General Journal Ledgers

Date Acc. Title Debit Credit L1

Cash 800,000 L2
3-May Capital Stock 800000 L3
Issued capital stock for $800,000 L4
Office Rent Expense 1,000 L5
4-May Cash 1000 L6
Paid May office rent expense L7
Office Supplies 400 L8
5-May Cash 400 L9
Purchased Office Supplies L10
Office Equipment 8,000 L11
15-May Accounts Payable 8,000 L12
Purchased Office Equipment on account, amount due on June 15 L13
Vehicles 27,000 L14
Cash 7,000
18-May
Notes Payable 20,000
Purchased company car, Paid 7,000 cash & issued note payable for 20,000
Accounts Recievable 32,000
20-May Client Revenue 32,000
Billed Clients for services on account
Dividends 5,000
26-May Dividends Payable 5,000
Declared dividends to be distributed in june
Utilities Expense 200
29-May Cash 200
Paid May Utilities
Cash 30,000
30-May Accounts Recievable 30,000
Collected cash on account from clients billed on may 20
Salary Expense 14,000
31-May Cash 14,000
Paid Salary expense incurred in May
 Ledgers Ledger Accounts
Cash L1 - Cash L2 - Accounts Reciev
Accounts Recievable 3-May 800,000 4-May 1,000 20-May
Office Supplies 30-May 30,000 5-May 400
Office Equipment 18-May 7,000
Vehicles 29-May 200
Notes Payable 31-May 14,000
Accounts Payable Balance 807,400 Balance
Dividend Payable
Capital Stock L3 - Office Supplies L4 - Office Equipme
Client Revenue 5-May 400 15-May
Office Rent Expense
Salary Expense Balance 400 Balance
Utilities Expense
Dividends L5 - Vehicles L6 - Notes Payabl
18-May 27,000

Balacne 27,000

L7 - Accounts Payable L8 - Dividends Paya

15-May 8,000

Balance 8,000

L9 - Capital Stock L10 - Client Reven

3-May 800,000

Balance 800,000

L11 - Office Rent Expense L12 - Salary Expen

4-May 1,000 31-May

Balance 1,000 Balance

L13 - Utilities Expense L14 - Dividends

29-May 200 26-May

Balance 200 Balance

ounts Trafflet EnterpriseIncorporated
L2 - Accounts Recievable Trial Balance
32,000 30-May 30,000 May 31, 2011
Account Title Debit Credit
Cash 807,400
Accounts Recievable 2,000
Office Supplies 400
2,000 Office Equipment 8,000
Vehicles 27,000
L4 - Office Equipment Notes Payable 20,000
8,000 Accounts Payable 8,000
Dividends Payable 5,000
8,000 Dividends 5,000
Capital Stock 800,000
L6 - Notes Payable Client Revenue 32,000
18-May 20,000 Office Rent Expense 1,000
Salary Expense 14,000
Balance 20,000 Utilities Expense 200
Total 865000 865000
L8 - Dividends Payable Income Statement
26-May 5,000 Client Revenue 32,000
Less
Balance 5,000 Office Rent Expense 1,000
Salary Expense 14,000
L10 - Client Revenue Dividend Expense 5,000
20-May 32,000 Utilities Expense 200
Retain Earning 11,800
Balance 32,000 Balance Sheet
Assets Equity
L12 - Salary Expense Cash 807,400 Capital Stock 800,000
14,000 Accounts Recievable 2,000 Retain Earning 11,800
Office Supplies 400
14,000 Office Equipment 8,000
Vehicles 27,000
L14 - Dividends
5,000
Total 844,800
5,000
et
Liability
Notes Payable 20,000
Accounts Payable 8,000
Dividends Payable 5,000

844,800
 GENERAL JOURNAL Ledgers
date account title debit credit L1
cash 750000 L2
Feb 1 capitol stock 750000 L3
issued stocks L4
cash 50000 L5
Feb 5 notes payable 50000 L6
borrowed cash on notes payable L7
land 100000 L8
buildings 450000 L9
office equipment 50000 L10
Feb 8
cash 300000 L11
notes payable 300000 L12
purchased on notes payable
office suppplies 600
Feb 11 acounnbts payable 600
purchased on accounts payable
advertising expense 400
Feb 14 cash 400
paid newspaper for advertisement
accounts payable 100
Feb 20 office suppplies 100
recieved cash from transaction of feb 11
cash 6000
Feb 22 service revenue 6000
collected cash for services given to clients
accounts recievable 9000
Feb 24 service revenue 9000
billed clients on account recievable
salary expense 5000
Feb 25 cash 5000
paid salary to employees for the month of february
accounts payable 500
Feb 28 cash 500
paid for office supplies purchased on feb 11
Ledgers Ledger Accounts
Cash L1 - Cash L2 - Notes
Notes Payable 1-Feb 750,000 8-Feb 300,000
Capital Stock 5-Feb 50,000 14-Feb 400
Land 22-Feb 6,000 25-Feb 5,000
Office Supplies 28-Feb 500
Building
Advertising Expense Balance 500,100
Service Revenue
Accounts Payable L3 - Capital Stocks L4 - L
Office Equipment 1-Feb 750,000 8-Feb
Accounts Recievable
Salary Expense Balance 750,000 Balance

L5 - Office Supplies L6 - Bui

11-Feb 600 20-Feb 100 8-Feb

Balance 500 Balance

L7 - Advertising Expense L8 - Service

14-Feb 400 22-Feb
24-Feb
Balance 400 Balance

L9 - Accounts Payable L10 - Office E

20-Feb 100 11-Feb 600 8-Feb
28-Feb 500
Balance 0 Balance

L11 - Accounts Recievable L12 - Salary

24-Feb 9,000 25-Feb

Balance 9,000 Balance

unts TRIAL BALANCE
L2 - Notes Payable Account Title Debit
5-Feb 50,000 Cash 500100
8-Feb 300,000 Notes Payable
Balance 350,000 Capital Stocks
Land 100000
Office Supplies 500
Building 450000
Advertisement Expense 400
L4 - Land Service Revenue
100,000 Accounts Payable
Office Equipment 50000
100,000 Accounts Recievable 9000
Salary Expense 5000
L6 - Building Total 1115000
450,000 INCOME STATEMENT
Service Revenue 15000
450,000 Operating Expense (less)
advertisement expense 400
L8 - Service Revenue salary expense 5000
6,000 NET INCOME 9600
9,000 RETAIN EARNINGS 9600
15,000 BALANCE SHEET
ASSETS
L10 - Office Equipment FIXED ASSETS
50,000 Land 100000
Building 450000
50,000 Office Equipment 50000
Office Supplies 500
L12 - Salary Expense CURRENT ASSETS
5,000 Cash 500100
Accounts Recievable 9000
5,000 TOTAL 1109600
ALANCE
Credit

350000
750000

15000
0

1115000

LANCE SHEET
EQUITY+LIABILITY
EQUITY
Capital Stocks 750000
Retain Earnings (plus) 9600
EQUITY 759600
LIABILITY
Accounts Payable 0
Notes Payable 350000

TOTAL 1109600
 General Journal Ledgers
Date Accounts Debits Credits L1
Cash 60,000 L2
1-Jun Capital stock 60,000 L3
Issued stock to wendy winger L4
Aircraft 220,000 L5
Cash 40,000 L6
2-Jun
Notes Payable 180,000 L7
Purchased plane from Utility Aircraft L8
Rent Expenses 25,00 L9
4-Jun Cash 25,00 L10
Paid office and hanger rent for june L11
Account Receivable 8,320 L12
15-Jun Aerial Photography Revenue 8,320 L13
Billed customers for first half of june
Salaries Expenses 5,880
15-Jun Cash 5,880
Paid salaries for first half of june
Maintenance Expenses 1,890
18-Jun Cash 1,890
Paid Hannigan's hangar for repair services
Cash 4,910
25-Jun Account Receivable 4,910
Collected portion of amount billed to customers
Account Receivable 16,450
30-Jun Aerial Photography Revenue 16,450
Billed customers for services rendered
Salaries Expenses 6,000
30-Jun Cash 6,000
Paid salaries through month - end
Fuel Expenses 2,510
30-Jun Account Payable 2,510
Received bill for fuel used during june
Retained Expenses 2,000
30-Jun Dividends Payable 2,000
Declared dividend payable july 15.
 Ledgers Ledger Accounts
Cash L1 - Cash L2 - Accounts Recievable
Accounts Recievable 1-Jun 60,000 2-Jun 40,000 15-Jun 8,320
Notes Payable 25-Jun 4,910 4-Jun 2,500 30-Jun 16,450
Aircraft 15-Jun 5,880
Accounts Payable 18-Jun 1,890 Balance 19,860
Dividends Payable 30-Jun 6,000
Capital Stock
Aerial Photography Revenue Balance 8,640
Divdend Expense
Maintenance Expense L3 - Notes Payable L4 - Aircraft
Fuel Expense 2-Jun 180,000 2-Jun 220,000
Salaries Expense
Rent Expense Balance 180,000 Balance 220,000

L5 - Accounts Payable L6 - Dividend Payable

30-Jun 2,510

Balance 2,510

L7 - Capital Stock L8 - Aerial Photography Revenu

1-Jun 60,000

Balance 60,000

L9 - Divdend Expense L10 - Maintenance Expense

30-Jun 2,000 18-Jun 1,890

Balance 2,000 Balance 1,890

L11 - Fuel Expense L12 - Salaries Expense

30-Jun 2,510 15-Jun 5,880
30-Jun 6,000
Balance 2,510 Balance 11,880

L13 - Rent Expense

4-Jun 2,500

Balance 2,500
 Trial Balance
2 - Accounts Recievable Account title Debits Credits
25-Jun 4,910 Cash 8,640
Account Receivable 19,860
Aircraft 220,000
Account Payable 2,510
Dividends payable 2,000
Note Payable 180,000
Capital Stock 60,000
Dividents 2,000
L4 - Aircraft Aerial Photography 24,770
Salaries Expenses 11,880
Rent Expenses 2,500
Maintence Expenses 1,890
Fuel Expenses 2,510
L6 - Dividend Payable Total 269,280 269,280
30-Jun 2,000 Income Statement
Aerial Photography 24,770
Balance 2,000 Expenses
Salaries Expenses 11,880
Aerial Photography Revenue Rent Expenses 2,500
15-Jun 8,320 Maintence Expenses 1,890
30-Jun 16,450 Fuel Expenses 2,510
Balance 24,770 Income 5,990
Balance Sheet
0 - Maintenance Expense Assets Equity Liabilities
Fixed Assets Retained Expenses -2,000 Acc. Payable
Cash 8,640 Capital Stock 60,000 Dividends
Account Receivable 19,860 Income 5,990 N. Payable
Aircraft 220,000
L12 - Salaries Expense Total 248,500 248,500
Liabilities
2,510
2,000
180,000

248,500
 General Journal Led
Date Acc. Title Debit Credit L1
Cash 400,000 L2
1-May Capital Stock 400,000 L3
Issued 5,000 shares of capital stock L4
Land 70,000 L5
Building 180,000 L6
4-May Cash 100,000 L7
Notes Payable 150,000 L8
Purchased Land & Building L9
Medical Instruments 130,000 L10
9-May Cash 130,000 L11
Purchased Medical Instruments L12
Office Fixtures & Equipment 50,000 L13
Cash 20,000
16-May
Accounts Payable 30,000
Purchased Fixtures & Equipment
Office Supplies 5,000
21-May Cash 5,000
Purchased Office Supplies
Cash 1,900
Accounts Recievable 300
24-May
Vaterinary Service Revenue 2,200
Recorded Veterinary Service revenue earned
Advertising Expense 400
27-May Accounts Payable 400
Recorded advertising expense incurred in May
Cash 100
28-May Accounts Recievable 100
Collected cash for 24th May services
Salary Expense 2,800
31-May Cash 2,800
Paid May Salary Expense
 Ledgers Ledger Accounts
Cash Current Asset L1 - Cash
Accounts Recievable Current Asset 1-May 400,000 4-May 100,000
Office Supplies Expense 24-May 1,900 9-May 130,000
Office Fixtures & Equipment Expense 28-May 100 16-May 20,000
Medical Instruments Expense 21-May 5,000
Notes Payable Liability 31-May 2,800
Accounts Payable Liability Balance 144,200
Capital Stock Equity
Veterinary Service Revenue Revenue L3 - Office Supplies
Advertising Expense Expense 21-May 5,000
Salary Expense Expense
Land Asset Balance 5,000
Building Asset
L5 - Medical Instruments
9-May 130,000

Balacne 130,000

L7 - Accounts Payable
16-May 30,000
May-11 400
Balance 30,400

L9 - Veterinary Service Revenue

24-May 2,200

Balance 2,200

L11 - Salary Expense

31-May 2,800

Balance 2,800

L13 - Building
4-May 180,000

Balance 180,000
Ledger Accounts Trafflet EnterpriseIncorporated
L2 - Accounts Recievable Trial Balance
24-May 300 28-May 100 May 31, 2011
Account Title Debit
Balance 200 Cash 144,200
Accounts Recievable 200
Office Supplies 5,000
Office Fixtures & Equipment 50,000
Medical Instruments 130,000
L4 - Office Fixtures & Equipment Land 70,000
16-May 50,000 Building 180,000
Notes Payable
Balance 50,000 Accounts Payable
Capital Stock
L6 - Notes Payable Retained Earning
4-May 150,000 Vaterinary Service Revenue
Advertising Expense 400
Balance 150,000 Salary Expense 2,800
Total 582600
L8 - Capital Stock Income Statement
1-May 400,000 Veterinary Service Revenue 2,200
Less
Balance 400,000 Advertising Expense 400
Salary Expense 2,800
L10 - Advertising Expense Net Loss/Retain Earning -1,000
27-May 400 Balance Sheet
Asset
Balance 400 Cash 144,200
Accounts Recievable 200
L12 - Land Office Supplies 5,000
4-May 70,000 Medical Instruments 130,000
Office Fixtures & Equipment 50,000
Balance 70,000 Land 70,000
Building 180,000
Total 579,400
corporated
ce
11
Credit

150,000
30,400
400,000
0
2,200

582600

Balance Sheet
Equity Liability
Capital Stock 400,000 N. Payable 150,000
Retain Earning -1,000 Acc. Payable 30,400

579,400
 GENERAL JOURNAL Ledger Number
date account title debit credit L1
cash 80000 L2
Mar 2 capitol stock 80000 L3
issued stocks L4
truck 45000 L5
cash 15000 L6
Mar 4
notes payable 30000 L7
bought truck on notes payable L8
rent expense 2500 L9
Mar 5 cash 2500 L10
paid office rent L11
accounts recievable 11300 L12
Mar 9 service revenue 11300 L13
billed customers
salaries expense 7100
Mar 15 cash 7100
paid salaries for first half of march
maintenance expense 900
Mar 19 cash 900
paid bill's auto for repair services
cash 3800
Mar 20 accounts recievable 3800
collected portion of amount billed to customers
accounts recievable 14400
Mar 28 service revenue 14400
billed customers
salaries expense 7500
Mar 30 cash 7500
paid salaries to employees
feul expense 830
Mar 30 accounts payable 830
recived bill for feul
dividends 1200
Mar 30 dividends payable 1200
declared dividands payables
Account Title ledger account
cash L1 - Cash L7 - Ca
accounts recievable 2-Mar 80,000 4-Mar 15,000
truck 20-Mar 3,800 5-Mar 2,500
notes payable 15-Mar 7,100
account payable 19-Mar 900
dividend payable 30-Mar 7,500
capital stock Balance 50,800
dividends
service revenue L2 - accounts recievable L8 -
maintenance expense 9-Mar 11,300 20-Mar 3,800 30-Mar
feul expense 28-Mar 14400
salaries expense 21,900 Balance
rent expense
L3 - truck L9 - ser
4-Mar 45,000

Balance 45,000

L4 - Notes Payable L10 - maint

4-Mar 30,000 19-Mar

Balance 30,000 Balance

L5 - Accounts Payable L11 - f

30-Mar 830 30-Mar

Balance 830 Balance

L6 - dividends payable L12 - sal

30-Mar 1,200 15-Mar
30-Mar
Balance 1,200 Balance

L-13 rent expense

5-Mar 2,500

Balance 2,500
nt TRAIL BALANCE
L7 - Capital Stock Account Title Debit Credit
2-Mar 80,000 cash 50800
accounts recievable 21900
Balance 80,000 truck 45000
notes payable 30000
account payable 830
dividend payable 1200
capital stock 80000
L8 - dividends dividends 1200
1,200 service revenue 25700
maintenance expense 900
1,200 feul expense 830
salaries expense 14600
L9 - service revenue rent expense 2500
9-Mar 11,300 TOTAL INCOME 137730 137730
28-Mar 14,400 STATEMENT
Balance 25,700 Servive revenue 25700
Operating Expense (less)
L10 - maintenance expense maintenance expense 900
900 feul expense 830
salaries expense 14600
900 rent expense 2500
NET INCOME 6870
L11 - feul expense Financial Expense (less)
830 dividents 1200
RETAIN EARNINGS 5670
830 BALANCE SHEET
ASSETS EQUITY+LIABILITY
L12 - salaries expense Fixed Assets Equity
7,100 truck 45000 capital stock 80000
7500 Current Assets retained earnings (plus) 5670
14,600 cash 50800 EQUITY 85670
accounts recievable 21900 Liability
accounts payable 830
notes payable 30000
dividends payable 1200
TOTAL 117700 TOTAL 117700
 General Journal Ledger
Date Account Title Debit Credit L1
Cash 280,000 L2
1-Aug Capital Stock 280,000 L3
Issued 1,000 Shares of capital stock L4
Land 60,000 L5
Building 340,000 L6
4-Aug Cash 80,000 L7
Notes Payable 320,000 L8
Purchased Land & Building L9
Medical Instruments 75,000 L10
9-Aug Cash 75,000 L11
Purchased Medical Instruments L12
Office Fixtures & Equipment 25,000 L13
Cash 10,000
16-Aug
Accounts Payable 15,000
Purchased Office Fixtures & Equipment
Office Supplies 4,200
21-Aug Cash 4,200
Purchased Office Supplies
Cash 1,000
AccountsRecievable 12,000
24-Aug
Service Revenue 13,000
Recorded Dental Service Revenue Earned
Advertising Expense 450
27-Aug Accounts Payable 450
Recorded Advertising Expense Incurred in Aug
Cash 500
28-Aug Accounts Recievable 500
Collected Cash for Aug 24 Services
Salary Expense 2,200
31-Aug Cash 2,200
Paid Aug Salary Expense
Account Title Ledger Accounts
cash L1 - Cash L2 - Accounts Recievable
accounts recievable 1-Aug 280,000 4-Aug 80,000 24-Aug 12,000
office supplies 24-Aug 1,000 9-Aug 75,000
medical instrument 28-Aug 500 16-Aug 10,000 Balance 11,500
office fixtures and equipment 21-Aug 4,200
land 31-Aug 2,200
building Balance 110,100
notes payable
accounts payable L3 - Office Supplies L4 - Medical Instrument
capital stock 21-Aug 4,200 9-Aug 75,000
service revenue
advertising expense Balance 4,200 Balance 75,000
salary expense
L5 - Office Fixtures & Equipment L6 - Land
16-Aug 25,000 4-Aug 60,000

Balance 25,000 Balance 60,000

L7 - Building L8 - Notes Payable

4-Aug 340,000

Balance 340,000

L9 - Accounts Payable L10 - Capital Stock

16-Aug 15,000
27-Aug 450
Balance 15,450

L11 - Service Revenue L12 - Advertising Expense

24-Aug 13,000 27-Aug 450

Balance 13,000 Balance 450

L13 - Salary Expense

31-Aug 2,200

Balance 2,200
 TRIAL BALANCE
2 - Accounts Recievable Account Title Debit Credit
28-Aug 500 cash 110100
accounts recievable 11500
office supplies 4200
medical instrument 75000
office fixtures and equipment 25000
land 60000
building 340000
4 - Medical Instrument notes payable 320000
accounts payable 15450
capital stock 280000
service revenue 13000
advertising expense 450
L6 - Land salary expense 2200
Total 628450 628450
INCOME STATEMENT
Service revenue 13000
Operating Expense (less)
L8 - Notes Payable advertisement expense 450
4-Aug 320,000 salary expense 2200
NET INCOME 10350
Balance 320,000 RETAIN EARNINGS 10350
BALANCE SHEET
L10 - Capital Stock ASSETS EQUITY+LIABILITY
1-Aug 280,000 FIXED ASSETS EQUITY
land 60000 Capital Stock 280000
Balance 280,000 building 340000 retain earnings (plus) 10350
medical instrument 75000 EQUITY 290350
2 - Advertising Expense office fixtures and equipment 25000 LIABILITY
office supplies 4200 notes payable 320000
CURRENT ASSETS accounts payable 15450
Cash 110100
Accounts Recievabes 11500
TOTAL 625800 TOTAL 625800
 General Journal ledger
Date Account Title Debit Credit l1
office supplies expense 600 l2
31-Dec office supplies 600 l3
office supplies on hand left l4
insurance expense 1500 l5
31-Dec unexpired insuransce 1500 l6
insurane expense l7
depreciation expense (building ) 150 l8
31-Dec accumulated depreciation 150 l9
depreciation expense on building l10
depreciation expense (tools and euipment ) 200 l11
31-Dec accumlated depreciation 200 l12
depreciation expense on tools and euipment l13
unearned revenue 3000 l14
31-Dec rent revenue 3000 l15
rent revenue earned l16
wages expense 1950 l17
31-Dec wages payable 1950 l18
wages expense on due l19
interest expense 30 l20
31-Dec interest payable 30 l21
interest expense on note payable l22
account recivable 1500 l23
31-Dec repair service revenue 1500 l24
repair service revenue l25
income tax expense 4020 l26
31-Dec income tax payable 4020 l27
income tax expense on december l28
l29
 account title
adusjted Trail balance for december 31
Cash
account recivable account title
shop supplies Cash
unexpired insurance account recivable
land shop supplies
building unexpired insurance
accumlated depreciation building land
tools and euipment building
accumlated depreciation tools & equip accumlated depreciation building
notes payable tools and euipment
account payable accumlated depreciation tools & equip
income taxes payable notes payable
unearned rent revenue account payable
capital stock income taxes payable
retained erarning unearned rent revenue
didvidends capital stock
repair service revenue retained erarning
advertising expense didvidends
wages expense repair service revenue
supplies expense advertising expense
depreciation expense:building wages expense
depreciation expense: tools&equipment supplies expense
utilities expense depreciation expense:building
insurance expense depreciation expense: tools&equipment
income taxes expense utilities expense
wages payable insurance expense
interest expense income taxes expense
interest payable wages payable
rent revenue interest expense
interest payable
rent revenue
Total
e for december 31 income statement for december 31
debit credit repair service revenue 172750
18,592 uneraned rent revenue 6000
8000 rent revenue 3000
1200 less operating expense
3000 advertising expense -3900
52000 wages expense -58750
36000 supplies expense -7500
1,650 depreciation expense:building -1650
12,000 depreciation expense: tools&equipment -2200
2200 utilities expense -19400
4000 insurance expense -15000
2690 income taxes expense -26628
5580 interest expense -30
6000 less finacial expense
80000 dividends -14000
0 reatined earning 32,692
14000
172750 adjusted Balance sheet for december 31
3900 Aseets Equity & Laibliatees
58750 land 52000 Equity
7500 building (36000-1650) 34350 capital stock
1650 tools &euipment(12000-2200) 9800 Retain earning
2200 Current assset Laibliates
19400 cash 18592 note payable
15000 account recivable 8,000 accounts payable
26628 office supplies 1200 income taxes payable
1950 unxexpired insurance 3000 wages payable
30 interest payable
30 Total 126,942
3000
279,850 279,850
 Equity
80000
32692
Laibliates
4000
2690
5580
1950
30
126,942
 General Journal
Trans. No Account Title Debit
Prepaid rent expense 2100
1 Rent expence

Dues and subscription expense 50

2 Pre-paid dues and subsripton

Supplies expense 150

3 Pre-paid supplies

Depreciation equipment expense 600

4 Acculmulated depreciation

Intrest expense 100

5 Intrest payable

Unearned Counsulting fee 2850

6 Earned consulting fee

Consulting fee receivable 11000

7 Earned consulting fee

Salaries expense 1700

8 Salaries payable

Income tax expense 5000

9 Income tax payable
 Trial Balance
Credit Account title Debit Credit
Cash 49100
2100 Counsulting fee Receivable 34400
Prepaid office rent 4200
Pre-paid dues and subscription 250
50 supplies 450
Equipment 36000
Acculmulated depreciation-Equipment 10800
150 Notes payable 5000
Income tax payable 17000
Salaries payable 1700
600 intrest payable 100
unearned counsulting fee 3100
Capital stock 30000
100 retained earning 32700
Divident 60000
Counsulting fee Earned 271030
2850 salaries expanse 90520
telephone expanse 2550
rent expense 24100
11000 income tax expanse 56000
supplies expanse 1750
dues and subscription expanse 610
1700 depreciation expense 7200
miscellenous expense 4200
interest expense 100
5000 Total 371430 371430
 Balance Sheet
assets liabilities & equity
cash 49100 capital stock 30000
consulting fess 34400 retained earning 55350
supplies 450 note payable 5000
equipment 25200 income taxes pa 17000
sip 1700
Total 109150 109050
Income Statement
unearned consulting fees 3100
cosulting fees earned 271030
revenue 274130
less operating expense
prepaid office rent 4200
prepaid dues and subscription 250
salaries expanse 90520
telephone expanse 2550
rent expanse 24100
income tax expense 56000
dues and subscription 610
supplies expanse 1750
description expanse 7200
miscellenous expanse 4200
interest expanse 100
divident 60000

retained earning 22650

 General journal
Date Account title Debit Credit
film rental expence 15200
1-Aug prepaid rent 15200
paid rent in advance
depreciation expence 700
2-Aug acumulated depreciation 700
depreciation of building charged
depreciation expence 600
3-Aug acumulated depreciation 600
depreciation for fixtures and equipment
4-Aug interest expence 1500
intrest payable 1500
interest for augustis due
5-Aug unearned admission revenue 500
admission earned 500
revenue of the month adjusted
account recivable 2250
6-Aug concession revenue 2250
revenue from tastie.corp
7-Aug salaries expence 1700
salary payable 1700
unpaid salary dues
8-Aug income tax expence 4200
income tax payable 4200
income tax due
 Adjusted Trial Balance
title debit credit
cash 20,000
prepaid film rental 16,000
land 120,000
biulding 168,000
accumulated depreciation .building 13,300
fixtures and equipment 36,000
accumulated depreciation .fixtures & equipment 11,400
notes payable 180,000
accounts payable 4,400
unearned admission revenue 500
income tax payable 1500
capital stock 40,000
retained earnings 46,610
dividents 15,000
admission revenue 304,700
concession revenue 14,350
salaries expence 68,500
film rental expence 109,700
utilities expence 9,500
depreciation expence of fixtures & equipment 4,800
Depriciation expense of building 910
interest expense 10,500
income tax expence 35,800
interest payable 1500
salaries payable 1700
account recievable 2,250
Total 618,460 618,460
 Income Statement
sales revenue 109,900
biulding 5,600
fixtures & Equipment 4,800
income tax 3,660
admissions 500

retail expences 1,500

80,140
Balance Sheet
Assets Equity liability
cash 20,000 capital stock 40,000 acc. payable 4,400
land 120,000 retail expence 80,140 n.payable 180,000
building 108,000
utilities expence 9,500

Total 304,540 304,540