Financial Accounting job for Accountguru

P3-36A

LEXINGTON INN COMPANY
JOURNAL
Date	Account			Debit	Credit
Dec. 31
a.	Insurance Expense			$1,600
	Prepaid Insurance				$1,600
b.	Supplies expense			$500
	Office Supplies				$500
c.	Depreciation Expense - Building			$1,600
	Accumulated Depreciation - Building				$1,600
d.	Salary expense			$1,200
	Salary payable				$1,200
e.	Unearned service revenue			$1,000
	Service revenue				$1,000
T- Accounts
Cash
Balance	$12,100
Balance	$12,100
Account Receivable
Balance	$14,300
Balance	$14,300
Prepaid Insurance
Balance	$2,300	a.	$1,600
Balance	$700
Office Supplies
Balance	$1,100	b.	$500
Balance	$600
Building
Balance	$411,000
Balance	$411,000
Accumulated Depreciation - Building
		Balance	$312,500
		c.	$1,600
		Balance	$314,100
Accounts Payable
		Balance	$1,950
		Balance	$1,950
Salary Payable
		Balance
		d.	$1,200
		Balance	$1,200
Unearned Revenue
e.	$1,000	Balance	$2,400
		Balance	$1,400
Calvasina Capital
		Balance	$114,740
		Balance	$114,740
Calvasina Drawing
Balance	$2,860
Balance	$2,860
Service Revenue
		Balance	$15,600
		e.	$1,000
		Balance	$16,600
Salaries Expense
Balance	$2,700
d.	$1,200
Balance	$3,900
Insurance Expense
Balance
a.	$1,600
Balance	$1,600
Depreciation Expense - Building
Balance
c.	$1,600
Balance	$1,600
Advertising Expense
Balance	$830
Balance	$830
Supplies Expense
Balance
b.	$500
Balance	$500
LEXINGTON INN COMPANY
Adjusted Trial Balance
As on December 31, 2014
Account			Debit	Credit
Cash			$12,100
Account Receivable			$14,300
Prepaid Insurance			$700
Office Supplies			$600
Building			$411,000
Accumulated Depreciation - Building				$314,100
Accounts Payable				$1,950
Salary Payable				$1,200
Unearned Revenue				$1,400
Calvasina Capital				$114,740
Calvasina Drawing			$2,860
Service Revenue				$16,600
Salaries Expense			$3,900
Insurance Expense			$1,600
Depreciation Expense - Building			$1,600
Advertising Expense			$830
Supplies Expense			$500
			$449,990	$449,990
4. Total Debits equal to total credtis is only aithmetical correctnes of the Trial balalnce. This does not guarantee that all adjusting entries have been correcly made and posted. Incase some error in amount remains, or the posting has been made to wrong account, the adjusted trial balance will show debits and credits equal, but the errors will remain in that.

P3-45

DEVIS CONSULTING
JOURNAL
Date	Account			Debit	Credit
Dec. 31
a.	Accounts Receivable			$550
	Service revenue				$550
b.	Unearned service revenue			$700
	Service revenue				$700
c.	Supplies expense			$700
	Office Supplies				$700
d.	Depreciation Expense			$100
	Accumulated Depreciation - Equipment				$30
	Accumulated Depreciation - Furniture				$70
e.	Salary Expense			$685
	Salary Payable				$685
T- Accounts
Cash
Balance	$16,400
Balance	$16,400
Account Receivable
Balance	$1,200
a.	$550
Balance	$1,750
Office Supplies
Balance	$900	c.	$700
Balance	$200
Equipment
Balance	$1,800
Balance	$1,800
Furniture
Balance	$4,200
Balance	$4,200
Accumulated Depreciation - Equipment
		Balance
		d.	$30
		Balance	$30
Accumulated Depreciation - Furniture
		Balance
		d.	$70
		Balance	$70
Accounts Payable
		Balance	$4,700
		Balance	$4,700
Salary Payable
		Balance
		e.	$685
		Balance	$685
Unearned Revenue
b.	$700	Balance	$1,400
		Balance	$700
Davis Capital
		Balance	$18,000
		Balance	$18,000
Davis Drawing
Balance	$1,400
Balance	$1,400
Service Revenue
		Balance	$2,600
		a.	$550
		b.	$700
		Balance	$3,850
Rent Expense
Balance	$550
d.
Balance	$550
Utilities Expense
Balance	$250
a.
Balance	$250
Depreciation Expense - Building
Balance
d.	$100
Balance	$100
Salary Expense
Balance
e.	$685
Balance	$685
Supplies Expense
Balance
c.	$700
Balance	$700
DEVIS CONSULTING
Adjusted Trial Balance
As on December 31, 2014
Account			Debit	Credit
Cash			$16,400
Account Receivable			$1,750
Office Supplies			$200
Equipment			$1,800
Furniture			$4,200	$0
Accumulated Depreciation - Equipment				$30
Accumulated Depreciation - Furniture				$70
Accounts Payable				$4,700
Salary Payable				$685
Unearned Revenue				$700
Davis Capital				$18,000
Davis Drawing			$1,400
Service Revenue				$3,850
Rent Expense			$550
Utilities Expense			$250
Depreciation Expense - Building			$100
Salary Expense			$685
Supplies Expense			$700
			$28,035	$28,035	$0

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A

B

C

D

Date

Dec. 31

a.

b.

Supplies expense

Office Supplies

JOURNAL

LEXINGTON INN COMPANY

Account

Insurance Expense

Prepaid Insurance