july general journal

31-Jul accounts recievable

earned fees
incurred accounts recievble on unearned fees
july depriciation expense
accumulated depriciation
debit credit

6700
6700

3000
3000
problem 4-6A

cash accounts recievable

dr cr dr
20000 6000 (rent) 4500
rec adv payment) 2700 2400 (insurance expense) 5100
3000 200 adv exp) 5150
6500 750 3100
6900 1100 1000
2500 750 total 5850
1100
150
400
41600 5000
total 25950

property and casaulty insurance

dr cr
cash) 2400

earned services
dr cr salary expense
5100 dr
5150 1100
1000 1100

electrcity expense
telephone bill expense dr cr
dr cr 400
150
 accounts recievable supplies office equipment
cr dr cr dr cr
3000 (cash rec on account) 2000 11500
6900 750 (on account) 3500

9900

unearned fees accounts payable

dr cr dr cr
2700 ( 750 3500

salary expense fees earned

cr dr cr
5100
6500
5150
3100
2500
ctrcity expense drawings 1000
dr cr
5000
 prepaid rent
dr cr
3000

advertisemnet expense
dr cr
200
 GENERAL JOURNAL
DATE ACCOUNT TITLE
1-Jun cash
accounts recievable
supplies
office equipment
Emily's capital
1-Jun prepaid rent
cash
2-Jun prepaid insurance
cash
4-Jun cash
unearned fees
5-Jun office equipment
accounts payable
6-Jun cash
accounts recievable
10-Jun Miscellaneous expense
cash
12-Jun accounts payable
cash
12-Jun accounts recievable
fees earned
14-Jun salary expense
cash
17-Jun cash
fees earned
18-Jun supplies
cash
20-Jun accounts recievable
fees earned
24-Jun cash
fees earned
26-Jun cash
accounts recievable
27-Jun salary expense
cash
28-Jun Miscellaneous expense
cash
30-Jun Miscellaneous expense
cash
30-Jun cash
 fees earned
30-Jun accounts recievable
fees earned
30-Jun emily's drawing
cash
RNAL
DEBIT CREDIT
20000
4500
2000
11500
38000
6000
6000
2400 2400

2700
2700
3500
3500
3000
3000
200
200
750
750
5100
5100
1100
1100
6500
6500
750
750
3100
3100
5150
5150
6900
6900
1100
1100
150
150
400
400
2500
 2500
1000
1000
5000
5000
 LEDGER

cash accounts recievable

Dr Cr Dr Cr
20000 6000 4500 3000
2700 2400 5100 6900
3000 200 3100
6500 750 1000
5150 1100 13700 9900
6900 750 net result 3800
2500 1100
150
400
5000
46750 17850
net result 28900

prepaid rent prepaid insurance office equipment

Dr Cr Dr Cr Dr
6000 2400 11500
net result 6000 net result 2400 3500
net result 15000

unearned fees Capital Drawings

Dr Cr Dr Cr Dr
2700 38000 5000
net result 2700 net result 38000 net result 5000

salary expense Miscelleneous expenses

Dr Cr Dr Cr
1100 200
1100 150
net result 2200 400
net result 750
 supplies
Dr Cr
2000
750
2750
net result 2750

office equipment Accounts payable

Cr Dr Cr
750 3500
net result 2750

Drawings fees earned

Cr dr Cr
5100
6500
3100
5150
2500
1000
23350
net result 23350
 EMILY'S CONSULTING
END-OF-PERIOD SPREADSHEET(WO
FOR THE MONTH ENDED JUNE 3

UNADJUSTED TRIAL BALANCE ADJUSTMENTS

ACCOUNTS DEBIT CREDIT DEBIT CREDIT
cash 28900
Accounts recievable 3800
supplies 2750 (b)2100
prepaid rent 6000 (e)2000
prepaid insurance 2400 (a)200
office equipment 15000
accumulated depriciation (c)250
accounts payable 2750
salary payable (d)220
unearned fees 2700 (f)825
capital 38000
drawings 5000
fees earned 23350 (f)825
salary expense 2200 (d)220
rent expense (e)2000
supplies expense (b)2100
depriciation expense (c)250
insurance expense (a)200
miscellaneous expense 750
66800 66800 0 0
 EMILY'S CONSULTING
OF-PERIOD SPREADSHEET(WORKSHEET)
R THE MONTH ENDED JUNE 30,2010

ADJUSTED TRIAL BALANCE INCOME STATEMENT BALANCESHEET

DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
28900 28900
3800 3800
650 650
4000 4000
2200 2200
15000 15000
250 250
2750 2750
220 220
1875 1875
38000 38000
5000 5000
24175 24175
2420 2420
2000 2000
2100 2100
250 250
200 200
750 750
67270 67270 7720 24175 59550 43095
16455 16455
24175 25225 59550 59550
s

EMILY'S CONSULTING
STATEMENT OF OWNER'S EQUITY

net income
less: Emily's drawings
Emily's equity
 EMILY'S CONSULTING
EMENT OF OWNER'S EQUITY

16455
5000
11455
 DOLPHIN BAKERS
BREAD INVENTORY CARD
FOR THE MONTH OF DEC 2013
DATE PURCHASED ISSUED/SOLD BALANCE
UNITS U.COST T.BAL UNITS U.COST T.BAL UNITS U.COST
31-Dec 4000 30
11-Jan 5000 35 175000 4000 30
5000 35
9000
8 3000 36 108000 4000 30
5000 35
3000 36
11 6000 30 120000 12000
35 70000 3000 35
190000 3000 36
6000
14 8000 33 264000 3000 35
3000 36
8000 33
14000
19 2500 36 90000 3000 35
3000 36
8000 33
2500 36
16500
22 9000(3000 35 105000 0
3000 36 108000 0
3000 33 99000 5000 33
312000 2500 36
7500
24 2000(2000 33 66000 3000 33
2500 36
66000 5500

27 7000 38 266000 3000 33

2500 36
7000 38
12500
28 5000(3000 33 99000 0
2000 36 72000 500 36
171000 7000 38
7500
29 4500 38 171000 500 36
7000 38
4500 38
12000
30 10000(500 36 18000 0
7000 38 266000 0
2500 38 95000 2000 38
379000 2000

1074000
120000 1118000
1194000 76000 1118000
1134000
BALANCE
T.BAL
120000
120000
175000
295000
120000
175000
108000
403000
105000
108000
213000
105000
108000
264000
477000
105000
108000
264000
90000
567000

165000
90000
225000
99000
90000
189000
6000 39 234000
99000 9000 38 342000
90000 2000 41 82000
266000 5000 43 215000
10000 45 450000

18000 1323000
266000
 18000
266000
171000 GROSS PROFIT 205000 189000
455000

76000
76000

(A) ending inventory

total units purchased 1074000

add:beginning purchases 120000
total purchases/total inventory 1194000
less:cost of units sold 1118000
ending inventory 76000

(B) finding Gross Profit

units issued cost/unit t.cost
6000 39 234000
9000 38 342000
2000 41 82000
5000 43 215000
10000 45 450000
total cost 1323000
less:cost of units sold 1118000
Gross Profit 205000
 DOLPHIN BAKERS
BREAD INVENTORY CARD
FOR THE MONTH OF DEC 2013
DATE PURCHASED ISSUED/SOLD BALANCE
UNITS U.COST T.BAL UNITS U.COST T.BAL UNITS U.COST

1 4000 30

5 5000 35 175000 4000 30

5000 35
9000

8 3000 36 108000 4000 30

5000 35
3000 36
12000

11 6000(3000 36 108000 4000 30

3000 35 105000 2000 35
213000 6000

14 8000 33 264000 4000 30

2000 35
8000 33
14000

19 2500 36 90000 4000 30

2000 35
8000 33
2500 36
16500

22 9000(2500 36 90000 4000 30

6500 33 214500 2000 35
304500 1500 33
7500

24 2000(1500 33 49500 4000 30

500 35 17500 1500 35
67000 5500

27 7000 38 266000 4000 30

1500 35
 7000 38
12500

28 5000(5000 38 190000 4000 30

190000 1500 35
2000 38
7500

29 4500 38 171000 4000 30

1500 35
2000 38
4500 38
12000

30 10000(4500) 38 171000 2000 30

2000 38 76000 2000
1500 35 52500
2000 30 60000
359500

1074000
120000
1194000 1134000
BALANCE (A) ending inventory
T.BAL
total units purchased 1074000
120000 add:beginning purchases 120000
total purchases/inventory 1194000
120000 less:cost of units sold 1134000
175000 ending inventory 60000
295000

120000
175000 (B) gross profit
108000
403000 units issued cost/unit t.cost
6000 39 234000
120000 9000 38 342000
70000 2000 41 82000
190000 5000 43 215000
10000 45 450000
120000 total cost 1323000
70000 less:cost of units sold 1134000
264000 gross profit 189000
454000

120000
70000
264000
90000
544000

120000
70000
49500
239500

120000
52500
172500

120000
52500
266000
438500

120000
52500
76000
248500

120000
52500
76000
171000
248500

60000
60000
 purchased issued
units unit cost total units unit cost total
1-Dec-13
]
5000 35 175000

\ 3000 36 108000
\]]

12-Dec-13 6000 33.58333 201500

14-Dec-13 8000 33 264000

19-Dec-13 2500 36 90000

22-Dec-13 9000 33.66667 303000

24-Dec-13 2000 33.66667 67333.34

27-Dec-13 7000 38 266000

] 5000 36.09333 180466.7

29-Dec-13 4500 38 171000

30-Dec-13 10000 36.80833 368083.3

1074000 1120383
120000
1194000 1194000
total sold price
total cost price
gross profit
 balance
units unit cost total
4000 30 120000

4000 30 120000
5000 35 175000
195000
9000 295000

9000 32.77778 295000

3000 36 108000
403000
12000 33.58333 403000

6000 33.8333 201500

6000 33.58333 201500

8000 33 264000
14000 465500

14000 33.25 465500

14000 33.25 465500

2500 36 90000
16500 555500

16500 33.66667 555500

7500 33.66667 252500

5500 33.66667 185166.7

5500 33.66667 185166.7

7000 38 266000
451166.7

12500 36.09333 451166.7

7500 36.0933 270700

 7500 36.09333 270700
4500 38 171000
441700
12000 36.80833 441700

2000 73616.7
2000 36.80835 73616.7

1323000
1120383
202617
 unadjusted adjusting
dr cr dr cr
ac rec 15000
adv ex 600
auto exp 3560
acc pay 720
auto mob 16000
acc dep of 1140 720
acc deo aut 4000 3200
bo d 9000
cash 25000
off sup 600 400
off eq 6000
pre paid in 1920 960
prepaid rent 7200 400
capital 80460
drawings 47000
sales com rev 60000
man ser rev 4800 780
mis exp 400
salaries exp 39960 6660
unearned fees 3120 780
ins exp 960
rentexp 400
dep expoff 720
dep exp aut 3200
salaries pay 6660
supp exp 400
earned fees 780
163240 163240 13120 13900
 adjusted income statement balanesheet
dr cr dr cr dr
15000 15000
600 600
3560 3560
720
16000 16000
1860
7200
9000
25000 25000
200 200
6000 6000
960 960
6800 6800
80460
47000 47000
60000 60000
5580 5580
400 400
46620 46620
2340
960 960
400 400
720 720
3200 3200
6660
400 400
780
173820 174600 56860 65580 116960
8720
65580
balanesheet
cr

720

1860
7200
9000

80460

2340

6660

108240
8720
116960
 general journal
date description
july
cash
O.E
invested cash inbusiness
1 truck
cash
accounts payable
paid half payment for truck and remining incurred a liabilty
5 prepaid insurance
cash
paid cash for prepaid insurance
12 accounts recievable
cleaning services
incurred a/c rec for rendering services
18 accounts payable
cash
cash
decrement in a/c payable by paying cash
20 salaries expense
cash
paid salaries
21 cash
accounts recievble
collected a/c rec from customers for rendering services
25 accounts recievble
cleaning services
billed customers for services
31 gas and oil expense
cash
paid cash for oil and gas expense
31 drawings
cash
withdraw cash from business
3 cleaning supplies
accounts payable
dr cr
cash O.E
12000 dr cr dr cr
12000 12000 3000 12000
1400 1200
6000 1000
3000 800
3000 1200 truck
200 dr cr
1200 900 6000
1200 13400 8300
5100
2500
2500
A/C payable prepaid insurance
1800 dr cr dr cr
1000 1800 3000 1200
800 1300
1800 4300
1200 2500
1200
A/C rec cleaning services
1400 dr cr dr cr
1400 2500 1400 2500
3000 3000
3000 5500
3000 5500 1400
4100
200
200
gas & oil exp salaris exp
900 dr cr dr cr
900 200 1200

1300 200
1300
31500 31500 drawing
dr cr
900

cleaning suplies
dr cr
1300
 unadjusted trial balance adjustments adjusted trial blnce
accounts dr cr dr cr dr cr
cash 5100 5100
O.E 12000 12000
A/s payable 2500 2500
A/c recievable 4100 1500 5600
gas & oil exp 200 200
drawings 900 900
salaries payable 600 600
cleaning services 5500 1500 7000
prepaid insurance 1200 100 1100
truck 6000 6000
cleaning supplies 1300 700 600

Acc: depriciation 200 200

depriciation expense 200 200
insurance expense 100 100
supplies expense 700 700
salaries exp 1200 600 1800
3100 3100 22300 22300

owner's equity for july t

 income statement statement of O.E balancesheet
dr cr dr cr dr cr
5100
12000 12000
2500
5600
200
900 900
600
7000
1100
6000
600

200
200
100
700
1800
3000 7000
4000 4000
7000 7000 900 16000 19300 15300
15100 4000
 E

post adjusting entries

Accounts dr cr
1 income summary 3000
depriciation expense 200
insurance expense 100
supplies expense 700
salaries expense 1800
gas and oil expense 200
2 cleaning services 7000
income summary 7000

3 income summary 4000

owner's capital 4000

4 owner's capital 900

drawings 900

14900 14900
 post closing trial balance
debit credit

cash 5100
O.E 15100
A/s payable 2500
A/c recievable 5600
Acc: depriciation 200

salaries payable 600

prepaid insurance 1100

truck 6000
cleaning supplies 600
18400 18400
YEARS B.V DEP.EXP ACC.DEP NET B.V year B.V RATE

1 15000000 1500000 1500000 13500000 2004 180000 25%

2 13500000 1500000 3000000 12000000 2005 135000 25%
3 12000000 1500000 4500000 10500000 2006 101250 25%
4 10500000 1500000 6000000 9000000 2007 75937.5 25%
5 9000000 1500000 7500000 7500000
6 7500000 1500000 9000000 6000000
7 6000000 1500000 10500000 4500000
8 4500000 1500000 12000000 3000000

YEAR B.V RATE DEP.EXP ACC.DEP NET B.V

1 15000000 25.00% 3750000 1500000 11250000

2 11250000 25.00% 2812500 4312500 8437500
3 8437500 25.00% 2109375 6421875 6328125
4 6328125 25.00% 1582031 8003906 4746094
5 4746094 25.00% 1186523 9190430 3559570
6 3559570 559570 9750000 3000000
DEP.EXP ACC.DEP NET B.V

45000 45000 135000

33750 78750 101250
25312.5 104062.5 75937.5
18984.38 123046.9 56953.13

years hours use dep/val dep/hr rate dep.exp

1 100000 12000000 120 13.04348 1304348
2 150000 12000000 80 13.04348 1956522
3 180000 12000000 66.66667 13.04348 2347826
4 95000 12000000 126.3158 13.04348 1239131
5 125000 12000000 96 13.04348 1630435
6 110000 12000000 109.0909 13.04348 1434783
7 85000 12000000 141.1765 13.04348 1108696
8 75000 12000000 160 13.04348 978261
920000

13.04348
 2666667 dep:val factor dep.exp
2333333
200000 160000 64000
1666667 160000 48000
1333333 160000 32000
1000000 160000 16000
666666.7 160000
333333.3

year dep:val factor dep:exp

3000000
dep:exp
1 12000000 0.222222 2666667
2 12000000 0.194444 2333333 2500000
3 12000000 0.166667 2000000 2000000
4 12000000 0.138889 1666667
1500000
5 12000000 0.111111 1333333
6 12000000 0.083333 1000000 1000000
7 12000000 0.055556 666666.7 500000
8 12000000 0.027778 333333.3
0
1 2 3 4 5 6
 4 years
dep;val 160000

sum of25 years n(n+1)/2

cost 1500000

dep:exp

dep:exp

2 3 4 5 6 7 8 9
 sum of year digit method straight line method
dep.exp(SYM) YEARS B.V DEP.EXP(slACC.DEP NET B.V
year dep.e(sym)
1 2666667 1 15000000 1500000 1500000 13500000
2 2333333 2 13500000 1500000 3000000 12000000
3 200000 3 12000000 1500000 4500000 10500000
4 1666667 4 10500000 4000000
1500000 6000000 9000000
5 1333333 5 9000000 1500000 7500000 7500000
6 1000000 6 7500000 3500000
1500000 9000000 6000000
7 666666.7 7 6000000 1500000 10500000 4500000
8 333333.3 8 4500000 3000000
1500000 12000000 3000000

2500000

2000000
years hours use dep/val dep/hr rate dep.exp(upm)
1 100000 12000000 120 13.04348 1304348 1500000
2 150000 12000000 80 13.04348 1956522
3 180000 12000000 66.66667 13.04348 2347826 1000000
4 95000 12000000 126.3158 13.04348 1239131
5 125000 12000000 96 13.04348 1630435 500000
6 110000 12000000 109.0909 13.04348 1434783
7 85000 12000000 141.1765 13.04348 1108696 0
1 2 3 4
8 75000 12000000 160 13.04348 978261
 double declining method
YEAR B.V RATE DEP.EXP(d ACC.DEP NET B.V

1 15000000 25.00% 3750000 1500000 11250000

2 11250000 25.00% 2812500 4312500 8437500
3 8437500 25.00% 2109375 6421875 6328125
4 6328125 25.00% 1582031 8003906 4746094
5 4746094 25.00% 1186523 9190430 3559570
6 3559570 559570 9750000 3000000

years
dep.exp(upm)
dep.exp(upm) YEARS
DEP.EXP(slm)
2500000 YEAR
DEP.EXP(ddm)
Column A
2000000
dep.exp(SYM)

1500000 dep.exp(upm)

1000000

2 3 4 5 6 7 8
500000

0
1 2 3 4 5 6 7 8