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Post the transactions to the ledger in chronological order and complete the Adjusted Trial Balance. Transactions Dec. 1 Issued common stock for $24,200 cash. 2
Post the transactions to the ledger in chronological order and complete the Adjusted Trial Balance.
Transactions | ||
Dec. | 1 | Issued common stock for $24,200 cash. |
2 | Billed clients for $11,000 of work performed. | |
3 | Received payment of $9,500 in advance for work to be performed. | |
5 | Paid rent in advance of $10,900 to cover December through March rent. | |
10 | Bought furniture, paying $3,100 cash and $7,400 notes payable. | |
15 | Received $4,400 from accounts receivable. | |
15 | Incurred salaries expense of $18,700 to be paid at a future date. | |
16 | Paid $490 toward their Accounts Payable. | |
31 | Made an adjustment for revenue of $9,500 that was prepaid and had been earned. | |
31 | Adjusted for rent expired during December. | |
31 | Adjusted for depreciation on furniture, $320. | |
31 | Paid salaries payable and incurred another $18,700 of salaries expense to be paid next month. Post the salaries paid first. | |
31 | Paid $3,900 in Dividends. |
Cash | |||||
---|---|---|---|---|---|
Date | Explanation | Ref. | Debit | Credit | Balance |
Balance | 21,000 | 21,000 | |||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 | |||||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 | |||||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 | |||||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 | |||||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 | |||||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 | |||||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 | |||||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 |
Accounts Receivable | |||||
---|---|---|---|---|---|
Date | Explanation | Ref. | Debit | Credit | Balance |
Balance | 0 | 0 | |||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 | |||||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 |
Prepaid Rent | |||||
---|---|---|---|---|---|
Date | Explanation | Ref. | Debit | Credit | Balance |
Balance | 0 | 0 | |||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 | |||||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 |
Furniture | |||||
---|---|---|---|---|---|
Date | Explanation | Ref. | Debit | Credit | Balance |
Balance | 19,300 | 19,300 | |||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 |
Accumulated Depreciation - Furniture | |||||
---|---|---|---|---|---|
Date | Explanation | Ref. | Debit | Credit | Balance |
Balance | 4,300 | 4,300 | |||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 |
Accounts Payable | |||||
---|---|---|---|---|---|
Date | Explanation | Ref. | Debit | Credit | Balance |
Balance | 7,700 | 7,700 | |||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 |
Salaries Payable | |||||
---|---|---|---|---|---|
Date | Explanation | Ref. | Debit | Credit | Balance |
Balance | 0 | 0 | |||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 | |||||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 | |||||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 |
Unearned Revenue | |||||
---|---|---|---|---|---|
Date | Explanation | Ref. | Debit | Credit | Balance |
Balance | 0 | 0 | |||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 | |||||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 |
Notes Payable | |||||
---|---|---|---|---|---|
Date | Explanation | Ref. | Debit | Credit | Balance |
Balance | 23,500 | 23,500 | |||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 |
Common Stock | |||||
---|---|---|---|---|---|
Date | Explanation | Ref. | Debit | Credit | Balance |
Balance | 4,800 | 4,800 | |||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 |
Dividends | |||||
---|---|---|---|---|---|
Date | Explanation | Ref. | Debit | Credit | Balance |
Balance | 0 | 0 | |||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 |
Service Revenue | |||||
---|---|---|---|---|---|
Date | Explanation | Ref. | Debit | Credit | Balance |
Balance | 0 | 0 | |||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 | |||||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 |
Depreciation Expense - Furniture | |||||
---|---|---|---|---|---|
Date | Explanation | Ref. | Debit | Credit | Balance |
Balance | 0 | 0 | |||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 |
Rent Expense | |||||
---|---|---|---|---|---|
Date | Explanation | Ref. | Debit | Credit | Balance |
Balance | 0 | 0 | |||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 |
|
Salaries Expense | |||||
---|---|---|---|---|---|
Date | Explanation | Ref. | Debit | Credit | Balance |
Balance | 0 | 0 | |||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 | |||||
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31 |
Smart Touch Learning | ||
---|---|---|
Adjusted Trial Balance | ||
December 31, 2016 | ||
Balance | ||
Account Title | Debit | Credit |
Cash | ||
Accounts Receivable | ||
Prepaid Rent | ||
Furniture | ||
Accumulated Depreciation--Furniture | ||
Accounts Payable | ||
Salaries Payable | ||
Notes Payable | ||
Common Stock | ||
Dividends | ||
Service Revenue | ||
Depreciation Expense--Furniture | ||
Rent Expense | ||
Salaries Expense | ||
Total |
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