Scribd
Upload
106 views4 pages

Problem 18-8

Uploaded by

api-254635136
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
106 views4 pages

Problem 18-8

Uploaded by

api-254635136
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
You are on page 1/ 4

DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT

101 Cash in Bank 15,387 15,387


115 Accts. Receivable 2,852 2,852
125 Merchandise Inventory 49,205 3,536 45,669
130 Supplies 3,027 2,408 619
135 Prepaid Insurance 1,680 700 980
140 Store Equipment 19,437 19,437
145 Office Equipment 29,504 29,504
201 Accounts Payable 13,339 13,339
207 Federal Corporate Income Tax Payable 155 155
210 Employees' Federal Income Tax Payable 632 632
211 Employees' State Income Tax Payable 117 117
212 Social Security Tax Payable 472 472
213 Medicare Tax Payable 108 108
215 Sales Tax Payable 2,931 2,931
216 Federal Unemployment Tax Payable 77 77
217 State Unemployement Tax Payable 315 315
219 US Savings Bonds Payable 150 150
301 Capital Stock 50,000 50,000
305 Retained Earnings 25,425 25,425
310 Income Summary 3,536 3,536
401 Sales 144,945 144,945
405 Sales Discounts 203 203
410 Sales Returns and Allowances 1,381 1,381
501 Purchases 79,310 79,310
505 Transportation In 1,192 1,192
510 Purchases Discounts 1,292 1,292
515 Purchases Returns and Allowances 576 576
601 Advertising Expense 3,151 3,151
605 Bankcard Fees Expense 288 288
620 Federal Corporate Inocme Tax Expense 2,480 155 2,635
630 Insurance Expense 700 700
640 Maintenance Expense 1,381 1,381
645 Miscellaneous Expense 3,772 3,772
647 Payroll Tax Expense 1,219 1,219
650 Rent Expense 10,350 10,350
655 Salaries Expense 11,965 11,965
660 Supplies Expense 2,408 2,408
670 Utilities Expense 2,595 2,595
240,379 240,379
Net Income
INCOME STATEMENT BALANCE SHEET
Shutterbug Cameras
Worksheet
For the Year Ended August 31, 2010
ACCOUNT NAME
ACCT
NO.
TRIAL BALANCE ADJUSTMENTS
ADJUSTED TRIAL
BALANCE
PAGE 6
DESCRIPTION
POST
REF DEBIT CREDIT
GENERAL JOURNAL
DATE
Account Account No.
Debit Credit
Account Account No.
Debit Credit
Account Sales Account No.
Debit Credit
Account Account No.
Debit Credit
Account Account No.
Debit Credit
Account Account No.
Debit Credit
Account Account No.
Debit Credit
Account Account No.
Debit Credit
Account Account No.
Debit Credit
Account Account No.
Debit Credit
Account Account No.
Debit Credit
Account Account No.
Debit Credit
Balance
Date Description Post. Ref. Debit Credit
Balance
Date Description Post. Ref. Debit Credit
Balance
Date Description Post. Ref. Debit Credit
Balance
Date Description Post. Ref. Debit Credit
Balance
Date Description Post. Ref. Debit Credit
Date
Balance
Date Description Post. Ref. Debit Credit
Date Description Post. Ref. Debit Credit
Balance
Credit
Balance
Description Post. Ref. Debit Credit
Balance
Balance
Date Description Post. Ref. Debit
General Ledger (Partial)
Date Description Post. Ref. Debit Credit
Date Description Post. Ref. Debit Credit
Balance
Date Description Post. Ref. Debit Credit
Balance
Date Transaction
1-May Jack Hines invested $50,000 in the business, Memo 1.
2-May
The owner, Jack Hines, invested a desktop computer and printer
(Office Equipment) worth $3,500, Memo 2.
2-May Issued Check 101 for $125 for the purchase of office supplies.
Bought office furniture for $2,700 on account from Office Systems,
Invoice 457.
Bought a Web Server from Computer Specialists Inc. on account for
$35,000, Invoice WS 972.
Received $1,500 from James Mason for Web site services

You might also like