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  • Maria Rojas General Journal Date: Account Titles and Explanation Ref: Debits Credits 2003

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    babe447
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    1) The document contains the general journal, general ledger, and trial balance for Maria Rojas for April 2003. 2) The general journal entries record transactions such as the owner's initial investment, payment of rent and supplies, work completed to earn revenue, wages paid, and payment on accounts payable. 3) The general ledger lists account balances and transactions that affect each account, such as the owner's investment increasing the cash account balance. 4) The trial balance at the end of April shows the debit and credit balances of each account, with total debits equaling total credits.

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    Copy of 2-3a

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    1) The document contains the general journal, general ledger, and trial balance for Maria Rojas for April 2003. 2) The general journal entries record transactions such as the owner's initial investment, payment of rent and supplies, work completed to earn revenue, wages paid, and payment on accounts payable. 3) The general ledger lists account balances and transactions that affect each account, such as the owner's investment increasing the cash account balance. 4) The trial balance at the end of April shows the debit and credit balances of each account, with total debits equaling total credits.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    28 views3 pages

    Maria Rojas General Journal Date: Account Titles and Explanation Ref: Debits Credits 2003

    Uploaded by

    babe447
    1) The document contains the general journal, general ledger, and trial balance for Maria Rojas for April 2003. 2) The general journal entries record transactions such as the owner's initial investment, payment of rent and supplies, work completed to earn revenue, wages paid, and payment on accounts payable. 3) The general ledger lists account balances and transactions that affect each account, such as the owner's investment increasing the cash account balance. 4) The trial balance at the end of April shows the debit and credit balances of each account, with total debits equaling total credits.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    of 3

    a) MARIA ROJAS GENERAL JOURNAL J1 Date: Account Titles and Explanation 2003 Apr-01 Cash Owner's Equity Owner

    invests in company Apr-02 Rent Expense Cash Paid monthly rent Apr-03 Supplies Accounts Payable Bought supplies on account Apr-10 Accounts Receviable Service Revenue Completed blueprints for carport 11-Apr Cash Unearned Revenue Recevied advance for R. Welk design Apr-20 Cash Service Revenue Completed job for P. Donahue Apr-30 Salaries Expense Cash Paid secretary salary Apr-30 Accounts Payable Cash Paid instalment owing Halo Company REF: Debits 101 15,000.00 301 Credits

    15,000.00

    729 101

    800.00 800.00

    126 201

    1,500.00 1,500.00

    112 400

    900.00 900.00

    101 209

    500.00 500.00

    101 400

    1,500.00 1,500.00

    726 101

    1,200.00 1,200.00

    201 101

    600.00 600.00

    b) GENERAL LEDGER MARIA ROJAS Date: April 1, 2001 April 2, April 11, April 20, April 30, 2013 April 30, 2013 Explanation: initail investment paid monthly rent cash advance for job completed job for Paid employee salary Paid back money CASH REF: J1 J1 J1 J1 J1 J1 Debits $ 15,000.00 $ $ 500.00 1,500.00 $ $ 1,200.00 600.00 Credits $ 800.00 NO.101 Balance $ 15,000.00 $ 14,200.00 $ 14,700.00 $ 16,200.00 $ 15,000.00 $ 14,400.00 NO.112 Balance $ 900.00

    Date: Explanation: April 10, 2003 finished job

    Accounts Receivable REF: Debits J1 $ 900.00

    Credits

    Date: Explanation: April 3, 2003 Bought supplies

    Supplies REF: Debits J1 $ 1,500.00

    Credits

    NO.126 Balance $ 1,500.00

    Date: Explanation: April 3, 2003 bought supplies on account April 30, 2003 paid one payment Date: Explanation: April 1, 2003 invested money into business

    Accounts payable REF: Debits J1 J1 $ 600.00 Maria Rojas, Capital REF: Debits J1

    Credits $ 1,500.00

    Credits $ 15,000.00

    NO.201 Balance $ 1,500.00 $ 900.00 NO.301 Balance $ 15,000.00

    Date: Explanation: April 10, 2003 Completed job April 20, 2003 Completed job

    Service revenue REF: Debits J1 J1 Salaries expense REF: Debits J1 $ 1,200.00

    Credits $ 900.00 $ 1,500.00

    NO.400 Balance $ 900.00 $ 2,400.00 NO.726 Balance $ 1,200.00

    Date: Explanation: April 30, 2003 Paid employee

    Credits

    Date: Explanation: April 2, 2003 Paid Rent

    Rent expense REF: Debits J1 $

    Credits 800.00

    NO.729 Balance $ 800.00

    c)

    MARIA ROJAS TRIAL BALANCE APRIL 30, 2003 Debit 14,400.00 900.00 1,500.00 Credit

    Cash Accounts receivable Supplies Accounts payable Unearned revenue Maria Rojas, Capital Service revenue Salaries expense Rent expense

    900.00 500.00 15,000.00 2,400.00 1,200.00 800.00 18,800.00

    18,800.00

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