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CASH
ACCOUNT NO. 1000
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
8/31
balance forward
√
3
0
8
0
00
9/1
GJ1
1
5
0
0
00
1
5
8
0
00
2
GJ1
4
2
0
00
2
0
0
0
00
6
GJ1
1
5
0
00
2
1
5
0
00
8
GJ1
8
0
00
2
0
7
0
00
12
GJ1
1
7
0
0
00
3
7
7
0
00
15
GJ1
3
0
0
00
3
4
7
0
00
17
GJ1
2
1
0
0
00
1
3
7
0
00
26
GJ1
7
5
0
00
2
1
2
0
00
ACCOUNTS RECEIVABLE
ACCOUNT NO. 1020
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
8/31
balance forward
√
1
7
0
0
00
9/12
GJ1
1
7
0
0
00
-
0
-
28
GJ1
2
7
0
0
00
2
7
0
0
00
PREPAID RENT
ACCOUNT NO. 1025
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
9/1
GJ1
1
5
0
0
00
1
5
0
0
00
SUPPLIES
ACCOUNT NO. 1030
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
8/31
balance forward
√
5
0
0
00
COMPUTER SHOP
EQUIPMENT
ACCOUNT NO. 1080
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
8/31
balance forward
√
1
8
0
0
00
9/17
GJ1
2
1
0
0
00
3
9
0
0
00
OFFICE EQUIPMENT
ACCOUNT NO. 1090
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
8/31
balance forward
√
3
3
0
0
00
ACCOUNTS PAYABLE
ACCOUNT NO. 2000
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
8/31
balance forward
√
4
3
0
00
9/8
GJ1
8
0
00
3
5
0
00
15
GJ1
3
0
0
00
5
0
00
20
GJ1
3
5
00
8
5
00
22
GJ1
8
5
00
1
7
0
00
FELDMAN, CAPITAL
ACCOUNT NO. 3000
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
8/31
balance forward
√
6
0
0
0
00
FELDMAN, WITHDRAWALS
ACCOUNT NO. 3010
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
8/31
0
balance forward
√
1
7
5
00
SERVICE REVENUE
ACCOUNT NO. 4000
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
8/31
balance forward
√
6
2
0
0
00
9/2
GJ1
4
2
0
00
6
6
2
0
00
6
GJ1
1
5
0
00
6
7
7
0
00
26
GJ1
7
5
0
00
7
5
2
0
00
28
GJ1
2
7
0
0
00
10
2
2
0
00
ADVERTISING EXPENSE
ACCOUNT NO. 5010
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
8/31
balance forward
√
9
0
0
00
RENT EXPENSE
ACCOUNT NO. 5020
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
8/31
balance forward
√
5
0
0
00
UTILITIES EXPENSE
ACCOUNT NO. 5030
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
8/31
balance forward
√
7
5
00
9/22
GJ1
8
5
00
1
6
0
00
PHONE EXPENSE
ACCOUNT NO. 5040
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
8/31
balance forward
√
8
0
00
9/20
GJ1
3
5
00
1
1
5
00
SUPPLIES EXPENSE
ACCOUNT NO. 5050
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
INSURANCE EXPENSE
ACCOUNT NO. 5060
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
8/31
balance forward
√
4
5
0
00
POSTAGE EXPENSE
ACCOUNT NO. 5070
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
8/31
balance forward
√
7
0
00
SMITH COMPUTER CENTER
INCOME STATEMENT
FOR THE QUARTER ENDED SEPTEMBER 30, 201X
Revenue:
Service Revenue
$10
2
2
0
00
Operating Expenses
Advertising Expense
$
9
0
0
00
Rent Expense
5
0
0
00
Utilities Expense
1
6
0
00
Phone Expense
1
1
5
00
Insurance Expense
4
5
0
00
Postage Expense
7
0
00
Total Operating Expenses
2
1
9
5
00
Net Income
$ 8
0
2
5
00
SMITH COMPUTER CENTER
STATEMENT OF OWNER'S EQUITY
FOR THE QUARTER ENDED SEPTEMBER 30, 201X
Feldman, Capital July 1, 201X
$
0
00
Investment in July
6
0
0
0
00
Total Investment in July thru September
6
0
0
0
00
Net Income
$ 8
0
2
5
00
Less: Withdrawals for July thru September
(1
7
5
00)
Net Increase in Capital
7
8
5
0
00
Feldman, Capital September 30, 201X
$13
8
5
0
00
SMITH COMPUTER CENTER
BALANCE SHEET
SEPTEMBER 30, 201X
ASSETS
LIABILITIES AND OWNER’S EQUITY
Cash
$2
1
2
0
00
Liabilities:
Accounts Receivable
2
7
0
0
00
Accounts Payable
$
1
7
0
00
Prepaid Rent
1
5
0
0
00
Supplies
5
0
0
00
Owner’s Equity
Computer Shop Equipment
3
9
0
0
00
Feldman, Capital
13
8
5
0
00
Office Equipment
3
3
0
0
00
Total Liabilities
Total Assets
$14
0
2
0
00
and Owner's Equity
$14
0
2
0
00
