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Financial Transactions Summary Report

The document contains a series of accounting entries detailing cash transactions, expenses, and capital movements. It includes debits and credits for various accounts such as cash, owner's capital, accounts payable, and expenses over multiple periods. The entries reflect the financial activities of a business, including sales, purchases, and payments.

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cass ie
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5 views3 pages

Financial Transactions Summary Report

The document contains a series of accounting entries detailing cash transactions, expenses, and capital movements. It includes debits and credits for various accounts such as cash, owner's capital, accounts payable, and expenses over multiple periods. The entries reflect the financial activities of a business, including sales, purchases, and payments.

Uploaded by

cass ie
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Date Account Titles Debit Credit

Cash 100,000
Owner's Capital 100,000

Cash 800,000
Accounts Payable 800,000

Equipment 200,000
Cash 200,000

Inventory 500,000
Cash 500,000

Cash 120,000
Sales 120,000

Cost of Sales 50,000


Inventory 50,000

Prepaid Rent 60,000


Cash 60,000

Accounts Payable 400,000


Cash 400,000

Interest Expense 80,000


Cash 80,000

Utilities Expense 10,000


Cash 10,000

Salaries Expense 32,000


Cash 32,000
Date Account Title Debit Credit
Cash 1,000,000
Owner's Capital 1,000,000

Taxes and Licenses 30,000


Cash 30,000

Advertising Expense 200,000


Cash 200,000

Accounts Receivable 800,000


Sales 800,000

Inventory 600,000
Accounts Payable 600,000

Cost of Sales 500,000


Inventory 500,000

Cash 700,000
Accounts Receivable 700,000

Accounts Payable 300,000


Cash 300,000

Rent Expense 70,000


Cash 70,000

Utilities Expense 8,000


Cash 8,000

Owner's Drawing 20,000


Cash 20,000
Date Account Title Debit Credit
Cash 35,000
Owner's Capital 35,000

Supplies Expense 15,000


Cash 15,000

Rent Payable 5,000


Cash 5,000

Utilies Expense 2,000


Cash 2,000

Cash 10,000
Notes Payable 10,000

Account Receivable 75,000


Service Fees 75,000

Interest Expense 500


Cash 500

Cash 50,000
Accounts Receivable 50,000

Owner's Drawing 20,000


Cash 20,000

Salaries Expense 10,000


Cash 10,000

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