Spengel's Travel Agency

Summary of Transaction
For the Month ended April 30, 2018
Number Assets Liability
Accounts Account
Date Cash Supply Equipment
Receivable payable
1 15000
2 -600
3 -3000 3000
4 700
5 -900 900
6 3000 7000
7 -600
8 -500 -500
9 -2500
10 4000 -4000
13900 3000 900 3000 200
Total 20800 20800

P1-2A
Number Assets Liability
Accounts Account
Date Cash Supply Equipment
Receivable payable
0 5000 1500 500 6000 4200
1 1200 -1200
2 -2800 -2800
3 3000 4500
4 -400 2000 1600
-2500
5 -900
-400
6 -700
7 2000 2000
8 270
3500 4800 500 8000 5270
Total 16800 16800
P1 - 4A
Number Assets Liability
Accounts Account
Date Cash Supply Equipment
Receivable payable
0
1 7000
2 -900
3 600 600
5 -125
9 4000
12 -1000
15 5400
17 -2500
20 -600 -600
23 4000 -4000
26 5000 5000
29 4200 4200
30 -275
14600 1400 600 4200 9200
Total 20800 20800
el Agency
ansaction
April 30, 2018
Owner's Equity
Owner's Owner's
Revenue Expense
Capital Drawings
15000
-600

-700

10000
-600

-2500

15000 -600 10000 -3800

Net income 6200

Owner's Equity
Owner's Owner's Ending capital : Owner capi
Revenue Expense
Capital Drawings
8800
Net income : Rev

7500

-2500
-900
-400
-700

-270
8800 -700 7500 -4070
Ending
11530 Net income 3430
capital
 Owner's Equity
Owner's Owner's
Revenue Expense
Capital Drawings

7000
-900

-125
4000
-1000
5400
-2500

-275
7000 -1000 9400 -3800
Ending
11600 Net income 5600
capital
nding capital : Owner capital + drawings + Net income

Net income : Revenue + Expense

 Holz Disc Golf Course Em
P2-1A General Journal P2-2A a)
Date Explanation REF Debit Credit Date
1-Mar Cash 20000 1-Apr
Owner's capital 20000
3 Land 12000 2
Shed 2000
Equipments 1000 3
Cash 15000
5 Expense 900 10
Cash 900
6 Prepaid insurance 600 11
Cash 600
10 Equipments 1050 20
Account payable 1050
18 Cash 1100 30
Service revenue 1100
19 Cash 1500 30
Service revenue 1500
25 Owner's withdraws 800
Cash 800 b)
30 Salary and wages expense 250
Cash 250 1-Apr
30 Account payable 1050 11
Cash 1050 20
31 Cash 2700
Revenue 2700 Balance

2-Apr
Balance

Acc
10-Apr
Balance

Unearn

Salaries
30-Apr
Balance
 Emily Valley's Dentist Business
General Journal c) Trial Balance
Explanation REF Debit Credit Accounts
Cash 20000 Cash
Owner's capital 20000 Owner's Capital
Rent Expense 1100 Rent Expense
Cash 1100 Supplies
Supplies 4000 Account Payable
Account payable 4000 Account Receivable
Account Receivable 5100 Service Revenue
Service revenue 5100 Unearned Service Revenue
Cash 1000 Salaries and Wages Expense
Unearned Service Revenue 1000 Total
Cash 2100
Service revenue 2100
Salary and Wages Expense 2800
Cash 2800
Account Payable 2400
Cash 2400

General Ledger
Cash
20000 2-Apr 1100
1000 30 2800 Owner's Capital
2100 30 2400 1-Apr
23100 6300 Balance
16800
Supplies
3-Apr 4000
Rent Expense Balance 4000
1100
1100 Account Payable
30-Apr 2400 3-Apr
Account Receivable Balance
5100
5100
Service Revenue
Unearned Service Revenue 10-Apr
11-Apr 1000 20
Balance 1000 Balance

Salaries and Wages Expense

2800
2800
 Trial Balance
Accounts Debit Credit
16800
apital 20000
nse 1100
4000
ayable 1600
eceivable 5100
evenue 7200
Service Revenue 1000
nd Wages Expense 2800
Total 29800 29800

Capital
20000
20000

plies

Payable
4000
1600

Revenue
5100
2100
7200
 Krause Consulting
Adjusting journal entries
Date Explaination REF DEBIT CREDIT
31-May Supplies Expenses 900
Supplies 900
31-May Utilities expense 250
Account payable 250
31-May Insurance expense 150
prepaid insurance 150
31-May Unearned service revenue 1600
service revenue 1600
31-May Salaries and wages expense 1104
Salaries and wages payable 1104
31-May Depriciation expense 190
Accumulated Depreciation-Equipment 190
31-May Account Receivable 1700
service revenue 1700

Krause Consulting
Adjusted Trial Balance
Accounts Title dr cr
cash 4,500
account receivable 7,700
supply 1000
prepaid insurance 3,450
equipment 11,400
account payable 4,750
unearned service revenue 400
owner's captital 18,700
service revenue 12,800
salaries and wage payable 1,104
accumulated depreciation 190
wage and salaries expense 7,504
depreciation expense 190
rent expense 900
supply expense 900
prepaid insurance expense 150
utility expense 250
37,944 37,944
 Cash
date explanation REF Debit Credit balance
31-May Balance 4500 4500

Account Receivable
date explanation REF Debit Credit Balance
31-May Balance 6000 6000
31-May Account Receivable 1700 7700

Supplies
date explanation REF Debit Credit Balance
31-May Balance 1900 1900
31-May Supplies 900 1000

Prepaid insurance
date explanation REF Debit Credit Balance
31-May Balance 3600 3600
31-May Prepaid Insurance 150 3450

Salaries and Wages Payable

date explanation REF Debit Credit Balance
31-May Salaries and Wages Expense 1104 1104

Service Revenue
date explanation REF Debit Credit Balance
31-May Balance 9500 9500
31-May Unearned Service Revenue 1600 1600
31-May Account Receivable 1700 12800

Salaries and Wages Expense

date explanation REF Debit Credit Balance
31-May Balance 6400 6400
31-May Salaries and Wages Payable 1104 7504

Depreciation Expense
date explanation REF Debit Credit Balance
31-May Accumulated Depreciation-Equiment 190 190

Utilities Expense
date explanation REF Debit Credit Balance
31-May Utility Expense 250 250
 Equipment
date explanation REF Debit Credit Balance
31-May Balance 11400 11400

Accumulated Depreciation-Equiment
date explanation REF Debit Credit Balance
31-May Balance 190 190

Account Payable
Date Explanation REF Debit Credit Balance
31-May Balance 4500 4500
31-May Account Payable 250 4750

Unearned Service Revenue

Date Explanation REF Debit Credit Balance
31-May Balance 2000 2000
31-May Service Revenue 1600 400

Owner's Capital
Date Explanation REF Debit Credit Balance
31-May Balance 18700 18700

Supplies Expense
Date Explanation REF Debit Credit Balance
31-May Supplies 900 900

Rent Expense
Date Explanation REF Debit Credit Balance
31-May Balance 900 900

Insurance Expense
Date Explanation REF Debit Credit Balance
31-May Prepaid Insurance 150 150
 Ashley's Maids Cleaning Service
Worksheet
For the Month Ended July 31
Trial Balance Adjustments Adjusted Trial Balance
Account Titles Debit Credit Debit Credit Debit
Cash 6140 6140
Account Receivable 4300 1300 5600
Supplies 800 700 100
Prepaid Insurance 2160 180 1980
Equipment 10000 10000
Accumulated Depreciation-Equipment 200
Account Payable 6400
Salaries and Wages Payable 500
Owner's Capital 14000
Owner's Drawings 700 700
Income Summary
Service Revenue 5700 1300
Supplies Expense 700 700
Gasoline Expense 400 400
Depreciation Expense 200 200
Insurance Expense 180 180
Salaries and Wages Expense 1600 500 2100
Total 26100 26100 2880 2880 28100
Adjusted Trial Balance
Credit

200
6400
500
14000

7000

28100
(A) Diaz Company Journal Entries
june 10 : purchase merchandise on account

june 11: pay freight cost

june 12 : return damaged goods

june 19 : pay amount due, less discount

(B) Taylor company journal entries

june 10

june 12
june 19
merchandise inventory

merchandise inventory

account payable

account payable

account receivable

cost of goods sold

sales returns and allowances

merchandise inventory
cash
sales discounts
 debit credit
$8,000
account payable $8,000
$400
cash $400
$300
merchandise inventory $300
$7,700
merchandise inventory $154
cash $7,546

Debit Cre.
8,000
sales revenue 8,000
4,800
merchandise inventory 4,800
300
account receivable 300
70
cost of goods sold 70
 7,546
154
account receivable 7,700
 Cost of goods available for sale
Date Explanation Units Unit Cost Total Cost
Oct.1 Beginning Inventory 2000 7 $14,000
3 Purchase 2500 8 $20,000
9 Purchase 3500 9 $31,500
19 Purchase 3000 10 $30,000
25 Purchase 4000 11 $44,000
Total 15000 $139,500

FIFO method
Ending Inventory
Date Explanation Units Unit Cost Total Cost
Oct.25 Purchase 4000 $11 $44,000
19 Purchase 100 10 $1,000
Total 4100 $45,000
Cost of goods sold
Cost of goods available for sale $139,500
Less: Ending Inventory $45,000
Cost of goods sold $94,500
Proof of goods sold
Date Explanation Units Unit Cost Total Cost
Oct.1 Beginning Inventory 2000 7 $14,000
3 Purchase 2500 8 $20,000
9 Purchase 3500 9 $31,500
19 Purchase 2900 10 $29,000
Total 10900 $94,500

Average-cost method
Notes: Weighted Average
Ending Inventory
Explanation Units Unit Cost Total Cost
(139500/15000) 4100 $9 $38,130
Cost of goods sold
Cost of goods available for sale $139,500
Less: Ending Inventory $38,130
Cost of goods sold $101,370
Proof of goods sold
Explanation Units Unit Cost Total Cost
(139500/15000) 10900 $9.30 $101,370
 Ending Inventory
Units of goods available for sale 15000
Sold 10900
Units remaining for sale 4100

LIFO method
Ending Inventory
Date Explanation Units Unit Cost Total Cost
Oct.1 Beginning Inventory 2000 $7 $14,000
3 Purchase 2100 8 $16,800
Total 4100 $30,800
Cost of goods sold
Cost of goods available for sale $139,500
Less: Ending Inventory $30,800
Cost of goods sold $108,700
Proof of goods sold
Date Explanation Units Unit Cost Total Cost
3 Purchase 400 8 $3,200
9 Purchase 3500 9 $31,500
19 Purchase 3000 10 $30,000
25 Purchase 4000 11 $44,000
Total 10900 $108,700

Weighted Average Cost = Total Cost/ Total Unit