Chart of Acconts

Title No.
Cash 11 1 = Assets +Assets = +Liabilities +Equity +Revunue
Accounts Receivable 12 2 = Liabilities
Supplies 13 3 = Equity
Prepaid Insurance 14 4 = Revenue
Equipment 16 5 = Expense
Truck 18
Notes Payable 21
Accounts Payable 22
Common Stock 31
Dividends 33
Fees Earned 41
Wages Expense 51
Rent Expense 53
Utilities Expense 54
Truck Expense 55
Miscellaneous Expense 59
12011101 Foundations of Accounting
evunue -Expense
General Journal Page No. 1
Date Description PR Debit Credit
20Y9 PR = No. of Account Title
Nov. 1 Cash 11 50,000
Common stock 31 50,000
Issued common stock to Lexi.

Nov. 1 Rent Expense 53 4,000

Cash 11 4,000
Paid rent for period of November.
Nov. 6 Equipment 16 15,000
Accounts Payable 22 15,000
Purchased office equipment on account.
Nov. 8 Truck 18 38,500
Cash 11 5,000
Notes Payable 21 33,500
Purchased a truck.
Nov. 10 Supplies 13 1,750
Cash 11 1,750
Purchased supplies.
Nov. 12 Cash 11 11,500
Fees Earned 41 11,500
Received cash for job completed.
Nov. 15 Prepaid Insurance 14 2,400
Cash 11 2,400
Paid annual premium on property and casualty insuarance.
Nov. 23 Accounts Receivable 12 22,300
Fees Earned 41 22,300
Recorded jobs completed on account and billed custormers.
Nov. 24 Truck Expense 55 1,250
Accounts Payable 22 1,250
Received an invoice for truck expenses.
12011101 Foundations of Accounting
General Journal Page No. 2
Date Description PR Debit Credit
20Y9
Nov. 29 Utilities Expense 54 4,500
Cash 11 4,500
Paid utilities expense.

Nov. 29 Miscellaneous Expense 59 1,000

Cash 11 1,000
Paid miscellaneous Expense.

Nov. 30 Cash 11 9,000

Accounts Receivable 12 9,000
Received cash from customers on account.

Nov. 30 Wages Expense 51 6,800

Cash 11 6,800
Paid wages of employees.

Nov. 30 Accounts Payable 22 3,000

Cash 11 3,000
Paid creditor a portion of the account payable.

Nov. 30 Dividends 33 2,500

Cash 11 2,500
Paid dividends.

12011101 Foundations of Accounting

 Cash Account No. 11
Date Description PR Debit Date Description PR
Credit
20Y9 20Y9
Nov. 1 Common stock 1 50,000 Nov. 1 Rent Expense 1 4,000
Nov. 12 Fees Earned 1 11,500 Nov. 8 Truck 1 5,000
Nov. 30 Accounts Receivable 2 9,000 Nov. 10 Supplies 1 1,750
Nov. 30 Nov. 15 Prepaid Insurance 1 2,400
Nov. 29 Utilities Expense 2 4,500
Nov. 29 Miscellaneous Expense 2 1,000
Nov. 30 Wages Expense 2 6,800
Nov. 30 Accounts Payable 2 3,000
Nov. 30 Dividends 2 2,500
Nov. 30 Balance 39,550
Received Cash Paid Cash
Accounts Receivable Account No. 12
Date Description PR Debit Date Description PR
Credit
20Y9 20Y9
Nov. 23 Fees Earned 1 22,300 Nov. 30 Cash 2 9,000
Nov. 30 Balance 13,300
There is an receivable. You have got cash from receivables.
Supplies Account No. 13
Date Description PR Debit Date Description PR
Credit
20Y9
Nov. 10 Cash 1 1,750
Nov. 30 Balance 1,750
Purchased new
supplies.
Prepaid Insurance Account No. 14
Date Description PR Debit Date Description PR
Credit
20Y9
Nov. 15 Cash 1 2,400
Nov. 30 Balance 2,400

Equipment Account No. 16

Date Description PR Debit Date Description PR
Credit
20Y9
Nov. 6 Accounts Payable 1 15,000
Nov. 30 Balance 15,000

Truck Account No. 18

Date Description PR Debit Date Description PR
Credit
20Y9
Nov. 8 Cash 5,000
Notes Payable 33,500
Nov. 30 Balance 38,500
12011101 Foundations of Accounting
 Notes Payable Account No. 21
Date Description PR Debit Date Description PR Credit
20Y9 20Y9
Nov. 30 Cash 2 3,000 Nov. 8 Truck 1 33,500
Nov. 30 Balacne 30,500

Accounts Payable Account No. 22

Date Description PR Debit Date Description PR Credit
20Y9
Nov. 6 Equipment 1 15,000
Nov. 24 Truck Expense 1 1,250
Nov. 30 Balacne 16,250

Common Stock Account No. 31

Date Description PR Debit Date Description PR Credit
20Y9
Nov. 1 Cash 1 50,000
Nov. 30 Balacne 50,000

Dividends Account No. 33

Date Description PR Debit Date Description PR Credit
20Y9
Nov. 30 Cash 2 2,500
Nov. 30 Balacne 2,500

Fees Earned Account No. 41

Date Description PR Debit Date Description PR Credit
20Y9
Nov. 12 Cash 1 11,500
Accounts
Nov. 23 1 22,300
Receivable
Nov. 30 Balacne 33,800

Wages Expense Account No. 51

Date Description PR Debit Date Description PR Credit
20Y9
Nov. 30 Cash 2 6,800
Nov. 30 Balacne 6,800

Rent Expense Account No. 53

Date Description PR Debit Date Description PR Credit
20Y9
Nov. 1 Cash 1 4,000
Nov. 30 Balacne 4,000

Utilities Expense Account No. 54

Date Description PR Debit Date Description PR Credit
20Y9
Nov. 29 Cash 2 4,500
Nov. 30 Balacne 4,500

Truck Expense Account No. 55

Date Description PR Debit Date Description PR Credit
20Y9
Accounts
Nov. 24 1 1,250
Payable
Nov. 30 Balacne 1,250

Miscellaneous Expense Account No. 59

Date Description PR Debit Date Description PR Credit
20Y9
Nov. 29 Cash 2 1,000
Nov. 30 Balacne 1,000
 Heritage Designs
Unadjusted Balance
November 30, 20Y9

Account Title No. Debit Credit

Cash 11 39,550
Accounts Receivable 12 13,300
Supplies 13 1,750
Prepaid Insurance 14 2,400
Equipment 16 15,000
Truck 18 38,500
Notes Payable 21 30,500
Accounts Payable 22 16,250
Common Stock 31 50,000
Dividends 33 2,500
Fees Earned 41 33,800
Wages Expense 51 6,800
Rent Expense 53 4,000
Utilities Expense 54 4,500
Truck Expense 55 1,250
Miscellaneous
59 1,000
Expense
Total 130,550 130,550