Chart of Account

NO Account Title Debit Credit

101 Cash in bank $ 6,400
102 Account Receivable $ 12,860
103 Office Supplies $ 640
104 Prepaid Advertising
105 Prepaid Insurance
121 Removal Vans $ 93,600
122 Accumulated Depreciation--removal vans $ 39,400
123 Office Equipment $ 6,200
124 Acumulated Depreciation--Office Equipment $ 3,500
201 Account Payable $ 10,800
202 Unearned Removal fees $ 2,260
301 A. Alron, Capital $ 76,600
302 A. Alron, Drawings $ 20,600
401 Removal Fees Earned $ 92,700
501 Insurance Expense $ 8,180
502 Wages Expense $ 54,620
503 Advertising Expense $ 3,880
504 Maintenance Expense $ 7,600
505 Fuel and oil Expense $ 10,680
506 Depreciation Expense-Removal Vans
507 Depreciation Expense-Office Equipment
508 Office Supplies Expense

TOTAL $ 225,260 $ 225,260

 Go-Move Removal
Adjusting Journal Entries
31-Dec-17

Date Description No. Acc Debit Credit

Dec-17 31 Depreciation Expense-Removal Vans 506 $ 8,520
Accumulated Depreciation--removal vans 122 $ 8,520
31 Depreciation Expense-Office Equipment 507 $ 1,520
Acumulated Depreciation--Office Equipment 124 $ 1,520
31 Office Supplies Expense 508 $ 380
Office Supplies 103 $ 380
31 Unearned Removal fees 202 $ 680
Removal Fees Earned 401 $ 680
31 Prepaid Advertising 104 $ 600
Cash in bank 101 $ 600
31 Account Receivable 102 $ 1,060
Removal Fees Earned 401 $ 1,060
31 Fuel and oil Expense 505 $ 240
Account Payable 201 $ 240
31 Insurance Expense 501 $ 740
Cash in bank 101 $ 740

TOTAL $ 13,740 $ 13,740

 Go-Mo
Work
12/

Trial Balance
No Account Title
Debit Credit
101 Cash in bank $ 6,400
102 Account Receivable $ 12,860
103 Office Supplies $ 640
104 Prepaid Advertising
105 Prepaid Insurance
121 Removal Vans $ 93,600
122 Accumulated Depreciation--removal vans $ 39,400
123 Office Equipment $ 6,200
124 Acumulated Depreciation--Office Equipment $ 3,500
201 Account Payable $ 10,800
202 Unearned Removal fees $ 2,260
301 A. Alron, Capital $ 76,600
302 A. Alron, Drawings $ 20,600
401 Removal Fees Earned $ 92,700
501 Insurance Expense $ 8,180
502 Wages Expense $ 54,620
503 Advertising Expense $ 3,880
504 Maintenance Expense $ 7,600
505 Fuel and oil Expense $ 10,680
506 Depreciation Expense-Removal Vans
507 Depreciation Expense-Office Equipment
508 Office Supplies Expense

TOTAL
 Go-Move Removal
Working Paper
12/31/2017

Adjusting Entries Adjusted Trial Balance Income Statement

Debit Credit Debit Credit Debit
$ - $ 1,340 $ 5,060 -
$ 1,060 $ - $ 13,920 -
$ - $ 380 $ 260 -
$ 600 $ - $ 600 -
$ - $ - $ - -
$ - $ - $ 93,600 -
$ - $ 8,520 $ 47,920
$ - $ - $ 6,200 -
$ - $ 1,520 $ 5,020
$ - $ 240 $ 11,040
$ 680 $ - $ 1,580
$ - $ - $ 76,600
$ - $ - $ 20,600 -
$ - $ 1,740 $ 94,440
$ 740 $ - $ 8,920 - $ 8,920
$ - $ - $ 54,620 - $ 54,620
$ - $ - $ 3,880 - $ 3,880
$ - $ - $ 7,600 - $ 7,600
$ 240 $ - $ 10,920 - $ 10,920
$ 8,520 $ - $ 8,520 - $ 8,520
$ 1,520 $ - $ 1,520 - $ 1,520
$ 380 $ - $ 380 - $ 380
-
$ 13,740 $ 13,740 $ 236,600 $ 236,600 $ 96,360
$ (1,920)
$ 94,440
Income Statement Balance Sheet
Credit Debit Credit
$ 5,060 -
$ 13,920 -
$ 260 -
$ 600 -
$ - -
$ 93,600 -
$ 47,920
$ 6,200 -
$ 5,020
$ 11,040
$ 1,580
$ 76,600
$ 20,600 -
$ 94,440
-
-
-
-
-
-
-
-

$ 94,440 $ 140,240 $ 142,160

$ (1,920)
$ 94,440 $ 140,240 $ 140,240
 Go-Move Removal
Income Statement
12/31/2017

Revenue
Removal Fees Earned $ 94,440

Total revenue $ 94,440

Expenses
Insurance Expense $ 8,920
Wages Expense $ 54,620
Advertising Expense $ 3,880
Maintenance Expense $ 7,600
Fuel and oil Expense $ 10,920
Depreciation Expense-Removal Vans $ 8,520
Depreciation Expense-Office Equipment $ 1,520
Office Supplies Expense $ 380

Total Expense $ 96,360

Profit (Loss) $ (1,920)
 Go-Move Removal
Statement of Changes in Equity
For the End of December 31, 2017

A. Alron, Capital at 1 Dec 2017 76600

Profit (Loss) -1920
A. Alron, Drawings 20600
Changes in Owner's Equity -22520
A. Alron, Capital at 31 Dec 2017 54080
 Go-Move Removal
Balance Sheet
For the End of December 31, 2017

ASSETS
CURRENT ASSETS
Cash in bank 5060
Account Receivable 13920
Office Supplies 260
Prepaid Advertising 600
Prepaid Insurance 0
TOTAL CURRENT ASSETS 19840

FIXED ASSETS
Removal Vans 93600
Accumulated Depreciation--removal vans 47920 45680
Office Equipment 6200
Acumulated Depreciation--Office Equipment 5020 1180
TOTAL FIXED ASSETS 46860
TOTAL ASSETS 66700
 Removal
e Sheet
ecember 31, 2017

PAYABLE AND EQUITY

ACCOUNT PAYABLES
Account Payable 11040
Unearned Removal fees 1580

TOTAL ACCOUNT PAYABLES 12620

OWNER'S EQUITY
A. Alron, Capital 54080

TOTAL ACCOUNT PAYABLE

AND OWNER'S EQUITY 66700