Ba 221 Financial Accounting
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1 Sept: Mr. Smith invested 20.000 TL in the company A.5 Sept: Co.A purchased the washing equipment for 15.000 TL from company Z, and agreed to pay it within 10 days.7 Sept: Co.A purchased car detergents for 1.000 TL10 Sept: Co.A paid the washing equipment to company Z.12 Sept: Co.A recruited two employees.15 Sept: Co.A rented a place for its activity and paid 4.500 TL for three-months rent.17 Sept: Co.A opened its activity and washed a car for 20 TL.JournalDate Accounts Debit Credit01.09 Cash 20.000 Capital 20.00005.09 Equipment 15.000 Acc.Pay. 15.00007.09 Supplies 1000 Cash 100010.09 Acc.Pay. 15.000 Cash 15.00012.09 nothing_______________15.09 Prepaid Rent 4.500 Cash 4.50017.09 Cash 20 Service R. 20__
January 2, 2019 Mr. Smith invested $250,000 cash, $ 500,000 worth of building and $100.000 worth of furniture for the establishment of the business.January 5, 2019 Purchased Office equipment for $ 100,000 paying $ 80,000 in cash and signing a 3-month note for the balance.January 19, 2019 Purchased supplies $ 5,000 on account.January 20, 2019 Provided service to Company B for $ 60,000; collecting $ 30,000 in cash and remaining being received after 1 month.January 25, 2019 Paid in cash rent of $ 36,000 in advance, for the next 12 months.January 26, 2019 Received $24,000 for a service to be completed over next 6 month for Company D.January 27, 2019 Provided service to Company C for $ 30,000 on account.January 28, 2019 Collected $ 15,000 from Company B.January 28, 2019 Paid for the supplies purchased on January 19, 2019.JournalDate Accounts Debit Credit02 Jan Cash 250.000 Building 500.000 Furniture 100.000 Capital 850.00005 Jan Equipment 100.000 Cash 80.000 Note P. 20.00019 Jan Supplies 5000 Acc. P. 5000__20 Jan Cash 30.000 Acc. Rec. 30.000 Service R. 60.000_25 Jan Prepaid Rent 36.000 Cash 36.000_26 Jan Cash 24.000 Unearn. Ser.Rev. 24.000_27 Jan Acc.Rec 30.000 Service Rev. 30.000_TRIAL BALANCE – TARİHAccounts Debit CreditCash XBuilding XEquipment XSupplies XHER RECEIVABLE SOLA DEBİTEAcc.Rec. XHER PREPAİD SOLAPrepaid Rent X___________Her PAYABLE SAĞA CREDİTENote Payable ZBank Loan ZAcc. Payable ZUnearn.Ser.Rev. Z____Capital ZService Revenue ZHer EXPENSE SOLATOTAL X = = Z_____