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CC2 COOKIE CREATIONS
(a)
GENERAL JOURNAL
J1
Account Titles and Explanation
Debit
Credit
Nov. 8 No entry required for cashing U.S.
Savings Bonds—this is a personal
transaction.
8 Cash ......................................................... 500
Owner’s Capital .................................. 500
14 Equipment ............................................... 300
Owner’s Capital .................................. 300
16 Cash ......................................................... 2,000
Notes Payable ..................................... 2,000
25 Cash ......................................................... 30
Unearned Service Revenue ................ 30
CC2 (Continued)
(b)
Cash
Date
Explanation
Ref.
Debits
Credits
Balance
Nov. 8 J1 500 500
11 J1 65 435
13 J1 125 310
16 J1 2,000 2,310
Supplies
Date
Explanation
Ref.
Debits
Credits
Balance
Nov. 13 J1 125 125
Prepaid Insurance
Date
Explanation
Ref.
Debits
Credits
Balance
Equipment
Date
Explanation
Ref.
Debits
Credits
Balance
Nov. 14 J1 300 300
Unearned Service Revenue
Date
Explanation
Ref.
Debits
Credits
Balance
Nov. 25 J1 30 30
CC2 (Continued)
(b) (Continued)
Notes Payable
Date
Explanation
Ref.
Debits
Credits
Balance
Nov. 16 J1 2,000 2,000
Owner’s Capital
Date
Explanation
Ref.
Debits
Credits
Balance
Service Revenue
Date
Explanation
Ref.
Debits
Credits
Balance
Nov. 20 J1 125 125
Advertising Expense
Date
Explanation
Ref.
Debits
Credits
Balance
CC2 (Continued)
(c) COOKIE CREATIONS
Trial Balance
November 30, 2016
Debit Credit
Cash ........................................................................... $ 245
Supplies ..................................................................... 125
Prepaid Insurance ..................................................... 1,320
