This is all data given. Red means incorrect.
F Page Gj1 Debit Credit 30,000 30,000 Page GJ2 Debit Credit 21,600 21,600 4,800 11,256 4,800 11,256 General Journal Date Account/Explanation 1/Jul Cash Share Capital Issued shares 1/Jul Prepaid Rent Cash Prepaid for rent 2/Jul Cash Unearned Consulting Revenue Received payment for consulting in advance 3/Jul Accounts Receivable Consulting Revenue Earned. Earned consulting revenue 3/Jul Food and Drinks Expense. Cash Paid for dinner with client 23,000 500 General Journal Date Account/Explanation F 4/Jul Furniture Accounts Payable Received furniture 4/Jul Accounts Receivable. Consulting Revenue Earned. Earned consulting revenue 18/Jul Repair Expense... Cash Paid for repairs to computers 19/Jul Accounts Payable Cash Paid invoice for furniture 22/Jul Advertising Expense Accounts Payable Received bill for advertising expense 23,000 500 21,600 10,184 21,600 10,184 700 46 700 46 General Journal Date Account/Explanation 31/Jul Insurance Expense.. Cash Paid for insurance expense Page GJ4 F Debit Credit 500 500 General Journal Page GJ3 Date Account/Explanation F Debit Credit 25/Jul Salaries Expense 9,500 Cash 9,500 Paid cash for salaries 27/Jul Cash 268 Consulting Revenue Earned. 268 Earned and received consulting revenue 29/Jul Cash 11,256 Accounts Receivable 11,256 Received customer payment 31/Jul Accounts Payable 700 Cash 700 Paid bill for advertising expense 31/Jul Dividends 7,650 Cash 7,650 Dividends a) Prepare an unadjusted trial balance at July 31, 2014. HINT: Where do you get the information needed to prepare the unadjusted trial balance? Apex Consulting Corp. Unadjusted Trial Balance July 31, 2014 Debit Credit Cash 19,228 Share Capital 30,000 Prepaid Rent 4,800 Uneamed Consulting Revenue 23,000 Accounts Receivable. 10,184 Consulting Revenue Earned 21,708 Food and Drinks Expense, 46 Furniture 21,600 Accounts Payable Repair Expense 500 Advertising Expense 700 Salaries Expense 9,500 Dividends. 7,650 Insurance Expense 500 Totals 74,708 74,708 F Page Gj1 Debit Credit 30,000 30,000 Page GJ2 Debit Credit 21,600 21,600 4,800 11,256 4,800 11,256 General Journal Date Account/Explanation 1/Jul Cash Share Capital Issued shares 1/Jul Prepaid Rent Cash Prepaid for rent 2/Jul Cash Unearned Consulting Revenue Received payment for consulting in advance 3/Jul Accounts Receivable Consulting Revenue Earned. Earned consulting revenue 3/Jul Food and Drinks Expense. Cash Paid for dinner with client 23,000 500 General Journal Date Account/Explanation F 4/Jul Furniture Accounts Payable Received furniture 4/Jul Accounts Receivable. Consulting Revenue Earned. Earned consulting revenue 18/Jul Repair Expense... Cash Paid for repairs to computers 19/Jul Accounts Payable Cash Paid invoice for furniture 22/Jul Advertising Expense Accounts Payable Received bill for advertising expense 23,000 500 21,600 10,184 21,600 10,184 700 46 700 46 General Journal Date Account/Explanation 31/Jul Insurance Expense.. Cash Paid for insurance expense Page GJ4 F Debit Credit 500 500 General Journal Page GJ3 Date Account/Explanation F Debit Credit 25/Jul Salaries Expense 9,500 Cash 9,500 Paid cash for salaries 27/Jul Cash 268 Consulting Revenue Earned. 268 Earned and received consulting revenue 29/Jul Cash 11,256 Accounts Receivable 11,256 Received customer payment 31/Jul Accounts Payable 700 Cash 700 Paid bill for advertising expense 31/Jul Dividends 7,650 Cash 7,650 Dividends a) Prepare an unadjusted trial balance at July 31, 2014. HINT: Where do you get the information needed to prepare the unadjusted trial balance? Apex Consulting Corp. Unadjusted Trial Balance July 31, 2014 Debit Credit Cash 19,228 Share Capital 30,000 Prepaid Rent 4,800 Uneamed Consulting Revenue 23,000 Accounts Receivable. 10,184 Consulting Revenue Earned 21,708 Food and Drinks Expense, 46 Furniture 21,600 Accounts Payable Repair Expense 500 Advertising Expense 700 Salaries Expense 9,500 Dividends. 7,650 Insurance Expense 500 Totals 74,708 74,708
