FINANCIAL TRANSACTIONS

CopyofCopyofEXCELSPREADSHEET-2-3ACCOUNTING1.xlsx

Journal Entries

Name

PERMANENT ACCOUNTS

Cash

Accts Receivable

Inventory

Supplies

Furniture

Retained Earnings

Dividends

Accd Depre. - Furniture

Accts Payable

Wages Payable

Common Stock

TEMPORARY ACCOUNTS

Sales

Cost of Goods Sold

Salaries Expense

Rent Expense

Supplies Expense

Depreciation Expense

Account	Dr.	Cr.	JHJ Bookstore
Cash			Income Statement
Accounts Receivable			For the Year Ended 2013
Inventory			Sales
Supplies			Less cost of goods sold
Furniture			Gross margin
Acc. Depre. - Furniture
Accounts Payable
Wages Payable			Operating Expenses:
Common Stock			Salaries Expense
Retained Earnings			Rent Expense
Dividends			Supplies Expense
Sales			Depreciation Expense
Cost of Goods Sold			Total Expenses
Salaries Expense
Rent Expense			Net Income
Supplies Expense
Depreciation Expense			JHJ Bookstore
TOTAL			Statement of Retained Earnings
			For the Year Ended 2013
			Beginning R/E
			Add Net Income
			Less Dividends
			Ending R/E
JHJ Bookstore
Balance Sheet
As of December 31, 2013
Assets:			Liabilities & Owner's Equity:
Cash			Accounts Payable
Accounts Receivable			Wages Payable
Inventory			Total Liabilities
Supplies
Furniture (Less Accm. Depre.)			Common Stock
			Retained Earnings
			Total Stockholder's Equity
Total Assets			Total Liabilities & Owner's Equity