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1、General JournalGENERAL JOURNAL Page 1DATEDESCRIPTION OF ENTRYPOST REF.DEBITCREDIT20*7July1Cash27,000 Craig Miller, Capital27,000Owner invested in business1Prepaid Rent4,800 Cash4,800Paid 6-month rent in advance1Equipment3,500 Cash3,500Bought equipment1Prepaid Advertising1,920 Cash1,920Paid one year

2、advertising in advance4Supplies1,450 Cash1,450Purhased supplies6Equipment 4,100 Accounts Payable 4,100Purchased equipment on credit15Salaries Expense1,200 Cash1,200Paid semi-month salaries22Telephone Expense75 Cash75Paid telephone bill31Cash 2,400Accounts Receivable3,855 Fees6,255Performed services3

3、1Utilities Expense160 Cash160Paid utilities billGENERAL JOURNAL Page 2DATEDESCRIPTION OF ENTRYPOST REF.DEBITCREDIT20*7July31Salaries Expense1,200 Cash1,200Paid semi-month salariesADJUSTING ENTRIES31Supplies Expense750 Supplies750Record supplied consumed31Rent Expense800 Prepaid Rent800Adjust for exp

4、ired rent31Advertising Expense160 Prepaid Advertising160Adjust for expired advertisement31Depreciation Expense-Equipment110 Accum. Depr.-Equipment110Adjust for depreciationCLOSING ENTRIES31Fees6,255 Income Summary6,255To close revenue account31Income Summary4,455 Salaries Expense2,400 Telephone Expe

5、nse75 Utilities Expense160 Supplies Expense750 Rent Expense800 Advertising Expense160 Depr. Expense-Equipment110To close expenses accounts31Income Summary1,800 Craig Miller, Capital1,800To close Income Summary accountGeneral LedgerAccount Name: CASH No.101 Page: 1DATEEXPLANATIONPOST REF.DEBITCREDITB

6、ALANCE20*7July1Owner investmentJ127,00027,0001Paid rent in advanceJ14,80022,2001Bought equipmentJ13,50018,7001Paid ad. in advanceJ11,92016,7804Purshased suppliesJ11,45015,33015Paid semi-month salariesJ11,20014,33022Paid telephone billJ17514,05531Performed servicesJ12,40016,45531Paid utilities billJ1

7、16016,29515Paid semi-month salariesJ21,20015,095Account Name: ACCOUNTS RECEIVABLE No.111 Page: 2DATEEXPLANATIONPOST REF.DEBITCREDITBALANCE20*7July31Performed servicesJ13,8553,855Account Name: SUPPLIES No.121 Page: 3DATEEXPLANATIONPOST REF.DEBITCREDITBALANCE20*7July4Purshased suppliesJ11,4501,45031Re

8、cord supplied consumedJ2750700Account Name: PREPAID RENT No.131 Page: 4DATEEXPLANATIONPOST REF.DEBITCREDITBALANCE20*7July1Paid rent in advanceJ14,8004,80031Adjust for expired rentJ28004,000Account Name: PREPAID ADVERTISING No.134 Page: 5DATEEXPLANATIONPOST REF.DEBITCREDITBALANCE20*7July1Paid ad. in

9、advanceJ11,9201,92031Adjust for expired ad.J21601,760Account Name: EQUIPMENT No.141 Page: 6DATEEXPLANATIONPOST REF.DEBITCREDITBALANCE20*7July1Bought equipmentJ13,5003,5006Purchased equip. on credit4,1007,600Account Name: ACCUM. DEPRE.-EQUIPMENT No.142 Page: 7DATEEXPLANATIONPOST REF.DEBITCREDITBALANC

10、E20*7July 31Adjust for depreciationJ2110110Account Name: ACCOUNTS PAYABLE No.202 Page: 8DATEEXPLANATIONPOST REF.DEBITCREDITBALANCE20*7July6Purchased equip. on creditJ14,1004,100Account Name: CRAIG MILLER, CAPITAL No.301 Page: 9DATEEXPLANATIONPOST REF.DEBITCREDITBALANCE20*7July1Owner investmentJ127,0

11、0027,00031To close Income Summary J21,80028,800Account Name: INCOME SUMMARY No.399 Page: 10DATEEXPLANATIONPOST REF.DEBITCREDITBALANCE20*7July31To close revenue accountJ26,2556,25531To close expenses accountJ24,4551,80031To close Income Summary J21,8000Account Name: FEES No.401 Page: 11DATEEXPLANATIO

12、NPOST REF.DEBITCREDITBALANCE20*7July31Performed servicesJ16,2556,25531To close revenue accountJ26,2550Account Name: SALARIES EXPENSE No.511 Page: 12DATEEXPLANATIONPOST REF.DEBITCREDITBALANCE20*7July15Paid semi-month salariesJ11,2001,20031Paid semi-month salariesJ21,2002,40031To close expenses accoun

13、tJ22,4000Account Name: UTILITIES EXPENSE No.514 Page: 13DATEEXPLANATIONPOST REF.DEBITCREDITBALANCE20*7July31Paid utilities billJ116016031To close expenses accountJ21600Account Name: TELEPHONE EXPENSE No.517 Page: 14DATEEXPLANATIONPOST REF.DEBITCREDITBALANCE20*7July22Paid telephone billJ1757531To clo

14、se expenses accountJ2750Account Name: SUPPLIES EXPENSE No.520 Page: 15DATEEXPLANATIONPOST REF.DEBITCREDITBALANCE20*7July 31Record supplied consumedJ275075031To close expenses accountJ27500Account Name: RENT EXPENSE No.523 Page: 16DATEEXPLANATIONPOST REF.DEBITCREDITBALANCE20*7July 31Adjust for expire

15、d rentJ280080031To close expenses accountJ28000Account Name: ADVERTISING EXPENSE No.526 Page: 17DATEEXPLANATIONPOST REF.DEBITCREDITBALANCE20*7July 31Adjust for expired ad.J216016031To close expenses accountJ21600Account Name: DEPR. EXPENSE-EQUIPMENT No.529 Page: 18DATEEXPLANATIONPOST REF.DEBITCREDIT

16、BALANCE20*7July 31Adjust for depreciationJ211011031To close expenses accountJ21100Trial BalanceMILLER AUTO CUSTOMIZING SERVICETRIAL BALANCEAS AT JULY 31, 20*7PRELIMINARY TRIAL BAL. ADJUSTED TRIAL BAL.POST-CLOSING TRIAL BAL.ACCOUNTSDEBITCREDITDEBITCREDITDEBITCREDITCASH15,09515,09515,095ACCOUNTS RECEI

17、VABLE3,8553,8553,855SUPPLIES1,450700700PREPAID RENT4,8004,0004,000PREPAID ADVERTISING1,9201,7601,760EQUIPMENT7,6007,6007,600ACCUM. DEPR.-EQUIPMENT110110ACCOUNTS PAYABLE4,1004,1004,100CRAIG MILLER, CAPITAL27,00027,00028,800INCOME SUMMARYFEES6,2556,255SALARIES EXPENSE2,4002,400UTILITIES EXPENSE160160T

18、ELEPHONE EXPENSE7575SUPPLIES EXPENSE750RENT EXPENSE800ADVERTISING EXPENSE160DEPR. EXPENSE-EQUIPMENT110TOTALS37,35537,35537,46537,46533,01033,010Income StatementMILLER AUTO CUSTOMIZING SERVICEINCOME STATEMENTFOR THE MONTH ENDED JULY 31, 20*7REVENUE:$ FEES6,255EXPENSES: SALARIES EXPENSE2,400 UTILITIES EXPENSE160 TELEPHONE EXPENSE75 SUP