prac set

transactions journal:

CLASSIC AUTO REPAIR SERVICES General Ledger ASSET ACCOUNTS CASH ON HAND Date LIABILITY AND OWNER'S EQUITY ACCOUNTS ACCOUNTS PAYABLE Date Particulars Debit Credit INCOME STATEMENT ACCOUNTS SERVICE INCOME Date Particulars Debt Credit Particulars Debit Credit Balance Balance Balance CASH IN BANK Date NOTES PAYABLE - SHORT TERM Date Particulars BAD DEBTS Date Particulars Debit Credit Balance Debit Credit Balance Particulars Debit Credit Balance ACCOUNTS RECEIVABLE Date Particulars ACCRUED RENTAL EXPENSE Date Particulars DEPRECIATION EXPENSE Date Particulars Debit Credit Balance Debit Credit Balance Debit Credit Balance ALLOWANCE FOR BAD DEBTS Date Particulars ACCRUED INTEREST EXPENSE Date Particulars SALARIES AND WAGES Date Particulars Debit Credit Balance Debit Credit Balance Debit Credit Balance SHOP SUPPLIES INVENTORY Date Particulars ACCRUED TAXES AND LICENSES Date Particulars INTEREST EXPENSE Date Particulars Debit Credit Balance Debit Credit Balance Debit Credit Balance PREPAID INSURANCE Date Particulars ACCRUED UTILITIES EXPENSE Date Particulars RENT EXPENSE Date Debit Credit Balance Debit Credit Balance Particulars Debit Credit Balance SHOP EQUIPMENT Date Particulars UNEARNED SERVICE INCOME Date Particulars INSURANCE EXPENSE Date Particulars Debit Credit Balance Debit Credit Balance Debe Credit Balance ACCUMULATED DEPRECIATION - SHOP EQUIPMENT Date Particulars Debit Credit M. BOMBEO, CAPITAL Date Particulars SHOP SUPPLIES USED Date Particulars Balance Debit Credit Balance Debit Credit Balance FURNITURE AND FIXTURES Date Particulars M. BOMBEO, DRAWING Date Particulars UTILITIES EXPENSE Date Particulars Debit Credit Balance Debit Credit Balance Debit Credit Balance ACCUMULATED DEPRECIATION - FURNITURE AND FIXTURES Date Particulars Debit Credit TRANSPORTATION EXPENSE Date Particulars Balance Debit Credit Balance TAXES AND LICENSES Date Particulars Debit Credit Balance CLASSIC AUTO REPAIR SERVICES General Journal Date Particulars F Debit Credit Jan-4 Cash on Hand 2,360.00 Account Receivable 2,360.00 Amount received in Settlement of invoice no. Jan-6 Cash on Hand Service Income 8,470.00 8,470.00 411 Cash sales recorded Jan-7 Account Receivable 10,350.00 Service Income 10,350.00 Sales Made on credit Jan-8 Cash in Bank 10,830.00 Cash on Hand Cash & Check deposited 5,830.00 5,000.00 15,500.00 Jan-9 Shop Supplies Inventory Cash on Hand Cash purchase recorded 15,500.00 Jan-11 Account Receivable 9,020.00 Service Income 9,020.00 Being Sales made Jan-12 Cash on Hand 8,690.00 Service Income 8,690.00 Cash sales recorded Jan-13 Cash on Hand 4,345.00 Cash in Bank 5,000.00 Account Receivable 9,345.00 Payment Received from Mindanao Trucking services Jan-14 Cash on Hand 13,650.00 13,650.00 Service Income Cash sales recorded Jan-15 Cash in Bank 31,685.00 Cash on Hand 16,685.00 Cash in Bank 15,000.00 Cash & check deposited 15,000.00 Jan-16 M. Bombeo, Drawings Cash in Bank Cash Withdrawn For personal Use 15,000.00 Jan-19 Accounts Payable 46,900.00 Cash in Bank 46,900.00 Check Issued Jan-22 Cash in Bank 14,950.00 Cash on Hand 14,950.00 8,300.00 Jan-25 Shop Supplies Inventory Accounts Payable 8,300.00 Jan-27 Cash on Hand 10,000.00 Accounts Receivable 10,000.00 Jan-28 Cash on Hand 14,600.00 Service Income 14,600.00 Jan-29 Cash in Bank 24,600.00 Cash on Hand 24,600.00 Account Receivable 13,200.00 Service Income 13,200.00 15,160.00 Jan-30 Salaries & Wages Cash in Bank 15,160.00 870.00 Jan-31 Transportation Expense Cash on Hand 870.00