Jubail Industrial College

Department of Management & Information Technology

MIT 141 – Accounting I

th
Student Name: …ibrahem altowaher…………………………………………….. Date: 18
MarkNovember

Student ID: 401901940………………………….. Section: …………… Quiz # 3 / 7.5

Q.1 7.5 Marks

Al-Hejaz Company
General Journal
April, 2020
(J1)

Date Account Titles Debit Credit

April, 1 Cash $ 40,000
Owner’s Capital $ 40,000

6 Equipment 17,500
Cash 3,000
Notes Payable 14,500

15 Accounts Receivable 25,000

Service Revenue 25,000

28 Notes Payable 4,500

Cash 4,500

$ 87,000 $ 87,000

Required:

1. Prepare the entire general ledgers for all accounts.

2. Prepare trial balance for Al-Hejaz at April 30, 2020.

CASH
DATE EXPLANATION DR CR BALANCE
Apr. 3 40000 40000

Apr . 6 3000 37000

Apr . 28 4500 32500

CAPITAL
 DATE EXPLANATION DR CR BALANCE
Apr . 3 40000 40000

EQUIPMENT
DATE EXPLANATION DR CR BALANCE
Apr , 6 17500 17500

NOTE PAYABLE
DATE EXPLANATION DR CR BALANCE
Apr . 6 14500 14500
Apr . 28 4500 10000

ACCOUNT RECEIVABLE
DATE EXPLANATION DR CR BALANCE
Apr . 15 25000 25000

SERVICE REVENUES
DATE EXPLANATION DR CR BALANCE
Apr . 15 25000 25000

TRIAL BALANCE
ACCOUNTS DR CR

CASH 32500

CAPITAL 40000
17500
EQUIPMENT
10000
NOTE PAYABLE
25000
ACCOUNT RECEVABLE
SERVICE REVENUES 25000

75000 75000