Professional Documents
Culture Documents
FM HL Final
FM HL Final
FM HL Final
1
Journal Page 1
Date Description P.O Debit Credit
2010, June 1 Cash 20,000
Account Receivable 4,500
Supplies 2,000
Office Equipment 11,500
Emily page, capital 38,000
(Record assets transferred )
Account Receivable 12
Balance
Date Item P.O Dr Cr Debit Credit
June, 1 4,500 4,500
June, 6 3,000 1,500
June, 12 5,100 6,600
June, 20 3,100 9,700
June, 26 6,900 2,800
June, 30 1,000 3,800
Supplies 14
Balance
Date Item P.O Dr Cr Debit Credit
June, 1 2,000 2,000
June, 18 750 2,750
Prepaid rent 15
Balance
Date Item P.O Dr Cr Debit Credit
June, 1 6,000 6,000
Prepaid Insurance 16
Balance
Date Item P.O Dr Cr Debit Credit
June, 2 2,400 2,400
Office Equipment 18
Balance
Date Item P.O Dr Cr Debit Credit
June, 1 11,500 11,500
June, 18 3,500 15,000
Account Payable 21
Balance
Date Item P.O Dr Cr Debit Credit
June, 5 3,500 3,500
June, 18 750 2,750
Unearned Fees 23
Balance
Date Item P.O Dr Cr Debit Credit
June, 2 2,700 2,700
Fees earned 41
Balance
Date Item P.O Dr Cr Debit Credit
June, 12 5,100 5,100
June, 17 6,500 11,600
June, 20 3,100 14,700
June, 24 5,150 19,850
June, 30 2,500 22,350
June, 30 1,000 23,350
Salaries Expense 51
Balance
Date Item P.O Dr Cr Debit Credit
June, 14 1,100 1,100
June, 27 1,100 2,200
Miscellaneous Expense 59
Balance
Date Item P.O Dr Cr Debit Credit
June, 10 200 200
June, 29 150 150
June, 30 400 750
No.3
Credit
200.00
2,100.00
250.00
220.00
2,000.00
825.00
1525
4
Bottom Line Consulting
Accounting Worksheet
For the month endingJune 30, 2010
Unadjusted Trial Balance Adjusting Entries
Account Debit Credit Debit Credit
Cash 28,900
Account Receivable 3,800
Supplies 2,750 (b)2100
Prepaid rent 6,000 (e)2000
Prepaid Insurance 2,400 (a)200
Office equipment 15,000
Accumulated Depreciation (c)250
Salary Payable (d)220
Account payable 2,750
Unearned fees 2,700 (f)825
Emilly page, Capital 38,000
Emilly page, Drawing 5,000
Fees earned 23,350 (f)825
Rent Expense (e)2000
Depreciation Expense (c)250
Insurance Expense (a)200
Supplies Expense (b)2100
Salaries expense 2,200 (d)220
Miscellaneous expense 750
66,800 66,800 5,595 5,595
Totals Net Income
Total
No. 5
Credit
24,175.00
2420
2000
2100
250
200
750
16,455.00
5,000.00
No. 7
Bottom Line Consulting
Post closing Trial Balance
30-Jun-10
DEBIT CREDIT
Cash 28,900.00
Account Receivable 3,800.00
Supplies 650.00
Prepaid Rent 4,000.00
Prepaid Insurance 2,200.00
Office Equipment 15,000.00
Accumulated Depreciation 250.00
Accounts Payable 2,750.00
Salaries Payable 220.00
Unearned Fees 1,875.00
Emily Page, Capital 38,000.00
Retained Earning 11,455.00
54,550.00 54,550.00
No. 8
Bottom Line Consulting
Income Statement
Revenues
Fees Earned 24,175.00
Expenses
Salary Expense 2,420.00
Rent Expense 2,000.00
Supplies Expense 2,100.00
Depreciation Expense 250.00
Insurance Expense 200.00
Miscellaneous Expense 750.00 7,720.00
Total Expense
Net Income 16,455.00