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ULOb Activity 1

The document contains a journal and ledger for a painting business from April 2 to April 29. It records various cash transactions including purchases of equipment, supplies, vehicle and insurance. It also records revenue from painting jobs, salaries and other operating expenses. The ending trial balance on April 29 shows total debits of $124,600 equal to total credits, with the largest assets being cash, equipment and accounts receivable, and the largest liabilities being notes payable and accounts payable.

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emem resuento
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129 views

ULOb Activity 1

The document contains a journal and ledger for a painting business from April 2 to April 29. It records various cash transactions including purchases of equipment, supplies, vehicle and insurance. It also records revenue from painting jobs, salaries and other operating expenses. The ending trial balance on April 29 shows total debits of $124,600 equal to total credits, with the largest assets being cash, equipment and accounts receivable, and the largest liabilities being notes payable and accounts payable.

Uploaded by

emem resuento
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Journal

Entry Dr. Cr.


April 2 Cash 71,000
Virtudazo, Capital 71,000

Painting Equipment 12,300


Cash 12,300

April 3 Service Vehicle 80,000


Cash 50,000
Notes Payable 30,000

April 4 Painting Supplies 3,200


Account Payable 3,200

April 5 Accounts Receivable 4,800


Painting Revenue 4,800

April 7 Cash 1,500


Painting Revenue 1,500

April 10 Painting Supplies 1,600


Cash 1,600

April 11 Cash 4,800


Accounts Receivable 4,800

April 12 Prepaid Insurance 4,000


Cash 4,000

April 13 Accounts Receivable 6,200


Painting Revenue 6,200
Dr. Cr.
April 14 Salaries Expense 1,600
Cash 1,600

April 15 Maintenance Expense 400


Cash 400

April 18 Accounts Payable 3,200


Cash 3,200

April 20 Painting Equipment 6,000


Painting Supplies 2,900
Account Payable 8,900

April 22 Utilities Expense 600


Accounts Payable 600

April 23 Cash 3,300


Accounts Receivable 3,300

April 24 Virtudazo, Wuithdrawals 3,000


Cash 3,000

April 25 Cash 3,600


Painting Revenue 3,600

April 27 Notes Payable 2,000


Cash 2,000

April 29 Salaries Expense 1,800


Cash 1,800
Ledger
Painting
Trail Balance
April 29, 2021

Dr. Cr.
Cash 4,300
Accounts Receivable 2,900
Painting Equipment 18,300
Painting Supplies 7,700
Prepaid Insurance 4,000
Service Vehicle 80,000
Maintenance Expense 400
Utilities Expense 600
Salaries Expense 3,400
Virtudazo Withdrawals 3,000
Notes Payable 28,000
Accounts Payable 9,500
Painting Revenue 16,100
Virtudazo, Capital 71,000

124,600 124,600

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