Mulles Data Encoders

T-Accounts
For the Month Ended June 1, 2015

Cash Rent Expense

A 157,000 B 15,150 E 5,300

BAL. 5,300
F 5,160 D 15,000
L 10,900 E 5,300
Utilities Expense
G 5,000
J 1,240 J 1,240
BAL. 1,240
K 3,230
M 8,400 Mulles, Withdrawal
N 4,500
N 4,500
= 173,060 = 57,820 BAL. 4,500
BAL. 115,240
Service Revenues
Office Equipment F 5,160
B 15,150 L 10,900
BAL. 16,060
C 57,500
BAL. 72,650
Supplies
Computer Software I 2,290
BAL. 2,290
D 39,000
BAL. 39,000
Advertising Expense
Accounts Payable K 3,230
BAL. 3,230
D 24,000
G 4,000 Signage
I 2,290
G 9,000
BAL. 30,290
BAL. 9,000

Mulles, Capital Salaries Expense

A 157,000 M 8,400
C 57,500 BAL. 8,400
BAL. 214,500

Mulles Data Encoders

 Journal Entries
For the Month Ended June 1, 2015

Account Titles Debit Credit

a Cash 157,000
Mulles, Capital 157,000

b Office Equipment 15,150

Cash 15,150

c Office Equipment 57,500

Mulles, Capital 57,500

d Computer Software 39,000

Cash 15,000
Accounts Payable 24,000

e Rent Expense 5,300

Cash 5,300

f Cash 5,160
Service Revenues 5,160

g Signage 9,000
Cash 5,000
Accounts Payable 4,000

h No entry
i Supplies 2,290
Accounts Payable 2,290

j Utilities Expense 1,240

Cash 1,240

k Advertising Expense 3,230

Cash 3,230

l Cash 10,900
Service Revenues 10,900

m Salaries Expense 8,400

Cash 8,400

n Mulles, Withdrawals 4,500

Cash 4,500

Mulles Data Encoders

Trial Balance
 For the Month Ended June 1, 2015

Accounts Debit Credit

Cash 115,240
Supplies 2,290
Office Equipment 72,650
Computer Software 39,000
Signage 9,000
Accounts Payable 30,290
Mulles, Capital 214,500
Mulles, Withdrawals 4,500
Service Revenues 16,060
Salaries Expense 8,400
Advertising Expense 3,230
Rent Expense 5,300
Utilities Expense 1,240
Total 260,850 260,850

Mulles Data Encoders

Worksheet
For the Month Ended June 1, 2015
 Trial Balance Income Statement Balance Sheet
Accounts Debit Credit Debit Credit Debit Credit
Cash 115,240 115,240
Supplies 2,290 2,290
Office Equipment 72,650 72,650
Computer Software 39,000 39,000
Signage 9,000 9,000
Accounts Payable 30,290 30,290
Mulles, Capital 214,500 214,500
Mulles, Withdrawals 4,500 4,500
Service Revenues 16,060 16,060
Salaries Expense 8,400 8,400
Advertising Expense 3,230 3,230
Rent Expense 5,300 5,300
Utilities Expense 1,240 1,240

Totals 260,850 260,850 18,170 (16,060) 242,680 (244,790)

Net Loss (2,110) (2,110)
Totals 18,170 (18,170) 242,680 (242,680)