PSA2.

5 - Liu Advertising Pty Ltd

Assets
Cash Accounts Receivable Supplies

Liabilities
Accounts Payable Unearned Revenue

Equity
Share Capital

Income

Expense
Rent Expense

Service Revenue Salaries Expense

Assets = A -

Liabilities + L -

Equity (Capital E - Capital -

Drawings

Income -

Expenses)

Income -

Expenses -

Liu Advertising Pty Ltd Chart of Accounts Cash Accounts Receivable Supplies Accounts Payable Revenue Received in Advance Share Capital Service Revenue Salaries Expense Rent Expense 100 110 115 200 209 300 400 500 510

Liu Advertising Pty Ltd - General Journal Date Accounts Post Ref Dr Cr

Liu Advertising Pty Ltd - General Journal ACCOUNT: Cash at Bank

Date Particulars Post Ref Debit

Account No. 100

Credit Balance

ACCOUNT: Accounts Receivable

Date Particulars Post Ref Debit

Account No. 110

Credit Balance

ACCOUNT: Supplies
Date Particulars Post Ref Debit

Account No. 115

Credit Balance

ACCOUNT: Accounts Payable

Date Particulars Post Ref Debit

Account No. 200

Credit Balance

ACCOUNT: Revenue Received in Advance

Date Particulars Post Ref Debit

Account No. 209

Credit Balance

ACCOUNT: Share Capital

Date Particulars Post Ref Debit

Account No. 300

Credit Balance

ACCOUNT: Service Revenue

Date Particulars Post Ref Debit

Account No. 400

Credit Balance

ACCOUNT: Salary Expense

Date Particulars Post Ref Debit

Account No. 500

Credit Balance

ACCOUNT: Rent Expense

Date Particulars Post Ref Debit

Account No. 510

Credit Balance

Liu Advertising Pty Ltd - Financial Statements Trial Balance

Account

Post Ref

Debit

Credit

Income Statement

Calculation of Retained Earnings

Statement of Financial Position

Liu Advertising Pty Ltd - Financial Statements Trial Balance

Account

Post Ref

Debit

Credit

Income Statement

Calculation of Retained Earnings

Statement of Financial Position