Journal entries, entering beginning account balances, posting to T accounts, and trial balance
Non-GST version
The 31 May 2026 trial balance of Jason Williams, Physiotherapist, is shown below. Ignore GST.
\begin{tabular}{|c|c|c|c|}
\hline
& \begin{tabular}{c}
\textbf{JASON WILLIAMS, PHYSIOTHERAPIST} \\
\textbf{Trial balance} \\
\textbf{as at 31 May 2026}
\end{tabular} & & \\
\hline
\textbf{Account} & & \textbf{Debit} & \textbf{Credit} \\
\hline
\begin{tabular}{l}
Cash at bank \\
Accounts receivable \\
Supplies \\
Prepaid insurance \\
Office furniture and equipment \\
Accounts payable \\
Electricity account payable \\
Unearned revenue \\
J. Williams, capital \\
J. Williams, drawings \\
Services revenue \\
Salary expense \\
Electricity expense \\
Rent expense
\end{tabular} &
\begin{tabular}{r}
\[tex]$55000 \\
48000 \\
12300 \\
8200 \\
195000
\end{tabular} &
\begin{tabular}{r}
\$[/tex]55000 \\
48000 \\
12300 \\
8200 \\
195000 \\
125400 \\
170300 \\
3580 \\
18000 \\
\[tex]$635780
\end{tabular} &
\begin{tabular}{r}
\$[/tex]9700 \\
9500 \\
2900 \\
193480 \\
420200 \\
\[tex]$635780
\end{tabular} \\
\hline
\end{tabular}
The following transactions were completed during June:
- June 1: Purchased supplies on credit for \$[/tex]5800.
- June 3: Received \[tex]$24400 from patients as payment on account.
- June 6: Paid the electricity expense of \$[/tex]9500, previously recorded.
- June 10: Performed services for \[tex]$1500 that was recorded previously as unearned revenue.
- June 14: Recorded revenue of \$[/tex]163900 in cash and \[tex]$24760 on credit.
- Paid salaries of \$[/tex]32710.
- June 20: Purchased equipment for \[tex]$22500, paid by electronic transfer.
- June 23: Withdrew \$[/tex]20000 from the business for personal use.
- June 24: Paid creditors \[tex]$5000.
- June 26: Purchased insurance policy for \$[/tex]36000 to cover business assets.
- June 27: Received \[tex]$16000 from patients as payment on account.
- June 29: Recorded revenue of \$[/tex]98300 in cash and \[tex]$14000 on credit.
- June 30: Paid rent of \$[/tex]18000.
