Baldy's Barber Shop Transactions
Transaction                       Accounts 
Number GJ1   Cash In Bank
Date 12/1/xxxx   Cash Over/Short
    Petty Cash
Baldy invested $15,000 of his personal funds into the business.   Deposits
Personal Check # 609    Prepaid Advertising
    Prepaid Insurance
    Barber Equipment
                          Furniture & Fixtures
                          Office Equipment
  Journal Entry                   Accum Deprec-Barber Equipment
                        Accum Deprec-Furniture & Fixtures
  Input Data                   Accum Deprec-Office Equipment
  Amount 15000.00     Date 12/1/xxxx   Accounts Payable
  Debit Account Cash In Bank   Reference GJ1   Notes Payable-Short Term
  Credit Account Owners Equity           Notes Payable-Long Term
  Description Invested personal funds in business   Owners Equity
  Description 2 Check # 609   Sales
                        Barber Supplies
                      Janitorial & Cleaning Services
                        Towel & Linen Cleaning
  General Journal                 Uniform Rental
  Date   Details     Ref   Debit   Credit   Building Rent
  12/1/xxxx   Cash In Bank GJ1   15,000.00       Building Maintenance
                        Utilities
      Owners Equity GJ1       15,000.00   Advertising
                        Promotions & Special Events
                        Magazines & Newspapers
  Invested personal funds in business                   Coffee Supplies
  Check # 609                     Office Supplies
Postage
Telephone
Insurance
    Answer Check                     Entertainment
                            Professional Fees
Debit Account Correct   Fees,Licenses,Permits
Credit Account Correct   Wi-Fi Internet
Amount Correct   Donations
Description Correct   Depreciation
                          Owners Draws
    Interest
                   
Transaction                      
Number GJ2  
Date 12/1/xxxx  
   
Got a $10,000 5 year loan from Friendly Bank with a 10% interest rate  
Auto Transfer To Account Ref # Loan-765  
Record as Long Term  
   
                         
                         
  Journal Entry                  
                       
  Input Data                  
  Amount 10000.00     Date 12/1/xxxx  
  Debit Account Cash In Bank   Reference GJ2  
  Credit Account Notes Payable-Long Term          
  Description Bank Note to Friendly Bank  
  Description 2 Auto Transfer Ref # Loan-765  
                       
                     
                       
  General Journal                
  Date   Details     Ref   Debit   Credit  
  12/1/xxxx   Cash In Bank GJ2   10,000.00      
                       
      Notes Payable-Long Term GJ2       10,000.00  
                       
                       
  Bank Note to Friendly Bank                  
  Auto Transfer Ref # Loan-765              
    Answer Check                    
                           
Debit Account Correct  
Credit Account Correct  
Amount Correct  
Description Correct  
                         
   
                   
Transaction                      
Number GJ3  
Date 12/3/xxxx  
     
Purchased and paid for the following Barber Equipment from  
Barber Supply Company :  
1- Mirror $300  1- Full Length Wall Counter $500 1- Swivel Chair $1,000   
1- Hair Kit (Clippers, Combs,etc) $800 for a total of $2600  
  Invoice #1890 Check # 1                  
                         
  Journal Entry                  
                       
  Input Data                  
  Amount 2600.00     Date 12/3/xxxx  
  Debit Account Barber Equipment   Reference GJ3  
  Credit Account Cash In Bank          
  Description Equipment Purchase from Barber Equipment  
  Description 2 Invoice #1890 Check # 1  
                       
                     
                       
  General Journal                
  Date   Details     Ref   Debit   Credit  
  12/3/xxxx   Barber Equipment GJ3   2,600.00      
                       
      Cash In Bank GJ3       2,600.00  
                       
                       
  Equipment Purchase from Barber Equipment                  
  Invoice #1890 Check # 1                
    Answer Check                    
                           
Debit Account Correct  
Credit Account Correct  
Amount Correct  
Description Correct  
                         
   
                   
Transaction                      
Number GJ4  
Date 12/3/xxxx  
   
Signed a 2 year lease beginning December 1, xxxx with Acme Buildings  
and paid a required damage depositof $1000  
Check # 2 Lease # Acme-555  
   
                         
                         
  Journal Entry                  
                       
  Input Data                  
  Amount 1000.00     Date 12/3/xxxx  
  Debit Account Deposits   Reference GJ4  
  Credit Account Cash In Bank          
  Description Building Damage Deposit paid to Acme Buildings  
  Description 2 Check # 2 Lease # Acme-555  
                       
                     
                       
  General Journal                
  Date   Details     Ref   Debit   Credit  
  12/3/xxxx   Deposits GJ4   1,000.00      
                       
      Cash In Bank GJ4       1,000.00  
                       
                       
  Building Damage Deposit paid to Acme Buildings                  
  Check # 2 Lease # Acme-555              
    Answer Check                    
                           
Debit Account Correct  
Credit Account Correct  
Amount Correct  
Description Correct  
                         
   
                   
Transaction                      
Number GJ5  
Date 12/4/xxxx  
   
Paid barbers license fee of $200 to the state  
Check # 3  
   
   
                         
                         
  Journal Entry                  
                       
  Input Data                  
  Amount 200.00     Date 12/4/xxxx  
  Debit Account Fees,Licenses,Permits   Reference GJ5  
  Credit Account Cash In Bank          
  Description Barber State License paid to State  
  Description 2 Check # 3  
                       
                     
                       
  General Journal                
  Date   Details     Ref   Debit   Credit  
  12/4/xxxx   Fees,Licenses,Permits GJ5   200.00      
                       
      Cash In Bank GJ5       200.00  
                       
                       
  Barber State License paid to State                  
  Check # 3                    
    Answer Check                    
                           
Debit Account Correct  
Credit Account Correct  
Amount Correct  
Description Correct  
                         
   
                   
Transaction                      
Number GJ6  
Date 12/4/xxxx  
   
Paid $500 to the City for business license.  
Check # 4  
   
   
                         
                         
  Journal Entry                  
                       
  Input Data                  
  Amount 500.00     Date 12/4/xxxx  
  Debit Account Fees,Licenses,Permits   Reference GJ6  
  Credit Account Cash In Bank          
  Description City Business License  
  Description 2 Check # 4  
                       
                     
                       
  General Journal                
  Date   Details     Ref   Debit   Credit  
  12/4/xxxx   Fees,Licenses,Permits GJ6   500.00      
                       
      Cash In Bank GJ6       500.00  
                       
                       
  City Business License                  
  Check # 4                    
    Answer Check                    
                           
Debit Account Correct  
Credit Account Correct  
Amount Correct  
Description Correct  
                         
   
                   
Transaction                      
Number GJ7  
Date 12/4/xxxx  
   
Issued Check # 5  for $1000 to Acme Buildings for monthy buiding rent.  
   
   
   
                         
                         
  Journal Entry                  
                       
  Input Data                  
  Amount 1000.00     Date 12/4/xxxx  
  Debit Account Building Rent   Reference GJ7  
  Credit Account Cash In Bank          
  Description December Building Rent Paid to Acme Buildings  
  Description 2 Check # 5  
                       
                     
                       
  General Journal                
  Date   Details     Ref   Debit   Credit  
  12/4/xxxx   Building Rent GJ7   1,000.00      
                       
      Cash In Bank GJ7       1,000.00  
                       
                       
  December Building Rent Paid to Acme Buildings                  
  Check # 5                    
    Answer Check                    
                           
Debit Account Correct  
Credit Account Correct  
Amount Correct  
Description Correct  
                         
   
                   
Transaction                      
Number GJ8  
Date 12/5/xxxx  
   
Hired and paid $525 to Susie's Catering for Grand Opening on December 15,xxxx  
Check # 6 Invoice # 10975-1  
   
   
                         
                         
  Journal Entry                  
                       
  Input Data                  
  Amount 525.00     Date 12/5/xxxx  
  Debit Account Promotions & Special Events   Reference GJ8  
  Credit Account Cash In Bank          
  Description Grand Opening Catering from Susie's Catering  
  Description 2 Check # 6 Invoice # 10975-1  
                       
                     
                       
  General Journal                
  Date   Details     Ref   Debit   Credit  
  12/5/xxxx   Promotions & Special Events GJ8   525.00      
                       
      Cash In Bank GJ8       525.00  
                       
                       
  Grand Opening Catering from Susie's Catering                  
  Check # 6 Invoice # 10975-1              
    Answer Check                    
                           
Debit Account Correct  
Credit Account Correct  
Amount Correct  
Description Correct  
                         
   
                   
Transaction                      
Number GJ9  
Date 12/5/xxxx  
   
Purchased advertisng on account for grand opening for $200 from Neighborhood News  
Terms of Credit Net 30  
Invoice # 8745  
   
                         
                         
  Journal Entry                  
                       
  Input Data                  
  Amount 200.00     Date 12/5/xxxx  
  Debit Account Advertising   Reference GJ9  
  Credit Account Accounts Payable          
  Description Bought advertising from Neighborhood News for Grand Opening  
  Description 2 Invoice # 8745 On Account  
                       
                     
                       
  General Journal                
  Date   Details     Ref   Debit   Credit  
  12/5/xxxx   Advertising GJ9   200.00      
                       
      Accounts Payable GJ9       200.00  
                       
                       
  Bought advertising from Neighborhood News for Grand Opening                  
  Invoice # 8745 On Account                
    Answer Check                    
                           
Debit Account Correct  
Credit Account Correct  
Amount Correct  
Description Correct  
                         
   
                   
Transaction                      
Number GJ10  
Date 12/5/xxxx  
   
Paid Betty's Cleaning Service $300 to clean the building and get ready for the grand opening.
Check # 8 Invoice # 9321  
   
   
                         
                         
  Journal Entry                  
                       
  Input Data                  
  Amount 300.00     Date 12/5/xxxx  
  Debit Account Janitorial & Cleaning Services   Reference GJ10  
  Credit Account Cash In Bank          
  Description Hired Betty's Cleaning Service to clean building for Grand Opening  
  Description 2 Check # 8 Invoice # 9321  
                       
                     
                       
  General Journal                
  Date   Details     Ref   Debit   Credit  
  12/5/xxxx   Janitorial & Cleaning Services GJ10   300.00      
                       
      Cash In Bank GJ10       300.00  
                       
                       
  Hired Betty's Cleaning Service to clean building for Grand Opening                  
  Check # 8 Invoice # 9321                
    Answer Check                    
                           
Debit Account Correct  
Credit Account Correct  
Amount Correct  
Description Correct  
                         
   
                   
Transaction                      
Number GJ11  
Date 12/6/xxxx  
   
Issued  Check # 9 in the amount of $1500 to Neighborhood News for 3 months of advertising
beginning January 1, xxxx.  
Invoice # 1765  
   
                         
                         
  Journal Entry                  
                       
  Input Data                  
  Amount 1500.00     Date 12/6/xxxx  
  Debit Account Prepaid Advertising   Reference GJ11  
  Credit Account Cash In Bank          
  Description Paid Neighborhood News for 3 months advertising beginning Jan 1, xxxx  
  Description 2 Check # 9 Invoice # 1765  
                       
                     
                       
  General Journal                
  Date   Details     Ref   Debit   Credit  
  12/6/xxxx   Prepaid Advertising GJ11   1,500.00      
                       
      Cash In Bank GJ11       1,500.00  
                       
                       
  Paid Neighborhood News for 3 months advertising beginning Jan 1, xxxx                  
  Check # 9 Invoice # 1765                
    Answer Check                    
                           
Debit Account Correct  
Credit Account Correct  
Amount Correct  
Description Correct  
                         
   
                   
Transaction                      
Number GJ12  
Date 12/6/xxxx  
   
Purchased and paid for Wi-Fi Services from Better Communications at a rate of $50/month
Invoiced $37 prorated amount for December  
Check # 10 Invoice # 7890-1  
   
                         
                         
  Journal Entry                  
                       
  Input Data                  
  Amount 37.00     Date 12/6/xxxx  
  Debit Account Wi-Fi Internet   Reference GJ12  
  Credit Account Cash In Bank          
  Description Purchased monthly Wi-Fi Services from Better Communications  
  Description 2 Check # 10 Invoice # 7890-1  
                       
                     
                       
  General Journal                
  Date   Details     Ref   Debit   Credit  
  12/6/xxxx   Wi-Fi Internet GJ12   37.00      
                       
      Cash In Bank GJ12       37.00  
                       
                       
  Purchased monthly Wi-Fi Services from Better Communications                  
  Check # 10 Invoice # 7890-1              
    Answer Check                    
                           
Debit Account Correct  
Credit Account Correct  
Amount Correct  
Description Correct  
                         
   
                   
Transaction                      
Number GJ13  
Date 12/6/xxxx  
   
Paid Check # 11 for $200 to Dave Marshall, Bean Counter for professional services  
Invoice # 955  
   
   
                         
                         
  Journal Entry                  
                       
  Input Data                  
  Amount 200.00     Date 12/6/xxxx  
  Debit Account Professional Fees   Reference GJ13  
  Credit Account Cash In Bank          
  Description Paid Dave Marshall Bean Counter for consulting  
  Description 2 Check # 11 Invoice # 955  
                       
                     
                       
  General Journal                
  Date   Details     Ref   Debit   Credit  
  12/6/xxxx   Professional Fees GJ13   200.00      
                       
      Cash In Bank GJ13       200.00  
                       
                       
  Paid Dave Marshall Bean Counter for consulting                  
  Check # 11 Invoice # 955                
    Answer Check                    
                           
Debit Account Correct  
Credit Account Correct  
Amount Correct  
Description Correct  
                         
   
                   
Transaction                      
Number GJ14  
Date 12/6/xxxx  
   
Purchased and received 10 chairs for customer seating on account from Barber Supply  
10 chairs @ $100 each for a total of $1000  
Payment terms of net 30  
Invoice # 99215  
                         
                         
  Journal Entry                  
                       
  Input Data                  
  Amount 1000.00     Date 12/6/xxxx  
  Debit Account Furniture & Fixtures   Reference GJ14  
  Credit Account Accounts Payable          
  Description Purchased customer chairs from Barber Supply on Account  
  Description 2 Invoice # 99215  
                       
                     
                       
  General Journal                
  Date   Details     Ref   Debit   Credit  
  12/6/xxxx   Furniture & Fixtures GJ14   1,000.00      
                       
      Accounts Payable GJ14       1,000.00  
                       
                       
  Purchased customer chairs from Barber Supply on Account                  
  Invoice # 99215                
    Answer Check                    
                           
Debit Account Correct  
Credit Account Correct  
Amount Correct  
Description Correct  
                         
   
                   
Transaction                      
Number GJ15  
Date 12/6/xxxx  
   
Hired and paid Roger's Interior Painting $1200 to paint the building interior  
Invoice # 09657 Check # 12  
   
Note: Discussed with Dave (Bean Counter) and decided to expense this service  
                         
                         
  Journal Entry                  
                       
  Input Data                  
  Amount 1200.00     Date 12/6/xxxx  
  Debit Account Building Maintenance   Reference GJ15  
  Credit Account Cash In Bank          
  Description Hired Roger's Interior Painting to paint building interior  
  Description 2 Check # 12 Invoice # 09657  
                       
                     
                       
  General Journal                
  Date   Details     Ref   Debit   Credit  
  12/6/xxxx   Building Maintenance GJ15   1,200.00      
                       
      Cash In Bank GJ15       1,200.00  
                       
                       
  Hired Roger's Interior Painting to paint building interior                  
  Check # 12 Invoice # 09657              
    Answer Check                    
                           
Debit Account Correct  
Credit Account Correct  
Amount Correct  
Description Correct  
                         
   
                   
Transaction                      
Number GJ16  
Date 12/7/xxxx  
   
Purchased and paid $600 to Discount TV's  for a big screen TV for the enjoyment of customers
Invoice # 9854-2 Check # 13  
   
   
                         
                         
  Journal Entry                  
                       
  Input Data                  
  Amount 600.00     Date 12/7/xxxx  
  Debit Account Furniture & Fixtures   Reference GJ16  
  Credit Account Cash In Bank          
  Description Purchased Big Screen TV from Discount TV's  
  Description 2 Check # 13 Invoice # 9854-2  
                       
                     
                       
  General Journal                
  Date   Details     Ref   Debit   Credit  
  12/7/xxxx   Furniture & Fixtures GJ16   600.00      
                       
      Cash In Bank GJ16       600.00  
                       
                       
  Purchased Big Screen TV from Discount TV's                  
  Check # 13 Invoice # 9854-2              
    Answer Check                    
                           
Debit Account Correct  
Credit Account Correct  
Amount Correct  
Description Correct  
                         
   
                   
Transaction                      
Number GJ17  
Date 12/7/xxxx  
   
Subscribed to Friendly Newspaper beginning 12/8/xxxx on a weekly basis of $10/week  
Paid for week of service  
Invoice # 00098 Check # 14  
   
                         
                         
  Journal Entry                  
                       
  Input Data                  
  Amount 10.00     Date 12/7/xxxx  
  Debit Account Magazines & Newspapers   Reference GJ17  
  Credit Account Cash In Bank          
  Description Subscribed to Friendly Newpaper on a weekly basis  
  Description 2 Check # 14 Invoice # 00098  
                       
                     
                       
  General Journal                
  Date   Details     Ref   Debit   Credit  
  12/7/xxxx   Magazines & Newspapers GJ17   10.00      
                       
      Cash In Bank GJ17       10.00  
                       
                       
  Subscribed to Friendly Newpaper on a weekly basis                  
  Check # 14 Invoice # 00098              
    Answer Check                    
                           
Debit Account Correct  
Credit Account Correct  
Amount Correct  
Description Correct  
                         
   
                   
Transaction                      
Number GJ18  
Date 12/8/xxxx  
   
Purchased and paid for a window sign with Baldy's name and business hours from Super Signs
Invoice # 2679 Check # 15 Amount $250  
   
   
                         
                         
  Journal Entry                  
                       
  Input Data                  
  Amount 250.00     Date 12/8/xxxx  
  Debit Account Building Maintenance   Reference GJ18  
  Credit Account Cash In Bank          
  Description Purchased window sign from Super Signs  
  Description 2 Check # 15 Invoice # 2679  
                       
                     
                       
  General Journal                
  Date   Details     Ref   Debit   Credit  
  12/8/xxxx   Building Maintenance GJ18   250.00      
                       
      Cash In Bank GJ18       250.00  
                       
                       
  Purchased window sign from Super Signs                  
  Check # 15 Invoice # 2679                
    Answer Check                    
                           
Debit Account Correct  
Credit Account Correct  
Amount Correct  
Description Correct  
                         
   
                   
Transaction                      
Number GJ19  
Date 12/9/xxxx  
   
Purchased and paid $1,500 for a computer from Jim's Discount Computer  
Invoice # 17987 Check # 16  
   
   
                         
                         
  Journal Entry                  
                       
  Input Data                  
  Amount 1500.00     Date 12/9/xxxx  
  Debit Account Office Equipment   Reference GJ19  
  Credit Account Cash In Bank          
  Description Purchased computer from Discount Computer  
  Description 2 Check # 16 Invoice # 1787  
                       
                     
                       
  General Journal                
  Date   Details     Ref   Debit   Credit  
  12/9/xxxx   Office Equipment GJ19   1,500.00      
                       
      Cash In Bank GJ19       1,500.00  
                       
                       
  Purchased computer from Discount Computer                  
  Check # 16 Invoice # 1787                
    Answer Check                    
                           
Debit Account Correct  
Credit Account Correct  
Amount Correct  
Description Correct  
                         
   
                   
Transaction                      
Number GJ20  
Date 12/9/xxxx  
   
Took Dave from Bean Counter out for a business lunch to discuss Grand Opening  
and record keeping  
Receipt # 365 Check # 17 Amount $50  
   
                         
                         
  Journal Entry                  
                       
  Input Data                  
  Amount 50.00     Date 12/9/xxxx  
  Debit Account Entertainment   Reference GJ20  
  Credit Account Cash In Bank          
  Description Business Lunch with Dave Marshall  
  Description 2 Check # 17 Receipt # 365  
                       
                     
                       
  General Journal                
  Date   Details     Ref   Debit   Credit  
  12/9/xxxx   Entertainment GJ20   50.00      
                       
      Cash In Bank GJ20       50.00  
                       
                       
  Business Lunch with Dave Marshall                  
  Check # 17 Receipt # 365                
    Answer Check                    
                           
Debit Account Correct  
Credit Account Correct  
Amount Correct  
Description Correct