Key Accounting Principles Volume 1, 4th Edition - Textbook - page 148

Chapter 6 The Accounting Cycle: Statements and Closing Entries
148
Account: Bank Loan GL. No. 215
Date Description PR DR CR Balance
2016
Jan 1 Opening Balance 3,000 CR
Jan 16 J1 500 2,500 CR
Account: Parish, Capital GL. No. 300
Date Description PR DR CR Balance
2016
Jan 1 Opening Balance 5,300 CR
Jan 5 J1 5,000 10,300 CR
Jan 31 Closing Entry J3 3,175 13,475 CR
Jan 31 Closing Entry J3 2,000 11,475 CR
Account: Parish, Drawings GL. No. 310
Date Description PR DR CR Balance
2016
Jan 30 J1 2,000 2,000 DR
Jan 31 Closing Entry J3 2,000 0 DR
Account: Income Summary GL. No. 315
Date Description PR DR CR Balance
2016
Jan 31 Closing Entry J3 4,500 4,500 CR
Jan 31 Closing Entry J3 1,325 3,175 CR
Jan 31 Closing Entry J3 3,175 0 CR
Account: Service Revenue GL. No. 400
Date Description PR DR CR Balance
2016
Jan 2 J1 1,500 1,500 CR
Jan 10 J1 1,800 3,300 CR
Jan 31 Adjustment J2 200 3,500 CR
Jan 31 Adjustment J2 1,000 4,500 CR
Jan 31 Closing Entry J3 4,500 0 CR
Account: Depreciation Expense GL. No. 510
Date Description PR DR CR Balance
2016
Jan 31 Adjustment J2 150 150 DR
Jan 31 Closing Entry J3 150 0 DR