Problem #11 — Journalizing, Posting & Trial Balance
1) Journal Entries — May 2025
Date Account Titles and Explanation Debit (P) Credit (P)
Cash
May 2 Leon, Capital 92,500 92,500
Office Equipment
May 3 Accounts Payable 36,800 36,800
Office Supplies
May 4 Accounts Payable 17,100 17,100
Accounts Receivable
May 6 Accounting Revenues 29,200 29,200
Accounting Library
May 7 Cash 19,500 19,500
Accounts Payable
May 8 Cash 4,100 4,100
Office Condominium
Cash
May 10 Notes Payable 265,000 265,000
Salaries Expense
May 12 Cash 14,200 14,200
Cash
May 13 Accounts Receivable 9,750 9,750
Telephone Expense
May 16 Cash 650 650
Cash
May 19 Accounting Revenues 14,600 14,600
Office Supplies
May 22 Accounts Payable 4,650 4,650
Leon, Withdrawals
May 23 Cash 8,150 8,150
Salaries Expense
May 25 Cash 10,300 10,300
Accounts Receivable
May 26 Accounting Revenues 31,600 31,600
Professional Dues Expense
May 27 Cash 5,500 5,500
Rent Expense
May 28 Cash 3,250 3,250
2) Trial Balance — May 31, 2025
Account Debit (P) Credit (P)
Cash 13,200
Accounts Receivable 51,050
Office Supplies 21,750
Office Condominium 265,000
Office Equipment 36,800
Accounting Library 19,500
Notes Payable 227,000
Accounts Payable 54,450
Leon, Capital 92,500
Leon, Withdrawals 8,150
Accounting Revenues 75,400
Salaries Expense 24,500
Rent Expense 3,250
Telephone Expense 650
Professional Dues Expense 5,500
Totals 449,350 449,350