SOLUTION TO CONTINUING PROBLEM
SUAREZ COMPUTER CENTER
GENERAL JOURNAL
Requirements 3 and 4
PAGE 6
Date
Account Titles and Description
PR
Dr.
Cr.
Dec.
31
Payroll Tax Expense
5120
2
6
0
FICA OASDI Payable
2020
1
5
0
35
FICA Medicare Payable
2030
3
5
18
SUTA Tax Payable
2070
6
0
FUTA Tax Payable
2060
1
4
Dec.
31
FICA OASDI Payable
2020
3
0
0
FICA Medicare Payable
2030
7
0
Cash
1000
3
7
1
06
Dec.
31
FUTA Tax Payable
2060
1
4
SUTA Tax Payable
2070
6
0
Cash
1000
7
5
Dec.
31
SIT payable
2050
9
7
Cash
1000
9
7
00
Requirements 2, 3 and 4
CASH
ACCOUNT NO. 1000
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Nov.
30
Balance Forward
√
14
9
0
5
00
Dec.
7
GJ5
9
0
5
58
13
9
9
9
42
GJ5
5
7
4
27
12
7
6
2
53
GJ6
3
7
1
06
12
3
9
1
47
PETTY CASH
ACCOUNT NO. 1010
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Nov.
30
Balance Forward
√
3
0
0
00
ACCOUNTS RECEIVABLE
ACCOUNT NO. 1020
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Nov.
30
Balance Forward
√
14
8
5
0
00
PREPAID RENT
ACCOUNT NO. 1025
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Nov.
30
Balance Forward
2
0
0
0
00
SUPPLIES
ACCOUNT NO. 1030
Date
Ref.
Debit
Credit
Debit
Credit
Nov.
30
Balance Forward
1
9
2
00
Post
Balance
COMPUTER SHOP EQUIPMENT
ACCOUNT NO. 1080
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
ACCUMULATED DEPRECIATION, COMPUTER SHOP EQUIPMENT
ACCOUNT NO. 1081
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
OFFICE EQUIPMENT
ACCOUNT NO. 1090
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
ACCUMULATED DEPRECIATION, OFFICE EQUIPMENT
ACCOUNT NO. 1091
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
ACCOUNTS PAYABLE
ACCOUNT NO. 2000
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
WAGES PAYABLE
ACCOUNT NO. 2010
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Nov.
30
Balance Forward
√
0
Dec.
7
GJ5
9
0
5
58
9
0
5
58
Dec.
7
GJ5
Dec.
GJ5
Dec.
GJ5
Dec.
GJ5
Dec.
GJ5
FICA—OASDI PAYABLE
ACCOUNT NO. 2020
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Nov.
30
Balance Forward
√
0
Dec.
7
GJ5
6
3
55
6
3
55
Dec.
GJ5
Dec.
GJ6
Dec.
GJ6
FICA—MEDICARE PAYABLE
ACCOUNT NO. 2030
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Nov.
30
Balance Forward
√
0
Dec.
7
GJ5
1
4
87
1
4
87
Dec.
GJ5
Dec.
GJ5
Dec.
GJ6
Dec.
GJ6
FIT PAYABLE
ACCOUNT NO. 2040
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
SIT PAYABLE
ACCOUNT NO. 2050
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Nov.
30
Balance Forward
√
0
Dec.
GJ5
1
1
Dec.
GJ5
2
9
Dec.
GJ6
9
FUTA TAX PAYABLE
ACCOUNT NO. 2060
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Nov.
30
Balance Forward
√
0
Dec.
31
4
4
SUTA TAX PAYABLE
ACCOUNT NO. 2070
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Nov.
30
Balance Forward
√
0
Dec.
31
0
0
FALCO, CAPITAL
ACCOUNT NO. 3000
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Nov.
Balance Forward
√
6
7
FALCO, WITHDRAWALS
ACCOUNT NO. 3010
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Nov.
Balance Forward
5
SERVICE REVENUE
ACCOUNT NO. 4000
Date
Explanation
Ref.
Debit
Credit
Debit
Nov.
Balance Forward
Post
Balance
ADVERTISING EXPENSE
ACCOUNT NO. 5010
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
RENT EXPENSE
ACCOUNT NO. 5020
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
UTILITIES EXPENSE
ACCOUNT NO. 5030
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
PHONE EXPENSE
ACCOUNT NO. 5040
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Nov.
Balance Forward
5
SUPPLIES EXPENSE
ACCOUNT NO. 5050
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Nov.
Balance Forward
5
INSURANCE EXPENSE
ACCOUNT NO. 5060
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
POSTAGE EXPENSE
ACCOUNT NO. 5070
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Nov.
Balance Forward
0
DEPRECIATION EXPENSE, C. S. EQUIPMENT
ACCOUNT NO. 5080
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
DEPRECIATION EXPENSE, OFFICE EQUIPMENT
ACCOUNT NO. 5090
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
MISCELLANEOUS EXPENSE
ACCOUNT NO. 5100
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Nov.
Balance Forward
√
5
WAGES EXPENSE
ACCOUNT NO. 5110
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Nov.
30
Balance Forward
√
0
Dec.
7
GJ5
1
5
Dec.
GJ5
5
Dec.
GJ5
5
PAYROLL TAX EXPENSE
ACCOUNT NO. 5120
Date
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Dec.
31
GJ6
0
CONTINUING PROBLEM (CONTINUED)
Requirement 5
Requirement 6