Account Titles Debit Credit

Jan-02 Cash On Hand 300,000

Mary Quiabel, Capital 300,000
OR #1

Cash In Bank 150,000

Cash On Hand 150,000
CAV #1

Land 1,000,000
Building 500,000
Furnitures and Fixtures 40,000
Delivery Equipment 200,000
Merchandise Inventory 135,000
Mary Quibael, Capital 1,875,000
JV #1

3 Supplies Expense 16,000

Cash in Bank 16,000
CKV #1

3 Taxes and Licenses 3,500

Cash On Hand 3,500
CAV #2

3 Insurance Expense 8,400

Cash On Hand 8,400
CAV #3

3 Cash In Bank 45,000

Rent Income - AAT Trading 45,000
OR #2

4 Advertising Expense 5,750

Cash On Hand 5,750
CAV #4

5 Store Equipment 43,700

Accounts Payable - LAC Company 43,700
JV #2

5 Store Equipment 1,174

Cash On Hand 1,174
CAV #5

6 Accounts Payable - LAC Company 1,000

Store Equipment 1,000
JV #3

7 Cash In Bank 58,800

Interest Expense 1,200
Notes Payable - LFS Bank 60,000
OR #3
7 Notes Receivable - SPB Medical Hospital 45,000
Sales 45,000
SI #1

8 Purchases 40,500
Accounts Payable - CJS 40,500
PO #1

8 Purchases 12,000
Notes Payable - RPD Enterprises 12,000
PO #2

9 Accounts Payable - CJS Enterprises 1,750

Purchases Returns and Allowances 1,750
JV #4

9 Cash In Bank 10,000

Accounts Receivable - SLS Hotel and Restaurant 23,500
Notes Receivable - SLS Hotel and Restaurant 15,000
Sales 48,500
SI #2 and OR #4

11 Purchases 36,000
Cash In Bank 10,000
Accounts Payable - MOV Enterprises 26,000
PO #3 and CKV #2

12 Accounts Receivable - MMSU 70,000

Sales 70,000
SI #3

12 Sales Returns and Allowances 2,000

Accounts Receivable - MMSU 2,000
JV #5

12 Accounts Payable - LAC Company 20,000

Cash In Bank 20,000
CKV #3

13 Cash In Bank 114,000

Sales 114,000
SI #4 and OR #5

13 Sales Returns and Allowances - DWCL 1,000

Cash On Hand 1,000
CAV #6

13 Accounts Payable - CJS Enterprises 21,000

Cash In Bank 21,000
CKV #4

14 Purchases 65,780
Cash In Bank 65,780
PO #4 and CKV #5

14 Freight In 900
Cash On Hand 900
CAV #7
15 Accounts Payable - LAC Company 22,700
Store Equipment 854
Cash In Bank 21,846
CKV #6

15 Cash In Bank 10,000

Accounts Receivable - SCS Hotel and Restaurant 10,000
OR #6

15 Salaries and Wages 16,450

Withholding Taxes Payable 420
SSS Premiums Payable 200
Medicare Premiums Payable 300
Cash In Bank 15,530
CKV #7

16 Purchases 63,250
Accounts Payable - RPD Enterprises 63,250
PO #5

16 Accounts Receivable - NWU 25,000

Sales 25,000
SI #5

17 Cash In Bank 28,000

Accounts Receivable - MMSU 28,000
OR #7

18 Accounts Payable - CJS Enterprises 20,000

Purchase Discounts 820
Cash In Bank 19,180
CKV #8

19 Cash In Bank 15,000

Accounts Receivable - DWCL 20,000
Sales 35,000
SI #6 and OR# 8

19 Cash In Bank 13,030

Sales Discount 470
Accounts Receivable - SCS Hotel and Restaurant 13,500
OR #9

20 Repairs Expense 2,500

Cash On Hand 2,500
CAV #8

21 Cash In Bank 38,640

Sales Discount 1,360
Accounts Receivable 40,000
OR #10

23 Purchases 20,000
Accounts Payable - CTS Enterprises 20,000
PO #6

23 Accounts Receivable - SCS Hotel and Restaurant 25,000

Sales 25,000
SI #7
26 Accounts Payable - RPD Enterprises 20,000
Cash In Bank 20,000
CKV #9

27 Cash In Bank 45,225

Interest Income 225
Notes Receivable - SPB Medical Hospital 45,000
OR #11

28 Notes Payable - RPD Enterprise 12,000

Interest Expense 40
Cash In Bank 12,040
CKV #10

30 Accounts Payable - MOV Enterprises 26,000

Cash In Bank 26,000
CKV #11

30 Salaries and Wages 10,200

Withholding Taxes Payable 420
Cash On Hand 9,780
CAV #9

31 Mary Quibad, Drawing 5,000

Cash On Hand 5,000
CAV #10

31 Cash In Bank 25,000

Accounts Receivable - NWU 25,000
OR #12

3,452,819 3,452,819