ACR 4.

1
Date Account Titles and Explanation P.R. Debit Credit
1 Cash 13,142
Share capital 13,142
Invesment from shareholder

2 Truck 8,000
Cash 2,000
Accounts payable 6,000
Truck payment

3 Supplies 900
Accounts payable 900
Supplies on credit

5 Prepaid Insurance 1,800

Cash 1,800
Prepaid Insurance payment

12 Accounts receivable 3,842

Service Revenues 3,842

18 Accounts Payable 1,500

Cash 1,500
Accounts Payable payment

20 Salaries expense 2,000

Cash 2,000
Salaries expense payment

21 Cash 1,600
Accounts receivable 1,600
Accounts receivable in Cash

25 Accounts receivable 2,642

Service Revenues 2,642

31 Maintenance expense 290

Cash 290
Maintenance expense payment

31 Retained earning 642

Dividend payable 642
Dividend payable 642
Cash 642
Dividend payment
Cash
DATE EXPLANTION PR Debit Credit Balance
1 Opening Balance
Invements from shareholder 13,142 - 13,142
2 Truck payment - 2,000 11,142
5 Prepaid Insurance payment - 1,800 9,342
18 Accounts Payable payment - 1,500 7,842
20 Salaries expense payment - 2,000 5,842
21 Accounts receivable in Cash 1,600 0 7,442
31 Maintenance expense payment - 290 7,152
31 Dividend payment - 642 6,510

Plant asset
DATE EXPLANTION PR Debit Credit Balance
1 Opening Balance
2 Adj entry 8,000 - 8,000

Supplies
DATE EXPLANTION PR Debit Credit Balance
1 Opening Balance
Adj entry 900 - 900

Accounts Receivable
DATE EXPLANTION PR Debit Credit Balance
1 Opening Balance
12 Adj entry 3,842 - 3,842
21 Adj entry 1,600 2,242
25 Adj entry 2,642 0 4,884

Prepaid Insurance
DATE EXPLANTION PR Debit Credit Balance
1 Opening Balance
Adj entry 1,800 - 1,800

Dividend
DATE EXPLANTION PR Debit Credit Balance
1 Opening Balance
Adj entry 642 - 642

Salaries expense
DATE EXPLANTION PR Debit Credit Balance
1 Opening Balance
 Adj entry 2,000 - 2,000

Maintenance expense
DATE EXPLANTION PR Debit Credit Balance
1 Opening Balance
Adj entry 290 - 290
Accounts payable
DATE EXPLANTPR Debit Credit Balance
1 Opening Balance
Adj entry 6,000 6,000
2 Adj entry - 900 6,900
5 Adj entry 1,500 5,400

Share capital
DATE EXPLANTPR Debit Credit Balance
1 Opening Balance
Adj entry - 13,142 13,142

Service revenues
DATE EXPLANTPR Debit Credit Balance
1 Opening Balance
Adj entry 0 3,842 3,842
2 Adj entry - 2,642 6,484
 Trial Balance

Debit Credit
Cash 6510
Plant assets 8000
Supplies 900
Accounts Receivable 4884
Prepaid Insurance 1800
Accounts Payable 5400
Share Capital 13142
Service revenues 6484
Dividend 642
Salaries expense 2000
Maintenance expense 290
Total 25026 25026
 Opening TB Adjustments
Account titles Debit Credit DEBIT
Cash 6,510
Plant assets 8,000
Supplies 900
Accounts Receivable 4,884 1,700
Prepaid Insurance 1,800
Accounts Payable 5,400
Share Capital 13,142
Service revenues 6,484
Dividend 642
Salaries expense 2,000 400
Maintenance expense 290
Retained earning
Income Summary

Insurance expenese 150

Salaries payable
Accumulated depreciation
Supplies expense 580
Depreciation expense 180
Sub total 25,026 25,026 3,010
Net Income/ Net Loss
Final Total

Adjustment entries

Date Account Titles and Explanation

1 Accounts receivable
Services revenue

2 Depreciation equipment
Accumulated Depreciation equipment

3 Insurance expense
 Prepaid Insurance

4 Supplies expense
Supplies

5 Salaries expense
Salaries payable
 Adjustments Adjusted TB Income statement BS and Stmt Of Owner’s Equ
CREDIT DEBIT CREDIT Debit Credit Debit
6,510 6,510
8,000 8,000
580 320 320
6,584 6,584
150 1,650 1,650
5,400
13,142
1,700 8,184 8,184
642 642
2,400 2,400
290 290

150 150
400 400
180 180
580 580
180 180
3,010 27,306 27,306 3,600 8,184
4,584
23,706

tion Debit Credit

1,700
1,700

180
180

150
 150

580
580

400
400
Stmt Of Owner’s Equity Closing entries Post-closing TB
Credit Debit Credit Debit Credit
6,510
8,000
320
6,584
1,650
5,400 5,400
13,142 13,142
8,184

2,400
290
3,942
3,600 8,184
4,584

400 400
180 180
580
180

4,584
23,706 23,064 23,064
 BECK EQ REPAIRS
INCOME STAMENTS BECK EQ REPA
FOR THE MONTH ENDED NOV 30 Retained earning sa
Service revenue 8,184 FOR THE MONTH END
Insurance expenese 150 Retain earning
Salaries expense 2,400 Add:
Maintenance expense 290 Net profit
Supplies expense 580 Less:
Depreciation expense 180 Dividends
Net Income 4,584 Rent earning ending
 BECK EQ REPAIRS
BECK EQ REPAIRS Stament of finacial position
Retained earning sataments FOR THE MONTH ENDED NOV 30
FOR THE MONTH ENDED NOV 30 NCA:
Retain earning 0 Equipment 8,000
Accumulated depreciation -E -180
Net profit 4,584 Current Asset:
Supplies 320
Dividends 642 Accounts Receivable 6,584
Rent earning ending 3,942 Cash 6,510
Prepaid Insuarance 1,650
Total assets 22,884
Equity:
Share Capital 13,142
Retain earnings 3,942
Liabilities:
Notes payable
Salaries payable 400
Accounts Payable 5,400
Interest payable
Total E and L: 22,884