RodriguezAngelA01M5 Assignment
.odt
School
Penn Foster College**We aren't endorsed by this school
Course
ACC PRINCIPLES
Subject
Accounting
Date
Dec 17, 2024
Pages
3
Uploaded by DeanGoatPerson1153
Introduction to AccountingAngel Rodriguez2308179X9P M5 AssignmentOctober 23, 2024
Berks AccountingGeneral Journal DateAccount Titles and ExplanationDebitCreditMay. 1CashComputerM. Berk, Capital Owner investment into the business20 0002 00022 0002Office FurnitureAccounts Payable 6 0006 000Purchased office furniture on credit3CashService revenue cash received for providing accounting service2 0002 0004Accounts PayableCashPaid 50% of balance owing to supplier for Office furniture3 0003 0005Account Receivable Service revenueprovided accounting service on credit3 0003 0006M. Berk, WithdrawalCashCash withdrawal by Owner3 5003 5007Cash receivedAccount ReceivablePartial payment for accounting service provided on 5thMay2 0002 0008Salary ExpenseCashPaid salary to secretary1 2001 20042 70042 700
Berk’s AccountingTrial Balance May 31AccountDebitCreditCash16 300Account Receivable3 000Office Furniture6 000Accounts Payable3 000M. Berk, Capital22 000Service Revenue5 000M. Berk, Withdrawal1 2003 50030 000 30 000