Date

Oct. 1
Balance

Cash
Accounts Receivable
45,000
45,000

Oct. 3
Balance

1,420
1,420

45,000
Oct. 6

Balance
Oct. 8
Balance

45,000
-1,420
43,580

Assets
Computer Supplies

4,800
4,800

1,420

4,800

1,420

4,800
1,400
6,200
-4,800
1,400

1,420

1,400

1,420

1,400
-1,400
0
5,208
5,208

1,420

5,208

1,420

5,208

1,420

Oct. 10
Balance

43,580
Oct. 12

Balance
Oct. 15
Balance
Oct. 17
Balance
Oct. 20
Balance
Oct. 22
Balance

43,580
4,800
48,380
-805
47,575
-1,728
45,847
1,400
47,247

Oct. 28
Balance
Oct. 31
Balance
Oct. 31
Balance

47,247
-875
46,372
-3,600
42,772

1,420
1,420

1,420
1,420

sets

= Liability
+
Computer System Office Equipment
= Accounts Payble
+ Common Stock
20,000
8,000
73,000
20,000
8,000
73,000
1,420
20,000
8,000
1,420
73,000
20,000

8,000

73,000

8,000

1,420
-1,420
0

20,000
20,000

8,000

73,000

20,000

8,000

73,000

20,000

8,000

73,000

20,000

8,000

73,000

20,000

8,000

73,000

20,000

8,000

73,000

20,000

8,000

73,000

20,000

8,000

73,000

20,000

8,000

73,000

73,000

Equity

Equity
(-)Dividends
Revenue

(-)Expenses

4,800
4,800
4,800
4,800
1,400
6,200

6,200

0
805
805
1,728
2,533

6,200
6,200
6,200
5,208
11,408

3,600
3,600

2,533

11,408

2,533
875
3,408

11,408

3,408

Name
GENERAL JOURNAL

Date
October

November

Account Titles and Explanation

1 Cash
Computer Equipment
Office Equipment
Common Stock
2 Prepaid Rent
Cash
(Four Months Rent)
3 Computer Supplies
Accounts Payable
5 Prepaid Insurance
Cash
(One year's Premium)
6 Accounts Receiveable
Computer Services Revenue
8 Accounts Payable
Cash
12 Accounts Receiveable
Computer Services Revenue
15 Cash
Accounts Receivable
17 Repairs Expense-Computer
Cash
20 Advertising Expense
Cash
22 Cash
Accounts Receivable
28 Accounts Receiveable
Computer Services Revenue
31 Wages Expenses
Cash
31 Dividends
Cash
1 Mileage Expense
Cash
2 Cash
Computer Services Revenue
5 Computer Supplies
Cash
8 Accounts Receiveable
Computer Services Revenue
18 Cash
Accounts Receivable

December

December

22 Miscellaneous Expenses
Cash
24 Accounts Receiveable
Computer Services Revenue
28 Mileage Expense
Cash
30 Wages Expenses
Cash
30 Dividends
Cash
2 Advertising Expense
Cash
3 Repairs Expense-Computer
Cash
4 Cash
Accounts Receivable
10 Wages Expenses
Cash
14 Cash
Unearned Computer Service Revenue
15 Computer Supplies
Accounts Payable
20 Cash
Computer Services Revenue
28 Cash
Accounts Receivable
29 Mileage Expense
Cash
31 Dividends
Cash
31 Computer Supplies Expense
Computer Supplies
31 Insurance Expense
Prepaid Insurance
31 Wages Expenses
Wages Payable
31 Depreciation- Computer Equipment
Accumulated Depreciation-Computer Equipment
31 Depreciation- Office Equipment
Accumulated Depreciation-Office Equipment
31 Rent Expense
Prepaid Rent
31 Computer Services Revenue
Income Summary
31 Income Summary
Wages Expense
31 Income Summary
Mileage Expense

January

31 Income Summary
Advertising Expense
31 Income Summary
Miscellaneous Expense
31 Income Summary
Repairs Expense-Computer
31 Income Summary
Supplies Expense
31 Income Summary
Insurance Expense
31 Income Summary
Depreciation Expense-Computer Equipment
31 Income Summary
Depreciation Expense-Office Supplies
31 Income Summary
Rent Expense
31 Income Summary
Retained Earnings
31 Retained Earnings
Dividends
4 Wages Expenses
Wages Payable
Cash
5 Cash
Common Stock
7 Merchandise Inventory
Accounts Payable
9 Cash
Gomez Co.
11 Unearned Service Revenue
Alex's Engineering Co.
Computer Services Revenue
13 Liu Corp.
Sales
Cost of Goods Sold
Merchandise Inventory
15 Merchandise Inventory
Cash
16 Cash
Computer Services Revenue
17 Accounts Payable
Cash
Merchandise Inventory
20 Sales Returns and Allowances
Liu Corp.
22 Cash
Sales Discounts
Liu Corp.

February

March

24 Accounts Payable
Merchandise Inventory
26 Merchandise Inventory
Accounts Payable
26 KC, Inc.
Sales
Cost of Goods Sold
Merchandise Inventory
31 Wages Expenses
Cash
1 Prepaid Rent
Cash
3 Accounts Payable
Merchandise Inventory
Cash
5 Advertising Expense
Cash
11 Cash
Alex's Engineering Co.
15 Dividends
Cash
23 Delta Co.
Sales
Cost of Goods Sold
Merchandise Inventory
26 Wages Expenses
Cash
27 Mileage Expense
Cash
8 Computer Supplies
Accounts Payable
9 Cash
Delta Co.
11 Repairs Expense-Computer
Cash
16 Cash
Computer Services Revenue
19 Accounts Payable
Cash
24 Easy Leasing
Computer Services Revenue
25 Wildcat Services
Sales
Cost of Goods Sold
Merchandise Inventory
30 IFM Co.
Sales
Cost of Goods Sold

Merchandise Inventory
31 Mileage Expense
Cash

Business Solution

RAL JOURNAL

P. R.
101
167
163
307
131
101

Debit
45,000
20,000
8,000

Credit

73,000
3,300
3,300

126
201
128
101

1,420

106
403
201
101
106
403
101
106
684
101
655
101
101
106
106
403
623
101
319
101
676
101
101
106
126
101
106
403
101
106

4,800

1,420
2,220
2,220

4,800
1,420
1,420
1,400
1,400
4,800
4,800
805
805
1,728
1,728
1,400
1,400
5,208
5,208
875
875
3,600
3,600
320
320
4,633
4,633
1,125
1,125
5,668
5,668
2,208
2,208

e Revenue

Computer Equipment

Office Equipment

677
101
106
403
676
101
623
101
319
101
655
101
684
101
101
106
623
101
101
236
126
201
101
403
101
106
676
101
319
101
652
126
637
128
623
210
613
168
612
164
640
131
403

250
250
3,950
3,950
384
384
1,750
1,750
2,000
2,000
1,025
1,025
500
500
3,950
3,950
750
1,500
1,500
1,100
1,100
5,625
5,625
3,000
3,000
192
192
1,500
1,500
3,065
3,065
555
555
500
500
1,250
1,250
400
400
2,475
2,475
31,284
31,284
3,875

623

3,875
896

676

896

mputer Equipment

e Supplies

2,753
655

2,753
250

677

250
1,305

684

1,305
3,065

652

3,065
555

637

555
1,250

613

1,250
400

612

400
2,475

640

2,475
14,460

318
318
319
623
210
101
101
307
119
201
101
106.6
236
106.1
403
106.5
413
502
119
119
101
101
106.7
201
101
119
414
106.5
101
415
106.5

14,460
7,100
7,100
125
500
625
25,000
25,000
5,800
5,800
2,668
2,668
1,500
5,500
7,000
5,200
5,200
3,560
3,560
600
600
4,000
4,000
5,800
5,742
58
500
500
4,653
47
4,700

201
119
119
201
106.8
413
502
119
623
101
340
131
201
119
101
655
101
101
106.1
319
101
106.7
413
502
119
623
101
676
101
126
201
101
106.7
684
101
101
403
201
101
106.3
403
106.2
413
502
119
106.4
413
502

496
496
9,000
9,000
5,800
5,800
4,640
4,640
1,250
1,250
2,475
2,475
8,504
90
8,414
600
600
5,500
5,500
4,800
4,800
3,220
3,220
2,660
2,660
1,000
1,000
192
192
2,730
2,730
3,220
3,220
960
960
5,260
5,260
3,830
3,830
9,047
9,047
2,800
2,800
2,002
2,002
2,220
2,220
1,048

119
676
101

1,048
128
128

Name
General Ledger

Date
Oct. 1

Explanation
2
5
8
15
17
20
22
31
31

Nov. 1
2
5
18
22
28
30
30
Dec. 2
3
4
10
14
20
28
29
31
Jan. 4
5
9
15
16
17
22
31
1-Feb
Feb. 3
5
11
15
26

27
9-Mar
11
16
19
31

Date
Oct. 6

Explanation

12
15
22
28
8-Nov
18
24
Dec. 4
28

Date
Oct. 3
Nov. 5
Dec. 15
Dec. 31
8-Mar

Explanation

Date
Oct. 5
Dec. 31

Explanation

Date
Oct. 2
Dec. 31
1-Feb

Explanation

Date
Oct. 1

Explanation

Date
Oct. 1

Explanation

Date
Oct. 3

Explanation

8
Dec. 15
7-Jan
17
24
26
3-Feb
8-Mar
19

Date
Oct. 1

Explanation
5-Jan

Date
Oct. 31
Nov. 30
Dec. 31
Closing
15-Feb

Explanation

Date
Oct. 6

Explanation
12
28

Nov. 2
8

24
Dec. 20
Closing
11-Jan
15-Jan
16-Mar
24-Mar

Date
Oct. 31
Nov. 30
Dec. 10
Dec. 31
Closing
4-Jan
31-Jan
26-Feb

Explanation

Date
Oct. 20
Dec. 2
Closing
5-Feb

Explanation

Date
Nov. 1

Explanation

28
Dec. 29
Closing
27-Feb
31-Mar

Date
Nov. 22
Closing

Explanation

Date
Oct. 17
Dec. 3
Closing
11-Mar

Explanation

Date
Dec. 14
11-Jan

Explanation

Date
Dec. 31
Closing

Explanation

Date
Dec. 31
Closing

Explanation

Date
Dec. 31
4-Jan

Explanation

Date
Dec. 31
Closing

Explanation

Date
Dec. 31

Explanation

Date
Dec. 31
Closing

Explanation

Date
Dec. 31

Explanation

Date
Dec. 31
Closing

Explanation

Date
Closing
Closing
Closing

Explanation

Date
Closing
Closing

Explanation

Date
11-Jan
11-Feb

Explanation

Date
25-Mar

Explanation

Date
24-Mar

Explanation

Date
Dec. 31
30-Mar

Explanation

Date
13-Jan
20
22

Explanation

Date
Dec. 31

Explanation

9-Jan

Date
23-Feb
9-Mar

Explanation

Date
26-Jan

Explanation

Date

Explanation

Date

Explanation

7-Jan
13
15
17
24
26
26
3-Feb
23-Feb
25-Mar
30-Mar

Date
13-Jan
26-Jan
23-Feb
25-Mar
30-Mar

Explanation

Date
20-Jan

Explanation

Date
22-Jan

Explanation

Date
13-Jan
26-Jan
23-Feb
25-Mar
30-Mar

Explanation

Business Solutions

GENERAL LEDGER
Cash
P.R.
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1

General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1

Accounts Receivable
P.R.
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1

Computer Supplies
P.R.
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1

Prepaid Insurance
P.R.
General Journal 1
General Journal 1

Prepaid Rent
P.R.
General Journal 1
General Journal 1
General Journal 1

Office Equipment
P.R.
General Journal 1
Computer Equipment
P.R.
General Journal 1
Accounts Payable
P.R.
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1

Common Stock
P.R.
General Journal 1
General Journal 1
Dividends
P.R.
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1

Computer Services Revenue

P.R.
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1

General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1

Wages Expenses
P.R.
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1

Advertising Expenses
P.R.
General Jounral 1
General Jounral 1
General Jounral 1
General Jounral 1

Mileage Expenses
P.R.
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1

Miscellaneous Expenses
P.R.
General Journal 1
General Journal 1

Repairs Expenses-Computer
P.R.
General Journal 1
General Journal 1
General Journal 1
General Journal 1

Unearned Computer Services Revenue

P.R.
General Journal 1
General Journal 1

Supplies Expense
P.R.
General Journal 1
General Journal 1

Insurance Expense
P.R.
General Journal 1
General Journal 1

Wages Payable
P.R.
General Journal 1
General Journal 1

Depreciation- Computer Equipment

P.R.
General Journal 1
General Journal 1

Accumulated Depreciation-Computer Equipment

P.R.
General Journal 1

Depreciation-Office Equipment
P.R.
General Journal 1
General Journal 1

Accumulated Depreciation-Office Equipment

P.R.
General Journal 1

Rent Expense
P.R.
General Journal 1
General Journal 1

Income Summary
P.R.
General Journal 1
General Journal 1
General Journal 1

Retained Earnings
P.R.
General Journal 1
General Journal 1

Alex's Engineering Co.

P.R.
General Journal 1
General Journal 1

Wildcat Services
P.R.
General Journal 1

Easy Leasing
P.R.
General Journal 1

IFM Co.
P.R.
General Journal 1
General Journal 1

Liu Corp.
P.R.
General Journal 1
General Journal 1
General Journal 1

Gomez Co.
P.R.
General Journal 1

General Journal 1

Delta Co.
P.R.
General Journal 1
General Journal 1

KC, Inc.
P.R.
General Journal 1

Dream, Inc.
P.R.
General Journal 1

Merchandise Inventory
P.R.
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1

Sales

P.R.
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1

Sales Returns and Allowances

P.R.
General Journal 1

Sales Discounts
P.R.
General Journal 1

Cost of Goods Sold

P.R.
General Journal 1
General Journal 1
General Journal 1
General Journal 1
General Journal 1

DEBIT

CREDIT
45,000
3,300
2,220
1,420
4,800
805
1,728
1,400
875
3,600
320
4,633
1,125
2,208
250
384
1,750
2,000
1,025
500
3,950
750
1,500
5,625
3,000
192
1,500
625
25,000
2,668
600
4,000
5,742
4,653
1,250
2,475
8,414
600
5,500
4,800
1,000

ACCOUNT NO. 101

BALANCE
45,000
41,700
39,480
38,060
42,860
42,055
40,327
41,727
40,852
37,252
36,932
41,565
40,440
42,648
42,398
42,014
40,264
38,264
37,239
36,739
40,689
39,939
41,439
47,064
50,064
49,872
48,372
47,747
72,747
75,415
74,815
78,815
73,073
77,726
76,476
74,001
65,587
64,987
70,487
65,687
64,687

192
3,220
960
5,260
3,830
128

DEBIT

CREDIT
4,800
1,400
4,800
1,400
5,208
5,668
2,208
3,950
3,950
3,000

DEBIT

CREDIT
1,420
1,125
1,100
3,065
2,730

DEBIT

CREDIT
2,220
555

DEBIT

CREDIT
3,300
2,475
2,475

64,495
67,715
66,755
72,015
68,185
68,057

ACCOUNT NO. 106

BALANCE
4,800
6,200
1,400
5,208
10,876
8,668
12,618
8,668
5,668

ACCOUNT NO. 126

BALANCE
1,420
2,545
3,645
580
3,310

ACCOUNT NO. 128

BALANCE
2,220
1,665

ACCOUNT NO. 131

BALANCE
3,300
825
3,300

CREDIT
8,000

ACCOUNT NO. 163

BALANCE
8,000

CREDIT
20,000

ACCOUNT NO. 167

BALANCE
20,000

DEBIT

DEBIT

DEBIT

CREDIT
1,420
1,420
1,100
5,800
5,800
496
9,000
8,504
2,730
3,830

DEBIT

CREDIT
73,000
25,000

DEBIT

CREDIT
3,600
2,000
1,500
7,100
4,800

DEBIT

CREDIT
4,800
1,400
5,208
4,633
5,668

ACCOUNT NO. 201

BALANCE
1,420
1,100
6,900
1,100
604
9,604
1,100
3,830
-

ACCOUNT NO. 307

BALANCE
73,000
98,000
ACCOUNT NO. 319
BALANCE
3,600
5,600
7,100
0
4,800

ACCOUNT NO. 403

BALANCE
4,800
6,200
11,408
16,041
21,709

3,950
5,625
31,284
7,000
4,000
5,260
9,047

DEBIT

CREDIT
875
1,750
750
500
3,875
125
1,250
1,000

DEBIT
1,728
1,025

2,753
600

CREDIT
320
384
192
896
192
128

DEBIT

CREDIT
250
250

ACCOUNT NO. 623

BALANCE
875
2,625
3,375
3,875
125
1,375
2,375

ACCOUNT NO. 655

BALANCE
1,728
2,753
0
600

CREDIT

DEBIT

25,659
31,284
7,000
11,000
16,260
25,307

ACCOUNT NO. 676

BALANCE
320
704
896
192
320

ACCOUNT NO. 677

BALANCE
250
0

960

ACCOUNT NO. 684

BALANCE
805
1,305
960

1,500

ACCOUNT NO. 236

BALANCE
1,500
-

DEBIT

CREDIT
805
500
1,305

DEBIT

CREDIT
1,500

DEBIT

CREDIT
3,065
3,065

DEBIT

CREDIT
555
555

DEBIT

CREDIT
500
500

DEBIT

CREDIT
1,250
1,250

ACCOUNT NO. 652

BALANCE
3,065
-

ACCOUNT NO. 637

BALANCE
555
-

ACCOUNT NO. 210

BALANCE
500
-

ACCOUNT NO. 613

BALANCE
1,250
-

DEBIT

CREDIT
1,250

DEBIT

400

ACCOUNT NO. 612

BALANCE
400
-

400

ACCOUNT NO. 167

BALANCE
400

2,475

ACCOUNT NO. 131

BALANCE
2,475
-

CREDIT
400

DEBIT

CREDIT

DEBIT

ACCOUNT NO. 168

BALANCE
1,250

CREDIT
2,475

16,824
14,460

ACCOUNT NO.
BALANCE
31,284
14,460
-

7,100

ACCOUNT NO. 318

BALANCE
14,460
7,360

DEBIT

CREDIT
31,284

DEBIT

CREDIT
14,460

DEBIT

CREDIT
5,500
5,500

ACCOUNT NO. 106.1

BALANCE
5,500
-

CREDIT
2,800

ACCOUNT NO. 106.2

BALANCE
2,800

CREDIT
9,047

ACCOUNT NO. 106.3

BALANCE
9,047

3,000
2,220

ACCOUNT NO. 106.4

BALANCE
3,000
5,220

DEBIT

DEBIT

DEBIT

CREDIT

DEBIT

CREDIT
5,200
500
4,700

DEBIT

CREDIT
2,668

ACCOUNT NO. 106.5

BALANCE
5,200
4,700
-

ACCOUNT NO. 106.6

BALANCE
2,668

2,668

DEBIT

CREDIT
3,220
3,220

DEBIT
5,800

ACCOUNT NO. 106.9

BALANCE

CREDIT

DEBIT

ACCOUNT NO. 106.7

BALANCE
3,220
-

ACCOUNT NO. 106.8

BALANCE
5,800

CREDIT

DEBIT

CREDIT
5,800
3,560
600
58
496
9,000
4,640
90
2,660
2,002
1,048

ACCOUNT NO. 119

BALANCE
5,800
2,240
2,840
2,782
2,286
11,286
6,646
6,556
3,896
1,894
846

ACCOUNT NO. 413

DEBIT

CREDIT
5,200
5,800
3,220
2,800
2,220

BALANCE
5,200
11,000
14,220
17,020
19,240

CREDIT
500

ACCOUNT NO. 414

BALANCE
500

CREDIT
47

ACCOUNT NO. 415

BALANCE
47

3,560
4,640
2,660
2,002
1,048

ACCOUNT NO. 502

BALANCE
3,560
8,200
10,860
12,862
13,910

DEBIT

DEBIT

DEBIT

CREDIT

Name

Business Solutions

Trial Balance

Trial Balance

Cash
Accounts Receivable
Computer Supplies
Prepaid Insurance
Prepaid Rent
Office Equipment
Computer Equipment
Accounts Payable
Common Stock
Dividends
Computer Services Revenue
Wages Expenses
Advertising Expenses
Mileage Expenses
Miscellaneous Expenses
Repair Expense- Computer
Totals

Debit
38,264
12,618
2,545
2,220
3,300
8,000
20,000

Credit

0
73,000
5,600
25,659
2,625
1,728
704
250
805
98,659

98,659

Business Solutions
Adjusted Trial Balance

Cash
Accounts Receivable
Computer Supplies
Prepaid Insurance
Prepaid Rent
Office Equipement
Accumulated Depreciation-Office Equipmet
Computer Equipment
Accumulated Depreciation Computer Equipment
Accounts Payable
Wages Payable
Common Stock
Dividends
Computer Service Revenue
Wages Expense
Advertising Expense
Mileage Expense
Miscellaneous Expense
Repairs Expense-Computer
Depreciation Expense- Office Equipment
Depreciation Expense- Computer Equipment
Computer Supplies Expense
Insurance Expense
Rent Expense
Unearned Service Revenue
Total

Trial Balance
Debit
Credit
48,372
5,668
3,645
2,220
3,300
8,000
20,000
1,100
73,000
7,100
31,284
3,375
2,753
896
250
1,305

106,884

1,500
106,884

Adjustements
Debit
Credit

3,065
555
2,475

Adjusted Trial
Balance
Debit
Credit
48,372
5,668
580
1,665
825
8,000

400

400
20,000

1,250

1,250
1,100
500
73,000

500
7,100

31,284
500

3,875
2,753
896
250
1,305
400
1,250
3,065
555
2,475

400
1,250
3,065
555
2,475
8,245

8,245

109,034

1,500
109,034

Business Solutions
Income Statement
For Month Ended 31, 2011
Revenues
Computer Services Revenue
Total Revenue

31,284
31,284

Expenses
Wages Expense
Mileage Expense
Advertising Expense
Miscellaneous Expense
Repairs Expense-Computer
Supplies Expense
Insurance Expense
Depreciation-Computer Equipment
Depreciation-Office Equipment
Rent Expense
Total Expense
Net Income

3,875
896
2,753
250
1,305
3,065
555
1,250
400
2,475
16,824
14,460

ns
nt
, 2011

Retained Earnings, October 1

Plus: Net Income
Less: Cash Dividneds
Retained Earnings, December 31

Business Solutions
Statement of Retained Earnings
For Month Ended December
0
14,460
14,460
7,100
7,360

utions
ed Earnings
December

Cash
Accounts Receivable
Computer Supplies
Prepaid Insurance
Prepaid Rent
Office Equipment
Less Accumulated Depreciation
Computer Equipment
Less Accumulated Depreciation
Total Assets

Business Solutions
Balance Sheet
December 31, 2011
Assets
48,372
5,668
580
1,665
825
8,000
400
20,000
1,250

7,600
18,750
83,460
Liabilities

Accounts Payable
Unearned Computer Servive Revenue
Wages Payable
Total Liabilities

1,100
1,500
500
3,100
Equity

Common Stock
Retained Earnings
Total Equity
Total Liabilities and Equity

73,000
7,360
80,360
83,460

ns

11

Cash
Accounts Receivable
Computer Supplies
Prepaid Insurance
Prepaid Rent
Office Equipment
Computer Equipment
Accounts Payable
Common Stock
Unearned Computer Service Revenue
Wages Payable
Accumulated Depreciation-Comp. Equip.
Accumulated Depreciation-office Equip.
Retained Earnings
Total

Business Solutions
Post-Closing Trial Balance
December 31, 2011
Debit
Credit
48,372
5,668
580
1,665
825
8,000
20,000
1,100
73,000
1,500
500
1,250
400
7,360
85,110
85,110

s
ance
1

Business Sol
Partial Works
March 31, 2
Acct #
101 Cash
126 Computer Supplies
128 Prepaid Insurance
131 Prepaid Rent
163 Office Equipment
167 Computer Equipment
201 Accounts Payable
307 Common Stock
319 Dividends
403 Computer Service Revenue
623 Wages Expense
655 Advertsing Expense
676 Mileage Expense
677 Miscellaneous Expense
684 Repairs Expense-Computer
236 Unearned Computer Service Revenue
652 Supplies Expense
637 Insurance Expense
210 Wages Payable
613 Depreciation Expense-Computer Equipment
168 Accumulated Depreciation-Computer Equipment
612 Depreciation Expense-Office Equipment
167 Accumulated Depreciation-Office Equipment
131 Rent Expense
318 Retained Earnings
106.1 Alex's Engineering Co
106.2 Wildcat Services
106.3 Easy Leasing
106.4 IFM Co
106.5 Liu Corp
106.6 Gomez Co
106.7 Delta Co
106.8 KC, Inc
106.9 Dream, Inc
119 Merchandise Inventory
413 Sales
414 Sales Returns and Allowances
415 Sales Discounts
502 Cost of Goods Sold
Total

Business Solution
Partial Worksheet
March 31, 2011
Unadjusted
Debit
Credit
68,057
3,310
1,665
3,300
8,000
20,000

Adjustments
Debit

Credit
1,305
555
2,475

Adjusted
Debit
68,057
2,005
1,110
825
8,000
20,000

0
98,000
4,800

4,800
25,307

2,375
600
320
0
960

875

3,250
600
320
0
960

1,305
555

1,305
555

0
0
0
0
0

875
1,250

1,250
0

1,250
1,250

400
400

400
400

2,475

2,475

7,360
0
2,800
9,047
5,220
0
0
0
5,800
0
846

142

0
2,800
9,047
5,220
0
0
0
5,800
0
704

19,240
500
47
13,910
151,557

500
47
14,052

142
151,557

7,002

7,002

154,082

Credit

0
98,000
25,307

875
2,500
800
7,360

19,240

154,082

Business Solution
Income Statement
For Month Ended March 31, 2012
Net Sales
Expenses
Cost of Goods Sold
Wages Expense
Advertising Expense
Mileage Expense
Miscelaneous Expense
Repairs Expense
Supplies Expense
Insurance Expense
Depreciation Expense-Office Equipment
Depreciation Expense-Compter Equipment
Rent Expense
Total Expense
Net Income

siness Solution
ome Statement
Ended March 31, 2012
44,000
14,052
3,250
600
320
0
960
1,305
555
400
1,250
2,475
25,167
18,833

Retained Earnings, Dec 31, 2011

Plus: Net Inome
Less: Cash Dividends
Retained Earnings, March 31, 2012

Business Solution
Statement of Retained Earnings
For Month Ended March 31, 2012
7,360
18,833
26,193
4,800
21,393

ution
ed Earnings
rch 31, 2012

Business Solution
Balance Sheet
March 31, 2012
Assets
Current Assets
Cash
Alex's Engineering Co.
Wildcat Services
Easy Leasing
IFM Co
Liu Corp
Gomez Co
Delta Co
KC, Inc
Dream, Inc
Merchandise Inventory
Supplies
Prepaid Insurance
Prepaid Rent
Total Current Assets
Plant Assets
Office Equipment
Acc. Depreciation
Computer Equipment
Acc. Depreciation
Total Plant Assets
Total Assets

68,057
0
2,800
9,047
5,220
0
0
0
5,800
0
704
2,005
1,110
825
95,568
8,000
800
20,000
2,500

7,200
17,500
24,700
120,268
Liability

Current Liability
Accounts Payable
Unearned Computer Service Revenue
Wages Payable
Total Current Liability

0
0
875
875
Equity

Common Stock
Retained Earnings
Total Equity
Total Liability and Equity

98,000
21,393
119,393
120,268

on
t
2