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    Accounting Practice Set (Journal Ledger Trial Balance)

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    Yasmien Mae Valdescona
    This document is the general journal of Gumban's poultry business for April 2021. It records various transactions including investing cash and equipment, purchasing office equipment and supplies, issuing notes payable to purchase poultry supply, selling poultry products, paying expenses and salaries, making a partial payment on accounts payable, and receiving a partial payment on accounts receivable. The journal entries are then used to generate a trial balance as of April 1, 2021 that lists account balances for assets, liabilities, equity and expenses.

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    Accounting Practice Set (Journal Ledger Trial Balance)

    Uploaded by

    Yasmien Mae Valdescona
    24 views13 pages
    This document is the general journal of Gumban's poultry business for April 2021. It records various transactions including investing cash and equipment, purchasing office equipment and supplies, issuing notes payable to purchase poultry supply, selling poultry products, paying expenses and salaries, making a partial payment on accounts payable, and receiving a partial payment on accounts receivable. The journal entries are then used to generate a trial balance as of April 1, 2021 that lists account balances for assets, liabilities, equity and expenses.

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    Accounting_Practice_Set_(Journal_Ledger_Trial_Balance).xlsx

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    This document is the general journal of Gumban's poultry business for April 2021. It records various transactions including investing cash and equipment, purchasing office equipment and supplies, issuing notes payable to purchase poultry supply, selling poultry products, paying expenses and salaries, making a partial payment on accounts payable, and receiving a partial payment on accounts receivable. The journal entries are then used to generate a trial balance as of April 1, 2021 that lists account balances for assets, liabilities, equity and expenses.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    24 views13 pages

    Accounting Practice Set (Journal Ledger Trial Balance)

    Uploaded by

    Yasmien Mae Valdescona
    This document is the general journal of Gumban's poultry business for April 2021. It records various transactions including investing cash and equipment, purchasing office equipment and supplies, issuing notes payable to purchase poultry supply, selling poultry products, paying expenses and salaries, making a partial payment on accounts payable, and receiving a partial payment on accounts receivable. The journal entries are then used to generate a trial balance as of April 1, 2021 that lists account balances for assets, liabilities, equity and expenses.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 13

    GENERAL JOURNAL

    2021
    April 1

    April 10

    April 15

    April 20

    April 21

    April 22

    April 25

    April 26

    April 28
    April 30
    GENERAL JOURNAL
    Particular PR Debit
    Cash 2 5 0 0
    Factory Equipment 1 0 0 0
    Gumban, Capital
    To record invested cash and equipment

    Office Equipment 2 0 0
    Accounts Payable
    Cash
    To record purchased office equipment with down payment

    Poultry Supply 5 0
    Cash
    Notes Payable
    To record issued notes payable for balance

    Office Supplies 2 5
    Cash
    To record purchased office supplies

    Cash 4 5 0
    Gumban, Capital
    To record sold poultry products

    Accounts Payable 3 0
    Cash
    To record the partial payment made from his April 10 Transaction

    Transportation expense 5 0
    Utility expense 5 0
    Cash
    To record the paid expenses in cash

    Account Receivable 5 0 0
    Gumban, Capital
    To record sold poultry products evidence by invoice receipt

    Salaries and Wages 2 0 0


    Cash
    To record paid salaries and wages to workers
    Cash 3 0 0
    Accounts Receivables
    To record received partial collection of payment
    J-1
    Debit Credit
    0 0
    0 0
    3 5 0 0 0 0

    0 0
    5 0 0 0
    1 5 0 0 0

    0 0
    3 0 0 0
    2 0 0 0

    0 0
    2 5 0 0

    0 0
    4 5 0 0 0

    0 0
    3 0 0 0

    0 0
    0 0
    1 0 0 0 0

    0 0
    5 0 0 0 0

    0 0
    2 0 0 0 0
    0 0
    3 0 0 0 0
    Cash
    2021 Particulars F Debit Amount
    April 1 2 5 0 0 0 0 April 10
    April 21 4 5 0 0 0 April 15
    April 30 3 0 0 0 0 April 20
    April 22
    April 25
    April 28

    Accounts Receivable
    Particulars F Debit Amount
    April 26 5 0 0 0 0 April 30

    Office Equipment
    Particulars F Debit Amount
    April 10 2 0 0 0 0

    Factory Equipment
    Particulars F Debit Amount
    April 1 1 0 0 0 0 0

    Poultry Supply
    Particulars F Debit Amount
    April 15 5 0 0 0
    Office Supply
    Particulars F Debit Amount
    April 20 2 5 0 0

    Accounts Payable
    Particulars F Debit Amount
    April 22 3 0 0 0 April 10

    Notes Payable
    Particulars F Debit Amount
    April 15

    Gumban, Capital
    Particulars F Debit Amount
    April 1
    April 21
    April 26

    Transportation Expense
    Particulars F Debit Amount
    April 25 5 0 0 0

    Utility Expense
    Particulars F Debit Amount
    April 25 5 0 0 0

    Salaries and Wages


    Particulars F Debit Amount
    March 28 2 0 0 0 0

    Particulars F Debit Amount


    Particulars F Credit Amount
    1 5 0 0 0
    3 0 0 0
    2 5 0 0
    1 0 0 0 0
    2 0 0 0 0

    Particulars F Credit Amount


    3 0 0 0 0

    Particulars F Credit Amount

    Particulars F Credit Amount

    Particulars F Credit Amount


    Particulars F Credit Amount

    Particulars F Credit Amount


    5 0 0 0

    Particulars F Credit Amount


    2 0 0 0

    Particulars F Credit Amount


    3 5 0 0 0 0
    4 5 0 0 0
    5 0 0 0 0

    Particulars F Credit Amount


    Particulars F Credit Amount

    Particulars F Credit Amount

    Particulars F Credit Amount


    ALL ABOUT POULTRY
    TRIAL BALANCE
    April 1,2021
    Cash 271,500
    Accounts Receivable 20,000
    Office Equipment 20,000
    Factory Equipment 100,000
    Poultry Supply 5,000
    Office Supply 2,500
    Accounts Payable 2,000
    Notes Payable 2,000
    Gumban, Capital 445,000
    Transportation Expense 5,000
    Utility Expense 5,000
    Salaries and Wages 20,000

    TOTAL 449,000 449,000

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