Bba2201 unit 3
WilSte78
CopyofUnit2CaseStudyAccounting11.xlsxJournal Entries
| Cookie Creations | |||
| Journal Enteries | |||
| Date | Particlulars | Debit in $ | Credit in $ |
| 11.8.2019 | Cash a/c Dr. | $500.00 | |
| To Common Stock | $500.00 | ||
| (Common stock issued for cash) | |||
| 11.11.2019 | Advertising Expense a/c Dr. | $65.00 | |
| To Cash | $65.00 | ||
| (Supplies purchased for cash) | |||
| 11.14.2019 | Supplies a/c Dr. | $125.00 | |
| To Cash | $125.00 | ||
| (Supplies purchased for cash) | |||
| 11.15.2019 | Equipment a/c Dr. | $300.00 | |
| To Common Stock | $300.00 | ||
| (Common stock issued for Equipment) | |||
| 11.16.2019 | Cash a/c Dr. | $2,000.00 | |
| To Note Payable | $2,000.00 | ||
| (Note Payable issued) | |||
| 11.17.2019 | Equipment a/c Dr. | $900.00 | |
| To Cash | $900.00 | ||
| (Equipment purchased) | |||
| 11.20.2019 | Cash a/c Dr. | $125.00 | |
| To Service Revenue | $125.00 | ||
| (Service performed for cash) | |||
| 11.25.2019 | Cash a/c Dr. | $30.00 | |
| To Unearned Revenue | $30.00 | ||
| (Cash received in advance from clients) | |||
| 11.30.2019 | Prepaid Insurance a/c Dr. | $1,320.00 | |
| To Cash | $1,320.00 | ||
| (Annual insurance paid in advance) |
General Ledger
| Journal entries to general ledger accounts | |||||||||
| Cash | |||||||||
| Date | Explanation | Reference | Debit | Credit | |||||
| 11.8.2019 | $500.00 | ||||||||
| 11.8.2019 | $65.00 | ||||||||
| 11.13.2019 | $125.00 | ||||||||
| 11.16.2019 | $2,000.00 | ||||||||
| 11.17.2019 | $900.00 | ||||||||
| 11.20.2019 | $125.00 | ||||||||
| 11.25.2019 | $30.00 | ||||||||
| 11.30.2019 | $1,320.00 | ||||||||
| Bal. | $245.00 | ||||||||
| $2,655.00 | $2,655.00 | ||||||||
| Supplies | |||||||||
| Date | Explanation | Reference | Debit | Credit | |||||
| 11.13.2019 | $125.00 | ||||||||
| Bal. | $125.00 | ||||||||
| $125.00 | $125.00 | ||||||||
| Prepaid Insurance | |||||||||
| Date | Explanation | Reference | Debit | Credit | |||||
| 11.30.2019 | $1,320.00 | ||||||||
| Bal. | $1,320.00 | ||||||||
| $1,320.00 | $1,320.00 | ||||||||
| Equipment | |||||||||
| Date | Explanation | Reference | Debit | Credit | |||||
| 11.14.2019 | $300.00 | ||||||||
| 11.17.2019 | $900.00 | ||||||||
| $1,200.00 | |||||||||
| Bal. | $1,200.00 | $1,200.00 | |||||||
| Unearned Service Revenue | |||||||||
| Date | Explanation | Reference | Debit | Credit | |||||
| 11.25.2019 | $30.00 | ||||||||
| Bal. | $30.00 | ||||||||
| $30.00 | $30.00 | ||||||||
| Notes Payable | |||||||||
| Date | Explanation | Reference | Debit | Credit | |||||
| 11.16.2019 | $2,000.00 | ||||||||
| Bal. | $2,000.00 | ||||||||
| $2,000.00 | $2,000.00 | ||||||||
| Common Stock | |||||||||
| Date | Explanation | Reference | Debit | Credit | |||||
| 11.8.2019 | $500.00 | ||||||||
| 11.14.2019 | $300.00 | ||||||||
| Bal. | $800.00 | ||||||||
| $800.00 | $800.00 | ||||||||
| Service Revenue | |||||||||
| Date | Explanation | Reference | Debit | Credit | |||||
| 11.20.2019 | $125.00 | ||||||||
| Bal. | $125.00 | ||||||||
| $125.00 | $125.00 | ||||||||
| Advertising Expense | |||||||||
| Date | Explanation | Reference | Debit | Credit | |||||
| 11.11.2019 | $65.00 | ||||||||
| Bal. | $65.00 | ||||||||
| $65.00 | $65.00 | ||||||||
Trial Balance
| Trial Balance | |||
| For the month ending 11.30.2019 | |||
| Particulars | Debit in $ | Credit in $ | |
| Cash | $245.00 | ||
| Prepaid Insurance | $1,320.00 | ||
| Supplies | $125.00 | ||
| Equipment | $1,200.00 | ||
| Unearned Revenue | $30.00 | ||
| Note Payable | $2,000.00 | ||
| Common Stock | $800.00 | ||
| Service Revenue | $125.00 | ||
| Advertising Expense | $65.00 | ||
| Totals | $2,955.00 | $2,955.00 |
