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Accounting 101

This document contains financial information for Resultay Eye Clinic for June 1, including a trial balance sheet with asset, liability and equity accounts; a general journal with transactions labeled A through K; T-accounts showing the debits and credits for each account; and a trial balance showing the total debits equal the total credits. It provides an overview of the company's financial position and transactions for the period.

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Joyce Cariño
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281 views6 pages

Accounting 101

This document contains financial information for Resultay Eye Clinic for June 1, including a trial balance sheet with asset, liability and equity accounts; a general journal with transactions labeled A through K; T-accounts showing the debits and credits for each account; and a trial balance showing the total debits equal the total credits. It provides an overview of the company's financial position and transactions for the period.

Uploaded by

Joyce Cariño
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as XLSX, PDF, TXT or read online on Scribd
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ASSETS LIABILITIES + EQUITY

CASH A/R SUPPLIES OFFICE EQUIPMENT COMPUTER A/P


A 20,000
B -8,400
C -7,750 7,750
D ### 91,800
E -6,000 ### 12,400
F 24,210
G -9,000 -9,000
H 2,430
I -9,900
J 25,150
K Personal transaction are not part of the business transaction
TOTAL 30,740 7,750 91,800 18,400 95,200

BALANCE 148,690
LIABILITIES + EQUITY

RESULTAY'S CAPITAL
###
RENT ###

24,210 REVENUE

2,430 UTILITIES
-9,900 SALARIES
25,150 SERVICE REVENUE

53,490

148,690
GENERAL JOURNAL
DATE ACCOUNT TITLES AND EXPLANATIONS DEBIT CREDIT
A CASH 200,000
RESULTAY, CAPITAL 200,000
B RENT EXPENSE 8,400
CASH 8,400
C OFFICE EQUIPMENT 7,750
CASH 7,750
D OFFICE EQUIPMENT 91,800
ACCOUNT PAYABLE 91,800
E OFFICE EQUIPMENT 18,400
CASH 6,000
ACCOUNTS PAYABLE 12,400
F CASH 24,210
SERVICE REVANUE 24,210
G ACCOUNTS PAYABLE 9,000
CASH 9,000
H UTILITIES EXPENSE 2,430
CASH 2,430
I SALARIES EXPENSE 9,900
CASH 9,900
J CASH 25,150
SERVICE REVANUE 25,150
K RESULTAY, WITHDRAWAL 12,500
CASH 12,500

TOTAL 409,540 409,540


RESULTAY EYE CLINIC
1-Jun
T-ACCOUNTS

CASH OFFICE EQUIPMENT ACCOUNTS PAYABLE RESULTAY, CAPITAL


A 200,000 B. 8,400 C. 7,750 G. 9,000 D. 91,800
F. 24,210 C. 7,750 D. 91,800 E. 12,400
J. 25,150 E. 6,000 E. 18,400
G. 9,000
H. 2,430
I. 9,900
K. 12,500
249,360 55,980 9,000 104,200
193,380 117,950 95,200

SERVICE REVENUE UTILITIES EXPENSE RENT EXPENSE SALARIES EXPENSE


F. 24,210 H. 2,430 B. 8,400 I. 9,900
RESULTAY, CAPITAL
A. 200,000

RESULTAY, WITHDRAWALS
K. 12,500

SALARIES EXPENSE
RESULTAY EYE CLINIC
1-Jun-15
TRIAL BALANCE

ACCOUNTS DEBIT CREDIT


CASH 193,380
OFFICE EQUIPMENT 117,950
ACCOUNTS PAYABLE 95,200
CAPITAL 200,000
SERVICE REVENUE 49,360
UTILITIES EXPENSE 2,430
RENT EXPENSE 8,400
SALARIES EXPENSE 9,900
WITHDRAWALS 12,500
TOTAL 344,560 344,560

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