Professional Documents
Culture Documents
April
5 Cash J1 200,000.00
Timothy, Capital J1 200,000.00
Timothy's Initial Investment
7 Equipment J3 55,000.00
Accounts Payable J3 55,000.00
Purchased Office Equipment
10 Supplies J5 11,315.00
Cash J5 11,315.00
Purchased Supplies
12 Cash J6 57,500.00
Supplies Expense J6 8,250.00
Service Fees Earned J6 57,500.00
Supplies J6 8,250.00
Service Renderred
20 Supplies J7 15,000.00
Accounts Payable J7 15,000.00
Purchased of Supplies on account
CASH
Date Explanations Ref Debit Credit
April
5 Timothy's Initial Investment J1 200,000.00
6 Paid for Rent J2 8,000.00
8 Purchased Used Car J4 80,000.00
10 Purchased Supplies J5 11,315.00
12 Service Renderred J6 57,500.00
24 Paid for repairs on car J9 4,500.00
25 Paid for Utilities J10 1,750.00
26 Paid Bank Loan J11 20,000.00
27 Received Cash from Mr. Ferrer J12 10,000.00
28 Paid Salaries J13 5,000.00
29 Paid Owed Equipment J14 5,000.00
30 Timothy Withdrawal J15 3,500.00
ACCOUNTS RECEIVABLE
Date Explanations Ref Debit Credit
April
23 Service Renderred J8 14,950.00
27 Received Cash from Mr. Ferrer J12 10,000.00
SUPPLIES
Date Explanations Ref Debit Credit
April
10 Purchased Supplies J5 11,315.00
12 Service Renderred J6 8,250.00
20 Purchased of Supplies on account J7 15,000.00
23 Service Renderred J8 3,500.00
EQUIPMENT
Date Explanations Ref Debit Credit
April
7 Purchased Office Equipment J3 55,000.00
CAR
Date Explanations Ref Debit Credit
April
8 Purchased Used Car J4 180,000.00
BANK LOAN PAYABLE
Date Explanations Ref Debit Credit
April
8 Purchased Used Car J4 100,000.00
26 Paid Bank Loan J11 20,000.00
ACCOUNTS PAYABLE
Date Explanations Ref Debit Credit
April
7 Purchased Office Equipment J3 55,000.00
20 Purchased of Supplies on account J7 15,000.00
29 Paid Owed Equipment J14 5,000.00
ACCT. NO 11 TIMOTHY, CAPITAL
Balance Date Explanations Ref Debit
Debit Credit April
200,000.00 5 Timothy's Initial Investment J1
192,000.00
112,000.00
100,685.00 TIMOTHY, DRAWING
158,185.00 Date Explanations Ref Debit
153,685.00 April
151,935.00 30 Timothy Withdrawal J15 3,500.00
131,935.00
141,935.00
136,935.00 SERVICE FEES EARNED
131,935.00 Date Explanations Ref Debit
128,435.00 April
12 Service Renderred J6
23 Service Renderred J8
ACCT. NO 12
Balance
Debit Credit SALARIES EXPENSE
14,950.00 Date Explanations Ref Debit
4,950.00 April
28 Paid Salaries J13 5,000.00
ACCT. NO 13
Balance RENT EXPENSE
Debit Credit Date Explanations Ref Debit
11,315.00 April
3,065.00 6 Paid for Rent J2 8,000.00
18,065.00
14,565.00
REPAIRS EXPENSE
Date Explanations Ref Debit
ACCT. NO 16 April
Balance 24 Paid for repairs on car J9 4,500.00
Debit Credit
55,000.00
SUPPLIES EXPENSE
Date Explanations Ref Debit
ACCT. NO 18 April
Balance 12 Service Renderred J6 8,250.00
Debit Credit 23 8250 J8 3,500.00
180,000.00
UTILITIES EXPENSE
ACCT. NO 21 Date Explanations Ref Debit
Balance April
Debit Credit 25 Paid for Utilities J10 1,750.00
100,000.00
80,000.00
ACCT. NO 22
Balance
Debit Credit
55,000.00
70,000.00
65,000.00
ACCT. NO 31
Credit Balance
Debit Credit
200,000.00 200,000.00
ACCT. NO 32
Credit Balance
Debit Credit
3,500.00
ACCT. NO 41
Credit Balance
Debit Credit
57,500.00 57,500.00
14,950.00 72,450.00
ACCT. NO 51
Credit Balance
Debit Credit
5,000.00
ACCT. NO 53
Credit Balance
Debit Credit
8,000.00
ACCT. NO 54
Credit Balance
Debit Credit
4,500.00
ACCT. NO 55
Credit Balance
Debit Credit
8,250.00
11,750.00
ACCT. NO 59
Credit Balance
Debit Credit
1,750.00
TIM'S DESIGN
TRIAL BALANCE
APRIL
Acct. No. Account Titles Debit Credit
11 Cash 128,435.00
12 Accounts Receivable 4,950.00
13 Supplies 14,565.00
16 Equipment 55,000.00
18 Cars 180,000.00
21 Bank Loan Payable 80,000.00
22 Accounts Payable 65,000.00
31 Timothy, Capital 200,000.00
32 Timothy, Drawing 3,500.00
41 Service Fees Earned 72,450.00
51 Salaries Expense 5,000.00
53 Rent Expense 8,000.00
54 Repairs Expense 4,500.00
55 Supplies Expense 11,750.00
59 Utilities Expense 1,750.00
Total 417,450.00 417,450.00