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Date

July

July

General Journal
Description

1 Cash
Owners Capital
1 Equipment
Cash
Accounts Payable
3 Supplies
Accounts Payable
5 Prepaid Insurance
Cash
12 Accounts Receivable
Service Revenue
18 Accounts Payable
Cash
20 Salaries and Wages Expense
Cash
21 Cash
Accounts Receivable
25 Accounts Receivable
Service Revenue
31 Gasoline Expense
Cash
31 Owners Drawing
Cash
Totals
Adjusting Entries
31 Supplies Expense
Supplies
31 Insurance Expense
Prepaid Insurance
31 Depreciation Expense
Accumlated Depreciation- Equipment
31 Salaries and Wages Expense
Salaries and Wages Payable
31 Unearned Service Revenue

PR

Debit

14,000
10,000

800
1,800
3,800
1,400
1,600
1,400
1,500
400
600
37,300
700
150
200
500
1300

Service Revenue
Closing Entries
31 Service Revenue
Income Summary
31 Income Summary
Supplies Expense
Gasoline Expense
Depreciation Expense
Insurance Expense
Salaries and Wages Expense
31 Owner's Capital
Owner's Drawing
31 Income Summary
Owner's Capital

6600
3550

600
3050

Credit

14,000
3,000
7,000
800
1,800
3,800
1,400
1,600
1,400
1,500
400
600
37,300

700
150
200
500

1300

6600
700
400
200
150
2100
600
3050

Worksheet

Account Titles
101 Cash
112 Accounts Receivable
126 Supplies
130 Prepaid Insurance
157 Equipment
158 Accumulated Depreciation-Equipment
201 Accounts Payable
212 Salaries and Wages Payable
301 Owner's Capital
306 Owner's Drawings
350 Income Summary
400 Service Revenue
631 Supplies Expense
633 Gasoline Expense
711 Depreciation Expense
722 Insurance Expense
726 Salaries and Wages Expense
Totals
Unearned Service Revenue
Totals
Net Income
Totals

Trial Balance
Debit
Credit
6,600
3,900
800
1,800
10,000
6,400
14,000
600
5,300
400

1,600
25,700

25,700

Kristin's Maids Cleaning Service


Income Statement
For Month Ended July 31, 2014
Revenues:
Service Revenue
Total Revenues

6,600
6,600

Expenses:
Supplies Expense
Gasoline Expense
Depreciation Expense
Insurance Expense
Salaries and Wages Expense
Total Expenses
Net Income

Kristin's Maids Cleaning Service


Statement of Owner's Equity
For Month Ended July 31, 2014
Owner's Capital July 1, 2014
Add: Investments
Net Income
Less: Drawings
Owner's Capital July 31, 2014

700
400
200
150
2,100
3,550
3,050

0
14,000
3,050
-600
16,450

Kristin's Maids Cleaning Service


Balance Sheet
July 31, 2014
Assets:
Cash
Accounts Receivable
Supplies
Prepaid Insurance
Equipment
Less: Accumulated Depreciation-Equipment
Unearned Service Revenue
Total Assets
Liabilities:
Accounts Payable
Salaries and Wages Payable
Total Liabilities
Owner's Equity:
Owner's Capital July 31, 2014
Total Owner's Equity
Total Liabilities and Owner's Equity

6,600
3,900
100
1,650
10,000
-200
1,300
$

23,350

6,400
500
6,900
16,450
16,450
23,350

Kristin's Maids Cleaning Service


Post-Closing Trial Balance
July 31, 2014
Cash
Accounts Receivable
Supplies
Prepaid Insurance
Equipment
Accumulated Depreciation- Equipment
Unearned Service Revenue
Accounts Payable
Salaries and Wages Payable
Owner's Capital

Debit

Credit
6,600
3,900
100
1,650
10,000
200
1,300
6,400
500
16,450
23,550

23550

Adjustments
Debit
Credit

700
150
200
500

Adjusted
Trial Balance
Debit
Credit
###
###
100
1,650
###
200
###
500
###
###

1,300
700

1,300
2,850

6,600
700
###
200
150
2,100

200
150
500

2,850

Income Statement
Debit
Credit

1,300
27,700

6,600
700
400
200
150
2,100

27,700

3,550
3,050
6,600

6,600
6,600

Balance Sheet
Debit
Credit
6600
3900
100
1650
10000
200
6400
500
14000
600

1300
24150
24150

21100
3050
24150

Kristin's Maids Cleaning Service


Income Statement
For Month Ended July 31, 2014
Revenues:
Service Revenue
Total Revenues
Expenses:
Supplies Expense
Gasoline Expense
Depreciation Expense
Insurance Expense
Salaries and Wages Expense
Total Expenses
Net Income

Kristin's Maids Cleaning Service


Balance Sheet
July 31, 2014
Assets:
Cash
Accounts Receivable
Supplies
Prepaid Insurance
Equipment
Less: Accumulated Depreciation-Equipmen
Unearned Service Revenue

6,600
6,600

700
400
200
150
2,100
3,550
3,050

6,600
3,900
100
1,650
10,000
-200
1,300

Total Assets
Liabilities:
Accounts Payable
Salaries and Wages Payable
Total Liabilities
Owner's Equity:
Owner's Capital July 31, 2014
Total Owner's Equity
Total Liabilities and Owner's Equity

23,350

6,400
500
6,900
16,450
16,450
23,350

Kristin's Maids Cleaning Service


Statement of Owner's Equity
For Month Ended July 31, 2014
Owner's Capital July 1, 2014
Add: Investments
Net Income
Less: Drawings
Owner's Capital July 31, 2014

Date
July

0
14,000
3,050
-600

16,450

3
5

Kristin's Maids Cleaning Service


Post-Closing Trial Balance
July 31, 2014
Cash
Accounts Receivable
Supplies
Prepaid Insurance
Equipment
Accumulated Depreciation- Equipment
Unearned Service Revenue
Accounts Payable
Salaries and Wages Payable
Owner's Capital

12
Debit

Credit
6,600
3,900
100
1,650
10,000

18
20
21
200

1,300

25
6,400
500
16,450

31
31

23,550

23,550
July

31
31

31
31
31

General Journal
Description
Cash
Owners Capital
Equipment
Cash
Accounts Payable
Supplies
Accounts Payable
Prepaid Insurance
Cash
Accounts Receivable
Service Revenue
Accounts Payable
Cash
Salaries and Wages Expense
Cash
Cash
Accounts Receivable
Accounts Receivable
Service Revenue
Gasoline Expense
Cash
Owners Drawing
Cash
Adjusting Entries
Supplies Expense
Supplies
Insurance Expense

PR

Debit
14,000

Credit
14,000

Date
July

31

10,000
3,000
7,000

31

800
800
1,800
1,800
3,800

31
3,800

1,400

31
1,400

1,600
1,600
1,400
1,400
1,500
1,500
400
400
600
600
Credit

Debit
700

700
150

Prepaid Insurance
Depreciation Expense
Accumlated Depreciation- Equipment
Salaries and Wages Expense
Salaries and Wages Payable
Unearned Service Revenue
Service Revenue

150
200
200
500
500
1300
1300

General Journal
Description
Closing Entries
Service Revenue
Income Summary
Income Summary
Supplies Expense
Gasoline Expense
Depreciation Expense
Insurance Expense
Salaries and Wages Expense
Owner's Capital
Owner's Drawing
Income Summary
Owner's Capital

PR

Debit

Credit

6600
6600
3550
700
400
200
150
2100
600
600
3050
3050

Account Titles
101 Cash
112 Accounts Receivable
126 Supplies
130 Prepaid Insurance
157 Equipment
158 Accumulated Depreciation-Equipment
201 Accounts Payable
212 Salaries and Wages Payable
301 Owner's Capital
306 Owner's Drawings
350 Income Summary
400 Service Revenue
631 Supplies Expense
633 Gasoline Expense
711 Depreciation Expense
722 Insurance Expense
726 Salaries and Wages Expense
Totals
Unearned Service Revenue
Totals
Net Income
Totals

Trial Balance
Debit
Credit
6,600
3,900
800
1,800
10,000

Adjustments
Debit
Credit

700
150
200

6,400
500
14,000
600
5,300

1,300
700

6,600

200
150
500

700
400
200
150
2,100

1,300
2,850

1,300
27,700

400

1,600
25,700

Adjusted
Trial Balance
Debit
Credit
6,600
3,900
100
1,650
10,000
200
6,400
500
14,000
600

25,700
2,850

27,700

Income Statement
Debit
Credit

Balance Sheet
Debit
Credit
6600
3900
100
1650
10000
200
6400
500
14000
600

6,600
700
400
200
150
2,100

3,550
3,050
6,600

6,600

1300
24150

6,600

24150

21100
3050
24150