BBA 2010 AGN 4 and AGN 5

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JOURNAL ENTRIES

Journal entries
Date Details Debit Credit
2019
8-Nov Cash 500
Capital 500
11-Nov Advertising 65
Cash 65
13-Nov Supplies 125
Cash 125
14-Nov Equipment 300
Capital 300
16-Nov Cash 2000
Note payable 2000
17-Nov Equipment 900
Cash 900
20-Nov Cash 125
service revenue 125
25-Nov Cash 30
Unearned revenue 30
30-Nov Prepaid insurance 1320
Cash 1320

LEDGER ACCOUNTS

CASH A/C
Date Details Amount Date Details Amount
8-Nov Capital 500 11-Nov Advertising 65
16-Nov Note payable 2000 13-Nov Supplies 125
20-Nov Service revenue 125 17-Nov Equipment 900
25-Nov Unearned revenue 30 30-Nov Prepaid insurance 1320
30-Nov Bal c/d 245
2655 2655
CAPITAL
Date Details Amount Date Details Amount
30-Nov Bal c/d 800 8-Nov Cash 500
14-Nov Equipment 300
800 800
ADVERTISING
Date Details Amount Date Details Amount
11-Nov Cash 65 Bal 65
65 65
SUPPLIES
Date Details Amount Date Details Amount
13-Nov Cash 125 30-Nov Bal c/d 125
125 125
EQUIPMENT
Date Details Amount Date Details Amount
14-Nov Capital 300 30-Nov Bal c/d 1200
17-Nov cash 900
1200 1200
NOTES PAYABLE
Date Details Amount Date Details Amount
30-Nov Bal c/d 2000 16-Nov Cash 2000
2000 2000
SERVICE REVENUE
Date Details Amount Date Details Amount
30-Nov Bal c/d 125 20-Nov Cash 125
125 125
UNEARNED REVENUE
Date Details Amount Date Details Amount
30-Nov Bal c/d 30 25-Nov Cash 30
30 30
PREPAID INSURANCE
Date Details Amount Date Details Amount
30-Nov Cash 1320 30-Nov Bal c/d 1320
1320 1320

TRIAL BALANCE

TRIAL BALANCE
DETAILS DEBIT CREDIT
Cash 245
Capital 800
Advertising 65
Supplies 125
Equipment 1200
Note payables 2000
Service revenue 125
Unearned Rev 30
Prepaid Insurance 1320
Total 2955 2955
Reference
Goosen, K. R. (2020, March). An Experiential Approach To Accounting 101. In Developments in Business Simulation and Experiential Learning: Proceedings of the Annual ABSEL conference (Vol. 47).