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    Dương Thanh Uyên K204090478 P3.2 Chapter 4

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    The document contains journal entries recording transactions for various expense and revenue accounts over multiple pages. The transactions include allocating prepaid insurance to an insurance expense account, recording unused supplies as an expense, calculating depreciation expense for buildings and equipment, accruing interest expense on a mortgage, recognizing unearned revenue, and accruing salaries and wages expense for unpaid salaries. The journal entries debit expense accounts and credit related asset or liability accounts.

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    Dương Thanh Uyên K204090478 P3.2 Chapter 4

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    The document contains journal entries recording transactions for various expense and revenue accounts over multiple pages. The transactions include allocating prepaid insurance to an insurance expense account, recording unused supplies as an expense, calculating depreciation expense for buildings and equipment, accruing interest expense on a mortgage, recognizing unearned revenue, and accruing salaries and wages expense for unpaid salaries. The journal entries debit expense accounts and credit related asset or liability accounts.

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    The document contains journal entries recording transactions for various expense and revenue accounts over multiple pages. The transactions include allocating prepaid insurance to an insurance expense account, recording unused supplies as an expense, calculating depreciation expense for buildings and equipment, accruing interest expense on a mortgage, recognizing unearned revenue, and accruing salaries and wages expense for unpaid salaries. The journal entries debit expense accounts and credit related asset or liability accounts.

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    4 views58 pages

    Dương Thanh Uyên K204090478 P3.2 Chapter 4

    Uploaded by

    Thanh Uyên
    The document contains journal entries recording transactions for various expense and revenue accounts over multiple pages. The transactions include allocating prepaid insurance to an insurance expense account, recording unused supplies as an expense, calculating depreciation expense for buildings and equipment, accruing interest expense on a mortgage, recognizing unearned revenue, and accruing salaries and wages expense for unpaid salaries. The journal entries debit expense accounts and credit related asset or liability accounts.

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    of 58

    GENERAL JOURNAL Page 1

    Date Account Titles and Explanation P.R. Debit Credit


    1 Insurance expenses 722 200
    Prepaid insurance 130 200

    2 Supplies expenses 631 1,808


    Supplies 126 1808

    3 Depreciation expenses 619 425


    Accumulated depreciation-building 142 300
    Accumulated depreciation-equipment 150 125

    4 Interest expenses 718 202.39


    Interest payable 230 202.39

    5 Unearned revenue 208 2200


    Revenue 429 2200

    6 Salaries and wages expenses 726 1228


    Salaries and wages payable 212 1228

    GENERAL JOURNAL Page 2

    Date Account Titles and Explanation P.R. Debit Credit


    GENERAL JOURNAL Page 3

    Date Account Titles and Explanation P.R. Debit Credit


    GENERAL JOURNAL Page 4

    Date Account Titles and Explanation P.R. Debit Credit


    GENERAL JOURNAL Page 5

    Date Account Titles and Explanation P.R. Debit Credit


    GENERAL JOURNAL Page 6

    Date Account Titles and Explanation P.R. Debit Credit


    GENERAL JOURNAL Page 7

    Date Account Titles and Explanation P.R. Debit Credit


    GENERAL JOURNAL Page 8

    Date Account Titles and Explanation P.R. Debit Credit


    GENERAL JOURNAL Page 9

    Date Account Titles and Explanation P.R. Debit Credit


    GENERAL JOURNAL Page 9

    Date Account Titles and Explanation P.R. Debit Credit


    GENERAL JOURNAL Page 10

    Date Account Titles and Explanation P.R. Debit Credit


    Insurance expense code:722 Prepaid insurance
    DATE EXPLANTION PR Debit Credit Balance DATE
    opening balance 0
    1-May Allocate prepaid insurance for expensGJ1 200 200 1-May

    Supplies expense code: 631 Supplies


    DATE EXPLANTION PR Debit Credit Balance DATE
    opening balance 0
    2-May Unused supplies GJ1 1,808 1,808 2-May

    Depreciation expense code: 619 Accumulated Deprec


    DATE EXPLANTION PR Debit Credit Balance DATE
    Opening balance 0
    3-May Annual depreciation on building and GJ1 425 425 3-May
    Accumulated depreciatio_equipment code: 150 Interest expense
    DATE EXPLANTION PR Debit Credit Balance DATE
    Opening balance 0
    3-May Annual depreciation on building and GJ1 125 125 4-May

    Interest payable code: 230 Unearned rent revenu


    DATE EXPLANTION PR Debit Credit Balance DATE
    Opening balance 0
    4-May Took out a mortgage GJ1 202.39 202.39 5-May

    Rent revenue code: 429 Salaries and wages expe


    DATE EXPLANTION PR Debit Credit Balance DATE
    Opening balance 0
    5-May Allocate unearned revenue GJ1 2200 2200 6-May

    Salaries and wades payable code: 212


    DATE EXPLANTION PR Debit Credit Balance DATE
    Opening balance 0
    6-May Unpaied salaries GJ1 1228 1228

    Cash
    DATE EXPLANTION PR Debit Credit Balance DATE
    Cash
    DATE EXPLANTION PR Debit Credit Balance DATE

    Cash
    DATE EXPLANTION PR Debit Credit Balance DATE

    Cash
    DATE EXPLANTION PR Debit Credit Balance DATE
    Cash
    DATE EXPLANTION PR Debit Credit Balance DATE

    Cash
    DATE EXPLANTION PR Debit Credit Balance DATE
    Cash
    DATE EXPLANTION PR Debit Credit Balance DATE

    Cash
    DATE EXPLANTION PR Debit Credit Balance DATE

    Cash
    DATE EXPLANTION PR Debit Credit Balance DATE
    Cash
    DATE EXPLANTION PR Debit Credit Balance DATE

    Cash
    DATE EXPLANTION PR Debit Credit Balance DATE
    Cash
    DATE EXPLANTION PR Debit Credit Balance DATE
    Prepaid insurance code: 130
    EXPLANTION PR Debit Credit Balance
    opening balance 0
    Allocate prepaid insurance for expenGJ1 200 -200

    Supplies Code: 126


    EXPLANTION PR Debit Credit Balance
    opening balance 0
    Unused supplies GJ1 1,808 -1,808

    Accumulated Depreciation_Building code: 142


    EXPLANTION PR Debit Credit Balance
    Opening balance 0
    Annual depreciation on building an GJ1 300 300
    terest expense code: 718
    EXPLANTION PR Debit Credit Balance
    Opening balance 0
    Took out a mortgage GJ1 202.39 202.39

    Unearned rent revenue code: 208


    EXPLANTION PR Debit Credit Balance
    Opening balance 0
    Allocate unearned revenue GJ1 2200 -2200

    aries and wages expense code: 726


    EXPLANTION PR Debit Credit Balance
    Opening balance 0
    Unpaied salaries GJ1 1228 1228

    Cash
    EXPLANTION PR Debit Credit Balance

    Cash
    EXPLANTION PR Debit Credit Balance
    Cash
    EXPLANTION PR Debit Credit Balance

    Cash
    EXPLANTION PR Debit Credit Balance

    Cash
    EXPLANTION PR Debit Credit Balance
    Cash
    EXPLANTION PR Debit Credit Balance

    Cash
    EXPLANTION PR Debit Credit Balance
    Cash
    EXPLANTION PR Debit Credit Balance

    Cash
    EXPLANTION PR Debit Credit Balance

    Cash
    EXPLANTION PR Debit Credit Balance
    Cash
    EXPLANTION PR Debit Credit Balance

    Cash
    EXPLANTION PR Debit Credit Balance
    Cash
    EXPLANTION PR Debit Credit Balance
    A.R SUBSIDIARY LEDGER
    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE

    A.R SUBSIDIARY LEDGER


    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE

    A.R SUBSIDIARY LEDGER


    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE

    A.R SUBSIDIARY LEDGER


    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE

    A.R SUBSIDIARY LEDGER


    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE
    A.R SUBSIDIARY LEDGER
    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE

    A.R SUBSIDIARY LEDGER


    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE

    A.R SUBSIDIARY LEDGER


    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE

    A.R SUBSIDIARY LEDGER


    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE

    A.R SUBSIDIARY LEDGER


    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE

    A.R SUBSIDIARY LEDGER


    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE

    A.R SUBSIDIARY LEDGER


    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE

    A.R SUBSIDIARY LEDGER


    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE

    A.R SUBSIDIARY LEDGER


    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE
    A.R SUBSIDIARY LEDGER
    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE
    A.P SUBSIDIARY LEDGER
    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE

    A.P SUBSIDIARY LEDGER


    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE

    A.P SUBSIDIARY LEDGER


    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE

    A.P SUBSIDIARY LEDGER


    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE

    A.P SUBSIDIARY LEDGER


    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE
    A.P SUBSIDIARY LEDGER
    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE

    A.P SUBSIDIARY LEDGER


    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE

    A.P SUBSIDIARY LEDGER


    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE

    A.P SUBSIDIARY LEDGER


    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE

    A.P SUBSIDIARY LEDGER


    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE

    A.P SUBSIDIARY LEDGER


    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE

    A.P SUBSIDIARY LEDGER


    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE

    A.P SUBSIDIARY LEDGER


    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE

    A.P SUBSIDIARY LEDGER


    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE
    A.P SUBSIDIARY LEDGER
    NAME OF CUSTOMERS: ____________
    DATE PR DEBIT CREDIT BALANCE
    Trial Balance (ADJUSTED)

    ACCOUNTS TITLES Debit


    CASH 3878
    SUPPLIES 750
    PREPAID INSURANCE 2200
    LAND 12000
    BUILDING 60000
    EQUIPMENT 14000
    ACCUMULATED DEPRECIATION-BUILDING
    ACCUMULATED DEPRECIATION-EQUIPMENT
    ACCOUNTS PAYABLE
    SALARIES AND WAGES PAYABLE
    INTEREST PAYALE
    UNEARNED RENT REVENUE
    MORTGAGE PAYABLE
    SHARE CAPITAL-ORDINARY
    DIVIDENTS 1000
    RENT REVENUE
    ADVERTISING EXPENSES 600
    SALARIES AND WAGES EXPENSES 4528
    UTILITIES EXPENSES 900
    INTEREST EXPENSES 202
    DEPRECIATION EXPENSES 425
    SUPPLIES EXPENSES 1808
    INSURANCE EXPESES 200
    102491

    Trial Balance (UNADJUSTED)

    ACCOUNTS TITLES Debit


    CASH $3,878
    SUPPLIES 2,558
    PREPAID INSURANCE 2,400
    LAND 12,000
    BUILDING 60000
    EQUIPMENT 14,000
    ACCOUNTS PAYABLE
    UNEARNED RENT REVENUE
    MORTGAGE PAYABLE
    SHARE CAPITAL-ORDINARY
    DIVIDENTS 1000
    RENT REVENUE
    ADVERTISING EXPENSES 600
    SALARIES AND WAGES EXPENSES 3,300
    UTILITIES EXPENSES 900
    total balance $100,636

    Trial Balance

    Debit
    Trial Balance

    Debit
    Trial Balance

    Debit
    )

    Credit

    300
    125
    5178
    1228
    202
    1100
    40478
    41858

    12500

    102969

    D)

    Credit
    $4,700
    3300
    40,478
    41,858

    10,300

    100,636

    Credit
    Credit
    Credit
    Unadjusted TB (2)
    Account titles (1) Debit Credit
    CASH 3,878
    SUPPLIES 2,558
    PREPAID INSURANCE 2,400
    LAND 12,000
    BUILDING 60,000
    EQUIPMENT 14,000
    ACCUMULATED DEPRECIATION-BUILDING - -
    ACCUMULATED DEPRECIATION-EQUIPMENT - -
    ACCOUNTS PAYABLE 4,700
    SALARIES AND WAGES PAYABLE - -
    INTEREST PAYALE
    UNEARNED RENT REVENUE 3,300
    MORTGAGE PAYABLE 40,478
    SHARE CAPITAL-ORDINARY
    41,858
    DIVIDENDS 1,000
    RETAINED EARNINGS - -
    INCOME SUMMARY
    - -
    RENT REVENUE 10,300
    ADVERTISING EXPENSES 600
    SALARIES AND WAGES EXPENSES 3,300
    UTILITIES EXPENSES 900
    INTEREST EXPENSES - -
    DEPRECIATION EXPENSES - -
    SUPPLIES EXPENSES - -
    INSURANCE EXPESES - -
    SUB TOTAL 100,636 100,636
    NET INCOME/LOSS
    FINAL TOTAL
    INCOME STATEMENT
    ABC COMPANY
    FOR THE MONTH ENDED NOVEMBER 30
    RENT REVENUE 12,500
    ADVERTISING EXPENSES 600
    SALARIES AND WAGES EXPENSES 4,528
    UTILITIES EXPENSES 900
    INTEREST EXPENSES 202
    DEPRECIATION EXPENSES 425
    SUPPLIES EXPENSES 1,808
    INSURANCE EXPESES 200

    NET INCOME 3,837

    RETAINED EARNINGS STATEMENT


    ABC COMPANY
    FOR THE MONTH ENDED NOVEMBER 30
    RE, opening -
    Plus: (phát sinh tăng)
    Net income 3,837
    Minus (phát sinh giảm):
    Dividends 1,000
    RE, ending 2,837

    STATEMENT OF FINANCIAL POSITION


    ABC COMPANY
    AT THE MONTH ENDED NOVEMBER 30
    ASSETS:
    CASH 3,878
    SUPPLIES 750
    PREPAID INSURANCE 2,200
    LAND 12,000
    BUILDING 60,000
    EQUIPMENT 14,000
    ACCUMULATED DEPRECIATION-BUILDING (300)
    ACCUMULATED DEPRECIATION-EQUIPMENT (125)
    Total assets 92,403
    Equity & Liabilities
    Share capital 41,858
    RE 3,837
    ACCOUNTS PAYABLE 4,700
    SALARIES AND WAGES PAYABLE 1,228
    INTEREST PAYALE 202
    UNEARNED RENT REVENUE 1,100
    MORTGAGE PAYABLE 40,478
    Total E&L 92,403
    WORKSHEET

    Adjustments (3) Adjusted TB (4)


    Debit Credit Debit Credit
    3,878
    1,808 750
    200 2,200
    12,000
    60,000
    14,000
    300 300
    125 125
    4,700
    1,228 1,228
    202 202
    2,200 1,100
    40,478

    41,858
    1,000
    -
    -
    -
    2,200 12,500
    600
    1,228 4,528
    900
    202 202
    425 425
    1,808 1,808
    200 200
    6,063 6,063 102,491 102,491
    (MÔ TẢ BIẾN ĐỘNG CỦA TK RETAINED EARNINGS)
    WORKSHEET

    Income statement (5) BS and Stmt Of Owner’s Equity (6)


    Debit Credit Debit
    3,878
    750
    2,200
    12,000
    60,000
    14,000

    1,000

    12,500
    600
    4,528
    900
    202
    425
    1,808
    200
    8,663 12,500
    3,837
    12,500 12,500 93,828
    POST-CLOSING TB
    ABC COMPANY
    FOR THE MONTH ENDED NOVEMBER 30
    CASH 3,878
    SUPPLIES 750
    PREPAID INSURANCE 2,200
    LAND 12,000
    BUILDING 60,000
    EQUIPMENT 14,000
    ACCUMULATED DEPRECIATION-BUILDING 300
    ACCUMULATED DEPRECIATION-EQUIPMENT
    125
    ACCOUNTS PAYABLE 4,700
    SALARIES AND WAGES PAYABLE - 1,228
    INTEREST PAYALE 202
    UNEARNED RENT REVENUE 1,100
    MORTGAGE PAYABLE 40,478
    Share capital 41,858
    RE 3,837
    TOTAL 92,828 93828
    Stmt Of Owner’s Equity (6) Closing entries (7) Post-closing TB (8)
    Credit Debit Credit Debit Credit
    3,878
    750
    2,200
    12,000
    60,000
    14,000
    300 300
    125 125
    4,700 4,700
    1,228 1,228
    202 202
    1,100 1,100
    40,478 40,478

    41,858 41,858
    1,000
    3,837 3,837
    8,663 12,500 -
    3,837
    12,500 -
    600 -
    4,524 -
    900 -
    200 -
    425 -
    1,256 -
    200 -
    93,828 93,828
    3,837
    93,828
    CLOSING ENTRIES:
    At the end of period, we have to book closing entries to close temporary accounts
    Why? Because all temporary accounts have to closed to 0 before open for
    the new period
    How many temporary accounts? 1/ Revenues, 2/ Expenses, 3/ Dividends, 4/ Income summary
    how to book closing entries?
    Step 1: Close revenues accounts into Income summary
    Dr rent Revenues 12,500
    Cr Income summary 12,500

    Step 2: Close expenses accounts into Income summary:


    Dr Income Summary 8,663
    ADVERTISING EXPENSES 600
    SALARIES AND WAGES EXPENSES
    4,528
    UTILITIES EXPENSES 900
    INTEREST EXPENSES 202
    DEPRECIATION EXPENSES 425
    SUPPLIES EXPENSES 1,808
    INSURANCE EXPESES 200
    Step 3: Close Income summary:
    Dr Income Summary 3,837
    Cr Retained earnings 3,837
    Step 4: Close Dividends:
    Dr Retained earnings 0
    Cr Dividends

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