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This document summarizes the transactions of J Manpower Services for August 2021. It shows debits and credits to accounts including cash, supplies, prepaid rent, office equipment, transportation equipment, accounts payable, unearned service income, notes payable, Jess capital, and drawings. Major transactions include the initial investment, purchase of supplies and equipment, payment of expenses, collection of service income, and payment of salaries. The unadjusted trial balance at the end of the month shows total debits and credits of $912,100.

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Ma Elizabeth Crosa Tolibas
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119 views7 pages

Baaccen

This document summarizes the transactions of J Manpower Services for August 2021. It shows debits and credits to accounts including cash, supplies, prepaid rent, office equipment, transportation equipment, accounts payable, unearned service income, notes payable, Jess capital, and drawings. Major transactions include the initial investment, purchase of supplies and equipment, payment of expenses, collection of service income, and payment of salaries. The unadjusted trial balance at the end of the month shows total debits and credits of $912,100.

Uploaded by

Ma Elizabeth Crosa Tolibas
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Date Account Name Debit Credit

Aug-01 Cash 575,000


Jess, Capital 575,000
Aug-02 Prepaid rent 80,000
Cash 80,000
Aug-03 Office equipment 16,300
Notes payable 16,300
Aug-04 Supplies 5700
Accounts Payable 5700
Aug-05 Advertising expense 4700
Cash 4700
Aug-10 Cash 15000
Service income 15000
Aug-11 Transportation equipm 250000
Cash 15000
Notes payable 235000
Aug-15 Cash 13900
Service income 13900
Aug-19 Jess, Drawing 3200
Cash 3200
Aug-20 Cash 2000
Service income 2000
Aug-21 Miscellaneous expense 1650
Cash 1650
Aug-22 Notes receivable 19800
Service income 19800
Aug-23 Accounts payable 5700
Cash 5700
Aug-24 Utilities expense 6050
Cash 6050
Aug-25 Cash 19800
Notes receivable 19800
Aug-26 Cash 2500
Unearned service income 2500
Aug-29 Unearned service income 2500
Service income 2500
Aug-31 Salaries expense 75000
Cash 75000

J Manpower Services
Unadjusted Trial Balance
August 31,2021
PARTICULARS DEBIT CREDIT
Cash 436,900.00
Accounts Receivable -
Notes Receivable -
Supplies 5,700.00
Prepaid Rent 80,000.00
Office Equipment 48,900.00
Transportation
Equipment 250,000.00

Accounts Payable -
Unearned Service
-
Income
Notes Payable 283,900.00
Jess, Capital 575,000.00
Jess, Drawing 3,200.00
Service Income 53,200.00
Salaries Expense 75,000.00
Utilities Expense 6,050.00
Advertising Expense 4,700.00

Miscellaneous Expense 1,650.00

Total 912,100.00 912,100.00

CASH
Dr Cr
Aug. 1 Initial
575,000.00 Aug.2 Prepaid 80,000.00
investment rent
Aug. 5
Aug. 10 Service income 15,000.00 Advertising 4,700.00
expense

Aug. 11 Down
Aug. 15 Service income 13,900.00 payment of 15,000.00
equip.
Aug. 19
Aug. 20 Service income 2,000.00 Drawings 3,200.00

Aug. 21
Aug. 25 Collection of
19,800.00 Miscellaneous 1,650.00
account
expense

Aug. 23
Aug. 26 Unearned
2,500.00 Payment of 5,700.00
income
account
Aug. 24
Utilities 6,050.00
expense

Aug. 31
Salaries 75,000.00
expense
628,200.00 191,300.00
436,900.00

ACCOUNTS RECEIVABLE
Dr Cr

- -
-

NOTES RECEIVABLE
Dr Cr
Aug. 25
Aug. 27 Service income 19,800.00 Collection of 19,800.00
account
19,800.00 19,800.00
-

SUPPLIES
Dr Cr
Aug. 4 Purchase of
5,700.00
supplies
5,700.00 -
5,700.00

PREPAID RENT
Dr Cr
Aug. 2 Advance rent
80,000.00
payment
80,000.00 -
80, 000.00

OFFICE EQUIPMENT
Dr Cr
Aug. 3 Purchased
48,900.00
computers
48,900.00 -
48,900.00

TRANSPORTATION EQUIPMENT
Dr Cr
Aug. 11 Purchased A
250,00.00
VEHICLE
250,000.00 -
250,000.00

LIABILITIES

ACCOUNTS PAYABLE
Dr Cr
Aug. 4
Aug. 23 Payment of 5,700.00 Purchase of 5,700.00
account
supplies
5,700.00 5,700.00
-

UNEARNED SERVICE INCOME


Dr Cr
Aug. 26
Aug. 29 Rendered
2,500.00 Unearned 2,500.00
service
income
2,500.00 2,500.00
-

NOTES PAYABLE
Dr Cr
Aug. 3
Acquisition of 48,900.00
equip.

Aug. 11
Acquisition of 235,000.00
trans.
- 283,900.00
283,900.00

OWNER’S EQUITY
JESS, CAPITAL
Dr Cr
Aug. 1 Initial
575,000.00
investment
- 575,000.00
575,000.00

JESS DRAWING
Dr Cr
Aug. 19 Personal
Withdrawal 3,200.00

3,200.00 -
3,200.00

REVENUE
SERVICE INCOME
Dr Cr
Aug. 10
Rendered 15,000.00
Service

Aug. 15
Rendered 13,900.00
Service

Aug. 20
Rendered 2,000.00
Service

Aug. 22
Rendered 19,800.00
Service

Aug. 29
Rendered 2,500.00
Service
53,200.00
53,200.00

EXPENSES

SALARIES EXPENSE
Dr Cr
Aug. 31 Paid salaries 75,000.00
75,000.00 -
75,000.00

UTILITIES EXPENSE
Dr Cr
Aug. 24 Paid utilities
6,050.00
expense
6,050.00 -
6,050.00

ADVERTISING EXPENSE
Dr Cr
Aug. 5 Paid advertising
4,700.00
exp.
4,700.00 -
4,700.00

MISCELLANEOUS EXPENSE
Dr Cr
Aug. 21 Paid
miscellaneous 1,650.00

1,650.00 -
1,650.00
ASSETS

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