Date/April

2
3

11

12

17

21

30

30

30
 General Journal

Account Ref Debit Credit

Cash $ 30,000
Equipment $ 14,000
Kai Edo Capital $ 44,000
No Entry
Supplies $ 700
Account Payable $ 700
Rent Expense $ 600
cash $ 600
Account Receivable $ 1,100
Service Revenue $ 1,100
Cash $ 3,200
Unearned servise revenue $ 3,200
Cash $ 2,300
Service Revenue $ 2,300
Insurance Expense $ 110
cash $ 110
Salaries and Wages Expense $ 1,600
cash $ 1,600
Supplies Expense $ 120
Supplies $ 120
Equipment $ 5,100
Kai Edo Capital $ 5,100
TOTAL $ 58,830 $ 58,830
 Scarlatti Corporation
Trial Balance
30-Apr-19
Debit Credit
Cash $ 5,992
Account Receivable $ 4,970
Supplies $ 2,967
Equipment $ 8,000
Account Payable $ 7,044
Share Capital Ordinary $ 8,000
Retained Earnings $ 2,000
Service Revenue $ 7,305
Office Expense $ 2,420
TOTAL $ 24,349 $ 24,349
A)
DATE
31-Aug

31

31

31

31

31

31

31

B)
 EXPLANATION DEBIT CREDIT
Insurance Expense (4.500 x 3/12) ¥ 1,125
Prepaid Insurance ¥ 1,125
Supplies Expense (2.600 - 650) ¥ 1,950
Supplies ¥ 1,950
Depreciation Expense ¥ 1,080
Accumulated Depreciation Building ¥ 1,080
Depreciation Expense ¥ 360
Accumulated Depreciation Equipment ¥ 360
Unearned Rent Revenue ¥ 3,800
Rent Revenue ¥ 3,800
Salaries and Wages Expense ¥ 375
Salaries and Wages Payable ¥ 375
Account Receivable ¥ 800
Rent Revenue ¥ 800
Interest Expense ¥ 1,000
Interest Payable ¥ 1,000
TOTAL ¥ 10,490 ¥ 10,490

UHURA RESORT
Adjusted Trial Blance
31-Aug-19
Account Debit Credit
Cash ¥ 19,600
Account Receivable ¥ 800
Prepaid Insurance ¥ 3,375
Supplies ¥ 650
Land ¥ 20,000
Building ¥ 120,000
Accumulated Depreciation Building ¥ 1,080
Equipment ¥ 16,000
Accumulated Depreciation Equipment ¥ 360
Account Payable ¥ 4,500
Unearned Rent Revenue ¥ 800
Salaries and Wages Payable ¥ 375
Interest Payable ¥ 1,000
Mortgage Payable ¥ 50,000
Share Capital Ordinary ¥ 100,000
Dividens ¥ 5,000
Rent Revenue ¥ 90,800
Salaries and Wages Expense ¥ 45,175
Utilities Expense ¥ 9,200
Maintenance and Repair Expense ¥ 3,600
Insurance Expense ¥ 1,125
Supplies Expense ¥ 1,950
Depreciation Expense ¥ 1,080
Depreciation Expense ¥ 360
Interest Expense ¥ 1,000
¥ 248,915 ¥ 248,915
 Account
Sales Revenue
Sales Discount
Sales Return and Allowance
Net Sales
Inventory

less : COGS
Gross Profit

Expense :
Selling Expense
Admistration Expense
Income Expense
Total Expense
Net Income

DATE
31-Dec

31

31

31
 Alistair Co
Income Statement
December, 31 2019
Account Dr Cr
Sales Revenue $ 390,000
Sales Discount $ 15,000
Sales Return and Allowance $ 12,000 $ (27,000)
Net Sales $ 363,000
Inventory $ 60,000
$ 432,000
less : COGS $ 235,700
Gross Profit $ 187,300

Expense :
Selling Expense $ 16,000
Admistration Expense $ 38,000
Income Expense $ 30,000
Total Expense $ 84,000
Net Income $ 103,300

Alistair Co
Closing Journal
December, 31 2019
DATE EXPLANATION DEBIT CREDIT
31-Dec Sales Revenue $ 390,000
Income summary $ 390,000

31 Income summary $ 346,700

Sales Return and Allowance $ 12,000
Sales Discount $ 15,000
COGS $ 235,700
Selling Expense $ 16,000
Admistration Expense $ 38,000
Income Tax Expense $ 30,000

31 Income Summary $ 18,000

Dividens $ 18,000
31 Income Summary $ 103,300
Retained Earning $ 103,300

TOTAL $ 858,000 $ 858,000

A)

NO
1,

B)

NO
1,

4
 Constatine
Adjusting Entry
December, 31 2019
NO EXPLANATION DEBIT CREDIT
1, Insurance Expense ₺ 1,250
Preapid Insurance ₺ 1,250
2 Rent Revenue ₺ 800
Unearned Revenue ₺ 800
3 Adverstising Supplies ₺ 290
Adverstising Expense ₺ 290
4 Interest Expense ₺ 770
Notes Payable ₺ 770

Constatine
Reversing Entry
1-Jan
NO EXPLANATION DEBIT CREDIT
1, No Reversing Entry Require ₺ -
₺ -
2 Unearned Revenue ₺ 800
Rent Revenue ₺ 800
3 Adverstising Expense ₺ 290
Adverstising Supplies ₺ 290
4 Notes Payable ₺ 770
Interest Expense ₺ 770