2.1 Example Comp Problem 1 Service Co.xlsx.xlsx

	B	C	D	E	G	H	I	J	L	M	N	O	P	Q	S	T	U	W	X	Y	AA	AB	AC	AE	AF	AG	AI	AJ	AK	AM	AN	AO
1									Assets	=	Liabilities		+	Owner's Equity
2									76,770	=	14,420		+	62,350
3											76,770
4	Date	Accounts	Debit	(Credit)	Date	Accounts	Debit	(Credit)	Accounts	Trial Balance		General Ledger
5	5/3	Cash	4,000		5/27	Cash	12,000		Cash	43,250		Total General Ledger		0
6		Unearned Fees		(4,000)		Accounts Receivable		(12,000)	Accounts Receivable	5,800		Cash			Accounts Receivable			Prepaid Insurance			Accounts Payable			Owner Capital			Salary Expense			Depreciation Expense
7									Supplies	8,850		Debit	Credit	Balance	Debit	Credit	Balance	Debit	Credit	Balance	Debit	Credit	Balance	Debit	Credit	Balance	Debit	Credit	Balance	Debit	Credit	Balance
8	5/5	Cash	3,100		5/28	Salary Expense	800		Prepaid Rent	3,200		Beginning Balance		22,100	Beginning Balance		3,400	Beginning Balance		1,500	Beginning Balance		(800)	Beginning Balance		(42,300)	Beginning Balance		0	Beginning Balance		0
9		Accounts Receivable		(3,100)		Cash		(800)	Prepaid Insurance	1,500		4,000		26,100		(3,100)	300			1,500	500		(300)			(42,300)	800		800			0
10									Office Equipment	14,500		3,100		29,200	7,500		7,800			1,500		(7,500)	(7,800)						800			0
11	5/9	Miscellaneous Expense	400		5/30	Miscellaneous Expense	250		Accumulated Depreciation	(330)			(400)	28,800	8,000		15,800						(7,800)	Draws
12		Cash		(400)		Cash		(250)	Accounts Payable	(7,800)			(500)	28,300		(12,000)	3,800	Office Equipment					(7,800)	Debit	Credit	Balance	Rent Expense			Insurance Expense
13									Salaries Payable	(120)		7,100		35,400	2,000		5,800	Debit	Credit	Balance				Beginning Balance		0	Debit	Credit	Balance	Debit	Credit	Balance
14	5/13	Accounts Payable	500		5/31	Miscellaneous Expense	300		Unearned Fees	(6,500)		4,200		39,600			5,800	Beginning Balance		14,500	Salaries Payable			10,000		10,000	Beginning Balance		0	Beginning Balance		0
15		Cash		(500)		Cash		(300)	Owner Capital	(42,300)		12,000		51,600			5,800			14,500	Debit	Credit	Balance						0			0
16									Draws	10,000			(800)	50,800						14,500	Beginning Balance		(120)	Revenue or income					0			0
17	5/15	Accounts Receivable	7,500		5/31	Cash	3,000		Revenue or income	(31,800)			(250)	50,550	Supplies								(120)	Debit	Credit	Balance
18		Revenue or income		(7,500)		Revenue or income		(3,000)	Salary Expense	800			(300)	50,250	Debit	Credit	Balance	Accumulated Depreciation					(120)	Beginning Balance		0	Supplies Expense			Miscellaneous Expense
19									Rent Expense	0		3,000		53,250	Beginning Balance		1,350	Debit	Credit	Balance			(120)		(7,500)	(7,500)	Debit	Credit	Balance	Debit	Credit	Balance
20	5/17	Cash	7,100		5/31	Accounts Receivable	2,000		Supplies Expense	0			(10,000)	43,250	7,500		8,850	Beginning Balance		(330)					(7,100)	(14,600)	Beginning Balance		0	Beginning Balance		0
21		Revenue or income		(7,100)		Revenue or income		(2,000)	Depreciation Expense	0				43,250			8,850			(330)	Unearned Fees				(8,000)	(22,600)			0	400		400
22									Insurance Expense	0										(330)	Debit	Credit	Balance		(4,200)	(26,800)			0	250		650
23	5/20	Supplies	7,500		5/31	Draws	10,000		Miscellaneous Expense	950					Prepaid Rent						Beginning Balance		(2,500)		(3,000)	(29,800)				300		950
24		Accounts Payable		(7,500)		Cash		(10,000)	Total Debits - Total (credits)	0					Debit	Credit	Balance					(4,000)	(6,500)		(2,000)	(31,800)
25									Net Income	(30,050)					Beginning Balance		3,200						(6,500)
26	5/21	Accounts Receivable	8,000														3,200
27		Revenue or income		(8,000)													3,200
28
29	5/25	Cash	4,200
30		Revenue or income		(4,200)
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100