30810137d58f76b84afd 2018-12-31 iso4217:USD pure journal 001 iso639:en 2024-12-31 Charles Hoffman, CPA Journal entries for 2024; box audit example. 2024-01-01 2024-12-31 iso4217:usd http://xbrlsite.com/id#30810137d58f76b84afd Company Name Charles Hoffman, CPA 2024-01-31 gj JE standard JE-201 Investment by owner to open a lemonade stand. 1 000-1100-00 mini:CashAndCashEquivalents mini:ProceedsFromInvestmentsByOwner 10000 D 2024-01-01 other posted 2 000-3100-00 mini:PaidInCapital mini:InvestmentsByOwner 10000 C 2024-01-01 other posted Charles Hoffman, CPA 2024-01-31 gj JE standard JE-202 Long term borrowing to purchase refrigerator. 1 000-1100-00 mini:CashAndCashEquivalents mini:ProceedsFromAdditionalLongtermBorrowings 2000 D 2024-01-02 other posted 2 000-2300-00 mini:LongtermDebt mini:AdditionalLongtermBorrowings 2000 C 2024-01-02 other posted Charles Hoffman, CPA 2024-01-31 gj JE standard JE-203 Purchase of refrigerator using cash from additional borrowings. 1 000-1500-00 mini:PropertyPlantAndEquipment mini:CapitalAdditionsPropertyPlantAndEquipment 1000 D 2024-01-05 other posted 2 000-1100-00 mini:CashAndCashEquivalents mini:PaymentForCapitalAdditionsOfPropertyPlantEquipment 1000 C 2024-01-05 other posted Charles Hoffman, CPA 2024-01-31 gj JE standard JE-203 Purchase of refrigerator using cash from additional borrowings. 1 000-1500-00 mini:PropertyPlantAndEquipment mini:CapitalAdditionsPropertyPlantAndEquipment 1000 D 2024-01-05 other posted 2 000-1100-00 mini:CashAndCashEquivalents mini:PaymentForCapitalAdditionsOfPropertyPlantEquipment 1000 C 2024-01-05 other posted Charles Hoffman, CPA 2024-01-31 gj JE standard JE-204 Purchase of lemons to put intoinventory on account. 1 000-1300-00 mini:Inventories mini:PurchasesOfInventoryForSale 5000 D 2024-01-10 other posted 2 000-2150-00 mini:AccountsPayable mini:PurchasesInventoryForSaleOnAccount 5000 C 2024-01-10 other posted Charles Hoffman, CPA 2024-01-31 gj JE standard JE-205 Payment for contractor to work the lemonade stand. 1 000-5100-00 mini:CostsOfSales mini:NetIncomeLoss 3000 D 2024-01-15 other posted 2 000-2150-00 mini:AccountsPayable mini:PurchasesInventoryForSaleOnAccount 3000 C 2024-01-15 other posted Charles Hoffman, CPA 2024-01-31 gj JE standard JE-206 Costs related to sales on account. 1 000-1200-00 mini:Receivables mini:IncreaseInReceivablesFromSalesOnAccount 8000 D 2024-01-16 other posted 2 000-4100-00 mini:Sales mini:NetIncomeLoss 8000 C 2024-01-16 other posted 3 000-5100-00 mini:CostsOfSales mini:NetIncomeLoss 2000 D 2024-01-16 other posted 4 000-1300-00 mini:Inventories mini:DecreaseInInventoriesFromSales 2000 C 2024-01-16 other posted Charles Hoffman, CPA 2024-01-31 gj JE standard JE-206 Sales on account. 1 000-1200-00 mini:Receivables mini:IncreaseInReceivablesFromSalesOnAccount 8000 D 2024-01-16 other posted 2 000-4100-00 mini:Sales mini:NetIncomeLoss 8000 C 2024-01-16 other posted 3 000-5100-00 mini:CostsOfSales mini:NetIncomeLoss 2000 D 2024-01-16 other posted 4 000-1300-00 mini:Inventories mini:DecreaseInInventoriesFromSales 2000 C 2024-01-16 other posted Charles Hoffman, CPA 2024-01-31 gj JE standard JE-207 Collection of accounts receivable. 1 000-1100-00 mini:CashAndCashEquivalents mini:ProceedsFromCollectionOfReceivables 8000 D 2024-01-20 other posted 2 000-1200-00 mini:Receivables mini:CollectionOfReceivables 8000 C 2024-01-20 other posted Charles Hoffman, CPA 2024-01-31 gj JE standard JE-208 Payment of accounts payable. 1 000-2150-00 mini:AccountsPayable mini:DecreaseFromPaymentAccountsPayable 7000 D 2024-01-21 other posted 2 000-1100-00 mini:CashAndCashEquivalents mini:PaymentOfAccountsPayable 7000 C 2024-01-21 other posted Charles Hoffman, CPA 2024-01-31 gj JE standard JE-209 Payment of long term debt including accrued interest. 1 000-2300-00 mini:LongtermDebt mini:RepaymentLongtermBorrowings 1000 D 2024-01-25 other posted 2 000-1100-00 mini:CashAndCashEquivalents mini:PaymentForReductionOfLongtermBorrowings 1000 C 2024-01-25 other posted 3 000-1100-00 mini:CashAndCashEquivalents mini:PaymentInterest 150 C 2024-01-25 other posted 4 000-2160-00 mini:AccruedExpenses mini:DecreaseFromPaymentOfInterest 150 D 2024-01-25 other posted Charles Hoffman, CPA 2024-01-31 gj JE standard JE-210 Accrual of interest on debt. 1 000-5400-00 mini:InterestExpense mini:NetIncomeLoss 150 D 2024-01-24 other posted 2 000-2160-00 mini:AccruedExpenses mini:InterestAccrued 150 C 2024-01-24 other posted Charles Hoffman, CPA 2024-01-31 gj JE standard JE-223 Closing entry. Inventory write offs, adjust to physical. 1 000-5100-00 mini:CostsOfSales mini:NetIncomeLoss 300 D 2024-01-28 other posted 2 000-1300-00 mini:Inventories mini:InventoryWrittenOff 300 C 2024-01-28 other posted Charles Hoffman, CPA 2024-01-31 gj JE standard JE-224 Closing entry. Depreciation and amortization expensed. 1 000-5200-00 mini:DepreciationAndAmortization mini:NetIncomeLoss 100 D 2024-01-28 other posted 2 000-1500-00 mini:PropertyPlantAndEquipment mini:DecreaseFromDepreciationAndAmortization 100 C 2024-01-28 other posted Charles Hoffman, CPA 2024-01-31 gj JE standard JE-225 Closing entry. Write of of PPE. 1 000-1500-00 mini:PropertyPlantAndEquipment mini:PropertyPlantAndEquipmentWrittenOff 0 D 2024-01-28 other posted 2 000-5500-00 mini:NonoperatingIncomeExpenses mini:NetIncomeLoss 0 C 2024-01-28 other posted Charles Hoffman, CPA 2024-01-31 gj JE standard JE-226 Closing entry. Book taxes. 1 000-6100-00 mini:IncomeTaxExpenseBenefit mini:NetIncomeLoss 400 D 2024-01-29 other posted 2 000-2160-00 mini:AccruedExpenses mini:InterestAccrued 400 C 2024-01-29 other posted