Professional Documents
Culture Documents
Comprehensiveaccountinghw
Comprehensiveaccountinghw
Comprehensiveaccountinghw
GENERAL JOURNAL
Adjusted Entries
Date Account Names Debit Credit
A. Salaries Expense 700
Salaries Payable 700
B. Depreciation Expense 100
Accumulated Depreciation Expense 100
C. Insurance Expense 100
Prepaid Insurance 100
D. Supplies Expense 650
Office Supplies 650
E. Unearned Revenue 500
Service Revenue 500
F. Accounts Receivable 1,550
Service Revenue 1,550
GENERAL JOURNAL
Post-Closing Entries
Clos. 1 Service Revenue 21,950
Income Summary 21,950
Clos. 2 Income Summary 3,650
Salaries Expense 1,400
Depreciation Expense 100
Insurance Expense 100
Fuel Expense 200
Rent Expense 1,200
Supplies Expense 650
Clos. 3 Income Summary 18,300
Capital, Murphy 18,300
Clos. 4 Capital, Murphy 3,200
Withdrawls, Murphy 3,200
GENERAL LEDGER
Cash Acctd. Rec Office Supplies
1 16,000 600 1 15 2,900 2,900 25 4 800
12 2,100 800 4 28 900 Bal. 800 650 D
20 14,000 700 18 Bal. 900 Bal. 150
22 1,100 1,200 29 F 1,550
25 2,900 200 30 Bal. 2,450
3,200 31
Bal. 29,400
Supplies Expense
D 650
Bal. 650 650 C2
Bal. 0 0 Bal.
Murphy Delivery Service
Unadjusted Trial Balance
December 31st
Cash $ 29,400
Accounts Receivable 2,450
Office Supplies 150
Prepaid Insurance 500
Truck 17,000
Accum. Deprec. - Truck $ 100
Salaries Payable 700
Unearned Revenue 600
Capital, Murphy 48,100
Debit Credit
Capital, Murphy Dec. 1 0
Owner Contributions $ 33,000
Net Income 18,300
Withdrawls, Murphy (3,200)
Capital, Murphy Dec. 31 $ 48,100
Murphy Delivery Service
Balance Sheet
As of December 31, 2016
Assets Liabilities
Cash $ 29,400 Salaries Payable $ 700
Accounts Rec. 2,450 Unearned Revenue 600
Office Supplies 150
Prepaid Insurance 500 Total Liabilities 1,300
Truck 17,000
Accum. Deprec.-Truck (100) Owner's Equity
Capital, Murphy Dec. 31 48,100
Total Assets $ 49,400 Total Liabilities & OE $ 49,400