General Journal 1: Item Account Titles and Explanation Dr. CR
General Journal 1: Item Account Titles and Explanation Dr. CR
General Journal 1: Item Account Titles and Explanation Dr. CR
5 Cash 35,950.00
Service Income 35,950.00
Cash Service Income
35,950.00 35,950.00
15 Cash 40,000.00
Centeno, Capital 40,000.00
Cash Cash
40,000.00 40,000.00
Cash Ceteno, Capital
150,000.00 15,000.00 P150,000.00
35,950.00 2,600.00 40,000.00
40,000.00 1,830.00 40,000.00
16,900.00
15,000.00 Ceteno, Personal
9,420.00 15,000.00
2,435.00
225,950.00 63,185.00 Service Income
(63,185.00) 35,950.00
162,765.00 52,830.00
88,780.00
Accounts receivable
52,830.00 52,830.00 Accounts payable
(52,830.00) 18,750.00 18,750.00
- 5,280.00
24,030.00
Notes receivable (18,750.00)
52,830.00 5,280.00
Office Equipment
18,750.00
Advertising expense
2,600.00
Rent Expense
15,000.00
Salaries Expense
16,900.00
Telephone Expense
2,435.00
2,435.00
Utilities Expense
5,280.00
5,280.00
Centeno Law Office
Trial Balance
Account Titles Debit
Cash 162,765.00
Notes Recievable 52,830.00
Office Supplies 9,420.00
Office Equipment 18,750.00
Advertising Expense 2,600.00
Rent Expense 15,000.00
Salaries Expense 16,900.00
Taxes and Licenses 1,830.00
Telephone Expense 2,435.00
Utilities Expense 5,280.00
Ceteno, Personal 15,000.00
Service Income 88,780.00
Accounts Payable 5,280.00
Notes Payable 18,750.00
Ceteno, Capital 190,000.00
TOTAL 302,810.00 302,810.00
Centeno Law Office
Statement of Income Statement
Owner's Equity
Ceteno, Capital, beginning 150,000.00
Additional Investment 40,000.00
Profit 44,735.00
-Ceteno, Personal (15,000.00)
Total Owner's Equity 219,735.00