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  • 2011 Aje

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    doreenfowler8
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    This document contains adjusting journal entries for Poolesville Athletic Club for the year ending December 31, 2011. It lists debit and credit amounts for various asset, expense and accumulated accounts. It also notes that two new expense accounts need to be set up for the items highlighted in yellow, which are loans from members and theft loss.

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    2011 AJE (1)

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    This document contains adjusting journal entries for Poolesville Athletic Club for the year ending December 31, 2011. It lists debit and credit amounts for various asset, expense and accumulated accounts. It also notes that two new expense accounts need to be set up for the items highlighted in yellow, which are loans from members and theft loss.

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    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    4 views1 page

    2011 Aje

    Uploaded by

    doreenfowler8
    This document contains adjusting journal entries for Poolesville Athletic Club for the year ending December 31, 2011. It lists debit and credit amounts for various asset, expense and accumulated accounts. It also notes that two new expense accounts need to be set up for the items highlighted in yellow, which are loans from members and theft loss.

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    of 1

    2:42 PM 05/28/13 Accrual Basis Date 12/31/2011 Num BDO Memo Year-end accountants' AJE Year-end accountants' AJE

    Year-end accountants' AJE Year-end accountants' AJE Year-end accountants' AJE Year-end accountants' AJE Year-end accountants' AJE Year-end accountants' AJE Year-end accountants' AJE

    Poolesville Athletic Club

    Adjusting Journal Entries


    December 31, 2011
    Account 14000 Computers/Software 16000 Lease hold improvenments office expenses 32050 Loans from Member 683000 Theft Loss 62400 Depreciation Expense 60200 Amortizaion expense 17000 Accumulated Depreciation 190000 Accumulated Amortization Debit Credit 1,050.25 229.99 1,280.24 4,000.00 4,000.00 51,043.00 7,154.00 51,043.00 7,154.00 63,477.24 63,477.24 63,477.24

    TOTAL

    63,477.24

    Doreen I'm pretty sure that you'll have to set up new accounts for the 2 highlighted in yellow above. Both should be coded as Expenses.

    Page 1

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