Cline Attorney At law
July 1, 2015 Cash …………. Debit $ 75,000
Common stock……Credit $ 75,000
July 1, 2015 Supplies……….Debit $1,500
Accounts payable….Credit $ 1,500
July 1, 2015 Prepaid Rent… Debit $ 12,000
Cash…………..Credit $ 12,000
July 2, 2015 Account receivable….Debit $5,500
Legal Revenue …Credit $ 5,500
July 3, 2015 Office Equipment…Debit $12,000
Accounts Payable..Credit $12,000
July 5, 2015 Cash..Debit $9,600
Unearned Fees..Credit $9,600
July 6, 2015 Prepaid Insurance…Debit $1,200
Cash….Credit $1,200
July 7, 2015 Account Receivable Debit $2,500
Legal Revenue Credit $2,500
July 8, 2015 Cash….Debit $3,000
Accounts receivable…Credit $3,000
July 10, 2015 Advertising expense…Debit $450
Cash………..Credit $450
July 12, 2015 Accounts Payable….Debit $2,200
Cash Credit….Credit $2,200
July 14,2015 Accounts Receivable…..Debit $6,700
Legal Revenue …Credit $6,700
July 15, 2015 Salary Expense…..Debit $1,600
Cash….Credit $1,600
July 17,2015 Cash…Debit $1,000
Accounts Receivable…Credit $1,000
July 18, 2015 Supplies…Debit $700
Cash…..Credit $700
July 20, 2015 Telephone expense….Debit $450
Cash……Credit $450
July 23, 2015 Electric expense….Debit $830
Cash…..Credit $830
July 25, 2015 Legal Revenue…..Debit $2,500
Accounts payable. Credit $2,500
July 27,2015 Accounts payable. Debit $1,000
Cash…..Credit $1,000
July 28, 2015 Advertising expense…Debit $500
Cash…Credit $500
July 30, 2015 Cash….Debit $3,000
Accounts Receivable. Credit $3,000
July 30,2015 Salaries expense….Debit $1,600
Cash…………………………..Credit $1,600
July 30, 2015 Dividends…..Debit $200
Cash……..Credit $200
2. Prepare an unadjusted trial balance
3. Prepare the following adjusting entries at July 31:
a. Insurance expired during July is $ 400.
b. Supplies on hand on July 31 are $ 1,475.
c. Depreciation of Office Equipment is $ 250.
d. Accrued receptionist salary on July 31, $100.
e. Rent expired during July is $2,000.
f. Unearned fees earned on July is $2,400.
4. Prepare an adjusted trial balance .
Prepare unadjusted trail balance and adjusted trail balance,