Scribd Logo
Upload

Welcome to Scribd!

  • 64 views

    Date Account Title/Explanation PR Debit Credit

    Uploaded by

    Marvin Gwapo
    The document records transactions from May 1 to May 31 for Esterlina Gevera's business. It includes investments, purchases, sales, expenses, and withdrawals. The cash account shows beginning balance of $250,000 and ending balance of $211,800. Various equipment was purchased for $524,400 total. Accounts receivable are $12,000 and sales total $70,000 for the month. Expenses include rent, utilities, salaries, and supplies.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Date Account Title/Explanation PR Debit Credit

    Uploaded by

    Marvin Gwapo
    64 views6 pages
    The document records transactions from May 1 to May 31 for Esterlina Gevera's business. It includes investments, purchases, sales, expenses, and withdrawals. The cash account shows beginning balance of $250,000 and ending balance of $211,800. Various equipment was purchased for $524,400 total. Accounts receivable are $12,000 and sales total $70,000 for the month. Expenses include rent, utilities, salaries, and supplies.

    Original Title

    janpatricktamayo.FABM

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document records transactions from May 1 to May 31 for Esterlina Gevera's business. It includes investments, purchases, sales, expenses, and withdrawals. The cash account shows beginning balance of $250,000 and ending balance of $211,800. Various equipment was purchased for $524,400 total. Accounts receivable are $12,000 and sales total $70,000 for the month. Expenses include rent, utilities, salaries, and supplies.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    64 views6 pages

    Date Account Title/Explanation PR Debit Credit

    Uploaded by

    Marvin Gwapo
    The document records transactions from May 1 to May 31 for Esterlina Gevera's business. It includes investments, purchases, sales, expenses, and withdrawals. The cash account shows beginning balance of $250,000 and ending balance of $211,800. Various equipment was purchased for $524,400 total. Accounts receivable are $12,000 and sales total $70,000 for the month. Expenses include rent, utilities, salaries, and supplies.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 6

    DATE ACCOUNT TITLE/EXPLANATION PR DEBIT CREDIT

    May 1 Cash 101 250,000


    Gevera, Capital 301 250,000
    To record original investment
    May 1 Rent Expense 500 8,000
    Cash 101 8,000
    To record payment of rent
    May 2 Equipment 105 210,000
    Notes Payable 202 210,000
    To record notes payable
    May 2 NO ENTRY
    May 4 Equipment 105 240,000
    Accounts Payable 201 240,000
    To record purchased of equipment
    May 4 Equipment 105 14,400
    Cash 101 14,400
    To record purchased of equipment
    May 5 Equipment 105 60,000
    Cash 101 15,000
    Accounts Payable 201 45,000
    To record purchased of equipment
    May 8 Supplies Expense 511 18,000
    Cash 101 18,000
    To record payment of supplies
    May 9 Accounts Payable 201 10,000
    Cash 101 10,000
    To record payment of accounts payable
    May 10 Cash 101 24,000
    Sales 401 24,000
    To record sales
    May 13 Salaries Expense 510 6,600
    Cash 101 6,600
    To record payment of salaries
    May 15 Cash 101 10,000
    Sales 401 10,000
    To record sales
    May 19 Accounts Receivable 102 36,000
    Sales 401 36,000
    To record sales
    May 25 Gevera, Drawings 302 14,000
    Cash 101 14,000
    To record personal withdrawal
    May 27 Salaries Expense 510 7,200
    Cash 101 7,200
    To record payment of salaries
    May 30 Utilities Expense 509 1,400
    Notes Payable 202 1,400
    To record notes payable
    May 30 Cash 101 24,000
    Accounts Receivable 102 24,000
    To record accounts receivable
    May 31 Utilities Expense 509 3,000
    Cash 101 3,000
    To record payment of utilities

    Accounts title: Cash Account number: 101

    DATE DEBIT CREDIT BALANCE


    DEBIT CREDIT
    May 1 250,000 250,000
    May 1 8,000 242,000
    May 4 14,400 227,600
    May 5 15,000 212,600
    May 8 18,000 194,600
    May 9 10,000 184,600
    May 10 24,000 208,600
    May 13 6,600 202,000
    May 15 10,000 212,000
    May 25 14,000 198,000
    May 27 7,200 190,800
    May 30 24,000 214,800
    May 31 3,000 211,800

    Accounts title: Accounts Receivable Account number: 102

    DATE DEBIT CREDIT BALANCE


    DEBIT CREDIT
    May 19 36,000 36,000
    May 30 24,000 12,000

    Accounts title: Equipment Account number: 105

    DATE DEBIT CREDIT BALANCE


    DEBIT CREDIT
    May 2 210,000 210,000
    May 4 240,000 450,000
    May 4 14,400 464,400
    May 5 60,000 524,400

    Accounts title: Accounts Payable Account number: 201

    DATE DEBIT CREDIT BALANCE


    DEBIT CREDIT
    May 4 240,000 240,000
    May 5 45,000 285,000
    May 9 10,000 275,000

    Accounts title: Notes Payable Account number: 102

    DATE DEBIT CREDIT BALANCE


    DEBIT CREDIT
    May 2 210,000 210,000
    May 30 1,400 211,400
    Accounts title: Gevera, Capital Account number: 301

    DATE DEBIT CREDIT BALANCE


    DEBIT CREDIT
    May 1 250,000 250,000

    Accounts title: Gevera, Drawing Account number: 302

    DATE DEBIT CREDIT BALANCE


    DEBIT CREDIT
    May 25 14,000 14,000

    Accounts title: Sales Account number: 401

    DATE DEBIT CREDIT BALANCE


    DEBIT CREDIT
    May 10 24,000 24,000
    May 15 10,000 34,000
    May 19 36,000 70,000

    Accounts title: Rent Expense Account number: 508

    DATE DEBIT CREDIT BALANCE


    DEBIT CREDIT
    May 1 8,000 8,000

    Accounts title: Utilities Expense Account number: 509

    DATE DEBIT CREDIT BALANCE


    DEBIT CREDIT
    May 30 1,400 1,400
    May 31 3,000 4,400

    Accounts title: Salaries Expense Account number: 510

    DATE DEBIT CREDIT BALANCE


    DEBIT CREDIT
    May 13 6,600 6,600
    May 27 7,200 13,800

    Accounts title: Supplies Expense Account number: 511

    DATE DEBIT CREDIT BALANCE


    DEBIT CREDIT
    May 8 18,000 18,000

    ESTERLINA GEVERA
    Preliminary Trial Balance
    As of May 31

    PR ACCOUNTS TITLE DEBIT CREDIT


    101 Cash 211,800
    102 Accounts Receivable 12,000
    105 Equipment 524,400
    201 Accounts Payable 275,000
    202 Notes Payable 211,400
    301 Gevera, Capital 250,000
    302 Gevera, Drawings 14,000
    401 Sales 70,000
    508 Rent Expense 8,000
    509 Utilities Expense 4,400
    510 Salaries Expense 13,800
    511 Supplies Expense 18,000

    TOTAL 806,400 806,400

    You might also like