Problem 4-9A

GENERAL JOURNALPAGE 1

date / description / POST. ref. / debit / credit
1 / 20--Jan. / 1 / Cash / 101 / 10 / 0 / 0 / 0 / 00 / 1
2 / Annette Creighton, Capital / 311 / 10 / 0 / 0 / 0 / 00 / 2
3 / Original investment in the business / 3
4 / 4
5 / 1 / Rent Expense / 521 / 5 / 0 / 0 / 00 / 5
6 / Cash / 101 / 5 / 0 / 0 / 00 / 6
7 / Paid rent / 7
8 / 8
9 / 2 / Office Supplies / 142 / 3 / 0 / 0 / 00 / 9
10 / Accounts Payable / 202 / 3 / 0 / 0 / 00 / 10
11 / Purchased office supplies / 11
12 / 12
13 / 4 / Office Equipment / 181 / 1 / 5 / 0 / 0 / 00 / 13
14 / Accounts Payable / 202 / 1 / 5 / 0 / 0 / 00 / 14
15 / Purchased office equipment / 15
16 / 16
17 / 6 / Cash / 101 / 5 / 8 / 0 / 00 / 17
18 / Consulting Fees / 401 / 5 / 8 / 0 / 00 / 18
19 / Earned consulting fees / 19
20 / 20
21 / 7 / Telephone Expense / 525 / 4 / 2 / 00 / 21
22 / Cash / 101 / 4 / 2 / 00 / 22
23 / Paid telephone bill / 23
24 / 24
25 / 8 / Utilities Expense / 533 / 3 / 8 / 00 / 25
26 / Cash / 101 / 3 / 8 / 00 / 26
27 / Paid utilities bill / 27
28 / 28
29 / 10 / Cash / 101 / 3 / 6 / 0 / 00 / 29
30 / Consulting Fees / 401 / 3 / 6 / 0 / 00 / 30
31 / Earned consulting fees / 31
32 / 32
33 / 33
34 / 34

GENERAL JOURNALPAGE 2

date / description / POST. ref. / debit / credit
1 / 20--Jan. / 12 / Accounts Payable / 202 / 5 / 0 / 00 / 1
2 / Cash / 101 / 5 / 0 / 00 / 2
3 / Paid cash on account / 3
4 / 4
5 / 13 / Transportation Expense / 526 / 1 / 5 / 0 / 00 / 5
6 / Cash / 101 / 1 / 5 / 0 / 00 / 6
7 / Paid for car rental / 7
8 / 8
9 / 15 / Wages Expense / 511 / 3 / 6 / 0 / 00 / 9
10 / Cash / 101 / 3 / 6 / 0 / 00 / 10
11 / Paid employee / 11
12 / 12
13 / 17 / Cash / 101 / 4 / 2 / 0 / 00 / 13
14 / Consulting Fees / 401 / 4 / 2 / 0 / 00 / 14
15 / Earned consulting fees / 15
16 / 16
17 / 18 / Annette Creighton, Drawing / 312 / 1 / 0 / 0 / 00 / 17
18 / Cash / 101 / 1 / 0 / 0 / 00 / 18
19 / Owner’s withdrawal / 19
20 / 20
21 / 20 / Advertising Expense / 512 / 2 / 6 / 00 / 21
22 / Cash / 101 / 2 / 6 / 00 / 22
23 / Paid for newspaper ad / 23
24 / 24
25 / 22 / Transportation Expense / 526 / 3 / 5 / 00 / 25
26 / Cash / 101 / 3 / 5 / 00 / 26
27 / Paid cab fare / 27
28 / 28
29 / 24 / Miscellaneous Expense / 549 / 2 / 8 / 00 / 29
30 / Cash / 101 / 2 / 8 / 00 / 30
31 / Purchased books / 31
32 / 32
33 / 33
34 / 34

GENERAL JOURNALPAGE 3

date / description / POST. ref. / debit / credit
1 / 20--Jan. / 25 / Cash / 101 / 3 / 2 / 0 / 00 / 1
2 / Consulting Fees / 401 / 3 / 2 / 0 / 00 / 2
3 / Earned consulting fees / 3
4 / 4
5 / 27 / Accounts Payable / 202 / 1 / 5 / 0 / 00 / 5
6 / Cash / 101 / 1 / 5 / 0 / 00 / 6
7 / Paid cash on account / 7
8 / 8
9 / 29 / Wages Expense / 511 / 3 / 6 / 0 / 00 / 9
10 / Cash / 101 / 3 / 6 / 0 / 00 / 10
11 / Paid employee / 11
12 / 12
13 / 30 / Cash / 101 / 1 / 8 / 0 / 00 / 13
14 / Consulting Fees / 401 / 1 / 8 / 0 / 00 / 14
15 / Earned consulting fees / 15
16 / 16
17 / 17
18 / 18
19 / 19
20 / 20
21 / 21
22 / 22
23 / 23
24 / 24
25 / 25
26 / 26
27 / 27
28 / 28
29 / 29
30 / 30
31 / 31
32 / 32
33 / 33
34 / 34

GENERAL LEDGER

account Cashaccount no. 101

POST. / BALANCE
date / item / ref. / debit / credit / debit / credit
20--Jan. / 1 / J1 / 10 / 0 / 0 / 0 / 00 / 10 / 0 / 0 / 0 / 00
1 / J1 / 5 / 0 / 0 / 00 / 9 / 5 / 0 / 0 / 00
6 / J1 / 5 / 8 / 0 / 00 / 10 / 0 / 8 / 0 / 00
7 / J1 / 4 / 2 / 00 / 10 / 0 / 3 / 8 / 00
8 / J1 / 3 / 8 / 00 / 10 / 0 / 0 / 0 / 00
10 / J1 / 3 / 6 / 0 / 00 / 10 / 3 / 6 / 0 / 00
12 / J2 / 5 / 0 / 00 / 10 / 3 / 1 / 0 / 00
13 / J2 / 1 / 5 / 0 / 00 / 10 / 1 / 6 / 0 / 00
15 / J2 / 3 / 6 / 0 / 00 / 9 / 8 / 0 / 0 / 00
17 / J2 / 4 / 2 / 0 / 00 / 10 / 2 / 2 / 0 / 00
18 / J2 / 1 / 0 / 0 / 00 / 10 / 1 / 2 / 0 / 00
20 / J2 / 2 / 6 / 00 / 10 / 0 / 9 / 4 / 00
22 / J2 / 3 / 5 / 00 / 10 / 0 / 5 / 9 / 00
24 / J2 / 2 / 8 / 00 / 10 / 0 / 3 / 1 / 00
25 / J3 / 3 / 2 / 0 / 00 / 10 / 3 / 5 / 1 / 00
27 / J3 / 1 / 5 / 0 / 00 / 10 / 2 / 0 / 1 / 00
29 / J3 / 3 / 6 / 0 / 00 / 9 / 8 / 4 / 1 / 00
30 / J3 / 1 / 8 / 0 / 00 / 10 / 0 / 2 / 1 / 00

account Office Suppliesaccount no. 142

POST. / BALANCE
date / item / ref. / debit / credit / debit / credit
20--Jan. / 2 / J1 / 3 / 0 / 0 / 00 / 3 / 0 / 0 / 00

account Office Equipmentaccount no. 181

POST. / BALANCE
date / item / ref. / debit / credit / debit / credit
20--
Jan. / 4 / J1 / 1 / 5 / 0 / 0 / 00 / 1 / 5 / 0 / 0 / 00

account Accounts Payableaccount no. 202

POST. / BALANCE
date / item / ref. / debit / credit / debit / credit
20--
Jan. / 2 / J1 / 3 / 0 / 0 / 00 / 3 / 0 / 0 / 00
4 / J1 / 1 / 5 / 0 / 0 / 00 / 1 / 8 / 0 / 0 / 00
12 / J2 / 5 / 0 / 00 / 1 / 7 / 5 / 0 / 00
27 / J3 / 1 / 5 / 0 / 00 / 1 / 6 / 0 / 0 / 00

account Annette Creighton, Capitalaccount no. 311

POST. / BALANCE
date / item / ref. / debit / credit / debit / credit
20--
Jan. / 1 / J1 / 10 / 0 / 0 / 0 / 00 / 10 / 0 / 0 / 0 / 00

account Annette Creighton, Drawingaccount no. 312

POST. / BALANCE
date / item / ref. / debit / credit / debit / credit
20--
Jan. / 18 / J2 / 1 / 0 / 0 / 00 / 1 / 0 / 0 / 00

account Consulting Feesaccount no. 401

POST. / BALANCE
date / item / ref. / debit / credit / debit / credit
20--
Jan. / 6 / J1 / 5 / 8 / 0 / 00 / 5 / 8 / 0 / 00
10 / J1 / 3 / 6 / 0 / 00 / 9 / 4 / 0 / 00
17 / J2 / 4 / 2 / 0 / 00 / 1 / 3 / 6 / 0 / 00
25 / J3 / 3 / 2 / 0 / 00 / 1 / 6 / 8 / 0 / 00
30 / J3 / 1 / 8 / 0 / 00 / 1 / 8 / 6 / 0 / 00

account Wages Expenseaccount no. 511

POST. / BALANCE
date / item / ref. / debit / credit / debit / credit
20--
Jan. / 15 / J2 / 3 / 6 / 0 / 00 / 3 / 6 / 0 / 00
29 / J3 / 3 / 6 / 0 / 00 / 7 / 2 / 0 / 00

account Advertising Expenseaccount no. 512

POST. / BALANCE
date / item / ref. / debit / credit / debit / credit
20--
Jan. / 20 / J2 / 2 / 6 / 00 / 2 / 6 / 00

account Rent Expenseaccount no. 521

POST. / BALANCE
date / item / ref. / debit / credit / debit / credit
20--
Jan. / 1 / J1 / 5 / 0 / 0 / 00 / 5 / 0 / 0 / 00

account Telephone Expenseaccount no. 525

POST. / BALANCE
date / item / ref. / debit / credit / debit / credit
20--
Jan. / 7 / J1 / 4 / 2 / 00 / 4 / 2 / 00

account Transportation Expenseaccount no 526

POST. / BALANCE
date / item / ref. / debit / credit / debit / credit
20--
Jan. / 13 / J2 / 1 / 5 / 0 / 00 / 1 / 5 / 0 / 00
22 / J2 / 3 / 5 / 00 / 1 / 8 / 5 / 00

account Utilities Expenseaccount no. 533

POST. / BALANCE
date / item / ref. / debit / credit / debit / credit
20--
Jan. / 8 / J1 / 3 / 8 / 00 / 3 / 8 / 00

account Miscellaneous Expenseaccount no. 549

POST. / BALANCE
date / item / ref. / debit / credit / debit / credit
20--
Jan. / 24 / J2 / 2 / 8 / 00 / 2 / 8 / 00

4.

Creighton Consulting

Trial Balance
January 31, 20--
ACCOUNT TITLE / ACCT. NO. / DEBIT
BALANCE / CREDIT BALANCE
Cash / 101 / 10 / 0 / 2 / 1 / 00
Office Supplies / 142 / 3 / 0 / 0 / 00
Office Equipment / 181 / 1 / 5 / 0 / 0 / 00
Accounts Payable / 202 / 1 / 6 / 0 / 0 / 00
Annette Creighton, Capital / 311 / 10 / 0 / 0 / 0 / 00
Annette Creighton, Drawing / 312 / 1 / 0 / 0 / 00
Consulting Fees / 401 / 1 / 8 / 6 / 0 / 00
Wages Expense / 511 / 7 / 2 / 0 / 00
Advertising Expense / 512 / 2 / 6 / 00
Rent Expense / 521 / 5 / 0 / 0 / 00
Telephone Expense / 525 / 4 / 2 / 00
Transportation Expense / 526 / 1 / 8 / 5 / 00
Utilities Expense / 533 / 3 / 8 / 00
Miscellaneous Expense / 549 / 2 / 8 / 00
13 / 4 / 6 / 0 / 00 / 13 / 4 / 6 / 0 / 00

5.

Creighton Consulting

Income Statement
For Month Ended January 31, 20--
Revenue:
Consulting fees / $1 / 8 / 6 / 0 / 00
Expenses:
Wages expense / $ / 7 / 2 / 0 / 00
Advertising expense / 2 / 6 / 00
Rent expense / 5 / 0 / 0 / 00
Telephone expense / 4 / 2 / 00
Transportation expense / 1 / 8 / 5 / 00
Utilities expense / 3 / 8 / 00
Miscellaneous expense / 2 / 8 / 00
Total expenses / 1 / 5 / 3 / 9 / 00
Net income / $ / 3 / 2 / 1 / 00

Creighton Consulting

Statement of Owner’s Equity
For Month Ended January 31, 20--
Annette Creighton, capital, January 1, 20-- / $10 / 0 / 0 / 0 / 00
Net income for January / $ / 3 / 2 / 1 / 00
Less withdrawals for January / 1 / 0 / 0 / 00
Increase in capital / 2 / 2 / 1 / 00
Annette Creighton, capital, January 31, 20-- / $10 / 2 / 2 / 1 / 00

Creighton Consulting

Balance Sheet
January 31, 20--
Assets / Liabilities
Cash / $10 / 0 / 2 / 1 / 00 / Accounts payable / $ 1 / 6 / 0 / 0 / 00
Office supplies / 3 / 0 / 0 / 00
Office equipment / 1 / 5 / 0 / 0 / 00 / Owner’s Equity
Annette Creighton, capital / 10 / 2 / 2 / 1 / 00
Total assets / $11 / 8 / 2 / 1 / 00 / Total liab. & owner’s equity / $11 / 8 / 2 / 1 / 00