Key Accounting Principles Volume 1, 4th Edition - Textbook - page 404

Appendix I Review Exercise Solutions
404
Account: Bank Loan GL. No. 215
Date Description PR DR CR Balance
2016
Jun 1 Opening Balance 4,000 CR
Jun 23 J1 950 3,050 CR
Account: Gordon, Capital GL. No. 300
Date Description PR DR CR Balance
2016
Jun 1 Opening Balance 6,400 CR
Jun 13 J1 3,000 9,400 CR
Jun 30 Closing Entry J3 3,375 12,775 CR
Jun 30 Closing Entry J3 1,000 11,775 CR
Account: Gordon, Drawings GL. No. 310
Date Description PR DR CR Balance
2016
Jun 30 J1 1,000 1,000 DR
Jun 30 Closing Entry J3 1,000 0 DR
Account: Income Summary GL. No. 315
Date Description PR DR CR Balance
2016
Jun 30 Closing Entry J3 4,950 4,950 CR
Jun 30 Closing Entry J3 1,575 3,375 CR
Jun 30 Closing Entry J3 3,375 0 CR
Account: Service Revenue GL. No. 400
Date Description PR DR CR Balance
2016
Jun 6 J1 2,100 2,100 CR
Jun 18 J1 1,500 3,600 CR
Jun 30 Adjusting Entry J2 450 4,050 CR
Jun 30 Adjusting Entry J2 900 4,950 CR
Jun 30 Closing Entry J3 4,950 0 CR
Account: Advertising Expense GL. No. 500
Date Description PR DR CR Balance
2016
Jun 11 J1 450 450 DR
Jun 30 Closing Entry J3 450 0 DR