Problem #13

Journalizing, Posting and Preparting a Trial Balance

Journal Entry
Date Account Titles and Explanation P.R
2021
April 2 Painting Equipment
Villanueva, Capital
Invested equipment

2 Cash
Villanueva, Capital
Placed a business checking account

3 Service Vehicle
Cash
Notes Payable
Acquired service vehicle

4 Painting Supplies
Accounts Payable
Purchased painting supplies on account

5 Accounts Receivable
Painting Revenues
Billed customer for service rendered

7 Cash
Painting Revenues
Received cash on service rendered

10 Painting Supplies
Cash
Purchased painting supplies on cash

11 Cash
Accounts Receivable
Received cash on accounts receivable on April 5

12 Prepaid Insurance
Cash
Paid for an insurance policy

13 Accounts Receivable
Painting Revenues
Billed customer for service rendered

14 Wages Expenses
Cash
Payment for wages expense

15 Maintenance Expense
 Cash
Payment for maintenance expense

18 Accounts Payable
Cash
Payment for accounts payable on April 4

20 Painting Equipment
Painting Supplies
Accounts Payable
Purchased painting equipment and supplies on account

22 Utilities Expense
Accounts Payable
Received a telephone bill

23 Cash
Accounts Recievable
Received cash on accounts receivable

24 Withdrawals, Villanueva
Cash
Withdrawal by owner

25 Cash
Painting Revenues
Received cash on painting revenue

27 Notes Payable
Cash
Payment for notes payable

29 Wages Expense
Cash
Payment for wages expense
Debit Credit Cash
April 2 71,000 50,000 April 3
12,300 April 7 1,500 1,600 April 10
12,300 April 11 4,800 4,000 April 12
April 23 3,300 1,500 April 14
April 25 3,600 400 April 15
71,000 3,200 April 18
71,000 3,000 April 24
2,000 April 27
1,800 April 29
80,000 84,200 67,500
50,000 Balance 16,700
30,000

Prepaid Insurance
3,200 April 12 4,000
3,200 4,000
Balance 4,000

4,800
4,800
Notes Payable
April 27 2,000 30,000 April 3
1,500 2,000 30,000
1,500 Balance 28,000

1,600
1,600
Villanueva, Withdrawls
April 24 3000
4,800 3000
4,800 Balance 3000

4,000
4,000
Utilities Expense
April 22 600
6,200 600
6,200 Balance 600

1,500
1,500

400
 400

3,200
3,200

6,000
2,900
8,900

600
600

3300
3300

3000
3000

3600
3600

2000
2000

1800
1800
 T Accounts
Accounts Receivable Painting Supplies
April 5 4,800 4,800 April 11 April 4 3,200
April 13 6,200 3,300 April 23 April 10 1,600
11,000 8,100 April 20 2,900
Balance 2,900 7,700
Balance 7,700

Painting Equipment Service Vehicle

April 2 12,300 April 3 80,000
April 20 6,000 80,000
18,300 Balance 80,000
Balance 18,300

Acccounts Payable Villanueva, Capital

April 18 3,200 3,200 April 4 12,300 April 2
8,900 April 20 71,000 April 2
600 April 22 83,300
3,200 12,700 Balance 83,300
Balance 9,500

Painting Revenues Wages Expenses

4,800 April 5 April 14 1,500
1,500 April 7 April 29 1,800
6,200 April 13 3,300
3,600 April 25 Balance 3,300
16,100
Balance 16,100

Maintenance Expense
April 15 400
400
Balance 400
 Winnie Villanueva
Trial Balance
May 31, 2022
Cash 16,700
Accounts Recievable 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
Villanueva, Capital 83,300
Villlanueva, Withdrawals 3000
Painting Revenue 16,100
Wages Expense 3,300
Utilities Expense 600
Maintenance Expense 400
Total 136,900 136,900