T Account format

Debit Cash a/c (100) Credit

Date Explanation Amount Date Explanation Amount
a Paid in Capital 95000 b Land 60000
d Accounting Services 800 h Licence (110) 1800
i Account receivable 800 j Accounts Payable 400
l Unearned Revenue 5000 k Wage Expense 600
m Rent Expense 500
n Dividend Paid 700
6/30/2016 Blance c/f 37600
101600 101600
7/1/2016 Balance b\d 37600

Debit Paid in Capital (101) Credit

Date Explanation Amount Date Explanation Amount
6/30/2016 Balance c\f 95,000 a Cash 95,000

95,000 95,000
7/1/2016 Balance b\d 95000

Debit Land (102) Credit

Date Explanation Amount Date Explanation Amount
b Cash 60000
6/30/2016 Balance c\f 60000
60000 60000
7/1/2016 Balance b\d 60000

Debit Office Supplies (103) Credit

Date Explanation Amount Date Explanation Amount
c Account Payable 600
6/30/2016 Balance c\f 600
600 600
9/1/2015 Balance b\d 600

Debit Accounts Payable(104) Credit

Date Explanation Amount Date Explanation Amount
j Cash 400 c Office Supplies 600
6/30/2016 Balance c\f 200
600 600
7/1/2016 Balance b\d 200
Debit Accounting Serivices Revenue (105) Credit
Date Explanation Amount Date Explanation Amount
d Cash 800
6/30/2016 P&l A/c 800
800 800

Debit Consulting Serivices Revenue (106) Credit

Date Explanation Amount Date Explanation Amount
e Accounts Receivable 2000
6/30/2016 P&L 2000
2000 2000

Debit Account Receivables (107) Credit

Date Explanation Amount Date Explanation Amount
e Consulting Serivices 2000 i Cash 800
6/30/2016 Balance c\f 1200
2000 2000
7/1/2016 Balance b\d 1200

Debit Office Equipment (108) Credit

Date Explanation Amount Date Explanation Amount
g Notes Payable 6000
6/30/2016 Balance c\f 6000
6000 6000
7/1/2016 Balance b\d 6000

Debit Notes Payable(109) Credit

Date Explanation Amount Date Explanation Amount
g Office Equipment 6000
8/31/2015 Balance c\d 6000
6000 6000
7/1/2016 Balance b\d 6000

Debit Licence (110) Credit

Date Explanation Amount Date Explanation Amount
h Cash 1800
6/30/2016 Balance c\f 1800
1800 1800
7/1/2016 Balance b\d 1800
Debit Wage Expense (111) Credit
Date Explanation Amount Date Explanation Amount
k Cash 600
6/30/2016 P&L 600
600 600

Debit Unearned Revenue (112) Credit

Date Explanation Amount Date Explanation Amount
l Cash 5000
6/30/2016 Balance c\f 5000
5000 5000
7/1/2016 Balance b\d 5000

Debit Rent Expense (113) Credit

Date Explanation Amount Date Explanation Amount
m Cash 500
6/30/2016 P&L 500
500 500
7/1/2016 Balance b\d 500

Debit Dividend (114) Credit

Date Explanation Amount Date Explanation Amount
n Cash 700
6/30/2016 Retained Earnings 700
700 700
 Statement Format
Cash a/c Cap
Date Explanation Debit Credit Balance Date
8/1/2015 Capital 50000 50000 8/1/2015
8/3/2015 Office Supplies 2000 48000
8/5/2015 Rent Expemse 3500 44500
8/7/2015 Revenue from Service 12000 56500
8/13/2015 Non Trade Payable 8000 48500
8/24/2015 Office Supplies (104) 1000 47500
8/27/2015 Unearned Revenue 6700 54200
8/29/2015 Salary Expense 4000 50200
8/31/2015 Dividends 5000 45200

Trail Balance
No Accounts Debit Credit
100 Cash 37600 BS A c
101 Capital a/c 95000 BS C
102 Land 60000 BS A
103 Office Supplies 600 BS A c
104 Accounts Payable 200 BS L
105 Revenue from Accounting Service 800 P&L R
106 Revenue from Consulting Service 2000 P&L R
107 Account Receivable 1200 BS A c
108 Office Equipment (108) 6000 BS A
109 Notes Payable 6000 BS L
110 Licence 1800 BS A c
111 Wage Expense 600 P&L E
112 Unearned Revenue 5000 BS L
113 Rent Expense 500 P&L E
114 Dividends 700 RETAINED
109,000 109,000

INCOME STATEMENT
REVENUE
Revenue from Services 2800

EXPENSES
Wage Expense 600
Rent Expense 500
1100
Net Income 1700
Statement of Retained Earnings
Balance of RE(Last year) 0
ADD Net Income 1700
LESS Dividends 700
Balance 1000

Statement of Finacial Position

EQUITY
Capital a/c 95000
Retained Earnings Balance 1000
Total Equity 96000
LIABILITIES
Non-current liabilities
Notes Payable 6000
Current Liabilities
Accounts Payable 200
Unearned Revenue 5000

Total of Current Liabilities 5200

107200
ASSETS
Fixed Assets
Land 60000 0
Office Equipment (108) 6000
Total of Fixed Assets 66000
Current Assets
Cash 37600
Office Supplies 600
Account Receivable 1200
Licence 1800
Total of Current Assets 41200
107200
 Capital a/c (101)
ExplanationDebit Credit Balance
Cash 5000 5000

8/5/2015 Rent Expemse 3500

8/7/2015 Revenue from Service 12000
8/13/2015 Non Trade Payable 8000
8/17/2015 Prepaid Insurance 750
8/22/2015 Telephone Expense (112) 800
8/24/2015 Office Supplies (104) 1000
8/27/2015 Unearned Revenue 6700
8/29/2015 Salary Expense 4000
8/31/2015 Dividends 5000
Debit Profit and loss a/c Credit
Date Expenses Amount Date Revenue Amount
Salary a/c 250 Revenue A/c 6800
Rent expense 750

Net Profit 5800

0 6800

Assets Libilities
Cash 5000 Capital 10000
Rent Deposit 5000 Retrained Earnings 4800
Office Equipment 2500
Trade Receivable 3300 Non Trade Payable 1000

15800 15800

Asset Chart Title

6000 6000
5000 5000
4000 4000
3000 3000
2000 2000
1000 1000
0 0
1 2 3 4 5 1 2 3 4 5
Col umn C Col umn G Col umn H

1 5000 1 5000
2 4000 2 5000
3 3000 3 5000
4 2000 4 5000
5 1000 5 5000
art Title

3 4 5
nG Col umn H

1000
2000
3000
4000
5000