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Accounting, Finance, SPSS
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Topic:
High Flying Biplane June, 2016 Journal Entries, Ledger Accounts, and Trial Balance
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High Flying Biplane June, 2016 Journal Entries, Ledger Accounts, and Trial Balance
Student Name
University
Course
Professor Name
Date
High Flying Biplane June, 2016 Journal Entries, Ledger Accounts, and Trial Balance
High Flying Biplane Journal Entries for the Month Ended 30 June, 2016
Month
Date
Particulars
Ledger
Debit ($)
Credit ($)
June
1
Cash Account
Capital Account
(Being cash invested into the business)
101
300
5,000
5,000
June
2
Cash Account
Unearned Revenue Account
(Being cash for tours that will be provided in August)
101
210
1,500
1,500
June
3
Advertising
Cash
(Being cash for advertising bill that will be paid next month)
500
101
400
400
June
4
Telephone
Cash
(Being cash paid for telephone bill)
550
101
200
200
June
10
Accounts receivable
Service revenue
(Being for tours provided to customer who will pay next month)
105
400
2,400
2,400
June
14
Equipment
Cash
(Being cash for equipment purchased)
120
101
4,000
4,000
June
20
Cash
Accounts receivable
(Being cash received from customers paying their accounts)
101
105
1,600
1,600
June
22
Accounts payable
Cash
(Being cash paid towards accounts payable)
200
101
900
900
June
24
Bank loan
Cash
(Being cash paid towards a bank loan principal)
215
101
1,000
1,000
June
30
Drawings
Cash
(Being cash drawings for personal use)
310
101
1,200
1,200
High Flying Biplane Ledger Accounts for the Month Ended 30 June, 2016
Cash Account
Debit
Credit
Date
Folio
Particulars
Amount ($)
Date
Folio
Particulars
Amount ($)
June 1
300
Balance b/d
Capital
8,000
5,000
June 3
June 4
500
550
Advertising
Telephone
400
200
June 2
210
Unearned Revenue
1,500
June 14
120
Equipment
4,000
June 20
105
Accounts receivable
1,600
June 22
200
Accounts payable
900
June 24
215
Bank loan
1,000
June 30
310
Drawings
1,200
June 30
Balance c/d
8,400
June 30
16,100
June 30
16,100
Accounts Receivable Account
Debit
Credit
Date
Folio
Particulars
Amount ($)
Date
Folio
Particulars
Amount ($)
June 1
Balance b/d
6,000
June 20
101
Cash
1,600
June 10
400
Service r...
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