ASSETS LIABILITIES/ OWNERS' EQUITY

Cash 20,830 Accounts payable 220,000

Bank 220,687 Notes payable 100,000
Merchandise inventory 400,200 Pain-in capital 561,717
Equipment 200,000 881,717
Computer equipment 40,000
881,717
NO. DATE ACCOUNTS DESCRIPTION
1 november 1st Merchandise inventory
Accounts payable
2 november 2nd Accounts payable
Merchandise inventory
3 november 3rd Merchandise inventory
Bank
Merchandise inventory (discount)
4 november 4th Notes recivable
Sales revenue
Interest income
4A Cost of good sold
Merchandise inventory
5 november 6th Cash
Sales revenue (discount)
Sales revenue
5A Cost of good sold
Merchandise inventory
6 november 7th Cash
Sales revenue
6A Cost of good sold
Merchandise inventory
7 november 10th Bank
Cash
8 november 13th Sales revenue
Bank
8A Merchandise inventory
Cost of good sold
9 november 18th Merchandise inventory
Bank
Accounts payable
10 november 21st Selling expenses
Bank
11 november 23rd Equipment
Furniture
Accounts payable
12 november 24th Administrative expenses
Expenses payable
13 november 25th Selling expenses
Salaries payable
14 november 30th Administrative expenses
Depreciation
DEBIT CREDIT
10,000
10,000
1,000
1,000
8,000
7,200
800
270,600
246,000
24,600
98,400
98,400
360,000
40,000
400,000
100,800
100,800
220,000
220,000
66,000
66,000
550,000
550,000
40,000
40,000
66,000
66,000
500,000
250,000
250,000
10,000
10,000
10,000
20,000
30,000
30,000
30,000
100,000
100,000
1,500
1,500
CASH BANK
bb) 20,830 7) 550,000 bb) 220,687 3) 7,200
5) 360,000 550,000 7) 550,000 8) 40,000
6) 220,000 770,687 9) 250,000
600,830 E.B. 463,487 10) 10,000
E.B. 50,830 307,200

COMPUTER E. FURNITURE
bb) 40,000 11) 20,000
40,000 20,000
E.B. 40,000 E.B. 20,000

ACCOUNTS PAYABLE NOTES PAYABLE

2) 1,000 bb) 220,000 bb) 100,000
1,000 1) 10,000 100,000
9) 250,000 E.B. 100,000
11) 30,000
510,000
E.B. 509,000

INTEREST INCOME SELLING EXPENSES

4) 24,600 10) 10,000
24,600 13) 100,000
E.B. 24,600 110,000
E.B. 110,000

SALARIES PAYABLE DEPRECIATION

13) 100,000 14) 1,500
100,000 1,500
E.B. 100,000 E.B. 1,500
MERC. INV. EQUIPMENT
bb) 400,200 2) 1,000 bb) 200,000
1) 10,000 3) 800 11) 10,000
3) 8,000 4A) 98,400 210,000
8A) 66,000 5A) 100,800 E.B. 210,000
9) 500,000 6A) 66,000
984,200 267,000
E.B 717,200

NOTES RECIVABLE COST OF GOOD SOLD

4) 270,600 4A) 98,400 8A) 66,000
270,600 5A) 100,800 66,000
E.B. 270,600 6A) 66,000
265,200
E.B. 199,200

PAID-IN CAPITAL SALES REVENUE

bb) 561,717 5) 40,000 4) 246,000
561,717 8) 40,000 5) 400,000
E.B. 561,717 80,000 6) 220,000
866,000
E.B. 786,000

ADMINISTRATIVE EXPENSES EXPENSES PAYABLE

12) 30,000 12) 30,000
14) 1,500 30,000
31,500 E.B. 30,000
E.B. 31,500
 ACCOUNT ACTIVITY ENDING BALANCES
ACCOUNTS DEBIT CREDIT DEBIT
Cash 600,830 550,000 50,830
Bank 770,687 307,200 463,487
Merchandise inventory 984,200 267,000 717,200
Equipment 210,000 0 210,000
Computer equipment 40,000 0 40,000
Furniture 20,000 0 20,000
Notes recivable 270,600 0 270,600
Cost of good sold 265,200 66,000 199,200
Accounts payable 1,000 510,000
Notes payable 0 100,000
Paid-in capital 0 561,717
Sales revenue 80,000 866,000
Interest income 0 24,600
Selling expenses 110,000 0 110,000
Administrative expenses 31,500 0 31,500
Expenses payable 0 30,000
Salaries payable 0 100,000
Depreciation 0 1,500
EQUAL AMOUNTS 3,384,017 3,384,017 2,112,817
ENDING BALANCES
CREDIT

509,000
100,000
561,717
786,000
24,600

30,000
100,000
1,500
2,112,817
 ASSETS LIABILITIES/ OWNERS' EQUITY
Cash 6,000 Accounts payable 80,000
Bank 500,000 Notes payable 10,000
Merchandise inventory 90,000 Sundry Creditors 110,000
Equipment 100,000Pain-in capital 616,000
Computer equipment 120,000 816,000
816,000
NO. DATE ACCOUNTS DESCRIPTION DEBIT
1 september 1st Merchandise inventory 200,000
Accounts payable
2 september 2nd Accounts recibable 150,000
Cash 150,000
Sales revenue
2A Cost of good sold 90,000
Merchandise inventory
3 september 3rd Sales revenue 10,000
Bank
3A Merchandise inventory 90,000
Cost of good sold
4 september 6th Accounts payable 20,000
Merchandise inventory
5 september 10th Merchandise inventory 220,000
Bank
Notes payable
6 september 12th Selling expenses 15,000
Bank
7 september 15th Notes recibable 429,000
Sales revenue
Interest income
Cost of good sold 120,000
Merchandise inventory
8 september 20th Equipment 60,000
Computer equipment 40,000
Sundry creditors
9 september 25th Bank 135,000
Cash
10 september 28th Administrative expenses 40,000
Expenses payable
Selling expenses 73,800
Salaries payable
11 september 30th Administrative expenses 2,600
Depreciation
CREDIT

200,000

300,000

90,000

10,000

90,000

20,000

132,000
88,000

15,000

390,000
39,000

120,000

100,000

135,000

40,000

73,800

2,600
CASH BANK
bb) 6,000 9) 135,000 bb) 500,000 3) 10,000
2) 150,000 135,000 9) 135,000 5) 132,000
156,000 635,000 6) 15,000
E.B. 21,000 E.B. 478,000 157,000

COMPUTER E. NOTES RECIVABLE

bb) 120,000 7) 429,000
8) 40,000 429,000
160,000 E.B. 429,000
E.B. 160,000

ACCOUNTS PAYABLE NOTES PAYABLE

4) 20,000 bb) 80,000 bb) 10,000
20,000 1) 200,000 5) 88,000
280,000 98,000
E.B. 260,000 E.B. 98,000

SALES REVENUE INTEREST INCOME

3) 10,000 2) 300,000 7) 39,000
10,000 7) 390,000 39,000
690,000 E.B. 39,000
E.B. 680,000

EXPENSES PAYABLE SALARIES PAYABLE

10) 40,000 10) 73,800
40,000 73,800
E.B. 40,000 E.B. 73,800
MERCHANDISE I. EQUIPMENT
bb) 90,000 2A) 90,000 bb) 100,000
1) 200,000 4) 20,000 8) 60,000
3A) 90,000 7) 120,000 160,000
5) 220,000 230,000 E.B. 160,000
600,000
E.B. 370,000

COST OF GOOD SOLD ACCOUNTS RECIVABLE

2A) 90,000 3A) 90,000 2) 150,000
7) 120,000 90,000 150,000
210,000 E.B. 150,000
E.B. 120,000

SUNDRY CREDITORS PAID-IN CAPITAL

bb) 110,000 bb) 616,000
8) 100,000 616,000
210,000 E.B. 616,000
E.B. 210,000

SELLING EXPENSES ADMINISTRATIVE EXPENSES

6) 15,000 10) 40,000
10) 73,800 11) 2,600
88,800 42,600
E.B. 88,800 E.B. 42,600

DEPRECIATION
11) 2,600
2,600
E.B. 2,600
 ACCOUNT ACTIVITY ENDING BALANCES
ACCOUNTS DEBIT CREDIT DEBIT
Cash 156,000 135,000 21,000
Bank 635,000 157,000 478,000
Merchandise inventory 600,000 230,000 370,000
Equipment 160,000 0 160,000
Computer equipment 160,000 0 160,000
Notes recivable 429,000 0 429,000
Cost of good sold 210,000 90,000 120,000
Accounts recivable 150,000 0 150,000
Accounts payable 20,000 280,000
Notes payable 0 98,000
Sundry creditors 0 210,000
Paid-in capital 0 616,000
Sales revenue 10,000 690,000
Interest income 0 39,000
Selling expenses 88,800 0 88,800
Administrative expenses 42,600 0 42,600
Expenses payable 0 40,000
Salaries payable 0 73,800
Depreciation 0 2,600
EQUAL AMOUNTS 2,661,400 2,661,400 2,019,400
ENDING BALANCES
CREDIT

260,000
98,000
210,000
616,000
680,000
39,000

40,000
73,800
2,600
2,019,400