Samira Mellaneo

General Journal
Date Account Ref. Debit Credit
1-Jan Cash $ 23,500
Capital Stock $ 23,500
Transfer of cash for capital stock
6-Jan Rent Expense $ 4,000
Cash $ 4,000
Rent paid on office equipment
10-Jan Supplies $ 1,800
Accounts Payable $ 1,800
Supplies purchased
12-Jan Accounts Payable $ 650
Cash $ 650
Payment to creditors
14-Jan Cash $ 16,750
Sales Commission $ 16,750
Cash received for sales commission earned
18-Jan Auto-mobile Expense $ 1,000
Cash $ 1,000
Payment for automobile expenses
including rental charge
18-Jan Miscellaneous Expense $ 800
Cash $ 800
Payment for miscellaneous expenses
19-Jan Supplies $ 8,500
Accounts Payable $ 8,500
Purchase of office equipment
23-Jan Office Salaries Expense $ 2,150
Cash $ 2,150
Payment for office salaries
25-Jan Utilities Expense $ 7,800
Cash $ 7,800
Payment for utilities expense
28-Jan Supplies Expense $ 1,500
Supplies $ 1,500
Cost of supplies used
30-Jan Accounts Receivable $ 37,000
Sales Commission $ 37,000
Sales commissions earned and billed
31-Jan Dividends $ 5,600
Cash $ 5,600
Dividends paid
Total $ 111,050 $ 111,050
Samira Mellaneo

Cash Accounts Recieveable Rent Expense

$ 23,500 $ 4,000 $ 37,000 $ 4,000
$ 16,750 $ 650
$ 1,000 $ 37,000 $ 4,000
$ 800
$ 2,150
$ 7,800 Capital Stock Leopard Realty
$ 5,600 $ 23,500 Accounts
Unadjusted Trial Balance Payable
$ 40,250 $ 22,000 $
As at January 650 $
31,2024 1,800
$ 18,250 $ Accounts
23,500 Debit $ 8,500
Credit
Cash $ 18,250
Accounts Receivable $
$ 37,000 650 $ 10,300
Dividends Supplies $ 9,650
Supplies $ 300
$ 5,600 $ 1,800 $ 1,500
Accounts Payable $ 9,650
$ 5,600 $ 8,500
Capital Stock $ 23,500
$ 10,300 $ 1,500
$
Sales
8,800
Commission $
Supplies Expense
53,750
Automobile Expenses Dividends $ $5,6001,500
Rent Expense $ 4,000
$ 1,000 Automobile Expense $ $1,0008,500
$ 1,000 Miscellaneous
Revenue/ Sales Commissions Expense $ $ 800 10,000
Supplies Expense
$ 16,750 $ 10,000
$ 37,000
Utilties Expense $ 7,800
Miscellaneous Expenses $ 53,750
Office Salaries Expense $ 2,150 Utilties Expenses
$ 800 Total $
$ 86,900 7,800
$ 86,900
$ 800 $ 7,800
Office Salaries Expenses
$ 2,150
$ 2,150
Samira Mellaneo

4a. Total value of revenue recorded is $53,750.

4b. Total expenses recorded $31,350.

4c. Amount of net income $22,400

5. Increase in retained earnings is $22,400

Samira Mellaneo

Cash Account
Date Description Amount Date Description Amount
1-Jan Capital Stock $ 23,500 6-Jan Rent Expense $ 4,000
14-Jan Sales Commission $ 16,750 12-Jan Accounts Payable $ 650
18-Jan Auto-Mobile Expense $ 1,000
18-Jan Miscellaneous Expense $ 800
23-Jan Office Salaries Expenses $ 2,150
25-Jan Utilties Expenses $ 7,800
31-Jan Dividends $ 5,600
Total $ 40,250 Total $ 22,000
1-Feb Balance $ 18,250

Accounts Recievable
Date Description Amount Date Description Amount
30-Jan Sales Commission $ 37,000
Total $ 37,000
31-Jan Balance $ 37,000

Supplies

Date Description Amount Date Description Amount

10-Jan Accounts Payable $ 1,800 28-Jan Supplies Expense $ 1,500
Total $ 1,800 Total $ 1,500
31-Jan Balance $ 300

Sales Commission
Date Description Amount Date Description Amount
14-Jan Cash $ 16,750
30-Jan Accounts Recievable $ 37,000
Total $ 53,750
31-Jan Balance $ 53,750

Capital Stock
Date Description Amount Date Description Amount
1-Jan Cash $ 23,500
Total $ 23,500
31-Jan Balance $ 23,500

Dividends
Date Description Amount Date Description Amount
31-Jan Cash $ 5,600
Total $ 5,600
31-Jan Balance $ 5,600
Samira Mellaneo

Rent Expense
Date Description Amount Date2 Description3 Amount4
6-Jan Cash $ 4,000
Total $ 4,000
1-Feb Balance $ 4,000

Auto-Mobile Expense
Date Description Amount Date2 Description3 Amount4
18-Jan Cash $ 1,000
Total $ 1,000
1-Feb Balance $ 1,000

Miscellaneous Expense
Date Description Amount Date2 Description3 Amount4
18-Jan Cash $ 800
Total $ 800
31-Jan Balance $ 800

Supplies Expense

Date Description Amount Date2 Description3 Amount4

19-Jan Accounts Payable 8500
28-Jan Supplies $ 1,500
Total $ 10,000
31-Jan Balance $ 10,000
Office Salaries Expense
Date Description Amount Date2 Description3 Amount4
23-Jan Cash $ 2,150
Total $ 2,150
31-Jan Balance $ 2,150

Utilities Expense
Date Description Amount Date2 Description3 Amount4
25-Jan Cash $ 7,800
Total $ 7,800
31-Jan Balance $ 7,800

Accounts Payable
Date Description Amount Date2 Description3 Amount4
12-Jan Cash $ 650 10-Jan Supplies $ 1,800
19-Jan Office Equipment $ 8,500
Total $ 650 Total $ 10,300
31-Jan Balance $ 9,650
Samira Mellaneo