Accounts Ledger Form
Accounts Ledger Form
Date: [Month Day, Year]
Account Type: General Ledger
Account Name: Office Supplies Expense
Account Number: 5020
Transaction Summary
|
Date |
Description |
Reference |
Debit ($) |
Credit ($) |
Balance ($) |
|
Opening Balance |
OB-2024 |
1,000 |
|||
|
Stationery Purchase |
INV-1001 |
300 |
1,300 |
||
|
Printer Ink Purchase |
INV-1002 |
150 |
1,450 |
||
|
Correction for Overcharge |
CRN-101 |
50 |
1,400 |
||
|
Office Chair Purchase |
INV-1003 |
200 |
1,600 |
Closing Balance as of January 20, 2084: $1,600
Analysis
-
Total Debits: $650 (Sum of all expenses incurred)
-
Total Credits: $50 (Adjustment for overcharge)
-
Net Activity: $600 (Total Debits - Total Credits)
-
Closing Balance: Increased from $1,000 to $1,600, reflecting the net activity in the Office Supplies Expense account.
This ledger reflects all transactions related to office supplies for the month. The increase in the closing balance indicates additional expenses incurred during the period. The correction entry on Jan 15, 2084, shows an adjustment for an overcharge, demonstrating our commitment to accurate financial tracking.
Prepared By: [Your Name], Accountant
Date: [Month Day, Year]
