Mr Rainbow Graphic Works
Date Particulars PR DEBIT
Dec-01 Cash 110 500000
Capital 320
Mr. Rainbow invested cash
3 Photographic Equipment 160 125000
Capital 320
Mr. Rainbow invested photographic equipment
4 Furnitures and Fixtures ( Tables and Chairs) 150 56250
Cash 110
Notes Payable 220
Purchased furnitures and fixtures in cash
5 Accounts Receivable 120 8765.55
Service fees 410
Performed service on account
6 Shop Supplies 140 6290
Accounts Payable 210
Purchased shop supplies on account
9 Cash 110 12900
Unearned income 230
Received advance payment
10 Accounts Payable 210 6290
Cash 110
Paid on account
12 Cash 110 29850
Service Fees 410
Receive for service rendered
14 Cash 110 8765.55
Acccounts Receivable 120
Mr. Gray paid his account
15 Electricity expense 510 3839.55
Cash 110
Paid electricity bill for the month
21 Cash 110 28000
Notes receivable 130 9000
Service fees 410
Perform service to customer
28 Owner Withdrawal 310 10000
Cash 110
Withdrawal of cash for personal use
GJ _
CREDIT
500000
125000
33750
22500
8765.55
6290
12900
6290
29850
8765.55
3839.55
37000
10000
Cash
Date Particulars F DEBIT
Dec-01 Invested initial cash 500000
Dec-04 Purchased Furnitures and Fixtures in cash
Dec-09 Received advanced payment 12900
Dec-10 Paid on Account
Dec-12 Receive for service rendered 29850
Dec-14 Mr. Gray Paid his account 8765.55
Dec-15 Paid electricity bill for the month
Dec-21 Performed service to customer 28000
Dec-28 Withdrawal of cash for personal use
Accounts Receivable
Dec-05 Performed service on account 8765.55
Dec-14 Mr. Gray Paid his account
Notes Receivable
Dec-21 Performed service to customer 9000
Shop Supplies
Dec-06 Purchased shop supplies on account 6290
Furnitures and Fixtures ( Tables and Chairs)
Dec-04 Purchased furnitures and fixtures in cash 56250
Photographic Equipment
Dec-03 Invested photographic equipment 125000
Accounts Payable
Dec-06 Purchased Supplies on Account
Notes Payable
Dec-04 Purchased Furnitures and Fixtures in Cash
Unearned Income
Dec-09 Received Advance Payment
Owner Withdrawal
Dec-28 Withdrawal of Cash for personal use 10000
Capital
Dec-01 Mr. Rainbow invested cash
Dec-03 Mr. Rainbow invested Photographic Equipment
Service Fees
Dec-05 Performed Service on account
Dec-12 Received for services Rendered
Dec-21 Performed Services to customers
Electricity Expense
Dec-15 Paid Electricity bill for the month 3839.55
110
CREDIT DEBIT CREDIT
500000
33750 466250
479150
6290 472860
502710
511475.55
3839.55 507636
535636
10000 525636
120
8765.55
8765.55 0
130
9000
140
6290
irs) 150
56250
160
125000
210
6290 6290
220
22500 22500
230
12900 12900
310
10000
320
500000 500000
125000 125000
410
8765.55 8765.55
29850 38615.55
37000 75615.55
510
3839.55
Total: 736015.55 742305.55
Unadjusted Trial Balance
Acct # ACCOUNT TITLE
DEBIT
Unadjusted Trial Balance Adjustments Adjusted Trial Balance
CREDIT DEBIT CREDIT DEBIT CREDIT
Income Statement Balance Sheet Closing Entries
DEBIT CREDIT DEBIT CREDIT DEBIT
Closing Entries
CREDIT
A. Company
Income Statement
For the Month Ended
A. Company
Statement to Changes in Owner's Equity
For the Month Ended
A. Company
Statement of Financial Position
As of
A. Company
STatement of Cash Flow
For the Month Ended
A. Company
Post-Closing Trial Balance
For the Month Ended
