C2 - 36 NetSolutions
Chart of Accounts
Balance Sheet Income Statement
1. Assets
11 Cash
12 Accounts Receivable
14 Supplies
15 Prepaid Insurance
17 Land
18 Office Equipment
2. Liabilities
21 Accounts Payable
23 Unearned Rent
3. Owner’s Equity
31 Chris Clark, Capital
32 Chris Clark, Drawing
4. Revenue
41 Fees Earned
5. Expenses
51 Wages Expense
52 Rent Expense
54 Utilities Expense
55 Supplies Expense
59 Miscellaneous
Expense
C2 - 37 NetSolutions
Trial Balance
November 30, 2002 11 Cash
5,900 14 Supplies
550 17 Land
20,000 21 Accounts Payable
400 31 Chris Clark, Capital
25,000 32 Chris Clark, Drawing
2,000 41 Fees Earned
7,500 51 Wages Expense
2,125 52 Rent Expense
800 54 Utilities Expense
450 55 Supplies Expense
800 59 Miscellaneous Expense
275 32,900
32,900
C2 - 38 NetSolutions
Trial Balance
November 30, 2002 11 Cash
5,900 14 Supplies
550 17 Land
20,000 21 Accounts Payable
400 31 Chris Clark, Capital
25,000 32 Chris Clark, Drawing
2,000 41 Fees Earned
7,500 51 Wages Expense
2,125 52 Rent Expense
800 54 Utilities Expense
450 55 Supplies Expense
800 59 Miscellaneous Expense
275 32,900
32,900
Balance Sheet
C2 - 39
Income Statement
NetSolutions Trial Balance
November 30, 2002 11 Cash
5,900 14 Supplies
550 17 Land
20,000 21 Accounts Payable
400 31 Chris Clark, Capital
25,000 32 Chris Clark, Drawing
2,000 41 Fees Earned
7,500 51 Wages Expense
2,125 52 Rent Expense
800 54 Utilities Expense
450 55 Supplies Expense
800 59 Miscellaneous Expense
275 32,900
32,900
C2 - 40
1. Transactions are analyzed and recorded in journal.
Documents Journal
Journal, Ledger, Trial Balance Journal, Ledger, Trial Balance
C2 - 41
1. Transactions are analyzed and recorded in journal.
Documents Journal
2. Transactions are posted from journal to ledger.
Journal Ledger
Journal, Ledger, Trial Balance Journal, Ledger, Trial Balance
C2 - 42
1. Transactions are analyzed and recorded in journal.
Documents Journal
2. Transactions are posted from journal to ledger.
