Page 98 - Accounting Principles (A Business Perspective)

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31 Accounts Receivable (+A) 103 3 6 0 0
Riding and Lesson Fee Revenue (+SE) 404 3 6 0 0
Billed riding and lesson fees for July.

31 Dividends (-SE) 320 1 0 0 0
Cash (-A) 100 1 0 0 0
Paid a dividend to stockholders.

b. GREEN HILLS RIDING STABLE, INCORPORATED
General Ledger
Land Account No. 100

Date Explanation Post Debt Credit Balance
Ref.
2010 June 30 Balance 7 5 0 0 0 Dr
July 1 Stockholders' investment G1 2 5 0 0 0 3 2 5 0 0 Dr
1 Buildings G1 2 4 0 0 0 8 5 0 0 Dr
8 Accounts payable G1 8 0 0 7 7 0 0 Dr
10 Accounts receivable G1 5 4 0 0 1 3 1 0 0 Dr
24 Miscellaneous expense G1 8 0 0 1 2 3 0 0 Dr
31 Interest expense G1 2 0 0 1 2 1 0 0 Dr
31 Salaries expense G1 1 4 0 0 1 0 7 0 0 Dr
31 Dividends G1 1 0 0 0 9 7 0 0 Dr

Accounts Receivable Account No. 103

Date Explanation Post Debt Credit Balance
Ref.
2010 June 30 Balance 5 4 0 0 Dr
July 10 Cash G1 5 4 0 0 - 0 -
15 Horse boarding fees G1 4 5 0 0 4 5 0 0 Dr
31 Riding and lessons fees G1 3 6 0 0 8 1 0 0 Dr

Land Account No. 130
Date Explanation Post Debt Credit Balance
Ref.
2010 June 30 Balance 4 0 0 0 0 Dr

Buildings Account No. 140

Date Explanation Post Debt Credit Balance
Ref.
2010 July 1 Cash G1 2 4 0 0 0 2 4 0 0 0 Dr

Accounts Payable Account No. 200

Date Explanation Post Debt Credit Balance
Ref.
2010 June 30 Balance 8 0 0 Cr
July 8 Cash G1 8 0 0 - 0 -
12 Feed expense G1 1 1 0 0 1 1 0 0 Cr

General Ledger (continued)
Notes Payable Account No. 201

Accounting Principles: A Business Perspective 99 A Global Text