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486 viewsOctober 17, 2016

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Darshita 6.14K October 17, 2016 0 Comments

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score 0 · Answer 1 · 2016-10-17T10:51:59+00:00

1-Dec	Cash			290000
		Paid in Capital			290000

1-Dec	Equipment			211200
		Cash		133000
		Notes payable			78200

1-Dec	Cash			11100
		Advance rent			11100

4-Dec	Office supplies			1700
		Modern Office			1700

8-Dec	Cash			9000
		Unearned Fee rental			9000

12-Dec	Salary expenses			5000
		Cash			5000

15-Dec	Cash			12300
	Receivables			5800
		Revenue earned			18100

17-Dec	Repair expenses			600
		Earth Movers Inc			600

23-Dec	Cash			2900
		Receivables			2900

26-Dec	Salary expenses			5000
		Cash			5200

27-Dec	Earth Movers Inc			600
		Cash			600

28-Dec	Dividends			29000
		Dividends payable			29000

29-Dec	Pre paid Insurance			9360
		Cash			9360



Adjusting Entries

31-Dec	Advance rent			4100
		Rent			4100

31-Dec	Interest expenses				5100
		Interest payable		5100

31-Dec	Depreciation			2200
		Equipment			2200

31-Dec	Office supplies expenses		690
		Office supplies		690

31-Dec	Unearned Fee rental
		Fees earned			3700

31-Dec	Salary expenses			1900
		Salary payable			1900

		Cash
Date	Desc	Amount	Date	Desc	Amount
1-Dec	Paid in capital	290000	1-Dec	Equipment	133000
8-Dec	Uneraned fee rental	9000	1-Dec	Advance Rent	11100
15-Dec	Revenue earned	12300	12-Dec	Salary Expenses	5000
23-Dec	Receivables	2900	26-Dec	Salary Expenses	5000
			27-Dec	Earth Movers	600
			29-Dec	Pre paid insurance	9360
			31-Dec	Closing balance	150140
		314200			314200
					164060
		Paid in capital
Date	Desc	Amount	Date	Desc	Amount
			1-Dec	Cash	290000

		Equipment
Date	Desc	Amount	Date	Desc	Amount
1-Dec	Cash	133000	31-Dec	Depreciation	2200
1-Dec	Notes payable	78200	31-Dec	Closing balance	237500
		211200			239700


		Notes payable
Date	Desc	Amount	Date	Desc	Amount
			1-Dec	Equipment	78200

		Office Supplies
Date	Desc	Amount	Date	Desc	Amount
4-Dec	Modern Office	1000	31-Dec	Office supplies expenses	690



		Modern Office
Date	Desc	Amount	Date	Desc	Amount
			4-Dec	Office Supplies	1700


		Unearned fee rental
Date	Desc	Amount	Date	Desc	Amount
31-Dec	Revenue Earned	3700	8-Dec	Cash	9000
31-Dec	Closing balance	4300
		9000			9000

		Salary Expenses
Date	Desc	Amount	Date	Desc	Amount
12-Dec	Cash	5200	31-Dec	P/L account	11800
26-Dec	Cash	5200
31-Dec	Salary payable	1400
		11800			11800

		Receivables
Date	Desc	Amount	Date	Desc	Amount
15-Dec	Revenue earned	6000	23-Dec	Cash	2000
			31-Dec	Closing balance	4000
		6000			6000

		Revenue Earned
Date	Desc	Amount	Date	Desc	Amount
31-Dec	P/L account	21800	15-Dec	Cash	12300
			15-Dec	Receivables	5800
			31-Dec	Unearned fee rental	3700
		21700			21700
		Earth Movers Inc
Date	Desc	Amount	Date	Desc	Amount
27-Dec	Cash	600	17-Dec	Repair Expenses	600



		Repair Expenses
Date	Desc	Amount	Date	Desc	Amount
17-Dec	Earth Movers Inc	600


		Dividends
Date	Desc	Amount	Date	Desc	Amount
28-Dec	Dividends Payable	29000


		Dividends Payable
Date	Desc	Amount	Date	Desc	Amount
			28-Dec	Dividends	29000


		Pre paid Insurance
Date	Desc	Amount	Date	Desc	Amount
29-Dec	Cash	9360


		Rent
Date	Desc	Amount	Date	Desc	Amount
31-Dec	Advance rent	4100


		Advance Rent
Date	Desc	Amount	Date	Desc	Amount
			31-Dec	rent	4100


		Interest expenses
Date	Desc	Amount	Date	Desc	Amount
31-Dec	Interest payable	5100


		Interest payable
Date	Desc	Amount	Date	Desc	Amount
			31-Dec	Interest expenses	5100


		Depreciation
Date	Desc	Amount	Date	Desc	Amount
31-Dec	Equipment	2200


		Office supplies expenses
Date	Desc	Amount	Date	Desc	Amount
			31-Dec	Office supplies	690



		Salary Payable
Date	Desc	Amount	Date	Desc	Amount
			31-Dec	Salary	1900