Date

Explanation
1-Mar Cash
Land
Buildings
Equipment
Accounts Payable
S. Guy, Capital
(Recording opening balances)

Journal (J1)
Ref.
101
140
145
157
201
301

Debit
Credit
$ 16,000.00
$ 42,000.00
$ 18,000.00
$ 16,000.00
$ 12,000.00
$ 80,000.00
$ 92,000.00 $ 92,000.00

2-Mar Film Rental Expense

Cash
Accounts Payable

632 $ 9,000.00
101
$ 3,000.00
201
$ 6,000.00

3-Mar Film Rental Expense

Accounts Payable

632 $ 3,000.00
201
$ 3,000.00

9-Mar Cash

101 $ 6,500.00
405
$ 6,500.00

Admission Revenue
10-Mar Accounts Payable
Cash

$ 9,000.00
$ 9,000.00

12-Mar Advertising expense

Cash

610 $
101

20-Mar Cash

101 $ 7,200.00
405
$ 7,200.00

Admission Revenue
Accounts Payable
Cash
31-Mar Salaries expense
Cash

800.00
$

800.00

201 $ 3,000.00
101
$ 3,000.00
726 $ 4,800.00
101
$ 4,800.00

Accounts Receivable
Concession revenue

112 $
406

800.00

Cash

400.00

Accounts receivable

406 $
112

Admission revenue

101 $ 12,000.00
405
$ 12,000.00

Cash

800.00

400.00

Ledger

Ref.
J1
J1
J1
J1
J1
J1
J1
J1
J1
J1

Debit
Credit
$ 16,000
$ 3,000
$ 6,500
$ 9,000
$
800
$ 7,200
$ 3,000
$ 4,800
$
400
$ 12,000

No. 101
Balance
$ 16,000
$ 13,000
$ 19,500
$ 10,500
$ 9,700
$ 16,900
$ 13,900
$ 9,100
$ 9,500
$ 21,500

Land
Date
Explanation
1-Mar Balance

Ref.
J1

Debit
Credit
$ 42,000

No. 140
Balance
$ 42,000

Buildings
Date
Explanation
1-Mar Balance

Ref.
J1

Debit
Credit
$ 18,000

No. 145
Balance
$ 18,000

Ref.
J1

Debit
Credit
$ 16,000

No. 157
Balance
$ 16,000

Ref.
J1
J1
J1
J1
J1

No. 201
Debit
Credit
Balance
$ 12,000 $ 12,000
$ 6,000 $ 18,000
$ 3,000 $ 21,000
$ 9,000
$ 12,000
$ 3,000
$ 9,000

Capital
Date
Explanation
1-Mar Balance

Ref.
J1

Debit
Credit
$ 80,000

No. 301
Balance
$ 80,000

Film rental expense

Date
Explanation
2-Mar Accounts Payable and cash
3-Mar Accounts Payable

Ref.
J1
J1

Debit
Credit
$ 9,000
$ 3,000

No. 632
Balance
$ 9,000
$ 12,000

Date
1-Mar
2-Mar
9-Mar
10-Mar
12-Mar
20-Mar
31-Mar

Cash
Explanation
Balance
Film rental expense
Admission rev.
Accounts Payable
Advertising exp.
Admission rev.
Accounts Payable
Salary
Accounts receivable
Admission rev.

Equipment
Date
Explanation
1-Mar Balance

Date
1-Mar
2-Mar
3-Mar
10-Mar
20-Mar

Accounts Payable
Explanation
Balance
Film rental expense
Film rental expense
Cash
Cash

Admission Revenue

No. 405

Date
9-Mar
20-Mar
31-Mar

Explanation
Cash
Cash
Cash

Ref.
J1
J1
J1

Debit

Advertising
Date
Explanation
12-Mar Cash

Ref.
J1

Debit
Credit
$
800

No. 610
Balance
$
800

Debit
Credit
$ 4,800

No. 726
Balance
$ 4,800

Salaries
Date
Explanation
31-Mar Cash

Ref.
J1

Concession Revenue
Date
Explanation
31-Mar Accounts receivable

Ref.
J1

Accounts Receivable
Date
Explanation
31-Mar Concession Revenu
Cash

Ref.
J1
J1

Debit

Credit
$ 6,500
$ 7,200
$ 12,000

Balance
$ 6,500
$ 13,700
$ 25,700

No. 610
Credit
Balance
$
800 $
800

No. 112
Debit
Credit
Balance
$
800
$
800
$
400 $
400

The Sir Guy Theatre

Trial Balance
as at 31 March 2010
Cash
Land
Buildings
Equipment
Accounts Payable
Capital
Accounts receivable
Admission revenue
Concession revenue
Advertising expense
Film rental expense
Salaries expense

Debit
$
$
$
$

$
$
$
$

Credit
21,500
42,000
18,000
16,000
$
$

9,000
80,000

$
$

25,700
800

800
12,000
4,800
115,500 $

115,500

400

Tristate Pro Shop

Date

Explanation
5-Apr purchases
accounts payable

Journal (J1)
Ref.

Debit
Credit
$ 3,400.00
$ 3,400.00

7-Apr freight
cash

9-Apr accounts payable

purchase returns

160.00
160.00

400.00

400.00

10-Apr accounts r/c

sales

$ 1,900.00

12-Apr purchases
accounts payable

$ 1,320.00

14-Apr accounts payable

Discount received
cash

$ 3,000.00

17-Apr accounts payable

purchase returns

20-Apr accounts r/c

sales

$ 1,400.00

21-Apr accounts payable

Discount received
cash

$ 1,200.00

27-Apr sales return

accounts r/c

30-Apr cash

$ 2,200.00
accounts r/c

$ 1,900.00

$ 1,320.00

$60
$ 2,940.00
120.00
$

120.00

$ 1,400.00

$
12.00
$ 1,188.00
150.00
$

150.00

$ 2,200.00

1-Apr Bal
30-Apr a/c rec.

1-May bal

1-Apr Bal

30-Apr SoFP

Cash
$ 5,000.00
7-Apr
$ 2,200.00
14-Apr
21-Apr
30-Apr
$ 7,200.00
$ 2,912.00

freight
a/c pay.
a/c pay.
Bal

Inventory
$ 7,000.00
30-Apr Income Statement

Graham Woods, Capital

$ 12,000.00
1-Apr Bal

5-Apr a/c pay.

12-Apr a/c pay.

Purchases
$ 3,400.00
30-Apr Income Statement
$ 1,320.00
$ 4,720.00

9-Apr
14-Apr
17-Apr
21-Apr

Accounts Payable
$
400.00
5-Apr purchases
$ 3,000.00
12-Apr purchases
$
120.00
$ 1,200.00
$ 4,720.00

purchase returns
cash
purchase returns
cash

7-Apr cash

Freight
160.00
30-Apr Income Statement

30-Apr Income statemen

$
$

10-Apr sales
20-Apr sales

1-May Bal

30-Apr I.S.

27-Apr a/c rec.

7-Apr IS

Purchase returns
520.00
9-Apr a/c pay.
17-Apr a/c pay.
520.00

Accounts Receivable
$ 1,900.00
27-Apr sales returns
$ 1,400.00
30-Apr cash
bal
$ 3,300.00
$
950.00

Sales
$ 3,300.00
10-Apr a/c rec.
20-Apr a/c rec.
$ 3,300.00

Sales returns
150.00
30-Apr I.S.

Discount received
14-Apr Accounts payable
21-Apr Accounts payable

$
$
$
$
$

160.00
2,940.00
1,188.00
2,912.00
7,200.00

$ 7,000.00

$ 12,000.00

$ 4,720.00
$ 4,720.00

$ 3,400.00
$ 1,320.00

$ 4,720.00

160.00

$
$
$

400.00
120.00
520.00

$
150.00
$ 2,200.00
$
950.00
$ 3,300.00

$ 1,900.00
$ 1,400.00
$ 3,300.00

150.00

$
$
$

60.00
12.00
72.00

Cash
Inventory (start)
Capital
Purchases
Freight
Purchase Returns
Accounts Receivable
Sales
Discount received
Sales returns

Tri State Pro Shop

Trial Balance
as at 30 April 2010
Debit
Credit
$ 2,912.00
$ 7,000.00
$ 12,000.00
$ 4,720.00
$
160.00
$
520.00
$
950.00
$ 3,300.00
$
72.00
$
150.00
$ 15,892.00 $ 15,892.00
Tri State Pro Shop
Income Statement (gross profit)
for the month ended 30 April 2010

Sales
less sales returns
Net Sales
less Cost of Goods Sold
beginning inventory
Purchases
less purchases returns
plus freight in
cost of goods purchased
cost of goods available for sale
less ending inventory
Cost of Goods Sold
Gross profit

$ 3,300.00
$ 150.00
$ 3,150.00
$ 7,000.00
$ 4,720.00
$
520.00
$ 4,200.00
$
160.00
$ 4,360.00
$ 11,360.00
$ 9,048.00
$ 2,312.00
$ 838.00