Journal Entries:

1-Jun Cash 1,100,000

Tan, Capital 1,100,000

2-Jun Furnitures & Fixtures 200,000

Office Equipment 400,000
Cash

3-Jun Furnitures & Fixtures 12,000

A/P

5-Jun Office Supplies 20,500

Cash

8-Jun Prepaid Insurance 20,000

Cash

10-Jun A/R 50,000

Service Revenue 50,000

11-Jun A/P 6,000

Cash 6,000

15-Jun Salaries Exp 20,000

Cash 20,000

Trial Balance:

Cash 845,500.00
Office Suplies 20,500.00
Prepaid Insurance 20,000.00
Furnitures & Fixtures 212,000.00
Office Equipment 440,000.00
A/P
N/P
Tan, Capital
Tan, Withdrawals 80,000.00
Service Revenue
Salaries Exp 20,000.00
Utilities Exp 10,000.00
Advertising Exp 2,000.00
Rent Exp 20,000.00
 Total 1,670,000.00

2-Jan Cash 500,000

A, Capital 500,000
Ref. Deposit 30000
Prep. Rent 45000
Cash 75000
4-Jan Equipment 250,000
A, Capital 250,000
5-Jan Supplies 50,000
A/P 50,000
Jan-16 Misc. Exp 5,000
Cash 5,000
7-Jan Advertising Exp 25,000
A/P 25,000
8-Jan Cash 15000
Discount 3000
Service Rev 18000
9-Jan Cash 12000
A/R 4800
Service Rev 16800
15-Jan Salaries Exp 25,333.33
Prep. Salaries 12,666.67
Withholding Taxes Paayable 3800
Cash 34,200.00
A/R 11250
Service Revenue 11250
16-Jan Cash 2400
A/R 2400

Basic J/Es:

1-Jan Cash
Bldg
Land
X, Capital

2-Jan Delivery Truck

Cash
N/P

3-Jan Prep. Insurance

 Cash

12-Feb Supplies
Cash

15-Mar Cash
Unearned Service Rev.

30-Apr Salaries Exp.

Prep. Salaries
Cash

1-Jul Utilities Exp

Cash

18-Aug Cash
Service Rev.

20-Sep A/R
Service Rev.

21-Oct Supplies
A/P

23-Nov X, Capital
Supplies

25-Dec Cash
A/R

26-Dec A/R
Service Rev.

30-Dec Tax Expense

Cash
 18-Jun Office Equipment 40,000
Cash 20,000
A/P 20,000

20-Jun Cash 500,000

600,000 Note Payable 500,000

22-Jun Utilities Expense 10,000

12,000 Cash 10,000

23-Jun Cash 16666.67

20,500 A/R 16666.6666667

25-Jun Tan, Withdrawals 80,000

20,000 Cash 80,000

26-Jun A/P 6,000

Cash 6,000

28-Jun Advertising Exp 2,000

Cash 2,000

29-Jun Rent Exp 20,000

Cash 20,000

30-Jun Cash 33,333.33

A/R 33,333.33

20,000.00
500,000.00
1,100,000.00

50,000.00
 1,670,000.00

Adjusting J/Es:

900,000.00 1.) Interest Exp 47,520.00

850,000.00 Interest Pay. 47,520.00
900,000.00
X, Capital 2,650,000.00 2.) Insurance Exp 13,200.00
Prep. Insurance 13,200.00

450,000.00
54,000.00 3.) Sup. Exp 22,200.00
396,000.00 Supplies 22,200.00

13,200.00 4.) Unearned Service Rev. 96,000.00

 13,200.00 Service Revenue 96,000.00

30,000.00 5.) Salaries Exp 26,000.00

30,000.00 Salaries Pay. 26,000.00

120,000.00 6.) Utilities Expense 11,200.00

Unearned Service Rev. 120,000.00 Utilities Payable 11,200.00

51,200.00 7.) Bad Debts Expense 16,225.00

25,600.00 Allowance for Bad Debts 16,225.00
76,800.00
8.) Depreciation Exp 103,750.00
13,500.00 Accum. Dep. 103,750.00
13,500.00
9.) Salaries Exp 25,600.00
25,000.00 Salaries Pay. 25,600.00
Service Rev. 25,000.00

219,500.00
Service Rev. 219,500.00

2,000.00
2,000.00

5,000.00
5,000.00

109,750.00
109,750.00

80,000.00
Service Rev. 80,000.00

2,800.00
2,800.00
Unadjusted Trial Balance

Cash 964,450.00
Bldg 850,000.00
Land 900,000.00
Delivery Truck 450,000.00
Prep. Insurance 13,200.00
Supplies 27,000.00
Prep. Salaries 25,600.00
A/R 189,750.00
N/P 396,000.00
A/P 2,000.00
Unearned Service Revenue 120,000.00
X, Capital 2,645,000.00
Service Revenue 324,500.00
Tax Expense 2,800.00
Utilities Expense 13,500.00
Salaries Expense 51,200.00
3,487,500.00 3,487,500.00
Adjusted Trial Balance

Cash 964,450.00
Bldg 850,000.00
Acc. Dep. - Bldg 103,750.00
Land 900,000.00
Delivery Truck 450,000.00
Supplies 4,800.00
A/R 189,750.00
Allowance for Bad Debts 16,225.00
N/P 396,000.00
A/P 2,000.00
Interest Payable 47,520.00
Salaries Payable 26,000.00
Utilities Payable 11,200.00
Unearned Service Revenue 24,000.00
X, Capital 2,645,000.00
Service Revenue 420,500.00
Tax Expense 2,800.00
Utilities Expense 24,700.00
Salaries Expense 102,800.00
Insurance Expense 13,200.00
Interest Expense 47,520.00
Supplies Exp 22,200.00
Bad Debts Expense 16,225.00
Depreciation Expense 103,750.00
3,692,195.00 3,692,195.00