Account Name: CASH Account No.

11
Balance
Date Explanation P.R. Debit Credit
Debit Credit
Dec. 2 Investment by owner P 60,000 P 60,000
4 Paid insurance for one year P 6,000 54,000
8 Paid office and computer supplies 2,500 51,500
11 60,000 111,500
16 12,500 124,000
18 1,000 123,000
20 10,500 133,500
22 3,600 129,900
25 45,000 84,900
26 7,500 92,400
27 1,500 90,900
28 5,500 85,400
29 12,000 73,400
30 5,000 778,400

Account Name: ACCOUNTS RECEIVABLE Account No. 12

Balance
Date Explanation P.R. Debit Credit
Debit Credit
Dec 24 16,400 16,400
26 7,500 8,900

Account Name: PREPAID INSURANCE Account No. 15

Balance
Date Explanation P.R. Debit Credit
Debit Credit
Dec 4 6000 6000
31 Adjustments 500 5500

Account Name: OFFICE SUPPLIES Account No. 16

Balance
Date Explanation P.R. Debit Credit
Debit Credit
Dec 8 2,500 2,500
31 Adjustments 900 1,600

Account Name: FURNITURE AND EQUIPMENT Account No. 18

Balance
Date Explanation P.R. Debit Credit
Debit Credit
Dec 6 15,000 15,000
14 60,000 75,000

Account Name: ACCOUNTS PAYABLE Account No. 21

Balance
Date Explanation P.R. Debit Credit
Debit Credit
Dec 6 15,000 15,000
14 60,000 75,000
25 45,000 30,000
Account Name: LOANS PAYABLE Account No. 24
Balance
Date Explanation P.R. Debit Credit
Debit Credit
Dec 11 60,000 60,000

Account Name: ANN REYES, CAPITAL Account No. 31

Balance
Date Explanation P.R. Debit Credit
Debit Credit
Dec 2 60,000 60,000

Account Name: ANN REYES, DRAWINGS Account No. 32

Balance
Date Explanation P.R. Debit Credit
Debit Credit
Dec 29 12,000 12,000

Account Name: FEES EARNED Account No. 41

Balance
Date Explanation P.R. Debit Credit
Debit Credit
Dec 16 12,500 12,500
20 10,500 10,500
24 16,400 39,400
30 5,000 44,400
31 Adjustments 5,000 39,400

Account Name: SALARY EXPENSE Account No. 51

Balance
Date Explanation P.R. Debit Credit
Debit Credit
Dec 28 5,500 5,500

Account Name: ADVERTISING EXPENSE Account No. 53

Balance
Date Explanation P.R. Debit Credit
Debit Credit
Dec 22 3,600 3,600
31 Adjustments 2,400 1,200

Account Name: UTILITIES EXPENSE Account No. 54

Balance
Date Explanation P.R. Debit Credit
Debit Credit
Dec 27 1,500 1,500
Account Name: MISCELLANEOUS EXPENSE Account No. 59
Balance
Date Explanation P.R. Debit Credit
Debit Credit
Dec 18 1,000 1,000

Account Name: PREPAID ADVERTISING Account No. 14

Balance
Date Explanation P.R. Debit Credit
Debit Credit
Dec 31 2,400 2,400

Account Name: ACCUMULATED DEPRECIATION Account No. 19

Balance
Date Explanation P.R. Debit Credit
Debit Credit
Dec 31 Adjustments 625 625

Account Name: ACCRUED EXPENSES Account No. 22

Balance
Date Explanation P.R. Debit Credit
Debit Credit
Dec 31 Adjustments 4,000 4,000
600 4,600

Account Name: UNEARNED FEES Account No. 23

Balance
Date Explanation P.R. Debit Credit
Debit Credit
Dec 31 Adjustments 5,000 5,000

Account Name: RENT EXPENSE Account No. 52

Balance
Date Explanation P.R. Debit Credit
Debit Credit
Dec 31 Adjustments 4,000 4,000

Account Name: INSURANCE EXPENSE Account No. 55

Balance
Date Explanation P.R. Debit Credit
Debit Credit
Dec 31 Adjustments 500 500
Account Name: SUPPLIES EXPENSE Account No. 56
Balance
Date Explanation P.R. Debit Credit
Debit Credit
Dec 31 Adjustments 900 900

Account Name: DEPRECIATION EXPENSE Account No. 57

Balance
Date Explanation P.R. Debit Credit
Debit Credit
Dec 31 Adjustments 625 625

Account Name: INTEREST EXPENSE Account No. 61

Balance
Date Explanation P.R. Debit Credit
Debit Credit
Dec 31 Adjustments 600 600

Account Name: INCOME SUMMARY Account No. 34

Balance
Date Explanation P.R. Debit Credit
Debit Credit