Fresh Fruit Company

Khang Luu
Journal Entries
April 2012

Date
1 April 1st

2 April 1st

3 April 1st

4 April 6th

5 April 9th

6 April 10th

7 April 15th

8 April 16th

9 April 23rd

10 April 25th

11 April 30th

12 April 30th

13 April 30th

14 April 30th

15 April 30th

16 April 30th
17 April 30th

18 April 30th
Company

ies

Accounts Credit Debit

Cash 40000
Common Stock 25000
Notes Payable 15000
Prepaid Rent 3600
Cash 3600

Adjustments
Interest Expense 104.17
Interest Payable 104.17
Depreciation Expense 600
Accumulated Depreciation 600
Supplies Expense 260
Supplies 260
Rent Expense 1200
 Prepaid Rent 1200
Service Revenue 2800
Sales Revenue 2000
Income Summary 4800
Income Summary 9704.17
Interest Expense 104.17
Depreciation Expense 600
Supplies Expense 260
Rent Expense 1200
Utilities Expense 300
Salary Expense 7000
Advertising Expense 240
 Assets Liabilities

Cash Notes Payable

Debit Credit Debit
1-Apr 50000 3600 1-Apr
9-Apr 500 40000 1-Apr Total Debit
10-Apr 800 300 6-Apr Net Total
16-Apr 500 5000 15-Apr
30-Apr 1300 240 25-Apr Accounts Payable
2000 30-Apr Debit
Total Debit 53100 51140 Total Credit
Balance 1960 Total Debit
Net Total
Equipment
Debit Credit Interest Payable
1-Apr 40000 Debit
Total Debit 40000 Total Credit
Balance 40000 Total Debit
Net Total
Supplies
Debit Credit Unearned Service Revenue
6-Apr 300 260 30-Apr Debit
Total Debit 40 260 Total Credit
Balance 40 Total Debit
Net Total
Accounts Recievable
Debit Credit Equity
10-Apr 1200 500 16-Apr
30-Apr 1500 Common Stock
Total Debit 2700 500 Total Credit Debit
Balance 2200
Total Debit
Prepaid Rent Net Total
Debit Credit
1-Apr 3600 1200 30-Apr Income Summary
Total Debit 3600 1200 Total Credit Debit
Balance 2400 30-Apr 9704.17
Total Debit 9704.17
Accumulated Depreciation Net Total 4904.17
Debit Credit
600 30-Apr Retained Earnings
Total Debit 600 Total Credit Debit
600
Total Debit
Net Total
 Expenses

Rent Expense
Credit Debit Credit
25000 1-Apr 30-Apr 1200 1200 30-Apr
25000 Total Credit Total Debit 1200 1200 Total Credit
25000 Net Total 0

ounts Payable Interest Expense

Credit Debit Credit
500 16-Apr 30-Apr 104.17 104.17 30-Apr
500 Total Credit Total Debit 104.17 104.17 Total Credit
500 Net Total 0.00

Utilities Expense
Credit Debit Credit
104.17 30-Apr 23-Apr 300 300 30-Apr
104.17 Total Credit Total Debit 300 300 Total Credit
104.17 Net Total 0

nearned Service Revenue

Credit Advertising Expense
500 9-Apr Debit Credit
500 Total Credit 25-Apr 240 240 30-Apr
500 Total Debit 240 240 Total Credit
Net Total 0

Depreciation Expense
ommon Stock Debit Credit
Credit 30-Apr 600 600 30-Apr
25000 1-Apr Total Debit 600 600 Total Credit
25000 Total Credit Net Total 0
25000
Supplies Expense
come Summary Debit Credit
Credit 30-Apr 260 260 30-Apr
4800 30-Apr Total Debit 260 260 Total Credit
4800 Total Credit Net Total 0

Salary Expense
etained Earnings Debit Credit
Credit 15-Apr 5000 7000 30-Apr
0 30-Apr 30-Apr 2000
0 Total Credit Total Debit 7000 7000 Total Credit
0 Net Total 0
 Revenue

Sales Revenue
Debit Credit
30-Apr 2000 2000 10-Apr
Total Debit 2000 2000 Total Credit
Net Total 0

Service Revenue
Debit Credit
30-Apr 2800 2800 30-Apr
Total Debit 2800 2800 Total Credit
Net Total 0
Trial Balance
Account Debit
Cash 1960
Equipment 40000
Supplies 40
Accounts Recievable 2200
Prepaid Rent 2400
Accumulated Depreciation
Notes Payable
Accounts Payable
Interest Payable
Common Stock
Rent Expense 1200
Salary Expense 7000
Utilities Expense 300
Advertising Expense 240
Interest Expense 104.17
Depreciation Expense 600
Supplies Expense 260
Unearned Service Revenue
Sales Revenue
Service Revenue
Totals 56304.1666666667

Income Statement Ending April 31st

Revenues
Debit
Service Revenue
Sales Revenue

Total Revenue

Expenses

Rent Expense 1200

Salary Expense 7000
Utilities Expense 300
Advertising Expense 240
Interest Expense 104.17
Depreciation Expense 600
Supplies Expense 260
Total Expenses

Net Income

Retained Earnings Statement

Retained Earnings, April 1st 0

Net Income -4904.1666666667
Total -4904.1666666667

Dividends 0

Retained Earnings, April 31st -4904.1666666667

Balance Sheet Ending April 31st

Assets
Cash 1960
Equipment 40000
Supplies 40
Accounts Recievable 2200
Prepaid Rent 2400
Accumulated Depreciation -600
Total Assets
Liabilities and Stockholders Equity
Liabilities
Notes Payable 25000
Accounts Payable 500
Unearned Service Revenue 500
Interest Payable 104.17
Total Liabilities
Stockholders Equity
Common Stock 25000
Retained Earnings -4904.1666666667
Total Equity
Total Liabilities and Stockholders Equity
Credit

600
25000
500
104.17
25000

500
2000
2800
56504.1666666667

Credit Totals
2800
2000

4800
 9704.16667

-4904.16667

46000
uity

26104.1666666667

20095.8333333333
46200