Account Titles and Explanation
1 Cash
Equipment
H. Paris, Capital
Investment by owner
P. R.
Debit
Credit
7,500
32,500
40,000
Prepaid Insurance
Cash
Purchase Insurance Policy for cash
5 Office Supplies
Cash
Purchase office supplies for cash
3,000
3,000
1,400
1,400
20 Cash
Fees Earned
Cash received for services
2,650
2,650
31 Utilities Expense
Cash
Utilities paid
875
875
TOTAL
47,925
47,925
Name:
Cash
101
H. Paris, Capital
Prepaid Insurance
3,000
108
Photography Fees Earned
Photography Equipment
32,500
167
7,500
2,650
3,000
1,400
875
4,875
40,000
otography Fees Earned
2,650
Name
Trial Balance
Trial Balance
Debit
Cash
Office Supplies
Prepaid Insurance
Photography Equipment
H. Paris, Capital
Photography Fees Earned
Utilities Expense
$
Totals
$
4,875
1,400
3,000
32,500
$
40,000
2,650
42,650 $
42,650
875
Schedule of Accounts Receivable
Analysis:
Credit
Name
General Journal
GENERAL JOURNAL
Date
a
Account Titles and Explanation
Cash
Office Equipment
Drafting Equipment
S. Shelton, Capital
Investment by owner
P. R.
Debit
105,000
6,000
45,000
b
Land
Cash
Notes Payable
Purchased land for cash & long term note
54,000
c
Building
Cash
Purchased building for cash
75,000
d
Prepaid Insurance
Cash
Purchased Ins. Policy for cash
6,000
e
Cash
Revenue
Cash rcvd from client
5,700
f
Drafting Equipment
Cash
Note Payable
Purchased Equipment for cash & long term note
22,500
g
Accounts Receivable
Engineering Fees Earned
Fees earned not received
12,000
h
Office Equipment
Accounts Payable
Office Equipment purchased on credit
i
Accounts Receivable
Engineering Fees Earned
Fees earned not received
2,250
18,000
Credit
156,000
5,400
48,600
75,000
6,000
5,700
10,500
12,000
12,000
2,250
18,000
Name
General Ledger
GENERAL LEDGER
Date
Date
Date
Date
Date
Date
Explanation
Investment by owner
Purchase land
Purchase building
Purchase Insurance
Cash from client
Purchase drafting equipment
Cash from client
Wages paid
Pay off office equipment
Repairs
S. Shelton withdrawl
Wages paid
Purchase ads
