P/s I need help. I tried to do accounting assignment, but I am having problem to
ID: 2464216 • Letter: P
Question
P/s I need help. I tried to do accounting assignment, but I am having problem to do trial balance.
Date
Explanation
PR
Dr.
Cr.
Balance
11/1/15
Cash
GJ1
1,043
1,043
11/2/15
Purchase supply
GJ1
30
1,013
11/3/15
Grocery store
GJ1
35
978
11/3/15
Paid Rent
GJ1
850
128
11/4/15
Purchase supply
GJ1
14
114
11/4/15
Purchase coffee
GJ1
4
110
11/5/15
Loan check received
GJ1
2,226
2,336
11/5/15
Cash withdraw
GJ2
200
2136
11/6/15
Payroll
GJ2
309
2,445
11/9/15
Grocery store purchase
GJ2
50
2,395
11/10/15
Payment on Accounts
GJ2
200
2195
11/10/15
Payment on Accounts
GJ2
100
2095
11/12/15
Cash withdraw
GJ2
1,000
1,095
11/13/15
Payroll
GJ2
296
1,391
11/15/15
Gas Purchase
GJ3
35
1,356
11/16/15
Payment on Account
GJ3
261
1,095
11/20/15
Payroll
GJ3
312
1,407
11/20/15
Purchase Supply
GJ3
65
1,342
11/23/15
Grocery shop
GJ3
24
1,318
11/28/15
Payroll
GJ3
317
1,635
11/28/15
Purchase Supply
GJ4
200
1,435
11/29/15
Monthly parking
GJ4
60
1,375
11/30/15
Car Insurance Paid
GJ4
134
1,241
Account: Income No.102
Date
Explanation
PR
Dr.
Cr.
Balance
11/1/15
Income
GJ1
1,043
1,043
11/5/15
Loan income
GJ1
2,226
3,269
11/6/15
Payroll
GJ2
309
3,578
11/13/15
Payroll
GJ2
296
3874
11/20/15
Payroll
GJ3
312
4,186
11/28/15
Payroll
GJ3
317
4503
Account: Supply No. 103
Date
Explanation
PR
Dr.
Cr.
Balance
11/2/15
Purchase Clothing
GJ1
30
30
11/4/15
Purchase Accessories
GJ1
14
44
11/15/15
Gas Purchase
GJ3
35
79
11/20/15
Purchase Clothing
GJ3
65
144
11/28/15
Home supply
GJ4
200
344
Account: Grocery supplies 104
Date
Explanation
PR
Dr.
Cr.
Balance
11/3/15
Grocery
GJ1
35
35
11/4/15
Coffee
GJ1
4
39
11/9/15
Grocery food
GJ2
50
89
11/23/15
Grocery food
GJ3
24
113
Account: Accounts Payable 104
Date
Explanation
PR
Dr.
Cr.
Balance
11/10/15
Credit Card Payment
GJ2
200
200
11/10/15
Credit Card Payment
GJ2
100
300
11/10/15
Car loan Payment
GJ3
261
561
General Ledger Accounts
Account: Note Payable 105
Date
Explanation
PR
Dr.
Cr.
Balance
11/5/15
Student Loan received
GJ1
2,226
2,226
Account: Expense 106
Date
Explanation
PR
Dr.
Cr.
Balance
11/3/15
Rent Expense
GJ1
850
850
11/29/15
Parking Expense
GJ4
60
910
11/30/15
Car Insurance Expense
GJ4
134
1,044
Account: withdrawal 107
Date
Explanation
PR
Dr.
Cr.
Balance
11/5/15
withdrawal
GJ2
200
200
11/12/15
withdrawal
GJ2
1,000
1,200
Date
Explanation
PR
Dr.
Cr.
Balance
11/1/15
Cash
GJ1
1,043
1,043
11/2/15
Purchase supply
GJ1
30
1,013
11/3/15
Grocery store
GJ1
35
978
11/3/15
Paid Rent
GJ1
850
128
11/4/15
Purchase supply
GJ1
14
114
11/4/15
Purchase coffee
GJ1
4
110
11/5/15
Loan check received
GJ1
2,226
2,336
11/5/15
Cash withdraw
GJ2
200
2136
11/6/15
Payroll
GJ2
309
2,445
11/9/15
Grocery store purchase
GJ2
50
2,395
11/10/15
Payment on Accounts
GJ2
200
2195
11/10/15
Payment on Accounts
GJ2
100
2095
11/12/15
Cash withdraw
GJ2
1,000
1,095
11/13/15
Payroll
GJ2
296
1,391
11/15/15
Gas Purchase
GJ3
35
1,356
11/16/15
Payment on Account
GJ3
261
1,095
11/20/15
Payroll
GJ3
312
1,407
11/20/15
Purchase Supply
GJ3
65
1,342
11/23/15
Grocery shop
GJ3
24
1,318
11/28/15
Payroll
GJ3
317
1,635
11/28/15
Purchase Supply
GJ4
200
1,435
11/29/15
Monthly parking
GJ4
60
1,375
11/30/15
Car Insurance Paid
GJ4
134
1,241
Explanation / Answer
Trial Balance General Ledger Account Balance Account Name Debit Credit Cash $1,241.00 Accounts receivable Inventory $0.00 Accounts payable Credit card payable $0.00 Student Loan $2,226.00 Retained earnings $267.00 $0.00 Sales $1,234.00 Investment income $0.00 Cost Of Supplies $113.00 Cost of purchases clothing $95.00 Cost of purchases Accessories $14.00 Gas Purchase $35.00 Home Supply $200.00 Car Insurance $134.00 Parking $60.00 Rent $850.00 Income taxes $0.00 Totals $3,009.00 $3,460.00 Difference ($451.00)
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