It management

SUSQUEHANNA EQUIPMENT RENTALS
GENERAL JOURNAL
DECEMBER 2011
REF
1

DATE

ACCOUNT

12/1/2011

Cash

DEBIT

CREDIT

$200,000
Capital Stock

$

200,000

Cash

$

140,000

Notes Payable

$

100,000

$

12,000

$

1,000

$

8,000

$

5,200

$

18,000

$

600

$

2,000

$

5,200

$

600

Sold 20,000 shares to John&Patty Driver

2

12/1/2011

Rental Equipment

$240,000

Purchased Rental equipment. Note due November 30, 2012

3

12/1/2011

Prepaid Rent

$12,000

Cash
Prepaid 3 months rent to Shapiro Reality

4

12/4/2011

Office Supplies

$1,000

Accounts Payable
Purchased office supplies on account from Modern Office, Co

5

12/8/2011

Cash

$8,000
Unearned Rental Fees

Received Prepaid rent from McNamer Construction Co.

6

12/12/2011

Salaries Expense

$5,200

Cash
Salaries first 2 weeks of December

7

12/15/2011

Cash

$12,000

Account Receivable

$6,000

Rental Fees Earned
Revenue earned

8

12/17/2011

Maintenance Expense

$600

Accounts Payable
Repair parts for rental tractor. Due in 30 days to Earth Movers

9

12/23/2011

Cash

$2,000

Account Receivable
Received payment on Accounts Receivable

10

12/26/2011

Rented Equipment to Mission Landscaping/ payment due on return

11

12/26/2011

Salaries Expense

$5,200

Cash
Salaries for 2 pay period of Dec

12

12/27/2011

Accounts Payable
Cash

$600

REF

DATE

ACCOUNT

DEBIT

CREDIT

Paid Earth movers for Ref#8

13

12/28/2011

Dividends

$2,000

Dividends Payable

$

2,000

$

9,600

$

700

$

20,000

$

4,000

$

500

$

2,500

$

400

$

3,700

$

1,500

$

1,400

$

9,080

Declared dividends payable on 1/12/2012

14

12/29/2011

Unexpired Insurance

$9,600

Cash
12 month liability policy. Effective 1/1/2012

15

12/31/2011

Utilities