Date Account Title and Explanation PR Debit Credit

a) Cash 23000
Office equipment 12000
E.Pense, Capital 35000
Investement by owner

b) Land 8000
Building 33000
Cash 15000
Notes Payable 26000
Purchased assets for cash and on credit

c) Office supplies 600

Account Payable 600
Purchased office supplies on credit

d) Automobile 7000
E. Pense, Capital 7000
Owner invested automobile

e) Office equipment 1100

Account Payable 1100
Purchase equipment on credit

f) Salaries Expense 800

Cash 800
Paid salaries with cash

g) Cash 2700
Fees Earned 2700
Cash collected for services rendered

h) Utilities Expense 430

Cash 430
Paid expenses using cash

i) Accounts Payable 600

Cash 600
Paid for goods and previously credited

j) Office Equipment 4000

Cash 4000
Purchased equipment for cash
k) Account recivable 2400
Fees Earned 2400
serices conduted on credit

l) Salaries Expenses 800

Cash 800
Paid salaries with cash

m) Cash 1000
Accounts Receivable 1000
Collected for services rendered

n) E. Pense, Withdrawal 1050

Cash 1050
Cash withdrew for personal use
Cash 101
Date Explanation PR
a) Investement by owner
b) Purchased assets for cash and on credit
f) Paid salaries with cash
g) Cash collected for services rendered
h) Paid expenses using cash
i) Paid for goods and previously credited
j) Purchased equipment for cash
l) Paid salaries with cash
m) Collected for services rendered
n) Cash withdrew for personal use

Accounts Receivable 106

Date Explanation PR
k) serices conduted on credit
m) Collected for services rendered

Office Supplies 108

Date Explanation PR
c) Purchased office supplies on credit

Office Equipment 163

Date Explanation PR
a) Investement by owner
e) Purchase equipment on credit
j) Purchased equipment for cash
Automobiles 164
Date Explanation PR
d) Owner invested automobile

Building 107
Date Explanation PR
b) Purchased assets for cash and on credit

Land 172
Date Explanation PR
b) Purchased assets for cash and on credit
 Accounts Payable 201
Debit Credit Balance Date Explanation PR
23000 23000 c) Purchased office supplies on credit
15000 8000 e) Purchase equipment on credit
800 7200 i) Paid for goods and previously credited
2700 9900
430 9470
600 8870
4000 4870
800 4070
1000 5070
1050 4020

Notes Payable 250

Debit Credit Balance Date Explanation PR
2400 2400 b) Purchased assets for cash and on credit
1000 1400

E. Pense, Capital 301

Debit Credit Balance Date Explanation PR
600 600 a) Investement by owner
d) Owner invested automobile

E. Pense Withdrawals 302

Debit Credit Balance Date Explanation PR
12000 12000 n) Cash withdrew for personal use
1100 13100
4000 17100
 Fees Earned 402
Debit Credit Balance Date Explanation PR
7000 7000 g) Cash collected for services rendered
k) serices conduted on credit

Salaries Expense 402

Debit Credit Balance Date Explanation PR
33000 33000 f) Paid salaries with cash
l Paid salaries with cash

Utilities Expense 602

Debit Credit Balance Date Explanation PR
8000 8000 h) Paid expenses using cash
Debit Credit Balance
600 600
1100 1700
600 1100

Debit Credit Balance

26000 26000

Debit Credit Balance

35000 35000
7000 42000

Debit Credit Balance

1050 1050
Debit Credit Balance
2700 2700
2400 5100

Debit Credit Balance

800 800
800 1600

Debit Credit Balance

430 430
 Trial Balance
Account Debit Credit
cash(101) 4020
Account Receivable(106) 1400
Office Supplies(108) 600
Office Equipment(163) 17100
Automobiles(164) 7000
Building(170) 33000
Land(172) 8000
Accounts Payable(201) 1100
Notes Payable(250) 26000
E. Pense, Capital(301) 42000
E. Pense, Withdrawals(302) 1050
Fees Earned(402) 5100
Salaries Expense(601) 1600
Utilities Expenses(602) 430
Total 74200 74200