Joseph Landscape
Joseph Landscape
TRIAL BALANCE
December 31,2023
37,500
12,000
5,600
7,200 7,200
330 330
200,000
862,950
18,000
220,000
916,850
15,490
14,500
200 200
350,000
10,480
15,700
7,650
10,700
194,000
75,800
33,200
28,450
15,000
45,330
11,550
4,600
12,400
16,950
6,730
133,660 2,527,810 2,527,810
0 0
Expense
Dec 1 Notes Receivable
Dec 1 Sales
Dec 1 Sold Merchandise to Argem Daycare Center, 20,000
Dec 2 Purchases
Dec 2 Freight in
Dec 2 Cash In Bank
Dec 2 Accounts Payable
Dec 2 Purchased merchandise from Stephen Trading, 25,000
Dec 3 Cash In Bank
Dec 3 Accounts Receivable
Dec 3 Service Income
Dec 3 Rendered landscaping Service to Guadalupe's Garden, 30,000
Dec 4 Cash In Bank
Dec 4 Accounts Receivable
Dec 4 Freight out
Dec 4 Sales
Dec 4 Cash In Bank
Dec 4 Sold Merchandise to Emmanuel Merchandisinhg, 70,000
Dec 5 Accounts Payable
Dec 5 PURCHASE RETURNS AND ALLOWANCES
Dec 5 Issued debit memorandum, 500
Dec 6 Merchandise Inventory
Dec 6 Joseph de Jesus, Capital
Dec 6 Joseph made investment in form of merchandise, 20,000
Dec 7 Sales Returns and Allowances
Dec 7 Accounts Receivable
Dec 7 Issued credit memorandum, 1,000
Dec 8 Cash In Bank
Dec 8 Sales
Dec 8 Sold Merchandise to Rafael Novelty Shop. 50,000
Dec 9 Accounts Payable
Dec 9 Purchases Discounts
Dec 9 Cash In Bank
Dec 9 Made Partial Payment to Stephen Trading. 5,000
Dec 10 Store and Office Supplies On hand
Dec 10 Cash In Bank
Dec 10 Accounts Payable
Dec 10 Purchased additional store supplies from Gabriel supermart, 15,000
Dec 12 Accounts Payable
Dec 12 Purchases Discounts
Dec 12 Cash In Bank
Dec 12 Paid Stephen Trading in full. 9,500
Dec 15 Joseph de Jesus, Drawing
Dec 15 Merchandise Inventory
Dec 15 Joseph de Jesus, withdrew 8,000
Dec 17 Cash In Bank
Dec 17 PURCHASE RETURNS AND ALLOWANCES
Dec 17 Returned merchandise to Gabriel Supermart, 500
Dec 19 Cash In Bank
Dec 19 SALES DISCOUNTS
Dec 19 Accounts Receivable
Dec 19 Collected in full the receivable from Emmanuel Merchandising, 50,000
Dec 20 Accounts Payable
Dec 20 Purchases Discounts
Dec 20 Cash In Bank
Dec 20 Paid Gabriel Supermart in full. 9,500
Dec 26 Sales Returns and Allowances
Dec 26 Cash In Bank
Dec 26 Rafael Novelty Shop Returned defective merchandise. 1,000
Dec 28 Accounts Receivable
Dec 28 Service Income
Dec 28 Rendered landscaping Service to Shalom House of Prayer
Dec 31 Cash In Bank
Dec 31 Accounts Receivable
Dec 31 Collected in full the receivable from Emmanuel Merchandising, 15,000
b) Utilities Expense
Utilities Payable
To record unpaid utility expense for December
c) Interest expense
Interest Payable
f) Depreciation Expense
Accumulated Depreciation - Bldg
Accumulated Depreciation - Equipment
Accumulated Depreciation - Furniture And Fixture
500
500
20,000
20,000
1,000
1,000
50,000
50,000
5,000
100
4,900
15,000
5,000
10,000
9,500
190
9,310
8,000
8,000
500
500
48,510
490
49,000
9,500
190
9,310
1,000
1,000
50,000
50,000
15,000
15,000
200
200
7,200
7,200
330
330
28,580
28,580
4,600
4,600
75,800
28,800
25,000
22,000
16,950
16,950
514,660 514,660
Ex 1-2 425400 283040
Notes Receivable
PURCHASES
CASH
SERVICE INCOME
SALES DISCOUNTS
12/19 490
20,000
70,000
50,000
0 140000
FREIGHT-IN
800
800 0
ACCOUNTS PAYABLE
15,000
500
5,000
10,000
9,500
9,500
24,500 25,000
ACCOUNTS RECEIVABLE
15,000
50,000
1,000
49,000
50,000
15,000
115,000 65,000
500
500
0 1,000
MERCHANDISE INVENTORY
20,000
8,000
20,000 8,000
Purchases Discounts
100
190
190
0 480
8,000
8,000 0
0 0
0
1-4 f)
1-4 e)
Accounts Receivable, Dec31 145,000
8%
Allowance for Doubtful, End 11,600 Required
less: Allowance for Doubtful, Beg 7,000
Doubtful Accounts Expense 4,600
Beg 17,800
12/6 20,000
12/15 8,000
29,800
g) Adj 16,950
End 12,850
1-6
3
Cash Sales
Cash from landscaping services
Collections on accounts receivable
Payment of account purchaes
Payment for various operating expense
Payment of Interest
Partial Payment of bank loan (part of mortgage payable)