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MINI PRACTICE SET
SOUSA REALTY
COMMISSIONS EARNED
ACCOUNT NO. 411
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Sept.
6
GJ1
11
0
0
0
00
11
0
0
0
00
17
GJ2
10
0
0
0
00
21
0
0
0
00
21
GJ2
7
0
0
0
00
28
0
0
0
00
30
Closing
GJ3
28
0
0
0
0
Oct.
3
GJ4
7
3
0
0
00
7
3
0
0
00
17
GJ4
2
9
0
0
00
10
2
0
0
00
18
GJ4
4
5
0
0
00
14
7
0
0
00
31
Closing
GJ6
14
7
0
0
0
MINI PRACTICE SET
SOUSA REALTY
GAS EXPENSE
ACCOUNT NO. 513
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Sept.
8
GJ1
4
5
00
4
5
00
22
GJ2
8
0
00
1
2
5
00
30
Closing
GJ3
1
2
5
00
Oct.
6
GJ4
2
9
00
2
9
00
31
Closing
GJ6
2
9
00
MINI PRACTICE SET
SOUSA REALTY
OFFICE SUPPLIES EXPENSE
ACCOUNT NO. 517
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Sept.
30
Adjusting
GJ3
7
5
0
00
7
5
0
00
30
Closing
GJ3
7
5
0
00
Oct.
31
Adjusting
GJ6
8
2
0
00
8
2
0
00
31
Closing
GJ6
8
2
0
00
DEPRECIATION EXPENSE, OFFICE EQUIPMENT
ACCOUNT NO. 518
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Sept.
30
Adjusting
GJ3
1
6
0
00
1
6
0
00
30
Closing
GJ3
1
6
0
00
Oct.
31
Adjusting
GJ6
1
6
0
00
1
6
0
00
31
Closing
GJ6
1
6
0
00
DEPRECIATION EXPENSE, AUTOMOBILE
ACCOUNT NO. 519
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Sept.
30
Adjusting
GJ3
2
1
0
00
2
1
0
00
30
Closing
GJ3
2
1
0
00
Oct.
31
Adjusting
GJ6
2
1
0
00
2
1
0
00
31
Closing
GJ6
2
1
0
00
MISCELLANEOUS EXPENSE
ACCOUNT NO. 524
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Oct.
12
GJ4
5
3
0
00
5
3
0
00
22
GJ5
6
5
00
5
9
5
00
31
Closing
GJ6
5
9
5
00
5-74
SOUSA REALTY(2)
Balance Sheet
Credit
20,150
17,000
160
(D) 210 210 210
37,520
23,925
61,445
Debit
10,000
800
100
5,000
19,000
4,000
61,445
61,445
Inc. Statement
Credit
28,000
28,000
28,000
Debit
600
125
800
330
900
200
750 750
160
210
4,075
23,925
28,000
Adj. Trial Balance
Credit
20,150
17,000
28,000
160
65,520
Sousa Realty
Worksheet
For the Month Ended September 30, 201X
Debit
10,000
800
100
5,000
19,000
4,000
600
125
800
330
900
200
160
210
65,520
Adjustments
Credit
(A) 200
(B) 750
(C) 160
1,320
Debit
(A) 200
(B) 750
(C) 160
(D) 210
1,320
Trial Balance
Credit
20,150
17,000
28,000
65,150
Debit
10,000
1,000
850
5,000
19,000
4,000
600
125
800
330
900
65,150
Account Titles
Accounts Receivable
Prepaid Rent
Office Supplies
Office Equipment
Automobile
Accounts Payable
James Sousa, Capital
James Sousa, Withdr.
Commissions Earned
Salaries Expense
Gas Expense
Repairs Expense
Telephone Expense
Advertising Expense
Rent Expense
Office Supplies Expense
Depr. Expense, Of. Eq.
Accum. Depr., Of. Eq.
Depr. Expense, Auto
Accum. Depr., Auto
Net Income
Copyright © 2016 Pearson Education, Inc.
5-75
SOUSA REALTY
(3)
SOUSA REALTY
INCOME STATEMENT
FOR MONTH ENDED SEPTEMBER 30, 201X
Revenue:
Commissions Earned
$28
0
0
0
00
Operating Expenses:
Salaries Expense
$
6
0
0
00
Gas Expense
1
2
5
00
Repairs Expense
8
0
0
00
Telephone Expense
3
3
0
00
Advertising Expense
9
0
0
00
Rent Expense
2
0
0
00
Office Supplies Expense
7
5
0
00
Depreciation Expense, Office Equipment
1
6
0
00
Depreciation Expense, Automobile
2
1
0
00
Total Operating Expenses
4
0
7
5
00
Net Income
$23
9
2
5
00
James Sousa, Capital, September 1, 201X
$
0
00
Investment in September
17
0
0
0
00
Total Investment in September
17
0
0
0
00
Net Income for September
$23
9
2
5
00
Less: Withdrawals for September
(4
0
0
0
00)
Increase in Capital
19
9
2
5
00
James Sousa, Capital, September 30, 201X
$36
9
2
5
00
