1.

Journal entries and trial balance

Debit Credit
a. Cash 40,000
Sharon Matthews, Capital 40,000

b. Rent expense 6,000

Cash 6,000

c. Supplies 3,200
Cash 3,200

d. Accounts Payable 1,750

Cash 1,750

e. Cash 18,250
Fees Earned 18,250

f. Automobile Expense 1,880

Miscellaneous expense 420
Cash 2,300

g. Office Salaries Expese 5,000

Cash 5,000

h. Supplies Expense 1,400

Supplies 1,400

i. Sharon Matthews, Drawing 2,000

Cash 2,000
2. T Accounts

Cash Sharon Matthews, Capital

a. 40,000 6,000 b. 40,000 a.
e. 18,250 3,200 c.
1,750 d.
2,300 f.
5,000 g.
2,000 i.
58,250 20,250
Saldo 38,000

Rent Expense Supplies

b. 6,000 c. 3,200 1,400 h.

Saldo 1,800

Accpounts Payable Fees Earned

d. 1,750 18,250 e.

Automobile Expense Miscellaneous expense

f. 1,880 f. 420

Sharon Matthews, Drawing Supplies expense

g. 2,000 h. 1,400

Office Salaries Expense

g. 5,000
3. Trial Balance

Cash 38,000 Account Payable - 1,750

Supplies 1,800 Sharon Matthews, Capital 40,000
Sharon Matthews, Drawing - 2,000

Net Income 3,550

39,800 39,800
Income Statement
Revenue 18,250
Expense
Rent Expese 6,000
Supplies Expense 1,400
Automobile Expense 1,880
Miscellaneous Expense 420
Office Salaries Expense 5,000
Total Expense 14,700

Net Income 3,550

Owner's equity for January

Sharon Matthews, Capital 4,000

Sharon Matthews, Drawing - 2,000
Net Income 3,550
Increase of Owner's equity for January 1,550
Balance 5,550