Page 91 - Accounting Principles (A Business Perspective)
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2. Recording business transactions
General Ledger Page 3
Dividends Account No. 320
Date Explanation Post Debt Credit Balance
Ref.
2010 Dec. 31 Cash G2 3 0 0 0 3 0 0 0 Dr
Service Revenue Account No. 400
Date Explanation Post Debt Credit Balance
Ref.
2010 Dec. 15 Cash G1 5 0 0 0 5 0 0 0 Cr
20 On account G2 5 7 0 0 1 0 7 0 0 Cr
Advertising Expense Account No. 505
Date Explanation Post Debt Credit Balance
Ref.
2010 Dec. 24 On account G2 5 0 5 0 Dr
Gas and Oil Expense Account No. 506
Date Explanation Post Debt Credit Balance
Ref.
2010 Dec. 30 On account G2 6 8 0 6 8 0 Dr
Salaries Expense Account No. 507
Date Explanation Post Debt Credit Balance
Ref.
2010 Dec. 28 Cash paid G2 3 6 0 0 3 6 0 0 Dr
Utilities Expense Account No. 511
Date Explanation Post Debt Credit Balance
Ref.
2010 Dec. 29 Cash paid G2 1 5 0 1 5 0 Dr
Exhibit 12: General ledger - Extended illustration
92
