Date Account titles and explanatioRef. Dr. Cr.

Jul-01 Cash 14000

Onwer's capital 14000

Equipment 10000
Cash 3000
Account payable 7000

Jul-03 Supplies 800

Account payable 800

Jul-05 Prepaid insurance 2160

Cash 2160

Jul-12 Account receivable 3800

revenue 3800

Jul-18 Account payable 1400

Cash 1400

Jul-20 Salaries and wages expense 1600

Cash 1600

Jul-21 Cash 1400

Accout recievable 1400

Jul-25 Account recievable 1900

Revenue 1900

Jul-31 Gasoline expense 400

Cash 400

Onwer's drawings 700

Cash 700
Insurnace expense 180
Prepaid insurance 180

Ashley's Maids Cleaning Service 38340 38340

Worketsheet
For the year ended 2021
Trial balance Adjusting entries
 Dr. Cr. Dr. Cr.
Cash 6140
Account receivabl 4300 1300
Supplies 800 700
Prepaid insurnace 2160 180
Equipment 10000
Accumulated depreciation-equipment 200
Account payable 6400
Salaries and wages payable 500
Owner's capital 14000
Owner's Drawings 700
Service revenue 5700 1300
Supplies expnse 700
Gasoline expense 400
Depreciation expense 200
Insurance expense 180
Salaries and wage 1600 500
Totals 26100 26100 2880 2880
Ney income
Totals
Adjusted trial balance Income statement Blanace sheet
Dr. Cr. Dr. Cr. Dr. Cr.
6140 6140
5600 5600
100 100
1980 1980
10000 10000
200 200
6400 6400
500 500
14000 14000
700 700
7000 7000
700 700
400 400
200 200
180 180
2100 2100
28100 28100 3580 7000 24520 21100
3420 3420
7000 7000 24520 24520
Ashley's Maids Cleaning Service
income statement
For the month ended July 31

Revenue
Service revenue 7000

Expenses
Supplies expn 700
Gasoline expe 400
Depreciation 200
Insurance exp 180
Salaries and 2100
Total expenses 3580
Net income 3420

Ashley's Maids Cleaning Service

Worketsheet
For the month ended July 31
Owner's capital, July 1 0
Add: Investment 14000
Net income 3420 17420
17420
Less: Onwer's drawings 700
Owner's capital, July 31 16720

Ashley's Maids Cleaning Service

Balance sheet
For the month ended July 31

Asset
Current asset
Cash 6140
Account receivable 5600
Supplies 100
Prepaid insurnace 1980
Total current asset 13820

Property, land and equipment

Equipment 10000
Accumulated depreciation 200 9800
Total asset 23620

Liabilities and owner's equity

Currnet liabilities
Account payable 6400
Salaries and wages payable 500
Total current liabilites 6900

Onwer's equity
Onwer's capital 16720
Total liabilites and owner's equity 23620

Date Account title Ref. Dr. Cr.

Jul-31 Income summ 3580
Supplies expnse 700
Gasoline expense 400
Depreciation expense 200
Insurance expense 180
Salaries and wages expens 2100

Service reven 7000

Income summary 7000

Owner's capit 700

Owner's drawings 700

Income summ 3420

Onwer's capital 3420

Post closing trial balance dr. cr.

Cash 6140
Account receivable 5600
Supplies 100
Prepiad Insurance 1980
Equioment 10000
Accumulateddepreciation-equoment 200
Account payable 6400
Salaries and wages payable 500
Onwer's capital 16720
23820 23820
Date Account title Ref. Dr. Cr.
Dec-06 Salaries and wages expens 600
Cash 600

Salaries and wages payable 1000

Cash 1000

Dec-08 Cash 2200

Aaccount recievable 2200

Dec-10 Cash 6300

Sales revenue 6300

Cost of goods sold 4100

Inventory 4100

Dec-13 Inventory 9000

Account payable 9000

Dec-15 Supplies 2000

Cash 2000

Dec-18 Account recievable 15000

Sales revenue 15000

Cost of goods sold 10000

Inventory 10000

Dec-20 Salaries and wages expens 1800

Cash 1800

Dec-23 Account payable 9000

inventory 180
Cash 8820

Dec-27 Cash 14550

Sale discount 450
Account recievable 15000

Adjusting
Salaries and wages expens 840
Salaries and wages payable 840

depreciation expense 200

Accumulated Depreciation 200

supplies expense 1700

supplies 1700
Rodriguez Distributing Company
Adjusted trial balance
December 31, 2017
Dr. Cr.
Cash 16030
Cost of goods sold 14100
Sale discount 450
Account recievable 2400
Inventory 6720
Supplies 1500
Equipment 22000
Accumulated depreciation-equioment 2400
Account payable 4500
Salaries and wages payable 840
Owner's capital 39300
Sale revenue 21300
Depreciation expense 200
Salaries and wages expense 3240
Supplies expense 1700
68340 68340

Income statement
Property, land and equipm
Sale
Sale revenue 21300
Less: Sale discount 750
sale return and allownaces 0 750
Net sales 20550
Cost of goods slod 14100
Gross frofit 6450

Operating expense Salaries and wages payable

Depreciation expense 200
Salaries and wages expense 3240
Supplies expense 1700
Total operating expense 5140
Income from operation 1310

Other revenue and gains

Interest revenue/ gain on disposal
Other expense and losses
Net income 1310
 comp
owner's equity statement
For the year ended 2017

Dec 1, 2017 onwer's capital 39300

Add: Investment
Net income 1310
Less: Onwer's drawings 0
Dec 31, 2017 onwer's capital 40610

comp
Balance sheet
December 31. 2017

Asset
Current asset
Cash 15730
Account recievable 2400
Inventory 6720
Supplies 1500
Total current asset 26350

Property, land and equipment

Equipment 22000
Less: Accumulated depr 2400 19600

Total asset 45950

Liabilities and owner's equity

Current liability
Account payable 4500
Salaries and wages payable 840
Total current liability 5340 0

Long-term liability
hong cos
Total long-term liability

Total liability 5340

Onwer's equity
Onwer's capital 40610

Total liabilities and onwer's equity 45950

Gibler Rental Compnay
Worksheet
For the month ended August 31, 2016
Account titlesTrial Balance Adjustment Adjusted trial balance
Dr. Cr. Dr. Cr. Dr.
Cash 20 20
Account recie 12 12
Prepaid rent 8 3
Supplies 10 4 6
Equioment 50 50
Accumulated depreciation 10 8
Account payable 20
Owner's capital 29
Onwer's draw 2 2
Rent revenue 73
Depreciation 6 8
Rent expense 4 3
Salaries and 20 10
Totals 132 132
Supplies expense 4
Salaries and wages payable 10
Total 25 25
Net income
Total

A) Cash received Account recievable 5000

588 Sales revenue
1261
4000 Cost of goods sold 3500
1176 Inventory
1862
Sales return and allowance 1400
Account recievable

Inventory 200
Cost of goods sold

Cash 1862
Account recievable
sales discount 38
justed trial balance Income statement Balance sheet
Cr. Dr. Cr. Dr. Cr.

18
20
29

75

FIFO Ending inveno(14*40 + 20*13) 1015

Average cost Ending inven (1745/150) 714

FIFO Average cost

Beginning inventory 280 280
Purchases
May-15 360
5000 May-18 585
May-24 560
1505 1465
3500 Goods available for sale 1785 1785
Ending inventory 1015 714
Cost of goods sold 770 1071
1400
Income would be grater with FIFO

200
1900
 Year Beginning boo
2014 80000
2015 48000
2016 28800
2017 17280
2018 10368
Aug-10 Allowance for 600
Account recievable 600

Sep-12 Allowance fo 3400

Account recievable 3400

Oct-10 Account recei 400 Cash 35000

Allowance for 400 Accumulated 36000
Loss on diposs 5000
Cash 400 Cost
Account recievable 400
Cash 16000
Nov-15 Account recei 200 Accumulated depreciation
Allowance for 200 Loss on dipossal of asset
Cost
Cash 200
Account recievable 200

verage cost Bad debt exp 4000

Balnace 8800
Declineing ratAnnula depreaccumulated book value
40% 32000 32000 48000
40% 19200 51200 28800
40% 11520 62720 17280
40% 6912 69632 10368
40% 6368 76000 4000

Machine B Machine A
depreciation 4032 depreciation 175
Accumulated derpreciatio 4032 Accumulated derpreciatio
76000

66752
66752 8825
2752
80000
175