A Byte of Accounting, Inc.

General Journal

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Transaction
Date
Account
Name
Description
Debit
Credit
Total Balance

01
Jun 01
1110
Cash
Lauryn’s Investment
91,800.00

91800
0

01
Jun 01
3100
Capital Stock
Lauryn’s Investment

91,800.00
(91800)
0

0
0

0
0

02
Jun 01
1110
Cash
Jonnie Rhame’s Common
Stock
29,160.00

29160
0

02
Jun 01
1311
Computer Equip.
Jonnie Rhame’s Common
Stock
41,040.00

41040
0

02
Jun 01
3100
Capital Stock
Jonnie Rhame’s Common
Stock

70,200.00
(70200)
0

0
0

03
Jun 01
1110
Cash
Courtney’s Investment
47,250.00

47250
0

03
Jun 01
1311
Computer Equip.
Courtney’s Investment
15,660.00

15660
0

03
Jun 01
1211
Office Equip.
Courtney’s Investment
1,026.00

1026
0

03
Jun 01
3100
Capital Stock
Courtney’s Investment

63,936.00
(63936)
0

04
Jun 02
1311
Computer Equip.
Computer Down Payment
145,000.00

######
0

04
Jun 02
1110
Cash
Computer Down Payment

29,000.00
(29000)
0

04
Jun 02
2202
Notes Payable
Computer Down Payment

116,000.00
######
0

0
0

05
Jun 04
1211
Office Equip.
Office Equpment
Purchased
700.00

700
0

05
Jun 04
2101
Accounts Payable
Office Equpment
Purchased

700.00
(700)
0

0
0

0
0

06
Jun 08
2101
Accounts Payable
Office Equpment
Returned
140.00

140
0

06
Jun 08
1211
Office Equip.
Office Equpment
Returned

140.00
(140)
0

0
0

0
0

07
Jun 10
2202
Notes Payable
Computer Equpment
Paid
22,250.00

22250
0

07
Jun 10
1110
Cash
Computer Equpment
Paid

22,250.00
(22250)
0

0
0

0
0

08
Jun 14
1130
Prepaid Insurance
Computer Equipment
Insurance
6,144.00

6144
0

08
Jun 14
1110
Cash
Computer Equipment
Insurance

6,144.00
(6144)
0

0
0

0
0

09
Jun 16
1110
Cash
Consulting Revenue
Received
8,000.00

8000
0

09
Jun 16
4100
Computer &
Consulting Revenue
Consulting Revenue
Received

8,000.00
(8000)
0

0
0

0
0

10
Jun 16
1411
Building Cost
Building & Land
Expense
85,000.00

85000
0

10
Jun 16
1510
Land
Building & Land
Expense
16,000.00

16000
0

10
Jun 16
1110
Cash
Building & Land
Expense

10,100.00
(10100)
0

10
Jun 16
2201
Mortgage Payable
Building & Land
Expense

90,900.00
(90900)
0

11
Jun 17
1140
Prepaid Rent
Rent Expense
6,800.00

6800
0

11
Jun 17
1110
Cash
Rent Expense

6,800.00
(6800)
0

0
0

0
0

12
Jun 17
5030
Advertising Expense
Newspaper Advertising
450.00

450
0

12
Jun 17
2101
Accounts Payable
Newspaper Advertising

450.00
(450)
0

0
0

0
0

13
Jun 21
2101
Accounts Payable
Paid Advertising Bill
560.00

560
0

13
Jun 21
1110
Cash
Paid Advertising Bill

560.00
(560)
0

0
0

0
0

14
Jun 21
1211
Office Equip.
Office Equipment Paid
775.00

775
0

14
Jun 21
1110
Cash
Office Equipment Paid

775.00
(775)
0

0
0

0
0

15
Jun 21
1120
Accounts Receivable
Consulting Services
Billed
4,800.00

4800
0

15
Jun 21
4100
Computer &
Consulting Revenue
Consulting Services
Billed

4,800.00
(4800)
0

0
0

0
0

16
Jun 22
5020
Salary Expense
Paid Salary
1,010.00

1010
0

16
Jun 22
1110
Cash
Paid Salary

1,010.00
(1010)
0

0
0

0
0

17
Jun 22
5040
Repairs & Maint.
Expense
Computer Repair Bill
1,215.00

1215
0

17
Jun 22
2101
Accounts Payable
Computer Repair Bill

1,215.00
(1215)
0

0
0

0
0

18
Jun 22
2101
Accounts Payable
Paid Advertising Bill
450.00

450
0

18
Jun 22
1110
Cash
Paid Advertising Bill

450.00
(450)
0

0
0

0
0

19
Jun 23
1150
Office Supplies
Increase to the Asset
505.00

505
0

19
Jun 23
2101
Accounts Payable
Increase to the Asset

505.00
(505)
0

0
0

0
0

20
Jun 23
1110
Cash
Billings
3,845.00

3845
0

20
Jun 23
1120
Accounts Receivable
Billings

3,845.00
(3845)
0

0
0

0
0

21
Jun 28
1120
Accounts Receivable
Billings
5,385.00

5385
0

21
Jun 28
4100
Computer &
Consulting Revenue
Billings

5,385.00
(5385)
0

0
0

0
0

22
Jun 29
2101
Accounts Payable
Bill Received for
Repairs
1,215.00

1215
0

22
Jun 29
1110
Cash
Bill Received for
Repairs

1,215.00
(1215)
0

0
0

0
0

23
Jun 29
1110
Cash
Billings
5,101.00

5101
0

23
Jun 29
1120
Accounts Receivable
Billings

5,101.00
(5101)
0

0
0

0
0

24
Jun 29
5020
Salary Expense
Paid Salaries
1,010.00

1010
0

24
Jun 29
1110
Cash
Paid Salaries

1,010.00
(1010)
0

0
0

0
0

25
Jun 30
5050
Oil & Gas Expense
Bill Received
990.00

990
0

25
Jun 30
2101
Accounts Payable
Bill Received

990.00
(990)
0

0
0

0
0

26
Jun 30
3300
Dividends
Paid Dividend
1,338.88

1339
0

26
Jun 30
1110
Cash
Paid Dividend

1,338.88
(1339)
0

0
0

0
0

27
Jun 30
5010
Rent Expense
Rent Payment
1,700.00

1700
0

27
Jun 30
1140
Prepaid Rent
Rent Payment

1,700.00
(1700)
0

27
Jun 30
1110
Cash
Rent Payment

0
0

0
0

28
Jun 30
5080
Supplies Expense
Physical Inventory
303.00

303
0

28
Jun 30
1212
Accum. Depr.-Office
Equip.
Physical Inventory

303.00
(303)
0

0
0

0
0

29
Jun 30
5090
Interest Expense
Interest Expense
852.00

852
0

29
Jun 30
1110
Cash
Interest Expense

852.00
(852)
0

0
0

0
0

30
Jun 30
5100
Insurance Expense
Prepaid Insurance
202.00

202
0

30
Jun 30
1130
Prepaid Insurance
Prepaid Insurance
5,942.00

5942
0

30
Jun 30
1110
Cash
Prepaid Insurance

6,144.00
(6144)
0

0
0

31
Jun 30
1120
Accounts Receivable
Unbilled Revenue
5,500.00

5500
0

31
Jun 30
4100
Computer &
Consulting Revenue
Unbilled Revenue

5,500.00
(5500)
0

0
0

0
0

32
Jun 30
1411
Building Cost
Depreciation
220.00

220
0

32
Jun 30
1311
Computer Equip.
Depreciation
4,195.00

4195
0

32
Jun 30
1211
Office Equip.
Depreciation
18.00

18
0

32
Jun 30
1412
Accum. Depr.-Building
Depreciation

4,433.00
(4433)
0

33
Jun 30
5020
Salary Expense
Unpaid Salaries
606.00

606
0

33
Jun 30
2105
Salaries Payable
Unpaid Salaries

606.00
(606)
0

0
0

0
0

34
Jun 30
5090
Interest Expense
5 Year Note
934.00

934
0

34
Jun 30
2103
Interest Payable
5 Year Note

934.00
(934)
0

0
0

0
0

35
Jun 30
5120
Income Tax Expense
Income Taxes

0
0

35
Jun 30
2106
Income Taxes Payable
Income Taxes

0
0

0
0

0
0

36
Jun 30
4100
Computer &
Consulting Revenue
Closed Revenue
Accounts

0
0

0
0

0
0

0
0

37
Jun 30
5010
Rent Expense
Closed Expense
Account

0
0

37
Jun 30
5020
Salary Expense
Closed Expense
Account

0
0

37
Jun 30
5030
Advertising Expense
Closed Expense
Account

0
0

37
Jun 30
5040
Repairs & Maint.
Expense
Closed Expense
Account

0
0

37
Jun 30
5050
Oil & Gas Expense
Closed Expense
Account

0
0

37
Jun 30
5080
Supplies Expense
Closed Expense
Account

0
0

37
Jun 30
5090
Interest Expense
Closed Expense
Account

0
0

37
Jun 30
5100
Insurance Expense
Closed Expense
Account

0
0

37
Jun 30
5110
Depreciation Expense
Closed Expense
Account

0
0

37
Jun 30
5120
Income Tax Expense
Closed Expense
Account

0
0

0
0

38
Jun 30
3400
Income Summary
Close Income Summary

0
0

0
0

0
0

3400
Income Summary
Close Income Summary

0
0

39
Jun 30
3300
Dividends
Cloae Dividends
Account

0
0

0
0

0
0

0
0