Accounting

GENERAL JOURNAL date ACCOUNT TITLES SEPT#1 CASH Owners capita Cash deposited into busninees SETP#1 Prepaid rent Cash Paid rent for three montshs advance SEPT#1 Rental equipment Cash notes payable purchased asset for cash and issued SEPT# 4Office supplies assets accounts payable purchased supplies on accounts SEPT# 8cash unearned rental fee received advacne for services SEPT# 12 salaries expense cash paid salaries SEPT# 15 accounts recievable cash rental fee earned SEPT# 17 maintainence expense accounts payable purchases on accounts SEPT#23cash accounts recievable received cash on 15th sep SEPT# 25 NO ENTRY SEPT # 26 salaries expense cash paid salaries SEPT #27 accounts payable cash paid accounts payable of earth movers SEPT # 28 Owners Dwaings cash owners withdrwa cash SEPT# 29 unexpired Insurance cash

L.p

Debit

Credit 100,000 100,000 9,000 9,000 180,000 70,000 110,000 1630 1630 10,000 10,000 3600 3600 800 5300 6100 390 390 210 210

3600 3600 340 340 2000 2000 2700 2700

purchased insurance policy SEPT #30 utility Expense accounts payable SEPT# 30 Cash retal fee earned

270 270 8450 8450

LEDGER ACCOUNTS CASH date Details debit credit balance 1 owners capital 100,000 ### 1 prepaid rent 9000 9000 1 rental expense 70000 21000 8 unearned rentel fee 10000 31000 12 salaires expense 3600 27400 15 rent fees earned 5300 32700 27 accounts recivable 210 32910 25 salaries expense 3600 29310 27 accounts payable 340 20650 28 owners drawing 2000 27650 29 unexpired insurance 2700 30350 30 rental fee 8450 32720

OWNERS CAPITAL date Details 1 cash

debit

credit balance 100,000 ###

ACCOUNTS RECEIVABLE date Details debit credit balance 15 rental fee earned 830 800 23 cash 210 590

PREPAID RENT date Details 1 cash

debit 9000

credit

balance 9000

MAINTENECE EXPENSE date Details 17 accounts payable

debit 340

credit

balance 340

RENTAL FEE EARNED date Details 15 cash 30 cash

debit

credit balance 6100 6100 8450 14550

ACCOUNTS PAYABLE date Details

debit

credit

balance

4 17 27 30

office supplies maintenance expense cash 340 utility expense

1630 340 270

1630 1970 1630 1900

OWNERS DRAWINGS date Details 29 cash

debit 2000

credit

balance 2000

UNEXPIERD INSURENCE date Details 29 cash

debit 2700

credit

balance 2700

SALARAIES EXPENCE date Details 12 cash 26 cash

debit 3600 3600

credit

balance 3600 7200

UNEARNED RENTAL FEE date Details 8 cash

debit

credit balance 10000 10000

OFFICE SUPPLIES ASSESTs date Details 4 accounts payable

debit 1630

credit

balance 1630

NOTES PAYABLE date Details 1 rental equipment

debit

credit balance 110,000 ###

RENTAL EQIPMENT date Details 1 cash

debit credit 180000

balance 180000

UTILITY EXPESE date Details 30 accounts payable

debit 270

credit

balance 270

HAMEED'S RENTED TRIAL BALANCE AS ON 30th SEPtEMBER,2008 cash accounts receivable prepaid rent office supplies asset renteal equipment unexpired insurance owners capital unearned rental fees notes payable rental fee earned accounts payable owners drawings salaries expense maintenance expense utility expense

### 590 9000 1630 ### 2700

TOTAL

###

### ### ### 14,550 19,00 2000 7200 340 170 ###

ADJUSTED ENTRIES date a

accounts titles

l.p

rent expense prepaid rent

b

c

d

e

f

g

rent expired of september intrest expense intrest payable accrued intrest depritiation expense-rental equipment accumulated depretiation depritiation 180,000/12/12 office supplies expense office supplies office supplies consumed unearned rental fees rental fee eaerned servies renderd of advance taken accounts recievable renteal fes earned 5 days consuption received amount salaries expense salaries payable salaries are payable

debit credit $3,000 $3,000 825 825 1500 1500 530 530 4840 4840 500 500 900 900

HAMEED'S RENTAL ADJUSTED TRIAL BALANCE AS ON 30 Th SEPTEMBER,2008 cash ### accounts receivable 1090 prepaid rent 6000 office supplies asset 1100 rental equipment 18000 unexpired insurance 2700 owners capital 100000 uneraned rental fees 5160 notes payable 110000 rental fee earned 20430 acounts payable 1900 intrest payable 825 accumulated depritiation 1500 salaires payable 900 owners drawings 2000 salaries expense 8100 maintenense expense 340 utility expense 270 rent expense 3000 intrest expense 825 depritiation expense :rental equipment 1500 office supplies expense 530 TOTAL ### ###

HAMEED'S RENTAL BALANCE SHEET AS ON 30 th SEPTEMBER,2008 ASSETS cash accounts receviable prepaid rent office supplies unexpired insurance rental equipment 180000 less depritiation 1500

AMOUNT LIABILITIES $32,720 accounts payable 1090 notes payable 6000 intrest payable 1100 salaries payable 2700 unearned rental fees 178,500 OWNERS EQUITY owners capital 100,000 less drawings 2000 98000 add net income 5865 222,110

R,2008 AMOUNT $1,900 110000 825 900 5160

103865 222,110