ACCT1501 Perdisco Adjusting Entries

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  Aw

  Awarardededd TTototalal P

Pooiinntts s ((pprriioor r tto o tthhiis s ppaaggee)) 667733 888800 P

Pooiinntts s ((oon n tthhiis s ppaaggee)) 4400 4400 Points (

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Total

Total 771133 11,,005500 Manual Accounting Practice Set

Manual Accounting Practice Set Disc-O-Tech, Australasian Edition 3 Disc-O-Tech, Australasian Edition 3

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 Adjusting entries

 Adjusting entries

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 You are now asked to j

 You are now asked to j ournalise and post the adjusting entries after completinournalise and post the adjusting entries after completing the worksheet. Thg the worksheet. Th is is because, in theis is because, in the manual acc

manual accounting system, the ounting system, the worksheet isworksheet is notnot part of the journals and ledgers. Therefore completing the Adjustments part of the journals and ledgers. Therefore completing the Adjustments column in the worksheet does

column in the worksheet does not automatically updatenot automatically update the appropriate ledger accounts. Since this practice set is a the appropriate ledger accounts. Since this practice set is a manual accounting practice set, you are still required to manually journalise the adjusting entries and post them to the manual accounting practice set, you are still required to manually journalise the adjusting entries and post them to the general ledger as a separate step.

general ledger as a separate step.

 The purpose of adjusting entries is to ensure that the general ledger acco

 The purpose of adjusting entries is to ensure that the general ledger account balanceunt balances reflect the income earnes reflect the income earned andd and expenses incurred during the accounting period.

expenses incurred during the accounting period. Remembe

Remember that the details of the end of month adjr that the details of the end of month adj ustments for Justments for J une are as follows:une are as follows: Cash Registers owned by the business:

Cash Registers owned by the business: original purchase price waoriginal purchase price was $7,000, s $7,000, estimated useful life was 4 years, andestimated useful life was 4 years, and estimated residual value was $1,500

estimated residual value was $1,500 at the end of at the end of the useful life. the useful life. DeprecDepreciation is calculated on a monthly basisiation is calculated on a monthly basis using the s

using the s traight line method. traight line method. The monthly The monthly deprecdepreciation charge is calculated as the iation charge is calculated as the yearly depreciatyearly depreciation expenseion expense divided by the number of months in a year.

divided by the number of months in a year.

Store Fixtures owned by the business: original purchase price was $38,000, estimated useful life was 10 years, Store Fixtures owned by the business: original purchase price was $38,000, estimated useful life was 10 years, and estimated residual value was $6,000

and estimated residual value was $6,000 at the end of the useful at the end of the useful life. Depreciation is calculated on a monthly basislife. Depreciation is calculated on a monthly basis using the s

using the s traight line method. traight line method. The monthly The monthly deprecdepreciation charge is calculated as the iation charge is calculated as the yearly depreciatyearly depreciation expenseion expense divided by the number of months in a year.

divided by the number of months in a year.  The water usage for the month of J

 The water usage for the month of J une is estimated to be $107.une is estimated to be $107.  The estimated elec

 The estimated electricity payable as at the end of Jtricity payable as at the end of J une is $325.une is $325.

Sales staff work every single day during the week including weekends and are paid on a weekly basis. Wages were Sales staff work every single day during the week including weekends and are paid on a weekly basis. Wages were last paid up to a

last paid up to and including 24 nd including 24 JJ une. Wages incurred une. Wages incurred after that daafter that day (from 25 Jy (from 25 J une to 30 June to 30 J une inclusive) areune inclusive) are estimated to have been $390 per day.

estimated to have been $390 per day.

II nterest expenterest expense incurred during the montnse incurred during the month of Jh of J une but not yet paid to Earth Baune but not yet paid to Earth Bank for the bank loan is $205.nk for the bank loan is $205. Office supplie

Office supplies totalling $439 are still on hand at 30 Js totalling $439 are still on hand at 30 J une.une. One month of prepaid rent exp

One month of prepaid rent expired during Jired during J une. Remember that at the beune. Remember that at the beginning of Jginning of J une, the business paid twoune, the business paid two month's worth of rent in advance.

month's worth of rent in advance. 3 months of advertising remained pre

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Depn Expense: Cash Registers Depn Expense: Cash Registers

 Accum Depn: Cas

 Accum Depn: Cash Registersh Registers

Depn Expense: Store Fixtures Depn Expense: Store Fixtures

 Accum Depn: Store F

 Accum Depn: Store Fixturesixtures

Water Expense Water Expense Water Payable Water Payable Electricity Expense Electricity Expense Electricity Payable Electricity Payable Wages Expense Wages Expense

5 months of insurance remaine

5 months of insurance remained pre-d pre-paid at the start of Jpaid at the start of J une.une. When calc

When calculating the portion of prepayments that expire during the month of Julating the portion of prepayments that expire during the month of J une, you are asked to assume that anune, you are asked to assume that an equal amount of expense is incurred per month.

equal amount of expense is incurred per month. Additionally, a stocktake revealed that the ba

Additionally, a stocktake revealed that the balance of inventory on hand as at 30 Jlance of inventory on hand as at 30 J une is equal to the closing balance of une is equal to the closing balance of  the Inventory account. This means there is no adjusting entry required for inventory shrinkage.

the Inventory account. This means there is no adjusting entry required for inventory shrinkage. Instructions for adjusting entries

Instructions for adjusting entries Use the

Use the worksheetworksheet to assist you in recording the adjusting entries in the general journal. to assist you in recording the adjusting entries in the general journal. Post the adjusting

Post the adjusting entries from the general jentries from the general j ournal to the general ledger accountournal to the general ledger accounts.s.

Record the final adjusted balance of each ledger account in the Adjusted Balance row of each ledger, even for Record the final adjusted balance of each ledger account in the Adjusted Balance row of each ledger, even for ledgers with a balance of zero.

ledgers with a balance of zero. Although each ledgeAlthough each ledger already has r already has a running balance, the Adja running balance, the Adj usted Balance row mustusted Balance row must still be filled out in order to receive full points.

still be filled out in order to receive full points. Back-On-Track functionality

Back-On-Track functionality

Please note that any answers from previous pages carried through onto this page (either on the page or in a Please note that any answers from previous pages carried through onto this page (either on the page or in a popup information page

popup information page) ) have been reset, if have been reset, if necenecessary, to ssary, to the correct answers. Your particular answers fthe correct answers. Your particular answers f romrom previous pages are no longer shown.

previous pages are no longer shown. Remember:

Remember:

Enter all answers to the

Enter all answers to the nearest whole dollarnearest whole dollar..  You are also required to apply the

 You are also required to apply the  journals and ledgers instructions journals and ledgers instructions provided in previous weeks. provided in previous weeks. Before pressing the Submit

Before pressing the Submit answers button, we recommend that you click tanswers button, we recommend that you click t hehe Show AllShow All tab and check that all relevant tab and check that all relevant accounting records have been completed.

accounting records have been completed.

Spe

Specicial al JJ ouournrnalalss GeGeneneraral l JJ ouournrnalal SubsiSubsididiary ary LeLedgdgeersrs GeGeneneraral l LeLeddgegerr

(Q=861.generalJ

(Q=861.generalJ ournalAdjEntries)ournalAdjEntries)

GENERAL JOURNAL

GENERAL JOURNAL

D

Daate te AcAcc o uc oun t n t aan d n d EEx px pl al an an atitio no n PostPost Ref. Ref. DDeebbiit t CCr er eddi ti t J Juunn 3300 55660 0 11115 5 00 1 1551 1 0 0 111155 J Juunn 3300 55661 1 22667 7 00 1 1661 1 0 0 226677 J Juunn 3300 55442 2 11007 7 00 2 2222 2 0 0 110077 J Juunn 3300 55441 1 22663 3 00 2 2221 1 0 0 226633 J Juunn 3300 55116 6 2233440 0 00 1) 1) 2) 2) 3) 3) Show All Show All

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Wages Payable Wages Payable Interest Expense Interest Expense Interest Payable Interest Payable

Office Supplies Expense Office Supplies Expense

Office Supplies Office Supplies Rent Expense Rent Expense Prepaid Rent Prepaid Rent  Advertising Expense  Advertising Expense Prepaid Advertising Prepaid Advertising Insurance Expense Insurance Expense Prepaid Insurance Prepaid Insurance 2 2220 0 0 0 22334400 J Juunn 3300 55771 1 22005 5 00 2 2225 5 0 0 220055 J Juunn 3300 55444 4 11446 6 00 1 1330 0 0 0 114466 J Juunn 3300 55440 0 4477550 0 00 1 1440 0 0 0 44775500 J Juunn 3300 55111 1 4400000 0 00 1 1441 1 0 0 44000000 J Juunn 3300 55443 3 88660 0 00 1 1442 2 0 0 886600   Feedback   Feedback

GENERAL JOURNAL

GENERAL JOURNAL

D

Daatte e EExxppllaannaattiioonn PostPost Ref.

Ref. DDeebbiit t CCrreeddiitt J

Juunn 1199 SSaallees s RReettuurrnns s aannd d AAlllloowwaanncceess 440011 11,,889900 J

Juunn 119 9 AARRC C - - TThhe e WWiikkiie e WWaah h HHuutt 111100//111100--3 3 11,,889900 (sales return)

(sales return)

J

Juunn 1199 IInnvveennttoorryy 112200 11,,007711 J

Juunn 119 9 CCoosst t oof f SSaalleess 55000 0 11,,007711 (sales return)

(sales return)

J

Juunn 2288 AAPPC C - - PPhhiin n rreeccoorrddss 221100//221100--55 225522 J

Juunn 2288 IInnvveennttoorryy 112200 225522 (purchase return)

(purchase return)

J

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J

Juunn 330 0 AcAcccuum m DDeeppnn: : CCaassh h RReeggiisstteerrss 11551 1 111155 (adjusting entry)

(adjusting entry)

J

Juunn 3300 DDeeppn n EExxppeennssee: : SSttoorre e FFiixxttuurreess 556611 226677 J

Juunn 330 0 AcAcccuum m DDeeppnn: : SSttoorre e FFiixxttuurreess 11661 1 226677 (adjusting entry) (adjusting entry) J Juunn 3300 WWaatteerr EExxppeennssee 554422 110077 J Juunn 330 0 WWaatteer r PPaayyaabbllee 22222 2 110077 (adjusting entry) (adjusting entry) J

Juunn 330 E0 Elleeccttrriicciitty y EExxppeennssee 554411 226633 J

Juunn 330 0 ElleEeccttrriicciitty y PaPayyaabbllee 22221 1 226633 (adjusting entry) (adjusting entry) J Juunn 3300 WWaaggees s EExxppeennssee 551166 22,,334400 J Juunn 330 0 WWaaggees s PPaayyaabbllee 22220 0 22,,334400 (adjusting entry) (adjusting entry) J

Juunn 3300 IInntteerreesst t EExxppeennssee 557711 220055 J

Juunn 330 0 IInntteerreesst t PPaayyaabbllee 22225 5 220055 (adjusting entry) (adjusting entry) J Juunn 3300 OOffffiicce e SSuupppplliiees s EExxppeennssee 554444 114466 J Juunn 330 0 OOffffiicce e SSuupppplliieess 11330 0 114466 (adjusting entry) (adjusting entry) J Juunn 3300 RReenntt EExxppeennssee 554400 44,,775500 J Juunn 330 0 PPrreeppaaiid d ReRenntt 11440 0 44,,775500 (adjusting entry) (adjusting entry) J Juunn 3300 AAddvveerrttiissiinng g EExxppeennssee 551111 44,,000000 J

Juunn 330 0 PrreP eppaaiid d AAddvveerrttiissiinngg 11441 1 44,,000000 (adjusting entry)

(adjusting entry)

J

Juunn 330 I0 Innssuurraanncce e ExExppeennssee 554433 886600 J

Juunn 330 0 PPrreeppaaiid d IInnssuurraannccee 11442 2 886600 (adjusting entry)

(adjusting entry)

(Q=870-130.StoreSupplies_adjEntry) (Q=870-130.StoreSupplies_adjEntry)

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Account:

Account: Office SuppliesOffice Supplies Account No. 130

Account No. 130

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M Maayy 3300 BBaallaannccee 224433DDRR J Juunn 6 C6 Caassh h ppuurrcchhaassee CCPPJJ 33442 2 55885 5 DDRR J Juunn 3300 OOffffiiccee SSuupppplliieess EExxppe e GGJ J 0 0 14146 6 44339 9 DDRR J Juunn 3300 J Juunn 3300 J

Juunn 3300 AAddjjuusstteed d BBaallaannccee 44339 9 DDRR

  Feedback   Feedback

Acc

Account:ount: Office SuppliesOffice Supplies Account No. 130

Account No. 130

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M Maayy 3300 BBaallaannccee 224433DDRR J Juunn 6 C6 Caassh h ppuurrcchhaassee CCPPJJ 33442 2 55885 5 DDRR J Juunn 3300 SSuupppplliieess uusseedd GGJJ 114466 443399DDRR J

Juunn 3300 AAddjjuusstteedd BaBallaannccee 443399DDRR

(Q=870-140.PrepaidRent_adjEntry) (Q=870-140.PrepaidRent_adjEntry)

Account:

Account: Prepaid Rent Prepaid Rent  Account No. 140

Account No. 140

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaannccee 00

J

Juunn 1 P1 Prreeppaaiid d rreenntt CCPPJJ 99,,55000 0 99,,55000 0 DDRR

J Juunn 3300 RReenntt EExxppeennsse e GGJ J 0 0 4477550 0 4747550 0 DDRR J Juunn 3300 J Juunn 3300 J

Juunn 3300 AAddjjuusstteed d BBaallaannccee 4475750 0 DRDR

  Feedback   Feedback

Acc

Account:ount: Prepaid Rent Prepaid Rent  Account No. 140

Account No. 140

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

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J

Juunn 11 PPrreeppaaiid d rreenntt CCPPJJ 99,,55000 0 99,,55000 0 DDRR J

Juunn 330 R0 Reennt t eexxppiirreedd GGJ J 44,,775500 44,,77550 0 DDRR J

Juunn 3300 AAddjjuusstteedd BaBallaannccee 44,,775500DDRR

(Q=870-(Q=870- 141.PrepaidAdverti141.PrepaidAdvertising_sing_ adjEntry)adjEntry)

Account:

Account: Prepaid AdvertisingPrepaid Advertising Account No. 141

Account No. 141

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M Maayy 330 B0 Baallaanncce e 1122,,00000 0 DRDR J Juunn 3300 AAddvveerrttiissiinngg EExxppeennsse e GGJ J 0 0 4400000 0 8800000 0 DDRR J Juunn 3300 J Juunn 3300 J

Juunn 3300 AAddjjuusstteed d BBaallaannccee 8800000 0 DRDR

  Feedback   Feedback

Acc

Account:ount: Prepaid AdvertisingPrepaid Advertising Account No. 141

Account No. 141

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 330 B0 Baallaanncce e 1122,,00000 0 DDRR

J

Juunn 3300 BBeenneeffiitts s ccoonnssuummeedd GGJ J 44,,000000 88,,00000 0 DDRR J

Juunn 3300 AAddjjuusstteedd BaBallaannccee 88,,000000DDRR

(Q=870

(Q=870-142.Prepa-142.PrepaidInsuranceidInsurance__ adjEntry)adjEntry)

Account:

Account: Prepaid InsurancePrepaid Insurance Account No. 142

Account No. 142

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M Maayy 330 B0 Baallaanncce e 44,,33000 0 DDRR J Juunn 3300 IInnssuurraannccee EExxppeennsse e GGJ J 0 0 88660 0 3344440 0 DDRR J Juunn 3300 J Juunn 3300 J

Juunn 3300 AAddjjuusstteed d BBaallaannccee 3344440 0 DRDR

  Feedback   Feedback

Acc

Account:ount: Prepaid InsurancePrepaid Insurance Account No. 142

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D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaanncce e 44,,33000 0 DDRR

J

Juunn 3300 IInnssuurraanncce e eexxppiirreedd GGJ J 886600 33,,44440 0 DDRR J

Juunn 3300 AAddjjuusstteedd BaBallaannccee 33,,444400DDRR

(Q=870-151.AccDepnCapitalAsset2_adjEntry) (Q=870-151.AccDepnCapitalAsset2_adjEntry)

Account:

Account: Accum Dep Accum Depn: Cash n: Cash RegistersRegisters Account No. 151

Account No. 151

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 330 B0 Baallaanncce e 11,,33775 5 CCRR

J

Juunn 3300 AAccccuummuullaatteedd DDeepprre e GGJ J 0 0 11115 5 1144990 0 CCRR

J

Juunn 3300

J

Juunn 3300

J

Juunn 3300 AAddjjuusstteed d BBaallaannccee 1149490 0 CRCR

  Feedback   Feedback

Acc

Account:ount: Accum Depn:  Accum Depn: Cash RegisCash Registersters Account No. 151

Account No. 151

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaanncce e 11,,33775 5 CCRR

J

Juunn 3300 DDeepprreecciiaattiioon n - - oonne e mmoonntthh GGJ J 111155 11,,44990 0 CCRR J

Juunn 3300 AAddjjuusstteedd BaBallaannccee 11,,449900CCRR

(Q=870-161.AccDepnCapitalAsset1_adjEntry) (Q=870-161.AccDepnCapitalAsset1_adjEntry)

Account:

Account: Accum Dep Accum Depn: Store Fn: Store Fixturesixtures Account No. 161

Account No. 161

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 330 B0 Baallaanncce e 1166,,88000 0 CRCR

J

Juunn 3300 AAccccuummuullaatteedd DDeepprre e GGJ J 0 0 22667 7 117700667 7 CCRR

J

Juunn 3300

J

Juunn 3300

J

Juunn 3300 AAddjjuusstteed d BBaallaannccee 171706067 7 CRCR

  Feedback   Feedback

Acc

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Account No. 161 Account No. 161

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 330 B0 Baallaanncce e 1166,,88000 0 CCRR

J

Juunn 3300 DDeepprreecciiaattiioon n - - oonne e momonntthh GGJ J 226677 1177,,00667 7 CCRR J

Juunn 3300 AAddjjuusstteedd BBaallaannccee 1177,,006677CCRR

(Q=870-220.WagesPayable_adjEntry) (Q=870-220.WagesPayable_adjEntry)

Account:

Account: Wages PayableWages Payable Account No. 220

Account No. 220

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 330 B0 Baallaanncce e 11,,44229 9 CCRR

J

Juunn 4 P4 Paaiid d ssttaafff f wwaaggeess CCPPJJ 11,,44229 9 00

J Juunn 3300 SSttaaffff WWaaggeess eexxppeenns s GGJ J 0 0 2233440 0 2233440 0 CCRR J Juunn 3300 J Juunn 3300 J

Juunn 3300 AAddjjuusstteed d BBaallaannccee 2234340 0 CRCR

  Feedback   Feedback

Acc

Account:ount: Wages PayableWages Payable Account No. 220

Account No. 220

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaanncce e 11,,44229 9 CCRR

J

Juunn 4 P4 Paaiid d ssttaafff f wwaaggeess CCPPJJ 11,,44229 9 00 J

Juunn 3300 AAccccrruueed d wwaaggees s eexxppeennssee GGJ J 22,,334400 22,,33440 0 CCRR J

Juunn 3300 AAddjjuusstteedd BaBallaannccee 22,,334400CCRR

(Q=870-221.ElectricityPayable_adjEntry) (Q=870-221.ElectricityPayable_adjEntry)

Account:

Account: Electricity PayableElectricity Payable Account No. 221

Account No. 221

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaannccee 998855CCRR

J

Juunn 44 PPaaiid d eelleeccttrriicciitty y biillllb CCPPJJ 99223 3 662 2 CCRR

J

Juunn 3300 EElleeccttrriicciittyy EExxppeennsse e GGJ J 0 0 22663 3 33225 5 CCRR

J

Juunn 3300

J

Juunn 3300

J

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  Feedback   Feedback

Acc

Account:ount: Electricity PayableElectricity Payable Account No. 221

Account No. 221

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaannccee 998855CCRR

J

Juunn 44 PPaaiid d eelleeccttrriicciitty y biillllb CPCPJJ 99223 3 662 2 CCRR J

Juunn 3300 AAccccrruueed d eelleeccttrriicciitty y eexxppeennssee GGJ J 226633 33225 5 CCRR J

Juunn 3300 AAddjjuusstteedd BaBallaannccee 332255CCRR

(Q=870-222.WaterPayable_adjEntry) (Q=870-222.WaterPayable_adjEntry)

Account:

Account: Water PayableWater Payable Account No. 222

Account No. 222

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M Maayy 3300 BBaallaannccee 110022CCRR J Juunn 3300 WWaatteerr EExxppeennsse e GGJ J 0 0 11007 7 22009 9 CCRR J Juunn 3300 J Juunn 3300 J

Juunn 3300 AAddjjuusstteed d BBaallaannccee 22009 9 CCRR

  Feedback   Feedback

Acc

Account:ount: Water PayableWater Payable Account No. 222

Account No. 222

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaannccee 110022CCRR

J

Juunn 3300 AAccccrruueed d wwaatteer r eexxppeennssee GGJ J 101077 22009 9 CCRR J

Juunn 3300 AAddjjuusstteedd BaBallaannccee 220099CCRR

(Q=87

(Q=870-225.I0-225.I nterenterestPaystPayableable__ adjEntry)adjEntry)

Account:

Account: Interest PayableInterest Payable Account No. 225

Account No. 225

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaannccee 220055CCRR

J

Juunn 3300 IInntteerreesstt EExxppeennsse e GGJ J 0 0 22005 5 44110 0 CCRR

J

Juunn 3300

J

Juunn 3300

J

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  Feedback   Feedback

Acc

Account:ount: Interest PayableInterest Payable Account No. 225

Account No. 225

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaannccee 220055CCRR

J

Juunn 3300 AAccccrruueed d iinntteerreesst t eexxppeennssee GGJ J 202055 44110 0 CCRR J

Juunn 3300 AAddjjuusstteedd BaBallaannccee 441100CCRR

(Q=870

(Q=870-403.I-403.I nteresnterestRevetRevenue_adjEntry)nue_adjEntry)

Account:

Account: Interest RevenueInterest Revenue Account No. 403

Account No. 403

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaannccee 00

J

Juunn 3300 IInntteerreesst t rreecceeiivveed d ffrroom m tthhe e bbaannkk CCRRJ J 442200 44220 0 CCRR

J Juunn 3300 J Juunn 3300 J Juunn 3300 J

Juunn 3300 AAddjjuusstteed d BBaallaannccee 44220 0 CCRR

  Feedback   Feedback

Acc

Account:ount: Interest RevenueInterest Revenue Account No. 403

Account No. 403

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaannccee 00

J

Juunn 3300 IInntteerreesst t rreecceeiivveed d ffrroom m tthhe e bbaannkk CCRRJ J 442200 44220 0 CCRR J

Juunn 3300 AAddjjuusstteedd BaBallaannccee 442200CCRR

(Q=870-511.AdvertisingExpense_adjEntry) (Q=870-511.AdvertisingExpense_adjEntry)

Account:

Account: Advertising  Advertising ExpenseExpense Account No. 511

Account No. 511

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaannccee 00

J

Juunn 3300 PPrreeppaaiidd AAddvveerrttiissiinng g GGJ J 4400000 0 0 0 4400000 0 DDRR

J

Juunn 3300

J

Juunn 3300

J

(11)

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Acc

Account:ount: Advertising Ex Advertising Expensepense Account No. 511

Account No. 511

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaannccee 00

J

Juunn 3300 BBeenneeffiitts s ccoonnssuummeedd GGJJ 44,,00000 0 44,,00000 0 DDRR J

Juunn 3300 AAddjjuusstteedd BaBallaannccee 44,,000000DDRR

(Q=870-516.WagesExpense_adjEntry) (Q=870-516.WagesExpense_adjEntry)

Account:

Account: Wages ExpenseWages Expense Account No. 516

Account No. 516

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaannccee 00

J

Juunn 3300 TToottaal l ffrroom m ccaassh h ppaayymmeenntts s jjoouurrnnaall CCPPJJ 8,,989117 7 88,,99117 7 DDRR

J Juunn 3300 SSttaaffff WWaaggeess GGJJ 22334400 00 1111225577 DDRR J Juunn 3300 J Juunn 3300 J

Juunn 3300 AAddjjuusstteed d BBaallaannccee 1111225577 DDRR

  Feedback   Feedback

Acc

Account:ount: Wages ExpenseWages Expense Account No. 516

Account No. 516

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaannccee 00

J

Juunn 3300 TToottaal l ffrroom m ccaassh h ppaayymmeenntts s jjoouurrnnaall CCPPJJ 8,,989117 7 88,,99117 7 DDRR J

Juunn 3300 AAccccrruueed d wwaaggees s eexxppeennssee GGJJ 22,,33440 0 1111,,22557 7 DDRR J

Juunn 3300 AAddjjuusstteedd BBaallaannccee 1111,,225577DDRR

(Q=870-540.RentExpense_adjEntry) (Q=870-540.RentExpense_adjEntry)

Account:

Account: Rent ExpenseRent Expense Account No. 540

Account No. 540

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M Maayy 3300 BBaallaannccee 00 J Juunn 3300 OOnnee mmoonntthh ooff RReenntt GGJJ 44775500 00 44775500 DDRR J Juunn 3300 J Juunn 3300

(12)

J

Juunn 3300 AAddjjuusstteed d BBaallaannccee 44775500 DDRR

  Feedback   Feedback

Acc

Account:ount: Rent ExpenseRent Expense Account No. 540

Account No. 540

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaannccee 00

J

Juunn 330 R0 Reennt t EExxppiirreedd GGJJ 44,,77550 0 44,,77550 0 DDRR J

Juunn 3300 AAddjjuusstteedd BaBallaannccee 44,,775500DDRR

(Q=870-541.ElectricityExpense_adjEntry) (Q=870-541.ElectricityExpense_adjEntry)

Account:

Account: Electricity ExpenseElectricity Expense Account No. 541

Account No. 541

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaannccee 00

J

Juunn 3300 EElleeccttrriicciittyy uusseedd GGJJ 226633 00 226633 DDRR

J

Juunn 3300

J

Juunn 3300

J

Juunn 3300 AAddjjuusstteed d BBaallaannccee 226633 DDRR

  Feedback   Feedback

Acc

Account:ount: Electricity ExpenseElectricity Expense Account No. 541

Account No. 541

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaannccee 00

J

Juunn 3300 AAccccrruueed d eelleeccttrriicciitty y eexxppeennssee GGJJ 26263 3 22663 3 DDRR J

Juunn 3300 AAddjjuusstteedd BaBallaannccee 226633DDRR

(Q=870

(Q=870-542.WaterEx-542.WaterExpensepense__ adjEntry)adjEntry)

Account:

Account: Water ExpenseWater Expense Account No. 542

Account No. 542

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaannccee 00

J

(13)

J

Juunn 3300

J

Juunn 3300

J

Juunn 3300 AAddjjuusstteed d BBaallaannccee 110077 DDRR

  Feedback   Feedback

Acc

Account:ount: Water ExpenseWater Expense Account No. 542

Account No. 542

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaannccee 00

J

Juunn 3300 AAccccrruueed d wwaatteer r eexxppeennssee GGJJ 10107 7 11007 7 DDRR J

Juunn 3300 AAddjjuusstteedd BaBallaannccee 110077DDRR

(Q=870-543.Insuranc

(Q=870-543.InsuranceExpeeExpense_adjEntry)nse_adjEntry)

Account:

Account: Insurance ExpenseInsurance Expense Account No. 543

Account No. 543

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaannccee 00

J

Juunn 3300 OOnnee mmoonntthh ooff IInnssuurraa GGJJ 886600 00 886600 DDRR

J

Juunn 3300

J

Juunn 3300

J

Juunn 3300 AAddjjuusstteed d BBaallaannccee 886600 DDRR

  Feedback   Feedback

Acc

Account:ount: Insurance ExpenseInsurance Expense Account No. 543

Account No. 543

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaannccee 00

J

Juunn 3300 IInnssuurraanncce e eexxppiirreedd GGJJ 88660 0 88660 0 DDRR J

Juunn 3300 AAddjjuusstteedd BaBallaannccee 886600DDRR

(Q=870-544.SuppliesExpense_adjEntry) (Q=870-544.SuppliesExpense_adjEntry)

Account:

Account: Office Supplies ExpenseOffice Supplies Expense Account No. 544

Account No. 544

D

(14)

M Maayy 3300 BBaallaannccee 00 J Juunn 3300 OOffffiiccee ssuupppplliieess uusseedd GGJJ 114466 00 114466 DDRR J Juunn 3300 J Juunn 3300 J

Juunn 3300 AAddjjuusstteed d BBaallaannccee 114466 DDRR

  Feedback   Feedback

Acc

Account:ount: Office Supplies ExpenseOffice Supplies Expense Account No. 544

Account No. 544

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaannccee 00

J

Juunn 330 S0 Suupppplliiees s uusseedd GGJJ 11446 6 11446 6 DDRR J

Juunn 3300 AAddjjuusstteedd BaBallaannccee 114466DDRR

(Q=870-560.DepnExpenseCapitalAsset2_adjEntry) (Q=870-560.DepnExpenseCapitalAsset2_adjEntry)

Account:

Account: Depn Expense: Cash RegistersDepn Expense: Cash Registers Account No. 560

Account No. 560

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaannccee 00

J

Juunn 3300 DDeepprreecciiaattiioonn ooff CCaasshh GGJJ 111155 00 111155 DDRR

J

Juunn 3300

J

Juunn 3300

J

Juunn 3300 AAddjjuusstteed d BBaallaannccee 111155 DDRR

  Feedback   Feedback

Acc

Account:ount: Depn Expense: Cash RegistersDepn Expense: Cash Registers Account No. 560

Account No. 560

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaannccee 00

J

Juunn 3300 DDeepprreecciiaattiioon n - - oonne e mmoonntthh GGJJ 11115 5 11115 5 DDRR J

Juunn 3300 AAddjjuusstteedd BaBallaannccee 111155DDRR

(Q=870-561.DepnExpenseCapitalAsset1_adjEntry) (Q=870-561.DepnExpenseCapitalAsset1_adjEntry)

Account:

Account: Depn Expense: Store FixturesDepn Expense: Store Fixtures Account No. 561

(15)

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaannccee 00

J

Juunn 3300 DDeepprreecciiaattiioonn ooff SSttoorr GGJJ 226677 00 226677 DDRR

J

Juunn 3300

J

Juunn 3300

J

Juunn 3300 AAddjjuusstteed d BBaallaannccee 226677 DDRR

  Feedback   Feedback

Acc

Account:ount: Depn Expense: Store FixturesDepn Expense: Store Fixtures Account No. 561

Account No. 561

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaannccee 00

J

Juunn 3300 DDeepprreecciiaattiioon n - - oonne e mmoonntthh GGJJ 22667 7 22667 7 DDRR J

Juunn 3300 AAddjjuusstteedd BaBallaannccee 226677DDRR

(Q=870

(Q=870-571.I-571.I nteresnterestExpetExpense_adjEntry)nse_adjEntry)

Account:

Account: Interest ExpenseInterest Expense Account No. 571

Account No. 571

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaannccee 00

J

Juunn 3300 IInntteerreesstt ppaaiidd ttoo bbaannkk GGJJ 220055 00 220055 DDRR

J

Juunn 3300

J

Juunn 3300

J

Juunn 3300 AAddjjuusstteed d BBaallaannccee 220055 DDRR

  Feedback   Feedback

Acc

Account:ount: Interest ExpenseInterest Expense Account No. 571

Account No. 571

D

Daatte e DDeessccrriippttiioon n RReeff. . DeDebbiit t CCrreeddiit t BBaallaannccee M

Maayy 3300 BBaallaannccee 00

J

Juunn 3300 AAccccrruueed d iinntteerreesst t eexxppeennssee GGJJ 22005 5 22005 5 DDRR J

(16)

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