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    8 10

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    Kayle Mallillin
    The document shows accounting transactions from September 2-30 for a laundry service business. It records cash receipts from services, equipment purchases, loan and capital amounts. By September 30th, the business had $319,700 cash, $5.25 million in delivery vehicles, $133,800 in accounts receivable and $5.06 million in accounts payable. Revenues of $375,000 were generated over the month from laundry services.

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    8 10

    Uploaded by

    Kayle Mallillin
    51 views4 pages
    The document shows accounting transactions from September 2-30 for a laundry service business. It records cash receipts from services, equipment purchases, loan and capital amounts. By September 30th, the business had $319,700 cash, $5.25 million in delivery vehicles, $133,800 in accounts receivable and $5.06 million in accounts payable. Revenues of $375,000 were generated over the month from laundry services.

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    The document shows accounting transactions from September 2-30 for a laundry service business. It records cash receipts from services, equipment purchases, loan and capital amounts. By September 30th, the business had $319,700 cash, $5.25 million in delivery vehicles, $133,800 in accounts receivable and $5.06 million in accounts payable. Revenues of $375,000 were generated over the month from laundry services.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    51 views4 pages

    8 10

    Uploaded by

    Kayle Mallillin
    The document shows accounting transactions from September 2-30 for a laundry service business. It records cash receipts from services, equipment purchases, loan and capital amounts. By September 30th, the business had $319,700 cash, $5.25 million in delivery vehicles, $133,800 in accounts receivable and $5.06 million in accounts payable. Revenues of $375,000 were generated over the month from laundry services.

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    Date Account Title PR Debit Credit

    Sept. 2 Cash 120,000


    Laundry Equipment 45,000
    Furnitures & Fixtures 25,000
    Office Supplies 4,200
    Laundry Supplies 6,000
    Jordan, Capital 200,200
    Sept. 8 Laundry Equipment 40,000
    Cash 12,000
    Accounts Payable 28,000
    Sept. 10 Cash 117,000
    Accounts Receivable 78,000
    Laundry Service Revenue 195,000
    Sept. 12 Cash 220,000
    Loan Payable 220,000
    Sept. 14 Delivery Vehicle 5,250,000
    Cash 220,000
    Accounts Payable 5,030,000
    Sept. 15 Utilities Expense 34,000
    Repair Expense 3,500
    Cash 37,500
    Sept. 18 Accounts Receivable 126,000
    Notes receivable 54,000
    Service Revenue 180,000
    Sept. 20 Cash 90,000
    Advances 90,000
    Sept. 22 Cash 70,200
    Accounts Receivable 70,200
    Sept. 26 Laundry Supplies 12,000
    Cash 8,000
    Accounts Payable 4,000
    Sept. 28 Accounts Payable 2,000
    Laundry Supplies 2,000
    Sept. 30 Wages Expense 20,000
    Cash 20,000
    8-10
    Cash (A)
    Dr Cr
    120,000 12,000
    117,000 220,000
    220,000 37,500
    70,200 8,000
    90,000 20,000
    Total 617,200 Total 297,500
    Balance: 319,700

    Laundry Equipment (A)


    Dr Cr
    45,000
    40,000
    Total 85,000 Total
    Balance: 85,000

    Furniture & Fixture (A)


    Dr Cr
    25,000
    Total 25,000 Total
    Balance: 25,000

    Office Supplies (A)


    Dr Cr
    4,200
    Total 4,200 Total
    Balance: 4,200

    Laundry Supplies (A)


    Dr Cr
    6,000 2,000
    12,000
    Total 18,000 Total 2,000
    Balance: 16,000

    Owner’s Capital (E)


    Dr Cr
    200,200
    Total Total 200,200
    Balance: 200,200
    Accounts Payable (L)
    Dr Cr
    2,000 28,000
    5,030,000
    4,000
    Total 2,000 Total 5,062,000
    Balance: 5,060,000

    Loan Payable (L)


    Dr Cr
    220,000
    Total Total 220,000
    Balance: 220,000

    Accounts Receivable (A)


    Dr Cr
    78,000 78,000
    126,000
    2,000
    Total 206,000 Total 78,000
    Balance: 128,000

    Delivery Vehicle (A)


    Dr Cr
    5,250,000
    Total 5,250,000 Total
    Balance: 5,250,000

    Laundry Services Revenue (E)


    Dr Cr
    195,000
    180,000
    Total Total 375,000
    Balance: 375,000

    Utilities Expense (E)


    Dr Cr
    34,000
    Total 34,000 Total
    Balance: 34,000
    Repairs Expense (E)
    Dr Cr
    3,500
    Total 3,500 Total
    Balance: 3,500

    Notes Receivable (A)


    Dr Cr
    54,000
    Total 54,000 Total
    Balance: 54,000

    Advances (L)
    Dr Cr
    90,000
    Total Total 90,000
    Balance: 90,000

    Wage Expense (E)


    Dr Cr
    20,000
    Total 20,000 Total
    Balance: 20,000

    A/C DR CR
    Cash 319,700
    Laundry Equipment 85,000
    Furniture & Fixtures 25,000
    Office Supplies 4,200
    Laundry Supplies 16,000
    Accounts Receivable 133,800
    Delivery Vehicle 5,250,000
    Notes Receivable 54,000
    Utilities Expense 34,000
    Repairs Expense 3,500
    Wage Expense 20,000
    Accounts Payable 5,060,000
    Loans Payable 220,000
    Advances from Clients 90,000
    Jordan, Capital 200,200
    Laundry Services Revenue 375,000
    5,945,200 5,945,200

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