Question
1. July 1 - Debit: Cash $132,000 - Debit: Computer System $50,000 - Debit: Office Equipment $10,000 - Credit: Common Stock $132,000 - Credit: Computer
1. July 1
- Debit: Cash $132,000
- Debit: Computer System $50,000
- Debit: Office Equipment $10,000
- Credit: Common Stock $132,000
- Credit: Computer System $50,000
- Credit: Office Equipment $10,000
2. July 1
- Debit: Rent Expense $3,200
- Credit: Cash $3,200
3. July 1
- Debit: Inventory $82,000
- Credit: Accounts Payable (Jerry Rice Unlimited) $82,000
4. July 2
- Debit: Office Supplies $5,450
- Credit: Cash $5,450
5. July 2
- Debit: Prepaid Insurance $6,000
- Credit: Cash $6,000
6. July 3
- Debit: Inventory $19,000
- Credit: Accounts Payable (Donavon McNabb) $19,000
7. July 5
- Debit: Accounts Receivable (Aaron Rodgers) $52,850
- Credit: Sales $52,850
- Debit: Cost of Goods Sold $31,250
- Credit: Inventory $31,250
8. July 7
- Debit: Inventory $17,850
- Credit: Cash $17,850
9. July 10
- Debit: Cash $75,200
- Credit: Sales $75,200
- Debit: Cost of Goods Sold $48,400
- Credit: Inventory $48,400
10. July 10
- Debit: Accounts Payable (Jerry Rice Unlimited) $82,000
- Credit: Cash $82,000
11. July 15
- Debit: Cash $52,850
- Credit: Accounts Receivable (Aaron Rodgers) $52,850
12. July 18
- Debit: Accounts Payable (Donavon McNabb) $19,000
- Credit: Cash $19,000
Create an Unadjusted Trial Balance with these Journal Entries: Check Figure: 320,050 Total Debits
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Activity Accounting An Activity-Based Costing Approach
Authors: James A. Brimson
1st Edition
0471196282, 978-0471196280
