WORKBOOK P.

22
"T" Accounts
JOURNAL ENTRIES
Cash
Date Account Title Debit Credit 2013 2013
2013 12/1 900,000 12/1 50,000
Dec 1 Cash 900,000 12/17 20,000 12/3 50,000
P. Ivan Capital 900,000 12/23 25,000 12/4 5,000
12/30 250,000 12/13 8,000
Prepaid Rent 50,000 12/19 20,000
Cash 50,000 12/27 30,000
12/29 50,000
3 Office Machines 100,000 1,195,000 213,000
Cash 50,000 balance 982,000
Accounts Payable 50,000
Accounts Receivable
4 Supplies 5,000 2013 2013
Cash 5,000 12/17 25,000 12/23 25,000
balance -
8 Advertising Expense 30,000
Accounts Payable 30,000 Supplies
2013
13 Salaries Expense 8,000 12/4 5,000
Cash 8,000
Prepaid Rent
17 Cash 20,000 2013
Accounts Receivable 25,000 12/1 50,000
Service Revenue 45,000
Office Machines
19 P. Ivan Withdrawal 20,000 2013
Cash 20,000 12/3 100,000

23 Cash 25,000
Accounts Receivable 25,000

27 Accounts Payable 30,000

Cash 30,000

29 Accounts Payable 50,000

Cash 50,000

30 Cash 250,000
Notes Payable 250,000

Utilities Expense 15,000

Utilities Payable 15,000
 Ivan Travel Agency
Trial Balance
December 31, 2013
Accounts Payable P. Ivan Capital
2013 2013 2013
12/27 30,000 12/3 50,000 12/1 900,000 Cash
12/29 50,000 12/8 30,000 Accounts Receivable
80,000 80,000 Supplies
balance - P. Ivan Withdrawal Prepaid Rent
2013 Office Machines
Utilities Payable 12/19 20,000 Accounts Payable
2013 Utilities Payable
12/30 15,000 Service Revenue Notes Payable
2013 Ivan Capital
Notes Payable 12/17 45,000 Ivan Withdrawal
2013 Service Revenue
12/30 250,000 Salaries Expense Salaries Expense
2013 Utilities Expense
12/13 8,000 Advertising Expense

Utilities Expense
2013
12/30 15,000

Advertising Expense
2013
12/8 30,000
Ivan Travel Agency
Trial Balance
December 31, 2013

Debit Credit
982,000
-
5,000
50,000
100,000
-
15,000
250,000
900,000
20,000
45,000
8,000
15,000
30,000
1,210,000 1,210,000
WORKBOOK p.29

JOURNAL ENTRIES

Date Account Title Debit Credit

Jan 3 Cash 1,000,000.00

Ventura Capital 1,000,000.00

5 Furniture & Fixtures 40,000.00

Accounts Payable 40,000.00

6 Prepaid Rent 26,400.00

Cash 26,400.00

10 no transaction

12 Office Supplies 5,300.00

Cash 5,300.00

17 Cash 80,000.00
Unearned Service Revenue 80,000.00

26 Cash 250,000.00
Notes Payable 250,000.00

30 Books 70,000.00
Cash 70,000.00

Feb 4 Utilities Expense 50,000.00

Utilities Payable 50,000.00

8 Utilities Payable 50,000.00

Cash 50,000.00

15 Salaries Expense 20,000.00

Cash 20,000.00

20 Cash 4,000.00
Accounts Receivable 6,000.00
Service Revenue 10,000.00

28 Notes Receivable 5,000.00

Service Revenue 5,000.00

Mar 10 Cash 20,000.00

 Service Revenue 20,000.00

15 Cash 3,000.00
Notes Receivable 3,000.00

20 Ventura Drawing 2,500.00

Cash 2,500.00

25 Accounts Receivable 6,000.00

Service Revenue 6,000.00

30 Cash 20,000.00
Service Revenue 20,000.00