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MACUD Journalizing Financial Transaction
MACUD Journalizing Financial Transaction
MACUD Journalizing Financial Transaction
BSA - 1B
1. GENERAL JOURNAL
General Journal
Date Account Title and Explanation PR Credit Debit
March 1 Cash 10,000
James Reid Capital 10,000
Cast Investment Capital of Mr. James Reid
2. T-ACCOUNTS
Cash
9 1,900.00 6 3,000.00
14 3,200.00 7 8,000.00
22 4,250.00 23 500.00
30 12,000.00 25 7,000.00
29 1,500.00
31 3,500.00
31,350 23,870.00
Balance 7,480.00
Accounts Receivable
15 3,400.00
7,650.00
Balance 3,400.00
Supplies
March 7 1,500.00
March 6 3,000.00
Equipments
March 7 16,000.00
Accounts Payable
7 1,500.00
9,500.00
Balance 9,000.00
Loan Payable
March 30 12,000.00
Reid,Capital
March 1 10,000.00
14 3,200.00
Balance 13,200.00
Reid, Drawing
March 25 7,000.00
Service Income
March 9 1,900.00
12 4,250.00
15 3,400.00
Balance 9,550.00
March 5 370.00
Rent Expense
March 29 1,500.00
Salaries Expense
March 31 3,500.00
3. TRIAL BALANCE
Cash 7,480.00
Supplies 1,500.00
Equipment 16,000.00
Assets
Cash P 7,480.00
Supplies 1,500.00
Equipment 16,000.00
Total P 31,380.00
Liabilities and Owner’s Equity
Total P 31,380.00
Less:Operating Expense
Registration and Lincense Expense 370.00
Rent Expense 1,500.00
Salaries Expense 3,500.00 5,370.00
Net Income 4,180.00
BEGINNING CASH 0
ENDING CASH 7,480.00