CUST
General Jounral of Adjusting Entries
Date
Date Description Dr. Cr.
Jan Cash 70000
Tution Fee (Libility ), Uneanred Revenue 70000
June Tution Fee (Libaility), Unanred Revnee 70000
Tution Fee (Revenue), Eanred Revenue 70000
Ahtesham Bashir
General Jounral of Adjusting Entries
Date Adjustmen
Date Description Dr. Cr.
Jan Tution Fee (Asset) 70000 1
Cash 70000
2. Liability convert into in revenue
June Tution Fee Exp 70000
Tution Fee (Asset) 70000
June Utility Exp 3. Occrued unpaid Exp
Account Payable
Account Receable 4. Occrued uncollected
Reveue
accrual base Accouning
Ahesham Ledger
Adjustment Entries
Tution Fee (Asset)
Asset convet into Exp Jan Cash 70000 June Tution Fee (Exp) 70000
total 70000 total 70000
balance 0
Tution Fee (Exp)
June Tution Fee( 70000
3. Occrued unpaid Exp
Matching Principle 70000 0
balnce 70000
4. Occrued uncollected revenue Cash
Jan Tution Fee (Asset) 70000
Relization Principle
0 70000
Balance 70000
Campus Theater
General Jounral of Adjusting Entries
August 31,2009
31/8/2009 Description Dr. Cr.
1 Film Rental Expense 15,200
Prepaid Film Rental 15,200
Film Rental Expense incurred in August
2 Depreciation Expense on Building 700
Accumulated Dereciation on Building 700
3 Depreciation Expense:fixtures and Equipment 600
Accumulated Dereciation:fixtures and Equipment 600
4 Interest Expense 1500
Interest Payable 1500
5 Unearned Admissions Revenue 500
Admissions Revenue 500
6 Concession Revenue Receivable 2250
Concession Revenue 2250
7 Salaries Expense 1700
Salaries Payable 1700
8 Income Taxes Expense 4200
Income Taxes Payable 4200
Debit Side :
Rent Expense
old balance 94,500
31 Prepaid Film Rent 15,200
total 109700 total
balance 109700
Depreciation Expense on Building
old balance 4900
31 accumolated depreciation on Building 700
total 5600 total
balance 5600
Depreciation Expense : Fixtures & Equipment
old balance 4200
31 Accumulated Depreciation:Fixtures & Equipment 600
total 4800 total
balance 4800
Interest Expense
old balance 10500
31 Interest Payable 1500
total 12000 total
balance 12000
Unearned Admission Revenue
31 Admissions Revenue 500 old balance
total 500 total
balance
Concession Revenue Recievable
31 Concession Revenue 2250 old balance
total 2250 total
balance
Salareis Expense
Old balance 68500
31 Salaries Payable 1700
total 70200 total
balance 70200
Income Tax Expense
Old balance 40000
31 Income Tax Payable 4200
total 44200 Total
blanc 44200
Credit Side:
Prepaid Film Rent
old balnce 31200 31
31200
blance 16000
Accumulated Depreciation on Building
0 31
Accumulated Depreciation:fixture & Equipment
0 31
Interest Payable
0 31
Admission Revenue
31
0
Concession Revenue
Salaries Payable
Income Tax Payable
0
ies
Type
Building
& Equipment
0
0
venue
1000
1000
500
evable
14350
14350
12100
Film Rental Expense 15200
15200
ation on Building
old balance 14000
Depreciation Expense on Building 700
Balance c/f 14700
:fixture & Equipment
old balance 12000
Depreciation Expense;fixture & Equipment 600
Balance c/f 12600
yable
old balance 0
Interest Expense 1500
Balance c/f 1500
evenue
old balance 305200
Unearned Admission Revenue 500
total 305700
Balance c/f 305700
evenue
old balance 14350
Concession Revenue Receiable 2250
total 16600
balance 16600
yable
old balance 0
Salaries Expense 1700
total 1700
balance 1700
Payable
old balance 4740
Income Tax Expense 4200
total 8940
balance 8940
Campus Theater
Adjusted Trial Balance
31-Aug-09 1
Concession Revenue Reievable 2,250 2
Cash 20,000 3
Prepaid Film Rent 16000 4
Land 120,000 5
Building 168,000 6
Acculumated Depreciation on Building 14,700
Fixtures & Equipment 36000
Acculumated Depreciation:Fixtures & Equipment 12,600
Note Payable 180,000
Accounts Payable 4,400
Unearned Admission Revenue 500
Income Taxes Payable 8940
Salareis Payable 1700
Interest Payable 1,500
Capital Stock 40,000
Retained Earnings 46,610
Dividends 15,000
Admission Revenue 305,700
Concession Revenue 16,600
Salaries Expense 70,200
Film Rental Expense 109,700
Utilities Expense 9,500
Depreciation Expense on Building 5,600
Depreciation Expense:Fixture & Equipment 4,800
Interest Expense 12,000
Income Taxes Expense 44,200
Total 633,250 633,250
General
Ledger
Trial Balance
Adjutmment entries
Adjutmment Trial Balance
Finanacial Statement income statement
Owner Equity Statement
Balance Sheets
Campus Theater
Income Statements
For the month ended 31,August 2009
Admission Revenue 305,700
Concession Revenue 16,600
Salaries Expense 70,200
Film Rental Expense 109,700
Utilities Expense 9,500
Depreciation Expense on Building 5,600
Depreciation Expense:Fixture & Equipment 4,800
Interest Expense 12,000
Income Taxes Expense 44,200
Total 256,000 322,300
Income 66,300
Campus Theater
Onwer's Equity Statements
31, August 2009
Retained Earning old balance 46,610
Add Current Income 66,300
112,910
Less Dividends 15,000
Retained Earning Current Balance 97,910
Campus Theater
Balance sheet
31. August 2009
Cash 20,000 Note Payable 180,000
Prepaid Film Rent 16000 Accounts Payable 4,400
Land 120,000 Unearned Admission Revenue 500
Building 168000 Income Taxes Payable 8940
Accu Depre on Buildin 14700 153300 Salareis Payable 1700
Fixtures & Equipment 36000 Interest Payable 1,500
Accu Dep:Fixtures & 12600 23400 Capital Stock 40,000
Concession Revenue Reievable 2,250 97,910
total 334,950 total 334,950
