Professional Documents
Culture Documents
Example of Bookkeping
Example of Bookkeping
250,000 cash from his personal savings account. During the month of December, the following
transactions took place:
Dec.
DOUBLE-ENTRY BOOKKEEPING
Cash
Account
Receivable
Supplies
Videotapes
Accounts
Payable
250,000
250,000
67,000
67,000
250,000
250,000
-85,000
165,000
165,000
105,000
270,000
65,000
205,000
77,000
282,000
47,000
235,000
41,500
193,500
17,500
179,000
Capital
78,000
78,000
67,000
235,000
235,000
67,000
235,000
67,000
235,000
67,000
67,000
235,000
302,000
85,000
217,000
217,000
78,000
67,000
235,000
217,000
78,000
67,000
235,000
217,000
78,000
67,000
235,000
217,000
78,000
67,000
235,000
217,000
78,000
67,000
235,000
217,000
78,000
67,000
235,000
217,000
250,000
250,000
250,000
78,000
328,000
105,000
433,000
65,000
368,000
77,000
445,000
47,000
398,000
41,500
356,500
17,500
339,000
Name of Accounts
A. Cash
Sarabias Capital
B. Supplies
Accounts Payable
C. Video tapes
Accounts Payable
D. Payment
Cash
E. Account Receivable
Sarabias Capital
F. Cash
Sarabias Capital
G. Sarabias Capital
Salary Payable
H. Cash
Sarabias Capital
I. Withdrawal
Cash
J. Rent
Cash
K. Utilities
Cash
Debit (effect)
250,000 (increase in asset)
Credit (effect)
250,000(increase in capital)
67,000(increase in asset)
67,000(increase in liabilities)
235,000(increase in asset)
235,000(increase in liabilities)
85,000(decrease in liabilities)
85,000(decrease in asset)
78,000(increase in asset)
78,000(increase in capital)
105,000(increase in asset)
105,000(increase in capital)
65,000(decrease in capital)
65,000(decrease in asset)
77,000(increase in asset)
77,000(increase in capital)
47,000(increase in withdrawal)
47,000(decrease in asset)
41,500(increase in expenses)
41,500(decrease in asset)
17,500(increase in expenses)
17,500(decrease in asset)
JOURNAL
Date 2009
A. December 1
B.
C.
D.
E.
F.
G.
H.
I.
J.
K.
11
16
17
23
24
30
Cash
Sarabias Capital
To record investment
Debit
(effect)
250,000
Credit
(effect)
250,000
Supplies
Accounts Payable
To record an account
67,000
Video Tapes
Accounts Payable
To record an account
235,000
Payment
Cash
To record a payment
Account Receivable
Sarabias Capital
To record the account received
85,000
Cash
Sarabias Capital
To record the money
Sarabias Capital
Salary Payable
To record the salary of employee
105,000
Cash
Sarabias Capital
To record the collections
Withdrawal
Cash
To record the withdrawal
Rent
Cash
To record the expenses
77,000
Utilities
Cash
To record the expenses
17,500
67,000
235,000
85,000
78,000
78,000
105,000
65,000
65,000
77,000
47,000
47,000
41,500
41,500
17,500
LEDGER
Date 2009
Dec.
1
11
17
Particulars
CASH
Debit
Date 2009
250,000
Dec.
5
105,000
23
77,000
24
30
= 432,000
Particulars
Debit Balance
432,000
Credit
85,000
47,000
41,500
14,500
= 191,000
241,000
= 432,000
Date 2009
Dec. 1
Particulars
SUPPLIES
Debit
Date 2009
67,000
Date 2009
Dec. 4
Particulars
VIDEO TAPES
Debit
Date 2009
235,000
Particulars
Credit
Date 2009
Dec. 8
Particulars
ACCOUNT RECEIVABLE
Debit
Date 2009
78,000
Particulars
Credit
Date 2009
Dec. 23
Particulars
WITHDRAWAL
Debit
Date 2009
47,000
Particulars
Credit
Date 2009
Dec. 5
Particulars
Credit Balance
ACCOUNTS PAYABLE
Debit
Date 2009
85,000
Dec. 1
4
= 85,000
217,000
= 302,000
Particulars
Credit
Particulars
Credit
67,000
235,000
= 302,000
Date 2009
Particulars
Date 2009
Dec. 16
Particulars
Credit Balance
SALARY PAYABLE
Debit
Date 2009
Dec. 16
SARABIAS CAPITAL
Debit
Date 2009
65,000
Dec. 1
8
11
17
= 65,000
445,000
= 510,000
Particulars
Credit
65,000
Particulars
Credit
250,000
78,000
105,000
77,000
= 510,000
510,000
Date 2009
Dec. 24
Particulars
RENT EXPENSE
Debit
Date 2009
41,500
Particulars
Credit
Date 2009
Dec. 30
Particulars
UTILITIES EXPENSE
Debit
Date 2009
17,500
Particulars
Credit
TRIAL BALANCE
Name of Accounts
Cash
Supplies
Video tapes
Account Receivable
Accounts Payable
Withdrawal
Salary Payable
Sarabias Capital
Rent
Utilities
Total
Credit
217,000
47,000
65,000
445,000
41,500
17,500
727,000
727,000
INCOME STATEMENT
78,000
77,000
105,000
260,000
65,000
41,500
17,500
124,000
136,000