Journal Trial Balance

Journal
Date Accounts and Explanations Account No. Debit Credit Account No's Account Names Debit Credit
Ref No.

J1 2-Dec Cash 101 25,000 ASSETS

Carl Redmon, Capital 301 25,000 101 Cash 16,350
Owner contribution 102 Accounts receivable 1,100
J2 2-Dec Prepaid insurance 106 6,000 103 Supplies 500
Cash 101 6,000 106 Prepaid insurance 6,000
Paid for insurance in advance 107 Computer 2,400
J3 3-Dec Computer 107 2,400 108 Furniture 4,500
Cash 101 2,400 LIABILITIES
Paid cash for equipment 201 Accounts payable 4,700
J4 4-Dec Furniture 108 4,500 203 Unearned service revenue 1,200
Accounts payable 201 4,500 EQUITY
Paid for furniture on account 301 Carl Redmon, Capital 25,000
J5 5-Dec Supplies 103 500 302 Carl Redmon, Withdrawals 1,600
Accounts payable 201 500 REVENUE
Paid for supplies on account 401 Service revenue 2,500
J6 9-Dec Accounts receivable 102 1,700 EXPENSES
Service revenue 401 1,700 502 Rent expense 750
Performed services on account 503 Utilities expense 200
J7 12-Dec Utilities expense 503 200 TOTALS 33,400 33,400
Cash 101 200
Paid for utilities
J8 18-Dec Cash 101 800
Service revenue 401 800
Performed services
J9 22-Dec Cash 101 1,200
Unearned Service Revenue 203 1,200
Collected cash for future services
J10 26-Dec Accounts payable 201 300
Cash 101 300
Paid cash on account
J11 28-Dec Cash 101 600
Accounts receivable 102 600
Received cash on account
J12 30-Dec Carl Redmon, Withdrawals 302 1,600
Cash 101 1,600
Owner withdrawal
J13 31-Dec Rent expense 502 750
Cash 101 750
Paid monthly rent

J14 31-Dec Insurance expense 504 500

Prepaid insurance 106 500
Amortization of prepaid insurance
($6,000 / 24 months = 500 per month)

J15 31-Dec Depreciation - computer 505 33

Accumulated Dep - computer 110 33
Depreciation of computer of the month
(2400 - 400 /60 months)

J16 31-Dec Depreciation - Furniture 506 75

Accumulated Dep - Furniture 111 75
Depreciation of computer of the month
(4500 /60 months)
JOURNAL TOTALS 46,158 46,158
Account No. 101
Cash
Date Description Ref Amount Date Description Ref Amount
2-Dec Owner's Contribution J1 25,000 2-Dec Paid for insurance in advance J2 6,000
18-Dec Performed services J8 800 3-Dec Paid cash for equipment J3 2400
22-Dec Collected cash for future servicJ9 1200 12-Dec Paid for utilities J7 200
28-Dec Received cash on account J11 600 26-Dec Paid cash on account J10 300
30-Dec Owner withdrawal J12 1600
31-Dec J13 750
Total 27,600 Total 11,250
Balance: 16,350

Account No. 101

Cash
Date Description Ref Amount Date Description Ref Amount
2-Dec Owner's Contribution 0 25,000 30-Dec Paid for insurance in advance 0 0
30-Dec Rent expense 0 0 30-Dec Cash 0 0
30-Dec 0 0 0 30-Dec Carl Redmon, Withdrawals 0 0
30-Dec Depreciation - computer 0 0 31-Dec Amortization of prepaid insurance J14 500
30-Dec (2400 - 400 /60 months) 0 0
30-Dec 0 0
Total 25,000 Total 500
Balance: 24,500