Document 1A-1 PhotographyInteroffice MemorandumTo:StudentDate: September 1 2007F

Document 1A-1 PhotographyInteroffice MemorandumTo:StudentDate: September 1 2007From:Phillip BrowningSubject:INITIAL INVESTMENTPlease record the following initial investment in A-1 Photography:Cash$10000 Photographic Equipment $50000Office Equipment$25000Vehicle$12500Enter $10000 as a deposit in the checkbook.Document 2 Interoffice MemorandumTo: StudentFrom:Phillip BrowningDate:September 1 2007Subject:Unearned ServicesI received a check today for $6000 from Providence Country Club to photograph events held at the club over the next 12 months.Document 3ATLANTIC INSURANCE INC.Please detach and return with your payment817 99 80ATLANTIC INSURANCE INC.3918 Wilshire Blvd. Greensboro NC 27405TO ASSURE PROPERPremium StatementCREDIT WRITE YOUR02-25-2007AnnualDuePOLICY NUMBER ONAuto Policy No.PremiumDateYOUR PAYMENTAnnual Premium$2400817 99 80$2400ReceiptPolicy Coverage: 12 Months beginning Sept. 1 2007APPROVED FOR PAYMENTA-1 PHOTOGRAPHY9/1/07 P.B.$24009000 Clare blvd.Charlotte NC 28002Document 4DOUGLAS REALTY 213 389-60141800 VEVERLY BLVD.CHARLOTTE NC 28002RentAmount DueA-1 PHOTOGRAPHY9/1/07 to 12/31/07$36009000 Clare blvd.Charlotte NC 28002APPROVED FOR PAYMENT9/1/07 P.B.Document 5Darkroom SuppliersAce Camera612 Wilshire Blvd. Charlotte NC 28802 Invoice B 1068-3213-852-2163A-1 PHOTOGRAPHY9000 Clare blvd.Terms: Net 30Charlotte NC 28002Date: Sept. 5 2007QuantityDescriptionUnit PriceTotal10 quartsDeveloper$6.00$60.002 dozenFilm Drying Chip12.00/dozen 24.0036 rollsFilm5.00180.00Total264.00Document 6Deposit TicketA-1 PHOTOGRAPHY 213-478-3584CASHCurrency215.909000 Clare blvd.Coin0.0Charlotte NC 28002List checks Singly140.50250.60Date Sept. 6 2007956.00Total from other side6000.00Total7563.00Less cash received0.0Net Deposit7563.00Central National BankBox 1739 Terminal AnnexCharlotte NC 280021 122000661 1400-083857 01362Note: Document 6 includes $6000.00 deposit received and recorded in document 2. Therefore cash services provided in document 6 and not yet recorded amount to $1563.Document 7COMPUTER SALES AND SERVICE250 BLACKWELL STREETCHARLOTTE NC 28002Date:Sept. 10 2007Terms:30 daysSold to:A-1 PHOTOGRAPHY9000 Clare blvd.Charlotte NC 28002QuantityItemPrice Total1Fastway 300 System$4000.00$4000.00Total Amount Due:$4000.00Note: Charge to Office EquipmentDocument 8P.O. 4172San Diego CA 91403National PhotographyINVOICESUBS. SERVICE PERIODNO. OF ISSUES LOW RATEYOU SAVEAMT. DUESept. 1 2006 to Aug. 31 200712 $18.0062%$18.00APPROVED FOR PAYMENT9/10/07 P.B.Reply by date 9/15/2007A-1 PHOTOGRAPHY9000 Clare blvd.Charlotte NC 280022909 2MNT3 12488 DR105 2 069 00900 5Charge to Miscellaneous Expenses P.B.Document 9A-1 PHOTOGRAPHY9000 Clare blvd.Charlotte NC 28002CLIENT INVOICEDate:9/11/2007Sold to:Jerri Wiles9 Chiles AveCharlotte NC 28002Invoice No: 10Service:Wedding pictures and videoTotal amount due: $1500All accounts are due and payable within 30 days.Document 10Deposit TicketA-1 PHOTOGRAPHY 213-478-3584CASHCurrency405.609000 Clare blvd.Coin0.0Charlotte NC 28002List checks Singly 50.90160.40Date Sept. 11 2007220.30Total from other side450.80Total1288.00Less cash received0.0Net Deposit1288.00Central National BankBox 1739 Terminal AnnexCharlotte NC 280021 122000661 1400-083857 01362Document 11SAFEGUARD OIL COMPANY245 DOHNEY St. Charlotte NC 28802Account No. 29306213-389-6041Gas and Oil Service Sept. 12 2007Amount Due: $200.00Approved for Payment9/12/07 P.B.Document 12Interoffice MemorandumTo: StudentFrom:Phillip BrowningDate:September 12 2007Subject:Bank LoanI have completed negotiations with Central National Bank to borrow $20000. Prepare a journal entry to issue a 60 day 10% note to the bank for that amount.Document 13Date:September 15 2007THE CHARLOTTE NEWSClassified Department1608 Sixth StreetCharlotte NC 28802TO:A-1 Photography9000 Clare Blvd.Charlotte NC 28802Description:Advertisement ? 9/9/07 to 10/9/07Amount Due:$350.00APPROVED FOR PAYMENTDocument 14A-1 PHOTOGRAPHY9000 Clare blvd.Charlotte NC 28002Date:9/18/2007Sold to:Allied Energy Inc.325 Brooks SreetCharlotte NC 28002Invoice No: 15Service:Photography- Annual ReportTotal amount due: $2700All accounts are due and payable within 30 days.Document 15Deposit TicketA-1 PHOTOGRAPHY 213-478-3584CASHCurrency 351.109000 Clare blvd.Coin 0.00Charlotte NC 28002List checks Singly 50.60 49.50Date Sept. 18 2007 20.60Total from other side4700.20Total25172.00Less cash received0.0Net Deposit25172.00Central National BankBox 1739 Terminal AnnexCharlotte NC 280021 122000661 1400-083857 01362NOTE: This deposit ticket includes the $20000 from issuing the note payable to the Bank.Document 16Wholesale Office Supply Inc.500 Henderson RoadCharlotte NC 28002Date:Sept. 19 2007Terms:30 daysSold to:A-1 PHOTOGRAPHY9000 Clare blvd.Charlotte NC 28002QuantityItemPrice Total20Laser paper$10.00$200.002Desk calendars$15.00$30.00Total Amount Due:$230.00Document 17Royal Maintenance2318 Oak StreetCharlotte NC 28002Invoice NO. 9925-A213-478-6912Quality WorkmanshipDependable BondedCleaning Services Sept. 22 2007$100.00Approved For PaymentDue Upon Receipt9/22/07 P.B.Document 18Photographic Suppliers Inc.1300 Joel Ave.Charlotte NC 28002Date:Sept. 22 2007Terms:30 daysSold to:A-1 PHOTOGRAPHY9000 Clare blvd.Charlotte NC 28002QuantityItemPrice Total1Video camera$2900.$2900.20High speed film$30.00$600.0010Developing paper$20.00$200.00Total Amount Due:$3700.00Document 19Interoffice MemorandumTo: StudentFrom:Phillip BrowningDate:September 25 2007Subject:Cash WithdrawalPlease issue me a check for $1000.00Document 20Interoffice MemorandumTo: StudentFrom:Phillip BrowningDate:September 25 2007Subject:Land PurchasePlease make check for $7500 to King Developers Inc. for a tract of land I purchased for a future office site.Document 21Deposit TicketA-1 PHOTOGRAPHY 213-478-3584CASHCurrency 250.909000 Clare blvd.Coin 0.00Charlotte NC 28002List checks Singly 135.00 40.50Date Sept. 25 2007 600.20Total from other side2500.40Total4527.00Less cash received0.0Net Deposit4527.00Central National BankBox 1739 Terminal AnnexCharlotte NC 280021 122000661 1400-083857 01362Document 22Interoffice MemorandumTo: StudentFrom:Phillip BrowningDate:September 25 2007Subject:Bimonthly salariesPlease issue checks to employees for salaries for September 1-28 for a total of $3500.00Note: Make check out to ?Payroll?Document 23Charlotte Department of Water and PowerPlease keep above portion for your records.When paying mail this portion or bring entire bill to office.Mail payments to P.O. box 1719 Charlotte NC 28006A-1 PHOTOGRAPHY 213-478-3584This bill is subject to interest charges9000 Clare blvd.on Oct. 15 2007Charlotte NC 28002Amount Paid if DifferentServiceFrom 9/1/07To 9/30/07Approved For Payment9/30/07 P.B.PLEASE PAY THIS AMOUNT NOW DUE$275.00412285000002400001302000000051534Document 24Interoffice MemorandumTo: StudentFrom:Phillip BrowningDate:September 30 2007Subject:Payment on accountIssue a check for $264 Darkroom Suppliers in payment of September 5 2007.Note: Refer to Document 5.Document 25Interoffice MemorandumTo: StudentFrom:Phillip BrowningDate:September 20 2007Subject:Adjusting entriesPlease make the following adjustments on September 30 2007.A.Adjust unearned photographic service revenue for September. Assume photographic revenue is earned evenly over the entire year. (refer to Document 2)B.Expired insurance (refer to Document 3)C.Expired rent (refer to Document 4)D.Photographic supplies on hand September 30 $315.00E.Office Supplies on hand September 30 $125.00F.Depreciation on photographic equipment for September $400.00G.Depreciation on office equipment for September $250.00H.Depreciation on vehicle for September $500.00I.Salaries accrued on September 300$350.00J.Accrue interest o note payable (refer to Document 12 use a 360-day year)KEY FIGURES1.Work sheet trial balance$1481802.Worksheet adjustments 40543.Worksheet adjusted trial balance 1497804.Net income 92535.Philip Browning capital Sept. 30 2007 1057536.Total assets Sept. 30 2007 1396337.Post closing trial balance 140783