Beruflich Dokumente
Kultur Dokumente
Account Title
101 Cash
126 Supplies
128 Prepaid insurance
167 Equipment
168 Acccumulated depreciation - Equipment
201 Accounts payable
203 Interests payable
208 Rent payable
210 Wages payable
213 Property taxes payable
251 Long-term notes payable
301 Share capital
311 Retained earnings
312 Dividens
401 Demolition fees earned
612 Depreciation expense - Equipment
623 Wages expense
633 Interests expense
637 Insurance expense
640 Rent expense
652 Supplies expense
683 Property taxes expense
684 Repairs expense
690 Utilities expense
901 Income Statement
Totals
Net Income
Totals
Adjusment
Credit
Debit
10,000
16,000
0
0
0
0
20,000 $ 4,000
56,900
10,000
24,000
177,000
0
51,400
2,200
0
8,800
0
8,400
6,700
6,800
$ 289,900 $ 289,900
$
$
$
$
$
$
$
18,000
2,200
200
11,500
5,360
9,900
450
700
$ 52,310
Credit
$
$ 9,900 $
$ 11,500 $
$
$ 18,000
$ 4,700
$
200
$ 5,360
$ 2,200
$
450
Debit
9,000
8,100
3,100
140,000
Credit
$
$
$
$
$
$
$
$
$
24,000
$
$
$
$
$
$
$
$
$
18,000
53,600
2,400
11,500
14,160
9,900
8,850
6,700
7,500
Income Statement
Debit
Credit
28,000
20,700
200
5,360
2,200
450
16,000
56,900
10,000
$ 177,000
Statement of changes in
Equity
Debit
Credit
$
9,000
$
8,100
$
3,100
$ 140,000
$ 28,000
$ 20,700
$
200
$
5,360
$
2,200
$
450
$ 16,000
$ 56,900
$ 10,000
$ 24,000
$ 177,000
$ 132,610
Closing
Debit
Credit
$
$
$
$
24,000 $ 44,390
$ 24,000
$ 177,000
$ 18,000
$ 53,600
$
2,400
$ 11,500
$ 14,160
$
9,900
$
8,850
$
6,700
$
7,500
$ 177,000 $ 177,000
$ 378,000 $ 378,000 $
Post-Closing Trial
Balance
Debit
Credit
9,000
8,100
3,100
140,000
$ 28,000
$ 20,700
$
200
$
5,360
$
2,200
$
450
$ 16,000
$ 56,900
$ 30,390
0
0
0
0
0
0
0
0
0
0
0
0
160,200 $ 160,200
177,000
18,000
53,600
2,400
11,500
14,160
9,900
8,850
6,700
7,500
Balance at December 1
Plus: Issuance of Shares
Net Incomes
Less: Dividens
Balance at April 31
Retained
Earnings
0
44,390
24,000
56,900 $
20,390
9,000
8,100
3,100
140,000
28,000
132,200
Accounts payable
Interests payable
Rent payable
Wages payable
Property taxes payable
Long-term notes payable
Total Liabilities
Share Capital
Retained Earnings
Total Equity
Total liabilities and equity
20,700
200
5,360
2,200
450
16,000
44,910
56,900
20,390
77,290
122,200
a. Since the debit will still equal credits, this error would not likely be discovered. The error will be known if the insurrance agent
b. Since debits would not equal credits, this mistake would likely be caught.
177,000
132,610
44,390
Total Equity
$
$
56,900
44,390
24,000
77,290
General Journal
April
30 Dr Consulting Revenue
$ 177,000
Cr Income Summary
Dr Income Summary
$ 132,610
Cr Depreciation expense - Equipmen
Cr Wages expense
Cr Interests expense
Cr Insurance expense
Cr Rent expense
Cr Supplies expense
Cr Property taxes expense
Cr Repairs expense
Cr Utilities expense
Dr Income Summary
$ 44,390
Cr Retained earnings
Dr Retained earnings
$ 24,000
Cr Dividens
$ 378,000
$ 177,000
$
$
$
$
$
$
$
$
$
18,000
53,600
2,400
11,500
14,160
9,900
8,850
6,700
7,500
44,390
$ 24,000
$ 378,000