General Ledger
SpringTime’s 2000 General Ledger (Without Fund Accounting) - Posting the Entries
SpringTime’s 2000 General Ledger (Without Fund Accounting) - Posting the Entries
Dr (Cr), note "*" denotes entries netted - see journal entries
| #1 | #2 | #3 | #4 | #5 | #6 | #7 | #8 | #9 | #10 |
Final TB
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|---|---|---|---|---|---|---|---|---|---|---|---|
| Bank - operating account | 500 | 350 | 850 | ||||||||
| Bank - capital account | (60) | 150 | 90 | ||||||||
| Accounts receivable | 100 | 250 | 350 | ||||||||
| Allowance for doubtful accts | (50) | (50) | |||||||||
| Contributions receivable | 100 | (100) | - | ||||||||
| Prepaid expenses | 100 | 100 | |||||||||
| Bond | 10200 | (200) | 10000 | ||||||||
| Premium on bond | *190 | 190 | |||||||||
| Flower Pin Inventory | 300 | (100) | 200 | ||||||||
| Capital assets | 2000 | 200 | 2200 | ||||||||
| Accumulated amortization | (800) | (110) | (910) | ||||||||
| Accounts payable | (100) | * | (100) | ||||||||
| Bank loan - current portion | 160 | (130) | *(155) | (125) | |||||||
| Bank loan | (500) | 100 | (400) | ||||||||
| Deferred capital contributions | (400) | *(140) | (100) | (640) | |||||||
| Deferred contributions - SF | (200) | *(100) | (115) | (415) | |||||||
| Endowment receipts | (10200) | (125) | (10325) | ||||||||
| Net assets | (770) | (770) | |||||||||
| Contribution for debt | (100) | 100 | - | ||||||||
| Flower Pin sales | (200) | (50) | (250) | ||||||||
| Flower Pin cost of sales | 100 | 100 | |||||||||
| Capital contributions recognized | (60) | (60) | |||||||||
| Unrestricted contributions | (100) | 100 | - | ||||||||
| Spring Fling revenue | (700) | *100 | (600) | ||||||||
| Administration costs | 100 | 100 | |||||||||
| Amortization | 110 | 110 | |||||||||
| Interest expense | *55 | 55 | |||||||||
| Spring Fling expenses | 400 | (100) | 300 |