Accounting
Canberk
SinghSkiSchoolsolutionsCh1-4Blank1.xlsxTransactions
| Document List | ||||
| Document | Type | For | Amount | |
| 1 | Deposit slip | Investment | 40,000.00 | |
| 2 | Lease | Rent | 800.00 | per month |
| 3 | Cheque | Rent | 3,600.00 | |
| 4 | Cheque | Computer Equipment | 3,600.00 | |
| 5 | Cheque | Sign deposit | 1,000.00 | |
| 6 | Cheque | Sign installation | 1,000.00 | |
| 7 | Cheque | Advertising | 600.00 | |
| 8 | Cheque | Software development | 1,500.00 | |
| 9 | Cheque | Cash register | 500.00 | |
| 10 | Cheque | Coffee & Postage | 200.00 | |
| 11 | Purchase receipt | Ski equipment | 50,000.00 | |
| 12 | Note payable | for equipment in 21 | 45,000.00 | |
| 13 | Sales receipt | 30 for group lessons | 1,500.00 | |
| 14 | Sales receipt | 6 for group lessons | 480.00 | |
| 15 | Sales receipt | 2 for private lessons | 300.00 | |
| 16 | Sales receipts | Coaching | 200.00 | |
| 17 | Cheque | Office Supplies | 500.00 | |
| 18 | Sales report | Lessons | 3,600.00 | |
| 19 | Cheque | Cash delivery charges | 160.00 | |
| 20 | Bill | Utilities | 325.00 | |
| 21 | Cash receipts | Lessons for October | 10,000.00 | |
| 22 | Memo | Staff hiring | - 0 | |
| 23 | Cash withdrawal | Amandan withdraws $2,000 for personal use | 2,000.00 |
Add Info
| On September 30th, a count of the office supplies revealed that there were $150 worth of office supplies on hand. |
| Since October 1st is the beginning of the new fiscal year for Singh Ski School, all necessary adjusting entries need to be completed, on September 30th. |
Analyze
| Document | Date | Description | Economic Transaction? | Accounts Affected | Increase/Decrease | Debit/Credit | Amount |
| 1 | |||||||
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| 21 | |||||||
| 22 | |||||||
| 23 | |||||||
Journalize
| Singh Ski School | ||||
| General Journal | ||||
| August & September 2017 | ||||
| Date | Particulars | Folio | Debit | Credit |
| 1-Sep | ||||
| 1-Sep | ||||
| 1-Sep | ||||
| 1-Sep | ||||
| 1-Sep | ||||
| 1-Sep | ||||
| 1-Sep | ||||
| 1-Sep | ||||
| 1-Sep | ||||
| 31-Dec | ||||
| 31-Dec | ||||
| 31-Dec | ||||
| 31-Dec | ||||
| 31-Dec | ||||
| 31-Dec | ||||
| 30-Sep | ||||
| 30-Sep | ||||
| 31-Dec | ||||
| 30-Sep | ||||
Post GL students
| Singh Ski School | ||||
| General Ledger | ||||
| August & September 2017 | ||||
| Cash | ||||
| Date | Particulars | Debit | Credit | Balance |
Summarize in TB
| Singh Ski School |
| Trial Balance |
| As at September 30th, 2017 |
Worksheet
| Singh Ski School | |||||||||||
| Worksheet | |||||||||||
| As at September 30th, 2017 | |||||||||||
| Trial Balance | Adjustments | Adjusted Trial Balance | Income Statement | Balance Sheet | |||||||
| Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit | ||
Adjust
| Singh Ski School | ||||
| General Journal | ||||
| August & September 2017 | ||||
| Date | Particulars | Folio | Debit | Credit |
Adj TB
| Singh Ski School | ||
| Trial Balance | ||
| As at September 30th, 2017 | ||
| - 0 |
Report
| Singh Ski School |
| Income Statement |
| For the month ended September 30th, 2017 |
| Revenues |
| Expenses |
| Net Income |
| Singh Ski School |
| Statement of Changes in Owners Equity |
| For the month ended September 30th, 2017 |
| Singh Ski School |
| Balance Sheet |
| September 30th, 2017 |
| Assets |
| Total Assets |
| Liabilities |
| Owner's Equity |
| Total Liabilities and Owner's Equity |
Close
| Singh Ski School | |||
| General Journal | |||
| August & September 2017 | |||
| Date | Particulars | Debit | Credit |
Post Clse TB
| Singh Ski School |
| Trial Balance |
| As at September 30th, 2017 |
