General Ledger
SpringTime’s 2000 General Ledger - Posting the Entries
SpringTime’s 2000 General Ledger - Posting the Entries
Dr (Cr), note "*" denotes entries netted - see journal entries
| #1 | #2 | #3 | #4 | #5 | #6 | #7 | #8 | #9 | #10 | Final TB | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bank-Operating fund | 500 | 350 | 850 | ||||||||
| Accounts receivable | 100 | 115 | 215 | ||||||||
| Allowance for doubtful accts | (50) | (50) | |||||||||
| Contributions receivable | 100 | (100) | - | ||||||||
| Prepaid expenses | 100 | 100 | |||||||||
| Flower Pin Inventory | 300 | (100) | 200 | ||||||||
| Accounts payable | (100) | * | (100) | ||||||||
| Due to capital fund | (100) | (100) | |||||||||
| Deferred contributions - SF | (200) | *(100) | *(115) | (415) | |||||||
| Operating fund - opening balance | (450) | (450) | |||||||||
| Flower Pin sales | (200) | (50) | (250) | ||||||||
| Flower Pin cost of sales | 100 | 100 | |||||||||
| Unrestricted contributions | (100) | 100 | - | ||||||||
| Spring Fling revenue | (700) | *100 | (600) | ||||||||
| Administration costs | 100 | 100 | |||||||||
| Spring Fling expenses | 400 | (100) | 300 | ||||||||
| Transfer to capital fund | 100 | 100 | |||||||||
| Bank-Capital fund | (60) | 150 | 90 | ||||||||
| Capital assets | 2000 | 200 | 2200 | ||||||||
| Accumulated amortization | (800) | (110) | (910) | ||||||||
| Bank loan - current portion | 160 | (130) | *(155) | (125) | |||||||
| Bank loan | (500) | 100 | (400) | ||||||||
| Due from operating fund | 100 | 100 | |||||||||
| Capital fund - opening balance | (720) | (720) | |||||||||
| Contribution for debt | (100) | 100 | - | ||||||||
| Capital contributions | (200) | (100) | (300) | ||||||||
| Transfer from operating fund | (100) | (100) | |||||||||
| Amortization | 110 | 110 | |||||||||
| Interest expense | *55 | 55 | |||||||||
| Accounts receivable - E- fund | 135 | 135 | |||||||||
| Bond | 10200 | (200) | 10000 | ||||||||
| Premium on bond | *190 | 190 | |||||||||
| Endowment fund-opening balance | - | - | |||||||||
| Interest Income-Endowment fund | (125) | (125) | |||||||||
| Endowment revenue | (10200) | (10200) |