1

Working Papers (Instruction #1) Journal (Instruction #2) DATE ACCO !T" A!D E#P$A!ATIO!" DE%IT C&EDIT

Jul'

Cas( %uil+ings Capital

2)*))) 12)*))) 1,)*)))

Note:: In EVERY journal entry, the debited accounts are always listed FIRST followed by the credited accounts. Note that the credit account ( a!ital" is IN#ENTE# a few s!aces to the ri$ht, and followin$, the debited accounts. RE%E%&ER ' the total a(ount debited will )*+)YS e,ual the total a(ount credited -.,... / 0-.,... 1 02.,....

2 1) 1, 17 2) 22 2, 27 2. 2/ 0)

3ost the abo4e entries to the 5*ed$er6 on !a$es 7 and 8

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A+1usting Entries (Instruction #0) DATE )djustin$ Entries DE%IT C&EDIT ACCO !T" A!D E#P$A!ATIO!"

Jul'

01 (a) 01 (b) 31 (c) 01 (d) 31 (e)

Closing Entries (Instruction #2) DATE

losin$ Entries DE%IT C&EDIT

ACCO !T" A!D E#P$A!ATIO!"

Jul'

Clo

3ost the abo4e entries to the 5*ed$er6 on !a$es 7 and 8

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Instruction #,

&e3enues E4penses

!et Inco5e

(Statement of Owners Equity provided nothing for you to do) KEEPSAFE CO. Statement of Owners Equ t! For "ont# Ended $u%! 31& 2'11 (e) nn n) Ca* ta%& $u%! 1& 2'11 A--. /et 0ncome 1ESS. 2 t#draw End n) Ca* ta%& $u%! 31& 2'11 (1&''' ) +

+ 1,'&'''

Instruction #-

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6EEP"A7E CO8 %alance "(eet Jul' 01* 2)11

5
)SSETS

Total Assets *I)&I*ITIES

E9:ITY

Total $ia9ilities an+ E:uit'

$e+ger (Post A$$ 1ournal entr' +ata) J $;

1 2 ,

ash
#E&IT RE#IT

1, 1< 2, 2<

2)*)))

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2. 2/ 0) %al J $;

)ccounts 3ayable
#E&IT RE#IT

)ccounts Recei4able
J $;
#E&IT RE#IT

Salaries 3ayable
J $;
#E&IT RE#IT

;ffice Su!!lies
J $;
#E&IT RE#IT

a!ital
J $;
#E&IT RE#IT

1,)*)))

%isc. Su!!lies
J $;
#E&IT RE#IT

+ithdrawal
J $;
#E&IT RE#IT

3re!aid Insurance
J $;
#E&IT RE#IT

Re4enues
J $;
#E&IT RE#IT

&uildin$
J $;
#E&IT RE#IT

12)*))) )ccu( #e!rec < &ld$ #e!rec E=! < &ld$

J $;
#E&IT RE#IT

J $;

#E&IT

RE#IT

Salaries E=!ense
J $;
#E&IT RE#IT

;ffice Su!!ly E=!.

J $;
#E&IT RE#IT

Insurance E=!ense
J $;
#E&IT RE#IT

Tele!hone E=!ense
J $;
#E&IT RE#IT

E,ui! Rent E=!ense

J $;
#E&IT RE#IT

Re!air E=!ense
J $;
#E&IT RE#IT

Inco(e Su((ary
J $;
#E&IT RE#IT