S 150,000 22,000 6,000 3,000 1,200 4,000 7,500 HITHI 5 Mar 1 Invested cash 6 Invested office equipment 7 2 Prepaid six months rent 8 3 Purchased office equipment on credit 9 Purchased office supplies on credit 10 6 Completed services and received cash 11 9 Completed services for account receivable 12 in 30 days 13 12 Paid account payable created March 3 14 19 Paid cash for annual insurance premium 15 22 Received partial payment for March 9 work 6 25 Completed services on credit 17 29 Withdrew cash for personal use 8 30 Purchased office supplies on credit 9 31 Paid cash for month's utility bill CO -1 Check figures: 2 (2) Ending balances -3 Cash -4 Accounts Receivable -5 Accounts Payable 6 (3) Total debits 07 4,200 5,000 3,500 3,820 5,100 600 500 S $ 136,700 7,820 600 187,920 Credit 6 General Journal 7 8 9 Date Explanation Debit 10 Mar 1 Cash 11 Office Equipment 12 D. Brooks, Capital 13 Owner invested cash and equipment 14 15 2 Prepaid Rent 16 Cash 17 Prepaid six months' rent. 18 19 20 21 22 23 3 Office Equipment Office Supplies Accounts Payable Purchased equipment and supplies on credit. 24 25 6 Cash Services Revenue Received cash for services. 26 27 28 29 9 Accounts Receivable Services Revenue Billed client for completed work. 30 31 32 23. 12 Accounts Payable Cach H 12 Accounts Payable Cash Paid balance due on account 19 Prepaid Insurance Cash Paid premium for insurance. 22 Cash Accounts Receivable Collected part of amount owed by client. 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 25 Accounts Receivable Services Revenue Billed client for completed work. 29 D. Brooks, Withdrawals Cash Owner withdrew cash for personal use. 30 Office Supplies Accounts Payable Purchased supplies on account. 31 Utilities Expense Cash Paid monthly utility bill. Cash Account No. 101 Debit Credit Balance Date Explanation Mar 1 2 6 12 19 22 29 31 Accounts Receivable Account No. 106 Explanation Debit Credit Balance Date Mar 9 22 25 Office Supplies Account No. 124 Explanation Debit Credit Balance Date Mar 3 30 Account No. 128 Debit Credit Balance Account No. Try again! 131 Debit Credit Balance Account No. 163 Debit Credit Balance 88 Prepaid Insurance 89 90 Date Explanation 91 Mar 19 92 93 Prepaid Rent 94 95 Date Explanation 96 Mar 2 97 98 Office Equipment 99 00 Date Explanation 01 Mar 1 02 3 03 04 Accounts Payable 05 06 Date Explanation 07 Mar 3 08 12 09 30 10 11 D. Brooks, Capital 12 13 Date Explanation 14 Mar 1 15 Account No. 201 Debit Credit Balance Account No. 301 Debit Credit Balance Credit Balance Account No. 690 Credit Balance 123 Date Explanation Debit 124 Mar 6 125 9 126 25 127 128 Utilities Expense 129 130 Date Explanation Debit 131 Mar 31 132 133 134 VENTURE CONSULTANTS 135 Trial Balance 136 March 30 137 138 Account Title Debits 139 Cash 140 Accounts receivable 141 Office supplies 142 Prepaid insurance 143 Prepaid rent 144 Office equipment 145 Accounts payable 146 D. Brooks, Capital 147 D. Brooks, Withdrawals 148 Services revenue 149 Utilities expense 150 Credits