P2-3 B

Date Explanation Ref Debit Credit

1-May Cash 101 50,000
Common Stock 311 50,000
(owners's invested in Business)

2-May No Entry

3-May Prepaid Rent 120 24,000

Cash 101 24,000
(Paid one year advance rent)

4-May Furniture and Equipment 157 30,000

Cash 101 8,000
Account Payable 201 22,000
(Purchased Furniture and Equipment paying partial payament)

5-May Prepaid Insurance 130 1,800

Cash 101 1,800
(Purchased one year insurance policy)

6-May Office Supplies 126 750

Cash 101 750
(Purchased office supplies)

7-May Office Supplies 126 1,300

Account Paayble 201 1,300
(Purchased office supplies on credit)

8-May Cash 101 8,000

Account Receivable 112 12,000
Service Revenue 400 20,000
(Earned revenue)

9-May Account Payable 201 900

Cash 101 900
(Paid amount due)

10-May Cash 101 3,000

Account Reveivable 112 3,000
(Received cash from customers)
11-May Utility Expense 711 260
Account Payable 201 260
(received utility bill)

12-May Salaries and Wages Expense 729 5,600

Cash 101 5,600
(Paid Salaries)

Account Number

101 Cash
112 Account Receivable
120 Prepaid Rent
126 Office supplies
130 Prepaid Insurance
157 Furniture and Equipment
201 Account payable
311 Common Stock
400 Service Revenue
711 Utility Expense
729 Salaries and Wages Expense
Total
 Cash 101 Account Receivable 112
1-May 50,000 3-May 24,000 8-May 12,000 10-May
8-May 8,000 4-May 8,000
10-May 3,000 5-May 1,800
6-May 750
9-May 900
12-May 5,600
Total 61,000 Total 41,050
Balnce 19,950 Balance 9,000

Prepaid Rent 120 Office Supplies 126

3-May 24,000 6-May 750
7-May 1,300

Balnce 24,000 Balnce 2,050

Prepaid Insurance 130 Furnture and Equipment 157

5-May 1,800 4-May 30,000

Balance 1,800 Balance 30,000

 Account Payable 201 Common Stock 311
9-May 900 4-May 22,000 1-May
7-May 1,300
11-May 260

Total 900 Total 23,560

Balance 22,660 Balnce

Service Revenue 400 Utility Expense 711

8-May 20,000 11-May 260

Balance 20,000 Balnce 260

Salary and Wages Expense 729

12-May 5,600

Balnce 5,600

Chamberlain Services
Trial Balance
31-May-14
Debit Crdit
$ $
19,950
t Receivable 9,000
24,000
2,050
 Insurance 1,800
re and Equipment 30,000
22,660
50,000
20,000
260
s and Wages Expense 5,600

$ 92,660 $ 92,660
 112
3,000

126

ment 157
 311
50,000

50,000

711
2-5A page 89
Date Explanation Ref Debit Credit
2-Apr Rent Expense 729 800
Cash 101 800
(Paid film rental)

3-Apr No entry
order for film

9-Apr Cash 101 1,800

Sevice Revenue 400 1,800
(Received Admission revenue)

10-Apr Account Payable 201 1,000

Mortgage Payable 275 2,000
Cash 101 3,000
(Paid amount due)

11-Apr No Entry

12-Apr Advertising Expense 610 300

Cash 101 300
(Paid Advertising Expense)

20-Apr Rent Expense 1,000

Cash 1,000
(Paid rent on film received)

25-Apr Cash 101 5,200

Service Revenue 400 5,200
( received admission revenue)

29-Apr Salaries and Wages Expense 726 1,600

Cash 101 1,600
(Paid Salaries)
30-Apr Cash 90
Account Receivable 90
Rent Revenue 180
(Received partial payment from D Zarlay for Rent revenue )

(1,000*.18=180)

30-Apr Prepaid Rent 136 900

Cash 101 900
(Paid rent for movie to be shown in may)
Account Number

101
112
136
140
145
157
201
275
311
400
429
610
726
729
 Cash No 101 Account Receivable No 112
Beginning Ba 6,000 2-Apr 800 April 90
9-Apr 1,800 10-Apr 3,000
25-Apr 5,200 12-Apr 300
30-Apr 90 20-Apr 1,000
29-Apr 1,600
30-Apr 900
Total 13,090 Total 7,600
Balance 5,490 Balance 90

Prepaid Rent NO: 136 Land No.140

30-Apr 900 B.B 10,000

Balance 900 Balance 10,000

Building No: 145 Equipment No: 157

B.B 8,000 B.B 6,000

Balance 8,000 Balance 6,000

Account Payable NO 201 Mortgage Payable NO: 275

 10-Apr 1,000 B.B 2,000 10-Apr 2,000

Balance 1,000

Common Stock No:311 Service Revenue NO: 400

B.B 20,000

Balance 20,000

Rent Reveneue NO: 429 Advertising Expense NO: 610

30-Apr 180 12-Apr 300

Balance 180 Balance 300

Salries and Wages Expense NO: 726 Rent Expense NO: 729
29-Apr 1,600 2-Apr 800
20-Apr 1,000

Balance 1,600 Balance 1,800

 The Classic Theatre
Trial Balance
30-Apr-21
Account Number Debit Credit
$ $
Cash 5,490
Account Receivable 90
Prepaid Rent 900
Land 10,000
Building 8,000
Equipment 6,000
Accunt Payable 1,000
Mortgage Payable 6,000
Common Stock 20,000
Service Revenue 7,000
Rent Revenue 180
Advertising Expense 300
Salaries and Wages Expense 1,600
Rent Expense 1,800
Total $ 34,180 $ 34,180
t Receivable No 112

and No.140

ipment No: 157

ge Payable NO: 275

 B.B 8,000

Balance 6,000

e Revenue NO: 400

9-Apr 1,800
25-Apr 5,200

Balance 7,000

ing Expense NO: 610

Expense NO: 729