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The document outlines a series of journal entries for various transactions occurring in June, including cash inflows and outflows, expenses, and revenue. It also provides a ledger for each account affected by these transactions, detailing debits and credits. Finally, an unadjusted trial balance as of June 30, 2024, shows equal totals for debits and credits, indicating balanced accounts.

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9 views

Answers Accouting

The document outlines a series of journal entries for various transactions occurring in June, including cash inflows and outflows, expenses, and revenue. It also provides a ledger for each account affected by these transactions, detailing debits and credits. Finally, an unadjusted trial balance as of June 30, 2024, shows equal totals for debits and credits, indicating balanced accounts.

Uploaded by

hafidelhassanialaoui
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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1.

Journalizing the Transactions

June 1:
De:Cash (Bank Account) +MAD 20,000
De: Office Furniture - MAD 5,000
Cr: Capital +MAD 25,000
June 4:
De: Rent Expense - MAD 2,400
Cr: Cash - MAD 2,400
June 4:
De: Computer Systems - MAD 7,500
Cr: Accounts Payable - MAD 7,500
June 11:
De: Car - MAD 12,000
Cr: Cash - MAD 8,000
Cr: Notes Payable - MAD 4,000
June 11:
De: Cash - MAD 9,500
Cr: Service Revenue - MAD 9,500
June 15:
De: Supplies - MAD 1,350
Cr: Cash - MAD 1,350
June 17:
De: Accounts Receivable - MAD 6,750
Cr: Service Revenue - MAD 6,750
June 19:
De: Drawings - MAD 500
Cr: Cash - MAD 500
June 21:
De: Insurance expenses MAD 1,100
Cr: Cash - MAD 1,100
June 26:
De: Utilities expenses - MAD 1,050
Cr: Cash - MAD 1,050
June 27:
De: Car Expenses - MAD 750
Cr: Accounts Payable - MAD 750
June 28:
De: Cash - MAD 4,750
Cr: Accounts Receivable - MAD 4,750
June 29:
De: Salaries - MAD 3,100
Cr: Cash - MAD 3,100
June 30:
De: Telephone Expenses - MAD 650
Cr: Cash - MAD 650
June 30:
De: Accounts Payable - MAD 5,000
Cr: Cash - MAD 5,000

2. Post Journal entries to the ledger

Cash
----------------------​
June 1 | 20,000 ​
June 11| 9,500 ​
June 28| 4,750
----------------------​
Total: 34,250

June 4 | 2,400
June 15| 1,350
June 19| 500​
June 21| 1,100​
June 26| 1,050
June 29| 3,100​
June 30| 650​
June 30| 5,000​
----------------
Total: 15,100​

Balance: 19,150 (Debit)

Office Furniture
----------------------
June 1 | 5,000
----------------------
Balance: 5,000 (Debit)

Habibi, Capital
----------------------
June 1 | 25,000
----------------------
Balance: 25,000 (Credit)

Rent Expense
----------------------
June 4 | 2,400
----------------------
Balance: 2,400 (Debit)

Computer Systems
----------------------
June 4 | 7,500
----------------------
Balance: 7,500 (Debit)
Accounts Payable
----------------------
June 30| 5,000
----------------------
Total: 5,000

June 4 | 7,500
June 27| 750
----------------------
Total: 8,250

Balance: 3,250 (Credit)

Car
----------------------
June 11| 12,000
----------------------
Balance: 12,000 (Debit)

Notes Payable
----------------------
June 11| 4,000
----------------------
Balance: 4,000 (Credit)

Service Revenue
----------------------
June 11| 9,500
June 17| 6,750
----------------------
Balance: 16,250 (Credit)

Supplies
----------------------
June 15| 1,350
----------------------
Balance: 1,350 (Debit)

Accounts Receivable
----------------------
June 17| 6,750
----------------------
Total: 6,750

June 28| 4,750


----------------------
Total: 4,750

Balance: 2,000 (Debit)

Habibi, Drawings
----------------------
June 19| 500
----------------------
Balance: 500 (Debit)

Insurance Expense
----------------------
June 21| 1,100
----------------------
Balance: 1,100 (Debit)

Utilities Expense
----------------------
June 26| 1,050
----------------------
Balance: 1,050 (Debit)

Car Expenses
----------------------
June 27| 750
----------------------
Balance: 750 (Debit)

Salaries Expense
----------------------
June 29| 3,100
----------------------
Balance: 3,100 (Debit)

Telephone Expense
----------------------
June 30| 650
----------------------
Balance: 650 (Debit)

3. Unadjusted Trial Balance as of June 30, 2024

Account Name
Credit Debit ​
​
Cash | 19,150
​
Office Furniture | 5,000
​
Habibi, Capital | 25,000​
Rent Expense | 2,400
​
Computer Systems | 7,500
​
Accounts Payable | 3,250​
Car | 12,000
​
Notes Payable | 4,000​
Service Revenue | 16,250​
Supplies | 1,350
​
Accounts Receivable | 2,000
​
Habibi, Drawings | 500
​
Insurance Expense | 1,100
​
Utilities Expense | 1,050
​
Car Expenses | 750
​
Salaries Expense | 3,100
​
Telephone Expense | 650
​
Total: | 56,550 56,550

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