DR.
WHO CLINIC
GENERAL JOURNAL
Date
Account Titles and Explanation P.R. Debit
2014
Jan-01 Cash 100,000
Dr. Who, Capital
To recor dthe initial investment of Dr. Who
3 Organization Expense 7,500
Cash
To record the payment of business permit
5 Prepaid Insurance 10,000
Cash
To record the payment of insurance
10 Computers 20,000
Cash
To record the acquisition of computers
11 Furniture and Fixtures 15,000
Accounts Payable
To record the purchase of furniture and fixtures on account
15 Cash 30,000
Notes Payable
To record the proceeds from bank loan
17 Cash
Professional Fees 35,000
To record the cash received from customers
20 Accounts Receivable 21,000
Professional Fees
To record the rendered services on account
30 Cash 21,000
Accounts Receivable
To record the collection of receivable
31 Rent Expense 10,000
Utiltiies Expense 2,500
Salaries Expense 15,000
Cash
To record the payment for various expenses
31 Dr, Who, Drawing 3,000
Cash
To record the drawings of the owner
Balance 290,000
GJ-1
Credit
100,000
7,500
10,000
20,000
15,000
30,000
35,000
21,000
21,000
27,500
3,000
290,000
Dr. Who Clinic
GENERAL LEDGERS FOR ASSETS
Account: CASH
Date Particular JR Debit (+)
31-Dec Initial Investment 1 100,000
3 Payment of business permit 1
5 Payment of insurance 1
10 Acquisition of Computer 1
15 Bank Loan 1 30,000
17 Professional Fees 1 35,000
30 Collection of receivable 1 21,000
31 Payment of expense 1
31 Drawings of owners 1
Account:ACCOUNT RECEIVABLE
Date Particular JR Debit (+)
19-Jan Professional Fees 1 21,000
30 Collection of receivable 1
Account: PREPAID INSURANCE
Date Particular JR Debit (+)
5 Payment of insurance 1 10,000
Account: FURNITURE & FIXTURES
Date Particular JR Debit (+)
11 Acquisition of Furniture and Fixture 1 15,000
Account: COMPUTERS
Date Particular JR Debit (+)
10 Acquisition of Computer 1 20,000
GENERAL LEDGERS FOR LIABILITIES & EQU
Account: ACCOUNTS PAYABLE
Date Explanation JR Debit (-)
11 Acquisition of Furniture and Fixture 1
Account: NOTES PAYABLE
Date Explanation JR Debit (-)
15 Bank Loan 1 30,000
Account:DR WHO, CAPITAL
Date Explanation JR Debit (-)
31-Dec Initial Investment 1
Account: DR WHO, DRAWINGS
Date Explanation JR Debit
31 Drawings of owners 1 3,000
GENERAL LEDGER FOR REVENUE AND EXPEN
Account: PROFESSIONAL FEES
Date Explanation JR Debit (-)
17 Professional Fees 1
19-Jan Professional Fees 1
Account: SALARIES EXPENSE
Date Particular JR Debit (+)
31 Payment of expense 1 15,000
Account: RENT EXPENSE
Date Particular JR Debit (+)
31 Payment of expense 1 10,000
Account: UTILITIES EXPENSE
Date Particular JR Debit (+)
31 Payment of expense 1 2,500
Account: ORGANIZATION EXPENS
Date Explanation JR Debit (-)
3 Payment of business permit 1 7,500
nic
OR ASSETS
No. 101
Credit (-) BALANCE
100,000
7,500 92,500
10,000 82,500
20,000 62,500
92,500
127,500
148,500
27,500 121,000
3,000 118,000
No. 111
Credit (-) BALANCE
21,000
21,000 -
No. 131
Credit (-) BALANCE
10,000
No. 145
Credit (-) BALANCE
15,000
No. 150
Credit (-) BALANCE
20,000
BILITIES & EQUITY
No. 201
Credit (+) BALANCE
15,000 15,000
No. 212
Credit (+) BALANCE
30,000
No. 300
Credit (+) Debit
100,000 100,000
No. 301
Credit BALANCE
3,000
UE AND EXPENSES
No. 406
Credit (+) BALANCE
35,000 35,000
21,000 56,000
No. 611
Credit (-) BALANCE
15,000
No. 615
Credit (-) BALANCE
10,000
No. 621
Credit (-) BALANCE
2,500
No. 625
Credit (+) BALANCE
7,500
DR. WHO CLINIC
TRIAL BALANCE
(Date)
Acct code Account titles Debit Credit
101 Cash 118,000
111 Accounts Receivable
131 Prepaid Insurance 10,000
145 Furnitures and Fixtures 15,000
150 Computers 20,000
201 Accounts Payable 15,000
212 Notes Payable 30,000
300 Dr. Who, Capital 100,000
301 Dr. Who, Drawings 3,000
406 Professional Fees 56,000
611 Salaries Expense 15,000
615 Rent Expense 10,000
621 Utillities Expense 2,500
625 Organization Expense 7,500
BALANCE 201,000 201,000
