General Journal: Account Title Date Debit Credit Doc. NO. Post Ref

GENERAL JOURNAL PAGE 13
DOC. POST
DATE ACCOUNT TITLE DEBIT CREDIT
NO. REF.
1 Adjusting Entries 1
2 Dec. 9 Uncollectible Accounts Expense M1 6155 5 3 2 00 2
3 Allowance for Uncollectible Accounts 1130 5 3 2 00 3
4 Dec. 12 Depreciation Expense–Office Equipment M5 6115 3 0 0 00 4
5 Accumulated Depreciation–Office Equipment 1210 3 0 0 00 5
6 Dec. 12 Depreciation Expense–Store Equipment M6 6120 9 0 0 00 6
7 Accumulated Depreciation–Store Equipment 1220 9 0 0 00 7
8 Dec. 31 Interest Receivable M8 1120 3 1 25 8
9 Interest Income 7110 3 1 25 9
10 Dec. 31 Interest Expense M10 8110 3 3 33 10
11 Interest Payable 2110 3 3 33 11
12 Dec. 31 Merchandise Inventory 1135 12 2 9 0 00 12
13 Income Summary 3120 12 2 9 0 00 13
14 Dec. 31 Supplies 1140 12 1 0 0 00 14

15 Supplies Expense 6150 12 1 0 0 00 15
16 Dec. 31 Prepaid Insurance 1145 7 3 7 5 00 16
17 Insurance Expense 6125 7 3 7 5 00 17
18 Dec. 31 Federal Income Tax Payable 2125 5 5 4 6 09 18
19 Federal Income Tax Expense 9105 5 5 4 6 09 19
20 20
21 39 1 0 7 67 39 1 0 7 67 21
GENERAL JOURNAL PAGE 14
DOC. POST
DATE ACCOUNT TITLE DEBIT CREDIT
NO. REF.
1 Closing Entries 1
2 Dec. 31 Interest Income M9 7110 2 7 3 75 2
3 Income Summary 3120 2 7 3 75 3
4 Dec. 31 Sales 4105 2,059 5 4 0 00 4
5 Purchases Discount 5110 11 0 0 6 00 5
6 Purchases Returns and Allowances 5115 5 7 1 0 00 6
7 Gain on Plant Assets 7105 2 2 5 00 7
8 Income Summary 3120 2,076 4 8 1 00 8
9 Dec. 31 Sales Discount 4110 5 6 5 7 00 9
10 Sales Returns and Allowances 4115 24 5 6 8 00 10
11 Purchases 5105 1,474 8 9 8 00 11
12 Advertising Expense 6105 32 9 9 5 00 12
13 Credit Card Fee Expense 6110 20 4 6 8 00 13

14 Depr. Expense–Office Equipment 6115 3 0 0 00 14
15 Depr. Expense–Store Equipment 6120 9 0 0 00 15
16 Insurance Expense 6125 7 3 7 5 00 16
17 Miscellaneous Expense 6130 22 3 8 3 00 17
18 Payroll Taxes Expense 6135 23 7 2 0 00 18
19 Rent Expense 6140 57 4 0 0 00 19
20 Salary Expense 6145 251 9 3 2 00 20
21 Supplies Expense 6150 12 1 0 0 00 21
22 Uncollectible Accounts Expense 6155 5 3 2 00 22
23 Utilities Expense 6160 5 1 2 8 00 23
24 Cash Short and Over 8105 3 00 24
25 Interest Expense 8110 2 3 2 8 33 25
26 Loss on Plant Assets 8115 4 7 0 00 26
27 Federal Income Tax Expense 9105 40 1 4 6 09 27
28 Income Summary 3120 1,983 3 0 3 42 28
29 Dec. 31 Income Summary 3120 105 7 4 1 33 29
30 Retained Earnings 3110 105 7 4 1 33 30
31 Dec. 31 Retained Earnings 3110 90 0 0 0 00 31
32 Dividends 3115 90 0 0 0 00 32
33 33
34 4,255 7 9 9 50 4,255 7 9 9 50 34
TEAMMATES, INC.
POST CLOSING TRIAL BALANCE
December 31st
ACCOUNT TITLE DEBIT CREDIT
Cash 57 8 3 0 59
Petty Cash 3 0 0 00
Notes Receivable 2 5 0 00
Interest Receivable 3 1 25
Accounts Receivable 3 3 0 6 00
Allowance for Uncollectible Accounts 1 3 7 2 00
Merchandise Inventory 227 4 5 0 00
Supplies 4 0 5 5 00
Prepaid Insurance 7 3 7 5 00
Office Equipment 17 7 5 0 00
Accumulated Depreciation–Office Equipment 3 5 2 5 00
Store Equipment 76 8 9 0 00
Accumulated Depreciation–Store Equipment 9 7 8 5 00
Notes Payable 7 8 0 0 00
Interest Payable 3 3 33
Accounts Payable 14 5 5 0 00
Employee Income Tax Payable 2 3 4 0 00
Federal Income Tax Payable 5 5 4 6 09
FICA Tax Payable 2 6 9 5 00
Sales Tax Payable 11 3 7 2 84
Unemployment Tax Payable–Federal 4 7 00
Unemployment Tax Payable–State 3 1 7 25
Health Insurance Premiums Payable 9 9 5 00
Dividends Payable 20 0 0 0 00
Capital Stock 150 0 0 0 00
Retained Earnings 164 8 5 9 33

Totals 395 2 3 7 84 395 2 3 7 84
GENERAL LEDGER
ACCOUNT Cash ACCOUNT NO. 1105
POST BALANCE
DATE ITEM DEBIT CREDIT
REF. DEBIT CREDIT
Nov. 30 Balance ü 72 7 6 0 25
Dec. 31 CR12 26 2 2 6 34 98 9 8 6 59
Dec. 31 CP12 41 1 5 6 00 57 8 3 0 59
GENERAL LEDGER
ACCOUNT Petty Cash ACCOUNT NO. 1110
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 3 0 0 00
GENERAL LEDGER
ACCOUNT Notes Receivable ACCOUNT NO. 1115
POST BALANCE
REF. DEBIT CREDIT
Dec. 14 GJ12 1 3 4 0 00 1 8 9 0 00
Dec. 14 CR12 1 3 4 0 00 5 5 0 00
Dec. 14 GJ12 3 0 0 00 2 5 0 00
GENERAL LEDGER
ACCOUNT Interest Receivable ACCOUNT NO. 1120
POST BALANCE
REF. DEBIT CREDIT
Dec. 31 GJ13 3 1 25 3 1 25
GENERAL LEDGER
ACCOUNT Accounts Receivable ACCOUNT NO. 1125
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 4 9 2 5 00
Dec. 7 GJ12 1 0 5 00 4 8 2 0 00
Dec. 7 GJ12 1 5 7 50 4 6 6 2 50
Dec. 9 GJ12 5 7 5 00 4 0 8 7 50
Dec. 9 GJ12 8 5 0 00 3 2 3 7 50
Dec. 9 GJ12 5 7 5 00 3 8 1 2 50
Dec. 14 GJ12 1 3 4 0 00 2 4 7 2 50
Dec. 14 GJ12 3 0 6 00 2 7 7 8 50
Dec. 31 SJ12 2 4 1 5 00 5 1 9 3 50
Dec. 31 CR12 1 8 8 7 50 3 3 0 6 00
GENERAL LEDGER
ACCOUNT Allowance for Uncollectible Accounts ACCOUNT NO. 1130
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 1 6 9 0 00
Dec. 9 GJ13 5 3 2 00 2 2 2 2 00
Dec. 9 GJ12 5 7 5 00 1 6 4 7 00
Dec. 9 GJ12 8 5 0 00 7 9 7 00
Dec. 9 GJ12 5 7 5 00 1 3 7 2 00
GENERAL LEDGER
ACCOUNT Merchandise Inventory ACCOUNT NO. 1135
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 215 1 6 0 00

Dec. 31 GJ13 12 2 9 0 00 227 4 5 0 00
GENERAL LEDGER
ACCOUNT Supplies ACCOUNT NO. 1140
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 15 4 5 5 00
Dec. 2 CP12 1 5 0 00 15 6 0 5 00
Dec. 10 GJ12 5 5 0 00 16 1 5 5 00
Dec. 31 GJ13 12 1 0 0 00 4 0 5 5 00
GENERAL LEDGER
ACCOUNT Prepaid Insurance ACCOUNT NO. 1145
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 13 5 5 0 00
Dec. 2 CP12 1 2 0 0 00 14 7 5 0 00
Dec. 31 GJ13 7 3 7 5 00 7 3 7 5 00
GENERAL LEDGER
ACCOUNT Office Equipment ACCOUNT NO. 1205
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 18 2 5 0 00
Dec. 12 CR12 5 0 0 00 17 7 5 0 00
GENERAL LEDGER
ACCOUNT Accumulated Depreciation–Office Equipment ACCOUNT NO. 1210
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 3 6 2 5 00
Dec. 12 GJ13 3 0 0 00 3 9 2 5 00
Dec. 12 CR12 4 0 0 00 3 5 2 5 00
GENERAL LEDGER
ACCOUNT Store Equipment ACCOUNT NO. 1215
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 77 1 9 0 00
Dec. 12 CR12 3 0 0 00 76 8 9 0 00
GENERAL LEDGER
ACCOUNT Accumulated Depreciation–Store Equipment ACCOUNT NO. 1220
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 9 1 2 5 00
Dec. 12 GJ13 9 0 0 00 10 0 2 5 00
Dec. 12 CR12 2 4 0 00 9 7 8 5 00
GENERAL LEDGER
ACCOUNT Notes Payable ACCOUNT NO. 2105
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 2 8 0 0 00
Dec. 13 CR12 5 0 0 0 00 7 8 0 0 00
Dec. 13 CR12 6 0 0 0 00 13 8 0 0 00
Dec. 13 CR12 3 0 0 0 00 16 8 0 0 00
Dec. 14 CP12 5 0 0 0 00 11 8 0 0 00
Dec. 14 CP12 6 0 0 0 00 5 8 0 0 00
Dec. 14 GJ12 2 0 0 0 00 7 8 0 0 00
Dec. 14 CR12 3 0 0 0 00 10 8 0 0 00
Dec. 14 CP12 3 0 0 0 00 7 8 0 0 00
GENERAL LEDGER
ACCOUNT Interest Payable ACCOUNT NO. 2110
POST BALANCE
REF. DEBIT CREDIT
Dec. 31 GJ13 3 3 33 3 3 33
GENERAL LEDGER
ACCOUNT Accounts Payable ACCOUNT NO. 2115
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 10 0 0 0 00
Dec. 2 GJ12 2 5 0 00 9 7 5 0 00
Dec. 2 GJ12 1 5 0 00 9 6 0 0 00
Dec. 10 GJ12 5 5 0 00 10 1 5 0 00
Dec. 14 GJ12 2 0 0 0 00 8 1 5 0 00
Dec. 31 PJ12 17 4 0 0 00 25 5 5 0 00
Dec. 31 CP12 11 0 0 0 00 14 5 5 0 00
GENERAL LEDGER
ACCOUNT Employee Income Tax Payable ACCOUNT NO. 2120
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 2 3 4 0 00
GENERAL LEDGER
ACCOUNT Federal Income Tax Payable ACCOUNT NO. 2125
POST BALANCE
REF. DEBIT CREDIT
Dec. 31 GJ13 5 5 4 6 09 5 5 4 6 09
GENERAL LEDGER
ACCOUNT FICA Tax Payable ACCOUNT NO. 2130
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 2 6 9 5 00
GENERAL LEDGER
ACCOUNT Sales Tax Payable ACCOUNT NO. 2135
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 10 9 8 2 00
Dec. 7 GJ12 5 00 10 9 7 7 00
Dec. 7 GJ12 7 50 10 9 6 9 50
Dec. 31 SJ12 1 1 5 00 11 0 8 4 50
Dec. 31 CR12 2 9 0 00 11 3 7 4 50
Dec. 31 CR12 1 66 11 3 7 2 84
GENERAL LEDGER
ACCOUNT Unemployment Tax Payable–Federal ACCOUNT NO. 2140
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 ü 4 7 00
GENERAL LEDGER
ACCOUNT Unemployment Tax Payable–State ACCOUNT NO. 2145
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 ü 3 1 7 25
GENERAL LEDGER
ACCOUNT Health Insurance Premiums Payable ACCOUNT NO. 2150
POST BALANCE
REF. DEBIT CREDIT
GENERAL LEDGER
ACCOUNT Dividends Payable ACCOUNT NO. 2155
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 20 0 0 0 00
Dec. 31 GJ12 10 0 0 0 00 30 0 0 0 00
Dec. 31 CP12 10 0 0 0 00 20 0 0 0 00
GENERAL LEDGER
ACCOUNT Capital Stock ACCOUNT NO. 3105
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 150 0 0 0 00
GENERAL LEDGER
ACCOUNT Retained Earnings ACCOUNT NO. 3110
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 149 1 1 8 00
Dec. 31 GJ14 105 7 4 1 33 254 8 5 9 33
Dec. 31 GJ14 90 0 0 0 00 164 8 5 9 33
GENERAL LEDGER
ACCOUNT Dividends ACCOUNT NO. 3115
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 80 0 0 0 00
Dec. 31 GJ12 10 0 0 0 00 90 0 0 0 00
Dec. 31 GJ14 90 0 0 0 00 0 00
GENERAL LEDGER
ACCOUNT Income Summary ACCOUNT NO. 3120
POST BALANCE
REF. DEBIT CREDIT
Dec. 31 GJ13 12 2 9 0 00 12 2 9 0 00
Dec. 31 GJ14 2 7 3 75 12 5 6 3 75
Dec. 31 GJ14 2076 4 8 1 00 2089 0 4 4 75
Dec. 31 GJ14 1983 3 0 3 42 105 7 4 1 33
Dec. 31 GJ14 105 7 4 1 33 0 00
GENERAL LEDGER
ACCOUNT Sales ACCOUNT NO. 4105
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 2051 4 4 0 00

Dec. 31 SJ12 2 3 0 0 00 2053 7 4 0 00
Dec. 31 CR12 5 8 0 0 00 2059 5 4 0 00
Dec. 31 GJ14 2059 5 4 0 00 0 00
GENERAL LEDGER
ACCOUNT Sales Discount ACCOUNT NO. 4110
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 5 6 2 4 00
Dec. 31 CR12 3 3 33 5 6 5 7 00
Dec. 31 GJ14 5 6 5 7 00 0 00
GENERAL LEDGER
ACCOUNT Sales Returns and Allowances ACCOUNT NO. 4115
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 24 3 1 8 00
Dec. 7 GJ12 1 0 0 00 24 4 1 8 00
Dec. 7 GJ12 1 5 0 00 24 5 6 8 00
Dec. 31 GJ14 24 5 6 8 00 0 00
GENERAL LEDGER
ACCOUNT Purchases ACCOUNT NO. 5105
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 1454 7 9 8 00
Dec. 2 CP12 1 2 0 0 00 1455 9 9 8 00
Dec. 11 CP12 1 5 0 0 00 1457 4 9 8 00
Dec. 31 PJ12 17 4 0 0 00 1474 8 9 8 00
Dec. 31 GJ14 1474 8 9 8 00 0 00
GENERAL LEDGER
ACCOUNT Purchases Discount ACCOUNT NO. 5110
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 10 7 6 6 00
Dec. 31 CP12 2 4 0 00 11 0 0 6 00
Dec. 31 GJ14 11 0 0 6 00 0 00
GENERAL LEDGER
ACCOUNT Purchases Returns and Allowances ACCOUNT NO. 5115
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 5 3 1 0 00
Dec. 2 GJ12 2 5 0 00 5 5 6 0 00
Dec. 2 GJ12 1 5 0 00 5 7 1 0 00
Dec. 31 GJ14 5 7 1 0 00 0 00
GENERAL LEDGER
ACCOUNT Advertising Expense ACCOUNT NO. 6105
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 32 6 0 0 00
Dec. 2 CP12 1 3 0 00 32 7 3 0 00
Dec. 3 CP12 1 5 00 32 7 4 5 00
Dec. 12 CP12 2 5 0 00 32 9 9 5 00
Dec. 31 GJ14 32 9 9 5 00 0 00
GENERAL LEDGER
ACCOUNT Credit Card Fee Expense ACCOUNT NO. 6110
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 20 4 6 8 00
Dec. 31 GJ14 20 4 6 8 00 0 00
GENERAL LEDGER
ACCOUNT Depreciation Expense–Office Equipment ACCOUNT NO. 6115
POST BALANCE
REF. DEBIT CREDIT
Dec. 12 GJ13 3 0 0 00 3 0 0 00
Dec. 31 GJ14 3 0 0 00 0 00
GENERAL LEDGER
ACCOUNT Depreciation Expense–Store Equipment ACCOUNT NO. 6120
POST BALANCE
REF. DEBIT CREDIT
Dec. 12 GJ13 9 0 0 00 9 0 0 00
Dec. 31 GJ14 9 0 0 00 0 00
GENERAL LEDGER
ACCOUNT Insurance Expense ACCOUNT NO. 6125
POST BALANCE
REF. DEBIT CREDIT
Dec. 31 GJ13 7 3 7 5 00 7 3 7 5 00
Dec. 31 GJ14 7 3 7 5 00 0 00
GENERAL LEDGER
ACCOUNT Miscellaneous Expense ACCOUNT NO. 6130
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 22 3 5 0 00
Dec. 2 CP12 2 5 00 22 3 7 5 00
Dec. 3 CP12 8 00 22 3 8 3 00
Dec. 31 GJ14 22 3 8 3 00 0 00
GENERAL LEDGER
ACCOUNT Payroll Taxes Expense ACCOUNT NO. 6135
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 23 7 2 0 00
Dec. 31 GJ14 23 7 2 0 00 0 00
GENERAL LEDGER
ACCOUNT Rent Expense ACCOUNT NO. 6140
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 56 4 0 0 00
Dec. 1 CP12 1 0 0 0 00 57 4 0 0 00
Dec. 31 GJ14 57 4 0 0 00 0 00
GENERAL LEDGER
ACCOUNT Salary Expense ACCOUNT NO. 6145
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 251 9 3 2 00

Dec. 31 GJ14 251 9 3 2 00 0 00
GENERAL LEDGER
ACCOUNT Supplies Expense ACCOUNT NO. 6150
POST BALANCE
REF. DEBIT CREDIT
Dec. 31 GJ13 12 1 0 0 00 12 1 0 0 00
Dec. 31 GJ14 12 1 0 0 00 0 00
GENERAL LEDGER
ACCOUNT Credit Card Fee Expense ACCOUNT NO. 6110
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 20 4 6 8 00
Dec. 31 GJ14 20 4 6 8 00 0 00
GENERAL LEDGER
ACCOUNT Uncollectible Accounts Expense ACCOUNT NO. 6155
POST BALANCE
REF. DEBIT CREDIT
Dec. 9 GJ13 5 3 2 00 5 3 2 00
Dec. 31 GJ14 5 3 2 00 0 00
GENERAL LEDGER
ACCOUNT Utilities Expense ACCOUNT NO. 6160
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 4 8 9 0 00
Dec. 2 CP12 2 2 5 00 5 1 1 5 00
Dec. 3 CP12 1 3 00 5 1 2 8 00
Dec. 31 GJ14 5 1 2 8 00 0 00
GENERAL LEDGER
ACCOUNT Gain on Plant Assets ACCOUNT NO. 7105
POST BALANCE
REF. DEBIT CREDIT
Dec. 31 GJ14 2 2 5 00 0 00
GENERAL LEDGER
ACCOUNT Interest Income ACCOUNT NO. 7110
POST BALANCE
REF. DEBIT CREDIT
Dec. 14 CR12 3 3 50 2 3 6 50
Dec. 14 GJ12 6 00 2 4 2 50
Dec. 31 GJ13 3 1 25 2 7 3 75
Dec. 31 GJ14 2 7 3 75 0 00
GENERAL LEDGER
ACCOUNT Cash Short and Over ACCOUNT NO. 8105
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 3 00
Dec. 31 GJ14 3 00 0 00
GENERAL LEDGER
ACCOUNT Interest Expense ACCOUNT NO. 8110
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 1 3 7 5 00
Dec. 14 CP12 2 0 0 00 1 5 7 5 00
Dec. 14 CP12 4 8 0 00 2 0 5 5 00
Dec. 14 CR12 2 4 0 00 2 2 9 5 00
Dec. 31 GJ13 3 3 33 2 3 2 8 33
Dec. 31 GJ14 2 3 2 8 33 0 00
GENERAL LEDGER
ACCOUNT Loss on Plant Assets ACCOUNT NO. 8115
POST BALANCE
REF. DEBIT CREDIT
Dec. 12 CR12 1 0 00 4 7 0 00
Dec. 31 GJ14 4 7 0 00 0 00
GENERAL LEDGER
ACCOUNT Federal Income Tax Expense ACCOUNT NO. 9105
POST BALANCE
REF. DEBIT CREDIT
Nov. 30 Balance ü 34 6 0 0 00
Dec. 31 GJ13 5 5 4 6 09 40 1 4 6 09
Dec. 31 GJ14 40 1 4 6 09 0 00

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GENERAL JOURNAL PAGE 13

2 Dec. 9 Uncollectible Accounts Expense M1 6155 5 3 2 00 2

3 Allowance for Uncollectible Accounts 1130 5 3 2 00 3

4 Dec. 12 Depreciation Expense–Office Equipment M5 6115 3 0 0 00 4

5 Accumulated Depreciation–Office Equipment 1210 3 0 0 00 5

6 Dec. 12 Depreciation Expense–Store Equipment M6 6120 9 0 0 00 6

7 Accumulated Depreciation–Store Equipment 1220 9 0 0 00 7

8 Dec. 31 Interest Receivable M8 1120 3 1 25 8

9 Interest Income 7110 3 1 25 9

10 Dec. 31 Interest Expense M10 8110 3 3 33 10

11 Interest Payable 2110 3 3 33 11

12 Dec. 31 Merchandise Inventory 1135 12 2 9 0 00 12

13 Income Summary 3120 12 2 9 0 00 13

14 Dec. 31 Supplies 1140 12 1 0 0 00 14

16 Dec. 31 Prepaid Insurance 1145 7 3 7 5 00 16

17 Insurance Expense 6125 7 3 7 5 00 17

18 Dec. 31 Federal Income Tax Payable 2125 5 5 4 6 09 18

19 Federal Income Tax Expense 9105 5 5 4 6 09 19

2 Dec. 31 Interest Income M9 7110 2 7 3 75 2

3 Income Summary 3120 2 7 3 75 3

4 Dec. 31 Sales 4105 2,059 5 4 0 00 4

5 Purchases Discount 5110 11 0 0 6 00 5

6 Purchases Returns and Allowances 5115 5 7 1 0 00 6

7 Gain on Plant Assets 7105 2 2 5 00 7

8 Income Summary 3120 2,076 4 8 1 00 8

9 Dec. 31 Sales Discount 4110 5 6 5 7 00 9

10 Sales Returns and Allowances 4115 24 5 6 8 00 10

11 Purchases 5105 1,474 8 9 8 00 11

12 Advertising Expense 6105 32 9 9 5 00 12

13 Credit Card Fee Expense 6110 20 4 6 8 00 13

15 Depr. Expense–Store Equipment 6120 9 0 0 00 15

16 Insurance Expense 6125 7 3 7 5 00 16

17 Miscellaneous Expense 6130 22 3 8 3 00 17

18 Payroll Taxes Expense 6135 23 7 2 0 00 18

19 Rent Expense 6140 57 4 0 0 00 19

20 Salary Expense 6145 251 9 3 2 00 20

21 Supplies Expense 6150 12 1 0 0 00 21

22 Uncollectible Accounts Expense 6155 5 3 2 00 22

23 Utilities Expense 6160 5 1 2 8 00 23

24 Cash Short and Over 8105 3 00 24

25 Interest Expense 8110 2 3 2 8 33 25

26 Loss on Plant Assets 8115 4 7 0 00 26

27 Federal Income Tax Expense 9105 40 1 4 6 09 27

28 Income Summary 3120 1,983 3 0 3 42 28

29 Dec. 31 Income Summary 3120 105 7 4 1 33 29

30 Retained Earnings 3110 105 7 4 1 33 30

31 Dec. 31 Retained Earnings 3110 90 0 0 0 00 31

ACCOUNT TITLE DEBIT CREDIT

Accumulated Depreciation–Office Equipment 3 5 2 5 00

Accumulated Depreciation–Store Equipment 9 7 8 5 00

Employee Income Tax Payable 2 3 4 0 00

Federal Income Tax Payable 5 5 4 6 09

FICA Tax Payable 2 6 9 5 00

Sales Tax Payable 11 3 7 2 84

Unemployment Tax Payable–Federal 4 7 00

Unemployment Tax Payable–State 3 1 7 25

Health Insurance Premiums Payable 9 9 5 00

Capital Stock 150 0 0 0 00

Retained Earnings 164 8 5 9 33

ACCOUNT Cash ACCOUNT NO. 1105

ACCOUNT Petty Cash ACCOUNT NO. 1110

ACCOUNT Notes Receivable ACCOUNT NO. 1115

ACCOUNT Interest Receivable ACCOUNT NO. 1120