| Bank |
Admin Expense |
Spring Fling Expenses |
Spring Fling Receipts |
Unrestricted receipts |
Flower Pin receipts |
Endowment receipt |
Bond Purchase |
| 500 |
100 |
400 |
(700) |
(100) |
(200) |
(10,200) |
10,200 |
SpringTime
Synoptic Journal Totals - Capital Fund - Dr (Cr)
December 31, 2000
| Bank |
Debt Contribution |
Debt Payment |
| (60) |
(100) |
160 |
When starting from scratch, the first step in accounting is usually either to record the opening balances or the cash transactions for the year. Taking the results from our synoptic or cash journals, we will record the following entries:
| |
dr |
cr |
| Bank - operating fund |
500 |
|
| Administration costs |
100 |
|
| Spring Fling expenses |
400 |
|
| Spring Fling revenue |
|
700 |
| Unrestricted contributions |
|
100 |
| Flower Pin revenue |
|
200 |
| Endowment receipts |
|
10200 |
| Bond |
10200 |
|
| |
dr |
cr |
| Bank - capital fund |
|
60 |
| Contribution for debt |
|
100 |
| Bank loan - current portion |
160 |
|
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