GENERAL JOURNAL (RECORDING)

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DATE DESCRIPTION PR DEBIT CREDIT

1 6 1 CASH 111 $ 18,000.00 1

OFFICE EQUIPMENT 121 $ 3,000.00

2 JUAN VALDEZ, CAPITAL 311 $ 21,000.00 2

3 # 3

4 1 PREPAID RENT 114 2,100.00 4

5 CASH 111 2,100.00 5

6 # 6

7 2 AUTOMOBILE 123 12,000.00 7

8 CASH 111 12,000.00 8

9 # 9

10 4 OFFICE SUPPLIES 115 300.00 10

11 CASH 111 300.00 11

12 # 12

13 5 OFFICE SUPPLIES 115 150.00 13

14 ACCOUNTS PAYABLE 211 150.00 14

15 # 15

16 6 CASH 111 6,000.00 16

17 COMMISSION EARNED 411 6,000.00 17

18 # 18

19 8 GAS EXPENSE 513 22.00 19

20 CASH 111 22.00 20

21 # 21

22 15 SALARIES EXPENSE 512 350.00 22

23 CASH 111 350.00 23

24 # 24

25 17 ACCOUNTS RECEIVABLE 112 6,500.00 25

26 COMMISSION EARNED 411 6,500.00 26

27 # 27

28 20 JUAN VALDEZ, WITHDRAWALS 312 1,000.00 28

29 CASH 111 1,000.00 29

30 # 30

31 21 CASH 111 3,500.00 31

32 COMMISSION EARNED 411 3,500.00 32

33 # 33

34 22 GAS EXPENSE 513 25.00 34

35 CASH 111 25.00 35

36 # 36

37 24 REPAIR EXPENSE 514 600.00 37

38 CASH 111 600.00 38

39 # 39
40 30 SALARIES EXPENSE 512 350.00 40

41 CASH 111 350.00 41

42 # 42

43 30 TELEPHONE EXPENSE 515 510.00 43

44 CASH 111 510.00 44

45 # 45

35 30 ADVERTISING EXPENSE 516 1,200.00 35

36 ACCOUNTS PAYABLE 211 1,200.00 36

37 # 37

38 30 RENT EXPENSE 511 700.00 38

39 PREPAID RENT 114 700.00 39

40 # 40

41 30 OFFICE SUPPLIES EXPENSE 517 400.00 41

42 OFFICE SUPPLIES 115 400.00 42

43 # 43

44 30 AMORTIZATION EXPENSE - OE 518 100.00 44

45 AMORTIZATION EXPENSE - AUTO 519 200.00 45

46 ACCUMULTED AMORT - OE 122 100.00 46

47 ACCUMULTED AMORT - AUTO 124 200.00 47

48 # 48

49 30 COMMISSION EARNED 411 16,000.00 49

50 INCOME SUMMARY 313 16,000.00 50

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 GENERAL JOURNAL (RECORDING)
PAGE: _____2__________

DATE DESCRIPTION PR DEBIT CREDIT

1 6 30 INCOME SUMMARY 313 $ 4,457.00 1

RENT EXPENSE 511 $ 700.00

2 SALARIES EXPENSE 512 700.00 2

3 GAS EXPENSE 513 47.00 3

REPAIRS EXPENSE 514 600.00

4 TELEPHONE EXPENSE 515 510.00 4

5 ADVERTISING EXPENSE 516 1,200.00 5

6 OFFICE SUPPLIES EXPENSE 517 400.00 6

7 AMOR EXP - OE 518 100.00 7

8 AMOR EXP - AUTO 519 200.00 8

9 # 9

10 30 INCOME SUMMARY 313 11,543.00 10

11 JUAN VALDEZ, CAPITAL 311 11,543.00 11

12 # 12

13 JUAN VALDEZ, CAPITAL 311 1,000.00 13

14 JUAN VALDEZ, WITHDRAWAL 312 1,000.00 14

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 T-ACCOUNT (POSTING)

CASH ACCOUNTS RECEIVABLE PREPAID RENT

Beg.bal. $ 10,243.00 Beg.bal. $ 6,500.00
EPAID RENT
 T-ACCOUNT (POSTING)

CASH ACCOUNTS RECEIVABLE PREPAID RENT

$ 18,000.00 $ 2,100.00 $ 6,500.00 $ 2,100.00 700.00
6,000.00 12,000.00 $ 1,400.00
3,500.00 300.00
22.00
350.00
1,000.00
25.00
600.00
350.00
- 510.00
27,500.00 17,257.00
$ 10,243.00

OFFICE SUPPLIES OFFICE EQUIPMENT AA - OE

$ 300.00 $ 400.00 $ 3,000.00 $ 100.00
150.00 -
450.00 400.00
$ 50.00

AUTOMOBILE AA - A ACCOUNTS PAYABLE

$ 12,000.00 $ 200.00 150.00
1,200.00
$ 1,350.00
 SALARIES PAYABLE JUAN VALDEZ, CAPITAL JUAN VALDEZ, WITHDRAWALS
$ 1,000.00 21,000.00 $ 1,000.00 $ 1,000.00
- 11,543.00 -
1,000.00 32,543.00
$ 31,543.00

INCOME SUMMARY COMMISSIONS EARNED RENT EXPENSE

$ 4,457.00 16,000.00 $ 16,000.00 6,000.00 $ 700.00 $ 700.00
11,543.00 11,543.00 6,500.00 -
- 3,500.00
- 16,000.00
-

SALARIES EXPENSE GAS EXPENSE REPAIRS EXPENSE

$ 350.00 700.00 $ 22.00 47.00 $ 600.00 $ 600.00
350.00 $ 25.00 -
700.00 - 47.00 -
- -

TELEPHONE EXPENSE ADVERTISING EXPENSE OFFICE SUPPLIES EXPENSE

$ 510.00 $ 510.00 $ 1,200.00 $ 1,200.00 $ 400.00 $ 400.00
- $ - -
 AMOR EXP - OE AMOR EXP - AUTO MISCELLANEOUS EXPENSE
$ 100.00 $ 100.00 $ 200.00 $ 200.00
- $ -
 WORKING PAPER

UNADJUSTED TRIAL BALANCE ADJUSTMENTS ADJUSTED TRIAL BALANCE

ACCT NO. DESCRIPTION
DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT

1 CASH $ 10,243.00 $ 10,243.00

2 ACCOUNTS RECEIVABLE 6,500.00 6,500.00
3 PREPAID RENT 2,100.00 $ 700.00 1,400.00
4 OFFICE SUPPLIES 450.00 400.00 50.00
5 OFFICE EQUIPMENT 3,000.00 3,000.00
6 AA - OE 100.00 $ 100.0
7 AUTOMOBILE 12,000.00 12,000.00
8 AA - A 200.00 200.0
9 ACCOUNTS PAYABLE $ 1,350.00 1,350.0
10 SALARIES PAYABLE
11 JUAN VALDEZ, CAPITAL 21,000.00 21,000.0
12 JUAN VALDEZ, WITHDRAWALS 1,000.00 1,000.00
13 COMMISSIONS EARNED 16,000.00 16,000.0
14 RENT EXPENSE $ 700.00 700.00
15 SALARIES EXPENSE 700.00 700.00
16 GAS EXPENSE 47.00 47.00
17 REPAIRS EXPENSE 600.00 600.00
18 TELEPHONE EXPENSE 510.00 510.00
19 ADVERTISING EXPENSE 1,200.00 1,200.00
20 OFFICE SUPPLIES EXPENSE 400.00 400.00
21 AMOR EXP - OE 100.00 100.00
22 AMOR EXP - AUTO - - 200.00 - 200.00 -
23 $ 38,350.00 $ 38,350.00 $ 1,400.00 $ 1,400.00 $ 38,650.00 $ 38,650.0
24 NET INCOME
25

26

27

28

29

30
BALANCE INCOME STATEMENT BALANCE SHEET

CREDIT DEBIT CREDIT DEBIT CREDIT

$ 10,243.00 1

6,500.00 2

1,400.00 3

50.00 4

3,000.00 5

100.00 $ 100.00 6

12,000.00 7

200.00 200.00 8

1,350.00 1,350.00 9

10

21,000.00 21,000.00 11

1,000.00 12

16,000.00 $ 16,000.00 13

$ 700.00 14

700.00 15

47.00 16

600.00 17

510.00 18

1,200.00 19

400.00 20

100.00 21

- 200.00 - 22

38,650.00 4,457.00 16,000.00 23 -

11,543.00 - - 11,543.00 24

$ 16,000.00 $ 16,000.00 $ 34,193.00 $ 34,193.00 25

26

27

28

29

30
 VALDEZ REALTY
INCOME STATEMENT
for the month Ended June 30, 20xx

REVENUE:
COMMISSION EARNED $ 16,000.00
EXPENSES:
RENT EXPENSE $ 700.00
SALARIES EXPENSE 700.00
GAS EXPENSE 47.00
REPAIRS EXPENSE 600.00
TELEPHONE EXPENSE 510.00
ADVERTISING EXPENSE 1,200.00
OFFICE SUPPLIES EXPENSE 400.00
AMOR EXP - OE 100.00
AMOR EXP - AUTO 200.00 (4,457.00)
NET INCOME $ 11,543.00

VALDEZ REALTY
STATEMENT OF CHANGES IN OWNER'S EQUITY
for the month Ended June 30, 20xx

BEG. BALANCE $ -
add:
INVESTMENT/ADDITIONAL INVESTMENT 21,000.00
NET INCOME 11,543.00
less:
WITHDRAWALS (1,000.00)
ENDING, CAPITAL $ 31,543.00

VALDEZ REALTY
BALANCE SHEET
for the month Ended June 30, 20xx

ASSETS
CASH $ 10,243.00
ACCOUNTS RECEIVABLE 6,500.00
PREPAID RENT 1,400.00
OFFICE SUPPLIES 50.00
OFFICE EQUIPMENT $ 3,000.00
AA - OE $ (100.00) 2,900.00
AUTOMOBILE 12,000.00
AA - A (200.00) 11,800.00
TOTAL ASSETS $ 32,893.00

LIABILITIES AND OWNER'S EQUITY

ACCOUNTS PAYABLE $ 1,350.00
SALARIES PAYABLE -
JUAN VALDEZ, CAPITAL 31,543.00
TOTAL LIABILITIES & OWNER'S EQUITY $ 32,893.00
 VALDEZ REALTY
POST-CLOSING TRIAL BALACE
JUNE 30, 20xx

ACCT. NO. DESCRIPTION DEBIT CREDIT

1 CASH $ 10,243.00 1

2 ACCOUNTS RECEIVABLE 6,500.00 2

3 PREPAID RENT 1,400.00 3

4 OFFICE SUPPLIES 50.00 4

5 OFFICE EQUIPMENT 3,000.00 5

6 AA - OE $ 100.00 6

7 AUTOMOBILE 12,000.00 7

8 AA - A 200.00 8

9 ACCOUNTS PAYABLE 1,350.00 9

10 SALARIES PAYABLE - 10

11 JUAN VALDEZ, CAPITAL - 31,543.00 11

12 $ 33,193.00 $ 33,193.00 12

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 GENERAL JOURNAL (RECORDING)
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