(Cách làm, có thể đọc thuyết trình hoặc không) problem 3-5 in the textbook and what we're

gonna do here is we're going to look at a series of transactions and for each transaction
we're going to prepare a journal entry and then later on we're going to post those journal
entries to the t-accounts and then summarize each t account to come up with a net balance
and prepare a trial balance so let's go through all the journal entries and then we'll post them
and prepare the trial balance

General Journal
Date Accounts title and Explanation Debit Credit
1 Cash 18,000
Common stock 18000
1 no journal entry required
2 Cash 900
Rent expense 900
3 Supplies 1,300
Account payable 1,300
10 Account receivables 1,900
Service revenue 1,900
11 Cash 700
Unearned Revenue 700
20 Cash 2,800
Service revenue 2,800
30 Cash 1,500
Salary and wages expense 1,500
30 Cash 300
Account payable 300

(Phần này bắt buộc phải đọc để giới thiệu đề bài) transaction is Ayala architects
incorporated as licensed architects on April 1 2022 during the first month of operation
of the business these events and transactions occurred April 1st
 First transaction: stockholders invested $18,000 cash in exchange for common stock
(so we're gonna have our account title here and then we're going to have a debit and
we're gonna have a credit for each one of these things) – ai thuyết trình phần này chỉ
tay vào cái title hàng thứ hai trong bảng
The first journal entry is a transaction where the investor contributed $18,000 into the
company in exchange for common stock so that's gonna be a debit to the cash because cash
increased debit $18,000 and a credit to common stock of this corporation for eighteen
thousand dollars again debits have to equal credits it does
 Next transaction: hired a secretary receptionist at a salary of $375 (three hundred
and seventy five dollars) per week payable monthly
Although this is an event it's not a transaction that requires a journal entry. Therefore no
journal entry required
 Next item : paid office rent for the month of $900 (nine hundred dollars). We have a
rent expense and they paid cash. So an expense is got to go up rent expense we
increase an expense with a debit
 They paid cash cash goes out the door cash goes down we decrease cash with a credit. So
this transaction is a debit to rent expense what $900 (nine hundred dollars) and a credit to
cash for the same $900 (nine hundred dollars)
 Next transaction: purchased architectural supplies on account from Birmingham
company for $1,300.
So purchase supplies that's an asset. We increase an asset with a debit and they purchased
it on account that means an obligation to pay that's a liability increase with a credit so
we're gonna debit supplies again as an asset the $1,300 and credit accounts payable for
$1300
 Next transaction: completed blueprints on a carpet on a carport and build the client
$1,900 for services.
So they earned some revenue and they didn't get paid in cash but they have a receivable.
The clients gonna pay them so a receivable went up so we're gonna call this accounts
receivable it's an asset and it's in the amount of $1,900 (nineteen hundred dollars)
And they have revenue called “service revenue” for $1,900
 the next transaction is received cash receive $700 cash advance from M Jason to
design a new home.
So they received cash in advance of doing some work so they're gonna have a obligation
to perform => they're gonna debit cash or the amount of the transaction which is $700
And a credit to the liability on earned revenue this $700
 the next transaction: occurs on the 20th received $2,800 (twenty eight hundred
dollars) cash for services completed and delivered.
So they received $2,800 (twenty eight hundred dollars) for services performed => they're
gonna have a debit to cash for $2,800 and a credit to service revenue
 on the 30th they paid the secretary receptionist for the month $1,500 fifteen hundred
dollars.
They have an expense (call it salaries expense) in a credit to cash as they use the cash to
pay that person using the amount of fifteen hundred dollars they go
 the last transaction is paid three hundred dollars to Birmingham for accounts payable
due
So we had a previous transaction where they owed them some money so now they're
gonna actually pay it => we're going to reduce that liability/ accounts payable with a
debit/in the amount of $300 and they paid cash => cash goes down in the amount this
reason for your dollars
Those are your journal entries now what we're going to want to do is post those journal
entries to the T-account
So the first transaction the first journal entry was a debit to cash $1800 (eighteen thousand
dollars) and a credit to common stock for $1800 (eighteen thousand dollars)
The next transaction was it was a rent expense and that was a debit to rent expense for $900
and a credit to cash for $900
Next transaction was a debit to supplies for $1,300 and a credit to accounts payable for $1,300
Next transaction was a debit to accounts receivable for $1,900 credit to service revenue for
$1,900
Next one was a debit to cash for with $700 and a credit to unearned revenue to $700
Then we had another transaction we debit cash for $2,800 and a credit to service revenue for
$2,800
We had salaries expense and that was a debit for $1,500 any credit to cash with $1,500
And lastly a debit to accounts payable for $300 and a credit to to cash
=>>> so we've posted to all of our accounts and what we want to do now is we want to come
up with a net balance ( Đoạn này tính tổng từng T account, cái nào có cả Debit lẫn Credit thì
cứ lấy 2 cái đấy trừ đi nhau)

Now we are gonna use to come up with a trial balance take the transfer a listing a summary of
all the debits and credits. In that account so we're gonna have a debit and we have credit first
account. (Đọc từng dòng ra, rồi tính tổng theo hang dọc)
So this is our trial balance that is a summary of all the net balances from our T accounts.