P3 36 ALEXANDER INN COMPANY JOURNAL Date Account Debit Credi
P3 36alexington Inn Companyjournaldateaccountdebitcreditdec 31ainsur
P3 36alexington Inn Companyjournaldateaccountdebitcreditdec 31ainsur
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,.
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 $ A B C D Date Dec.
31 a. b. Supplies expense Office Supplies JOURNAL LEXINGTON INN COMPANY Account Insurance Expense Prepaid Insurance