JOURNAL ENTRY (UNADJUSTED) T-ACCOUNTS (UNADJUS
DATE ACCOUNT TITLES AND EXPLANATIOPR DEBIT CREDIT CASH
2023 150000
1-Dec CASH 110 150000 20000
DETOYA, CAPITAL 310 150000
To record the investment.
2 RENT EXPENSE 530 8000
CASH 110 8000
To record the payment for rent. 170000
2 SUPPLIES 140 7200 93800
ACCOUNTS PAYABLE 210 7200
To record the supplies purchased ACCOUNTS RECEIVABL
on account. 48000
3 OFFICE EQUIPMENT 150 75000 48000
CASH 110 37000
ACCOUNTS PAYABLE 210 38000 SUPPLIES
To record the office equipment purchased 7200
and its balance. 7200
8 ACCOUNTS PAYABLE 210 7200
CASH 110 7200 OFFICE EQUIPMENT
To record the payment for the supplies 75000
purchased on account. 75000
14 SALARIES EXPENSE 510 6000
CASH 110 6000 ACCOUNTS PAYABLE
To record the salaries paid for assitant. 7200
20 CASH 110 20000
CONSULTING REVENUE 410 20000 7200
To record the cash received for the
performed consulting services.
28 SALARIES EXPENSE 510 6000
CASH 110 6000
To record the salaries paid for assitant.
30 ACCOUNTS RECEIVABLE 120 48000
CONSULTING REVENUE 410 48000
To record the cash receivable for the
performed consulting services.
31 DETOYA, WITHDRAWALS 320 12000
CASH 110 12000
To record the cash withdrew.
ADJUSTING JOURNAL ENTRIES
DATE ACCOUNT TITLES AND EXPLANATIOPR DEBIT CREDIT
31-Dec-23
a SUPPLIES EXPENSE 520 2500
SUPPLIES 140 2500
To record supplies used.
b SALARIES EXPENSE 510 1800
SALARIES PAYABLE 220 1800
To record salaries expense accrued.
c DEPRECIATION EXPENSE - EQUIPME 540 800
ACCUMULATED DEPRECIATION 155 800
To record the depreciation of the equipment.
d FEES RECEIVABLE 10000
CONSULTING REVENUE 10000
To record earned and unpaid consulting
services.
CLOSING JOURNAL ENTRIES POST-CLOSING T-ACCOU
DATE ACCOUNT TITLES AND EXPLANATIOPR DEBIT CREDIT CASH
2023 150000
31-Dec CONSULTING REVENUE 410 78000 20000
INCOME SUMMARY 330 78000
To close the income account.
INCOME SUMMARY 330 25100
SALARIES EXPENSES 510 13800
SUPPLIES EXPENSES 520 2500 170000
RENT EXPENSES 530 8000 93800
DEPRECIATION EXPENSES 540 800
To close expense account. ACCOUNTS RECEIVABL
INCOME SUMMARY 330 52900 48000
DETOYA, CAPITAL 310 52900 48000
To close the income summary account
DETOYA, CAPITAL 310 12000 SUPPLIES
DETOYA, WITHDRAWALS 320 12000 7200
To close the withdrawals account. 7200
7200
4700
OFFICE EQUIPMENT
75000
75000
ACCUMULATED DEP-EQ
T-ACCOUNTS (UNADJUSTED) ACCOUNT TITLES
CASH DETOYA, CAPITAL 110 CASH
8000 150000 120 ACCOUNTS RECEIVABLE
37000 150000 130 FEES RECEIVABLE
7200 140 SUPPLIES
6000 DETOYA, WITHDRAWALS 150 OFFICE EQUIPMENT
6000 12000 155 ACCUMULATED DEPRECIATION - EQUIPMENT
12000 12000 210 ACCOUNTS PAYABLE
76200 220 SALARIES PAYABLE
CONSULTING REVENUES 310 DETOYA, CAPITAL
20000 320 DETOYA, WITHDRAWALS
ACCOUNTS RECEIVABLE 48000 330 INCOME SUMMARY
68000 410 CONSULTING REVENUE
510 SALARIES EXPENSE
SALARIES EXPENSE 520 SUPPLIES EXPENSE
SUPPLIES 6000 530 RENT EXPENSE
6000 540 DEPRECIATION EXPENSE
12000
OFFICE EQUIPMENT RENT EXPENSE Detoya Tax Firm
8000 Income Statement
8000 For the month ended Dec 31, 2023
REVENUE
ACCOUNTS PAYABLE CONSULTING REVENUE 78000
7200 TOTAL REVENUE 78000
38000 EXPENSES
45200 SALARIES EXPENSE 13800
38000 SUPPLIES EXPENSE 2500
RENT EXPENSE 8000
DEPRECIATION EXPENS 800
TOTAL EXPENSES 25,100
PROFIT 52900
POST-CLOSING T-ACCOUNTS
CASH ACCOUNTS PAYABLE CONSULTING REVENUES
8000 7200 7200 20000
37000 38000 48000
7200 7200 45200 68000
6000 38000 10000
6000 78000 78000
12000 SALARIES PAYABLE 0
76200 1800
1800 SALARIES EXPENSE
6000
ACCOUNTS RECEIVABLE FEES RECEIVABLE 6000
10000 12000 1800
10000 13800 13800
0
SUPPLIES DETOYA, CAPITAL
150000 SUPPLIES EXPENSE
2500 12000 150000 2500 2500
2500 52900 0
12000 202900
190900 RENT EXPENSE
OFFICE EQUIPMENT 8000
DETOYA, WITHDRAWALS 8000 8000
12000 0
12000 12000
ACCUMULATED DEP-EQUIP 0 DEPRECIATION EXPENSE
800 800 800
800 0
UNADJUSTED TRIAL BALAADJUSTMENTS ADJUSTED TRIAL BALANC
93800 93800
48000 48000
10000 10000
7200 2500 4700
75000 75000
ATION - EQUIPMENT 800 800
38000 38000
1800 1800
150000 150000
12000 12000
68000 10000 78000
12000 1800 13800
2500 2500
8000 8000
800 800
256000 256000 15100 15100 268600 268600
Detoya Tax Firm Detoya Tax Firm
SCE Balance Sheet
For the month ended Dec 31, 2023 As of Dec 31, 2023
Detoya, Capital, 12/01/23 150000 ASSETS
Add: Profit 52900 CURRENT ASSETS
Total 202900 CASH
Less: Withdrawal -12000 ACCOUNTS RECEIVABLE
Detoya, Capital, 12/31/23 190,900 FEES RECEIVABLE
SUPPLIES
TOTAL CURRENT ASSETS
NONCURRENT ASSETS
OFFICE EQUIPMENT
ACCUMULATED DEPRECIATION
TOTAL NONCURRENT ASSETS
TOTAL ASSETS
LIABILITIES AND OWNER'S EQUITY
CURRENT LIABILITIES
ACCOUNTS PAYABLE
SALARIES PAYABLE
TOTAL CURRENT LIABILITIES
TOTAL LIABILITIES
Detoya, Capital, 12/31/23
TOTAL LIABILITIES AND OWNER'S EQUITY
INCOME STATEMENT TRI BALANCE SHEET TRIAL B POST-CLOSING TRIAL BALANCE
93800 93800
48000 48000
10000 10000
4700 4700
75000 75000
800 800
38000 38000
1800 1800
150000 190900
12000 0
0
78000 0
13800 0
2500 0
8000 0
800 0
25100 78000 243500 190600 231500 231500
52900 52900
78000 78000 243500 243500
93800
ECEIVABLE 48000
10000
4700
RRENT ASSETS 156,500
75000
ED DEPRECIATION -800 74200
NCURRENT ASSETS 74200
230700
OWNER'S EQUITY
38000
1800
RRENT LIABILITIES 39800
39800
190,900
ES AND OWNER'S EQUITY 230700