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  • Gamolos T Accounts and Trial Balance

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    Tashnim Areej
    279 views3 pages
    1) The document shows Gamolo's accounts for various expenses and revenues over time. 2) It tracks debits and credits to cash as well as balances for capital, equipment, payables, and other items. 3) The various transactions decrease cash and increase assets like equipment or payables and expenses, while revenues increase cash.

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    1) The document shows Gamolo's accounts for various expenses and revenues over time. 2) It tracks debits and credits to cash as well as balances for capital, equipment, payables, and other items. 3) The various transactions decrease cash and increase assets like equipment or payables and expenses, while revenues increase cash.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    279 views3 pages

    Gamolos T Accounts and Trial Balance

    Uploaded by

    Tashnim Areej
    1) The document shows Gamolo's accounts for various expenses and revenues over time. 2) It tracks debits and credits to cash as well as balances for capital, equipment, payables, and other items. 3) The various transactions decrease cash and increase assets like equipment or payables and expenses, while revenues increase cash.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 3

    GAMOLO'S ACCOUNTS

    DEBIT CREDIT CASH


    A GAMOLO'S CAPITAL 180000 180000
    CASH 180000 16120
    6900
    B EQUIPMENT 72000 2420
    CASH 72000

    C FILING CABINET 3260


    ACCOUNTS PAYABLE 3260

    D CHAIRS 4620 ACCOUNTS PAYABLE


    CASH 4620 3260

    E PRINTER 15400
    CASH 7400
    ACCOUNTS PAYABLE 8000

    F TELEPHONE BILL 990 SALARIES EXPENSE


    CASH 990 5000
    8250
    G PROFESSIONAL SERVICE 16120
    CASH 16120

    H MEMBERSHIP 1800
    CASH 1800

    I ELECTRIC BILLS 990


    CASH 990

    J PATIENTS BILL 6900


    CASH 6900

    K ACCOUNTS PAYABLE 3260


    CASH 3260

    L RENT/REVENUE 5000
    CASH 5000

    M WALK-IN PATIENTS 2420


    CASH 2420

    N SALARIES 8250
    CASH 8250
    O GAMOLO'S WITHDRAWAL 11500
    CASH 11500

    CASH 205440 115810


    ACCOUNTS RECEIVABLE
    OFFICE EQUIPMENT 95280
    MEDICAL EQUIPMENT
    ACCOUNTS PAYABLE 8000
    GAMOLO'S CAPITAL 180000
    GAMOLO'S WITHDRAWAL 11500
    SERVICE REVENUES 25440
    SALARIES EXPENSE 8250
    RENT SEXPENSE 5000
    UTILITIES EXPENSE 1980
    MISCELLANEOUS EXPENSE 1800

    329250 329250
    CASH ACCOUNTS RECEIVABLE OFFICE EQUIPMENT MEDICAL EQUIPMENT
    72000 11500 72000
    4620 3260
    7400 4620
    990 15400
    990
    800
    3260
    5000
    8250
    ACCOUNTS PAYABLE GAMOLO'S CAPITAL GAMOLO'S WITHDRAWAL SERVICE REVENUES
    3260 180000 11500 16120
    8000 6900
    2420

    SALARIES EXPENSE RENT EXPENSE UTILITIES EXPENSE MISCELLANEOUS EXPENSE


    990 1800
    990

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