GENERAL JOURNAL

Cash Accounts Payable

Accounts Receivable Notes Payable

Office Supplies Unearned Revenue

Prepaid Rent C. Chan, Capital

Office Equipment C. Chan, Drawing

 TRIAL BALANCE

Accounts Payable Professional Fees SFP

Notes Payable Salaries Expense IS

Unearned Revenue Utilities Expense SOE

C. Chan, Capital Representation Expense SCF

Permits and Licenses

C. Chan, Drawing Expense
 GENERAL JOURNAL
Date Particulars PR. Debit
1 Cash 101 1,000,000
C. Chan, Capital 301
to record investment

1 Cash 101 200,000

Notes Pyabale 202
to record notes payable

1 Permits and Licenses Expense 508 20,000

Cash 101
to record the permit and license expense

1 Prepaid Rent 104 150,000

Cash 101
to record payment rent

3 Accounts Receivable 102 270,000

Professional fees 401
to record the service rendered an account

3 Office Supplies 103 30,000

Cash 101
to record the acquired office supplies

9 Cash 101 75,000

Professional fees 401
to record the service rendered for cash

9 Office Equipment 105 60,000

Cash 101
to record acquired the laptop

14 Cash 101 270,000

Professional Fees 401
to record of full collection of accounts receivable

17 C. Chan, Drawing 302 100,000

Cash 101
to record Chan's withdrawal

21 Representation Expense 504 50,000

Accounts Payable 201
to record acquisition of the representation expense on account

24 Cash 101 70,000

Unearned Revenue 203
to record cash receipt in advance
25 Accounts Receivable 102 110,000
Professional Fees 401
to record the service account

28 Accounts Receivable 102 40,000

Professional Fees 401
to record the rendered taxation service for cash

31 Salaries Expense 501 30,000

Utilities Expense 503 16,000
Cash 101
to rercord the payment for salaries and utitlities expense
Credit HOME

1,000,000

200,000

20,000

150,000

270,000

30,000

75,000

60,000

270,000

100,000

50,000

70,000
110,000

40,000

46,000
 GENERAL LEDGER
Account Cash Number

Date Item PR Debit Credit

1 to record investment 101 1,000,000
1 to record notes payable 200,000
1 to record the permit and license expense 20,000
1 to record payment rent 150,000
3 to record the acquired office supplies 30,000
9 to record the service rendered for cash 75,000
9 to record acquired the laptop 60,000
14 to record of full collection of accounts receivable 270,000
17 to record Chan's withdrawal 100,000
24 to record cash receipt in advance 70,000
31 to rercord the payment for salaries and utitlities expense 46,000
 101
Balance HOME
Debit Credit
1,000,000
1,200,000
1,180,000
1,030,000
1,000,000
1,075,000
1,015,000
1,285,000
1,185,000
1,255,000
1,209,000
 GENERAL LEDGER
Account Accounts Receivable Number 102
Balance HOME
Date Item PR Debit Credit Debit Credit
3 to record the service rendered an account 270,000 270,000
25 to record the service account 110,000 380,000
28 to record the rendered taxation service for cash 40,000 420,000
HOME
 GENERAL LEDGER
Account Office Supplies Number 103
Balance
Date Item PR Debit Credit Debit Credit
3 to record the acquired office supplies 30,000 30,000 HOME
HOME
 GENERAL LEDGER
Account Prepaid Rent Number 104 HOME
Balance
Date Item PR Debit Credit Debit Credit
1 to record payment rent 150,000 150,000
HOME
 GENERAL LEDGER
Account Office Equipent Number 105
HOME
Balance
Date Item PR Debit Credit Debit Credit
9 to record acquired the laptop 60,000 60,000
 GENERAL LEDGER
Account Accounts Payable Number 201
Balance
Date Item PR Debit Credit Debit
21 to record acquisition of the representation expense on account 50,000
 201 HOME
Balance
Credit
50,000 F
 GENERAL LEDGER
Account Notes Payable Number 202 HOME
Balance
Date Item PR Debit Credit Debit Credit
1 to record notes payable 200,000 200,000
HOME
 GENERAL LEDGER
Account Unearned Revenue Number 203 HOME
Balance
Date Item PR Debit Credit Debit Credit
24 to record cash receipt in advance 70,000 70,000
HOME
 GENERAL LEDGER
Account C. Chan, Capital Number 301 HOME
Balance
Date Item PR Debit Credit Debit Credit
to record investment 1,000,000 1,000,000
HOME
 GENERAL LEDGER
Account C. Chan, Drawing Number 302 HOME
Balance
Date Item PR Debit Credit Debit Credit
17 to record Chan's withdrawal 100,000 100,000
HOME
 GENERAL LEDGER
Account Professional Fees Number 401
Balance
Date Item PR Debit Credit Debit
3 to record the service rendered an account 270,000
9 to record the service rendered for cash 75,000
14 to record of full collection of accounts receivable 270,000
25 to record the service account 110,000
28 to record the rendered taxation service for cash 40,000
 401 HOME
Balance
Credit
270,000
345,000
615,000
725,000
765,000
 GENERAL LEDGER
Account Salaries Expense Number 501
Balance
Date Item PR Debit Credit Debit
31 to rercord the payment for salaries and utitlities expense 30,000 30,000
 501 HOME
Balance
Credit
 GENERAL LEDGER
Account Utilities Expense Number 503
Balance
Date Item PR Debit Credit Debit
31 to rercord the payment for salaries and utitlities expense 16,000 16,000
 503 HOME
Balance
Credit
 GENERAL LEDGER
Account Representation Expenses Number

Date Item PR Debit Credit

21 to record acquisition of the representation expense on account 50,000
 504 HOME
Balance
Debit Credit
50,000
 GENERAL LEDGER
Account Permits and Licenses Expenses Number 508 HOME
Balance
Date Item PR Debit Credit Debit Credit
3 to record the permit and license expense 20,000 20,000
HOME
 CHAN ACCOUNTING FIRM
Trial Balance HOME
Period
ACCOUNTS DEBIT CREDIT
101 Cash 1,209,000.00
102 Accounts Receivable 420,000.00
103 Office Supplies 30,000.00
104 Prepaid Rent 150,000.00
105 Office Equipment 60,000.00
201 Accounts Payable 50,000.00
202 Notes Payable 200,000.00
203 Unearned Revenue 70,000.00
301 C.Chan, Capital 1,000,000.00
303 C.Chan, Drawing 100,000.00
401 Professional Fees 765,000.00
501 Salaries Expense 30,000.00
503 Utilities Expense 16,000.00
504 Representation Expense 50,000.00
508 Permit and Liecense Expense 20,000.00
2,085,000.00 2,085,000.00
HOME