Accounting Project Report with General Journal Entries

Running Head: Accounting
1
Project Report: Accounting

Accounting
2
Que 1:
Normal View:
General Journal - Period Jan 1 to Dec 31, 2018
Date Description PR Debit Credit
Jan-
01 Cash a/c 25000
Common stock a/c 25000
(being issue of common stock)
Mar-
01 Prepaid rent 8400
Cash a/c 8400
(Being rent paid in advance)
Apr-
14 Purchase a/c 400
accounts payable 400
(Being purchase made on account)
Jun-
30 Cash a/c 12000
Prepaid service 12000
(Being cash received in advance)
Jul-05 Accounts payable a/c 300
Cash a/c 300
(Being accounts payable amount paid.)
Aug-
01 Accounts receivable a/c 4800
Services a/c 4800
(Being services offered.)
Aug-
08 Cash a/c 1600
Accounts receivable 1600
(Being partially payment made.)
Sep-
01 Salaries a/c 18000

Accounting
3
Cash a/c 18000
(Being salaries paid)
Sep-
09 Cash a/c 4250
Accounts receivable 4250
(being cash received)
Oct-
05 Accounts receivable a/c 17000
Services a/c 17000
(Being services offered.)
Nov-
02 Dividend a/c 500
Cash a/c 500
(Being dividend paid)
Dec-
31 Salaries a/c 1100
Outstanding salaries 1100
(Being accrued salaries recorded.)
Dec-
31 Rent a/c 4200
Prepaid rent 4200
(Being rent amount recorded.)
Formula View:
General Journal - Period Jan 1 to Dec 31, 2018
Date Description
P
R Debit Credit
36892 Cash a/c 25000
Common stock a/c =E6
(being issue of common stock)
36951 Prepaid rent 8400
Cash a/c =E10
(Being rent paid in advance)