Week 4-5 ULOb Lets Check Activity 1

JOURNAL ENTRIES

April 2 Painting Equipment 12,300

Cash 71,000
Virtudazo, Capital 83,300
To record initial investment.

3 Service Vehicle 80,000

Cash 50,000
Notes Payable 30,000
Acquisition of service vehicle.

4 Painting Supplies 3,200

Accounts Payable 3,200
Acquisition of supplies on account.

5 Accounts Receivable 4,800

Painting Revenues 4,800
Billed customer for services rendered.

7 Cash 1,500
Painting Revenues 1,500
Received payment for services rendered.

10 Painting Supplies 1,600

Cash 1,600
Paid for supplies acquired.

11 Cash 4,800
Accounts Receivable 4,800
Received collection for previously billed customer on April 5.

12 Prepaid Insurance 4,000

Cash 4,000
Acquired insurance for one year.

13 Accounts Receivable 6,200

Painting Revenues 6,200
Billed customer for services rendered.

14 Wages Expense 1,500

Cash 1,500
Payment of salaries.

15 Maintenance Expense 400

Cash 400
Paid for service vehicle tune-up.

18 Accounts Payable 3,200

Cash 3,200
Payment for accounts on supplies last April 4.

20 Painting Equipment 6,000

Painting Supplies 2,900
Accounts Payable 8,900
Acquired ladder and painting supplies on account.

22 Utilities Expense 600

Accounts Payable 600
Received telephone bill due next month.

23 Cash 3,300
Accounts Receivable 3,300
Received collection for previously billed customer on April 13.

24 Virtudazo, Withdrawals 3,000

Cash 3,000
 Transferred cash to personal account.

25 Cash 3,600
Painting Revenues 3,600
Received cash for services rendered.

27 Notes Payable 2,000

Cash 2,000
Partial payment for service vehicle.

29 Wages Expense 1,800

Cash 1,800
Payment of salaries.

GENERAL LEDGER

Cash Accounts Receivable Painting Supplies

4-2 71,000 50,000 4-3 4-5 4,800 4,800 4-11 4-4 3,200
4-7 1,500 1,600 4-10 4-13 6,200 3,300 4-23 4-10 1,600
4-11 4,800 4,000 4-12 11,000 8,100 4-20 2,900
4-23 3,300 1,500 4-14 2,900 7,700
4-25 3,600 400 4-15
3,200 4-18
3,000 4-24
2,000 4-27
1,800 4-29
84,200 67,500
16,700

Prepaid Insurance Painting Equipment Service Vehicle

4-12 4,000 4-2 12,300 4-3 80,000
4,000 4-20 6,000 80,000
18,300

Notes Payable Accounts Payable Virtudazo, Capital

4-27 2,000 30,000 4-3 4-18 3,200 3,200 4-4 83,300 4-2
28,000 8,900 4-20 83,300
600 4-22
3,200 12,700
9,500

Virtudazo, Withdrawals Painting Revenues Wages Expense

4-24 3,000 4,800 4-5 4-14 1,500
3,000 1,500 4-7 4-29 1,800
6,200 4-13 3,300
3,600 4-25
16,100

Utilities Expense Maintenance Expense

4-22 600 4-15 400
600 400
 Nanette Virtudazo
Trial Balance
April 30, 2020

Dr. Cr.
Cash 16,700
Accounts Receivable 2,900
Painting Supplies 7,700
Prepaid Insurance 4,000
Painting Equipment 18,300
Service Vehicle 80,000
Notes Payable 28,000
Accounts Payable 9,500
Virtudazo, Capital 83,300
Virtudazo, Withdrawals 3,000
Painting Revenues 16,100
Wages Expense 3,300
Utilities Expense 600
Maintenance Expense 400
Total 136,900 136,900