ACTIVITY 1 Example
ACTIVITY 1 Example
ACTIVITY 1 Example
Supplies
2019 description PR debit credit
0 0 1 FEB 11 Purchase of Supplies P 2 5 0 0 0
0 0 2 28 Expenses on Supplies
3
4
5
0 0
PROPERTIES
2019 description PR debit credit
1 FEB 2 Initial Capital 5 0 0 0 0 0 0
0 0 2
3
4
0 0 EQUIPMENTS
2019 description PR debit credit
1- - -- - -- - - - - - - - - -- -
2
0 0 3
4
ACCOUNTS PAYABLE
0 0 2019 description PR debit credit
1 FEB 11 Purchase of Supplies P
00 2 Payment of supplies on credit P 1 5 0 0 0
3 Utility Payable
4
UNEARNED REVENUE
2019 description PR debit credit
1 FEB 10 Unearned rental income/revenue P
2
3
4
ZCNC CAPITAL
2019 description PR debit credit
1 FEB 2 INITIAL CAPITAL P 5
2
3
4
ZCNC WITHDRAWALS
2019 description PR debit credit
1 FEB 28 CASH WITHDRAWALS P 5 0 0 0 0
2
3
4
RENT REVENUE
2019 description PR debit credit
1 FEB 28 RENT REVENUE OR INCOME P
2
3
4
RENT EXPENSE
2019 description PR debit credit
1- - -- - P 0 0 0 0 0
2
3
4
SUPPLIES EXPENSE
2019 description PR debit credit
1 FEB 28 USAGE OF SUPPLIES FOR THE MO. FEB P 2 2 0 0 0
2
3
4
UTILITIES EXPENSE
2019 description PR debit credit
1 FEB 27 TELEPHONE, WATER, ELECTRIC P 2 8 0 0 0
2
3
4
REPAIR EXPENSE
2019 description PR debit credit
1 FEB 8 MINOR REPAIR EXPENSE P 5 0 0 0 0
2
3
4
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
101
credit balance
P 2 0 0 0 0 0
5 0 0 0 0 1 5 0 0 0 0
2 3 0 0 0 0
1 0 0 0 0 2 2 0 0 0 0
1 5 0 0 0 2 0 5 0 0 0
5 0 5 0 0 0
5 0 0 0 0 4 5 5 0 0 0
103
credit balance
P 2 5 0 0 0
2 2 0 0 0 3 0 0 0
104
credit balance
P 5 0 0 0 0 0 0
105
credit balance
- - - - - - - -- - - - - - - - -
201
credit balance
1 5 0 0 0 P 1 5 0 0 0
0
2 8 0 0 0 2 8 0 0 0
202
credit balance
8 0 0 0 0 P 0 0 8 0 0 0 0
301
credit balance
2 0 0 0 0 0 P 5 2 0 0 0 0 0
302
credit balance
P 0 0 5 0 0 0 0
401
credit balance
3 0 0 0 0 0 P 0 3 0 0 0 0 0
501
credit balance
P 0 0 0 0 0 0 0
502
credit balance
P 0 0 2 2 0 0 0
503
credit balance
P 0 0 2 8 0 0 0
504
credit balance
P 0 0 5 0 0 0 0
UP
Chart of Accounts
Assets
Cash 101
wrong Accounts Receivable 102
earned revenue Supplies 103
Properties 104
pwede Furnitures and Fixtures 105
income Equipment 106
revenue Liabilities
Accounts Payable 201
Unearned Revenue 202
Loans Payable 203
Equity
A, Capital 301
B, Capital 302
C, Capital 303
Service Revenue 401
Interest Revenue 402
Telephone Expense 501
Rent Expense 502
Utility Expense 503
Salaries expense 504
Miscellaneous Expense 505
Supplies Expense 506
Repair Expense 507
Assets
Cash 22,200
Accounts Receivable 12000
Supplies 18000
prepaid rent 8000
prepaid Insurance 14400
Service Vehicle 420000
Office Equipment 60000
Liabilities
Accounts Payable
Notes Payable
Utility Payable
Equity
Gevera Capital
gevera Withdrawals 14000
Unearned Revenues
Consulting Revenues
Salaries expense 13800
Utilities Expense 4400
586800
unts
debit
debit
debit
debit
debit
debit
credit
credit
credit
credit
credit
credit
credit
credit
debit
debit
debit
debit
debit
debit
debit
210000
53000
1400
250000
10000
62400
586800
REQUIREMENTS
CHART OF ACCOUNTS
JOURNAL ENTRY
GENERAL LEDGER
UNADJUSTED TRIAL BALA
MAY 5., UP Bought
MAY 15., 5,700
CCOUNTS
D TRIAL BALANCE
on contribution of partner to partnership capitalization
2019 description PR debit credit
1 MAY 1 CASH 101 P 1 5 0 0 0 0 0
2 ACCOUNTS RECEIVABLE 102 5 0 0 0 0 0
3 PONPON, CAPITAL 301 P 1 0 0 0 0 0 0
4 RIM, CAPITAL 302 1 0 0 0 0 0 0
5 To record initial capital
6 2020
7 MAY 1 CASH 101 P 5 3 0 0 0 0
8 ACCOUNTS RECEIVABLE 201 P 5 0 0 0 0 0
9 INTEREST INCOME 402 3 0 0 0 0