Date Account Debit Credit
Dec 1 Cash 200000 0
Dec 1 Capital Sto 0 200000
Dec 1 Rental Equ 240000 0
Dec 1 Cash 140000 100000
Dec 4 Office Supp 1000 0
Dec 8 Unearned R 8000 0
Dec 12 Salaries E 5200 0
Dec 15 Cash 12000 0
Dec 15 Rental Fee 0 18000
Dec 17 Maintenan 600 0
Dec 23 Accounts R 2000 0
Dec 26 Salaries E 5200 0
Dec 26 Accounts R 250 250
Dec 27 Accounts P 600 0
Dec 28 Dividends 2000 0
Dec 29 No Entry R 0 0
Dec 31 Utilities E 700 0
Dec 31 Rental Fee 20000 0
Account Date Description Debit Credit Balance
Cash Dec 1 Initial Inv 200000 0 200000
Capital StoDec 1 Issued Stoc 0 200000 200000
Rental EquDec 1 Purchased 240000 0 240000
Unearned RDec 8 Advance P 8000 0 8000
Salaries E Dec 12 Salaries Pa 5200 0 -5200
Rental FeeDec 15 Rental Fee 0 18000 18000
Office SuppDec 4 Purchased 1000 0 1000
Utilities E Dec 31 Utilities Bil 700 0 -700
Cash Dec 1 Initial Inv 200000 0 200000
Capital StoDec 1 Issued Stoc 0 200000 200000
Rental EquDec 1 Purchased 240000 0 240000
Unearned RDec 8 Advance P 8000 0 8000
Salaries E Dec 12 Salaries Pa 5200 0 -5200
Rental FeeDec 15 Rental Fee 0 18000 18000
Office SuppDec 4 Purchased 1000 0 1000
Utilities E Dec 31 Utilities Bil 700 0 -700
Account Debit Credit
Cash 65000 0
Capital Sto 0 200000
Rental Equ 240000 0
Unearned R 0 8000
Salaries E 10400 0
Rental Fee 0 38000
Office Supp 1000 0
Utilities E 700 0
Date Account Debit Credit
Dec 31 Rent Expen 4000 0
Dec 31 Interest E 500 0
Dec 31 Depreciati 2500 0
Dec 31 Office Supp 400 0
Dec 31 Unearned R 3700 0
Dec 31 Rental Fee 1500 1500
Dec 31 Salaries E 1400 0
Dec 31 Income Tax 9600 0
Account
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Note
Depreciation Policy
Depreciation is calculated using the straight-line method over 8 years.
Liability MaturityMajor
Dates liabilities are due on November 30, 2012.
Pending Litigation
The company has a potential liability due to a $25,000 lawsuit filed on December 29, 2011.
Date Account Debit Credit
