P2-1A
General Journal
Date Account Title Ref Debit Credit
April, 1 cash 101 50,000
share capital ordinary 311 50,000
(issued share for cash)
4 land 121 34,000
cash 101 34,000
(purchase land for cash)
8 advertising expense 723 1,800
account payable 201 1,800
11 salaries and wages expense 726 1,500
cash 101 1,500
(paid salaries to employees)
12 NO ENTRY
(hired manager)
13 prepaid insurance 130 1,500
cash 101 1,500
(paid one year insurance)
17 dividend 332 1,400
cash 101 1,400
(declared and paid a cash dividend)
20 cash 101 6,400
service revenue 400 6,400
(received cash for service provided)
25 cash 101 30,000
unearned admission revenue 209 30,000
(received cash for future service)
30 cash 101 8,500
service revenue 400 8,500
(received cash for service provided)
30 account payable 201 900
cash 101 900
(paid creditor on account)
General Ledger
cash
date explanation ref debit credit
April, 1 J1 50,000
4 J1 34,000
11 J1 1,500
13 J1 1,500
17 J1 1,400
20 J1 6,400
25 J1 30,000
30 J1 8,500
30 J1 900
land
date explanation ref debit credit
4 J1 34,000
prepaid insurance
date explanatin ref debit credit
13 J1 1,500
accounts payable
date explanation ref debit credit
8 J1 1,800
30 J1 900
unearned service revenue
date explanation ref debit credit
25 J1 30,000
share capital ordinary
date explanation ref debit credit
1 J1 50,000
dividends
date explanation ref debit credit
17 J1 1,400
service revenue
date explanation ref debit credit
20 J1 6,400
30 J1 8,500
advertising expense
date explanation ref debit credit
J1 1,800
salaries and wages expense
date explanation ref debit credit
11 J1 1,500
Prairie Park ASA
Trial Balance
30-Apr-17
debit Credit
cash 55,600
land 34,000
prepaid insurance 1,500
account payable 900
anearnead service reevenue 30,000
share capital ordinary 50,000
dividends 1400
service revenue 14,900
advertising expense 1,800
salaries and wages expense 1,500
95,800 95,800
no. 101
balance
50,000
16,000
14,500
13,000
11,600
18,000
48,000
56,500
55,600
no. 121
balance
34,000
no. 130
balance
1,500
no. 201
balance
1,800
900
no. 209
balance
30,000
no. 311
balance
50,000
no. 332
balance
1,400
no. 400
balance
6,400
14,900
no. 723
balance
1,800
no. 726
balance
1,500
P2-2A
General Journal
date account title ref debit credit
May, 1 cash 101 20,000
share capital ordinary 311 20,000
(issued shares for cash)
2 NO ENTRY
(not a transaction)
3 supplies 126 1,500
account payable 201 1,500
(purchase supplies on account)
7 rent expense 729 900
cash 101 900
(paid office rent)
11 account receivable 112 2,800
service revenue 400 2,800
(billed client for service performed)
12 cash 101 3,500
unearnead service revenue 209 3,500
(received cash for the future service)
17 cash 101 1,200
service revenue 400 1,200
(received cash for service revenue)
31 salaries and wages expense 726 2,000
cash 101 2,000
(paid salaries)
31 account payable (1,500 X 40%) 201 600
cash 101 600
(paid creditor on account)
General Ledger
cash
date explanation ref debit credit
1 J1 20,000
7 J1 900
12 J1 3,500
17 J1 1,200
31 J1 2,000
31 J1 600
account receivable
date explanation ref debit credit
11 J1 2,800
supplies
date explanation ref debit credit
3 J1 1,500
account payable
date explanation ref debit credit
3 J1 1,500
31 J1 600
unearned service revenue
date explanation ref debit credit
12 J1 3,500
share capital ordinary
date explanation ref debit credit
1 J1 20,000
service revenue
date explanation ref debit credit
11 J1 2,800
17 J1 1,200
salaries and wages expense
date explanation ref debit credit
31 J1 2,000
rent expense
date explanation ref debit credit
7 J1 900
Lena Fohn
Trial Balance
31-May-17
debit credit
cash 21,200
accounts receivable 2,800
supplies 1,500
account payable 900
unearned service revenue 3,500
share capital ordinary 20,000
service revenue 4,000
salaries and wages expense 2,000
rent expense 900
28,400 28,400
no. 101
balance
20,000
19,100
22,600
23,800
21,800
21,200
no. 112
balance
2,800
no. 126
balance
1,500
no. 201
balance
1,500
900
no. 209
balance
3,500
no. 311
balance
20,000
no. 400
balance
2,800
4,000
no. 726
balance
2,000
no. 729
balance
900
