Page 99 - Accounting Principles (A Business Perspective)
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2. Recording business transactions
Date Explanation Post Debt Credit Balance
Ref.
2010 June 30 Balance 4 0 0 0 0 Cr
Capital Stock Account No. 300
Date Explanation Post Debt Credit Balance
Ref.
2010 June 30 Balance 1 0 0 0 0 Cr
July 1 Cash G1 2 5 0 0 0 3 5 0 0 0 Cr
Retained Earnings Account No. 310
Date Explanation Post Debt Credit Balance
Ref.
2010 June 30 Balance 2 1 0 0 Cr
Dividends Account No. 320
Date Explanation Post Debt Credit Balance
Ref.
2010 July 31 Cash G1 1 0 0 0 1 0 0 0 Dr
Horse Boarding Fee Revenue Account No. 402
Date Explanation Post Debt Credit Balance
Ref.
2010 July 15 Accounts receivable G1 4 5 0 0 4 5 0 0 Cr
Riding and Lesson Fee Revenue Account No. 404
Date Explanation Post Debt Credit Balance
Ref.
2010 July 31 Accounts receivable G1 3 6 0 0 3 6 0 0 Cr
General Ledger (concluded)
Salaries Expense Account No. 507
Date Explanation Post Debt Credit Balance
Ref.
2010 July 31 Cash G1 1 4 0 0 1 4 0 0 Dr
Feed Expense Account No. 513
Date Explanation Post Debt Credit Balance
Ref.
2010 July 12 Accounts payable G1 1 1 0 0 1 1 0 0 Dr
Interest Expense Account No. 540
Date Explanation Post Debt Credit Balance
Ref.
2010 July 31 Cash G1 2 0 0 2 0 0 Dr
Miscellaneous Expense Account No. 568
Date Explanation Post Debt Credit Balance
Ref.
2010 July 24 Cash G1 8 0 0 8 0 0 Dr
c. GREEN HILLS RIDING STABLE, INCORPORATED
100
