ET-1

Company Name
General Journal
April 31, 2017
Date Account Titles Debit Credit
2017
April 2 Cash 250 000
Loans Payable 250 000
4 Accounts Receivable 70 000
Sales Income 70 000
5 Merchandise Inventory 55 000
Cash 55 000
6 Cars 890 000
Cash 890 000
7 Sales Return 8 000
Accounts Receivable 8 000
10 Owner’s Drawings 9 000
Cash 9 000
Cost of Goods Sold-Inventory 11 000
Accounts Payable 11 000
15 Salary Expense 83 000
Cash 83 000
19 Accounts Payable 16 000
Cash 16 000
23 Cash 70 000
Accounts Receivable 70 000
25 Owner’s Drawings 3 000
Cash 3 000
30 Utility Expense 6 000
Cash 6 000
Salary Expense 83 000
Cash 83 000

Company Name
 General Journal
April 31, 2018

Cash
Date Explanation Ref. Debit Credit Balance
2017
Apr 2 ET-1 250 000 250 000
5 ET-1 55 000 195 000
6 ET-1 890 000 (695 000)
10 ET-1 9 000 (704 000)
15 ET-1 83 000 (787 000)
19 ET-1 16 000 (803 000)
23 ET-1 70 000 (733 000)
25 ET-1 3 000 (736 000)
30 ` ET-1 6 000 (742 000)
30 ` ET-1 83 000 (825 000)

Balance (825 000)

Accounts Receivable
Date Explanation Ref. Debit Credit Balance
2017
Apr 4 ET-1 70 000 70 000
7 ET-1 8 000 62 000
23 ET-1 70 000 (8 000)

Balance (8 000)
Cost of Goods Sold- Inventory
Date Explanation Ref. Debit Credit Balance
2017
Apr 10 ET-1 11 000 11 000

Balance 11 000
Cars
Date Explanation Ref. Debit Credit Balance
2017
Apr 6 ET-1 890 000 890 000

Balance 890 000

Merchandise Inventory
Date Explanation Ref. Debit Credit Balance
2017
Apr 4 ET-1 55 000 55 000

Balance 55 000
Sales Return
Date Explanation Ref. Debit Credit Balance
2017
Apr 7 ET-1 8 000 8 000

Balance 8000
 Loans Payable
Date Explanation Ref. Debit Credit Balance
2017
Apr 2 ET-1 250 000 (250 000)

Balance (250 000)

Accounts Payable
Date Explanation Ref. Debit Credit Balance
2017
Apr 10 ET-1 11 000 (11 000)
19 ET-1 16 000 5000

Balance 5 000
Owner’s Withdrawal
Date Explanation Ref. Debit Credit Balance
2017
Apr 10 ET-1 9 000 9 000
25 ET-1 3 000 12 000

Balance 12 000
Utility Expense
Date Explanation Ref. Debit Credit Balance
2017
Apr 6 ET-1 6 000 6 000

Balance 6 000
Salary Expense
Date Explanation Ref. Debit Credit Balance
2017
Apr 15 ET-1 83 000 83 000
30 ET-1 83 000 166 000

Balance 166 000

Sales Income
Date Explanation Ref. Debit Credit Balance
2017
Apr 4 ET-1 70 000 (70 000)

Balance (70 000)

Company Name
 Unadjusted Trial Balance
April 3, 2017

Account Title Debit Credit

Cash 825 000

Accounts Receivable 8 000
Cost of Goods Sold-Inventory 11 000
Merchandise Inventory 55 000
Cars 890 000
Accounts Payable 5 000
Loans Payable 250 000
Owner’s Drawings 12 000
Salary Expense 166 000
Utility Expense 6 000
Sales Income 70 000
Sales Return 8 000

Balance 1 153 000 1 153 000

Company Name
Adjusted Trial Balance
January 31, 2017

Account Title Debit Credit

Cash 825 000

Accounts Receivable 8 000
Cost of Goods Sold-Inventory 11 000
Merchandise Inventory 55 000
Cars 890 000
Accounts Payable 5 000
Loans Payable 250 000
Owner’s Drawings 12 000
Salary Expense 166 000
Utility Expense 6 000
Sales Income 70 000
Sales Return 8 000
Interest Expense 20 625
Interest Payable 20 625

Balance 1 173 625 1 173 625

 Company Name
Unadjusted Trial Balance
April 31, 2017

Account Title Debit Credit

Cash 825 000

Accounts Receivable 8 000
Cost of goods sold-Inventory 11 000
Cars 890 000
Merchandise Inventory 55 000
Sales Return 8 000
Loans Payable 250 000
Accounts Payable 5 000
Owner’s Withdrawal 12 000
Sales Income 7 000
Salary Expense 166 000
Utility Expense 6 000

Balance 1 153 000 1 153 000

 Company Name
Adjusted Trial Balance
April 31, 2017

Account Title Debit Credit

Cash 825 000

Accounts Receivable 8 000
Cost of goods sold-Inventory 11 000
Cars 890 000
Merchandise Inventory 55 000
Sales Return 8 000
Loans Payable 250 000
Accounts Payable 5 000
Owner’s Withdrawal 12 000
Sales Income 7 000
Salary Expense 166 000
Utility Expense 6 000
Interest Expense 20 625
Interest Payable 20 625

Balance 1 153 000 1 153 000