GENERAL JOURNAL

Date Description Pr Debit Credit

March 1 Prepaid Insurance 2,400.00
Cash 2,400.00
to record the advance payment in insurance

2 Utilities Payable 850.00

Cash 850.00
to record the payment in past month's utilities

3 Cash 11,000.00
Accounts Receivable 11,000.00
to record the collected account receivable

5 Accounts Receivable 7,000.00

Service income 7,000.00
To record service rendered on account

7 Apol, Drawing 4,500.00

Cash 4,500.00
To record the withdrawal of apol

9 Rent Expenses 9,500.00

Cash 9,500.00
To record the payment in rent

10 Supplies 623.00
Cash 623.00
To record bought supplies

11 Cash 17,000.00
Service Income 17,000.00
To record service rendered on cash

12 Cash 623.00
Supplies 623.00
to record the return purchases on supply

13 Accounts Payable 10,000.00

Cash 10,000.00
To record payment of an accounts

15 Salaries Expenses 12,500.00

Cash 12,500.00
To record the payment on salaries

17 Utilities Expense 2,815.00

 Utilities Payable 2,815.00
To record the bill on utilities

20 Cash 15,000.00
Accounts Receivable 15,000.00
Service Income 30,000.00
To record service rendered half on cash and half on accounts

21 Cash 3,250.00
Accounts Receivable 3,250.00
To record partial payment on the service rendered previously

31 Insurance Expense 200.00

Prepaid Insurance 200.00
To record the expired portion of insurance

Supplies Expense 4,000.00

Supplies 4,000.00
To record the used portion of supplies

Depreciation Expens - S&P 208.00

Accumulated Depreciation - S&P 208.00
To record the depreciation in S&P this month

Depreciation Expens - H&E 3,292.00

Accumulated Depreciation - H&E 3,292.00
To record the depreciation in H&E this month

Salaries Expense 1,200.00

Salaries Payable 1,200.00
To record the accrued salaries this month

Miscellaneous Expense 344.00

Accounts Payable 344.00
to record the accrued miscellaneous expense this month
 GENERAL LEDGER

CASH Acct no. 101 ACCOUNTS RECEIVABLE Acct no. 102

Date Items Pr Debit Date Items Pr Credit Date Items Pr Debit Date Items Pr Credit
March 1 Beg balance 98,500.00 March 1 2,400.00 March 1 Beg balance 21,000.00 March 3 11,000.00
3 11,000.00 2 850.00 5 7,000.00 21 3,250.00
11 17,000.00 7 4,500.00 20 15,000.00
12 623.00 9 9,500.00 43,000.00 14,250.00
20 15,000.00 10 623.00 14,250.00
21 3,250.00 13 10,000.00
145,373.00 15 12,500.00
40,373.00 40,373.00

April 1 Beg Balance 105,000.00 April 1 Beg Balance 28,750.00

SUPPLIES Acct no. 103 PREPAID INSURANCE Acct no. 104

Date Items Pr Debit Date Items Pr Credit Date Items Pr Debit Date Items Pr Credit
March 1 Beg balance 8,200.00 March 12 623.00 March 1 2,400.00 March 31 Adjusting 200.00
10 623.00 31 Adjusting 4,000.00
8,823.00 4,623.00

April 1 Beg Balance 4,200.00 April 1 Beg Bal 2,200.00

SOFTWARE & PROGRAMS Acct no. 105 ACCUMULATED DEPRECIATION -S&P Acct no. 106
Date Items Pr Debit Date Items Pr Credit Date Items Pr Debit Date Items Pr Credit
March 1 Beg balance 25,000.00 March 1 Beg balance 208.00
31 Adjusting 208.00

April 1 Beg Balance 25,000.00 April 1 Beg Balance 416.00

HARDWARE & EQUIPMENTS Acct no. 107 ACCUMULATED DEPRECIATION H&E Acct no. 108
Date Items Pr Debit Date Items Pr Credit Date Items Pr Debit Date Items Pr Credit
March 1 Beg balance 197,500.00 March 1 Beg balance 3,292.00
31 Adjusting 3,292.00

April 1 Beg Balance 6,584.00

ACCOUNTS PAYABLE Acct No. 201 UNEARNED SERVICE INCOME Acct no. 202
Date Items Pr Debit Date Items Pr Credit Date Items Pr Debit Date Items Pr Credit
March 13 10,000.00 March 1 Beg balance 101,800.00 March 1 Beg balance 3,250.00
31 Adjusting 344.00
102,144.00

April 1 Beg Balance 92,144.00

UTILITIES PAYABLE Acct no. 203 SALARIES PAYABLE Acct no. 204
Date Items Pr Debit Date Items Pr Credit Date Items Pr Debit Date Items Pr Credit
March 2 850.00 March 1 Beg balance 850.00 March 31 Adjusting 1,200.00
17 2,815.00
850.00 3,665.00

2,815.00

April 1 Beg Balance 1,200.00

APOL, CAPITAL Acct no. 301 APOL, DRAWING Acct no. 302
Date Items Pr Debit Date Items Pr Credit Date Items Pr Debit Date Items Pr Credit
March 1 Beg balance 240,800.00 March 7 4,500.00
 INCOME SUMMARY Acct no. 303 SERVICE INCOME Acct no. 401
Date Items Pr Debit Date Items Pr Credit Date Items Pr Debit Date Items Pr Credit
March 5 7,000.00
11 17,000.00
20 30,000.00

54,000.00

SALARIES EXPENSE Acct no. 501 RENT EXPENSE Acct no. 502
Date Items Pr Debit Date Items Pr Credit Date Items Pr Debit Date Items Pr Credit
March 15 12,500.00 March 9 9,500.00
31 Adjusting 1,200.00

DEPRECIATION EXPENSE S&P Acct no. 503 DEPRECIATION EXPENSE F&E Acct no. 504
Date Items Pr Debit Date Items Pr Credit Date Items Pr Debit Date Items Pr Credit
March 31 Adjusting 208.00 March 31 Adjusting 3,292.00

UTILITIES EXPENSE Acct no. 505 INSURANCE EXPENSE Acct no. 506
Date Items Pr Debit Date Items Pr Credit Date Items Pr Debit Date Items Pr Credit
March 17 2,815.00 March 31 Adjusting 200.00

SUPPLIES EXPENSE Acct no. 507 MISCELLANEOUS EXPENSE Acct no. 508
Date Items Pr Debit Date Items Pr Credit Date Items Pr Debit Date Items Pr Credit
March 31 Adjusting 4,000.00 March 31 Adjusting 344.00
 APOL COMPUTER SERVICES
Trial Balance
As of March 31,2013
Debit Credit
Cash 105,000.00
Accounts Receivable 28,750.00
Supplies 8,200.00
Prepaid Insurance 2,400.00
Software & Programs 25,000.00
Accumulated Depreciation S&P 208.00
Hardwares & Equipments 197,500.00
Accumulated Depreciation H&E 3,292.00
Accounts Payable 91,800.00
Unearned Service Income 3,250.00
Utilities Payable 2,815.00
Salaries Payable
Apol, Capital 240,800.00
Apol, Drawing 4,500.00
Service Income 54,000.00
Salaries Expense 12,500.00
Rent Expense 9,500.00
Utilities Expense 2,815.00
Insurance Expense
Supplies Expense
Miscellaneous Expense
396,165.00 396,165.00
 Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet
Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
Cash 105,000.00 105,000.00 105,000.00
Accounts Receivable 28,750.00 28,750.00 28,750.00
Supplies 8,200.00 4,000.00 4,200.00 4,200.00
Prepaid Insurance 2,400.00 200.00 2,200.00 2,200.00
Software & Programs 25,000.00 25,000.00 24,584.00
Accumulated Depreciation S&P 208.00 208.00 416.00
Hardwares & Equipments 197,500.00 197,500.00 190,916.00
Accumulated Depreciation H&E 3,292.00 3,292.00 6,584.00
Accounts Payable 91,800.00 344.00 92,144.00 92,144.00
Unearned Service Income 3,250.00 3,250.00 3,250.00
Utilities Payable 2,815.00 2,815.00 2,815.00
Salaries Payable 1,200.00 1,200.00 1,200.00
Apol, Capital 240,800.00 240,800.00 256,241.00
Apol, Drawing 4,500.00 4,500.00
Service Income 54,000.00 54,000.00 54,000.00
Salaries Expense 12,500.00 1,200.00 13,700.00 13,700.00
Rent Expense 9,500.00 9,500.00 9,500.00
Depreciation Expense - S&P 208.00 208.00 208.00
Depreciation Expense - H&E 3,292.00 3,292.00 3,292.00
Utilities Expense 2,815.00 2,815.00 2,815.00
Insurance Expense 200.00 200.00 200.00
Supplies Expense 4,000.00 4,000.00 4,000.00
Miscellaneous Expense 344.00 344.00 344.00
396,165.00 396,165.00 9,244.00 9,244.00 401,209.00 401,209.00 34,059.00 54,000.00 355,650.00 355,650.00
Net income 19,941.00
54,000.00
 APOL COMPUTER SERVICES APOL COMPUTER SERVICES
INCOME STATEMENT BALANCE SHEET
AS OF MARCH 31,2013 AS OF MARCH 31,2013
Service Revenue 54,000.00
Less: Operating Expenses ASSETS
Salaries Expense 13,700.00 Cash 105,000.00
Rent Expense 9,500.00 Accounts Receivable 28,750.00
Depreciation Expense - S&P 208.00 Supplies 4,200.00
Depreciation Expense - H&E 3,292.00 Prepaid Insurance 2,200.00
Utilities Expense 2,815.00 Software & Programs 25,000.00
Insurance Expense 200.00 Accumulated Depreciation S&P 416.00
Supplies Expense 4,000.00 Hardwares & Equipments 197,500.00
Miscellaneous Expense 344.00 Accumulated Depreciation H&E 6,584.00
Total Expenses 34,059.00 362,650.00
Net income (Loss) 19,941.00 TOTAL ASSETS 355,650.00
LIABILITIES
Accounts Payable 92,144.00
APOL COMPUTER SERVICES Unearned Service Income 3,250.00
CAPITAL STATEMENT Utilities Payable 2,815.00
AS OF MARCH 31,2013 Salaries Payable 1,200.00
CAPITAL
Capital March 1 240,800.00 Apol, Capital 256,241.00
Add: Net Income 19,941.00 TOTAL LIABILITIES AND CAPITAL 355,650.00
19,941.00
260,741.00
Less: Apol, Drawings 4,500.00
4,500.00
Capital March 31 256,241.00