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During July the following transactions
were completed.
July 1 Invested $8,000 cash in business.
1 Purchased used truck for $6,000, paying $3,000 cash and the balance on account.
3 Purchased cleaning supplies for $900 on account.
5 Paid $1,200 cash on one‐year insurance plicy effective March 1.
12 Billed customers $2,500 for cleaning servies.
18 Paid $1,000 cash on amount owed on truck and $500 on amount owed on cleaning supplies.
20 Paid $1,200 cash for employee salaries.
21 Collected $1,400 cash from customers billed on July 12.
25 Billed customers $3,000 for cleaning services.
31 Paid gas and oil for month on truck $200.
31 Withdrew $600 cash for personal use.
The chart of accounts for Jan's Window Washing contains the following accounts: No. 101 Cash,
No. 112 Accounts Receivable, No. 128 Cleaning Supplies, No. 130 Prepaid Insurance, No. 157
Equipment, No. 158 Accumulated depreciation‐Equipment, No. 201 Accounts Payable, No. 212
Salaries Payable, No. 301 Jan Jansen, Capital, No. 306 Jan Jansen, Drawing, No. 350 Income Summary,
No. 400 Fees Earned, No. 633 Gas & Oil Expense, No. 634 Cleaning Supplies Expense, No. 711
Depreciation Expense, No.722 Insurance Expense, No. 726 Salaries Expense.
Instructions:
a. Journalize and post the July transactions. Use J1 for the Journal and the three column form
of account.
b. Prepare a trial balance at July 31 on a work sheet.
c. Enter the following adjustments on the work sheet and complete the work sheet.
1 Earned but unbilled fees at July 31 was $1,100.
2 Depreciatoin on equipment for the month was $200.
3 One‐twelfth of the insurance expired.
4 An inventory count shows $600 of cleaning supplies on hand at July 31.
5 Accured but unpaid employee salaries were $500.
d. Prepare the Income Statement and Owner's Equity Statement for July and a Classisfied
Balance Sheet at July 31.
e. Journalize and post adjusting entries. Use page J2 for the Journal.
f. Journalize and post closing entries and completed closing process. Use page J3 for the Journal.
g. Prepare a Post‐Closing Trial Balance at July 31.
Promotion 9, Year I, Semester II, Stage I, Group D'1, Room E‐107 Mr. Proeun That Tel: 089 92 57 82
4.1 a
General Journal J1
Date Account Title and Explantion Ref. Debit Credit
July
1 Cash 101 8,000
Jan Jansen, Capital 301 8,000
(Invested cash in the business)
Promotion 9, Year I, Semester II, Stage I, Group D'1, Room E‐107 Mr. Proeun That Tel: 089 92 57 82
4.1 a Page 1 of 2
General Ledger
Cash No. 101
Date Explanation Ref. Debit Credit Balance
July, 1 Invested Cash in business J1 8,000 8,000
1 Purchased truck paid half of amount J1 3,000 5,000
5 Paid cash for one‐year insurance policy J1 1,200 3,800
18 Paid account owed on truck and supplies J1 1,500 2,300
20 Paid cash for employee salaries J1 1,200 1,100
21 Collected cash from customer billed J1 1,400 2,500
31 Paid cash for gas and oil on truck J1 200 2,300
31 Owner's withdrew for personal use J1 600 1,700
Accounts Receivable No. 112
Date Explanation Ref. Debit Credit Balance
July, 12 Billed customer for cleaning services J1 2,500 2,500
21 Collected cash from customer bill J1 1,400 1,100
25 Billed customer for cleaning services J1 3,000 4,100
Cleaning Supplies No. 128
Date Explanation Ref. Debit Credit Balance
July, 3 Purchased cleaning supplies on credit J1 900 900
Prepaid Insurance No. 130
Date Explanation Ref. Debit Credit Balance
July, 5 Paid cash for one‐year insurance policy J1 1,200 1,200
Equipment No. 157
Date Explanation Ref. Debit Credit Balance
July, 1 Purchase use truck J1 6,000 6,000
Accumulated Depreciation‐Equipment No. 158
Date Explanation Ref. Debit Credit Balance
Accounts Payable No. 201
Date Explanation Ref. Debit Credit Balance
July, 1 Purchased use truck paid half of amount J1 3,000 3,000
3 Purchased cleaning supplies on credit J1 900 3,900
28 Paid amount owed on truck and supplies J1 1,500 2,400
Salaries Payble No. 212
Date Explanation Ref. Debit Credit Balance
Jan Jansen, Capital No. 301
Date Explanation Ref. Debit Credit Balance
July, 1 Invested cash in the business J1 8,000 8,000
Jan Jansen, Drawing No. 306
Date Explanation Ref. Debit Credit Balance
July, 31 Owner withdrew for personal use J1 600 600
Income Summary No. 350
Date Explanation Ref. Debit Credit Balance
Fees Earned No. 400
Date Explanation Ref. Debit Credit Balance
July, 12 Billed customer for cleaing services J1 2,500 2,500
25 Billed customer for cleaing services J1 3,000 5,500
Gas and Oil Expense No. 633
Date Explanation Ref. Debit Credit Balance
July, 31 Paid cash for gas and oil on truck J1 200 200
Cleaning Supplies Expense No. 634
Date Explanation Ref. Debit Credit Balance
Depreciation Expense No. 711
Date Explanation Ref. Debit Credit Balance
Insurance Expense No. 722
Date Explanation Ref. Debit Credit Balance
Salaries Expense No. 726
Date Explanation Ref. Debit Credit Balance
July, 20 Paid cash for employee salries J1 1,200 1,200
Adjusted Trial
Trial Balance Adjustment Income Statement Balance Sheet
Account Title Balance
Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
Cash 1,700 1,700 1,700
Accounts Receivable 4,100 (1) 1,100 5,200 5,200
Cleaning Supplies 900 (4) 300 600 600
Prepaid Insurance 1,200 (3) 100 1,100 1,100
Equipment 6,000 6,000 6,000
Accounts Payable 2,400 2,400 2,400
H. Kohl, Capital 8,000 8,000 8,000
H. Kohl, Drawing 600 600 600
Fees Earned 5,500 (1) 1,100 6,600 6,600
Gas and Oil Expense 200 200 200
Salaries Expense 1,200 (5) 400 1,600 1,600
Total 15,900 15,900
Accumulated depre. Equip. (2) 200 200 200
Depreciation Expense (2) 200 200 200
Insurance Expense (3) 100 100 100
Cleaning Supplies Expense (4) 300 300 300
Salaries Payable (5) 400 400 400
Total 2,100 2,100 17,600 17,600 2,400 6,600 15,200 11,000
Net Income 4,200 4,200
Total 6,600 6,600 15,200 15,200
Jan's Window Washing
Income Statemet
For the month ended July, 31
Revenues
Fees Earned $ 6,600
Expenses
Gas & Oil Expense $ 200
Salaries Expense $ 1,600
Depreciation Expense $ 200
Insurance Expense $ 100
Cleaning Supplies Expense $ 300
Total Expenses $ 2,400
Net Income $ 4,200
Jan's Window Washing
Statement of Owner's Equity
For the month ended July, 31
Jan Jansen, Capital July 1 $ ‐
Add: Investments $ 8,000
Net Revenue $ 4,200
$ 12,200
Less: Drawings $ 600
Jan Jansen, Capital July 31 $ 11,600
Jan's Window Washing
Balance Sheet
For the month ended July, 31
Assets
Current Assets
Cash $ 1,700
Accounts Receivable $ 5,200
Cleaning Supplies $ 600
Prepaid Insurance $ 1,100
Total Current Assets $ 8,600
Property, Plant, and Equipment
Equipment $ 6,000
Less: Accumulated depreciation‐equipment $ 200 $ 5,800
Total Assets $ 14,400
Liabilities and Owner's Equipty
Current Liablities
Accounts Payable $ 2,400
Salaries Payable $ 400
Total Current Liablities $ 2,800
Total Liablities $ 2,800
Owner's Equity
Jan Jansen, Capital $ 11,600
Total Liabilities and Owner's Equity $ 14,400
Promotion 9, Year I, Semester II, Stage I, Group D'1, Room E‐107 Mr. Proeun That Tel: 089 92 57 82
4.1 Page 1 of 2
General Ledger
Cash No. 101
Date Explanation Ref. Debit Credit Balance
July, 1 Invested Cash in business J1 8,000 8,000
1 Purchased truck paid half of amount J1 3,000 5,000
5 Paid cash for one‐year insurance policy J1 1,200 3,800
18 Paid account owed on truck and supplies J1 1,500 2,300
20 Paid cash for employee salaries J1 1,200 1,100
21 Collected cash from customer billed J1 1,400 2,500
31 Paid cash for gas and oil on truck J1 200 2,300
31 Owner's withdrew for personal use J1 600 1,700
Accounts Receivable No. 112
Date Explanation Ref. Debit Credit Balance
July, 12 Billed customer for cleaning services J1 2,500 2,500
21 Collected cash from customer bill J1 1,400 1,100
25 Billed customer for cleaning services J1 3000 4,100
31 Adj. Entry J2 1,100 5,200
Cleaning Supplies No. 128
Date Explanation Ref. Debit Credit Balance
July, 3 Purchased cleaning supplies on credit J1 900 900
31 Adj. Entry J2 300 600
Prepaid Insurance No. 130
Date Explanation Ref. Debit Credit Balance
July, 5 Paid cash for one‐year insurance policy J1 1,200 1,200
31 Adj. Entry J2 100 1,100
Equipment No. 157
Date Explanation Ref. Debit Credit Balance
July, 1 Purchase use truck J1 6,000 6,000
Accumulated Depreciation‐Equipment No. 158
Date Explanation Ref. Debit Credit Balance
July, 31 Adj. Entry J2 200 200
Accounts Payable No. 201
Date Explanation Ref. Debit Credit Balance
July, 1 Purchased use truck paid half of amount J1 3,000 3,000
3 Purchased cleaning supplies on credit J1 900 3,900
28 Paid amount owed on truck and supplies J1 1,500 2,400
Salaries Payble No. 212
Date Explanation Ref. Debit Credit Balance
July, 31 Adj. Entry J2 400 400
Jan Jansen, Capital No. 301
Date Explanation Ref. Debit Credit Balance
July, 1 Invested cash in the business J1 8,000 8,000
Jan Jansen, Drawing No. 306
Date Explanation Ref. Debit Credit Balance
July, 31 Owner withdrew for personal use J1 600 600
Income Summary No. 350
Date Explanation Ref. Debit Credit Balance
Fees Earned No. 400
Date Explanation Ref. Debit Credit Balance
July, 12 Billed customer for cleaing services J1 2,500 2,500
25 Billed customer for cleaing services J1 3,000 5,500
31 Adj. Entry J2 1,100 6,600
Gas and Oil Expense No. 633
Date Explanation Ref. Debit Credit Balance
July, 31 Paid cash for gas and oil on truck J1 200 200
Cleaning Supplies Expense No. 634
Date Explanation Ref. Debit Credit Balance
July, 31 Adj. Entry J2 300 300
Depreciation Expense No. 711
Date Explanation Ref. Debit Credit Balance
July, 31 Adj. Entry J2 200 200
Insurance Expense No. 722
Date Explanation Ref. Debit Credit Balance
July, 31 Adj. Entry J2 100 100
Salaries Expense No. 726
Date Explanation Ref. Debit Credit Balance
July, 20 Paid cash for employee salries J1 1,200 1,200
31 Adj. Entry J2 400 1,600
(2)
31 Income Summary 350 2,400
Gas & Oil Expense 633 200
Cleaning Supplies Expense 634 300
Depreciation Expense 711 200
Insurance Expense 722 100
Salaries Expense 726 1,600
(To close Expenses account)
(3)
31 Income Summary 350 4,200
Jan Jansen, Capital 301 4,200
(To close net income to capital)
(4)
31 Jan Jansen, Capital 301 600
Jan Jansen, Drwaing 306 600
(To close drawing to capital)
Promotion 9, Year I, Semester II, Stage I, Group D'1, Room E‐107 Mr. Proeun That Tel: 089 92 57 82
4.1 f Page 1 of 2
General Ledger
Cash No. 101
Date Explanation Ref. Debit Credit Balance
July, 1 Invested Cash in business J1 8,000 8,000
1 Purchased truck paid half of amount J1 3,000 5,000
5 Paid cash for one‐year insurance policy J1 1,200 3,800
18 Paid account owed on truck and supplies J1 1,500 2,300
20 Paid cash for employee salaries J1 1,200 1,100
21 Collected cash from customer billed J1 1,400 2,500
31 Paid cash for gas and oil on truck J1 200 2,300
31 Owner's withdrew for personal use J1 600 1,700
Accounts Receivable No. 112
Date Explanation Ref. Debit Credit Balance
July, 12 Billed customer for cleaning services J1 2,500 2,500
21 Collected cash from customer bill J1 1,400 1,100
25 Billed customer for cleaning services J1 3000 4,100
31 Adj. Entry J2 1,100 5,200
Cleaning Supplies No. 128
Date Explanation Ref. Debit Credit Balance
July, 3 Purchased cleaning supplies on credit J1 900 900
31 Adj. Entry J2 300 600
Prepaid Insurance No. 130
Date Explanation Ref. Debit Credit Balance
July, 5 Paid cash for one‐year insurance policy J1 1,200 1,200
31 Adj. Entry J2 100 1,100
Equipment No. 157
Date Explanation Ref. Debit Credit Balance
July, 1 Purchase use truck J1 6,000 6,000
Accumulated Depreciation‐Equipment No. 158
Date Explanation Ref. Debit Credit Balance
July, 31 Adj. Entry J2 200 200
Accounts Payable No. 201
Date Explanation Ref. Debit Credit Balance
July, 1 Purchased use truck paid half of amount J1 3,000 3,000
3 Purchased cleaning supplies on credit J1 900 3,900
28 Paid amount owed on truck and supplies J1 1,500 2,400
Salaries Payble No. 212
Date Explanation Ref. Debit Credit Balance
July, 31 Adj. Entry J2 400 400
Jan Jansen, Capital No. 301
Date Explanation Ref. Debit Credit Balance
July, 1 Invested cash in the business J1 8,000 8,000
31 Closing Entry (3) J3 4,200 12,200
31 Closing Entry (4) J3 600 11,600
Jan Jansen, Drawing No. 306
Date Explanation Ref. Debit Credit Balance
July, 31 Owner withdrew for personal use J1 600 600
31 Closing Entry (4) J3 600 0
Income Summary No. 350
Date Explanation Ref. Debit Credit Balance
July, 31 Closing Entry (1) J3 6,600 6,600
31 Closing Entry (2) J3 2,400 4,200
31 Closeing Entry (3) J3 4,200 0
Fees Earned No. 400
Date Explanation Ref. Debit Credit Balance
July, 12 Billed customer for cleaing services J1 2,500 2,500
25 Billed customer for cleaing services J1 3,000 5,500
31 Adj. Entry J2 1,100 6,600
31 Closing Entry J3 6,600 0
Gas and Oil Expense No. 633
Date Explanation Ref. Debit Credit Balance
July, 31 Paid cash for gas and oil on truck J1 200 200
31 Closing Entry J3 200 0
Cleaning Supplies Expense No. 634
Date Explanation Ref. Debit Credit Balance
July, 31 Adj. Entry J2 300 300
31 Closing Entry J3 300 0
Depreciation Expense No. 711
Date Explanation Ref. Debit Credit Balance
July, 31 Adj. Entry J2 200 200
31 Closing Entry J3 200 0
Insurance Expense No. 722
Date Explanation Ref. Debit Credit Balance
July, 31 Adj. Entry J2 100 100
31 Closing Entry J3 100 0
Salaries Expense No. 726
Date Explanation Ref. Debit Credit Balance
July, 20 Paid cash for employee salries J1 1,200 1,200
31 Adj. Entry J2 400 1,600
31 Closing Entry J3 1,600 0
$ 14,600 $ 14,600
Promotion 9, Year I, Semester II, Stage I, Group D'1, Room E‐107 Mr. Proeun That Tel: 089 92 57 82
4.2 Helga Hohl opened Helga's Carpet Cleaners on March 1. During, the following transactions were
completed.
March 1 Invested $10,000 cash in business.
1 Purchased used truck for $6,000, paying $4,000 cash and the balance on account.
3 Purchased cleaning supplies for $1,200 on account.
5 Paid $1,800 cash on one‐year insurance plicy effective March 1.
14 Billed customers $2,800 for cleaning servies.
18 Paid $1,500 cash on amount owed on truck and $500 on amount owed on cleaning supplies.
20 Paid $1,500 cash for employee salaries.
21 Collected $1,600 cash from customers billed on March 14.
28 Billed customers $3,200 for cleaning services.
31 Paid gas and oil for month on truck $200.
31 Withdrew $900 cash for personal use.
The chart of accounts for Helga's Carpet Cleaners contains the following accounts: No. 101 Cash,
No. 112 Accounts Receivable, No. 128 Cleaning Supplies, No. 130 Prepaid Insurance, No. 157
Equipment, No. 158 Accumulated depreciation‐Equipment, No. 201 Accounts Payable, No. 212
Salaries Payable, No. 301 H. Kohl, Capital, No. 306 H. Kohl, Drawing, No. 350 Income Summary,
No. 400 Fees Earned, No. 633 Gas & Oil Expense, No. 634 Cleaning Supplies Expense, No. 711
Depreciation Expense, No.722 Insurance Expense, No. 726 Salaries Expense.
Instructions:
a. Journalize and post the March transactions. Use J1 for the Journal and the three column form
of account.
b. Prepare a trial balance at March 31 on a work sheet.
c. Enter the following adjustments on the work sheet and complete the work sheet.
1 Earned but unbilled fees at March 31 was $600.
2 Depreciatoin on equipment for the month was $250.
3 One‐twelfth of the insurance expired.
4 An inventory count shows $400 of cleaning supplies on hand at March 31.
5 Accured but unpaid employee salaries were $500.
d. Prepare the Income Statement and Owner's Equity Statement for March and a Classisfied
Balance Sheet at March 31.
e. Journalize and post adjusting entries. Use page J2 for the Journal.
f. Journalize and post closing entries and completed closing process. Use page J3 for the Journal.
g. Prepare a Post‐Closing Trial Balance at March 31.
Promotion 9, Year I, Semester II, Stage I, Group D'1, Room E‐107 Mr. Proeun That Tel: 089 92 57 82
4.2 a
General Journal J1
Date Account Title and Explantion Ref. Debit Credit
March
1 Cash 101 10,000
H. Kohl, Capital 301 10,000
(Invested cash in the business)
Promotion 9, Year I, Semester II, Stage I, Group D'1, Room E‐107 Mr. Proeun That Tel: 089 92 57 82
4.2 Page 1 of 2
General Ledger
Cash No. 101
Date Explanation Ref. Debit Credit Balance
March, 1 Invested Cash in business J1 10,000 10,000
1 Purchased truck J1 4,000 6,000
5 Paid cash for one‐year insurance J1 1,800 4,200
18 Paid account owed on truck and supplies J1 2,000 2,200
20 Paid cash for employee salaries J1 1,500 700
21 Collected cash from customer billed J1 1,600 2,300
31 Paid cash for gas and oil on truck J1 200 2,100
31 Owner's withdrew for personal use J1 900 1,200
Accounts Receivable No. 112
Date Explanation Ref. Debit Credit Balance
March, 14 Billed customer for cleaning services J1 2,800 2,800
21 Collected cash from customer bill J1 1,600 1,200
28 Billed customer for cleaning services J1 3,200 4,400
Cleaning Supplies No. 128
Date Explanation Ref. Debit Credit Balance
March, 3 Purchased cleaning supplies on credit J1 1,200 1,200
Prepaid Insurance No. 130
Date Explanation Ref. Debit Credit Balance
March, 5 Paid cash for one‐year insurance policy J1 1,800 1,800
Equipment No. 157
Date Explanation Ref. Debit Credit Balance
March, 1 Purchase use truck J1 6,000 6,000
Accumulated Depreciation‐Equipment No. 158
Date Explanation Ref. Debit Credit Balance
Accounts Payable No. 201
Date Explanation Ref. Debit Credit Balance
March, 1 Purchased use truck J1 2,000 2,000
3 Purchased cleaning supplies on credit J1 1,200 3,200
28 Paid amount owed on truck and supplies J1 2,000 1,200
Salaries Payble No. 212
Date Explanation Ref. Debit Credit Balance
H. Kohl, Capital No. 301
Date Explanation Ref. Debit Credit Balance
March, 1 Invested cash in the business J1 10,000 10,000
H. Kohl, Drawing No. 306
Date Explanation Ref. Debit Credit Balance
March, 31 Owner withdrew for personal use J1 900 900
Income Summary No. 350
Date Explanation Ref. Debit Credit Balance
Fees Earned No. 400
Date Explanation Ref. Debit Credit Balance
March, 14 Billed customer for cleaing services J1 2,800 2,800
28 Billed customer for cleaing services J1 3,200 6,000
Gas and Oil Expense No. 633
Date Explanation Ref. Debit Credit Balance
March, 31 Paid cash for gas and oil on truck J1 200 200
Cleaning Supplies Expense No. 634
Date Explanation Ref. Debit Credit Balance
Depreciation Expense No. 711
Date Explanation Ref. Debit Credit Balance
Insurance Expense No. 722
Date Explanation Ref. Debit Credit Balance
Salaries Expense No. 726
Date Explanation Ref. Debit Credit Balance
March, 20 Paid cash for employee salries J1 1,500 1,500
Adjusted Trial
Trial Balance Adjustment Income Statement Balance Sheet
Account Title Balance
Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
Cash 1,200 1,200 1,200
Accounts Receivable 4,400 (1) 600 5,000 5,000
Cleaning Supplies 1,200 (4) 800 400 400
Prepaid Insurance 1,800 (3) 150 1,650 1,650
Equipment 6,000 6,000 6,000
Accounts Payable 1,200 1,200 1,200
H. Kohl, Capital 10,000 10,000 10,000
H. Kohl, Drawing 900 900 900
Fees Earned 6,000 (1) 600 6,600 6,600
Gas and Oil Expense 200 200 200
Salaries Expense 1,500 (5) 500 2,000 2,000
Total 17,200 17,200
Accumulated depre. Equip. (2) 250 250 250
Depreciation Expense (2) 250 250 250
Insurance Expense (3) 150 150 150
Cleaning Supplies Expense (4) 800 800 800
Salaries Payable (5) 500 500 500
Total 2,300 2,300 18,550 18,550 3,400 6,600 15,150 11,950
Net Income 3,200 3,200
Total 6,600 6,600 15,150 15,150
Helga's Carpet Cleaners
Income Statemet
For the month ended March, 31
Revenues
Fees Earned $ 6,600
Expenses
Gas & Oil Expense $ 200
Salaries Expense $ 2,000
Depreciation Expense $ 250
Insurance Expense $ 150
Cleaning Supplies Expense $ 800
Total Expenses $ 3,400
Net Income $ 3,200
Helga's Carpet Cleaners
Statement of Owner's Equity
For the month ended March, 31
H. Kohl, Capital March 1 $ ‐
Add: Investments $ 10,000
Net Revenue $ 3,200
$ 13,200
Less: Drawings $ 900
H.Kohl, Capital March 31 $ 12,300
Helga's Carpet Cleaners
Balance Sheet
For the month ended March, 31
Assets
Current Assets
Cash $ 1,200
Accounts Receivable $ 5,000
Cleaning Supplies $ 400
Prepaid Insurance $ 1,650
Total Current Assets $ 8,250
Property, Plant, and Equipment
Equipment $ 6,000
Less: Accumulated depreciation‐equipment $ 250 $ 5,750
Total Assets $ 14,000
Liabilities and Owner's Equipty
Current Liablities
Accounts Payable $ 1,200
Salaries Payable $ 500
Total Current Liablities $ 1,700
Total Liablities $ 1,700
Owner's Equity
H. Kohl, Capital $ 12,300
Total Liabilities and Owner's Equity $ 14,000
Promotion 9, Year I, Semester II, Stage I, Group D'1, Room E‐107 Mr. Proeun That Tel: 089 92 57 82
4.2 Page 1 of 2
General Ledger
Cash No. 101
Date Explanation Ref. Debit Credit Balance
March, 1 Invested Cash in business J1 10,000 10,000
1 Purchased truck J1 4,000 6,000
5 Paid cash for one‐year insurance J1 1,800 4,200
18 Paid account owed on truck and supplies J1 2,000 2,200
20 Paid cash for employee salaries J1 1,500 700
21 Collected cash from customer billed J1 1,600 2,300
31 Paid cash for gas and oil on truck J1 200 2,100
31 Owner's withdrew for personal use J1 900 1,200
Accounts Receivable No. 112
Date Explanation Ref. Debit Credit Balance
March, 14 Billed customer for cleaning services J1 2,800 2,800
21 Collected cash from customer bill J1 1,600 1,200
28 Billed customer for cleaning services J1 3,200 4,400
31 Adj.Entry J2 600 5,000
Cleaning Supplies No. 128
Date Explanation Ref. Debit Credit Balance
March, 28 Purchased cleaning supplies on credit J1 1,200 1,200
31 Adj.Entry J2 800 400
Prepaid Insurance No. 130
Date Explanation Ref. Debit Credit Balance
March, 5 Paid cash for one‐year insurance policy J1 1,800 1,800
31 Adj.Entry J2 150 1,650
Equipment No. 157
Date Explanation Ref. Debit Credit Balance
March, 3 Purchase use truck J1 6,000 6,000
Accumulated Depreciation‐Equipment No. 158
Date Explanation Ref. Debit Credit Balance
March, 31 Adj.Entry J2 250 250
Accounts Payable No. 201
Date Explanation Ref. Debit Credit Balance
March, 1 Purchased use truck J1 2,000 2,000
3 Purchased cleaning supplies on credit J1 1,200 3,200
28 Paid amount owed on truck and supplies J1 2,000 1,200
Salaries Payble No. 212
Date Explanation Ref. Debit Credit Balance
March, 31 Adj. Entry J2 500 500
H. Kohl, Capital No. 301
Date Explanation Ref. Debit Credit Balance
March, 1 Invested cash in the business J1 10,000 10,000
H. Kohl, Drawing No. 306
Date Explanation Ref. Debit Credit Balance
March, 31 Owner withdrew for personal use J1 900 900
Income Summary No. 350
Date Explanation Ref. Debit Credit Balance
Fees Earned No. 400
Date Explanation Ref. Debit Credit Balance
March, 14 Billed customer for cleaing services J1 2,800 2,800
28 Billed customer for cleaing services J1 3,200 6,000
31 Adj. Entry J2 600 6,600
Gas and Oil Expense No. 633
Date Explanation Ref. Debit Credit Balance
March, 31 Paid cash for gas and oil on truck J1 200 200
Cleaning Supplies Expense No. 634
Date Explanation Ref. Debit Credit Balance
March, 31 Adj. Entry J2 800 800
Depreciation Expense No. 711
Date Explanation Ref. Debit Credit Balance
March, 31 Adj. Entry J2 250 250
Insurance Expense No. 722
Date Explanation Ref. Debit Credit Balance
March, 31 Adj. Entry J2 150 150
Salaries Expense No. 726
Date Explanation Ref. Debit Credit Balance
March, 20 Paid cash for employee salries J1 1,500 1,500
31 Adj. Entry J2 500 2,000
(2)
31 Income Summary 350 3,400
Gas & Oil Expense 633 200
Cleaning Supplies Expense 634 800
Depreciation Expense 711 250
Insurance Expense 722 150
Salaries Expense 726 2,000
(To close Expenses account)
(3)
31 Income Summary 350 3,200
H. Kohl, Capital 301 3,200
(To close net income to capital)
(4)
31 H. Kohl, Capital 301 900
H. Kohl, Drwaing 306 900
(To close drawing to capital)
Promotion 9, Year I, Semester II, Stage I, Group D'1, Room E‐107 Mr. Proeun That Tel: 089 92 57 82
4.2 Page 1 of 2
General Ledger
Cash No. 101
Date Explanation Ref. Debit Credit Balance
March, 1 Invested Cash in business J1 10,000 10,000
1 Purchased truck J1 4,000 6,000
5 Paid cash for one‐year insurance J1 1,800 4,200
18 Paid account owed on truck and supplies J1 2,000 2,200
20 Paid cash for employee salaries J1 1,500 700
21 Collected cash from customer billed J1 1,600 2,300
31 Paid cash for gas and oil on truck J1 200 2,100
31 Owner's withdrew for personal use J1 900 1,200
Accounts Receivable No. 112
Date Explanation Ref. Debit Credit Balance
March, 14 Billed customer for cleaning services J1 2,800 2,800
21 Collected cash from customer bill J1 1,600 1,200
28 Billed customer for cleaning services J1 3,200 4,400
31 Adj.Entry J2 600 5,000
Cleaning Supplies No. 128
Date Explanation Ref. Debit Credit Balance
March, 28 Purchased cleaning supplies on credit J1 1,200 1,200
31 Adj.Entry J2 800 400
Prepaid Insurance No. 130
Date Explanation Ref. Debit Credit Balance
March, 5 Paid cash for one‐year insurance policy J1 1,800 1,800
31 Adj.Entry J2 150 1,650
Equipment No. 157
Date Explanation Ref. Debit Credit Balance
March, 3 Purchase use truck J1 6,000 6,000
Accumulated Depreciation‐Equipment No. 158
Date Explanation Ref. Debit Credit Balance
March, 31 Adj.Entry J2 250 250
Accounts Payable No. 201
Date Explanation Ref. Debit Credit Balance
March, 1 Purchased use truck J1 2,000 2,000
3 Purchased cleaning supplies on credit J1 1,200 3,200
28 Paid amount owed on truck and supplies J1 2,000 1,200
Salaries Payble No. 212
Date Explanation Ref. Debit Credit Balance
March, 31 Adj. Entry J2 500 500
H. Kohl, Capital No. 301
Date Explanation Ref. Debit Credit Balance
March, 1 Invested cash in the business J1 10,000 10,000
31 Closing Entry (3) J3 3,200 13,200
31 Closing Entry (4) J3 900 12,300
H. Kohl, Drawing No. 306
Date Explanation Ref. Debit Credit Balance
March, 31 Owner withdrew for personal use J1 900 900
31 Closing Entry (4) J3 900 0
Income Summary No. 350
Date Explanation Ref. Debit Credit Balance
March, 31 Closing Entry (1) J3 6,600 6,600
31 Closing Entry (2) J3 3,400 3,200
31 Closing Entry (3) J3 3,200 0
Fees Earned No. 400
Date Explanation Ref. Debit Credit Balance
March, 14 Billed customer for cleaing services J1 2,800 2,800
28 Billed customer for cleaing services J1 3,200 6,000
31 Adj. Entry J2 600 6,600
31 Closing Entry J3 6,600 0
Gas and Oil Expense No. 633
Date Explanation Ref. Debit Credit Balance
March, 31 Paid cash for gas and oil on truck J1 200 200
31 Closing Entry (2) J3 200 0
Cleaning Supplies Expense No. 634
Date Explanation Ref. Debit Credit Balance
March, 31 Adj. Entry J2 800 800
31 Closing Entry (2) J3 800 0
Depreciation Expense No. 711
Date Explanation Ref. Debit Credit Balance
March, 31 Adj. Entry J2 250 250
31 Closing Entry (2) J3 250 0
Insurance Expense No. 722
Date Explanation Ref. Debit Credit Balance
March, 31 Adj. Entry J2 150 150
31 Closing Entry (2) J3 150 0
Salaries Expense No. 726
Date Explanation Ref. Debit Credit Balance
March, 20 Paid cash for employee salries J1 1,500 1,500
31 Adj. Entry J2 500 2,000
31 Closing Entry (2) J3 2,000 0
$ 14,250 $ 14,250
Promotion 9, Year I, Semester II, Stage I, Group D'1, Room E‐107 Mr. Proeun That Tel: 089 92 57 82