101 Cash
Year	Description	Ref	Debit	Credit	Total

Students will be provided with the first year special journals for their company. The class period will be used to illustrate the process for posting special journals to the ledgers. This is a critical first step and will serve as the starting point for the project. Outside of class, students will be required to prepared a pre-adjusted trial balance, record and post the end of the year adjusting journal entries, prepare an adjusted trial balance, the first year income statement and balance sheet, closing entries, the financial statements, journals and ledgers.

Cash Disbursements Journal for 20X1 Check Number Vendor Accts P Salaries Rent Landlord upplies 1,003 Cheap Office Supplies 3,600 Car Insurance for office 005 Insurance for automobile 2,940 2.940 Insurances 800 Insurance S 2670 Computer3 S40 CoplerIS5 1.760 1,330 150 330 1.020 Big Phone Company 150 Landlord 330 Revenue Service 480 Estimated taxes 202 150 330 100 3,150 Landlord 330 1,038 Alison the Architect 3,150 1,330 190 2,960 o4- 1,045 Insurance for office 330 3,080 Insurance Page 3 20X1 Check Number 1.050 Big Phone Company 420 150 1,051 Alison the Architect 1.052 Huge Utility Company 1,054 Insurance for car 150 1,330 330 880 Insurance l0S 5 Costco Visa 420 480 Estimated taxes 20 15- 1,056 Internal Revenue Service 420 057 0-Sep 150 058 Alison the Architect 1,059 1,060 1,061 Costco Visa 1,062 Big Phone Company 1-Oct 1-Oct Landlord 1,330 420 420 150 3 Alison the Architect 3,150 1.760 1,330 1-Nov 14-Nov 15-Nov 15-Nov 1,065 066 Costco Visa 1,067 Cheap Office Supplies Bot 2.960 Dividends 30 1,068 Shareholders 1,069 1,070 Alison the Architect 1,071 420 420 30-Nov 30-Nov 1-Dec 14-Dec Utility Company Landlord 330 330 330 330 1,073 Costco Visa 1,074 Big Phone Company 1.075 Alison the Architect 1,076 Huge Utility Company 1,760 147,610 1,760 21,120 Total 7,630 15,960 5,040 5,670 54,390 Classify supplies as office supplies on hand * Insurance for office is a prepayment for 7 months buyt credit Insurance for automobile is prepayment for 8 months Useful lives- Straight line depreciation, no salvage value Useful life Information for on hand Ending kitchen supplies on hand Accrue professional service costs (accoutning) S 5670 insurance Record depreciation Tax rate 25% Dividends per share declared December 31 Cash Disbursements Journal for 20X1 Check Number Vendor Accts P Salaries Rent Landlord upplies 1,003 Cheap Office Supplies 3,600 Car Insurance for office 005 Insurance for automobile 2,940 2.940 Insurances 800 Insurance S 2670 Computer3 S40 CoplerIS5 1.760 1,330 150 330 1.020 Big Phone Company 150 Landlord 330 Revenue Service 480 Estimated taxes 202 150 330 100 3,150 Landlord 330 1,038 Alison the Architect 3,150 1,330 190 2,960 o4- 1,045 Insurance for office 330 3,080 Insurance Page 3 20X1 Check Number 1.050 Big Phone Company 420 150 1,051 Alison the Architect 1.052 Huge Utility Company 1,054 Insurance for car 150 1,330 330 880 Insurance l0S 5 Costco Visa 420 480 Estimated taxes 20 15- 1,056 Internal Revenue Service 420 057 0-Sep 150 058 Alison the Architect 1,059 1,060 1,061 Costco Visa 1,062 Big Phone Company 1-Oct 1-Oct Landlord 1,330 420 420 150 3 Alison the Architect 3,150 1.760 1,330 1-Nov 14-Nov 15-Nov 15-Nov 1,065 066 Costco Visa 1,067 Cheap Office Supplies Bot 2.960 Dividends 30 1,068 Shareholders 1,069 1,070 Alison the Architect 1,071 420 420 30-Nov 30-Nov 1-Dec 14-Dec Utility Company Landlord 330 330 330 330 1,073 Costco Visa 1,074 Big Phone Company 1.075 Alison the Architect 1,076 Huge Utility Company 1,760 147,610 1,760 21,120 Total 7,630 15,960 5,040 5,670 54,390 Classify supplies as office supplies on hand * Insurance for office is a prepayment for 7 months buyt credit Insurance for automobile is prepayment for 8 months Useful lives- Straight line depreciation, no salvage value Useful life Information for on hand Ending kitchen supplies on hand Accrue professional service costs (accoutning) S 5670 insurance Record depreciation Tax rate 25% Dividends per share declared December 31