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General Journal - Managerial Accounting |, Assignments of Management Accounting

Danville Area Community College (DACC)Management Accounting

Material Type: Assignment; Class: Managerial Accounting; Subject: Accounting; University: Danville Area Community College; Term: Forever 1989;

Typology: Assignments

2009/2010

Uploaded on 04/04/2010

aweymuth
aweymuth 🇺🇸

9 documents

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General Journal
Date Account Title/Explanation Debit Credit
2007 S. Shelton, Capital (301) $156,000.00
June Office Equipment (163) $6,000.00
Drafting Equipment (164) $45,000.00
Cash (101) $105,000.00
Cash (101) $5,400.00
Notes Payable (250) $48,600.00
Land (172) $54,000.00
Cash (101) $75,000.00
Building (170) $75,000.00
Cash (101) $6,000.00
Prepaid Insurance (108) $6,000.00
Accounts Receivable (106) $5,700.00
Cash (101) $5,700.00
Cash (101) $10,500.00
Notes Payable (250) $12,000.00
Drafting Equipment (164) $22,500.00
Accounts Receivable (106) $12,000.00
Engineering Fees Earned (402) $12,000.00
Accounts Payable (201) $2,250.00
Office Equipment (163) $2,250.00
Accounts Receivable (106) $18,000.00
Engineering Fees Earned (402) $18,000.00
Equipment Rental Expense (602) $1,200.00
Accounts Payable (201) $1,200.00
Accounts Receivable (106) $7,200.00
Cash (101) $7,200.00
Cash (101) $1,500.00
Wages Expenses (601) $1,500.00
Cash (101) $2,250.00
Accounts Payable (201) $2,250.00
Cash (101) $675.00
Repairs Expense (604) $675.00
Cash (101) $9,360.00
S. Shelton, Withdrawals (302) $9,360.00
Cash (101) $1,500.00
Wages Expenses (601) $1,500.00
Cash (101) $3,000.00
Advertising Expense (603) $3,000.00
Totals $378,135.00 $378,135.00
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General Journal

General Journal Date Account Title/Explanation Debit Credit Accounts Receivable $39,000. Revenue $39,000. Cash $33,000. Accounts Receivable $33,000. Expenses $22,500. Accounts Payable $22,500. Accounts Payable $2,250. Cash $2,250. Prepaid Expense $3,750. Cash $3,750. Totals $100,500.00 $100,500. Trial Balance Debit Credit Accounts Receivable $6,000. Revenue $39,000. Cash $27,000. Expenses $22,500. Accounts Payable $20,250. Prepaid Expense $3,750. Totals $59,250.00 $59,250. Cash Basis Revenues Fees Earned $39,000. Expenses Prepaid Expense $3,750. Expenses Incurred $22,500. Net Income $20,250. Accrual Revenues Fees Earned $33,000. Expenses Prepaid Expense $3,750. Expenses Incurred $20,250.