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Ledger Accounts

$1.$ Cash

Date Description Debit Credit Balance

April $2$ Investment $45,00045,000$

April $3$ Rent Expense $2,30042,700$

April $4$ Office Supplies $1,00041,700$

April $10$ Prepaid Insurance $1,98039,720$

April $14$ Salaries Expense $1,30038,420$

April $24$ Commissions Revenue $13,50051,920$

April $28$ Salaries Expense $1,30050,620$

April $29$ Repairs Expense $40050,220$

April $30$ Telephone Expense $1,15049,070$

April $30$ Dividends $1,53047,540$

$2.$ Accounts Receivable

Date Description Debit Credit Balance

April $30$ Commissions Revenue $1,7001,700$

$3.$ Office Supplies

Date Description Debit Credit Balance

April $4$ Purchase Supplies $1,0001,000$

April $30$ Office Supplies Expense $500500$

$4.$ Prepaid Insurance

Date Description Debit Credit Balance

April $10$ Insurance Premium $1,9801,980$

April $30$ Insurance Expense $1101,870$

$5.$ Computer Equipment

Date Description Debit Credit Balance

April $2$ Investment $30,00030,000$

$6.$ Accumulated Depreciation$$Computer Equipment

Date Description Debit Credit Balance

April $30$ Depreciation Expense $300300$

$7.$ Salaries Payable

Date Description Debit Credit Balance

April $30$ Salaries Expense $460460$

$8.$ Common Stock

Date Description Debit Credit Balance

April $2$ Investment $75,00075,000$

$9.$ Dividends

Date Description Debit Credit Balance

April $30$ Dividends Declared $1,5301,530$

$10.$ Commissions Revenue

Date Description Debit Credit Balance

April $24$ Cash Collected $15,20015,200$

April $30$ Close Revenue $15,2000$

$11.$ Salaries Expense

Date Description Debit Credit Balance

April $14$ Cash Paid $1,3001,300$

April $28$ Cash Paid $1,3002,600$

April $30$ Close Expense $3,0600$

$12.$ Rent Expense

Date Description Debit Credit Balance

April $3$ Cash Paid $2,3002,300$

April $30$ Close Expense $2,3000$

$13.$ Office Supplies Expense

Date Description Debit Credit Balance

April $30$ Close Expense $500500$

$14.$ Depreciation Expense$$Computer Equipment

Date Description Debit Credit Balance

April $30$ Close Expense $300300$

$15.$ Insurance Expense

Date Description Debit Credit Balance

April $30$ Close Expense $110110$

$16.$ Repairs Expense

Date Description Debit Credit Balance

April $29$ Cash Paid $400400$

$17.$ Telephone Expense

Date Description Debit Credit Balance

April $30$ Cash Paid $1,1501,150$

Closing Entries

$18.$ Income Summary

Date Description Debit Credit Balance

April $30$ Close Revenue $15,20015,200$

April $30$ Close Expenses $7,8207,380$

April $30$ Close to Retained Earnings $7,3800$

$19.$ Retained Earnings

Date Description Debit Credit Balance

April $30$ Close Income Summary $7,3807,380$

April $30$ Close Dividends $1,5305,850$

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