Villanueva Painting Company

GENERAL JOURNAL PAGE 1

Date Description Ref. Debit Credit

April Cash 101

P 71,000.00
02
Painting Equipment 301 12,300.00
Villanueva, Capital 83,000.00
To record investment of Villanueva.

03 Service Vehicle 106 80,000.00

Cash 101 30,000.00
Notes Payable 50,000.00
To record acquired service vehicle.

04 Painting Supplies 103 3,200.00

Accounts Payable 202 3,200.00
To record painting supplies on account.

05 Accounts Receivable 102 4,800.00

Painting Revenue 401 4,800.00

To record service rendered on account.

07 Cash 101 1,500.00

Painting Revenue 401 1,500.00
To record service revenue

10 Painting Supplies 103 1,600.00

Cash 101 1,600.00
To record purchased painting supplies

11 Cash 101 4,800.00

Accounts Receivable 4,800.00

To record payment from customer on
April 5.

12 Prepaid Insurance 104 4,000.00

Cash 101 4,000.00

To record payment of insurance.

13 Accounts Receivable 102 6,200.00

Painting Revenue 401 6,200.00
To records service rendered on account

This study source was downloaded by 100000842372073 from CourseHero.com on 02-25-2022 09:23:54 GMT -06:00

https://www.coursehero.com/file/71086210/Winnie-Villanueva-Companydocx/
 GENERAL JOURNAL PAGE 2
Date Description Ref. Debit Credit

April Wages Expense 501

1,500.00
14
Cash 101 1,500.00
To record payment to assistant

15 Maintenance Expense 503 400.00

Cash 101 400.00
To record payment for maintenance.

18 Accounts Payable 202 3,200.00

Cash 101 3,200.00
To record payment of painting supplies.

20 Painting Equipment 105 6,000.00

Painting Supplies 103 2,900.00

Accounts Payable 202 8,400.00
To record purchase on account.

22 Utilities Expense 502 600.00

Accounts Payable 202 600.00
To record telephone bill on account.

23 Cash 101 3,300.00

Accounts Receivable 102 3,300.00
To record payment of customer.

24 Villanueva, Withdrawals 302 3,000.00

Cash 101 3,000.00
To record withdrawals of Villanueva.

25 Cash 101 3,600.00

Painting Revenue 401 3,600.00
To record service rendered.

27 Notes Payable 201 2,000.00

Cash 101 2,000.00
To record the balance for the service
vehicle.

This study source was downloaded by 100000842372073 from CourseHero.com on 02-25-2022 09:23:54 GMT -06:00

https://www.coursehero.com/file/71086210/Winnie-Villanueva-Companydocx/
 29 Wages Expense 503 1,800.00
Cash 101 1,800.00
To record the payment to assistant

ACCOUNT NO: 101 CASH

Balance
Date Items Ref Debit Credit Debit Credit
.

Apr 02 Beginning balance. J-1 P

il 71,000.00 71,000.00
03 Service vehicle. J-1 P
50,000.00 21,000.00
07 Service rendered. J-1 1,500.00 22,500.00
10 Painting supplies. J-1 1,600.00 20,900.00
11 Payment from customer J-1 4,800.00 25,700.00
12 Insurance wage. J-1 4,000.00 21,700.00
14 Wages expense J-2 1,500.00 20,200.00
15 Maintenance expense. J-2 400.00 19,800.00
18 Painting supplies J-2 3,200.00 16,600.00
23 Payment of customer J-2 3,300.00 19,900.00
24 Withdrawal J-2 3,000.00 16,900.00
25 Service Rendered. J-2 3,600.00 20,500.00
27 Service Vehicle J-2 2,000.00 18,500.00
29 Payment to assistant J-2 1,800.00 16,700.00
P
16,700.00

ACCOUNT NO. 102 ACCOUNTS RECEIVABLE

Balance
Date Items Ref Debit Credit Debit Credit
.

April 5 Service rendered. J-1 P

P 4,800.00 4,800.00
1 Payment from customer. J-1 P 0.00
1 4,800.00
1 Service rendered. J-2 6,200.00
3 6,200.00
2 Payment from customer. J-2 2,900.00
3 3,300.00
P 2,900.00

This study source was downloaded by 100000842372073 from CourseHero.com on 02-25-2022 09:23:54 GMT -06:00

https://www.coursehero.com/file/71086210/Winnie-Villanueva-Companydocx/
 ACCOUNT NO. 103 PAINTING SUPPLIES
Balance
Date Items Ref Debit Credit Debit Credit
.
2020
April 0 Purchased supplies. J-1 P P
l 4 3,200.00 3,200.00
1 Purchased supplies. J-1 1,600.00 4,800.00
0
2 Purchased supplies. J-2 2,900.00 7,700.00
0
P
7,700.00

ACCOUNT NO. 104 PREPAID INSURANCE

Balance
Date Items Ref Debit Credit Debit Credit
.
Apri 12 Payment of insurance. J-1
l P 4,000.00 P 4,000.00
P 4,000.00

ACCOUNT NO. 105 PAINTING EQUIPMENT

Balance
Date Items Ref Debit Credi Debit Credit
. t
April Investment of Villanueva J-1 P P
2 12,300.00 12,300.00
20 Purchased painting equipment. J-2 6,000.00 18,300.00
P
18,300.00

ACCOUNT NO. 106 SERVICE VEHICLE

Balance
Date Items Ref Debit Credit Debit Credit
.
April Acquired service vehicle. J-1 P P
03 80,000.00 80,000.00
P
80,000.00

This study source was downloaded by 100000842372073 from CourseHero.com on 02-25-2022 09:23:54 GMT -06:00

https://www.coursehero.com/file/71086210/Winnie-Villanueva-Companydocx/
 ACCOUNT NO. 201 NOTES PAYABLE
Balance
Date Items Ref Debit Credit Debit Credit
.
April Acquired vehicle. J-1 P
03 30,000.00 P 30,000.00
27 Balance for acquired J-2
vehicle. 2,000.00 28,000.00
28,000.00

ACCOUNT NO. 202 ACCOUNTS PAYABLE

Balance
Date Items Ref. Debit Credit Debit Credit
April Purchased supplies on P P
J-1
04 account. 3,200.00 3,200.00
18 Payment of supplies. J-2 3,200.00 0.00
20 Supplies equipment J-2 8,900.00 8,900.00
22 Bill on account. J-2 600.00 9,500.00
P
9,500.00

ACCOUNT NO. 301 VILLANUEVA, CAPITAL

Balance
Date Items Ref Debit Credit Debit Credit
.
April Investment of Villanueva P P
J-1
02 83,000.00 83,000.00
P
83,000.00

ACCOUNT NO. 302 VILLANUEVA, WITHDRAWALS

Balance
Date Items Ref Debit Credit Debit Credit
.

This study source was downloaded by 100000842372073 from CourseHero.com on 02-25-2022 09:23:54 GMT -06:00

https://www.coursehero.com/file/71086210/Winnie-Villanueva-Companydocx/
 April Withdrawal of Villanueva J-2 P
24 3,000.00 P 3,000.00
P 3,000.00

ACCOUNT NO. 401 PAINTING REVENUE

Balance
Date Items Ref Debit Credit Debit Credit
.
April Service rendered. P
J-1
05 4,800.00 P 4,800.00
07 Service rendered. J-1 1,500.00 6,300.00
13 Service rendered. J-1 6,200.00 12,500.00
25 Service rendered. J-2 3,600.00 16,100.00
P
16,100.00

ACCOUNT NO. 501 WAGES EXPENSE

Balance
Date Items Ref Debit Credit Debit Credit
.
April Payment to assistant. P P 1,500.00
J-2
14 1,500.00
29 Payment to assistant. J-2 1,800.00 3,300.00
P 3,300.00

ACCOUNT NO. 502 UTILITIES EXPENSE

Balance
Date Items Ref Debit Credit Debit Credit
.
April Telephone bill
J-2
22 P 600.00 P 600.00
P 600.00

ACCOUNT NO. 503 MAINTENANCE EXPENSE

Balance
Date Items Ref Debit Credit Debit Credit
.
April Payment for
J-2
15 maintenance. P 400.00 P 400.00
P 400.00

WINNIE VILLANUEVA

This study source was downloaded by 100000842372073 from CourseHero.com on 02-25-2022 09:23:54 GMT -06:00

https://www.coursehero.com/file/71086210/Winnie-Villanueva-Companydocx/
 UNADJUSTED TRIAL BALANCE
APRIL 30
Debit Credit
Cash P 16,700
Accounts Receivable 2,900
Painting Supplies 7,700
Prepaid Insurance 4,000
Painting Equipment 18,300
Service Vehicle 80,000
Notes Payable P 28,000
Accounts Payable 9,500
Villanueva, Capital 83,300
Villanueva, Withdrawals 3,000
Painting Revenues 16,100
Wages Expense 3,300
Utilities Expense 600
Maintenance Expense 400
TOTAL P 136,900 P 136,900

This study source was downloaded by 100000842372073 from CourseHero.com on 02-25-2022 09:23:54 GMT -06:00

https://www.coursehero.com/file/71086210/Winnie-Villanueva-Companydocx/

Powered by TCPDF (www.tcpdf.org)