GENERAL JOURNAL

Date Particulars Debit Credit

December 1 Cash 100,000
MakaPassarlageko, Capital 100,000

Prepaid Rent/ Rent Expense 13,500

Cash 13,500

December 2 Office Equipment 20,000

Cash 10,000
Accounts Payable 10,000

3 Office Supplies 2,000

Cash 2,000

9 Purchases 95,000
Transportation In 4,000
Accounts Payable 99,000

17 Advertising Expense 200

Cash 200

11 Accounts Receivable 42,500

Sales 41,200
Cash 1,300

15 Accounts Receivable 32,600

Transportation Out 1,100
Sales 33,700

16 Sales Returns and Allowances 540

Accounts Receivable 540

17 Cash 74,560
Accounts Receivable 74,560

18 Accounts Payable 5,000

Cash 5,000

19 Accounts Payable 99,000

Purchase Discount 1,900
Cash 97,100

21 MakaPassarlageko, Withdrawals 10,000

 Cash 10,000

27 Accounts Receivable 85,900

Transportation Out 2,400
Sales 85,900
Cash 2,400

31 Salaries Expense 6,000

Utilities Expense 2,000
Cash 8,000

Adjusting Journal Entries

Depreciation Expense 250
Accumulated Depreciation 250

Supplies Expense 1,250

Office Supplies 1,250

Bad Debts Expense 1,000

Allowance for Doubtful Accounts 1,000

Rent Expense/ Prepaid Rent 1,500 12,000

Prepaid Rent/ Rent Expense 1,500 12,000

Salaries Expense 3,000

Salaries Payable 3,000

Closing Entries
Income Summary 118,240
Sales Returns and Allowance 540
Transportation Out 3,500
Purchases 95,000
Transportation In 4,000
Advertising Expense 200
Office Supplies Expense 1,250
Salaries Expense 9,000
Depreciation Expense 250
Utilities Expense 2,000
Bad Debts 1,000
Rent Expense 1,500

Merchandise, Inventory 50,000

Sales 160,800
Purchase Discount 1,900
Income Summary 212,700
 Income Summary 94,460
MakaPassarlageko, Capital 94,460

MakaPassarlageko, Capital 10,000

MakaPassarlageko, Withdrawal 10,000

Reversing Entries
***** Rent Expense 12,000
Prepaid Rent 12,000

Salaries Payable 3,000

Salaries Expense 3,000
 GENERAL LEDGER
Account No.: Account Name: Cash
Date Particulars Debit Credit Balances
Decembe 1 Initial Investment 100,000 100,000
Payment for rent 13,500 86,500
Decembe 2 Purchase of office computer 10,000 76,500
3 Purchase of office supplies 2,000 74,500
10 Payment for advertisement 200 74,300
11 Sale to Mr. TopOne, Freight Prepaid 1,300 73,000
17 Receipt of Payment 74,560 147,560
18 Payment for office equipment 5,000 142,560
19 Payment for merchandise 97,100 45,460
21 Withdrawal of Ms. MakaPassarlageko 10,000 55,460
27 Sale to Mr. DebitCredit and Ms. AccountingCycle Freight O 2,400 53,060
31 Salary and utility expense 8,000 45,060

Account No.: Account Name: Accounts Receivable

Date Particulars Debit Credit Balances
December 11 Sale to Mr. TopOne 42,500 42,500
15 Sale to Ms. FinAccPaMore 32,600 75,100
16 Sales Return by Ms. FinAccPaMore 540 74,560
17 Receipt of Payment 74,560 -
27 Sale to Mr. DebitCredit and Ms. AccountingCycle 85,900 85,900

Account No.: Account Name: Allowance for Doubtful Accounys

Date Particulars Debit Credit Balances
ADJUSTMENT 1,000 1,000

Account No.: Account Name: Merchandise Inventory, End

Date Particulars Debit Credit Balances
Merchandise Inventory, end 50,000 50,000

Account No.: Account Name: Prepaid Rent

Date Particulars Debit Credit Balances
Decembe 1 Payment for rent 13,500 13,500
ADJUSTMENT 1,500 12,000

Account No.: Account Name: Prepaid Rent

Date Particulars Debit Credit Balances
ADJUSTMENT 12,000 12,000

Account No.: Account Name: Office Supplies

Date Particulars Debit Credit Balances
decembe 3 Office Supplies 2,000 2,000
ADJUSTMENT 1,250 750
Account No.: Account Name: Office Equipment
Date Particulars Debit Credit Balances
Decembe 2 Purchase of Office Computer 20,000 20,000

Account No.: Account Name: Accumulated Depreciation

Date Particulars Debit Credit Balances
ADJUSTMENT 250 250

Account No.: Account Name: Accounts Payable

Date Particulars Debit Credit Balances
Decembe 2 Purchase of Office Computer 10,000 10,000
9 Purchase of Merchandise 99,000 109,000
18 50% payment for Office Computer 5,000 104,000
19 Payment for merchandise 99,000 5,000

Account No.: Account Name: Salaries Payable

Date Particulars Debit Credit Balances
ADJUSTMENT 3,000 3,000

Account No.: Account Name: MakaPassarlageko, Capital

Date Particulars Debit Credit Balances
Decembe 1 Initial Investment 100,000 100,000
CLOSING ENTRY 10,000 90,000
PROFIT 94,460 184,460

Account No.: Account Name: MakaPassarlageko, Withdrawal

Date Particulars Debit Credit Balances
Decembe 21 Withdrawals for personal use 10,000 10,000

Account No.: Account Name: Sales

Date Particulars Debit Credit Balances
Decembe 11 Sales to Mr. TopOne 41,200 41,200
15 Sales to Ms. FinaccPaMore 33,700 74,900
27 Sale to Mr. DebitCredit and Ms. AccountingCycle 85,900 160,800

Account No.: Account Name: Sales Return and Allowances

Date Particulars Debit Credit Balances
Decembe 16 Sales Return by Ms. FinAccPaMore 540 540

Account No.: Account Name: Transportation Out

Date Particulars Debit Credit Balances
Decembe 15 Sale to Ms. FinAccPaMore 1,100 1,100
27 Sale to Mr. DebitCredit and Ms. AccountingCycle Freight O 2,400 3,500

Account No.: Account Name: Purchases

Date Particulars Debit Credit Balances
Decembe 9 Purchase of Merchandise 95,000 95,000

Account No.: Account Name: Purchases Discount

Date Particulars Debit Credit Balances
Decembe 19 Purchase of merchandise 1,900 1,900

Account No.: Account Name: Transportation In

Date Particulars Debit Credit Balances
Decembe 9 Purchase of Merchandise 4,000 4,000

Account No.: Account Name: Advertising Expense

Date Particulars Debit Credit Balances
Decembe 10 Payment for Advertisement 200 200

Account No.: Account Name: Office Supplies Expense

Date Particulars Debit Credit Balances
ADJUSTMENT 1,250 1,250

Account No.: Account Name: Salaries Expense

Date Particulars Debit Credit Balances
Decembe 31 Salaries for 2 employees 6,000 6,000
ADJUSTMENT 3,000 9,000

Account No.: Account Name: Depreciation Expense

Date Particulars Debit Credit Balances
Janaury 31 ADJUSTMENT 250 250

Account No.: Account Name: Utilities Expense

Date Particulars Debit Credit Balances
Decembe 31 for December 2,000 2,000

Account No.: Account Name: Bad Debts Expense

Date Particulars Debit Credit Balances
ADJUSTMENT 1,000 1,000

Account No.: Account Name: Rent Expense

Date Particulars Debit Credit Balances
ADJUSTMENT 1,500 1,500

Account No.: Account Name: Rent Expense

Date Particulars Debit Credit Balances
Decembe 1 Rent paid in advance 13,500 13,500
ADJUSTMENT 12,000 1,500
 Accounting 101
Worksheet
December 31, 2017
UNADJUSTED TRIAL STATEMENT OF REVENUE
Account Titles BALANCE ADJUSTMENTS ADJUSTED TRIAL BALANCE AND EXPENSES BALANCE SHEET ADJUSTED TRIAL BALANCE
Cash 25,060 25,060 25,060 25,060
Accounts Receivable 85,900 85,900 85,900 85,900
Allowance for Doubtful Accounts 1,000 1,000 1,000 1,000
Merchandise Inventory 50,000 50,000 50,000
Prepaid Rent 13,500 1,500 12,000 12,000 12,000
Office Supplies 2,000 1,250 750 750 750
Office Equipment 20,000 20,000 20,000 20,000
Accumulated Depreciation 250 250 250 250
Accounts Payable 5,000 5,000 5,000 5,000
Salaries Payable 3,000 3,000 3,000 3,000
MakaPassarlageko, Capital 100,000 100,000 100,000 184,460
MakaPassarlageko, Withdrawal 10,000 10,000 10,000
Sales 160,800 160,800 160,800
Sales Return and Allowances 540 540 540
Purchases 95,000 95,000 95,000
Purchase Discount 1,900 1,900 1,900
Transportation In 4,000 4,000 4,000
Transportation Out 3,500 3,500 3,500
Advertising Expense 200 200 200
Office Supplies Expense 1,250 1,250 1,250
Salaries Expense 6,000 3,000 9,000 9,000
Depreciation Expense 250 250 250
Utilities Expense 2,000 2,000 2,000
Bad Debts 1,000 1,000 1,000
Rent Expense 1,500 1,500 1,500
TOTAL 267,700 267,700 7,000 7,000 271,950 271,950 118,240 212,700 203,710 109,250 193,710 193,710
Profit 94,460 94,460
TOTAL 212,700 212,700 203,710 203,710