Accounting Principle: Journal Entries, General Ledger, Adjusted Trial Balance, Income Statement, Retained Earnings Statement, Balance Sheet

Running head: ACCOUNTING PRINCIPLE
Accounting Principle
Name of the Student:
Name of the University:
Author’s Note:

1ACCOUNTING PRINCIPLE
Table of Contents
Journal Entries:................................................................................................................................2
General Ledger:...............................................................................................................................3
Adjusted Trial Balance:...................................................................................................................7
Income Statement:...........................................................................................................................7
Retained Earnings Statement:..........................................................................................................8
Balance Sheet:.................................................................................................................................8
Bibliography:.................................................................................................................................10

2ACCOUNTING PRINCIPLE
Journal Entries:
In the books of ......
Journal Entries
Dr. Cr.
Date Particulars
Amoun
t
Amoun
t
December
Transactions:
06-Dec
Salaries & Wages Payable
A/c. Dr. $1,000
Salaries & Wages Expenses
A/c. Dr. $600
To, Cash A/c. $1,600
08-Dec Cash A/c. Dr. $1,900
To, Accounts Receivable A/c. $1,900
10-Dec Cash A/c. Dr. $6,300
To, Sales Revenue A/c. $6,300
Cost of Goods Sold A/c. Dr. $4,100
To, Inventory A/c. $4,100
13-Dec Inventory A/c. Dr. $9,000
To, Accounts Payable A/c. $9,000
15-Dec Supplies A/c. Dr. $2,000
To, Cash A/c. $2,000
18-Dec Accounts Receivable A/c. Dr.
$12,00
0
To, Sales Revenue A/c.
$12,00
0
Cost of Goods Sold A/c. Dr. $8,000
To, Inventory A/c. $8,000
20-Dec
Salaries & Wages Expenses
A/c. Dr. $1,800
To, Cash A/c. $1,800
23-Dec Accounts Payable A/c. Dr. $9,000

3ACCOUNTING PRINCIPLE
To, Cash A/c. $9,000
27-Dec Cash A/c. Dr.
$11,64
0
Sales Discounts A/c. Dr. $360
To, Accounts Receivable A/c.
$12,00
0
Adjustment Entries:
31-Dec
Salaries & Wages Expense
A/c. Dr. $800
To,
Salaries & Wages Payable
A/c. $800
Depreciation Expense A/c. Dr. $200
To, Accumulated Depreciation -
Equipment A/c. $200
Supplies Expense A/c. Dr. $1,700
To, Supplies A/c. $1,700
General Ledger:
Dr. Cash A/c. Cr.
Date Particulars
Amoun
t Date Particulars
Amoun
t
01-Dec To, Balance b/d $7,200
06-
Dec By, Salaries & Wages Payable A/c. $1,000
08-Dec To, Accounts Receivable A/c. $1,900 By, Salaries & Wages Expenses A/c. $600
10-Dec To, Sales Revenue A/c. $6,300
15-
Dec By, Supplies A/c. $2,000
27-Dec To, Accounts Receivable A/c. $11,640
20-
Dec By, Salaries & Wages Expenses A/c. $1,800
23-
Dec By, Accounts Payable A/c. $9,000
31-
Dec By, Balance c/d $12,640
$27,040 $27,040
Dr. Accounts Receivable A/c. Cr.
Date Particulars Amoun Date Particulars Amoun