

Jan, 4 2022. Mr. Bagon invested $ 5000 in his law practise

Jan, 4 2022. Mr Bagon supplies for cash $ 300
Jan, 4 2022. Bought equipment from Altway Furniture Company on account, $ 2,500
Jan, 15 2022 Received $ 2,000 in fees earned during the month
Jan, 30 2022 Paid office rent January $ 500
Jan, 30 2022 Paid salary for part time worker $ 200
Jan, 31 2022 paid $ 1,000 to Altway furniture company on account
Jan, 31 2022 After taking an inventory Mr. Bagon used $ 200 for supplies
Jan, 31 2022 Withdrew $ 300 for personal use

Calculate the journal, trial balance, Balance sheet and income statement.