Item Ref. Dr. Cr. Dr. Cr.
July 1 1 7,500 7,500
5 1 6,500 14,000
Accumulated Depreciation 19
Post.
Item Ref. Dr. Cr. Dr. Cr.
Unearned Fees 23
Post.
Item Ref. Dr. Cr. Dr. Cr.
July 4 1 5,500 5,500
31 Adjusting 3 2,750 2,750
Steffy Lopez, Capital 31
Post.
Item Ref. Dr. Cr. Dr. Cr.
July 1 1 45,000 45,000
31 Closing 4 33,475 78,475
31 Closing 4 12,500 65,975
Post.
Item Ref. Dr. Cr. Dr. Cr.
July 31 2 12,500 12,500
31 Closing 4 12,500 – –
Post.
Item Ref. Dr. Cr. Dr. Cr.
July 31 Closing 4 44,350 44,350
31 Closing 4 10,875 33,475
31 Closing 4 33,475 – –
2016
2016
2016
Date
Balance
Date
Balance
Fees Earned 41
Post.
Item Ref. Dr. Cr. Dr. Cr.
July 12 1 13,300 13,300
17 2 9,450 22,750
20 2 6,650 29,400
24 2 4,000 33,400
31 2 5,200 38,600
2016
Balance
Date
Date
Date
2016
Date
2016
Date
Balance
Balance
Balance
July 31 Adjusting 3 750 750
Post.
Item Ref. Dr. Cr. Dr. Cr.
July 5 1 6,500 6,500
12 1 5,200 1,300
Post.
Item Ref. Dr. Cr. Dr. Cr.
2016
2016
Balance
Date
2016
Balance
Date
27 1 1,750 3,500
31 Adjusting 3 175 3,675
31 Closing 4 3,675 – –
Rent Expense 52
Post.
Item Ref. Dr. Cr. Dr. Cr.
Insurance Expense 55
Post.
Item Ref. Dr. Cr. Dr. Cr.
July 31 Adjusting 3 375 375
31 Closing 4 375 – –
Miscellaneous Expense 59
Post.
Item Ref. Dr. Cr. Dr. Cr.
July 10 1400 400
29 2325 725
31 2675 1,400
31 Closing 4 1,400 – –
3.
32,450 –
Accounts Receivable 16,450 –
3,800 –
4,800 –
4,500 –
14,000 –
Unearned Fees – 5,500
12,500 –
Accumulated Depreciation
Accounts Payable
Salaries Payable
Steffy Lopez, Capital
Steffy Lopez, Drawing
Prepaid Rent
Prepaid Insurance
Office Equipment
Fees Earned – 41,600
Salary Expense 3,500 –
Rent Expense – –
Supplies Expense – –
Depreciation Expense – –
Insurance Expense – –
Miscellaneous Expense 1,400 –
5.
Account Title Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
Cash 32,450 – – 32,450 – – – 32,450 –
Accounts Receivable 16,450 – – 16,450 – – – 16,450 –
Adjusted
Unadjusted Trial Balance
Adjustments
End-of-Period Spreadsheet (Work Sheet)
For the Month Ended July 31, 2016
DIAMOND CONSULTING
Sheet
Trial Balance
Statement
Income
Balance
Balance
Date
Date
2016
Debit
Balances
Credit
Balances
Balance
Balance
July 31, 2016
Cash
Supplies
Date
2016
DIAMOND CONSULTING
Unadjusted Trial Balance
July 31 Adjusting 3 2,400 2,400
31 Closing 4 2,400 – –
Post.
July 31 Adjusting 3 2,275 2,275
31 Closing 4 2,275 – –
Post.
Item Ref. Dr. Cr. Dr. Cr.
31 Closing 4 750 – –
2016
2016
Balance
Balance
Date
2016
Date
Salaries Payable – (d) 175 – 175 – – – 175
Unearned Fees 5,500 (f) 2,750 – – 2,750 – – – 2,750
Steffy Lopez, Capital 45,000 – – – 45,000 – – – 45,000
Steffy Lopez, Drawing 12,500 – – 12,500 – – – 12,500 –
Fees Earned 41,600 – (f) 2,750 – 44,350 – 44,350 – –
Salary Expense 3,500 (d) 175 – 3,675 – 3,675 – – –
Rent Expense (e) 2,400 – 2,400 – 2,400 – – –
Supplies Expense (b) 2,275 – 2,275 – 2,275 – – –
Depreciation Expense (c) 750 – 750 – 750 – – –
Insurance Expense (a) 375 – 375 – 375 – – –
Miscellaneous Expense 1,400 – – 1,400 – 1,400 – – –
6.
Page 3
Post.
Ref. Debit Credit
July 31 55 375
16 375
31 53 2,275
14 2,275
31 54 750
19 750
31 51 175
22 175
31 52 2,400
15 2,400
31 23 2,750
41 2,750
Salary Expense
Rent Expense
Salaries Payable
Prepaid Rent
Unearned Fees
Fees Earned
Supplies
Prepaid Insurance
Office Equipment
Prepaid Rent
Steffy Lopez, Drawing
Steffy Lopez, Capital
7.
32,450 –
– 750
– 1,300
– 175
Supplies Expense 2,275 –
Depreciation Expense 750 –
Insurance Expense 375 –
Supplies
Depreciation Expense
Accumulated Depreciation
2016
Adjusting Entries
Date
Insurance Expense
Prepaid Insurance
Supplies Expense
Expenses:
Accumulated Depreciation
Accounts Payable
Debit
Balances
Credit
Balances
Salaries Payable
DIAMOND CONSULTING
Adjusted Trial Balance
July 31, 2016
Cash
JOURNAL
Description
Prepaid Rent 4,800 – (e) 2,400 2,400 – – – 2,400 –
Prepaid Insurance 4,500 – (a) 375 4,125 – – – 4,125 –
Office Equipment 14,000 – – 14,000 – – – 14,000 –
Accum. Depreciation – (c) 750 – 750 – – – 750
Accounts Payable 1,300 – – – 1,300 – – – 1,300
Net income for the month
Less withdrawals
Increase in owner’s equity
Prepaid rent
Prepaid insurance
Office equipment
Supplies
Unearned fees
Accumulated depreciation
Steffy Lopez, capital
3,675$
2,400
2,275
–$
45,000
Current assets: Current liabilities
32,450$ 1,300$
16,450 175
9.
Page 4
Post.
Insurance Expense
Income Summary
Steffy Lopez, Capital
Steffy Lopez, Capital
Supplies Expense
Depreciation Expense
Steffy Lopez, Drawing
Ref. Debit Credit
July 31 41 44,350
33 44,350
31 33 10,875
51 3,675
52 2,400
10.
32,450 –
Accounts Receivable 16,450 –
1,525 –
For the Month Ended July 31, 2016
Fees Earned
Income Summary
Income Summary
Post-Closing Trial Balance
July 31, 2016
Debit
Balances
Credit
Balances
DIAMOND CONSULTING
Salary Expense
Rent Expense
DIAMOND CONSULTING
Cash
Cash
Supplies
Date
2016
Closing Entries
Assets
Balance Sheet
July 31, 2016
Statement of Owner’s Equity
Additional investments during the month
DIAMOND CONSULTING
Steffy Lopez, capital, July 1, 2016
Salary expense
Rent expense
Supplies expense
Salaries payable
Liabilities
JOURNAL
Description
Accounts payable
Accounts receivable
Depreciation expense
Insurance expense
Miscellaneous expense
Unearned Fees – 2,750
Problem 4-5B
Score:
Key Code:
Instructions
Answers are entered in the cells with gray backgrounds.
An asterisk (*) will appear to the right of an incorrect entry.
In the general ledger accounts, only normal balance columns will be graded.
For correct grading in the trial balances and work sheet, enter a zero in cells you would otherwise leave blank.
1. and 2.
Page 1
Post.
Ref. Debit Credit
April 1
1
2
4
5
6
10
12
12
14
Page 2
Post.
Ref. Debit Credit
April 17
18
20
24
26
27
Description
Description
2
Cells with non-gray backgrounds are protected and cannot be edited.
Section:
0%
2016
JOURNAL
Date
Name:
JOURNAL
Date
2016
29
30
30
30
30
2., 6., and 9.
Cash
11
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 1
1
2
4
6
10
12
14
17
18
24
26
27
29
30
30
30
Accounts Receivable 12
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 1
6
12
20
26
30
Supplies 14
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 1
18
30 Adjusting
Prepaid Rent 15
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 1
30 Adjusting
Prepaid Insurance 16
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 2
30 Adjusting
Office Equipment 18
Post.
Balance
GENERAL LEDGER
Balance
Date
2016
Date
2016
Date
2016
Balance
Date
2016
2016
Date
Balance
Balance
Balance
Item Ref. Dr. Cr. Dr. Cr.
April 1
5
Accumulated Depreciation 19
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 30 Adjusting
Accounts Payable 21
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 5
12
Salaries Payable 22
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 30 Adjusting
Unearned Fees 23
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 4
30 Adjusting
Jeff Horton, Capital 31
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 1
30 Closing
30 Closing
Jeff Horton, Drawing 32
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 30
30 Closing
Balance
Balance
2016
Date
2016
Date
2016
Date
2016
Balance
Balance
Date
Balance
Date
2016
2016
Balance
Date
2016
Date
Income Summary 33
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 30 Closing
30 Closing
30 Closing
Fees Earned 41
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 12
17
20
24
30
30
30 Adjusting
30 Closing
Salary Expense 51
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 14
27
30 Adjusting
30 Closing
Supplies Expense 52
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 30 Adjusting
30 Closing
Rent Expense 53
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 30 Adjusting
30 Closing
Balance
Balance
Balance
2016
Date
Date
2016
2016
Date
Date
Balance
Balance
2016
Date
2016
Depreciation Expense 54
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 30 Adjusting
30 Closing
Insurance Expense 55
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 30 Adjusting
30 Closing
Miscellaneous Expense 59
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 10
29
30
30 Closing
3.
Accounts Receivable
Unearned Fees
Fees Earned
Salary Expense
Rent Expense
Supplies Expense
Depreciation Expense
Insurance Expense
Miscellaneous Expense
Debit
Balances
Credit
Balances
2016
Cash
ROSEBUD ONE CONSULTING
Balance
Unadjusted Trial Balance
April 30, 2016
Date
Salaries Payable
Date
Date
2016
Jeff Horton, Capital
Balance
2016
Jeff Horton, Drawing
Prepaid Insurance
Office Equipment
Accumulated Depreciation
Accounts Payable
Balance
Supplies
Prepaid Rent
5.
Account Title Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
Cash 43,535
Accounts Receivable 17,790
Supplies 4,025
Prepaid Rent 6,000
Prepaid Insurance 4,200
Office Equipment 20,000
Accum. Depreciation
Accounts Payable 1,600
Salaries Payable
Unearned Fees 9,400
Jeff Horton, Capital 50,000
Jeff Horton, Drawing 18,000
Fees Earned 57,500
Salary Expense 3,300
Supplies Expense
Rent Expense
Depreciation Expense
Insurance Expense
Miscellaneous Expense 1,650
118,500 118,500
6.
Page 3
Post.
Ref. Debit Credit
April 30
30
30
30
30
30
7.
Accounts Receivable
Unearned Fees
Fees Earned
Salary Expense
Supplies Expense
Rent Expense
Depreciation Expense
Insurance Expense
Miscellaneous Expense
Accumulated Depreciation
Accounts Payable
Office Equipment
Supplies
Prepaid Rent
Cash
JOURNAL
Description
Balance
Sheet
Trial Balance
Unadjusted Trial Balance
Statement
Adjusted
Income
Debit
Balances
Adjustments
Salaries Payable
Jeff Horton, Capital
Jeff Horton, Drawing
Prepaid Insurance
ROSEBUD ONE CONSULTING
Adjusted Trial Balance
April 30, 2016
Credit
Balances
ROSEBUD ONE CONSULTING
End-of-Period Spreadsheet (Work Sheet)
For the Month Ended April 30, 2016
Date
2016
Adjusting Entries
8.
Net income
Total
Current assets: Current liabilities
Total liabilities
Total current assets
Property, plant, and equipment:
Total property, plant, and equipment
Total assets Total liabilities and owner’s equity
For the Month Ended April 30, 2016
Total expenses
Expenses:
Balance Sheet
Statement of Owner’s Equity
ROSEBUD ONE CONSULTING
Revenues:
ROSEBUD ONE CONSULTING
For the Month Ended April 30, 2016
Jeff Horton, capital, April 1, 2016
ROSEBUD ONE CONSULTING
Income Statement
Total revenues
Owner’s Equity
April 30, 2016
Jeff Horton, capital, April 30, 2016
Liabilities
Assets
9.
Page 4
Post.
Ref. Debit Credit
April 30
30
Miscellaneous Expense
30
30
10.
Accounts Receivable
Unearned Fees
Description
JOURNAL
2016
April 30, 2016
Prepaid Insurance
Debit
Balances
Credit
Balances
Jeff Horton, Capital
Office Equipment
Accumulated Depreciation
Cash
Supplies
Prepaid Rent
Accounts Payable
ROSEBUD ONE CONSULTING
Post-Closing Trial Balance
Salaries Payable
Date
Closing Entries
Problem 4-5B
Solution
Scoring:
Instructions
Answers are entered in the cells with gray backgrounds.
In the general ledger accounts, only normal balance columns will be graded.
For correct grading in the trial balances and work sheet, enter a zero in cells you would otherwise leave blank.
1. and 2.
Page 1
Post.
Ref. Debit Credit
Unearned Fees
Office Equipment
Accounts Payable
Cash
Cash
Accounts Receivable
Miscellaneous Expense
Cash
Cash
Salary Expense
April 111 20,000
12 14,700
115 6,000
11 6,000
216 4,200
11 4,200
12 21 6,400
11 6,400
12 12 21,900
41 21,900
Page 2
Post.
Ref. Debit Credit
Fees Earned
Accounts Receivable
Supplies
Cash
Accounts Receivable
April 17 11 6,600
41 6,600
24 11 4,450
41 4,450
An asterisk (*) will appear to the right of an incorrect entry.
Description
JOURNAL
Date
2016
Cash
Accounts Receivable
Prepaid Rent
Fees Earned
Cash
Name:
Cash
Prepaid Insurance
Cash
Section:
ON
Cells with non-gray backgrounds are protected and cannot be edited.
Fees Earned
Cash
JOURNAL
Date
2016
Description
Cash
Accounts Receivable
Fees Earned
Accounts Payable
Supplies
Jeff Horton, Capital
Office Equipment
29 59 540
11 540
30 59 760
11 760
2., 6., and 9.
Cash
11
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 1 1 20,000 20,000
1 1 6,000 14,000
10 1350 30,550
12 1 6,400 24,150
14 1 1,650 22,500
17 2 6,600 29,100
18 2725 28,375
24 2 4,450 32,825
26 2 26,500 59,325
27 2 1,650 57,675
29 2540 57,135
30 2760 56,375
30 2 5,160 61,535
30 2 18,000 43,535
Accounts Receivable 12
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 1 1 14,700 14,700
6 1 11,700 3,000
12 1 21,900 24,900
20 2 16,800 41,700
26 2 26,500 15,200
30 2 2,590 17,790
Supplies 14
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 1 1 3,300 3,300
18 2725 4,025
30 Adjusting 3 2,800 1,225
Prepaid Rent 15
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 1 1 6,000 6,000
30 Adjusting 3 2,000 4,000
Prepaid Insurance 16
Post.
Item Ref. Dr. Cr. Dr. Cr.
Office Equipment 18
Post.
Date
2016
Balance
Balance
Date
Date
2016
Date
Date
2016
2016
Balance
Balance
Balance
Balance
Miscellaneous Expense
Cash
Miscellaneous Expense
Cash
GENERAL LEDGER
Jeff Horton, Drawing
Cash
Accounts Receivable
Item Ref. Dr. Cr. Dr. Cr.
Accumulated Depreciation 19
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 30 Adjusting 3 400 400
Accounts Payable 21
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 5 1 8,000 8,000
12 1 6,400 1,600
Post.
Item Ref. Dr. Cr. Dr. Cr.
2016
Balance
Date
2016
Unearned Fees 23
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 4 1 9,400 9,400
30 Adjusting 3 7,050 2,350
Jeff Horton, Capital 31
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 1 1 50,000 50,000
30 Closing 4 53,775 103,775
30 Closing 4 18,000 85,775
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 30 2 18,000 18,000
30 Closing 4 18,000 – –
Balance
Date
2016
2016
Income Summary 33
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 30 Closing 4 64,550 64,550
30 Closing 4 10,775 53,775
30 Closing 4 53,775 – –
Fees Earned 41
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 12 1 21,900 21,900
17 2 6,600 28,500
20 2 16,800 45,300
24 2 4,450 49,750
30 2 5,160 54,910
Salary Expense 51
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 14 1 1,650 1,650
2016
Balance
Date
Date
2016
Date
Date
Balance
Balance
Balance
2016
Date
2016
Balance
Date
Balance
Date
2016
2016
Balance
Date
April 1 1 12,000 12,000
Rent Expense 53
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 30 Adjusting 3 2,000 2,000
30 Closing 4 2,000 – –
Depreciation Expense 54
Post.
Item Ref. Dr. Cr. Dr. Cr.
30 Closing 4 400 – –
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 30 Adjusting 3 350 350
30 Closing 4 350 – –
2016
Date
2016
Balance
Miscellaneous Expense 59
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 10 1350 350
29 2540 890
30 2760 1,650
30 Closing 4 1,650 – –
3.
43,535 –
Accounts Receivable 17,790 –
20,000 –
Unearned Fees – 9,400
18,000 –
Jeff Horton, Capital
Jeff Horton, Drawing
Office Equipment
Accumulated Depreciation
Accounts Payable
Fees Earned – 57,500
Salary Expense 3,300 –
Rent Expense – –
Supplies Expense – –
Depreciation Expense – –
Insurance Expense – –
Miscellaneous Expense 1,650 –
5.
Account Title Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
Cash 43,535 – – 43,535 – – – 43,535 –
Accounts Receivable 17,790 – – 17,790 – – – 17,790 –
Unadjusted Trial Balance
Date
2016
Date
Date
2016
ROSEBUD ONE CONSULTING
Unadjusted Trial Balance
Adjustments
Sheet
Trial Balance
Statement
Income
Balance
Adjusted
End-of-Period Spreadsheet (Work Sheet)
For the Month Ended April 30, 2016
April 30, 2016
Cash
Debit
Balances
Credit
Balances
ROSEBUD ONE CONSULTING
Balance
Balance
Balance
27 1 1,650 3,300
30 Adjusting 3 275 3,575
30 Closing 4 3,575 – –
Post.
Item Ref. Dr. Cr. Dr. Cr.
April 30 Adjusting 3 2,800 2,800
30 Closing 4 2,800 – –
2016
Balance
Date
Supplies 4,025 – (b) 2,800 1,225 – – – 1,225 –
Prepaid Rent 6,000 – (e) 2,000 4,000 – – – 4,000 –
Prepaid Insurance 4,200 – (a) 350 3,850 – – – 3,850 –
Office Equipment 20,000 – – 20,000 – – – 20,000 –
Accum. Depreciation – (c) 400 – 400 – – – 400
Accounts Payable 1,600 – – – 1,600 – – – 1,600
Salaries Payable – (d) 275 – 275 – – – 275
Rent Expense (b) 2,000 – 2,000 – 2,000 – – –
Depreciation Expense (c) 400 – 400 – 400 – – –
Insurance Expense (a) 350 – 350 – 350 – – –
Miscellaneous Expense 1,650 – – 1,650 – 1,650 – – –
6.
Page 3
Post.
Rent Expense
Unearned Fees
Depreciation Expense
Salary Expense
Prepaid Rent
Salaries Payable
Ref. Debit Credit
April 30 55 350
16 350
30 52 2,800
14 2,800
7.
43,535 –
Accounts Receivable 17,790 –
1,225 –
4,000 –
3,850 –
20,000 –
Unearned Fees – 2,350
18,000 –
Fees Earned – 64,550
Salary Expense 3,575 –
Jeff Horton, Drawing
Salaries Payable
Jeff Horton, Capital
Prepaid Insurance
Office Equipment
Accumulated Depreciation
Accounts Payable
Supplies Expense 2,800 –
Rent Expense 2,000 –
Depreciation Expense 400 –
Insurance Expense 350 –
Miscellaneous Expense 1,650 –
119,175 119,175
8.
Debit
Balances
Credit
Balances
Supplies
Prepaid Rent
ROSEBUD ONE CONSULTING
Adjusted Trial Balance
April 30, 2016
Cash
Date
JOURNAL
Description
Insurance Expense
Prepaid Insurance
Supplies Expense
Supplies
For the Month Ended April 30, 2016
2016
Adjusting Entries
ROSEBUD ONE CONSULTING
Income Statement
Unearned Fees 9,400 (f) 7,050 – – 2,350 – – – 2,350
Jeff Horton, Capital 50,000 – – – 50,000 – – – 50,000
Jeff Horton, Drawing 18,000 – – 18,000 – – – 18,000 –
Fees Earned 57,500 – (f) 7,050 – 64,550 – 64,550 – –
Salary Expense 3,300 (d) 275 – 3,575 – 3,575 – – –
Supplies Expense (e) 2,800 – 2,800 – 2,800 – – –
2,800
2,000
400
350
–$
50,000
Total 50,000$
53,775$
18,000
35,775
Less withdrawals
Increase in owner’s equity
Net income for the month
Current assets: Current liabilities
43,535$ 1,600$
17,790 275
1,225 2,350
4,000 Total liabilities 4,225$
3,850
Property, plant, and equipment: 85,775
400
19,600
Office equipment
Jeff Horton, capital
Accumulated depreciation
Prepaid rent
Prepaid insurance
9.
Page 4
Post.
Ref. Debit Credit
April 30 41 64,550
33 64,550
30 33 10,775
51 3,575
52 2,800
53 2,000
Rent Expense
Depreciation Expense
Insurance Expense
Supplies Expense
30 33 53,775
31 53,775
30 31 18,000
32 18,000
Jeff Horton, Drawing
Jeff Horton, Capital
10.
43,535 –
Accounts Receivable 17,790 –
1,225 –
4,000 –
3,850 –
20,000 –
Prepaid Insurance
Office Equipment
Post-Closing Trial Balance
April 30, 2016
Debit
Balances
Credit
Balances
Cash
Assets
Cash
Supplies
Prepaid Rent
ROSEBUD ONE CONSULTING
Liabilities
JOURNAL
Description
Accounts payable
Accounts receivable
Salaries payable
Additional investments during the month
Jeff Horton, capital, April 1, 2016
Supplies expense
Rent expense
Depreciation expense
ROSEBUD ONE CONSULTING
Statement of Owner’s Equity
Insurance expense
Balance Sheet
April 30, 2016
ROSEBUD ONE CONSULTING
For the Month Ended April 30, 2016
Fees Earned
Income Summary
Income Summary
Date
2016
Closing Entries
Supplies
Unearned fees
Income Summary
Jeff Horton, Capital
Salary Expense
1,650
10,775
Miscellaneous expense