会计英语会计循环答案.docx

会计英语会计循环答案.docx

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会计英语会计循环答案

GeneralJournal

GENERALJOURNALPage1

DATE

DESCRIPTIONOFENTRY

POSTREF.

DEBIT

CREDIT

20*7

July

1

Cash

√

27,000

CraigMiller,Capital

√

27,000

Ownerinvestedinbusiness

1

PrepaidRent

√

4,800

Cash

√

4,800

Paid6-monthrentinadvance

1

Equipment

√

3,500

Cash

√

3,500

Boughtequipment

1

PrepaidAdvertising

√

1,920

Cash

√

1,920

Paidoneyearadvertisinginadvance

4

Supplies

√

1,450

Cash

√

1,450

Purhasedsupplies

6

Equipment

√

4,100

AccountsPayable

√

4,100

Purchasedequipmentoncredit

15

SalariesExpense

√

1,200

Cash

√

1,200

Paidsemi-monthsalaries

22

TelephoneExpense

√

75

Cash

√

75

Paidtelephonebill

31

Cash

√

2,400

AccountsReceivable

√

3,855

Fees

√

6,255

Performedservices

31

UtilitiesExpense

√

160

Cash

√

160

Paidutilitiesbill

GENERALJOURNALPage2

DATE

DESCRIPTIONOFENTRY

POSTREF.

DEBIT

CREDIT

20*7

July

31

SalariesExpense

√

1,200

Cash

√

1,200

Paidsemi-monthsalaries

ADJUSTINGENTRIES

31

SuppliesExpense

√

750

Supplies

√

750

Recordsuppliedconsumed

31

RentExpense

√

800

PrepaidRent

√

800

Adjustforexpiredrent

31

AdvertisingExpense

√

160

PrepaidAdvertising

√

160

Adjustforexpiredadvertisement

31

DepreciationExpense-Equipment

√

110

Accum.Depr.-Equipment

√

110

Adjustfordepreciation

CLOSINGENTRIES

31

Fees

√

6,255

IncomeSummary

√

6,255

Tocloserevenueaccount

31

IncomeSummary

√

4,455

SalariesExpense

√

2,400

TelephoneExpense

√

75

UtilitiesExpense

√

160

SuppliesExpense

√

750

RentExpense

√

800

AdvertisingExpense

√

160

Depr.Expense-Equipment

√

110

Tocloseexpensesaccounts

31

IncomeSummary

√

1,800

CraigMiller,Capital

√

1,800

TocloseIncomeSummaryaccount

GeneralLedger

AccountName:

CASHNo.101Page:

1

DATE

EXPLANATION

POSTREF.

DEBIT

CREDIT

BALANCE

20*7

July

1

Ownerinvestment

J1

27,000

27,000

1

Paidrentinadvance

J1

4,800

22,200

1

Boughtequipment

J1

3,500

18,700

1

Paidad.inadvance

J1

1,920

16,780

4

Purshasedsupplies

J1

1,450

15,330

15

Paidsemi-monthsalaries

J1

1,200

14,330

22

Paidtelephonebill

J1

75

14,055

31

Performedservices

J1

2,400

16,455

31

Paidutilitiesbill

J1

160

16,295

15

Paidsemi-monthsalaries

J2

1,200

15,095

AccountName:

ACCOUNTSRECEIVABLENo.111Page:

2

DATE

EXPLANATION

POSTREF.

DEBIT

CREDIT

BALANCE

20*7

July

31

Performedservices

J1

3,855

3,855

AccountName:

SUPPLIESNo.121Page:

3

DATE

EXPLANATION

POSTREF.

DEBIT

CREDIT

BALANCE

20*7

July

4

Purshasedsupplies

J1

1,450

1,450

31

Recordsuppliedconsumed

J2

750

700

AccountName:

PREPAIDRENTNo.131Page:

4

DATE

EXPLANATION

POSTREF.

DEBIT

CREDIT

BALANCE

20*7

July

1

Paidrentinadvance

J1

4,800

4,800

31

Adjustforexpiredrent

J2

800

4,000

AccountName:

PREPAIDADVERTISINGNo.134Page:

5

DATE

EXPLANATION

POSTREF.

DEBIT

CREDIT

BALANCE

20*7

July

1

Paidad.inadvance

J1

1,920

1,920

31

Adjustforexpiredad.

J2

160

1,760

AccountName:

EQUIPMENTNo.141Page:

6

DATE

EXPLANATION

POSTREF.

DEBIT

CREDIT

BALANCE

20*7

July

1

Boughtequipment

J1

3,500

3,500

6

Purchasedequip.oncredit

4,100

7,600

AccountName:

ACCUM.DEPRE.-EQUIPMENTNo.142Page:

7

DATE

EXPLANATION

POSTREF.

DEBIT

CREDIT

BALANCE

20*7

July

31

Adjustfordepreciation

J2

110

110

AccountName:

ACCOUNTSPAYABLENo.202Page:

8

DATE

EXPLANATION

POSTREF.

DEBIT

CREDIT

BALANCE

20*7

July

6

Purchasedequip.oncredit

J1

4,100

4,100

AccountName:

CRAIGMILLER,CAPITALNo.301Page:

9

DATE

EXPLANATION

POSTREF.

DEBIT

CREDIT

BALANCE

20*7

July

1

Ownerinvestment

J1

27,000

27,000

31

TocloseIncomeSummary

J2

1,800

28,800

AccountName:

INCOMESUMMARYNo.399Page:

10

DATE

EXPLANATION

POSTREF.

DEBIT

CREDIT

BALANCE

20*7

July

31

Tocloserevenueaccount

J2

6,255

6,255

31

Tocloseexpensesaccount

J2

4,455

1,800

31

TocloseIncomeSummary

J2

1,800

0