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ACC 6050 Module 2 General Ledgers

This document contains sample general ledger account entries for a business over the month of April. It includes accounts for cash, accounts receivable, office supplies, prepaid insurance, computer equipment, accumulated depreciation, salaries payable, owner's capital, withdrawals, fees earned (revenue), depreciation expense, salaries expense, insurance expense, rent expense, office supplies expense, repairs expense, and telephone expense. The document provides debit and credit amounts for transactions in each account, along with running balances.

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Bryan Moore
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519 views4 pages

ACC 6050 Module 2 General Ledgers

This document contains sample general ledger account entries for a business over the month of April. It includes accounts for cash, accounts receivable, office supplies, prepaid insurance, computer equipment, accumulated depreciation, salaries payable, owner's capital, withdrawals, fees earned (revenue), depreciation expense, salaries expense, insurance expense, rent expense, office supplies expense, repairs expense, and telephone expense. The document provides debit and credit amounts for transactions in each account, along with running balances.

Uploaded by

Bryan Moore
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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ACC 6050: Accounting and Financial Reporting

Module 2 - Financial Reporting Requirements


General Ledgers

Account Name Cash No 101


Date Item PR Debit Credit Balance
Apr 1 Owners Investment J1 50,000 50,000
Apr 2 Paid Office Rent J1 2,000 48,000
Apr 3 Paid for Office Supplies J1 1,700 46,300
Apr10 Bought Insurance Policy J1 2,000 44,300
Aor14 Paid Employee Salaries J1 800 43,500
Apr24 Performed Salaries J1 19,000 62,500
Apr28 Paid Employee Salaries J1 800 61,700
Apr29 Paid for Repairs J1 300 61,400
Apr30 Paid Telephone Bill J1 1,450 59,950
Apr30 Bperson Withdraw J1 1,600 58,350

Account Name Accounts Receivable No 106


Date Item PR Debit Credit Balance
Apr30 Adjustment J1 1,520 1,520

Account Name Office Supplies No 124


Date Item PR Debit Credit Balance
Apr 3 Office Supplies J1 1,700 1,700
Apr30 Adjustment J1 1,300 400

Account Name Prepaid Insurance No 128


Date Item PR Debit Credit Balance
Apr10 Purchased Insurance J1 2,000 2,000
Policy
Apr30 Adjustment J1 117.00 1,883

Account Name Computer Equipment No 167


Date Item PR Debit Credit Balance
Apr 1 Owner’s Investment J1 25,000 25,000

Page 1​ of 4
ACC 6050: Accounting and Financial Reporting
Module 2 - Financial Reporting Requirements
General Ledgers

Account Name Accumulated Depreciation – Computer Equip. No 168


Date Item PR Debit Credit Balance
Apr30 Adjustment J1 600 600

Account Name Salaries Payable No 209


Date Item PR Debit Credit Balance
Apr30 Adjustment J1 450 450

Account Name Bperson Capital No 301


Date Item PR Debit Credit Balance
Apr 1 Owner’s Investment J1 75,000 75,000

Account Name Bperson, Withdraws No 302


Date Item PR Debit Credit Balance
Apr30 Bperson Withdraw J1 1,600 1,600

Account Name Fees Earned (Revenue) No 405


Date Item PR Debit Credit Balance
Apr24 Performed Services J1 19,000 19,000
Apr30 Adjustment J1 1,520 20,520

Account Name Depreciation Expense Computer Equipment No 612


Date Item PR Debit Credit Balance
Apr30 Adjustment J1 600 600

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ACC 6050: Accounting and Financial Reporting
Module 2 - Financial Reporting Requirements
General Ledgers

Account Name Salaries Expense No 622


Date Item PR Debit Credit Balance
Apr14 Paid Employee J1 800 800
Salaries
Apr28 Paid Employee J1 800 1,600
Salaries
Apr30 Adjustment J1 450 2,050

Account Name Insurance Expense No 637


Date Item PR Debit Credit Balance
Apr30 Adjustment J1 11700 117.00

Account Name Rent Expense No 640


Date Item PR Debit Credit Balance
April2 Rent Expense J1 2,000 2,000

Page 3​ of 4
ACC 6050: Accounting and Financial Reporting
Module 2 - Financial Reporting Requirements
General Ledgers

Account Name Office Supplies Expense No 650


Date Item PR Debit Credit Balance
Apr30 Adjustment J1 1,300 1,300

Account Name Repairs Expense No 684


Date Item PR Debit Credit Balance
Apr29 Paid for repairs J1 300 300

Account Name Telephone Expense No 688


Date Item PR Debit Credit Balance
Apr30 Paid phone bill J1 1,450

Page 4​ of 4

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