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The document shows journal entries for Vincent Boron Delivery Services for the month of May, including entries for expenses like advertising, supplies, salaries, and utilities as well as revenue from deliveries and cash receipts from customers. It provides account balances at the end of May for assets like cash, accounts receivable, and equipment as well as capital, revenue and expense accounts. The journal tracks the company's financial transactions for the month on an accrual basis according to debit and credit principles.

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Mark Cyphrysse Masiglat
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6K views

E

The document shows journal entries for Vincent Boron Delivery Services for the month of May, including entries for expenses like advertising, supplies, salaries, and utilities as well as revenue from deliveries and cash receipts from customers. It provides account balances at the end of May for assets like cash, accounts receivable, and equipment as well as capital, revenue and expense accounts. The journal tracks the company's financial transactions for the month on an accrual basis according to debit and credit principles.

Uploaded by

Mark Cyphrysse Masiglat
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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problem 8

cash accounts receivavbles


$ 250,000.00 $ 6,700.00
$ 19,250.00 $ 5,750.00
$ 12,350.00 $ 35,000.00
$ 5,600.00
$ 7,000.00
$ 2,080.00
$ 7,400.00
$ 5,000.00 PREPAID INSURANCE
$ 2,750.00 $ 5,600.00
$ 2,800.00

$ 281,600.00 $ 80,080.00
$ 201,520.00

FURNITURE & FIXTURES OFFICE EQUIPMENT


$ 6,700.00 $ 115,000.00

problem 10 vincent boron delivery services


3-May advertising expense 540 $18,500.00
accounts payable 210 $18,500.00
to record advertising expense
6-May supplies expense 550 $8,800.00
accounts payable 210 $8,800.00
supplies purchased on account
15-May office equipment 150 $52,200.00
capital 110 $52,500.00
invested office equipment
17-May cash 110 $61,800.00
accoonts receivable 120 $61,800.00
received cash fom customers charge.
22-May account receivable $8,500.00
delivery $8,500.00
received on account for service rendered
26-May supplies expense 550 $8,800.00
accounts receivable 120 $8,800.00
supplies expense partially settled
29-May salaries expense 510 $21,000.00
cash 110 $21,000.00
paid salaries
30-May cash 110 $39,000.00
delivery revenues 410 $39,000.00
received ash for sevice rendered
31-May gas and oil expense 520 $12,500.00
cash 110 $12,500.00
payment for gasoline and oil expense
31-May accounts receivable 120 $45,000.00
delivery revenues 410 $45,000.00
service rendered on account
31-May Boron withdarawal 320 $14,500.00
cash 110 $14,500.00

$290,600.00
Accounts Payable capital
$ 7,000.00 $ 3,250.00 $ 250,000.00
$ 2,750.00 $ 80,000.00
$ 9,750.00 $ 83,250.00
$ 73,500.00

WITHDRAWAL
$ 5,000.00

$ 355,100.00 = $ 355,100.00

problem 10
cash accounts receivavbles
$ 61,800.00 $ 18,500.00 $ 8,500.00
$ 39,000.00 $ 21,000.00 $ 45,000.00
$ 14,500.00 $ 53,500.00
$ 115,300.00 $ 39,500.00 PREPAID INSURANCE
$ 75,800.00 $ 18,500.00

service vehicle OFFICE EQUIPMENT


$ 12,500.00 $ 52,500.00
LAUNDR revenue SUPPLIES expense utilities expense
$ 19,250.00 $ 3,250.00 $ 2,080.00
$ 12,350.00
$ 31,600.00

RENT EXPENSE SALARIES EXPENSE


$ 5,750.00 $ 7,400.00

MISCELLANEOUS EXPENSE
$ 2,800.00

ccounts receivavbles Accounts Payable capital


$ 61,800.00 $ 8,800.00 $ 8,800.00 $ 52,500.00
WITHDRAWAL
$ 14,500.00
$ 8,300.00

$ 203,600.00 $ 118,300.00

FICE EQUIPMENT

=
tilities expense

ALARIES EXPENSE

revenue SUPPLIES expense utilities expense


$ 8,500.00 $ 8,800.00
$ 39,000.00 $ 8,800.00
$ 45,000.00 RENT EXPENSE SALARIES EXPENSE
$ 21,000.00

gas & oil expense


$ 12,500.00
problem +A1:E3710 vincent boron delivery services
general journal
May-23

DATE ACCOUNT TITLE PR DEBIT CREDIT


3-May advertising expense 540 18500
cash 18500

6-May supplies expense 550 8800


accounts payable 210 8800
supplies purchased on account
15-May office equipment 150 52200
capital 110 52500
invested office equipment
17-May cash 110 61800
accoonts receivable 120 61800
received cash fom customers charge.
22-May account receivable
delivery

26-May supplies expense 550 8800


accounts receivable 120 8800
supplies expense partially settled
29-May salaries expense 510 21000
cash 110 21000
paid salaries
30-May cash 110 39000
delivery revenues 410 39000

31-May gas and oil expense 520 12500


cash 110 12500

31-May accounts receivable 120 45000


delivery revenues 410 45000
service rendered on account
31-May Boron withdarawal 320 14500
cash 110 14500
problem 11

DATE ACCOUNT TITLE PR DEBIT CREDIT


oct. 1 cash 110 50000
java, capital 310 50000
initial invested
2 prepaid insurance 120 14500
cash 110 14500

3 3200
3200

4 rent expense 8900


cash 8900

7 2880
2880

10 62500
62500

11 telecommunication expense 2300


cash 2300

15 furniture 18800
cash 8800
accounts payable 10000

18 accounts payable 3200


3200

21 java, withdrawal 8000


cash 8000

24 1800
1800

25 61400
61400

27 salaries expense 12000


cash 12000
28 equipment 7500
account payable 7500

29 accounts receivable 7000


school fess 7000

30 utilities expense 3600


cash 3600

31 620
620

31 equipment 12300
cash 12300
problem 13

CASH AR NP
$ 71,000.00 $ 50,000.00 $ 4,800.00 $ 4,800.00 $ 2,000.00
$ 1,500.00 $ 1,600.00 $ 3,300.00
$ 4,800.00 $ 4,000.00 $ 6,200.00
$ 3,300.00 $ 1,500.00 $ 11,000.00 $ 8,100.00
$ 3,600.00 $ 400.00 $ 2,900.00 AP
$ 3,200.00 $ 3,200.00
$ 600.00
$ 3,000.00 PS
$ 2,000.00 $ 3,200.00
$ 1,800.00 $ 1,600.00
$ 84,200.00 $ 68,100.00 $ 2,900.00
$ 16,100.00
$ 7,700.00

PE
PI $ 12,300.00
$ 4,000.00 $ 6,000.00
$ 18,300.00

SV
$ 80,000.00

date account titles & description PR DEBIT CREDIT


2-Apr Painting equipment
cash
Villanueva, Capital
investment of owners
3-Apr service vehicle
V. CAPITAL PR
$ 30,000.00 $ 83,300.00
$ 28,000.00

$ 3,200.00 V. WITHDRAWAL
$ 8,900.00 $ 3,000.00
$ 12,100.00
$ 8,900.00

$ 136,300.00 $ 136,300.00
WE UE
$ 4,800.00 $ 1,500.00 $ 600.00
$ 1,500.00 $ 1,800.00
$ 6,200.00 $ 3,300.00
$ 3,600.00
$ 16,100.00 ME
$ 400.00
PROBLEM 12

account: CASH
DATE EXPLANATION J.R. DEBIT
2-May investment of owner $ 92,500.00
7-May payment for accounting and tax books
8-May purcchased office supplies
10-May purchased office condominium
12-May payment for salaries expense
13-May collection from customer $ 9,750.00
16-May payment for telephone expense
19-May received payment in cash $ 14,600.00
23-May withdrawals of owner
25-May payment for salaries expense
27-May payment for professional dues expense
28-May payment for rent expense

account: ACCOUNTS RECEIVABLES


DATE EXPLANATION J.R. DEBIT
6-May Received payment on account $ 29,200.00
13-May collection from customer
25-May Received payment on account $ 31,600.00

account: OFFICE SUPPLIES


DATE EXPLANATION J.R. DEBIT
4-May Purchased supplies on account $ 17,100.00
22-May Purchased supplies on account $ 4,650.00

account: office condominum


DATE EXPLANATION J.R. DEBIT
10-May purchased office condominium $ 265,000.00

account: office equipment


DATE EXPLANATION J.R. DEBIT
3-May purchased office equipmen on account $ 36,800.00

account: accounting library


DATE EXPLANATION J.R. DEBIT
7-May payment for accounting tax and books expense $ 19,500.00
KAREN LEON, CPA
GENERAL LEDGER
May-22

account: notes payable


CREDIT BALANCE DATE EXPLANATION J.R.
$ 92,500.00 10-May purchased office condominium
$ 19,500.00 $ 73,000.00
$ 4,100.00 $ 68,900.00 account: accounts payable
$ 38,000.00 $ 30,900.00 DATE EXPLANATION J.R.
$ 14,200.00 $ 16,700.00 3-May purchased office equipment on account
$ 26,450.00 4-May purchased supplies on account
$ 650.00 $ 25,800.00 8-May purchased supplies on account
$ 40,400.00 22-May purchased supplies on account
$ 8,150.00 $ 32,250.00
$ 10,300.00 $ 21,950.00
$ 5,500.00 $ 16,450.00
$ 3,250.00 $ 13,200.00

CREDIT BALANCE
$ 29,200.00
$ 9,750.00 $ 19,450.00
$ 51,050.00

CREDIT BALANCE
$ 17,100.00
$ 21,750.00

CREDIT BALANCE
$ 265,000.00

CREDIT BALANCE
$ 36,800.00

CREDIT BALANCE
$ 19,500.00
account: leon, capital
DEBIT CREDIT BALANCE DATE EXPLANATION J.R.
$ 227,000.00 2-May investment of owner

account: leon, withdrawal


DEBIT CREDIT BALANCE DATE EXPLANATION J.R.
$ 36,800.00 $ 36,800.00 23-May withdrawals of owner
$ 17,100.00 $ 53,900.00
$ 4,100.00 $ 49,800.00
$ 4,650.00 $ 54,450.00
account: accounting revenues
DEBIT CREDIT balance DATE EXPLANATION
$ 92,500.00 $ 92,500.00 6-May received payment on account
19-May received payment in cash
26-May received payment on account
DEBIT CREDIT balance
$ 8,150.00 $ 8,150.00
account: salaries expense
J.R. DEBIT CREDIT BALANCE DATE EXPLANATION
$ 29,200.00 $ 29,200.00 12-May paymemt for salaries expense
$ 14,600.00 $ 43,800.00 25-May paymemt for salaries expense
$ 31,600.00 $ 75,400.00
account: rent expense
DATE EXPLANATION
28-May payment for rent expense

account: telephone expense


DATE EXPLANATION
16-May payrmnt for telephone expense

account: professional dues expense


DATE EXPLANATION
27-May payment for professional dues expense
salaries expense
EXPLANATION J.R. DEBIT CREDIT BALANCE
paymemt for salaries expense $ 14,200.00 $ 14,200.00
paymemt for salaries expense $ 10,300.00 $ 24,500.00

rent expense
EXPLANATION J.R. DEBIT CREDIT BALANCE
payment for rent expense $ 3,250.00 $ 3,250.00

telephone expense
EXPLANATION J.R. DEBIT CREDIT BALANCE
payrmnt for telephone expense $ 650.00 $ 650.00

professional dues expense


EXPLANATION J.R. DEBIT CREDIT BALANCE
payment for professional dues expense $ 5,500.00 $ 5,500.00

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