Professional Documents
Culture Documents
Tutoring Services
Tutoring Services
25,000
25,000
525
525
73
73
13,924
13,924
950
950
8,494
8,494
36
36
850
850
275
275
2,375
2,375
695
695
36
36
General Journal
DATE DESCRIPTION POST REF
1 2006
2 Dec 14 Accts Pay - Educational Software
3 Cash in Bank
4 Check 105
5 15 Maintenance Expense
6 Cash in Bank
7 Check 106
8 18 Jennifer Rachel, Withdrawals
9 Cash in Bank
10 Check 107
11 20 Utilities Expense
12 Cash in Bank
13 Check 108
14 24 Miscellaneous Expense
15 Cash in Bank
16 Check 109
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
Page: 2
DEBIT CREDIT
200
200
750
750
500
500
183
183
45
45
General Journal
DATE DESCRIPTION POST REF
1 2006
2 Dec 1 Cash in Bank 101
3 Jennifer Rachel, Capital 301
4 Memo 1
5 2 Office Equipment 150
6 Cash in Bank 101
7 Check 101
8 2 Office Supplies 140
9 Cash in Bank 101
10 Check 102
11 5 Instructional Equipment 155
12 Cash in Bank 101
13 Check 103
14 5 Cash in Bank 101
15 Private Lessons Fee 405
16 Receipt 1
17 6 Instructional Equipment 155
18 Accts Payable - Educational Software 210
19 Invoice 395
20 8 Accounts Rec - Carla DiSario 110
21 Group Lessons Fee 401
22 Invoice 101
23 9 Rent Expense 515
24 Cash in Bank 101
25 Check 104
26 10 Accts Rec - George McGarty 120
27 Group Lessons Fee 401
28 Invoice 102
29 10 Office Equipment 150
30 Accts Payable - T&N School Equipment 215
31 Invoice 5495
32 11 Cash in Bank 101
33 Private Lessons Fee 405
34 Receipt 2
35 13 Cash in Bank 101
36 Acts Rec - Carla DiSario 110
37 Receipt 3
38
39
Page: 1
DEBIT CREDIT
25,000
25,000
525
525
73
73
13,924
13,924
950
950
8,494
8,494
36
36
850
850
275
275
2,375
2,375
695
695
36
36
General Journal
DATE DESCRIPTION POST REF
1 2006
2 Dec 14 Accts Pay - Educational Software 210
3 Cash in Bank 101
4 Check 105
5 15 Maintenance Expense 505
6 Cash in Bank 101
7 Check 106
8 18 Jennifer Rachel, Withdrawals 305
9 Cash in Bank 101
10 Check 107
11 20 Utilities Expense 525
12 Cash in Bank 101
13 Check 108
14 24 Miscellaneous Expense 510
15 Cash in Bank 101
16 Check 109
17 31 Miscellaneous Expense 510
18 Cash in Bank 101
19 Dec Bank Statement
20 Closing Entries
21 31 Group Lessons Fees 401
22 Privat Lessons Fees 405
23 Income Summary 310
24 31 Income Summary 310
25 Maintenance Expense 505
26 Miscellaneous Expense 510
27 Rent Expense 515
28 Utiliites Expense 525
29 31 Income Summary 310
30 Jennifer Rachel, Capital 301
31 31 Jennifer Rachel, Capital 301
32 Jennifer Rachel, Withdrawals 305
33
34
35
36
37
38
39
Page: 2
DEBIT CREDIT
200
200
750
750
500
500
183
183
45
45
15
15
311
1,645
1,956
1,843
750
60
850
183
113
113
500
500
ACCOUNT Cash in Bank ACCOUNT NO. 101
POST BALANCE
DATE DESCRIPTION REF DEBIT CREDIT DEBIT CREDIT
2006
Dec 1 G1 25,000 25,000
2 G1 525 24,475
2 G1 73 24,402
5 G1 13,924 10,478
5 G1 950 11,428
9 G1 850 10,578
11 G1 695 11,273
13 G1 36 11,309
14 G2 200 11,109
15 G2 750 10,359
18 G2 500 9,859
20 G2 183 9,676
24 G2 45 9,631
31 G2 15 9,616
ACCOUNT Accounts Receivable - Carla DiSario ACCOUNT NO. 110
POST BALANCE
DATE DESCRIPTION REF DEBIT CREDIT DEBIT CREDIT
2006
DEC 8 G1 36 36
13 G1 36 ------
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Fast Track Tutoring Service
Income Statement
For the Month Ended December 31, 2006
Revenue:
Group Lessons Fee 311
Private Lessons Fees 1,645
Total Revenue 1,956
Expenses:
Maintenance Expense 750
Miscellaneous Exopense 60
Rent Expense 850
Utilities Expense 183
Total Expenses 1,843
Net Income 113
Fast Track Tutoring Service
Staement of Changes in Owner's Equity
For the Month Ended December 31, 2006
Assets
Cash in Bank 9,616
Accounts Receivable - George McGarty 275
Office Supplies 73
Office Equipment 2,900
Instructional Equipment 22,418
Total Assets 35,282
Liabilities
Accounts Payable - Educational Software 8,294
Accounts Payable - T&N School Equipment 2,375
Total Liabilities 10,669
Owner's Equity
Jennifer Rachel, Capital 24,613
Total Liabilities & Owner's Equity 35,282
Fast Track Tutoring Service
Post Closing Trial Balance
December 31, 2006