xacc 280 Comprehensive Problem

Topics: Generally Accepted Accounting Principles, Balance sheet, Asset Pages: 8 (688 words) Published: September 27, 2013
Comprehensive Problem
Post Accounts
Post the July accounts for Choi's Window Washing, Inc. You have 18 accounts altogether.

GENERAL LEDGER

CashNo. 101
DATEEXPLANATIONREF.DEBITCREDITBALANCE
1-Jul-2013j1 12,000 12,000
1-Julj1 3,000 9,000
5-Julj1 2,400 6,600
18-Julj1 1,800 4,800
20-Julj1 1,200 3,600
21-Julj1 1,400 5,000
31-Julj1 200 4,800
31-Julj1 900 3,900

Accounts ReceivableNo. 112
DATEEXPLANATIONREF.DEBITCREDITBALANCE

Cleaning SuppliesNo. 128
DATEEXPLANATIONREF.DEBITCREDITBALANCE

Prepaid InsuranceNo. 130
DATEEXPLANATIONREF.DEBITCREDITBALANCE

EquipmentNo. 157
DATEEXPLANATIONREF.DEBITCREDITBALANCE

Accumulated Depreciation - EquipmentNo. 158
DATEEXPLANATIONREF.DEBITCREDITBALANCE

Accounts PayableNo. 201
DATEEXPLANATIONREF.DEBITCREDITBALANCE

Salaries PayableNo. 212
DATEEXPLANATIONREF.DEBITCREDITBALANCE

Common StockNo. 311
DATEEXPLANATIONREF.DEBITCREDITBALANCE

Retained EarningsNo. 320
DATEEXPLANATIONREF.DEBITCREDITBALANCE

DividendsNo. 332
DATEEXPLANATIONREF.DEBITCREDITBALANCE

Income SummaryNo. 350
DATEEXPLANATIONREF.DEBITCREDITBALANCE

Service RevenueNo. 400
DATEEXPLANATIONREF.DEBITCREDITBALANCE

Gas & Oil ExpenseNo. 633
DATEEXPLANATIONREF.DEBITCREDITBALANCE

Cleaning Supplies Expense No. 634
DATEEXPLANATIONREF.DEBITCREDITBALANCE

Depreciation ExpenseNo. 711
DATEEXPLANATIONREF.DEBITCREDITBALANCE

Insurance ExpenseNo. 722
DATEEXPLANATIONREF.DEBITCREDITBALANCE

Salaries ExpenseNo. 726
DATEEXPLANATIONREF.DEBITCREDITBALANCE

Comprehensive Problem
Journalize Transactions
Use this template to journalize and post the July transactions for Choi's Window Washing, Inc.

GENERAL JOURNALJ1
DATEACCOUNT TITLE AND EXPLANATIONREF.DEBITCREDIT
July 1Cash101 12,000
Common Stock311 12,000

1Equipment157 6,000
Cash101 3,000
Accounts Payable201 3,000

3Cleaning Supplies128 1,300
Accounts Payable201 1,300

5Prepaid Insurance130 2,400
Cash101 2,400

12Accounts Receivable112 2,500
Service Revenue400 2,500

18Accounts Payable201 1,800
Cash101 1,800

20Salaries Expense726 1,200
Cash101 1,200

21Cash101 1,400
Accounts Receivable112 1,400

25Accounts Receivable112 5,000
Service Revenue400 5,000

31Gas & Oil Expense633 200
Cash101 200

31Dividends332 900
Cash101 900

Choi's Window Washing INC.
Worksheet
For the Month Ended July 31, 2008
AdjustedIncome
Trial BalanceAdjustments...
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