Nguyen Minh Van'S EXPENDITRURE

ADJUSTED TRIAL BALANCE Assumes that 1$=1,000VND

FOR MONTH ENDED On December 31,2022
DEBIT CREDIT
Cash $1,250
Account receivable 3,200
Prepaid rent expenses 11,200
Prepaid expenses-learning 0
Supplies 1,900
Accumulated depreciation- Supplies 150
Equipment 27,500
Accumulated depreciation- Equipment 1,300
Account payable 568
Owner, capital 40,000
Owner, withdrawals
Revenue 15,215
Part-time working revenue 9,200
Expenses 8,978
Rent expenses 8,400
Learning expenses 0
Depreciation expenses- Supplies 150
Depreciation expenses- Equipment 1,300
Utilities expenses 2,555
$66,433 $66,433
Date Transactions Description
1-Jan Payment for a friend lended from lash month is 150$

2-Jan Parents contributions for this month is 3,000$

3-Jan Receive 2,000$ in cash that Mr.T owed.

5-Jan Pay for personal expenses includes necesarry goods like meat, vegetables is 255$ in cash

6-Jan My older sister gived 1,000$ to buy clothes

8-Jan Buy 1 t-shirt and 1 jean for school is 520$

9-Jan Payment to buy essential items including food and water is 75$

11-Jan Lending to my friend 1,000$ for her purposes.

11-Jan Invest in SOA technology in accomodation is 450$ on credit

13-Jan Borrowed 150$ from my fiend to pay for travel transportations fee.

14-Jan Participating my friend's birth day with a gift is 200$ in cash

16-Jan Parents contributions for the remaining half of the month is 2,000$

17-Jan Paid for the installer SOA technology that I purchase on debt is 450$

19-Jan Purchases some goods in debt is 780$

20-Jan The friend paid the money that she borrowed on February 7 is 720$

21-Jan Payment for a creditor that I purchased goods on credit in February 17 is 650$

22-Jan Joining in a voluntary events and encouraged with 100$

23-Jan Paying money for personal spending to foods and other items is 225$

26-Jan Receive 200$ for helping a student homework.

28-Jan Payment to spa beauty and massage is 250$ for relaxing

31-Jan Have February salary from part time working revenue is 2,300$ for 15 days working

31-Jan Paid 450$ for electrical, water system in my place

1-Feb Pay the bus to school fee of $150 in cash.

3-Feb Give a classmate a cash loan of $200 for shopping.

4-Feb Volunteer for a day for the neighborhood and get $200 in cash.

5-Feb My sister gives me an allowance of $1,500 for the month of February

6-Feb Prepayment for 10 consecutive marketing lessons is $800 in cash.

8-Feb Buying more food and other necessary items on the inn is $220 with debt

10-Feb The classmate paid the money she borrowed from earlier was $50. The other half she will pay at a later time.

11-Feb Parents give extra money to live in the boarding house as well as maintain additional study is $ 3,000.

12-Feb The payment on the loan I made the other day when I bought items was $150.

14-Feb Paying for hair and beauty treatments is $350 in cash.

28-Feb Pay utilities for this month of $152 in cash.

On December 1, 2022 I decide to purchase a desk for learning in my place with the price is 1,900$, the useful life
28-Feb
is 10 months, the salvage price is 400$
On September 1 , I purchase a new HP laptop for learning is 27,500$, the useful life is 60 months, the salvage
28-Feb
price is 8,000$
28-Feb On December 1, 2022 Pay in advance for accommodation in 5 consecutive months is 14,000
 GENERAL JOURNAL
DATE DESCRIPTION DEBIT CREDIT
1-Jan Account payable $150
Cash 150
( to record payment for debt)
2-Jan Cash 3,000
Revenue 3,000
( to record parents contributions)
3-Jan Cash 2,000
Account receivable 2,000
( to record firend's payment to debt)
5-Jan Expenses 255
Cash 255
( to record money for expenses)
6-Jan Cash 1,000
Revenue 1,000
(to record revenue from my sister contributions)
8-Jan Expenses 520
Cash 520
( to record expenses)
9-Jan Expenses 75
Cash 75
( to record money for expenses)
11-Jan Account receivable 1,000
Cash 1,000
(to record the money for lending to friend)
11-Jan Supplies 450
Account payable 450
( to record the fees upgrade in debt)
13-Jan Expenses 150
Account payable 150
( to record the debt)
14-Jan Expenses 200
Cash 200
( to record expenses for party)
16-Jan Cash 2,000
Revenue 2,000
( to record the parents contributions)
17-Jan Account payable 450
Cash 450
( to record payment for debt)
19-Jan Expenses 780
Account payable 780
( to record debt)
20-Jan Cash 720
Account receivable 720
( to record the received amount from friend's debt)
21-Jan Account payable 650
Cash 650
( to record the payment for debt)
22-Jan Cash 100
Revenue 100
( to record revenue)
23-Jan Expenses 225
Cash 225
( to record expenses)
26-Jan Cash 200
Revenue 200
( to record revenue)
28-Jan Expenses 250
Cash 250
( to record expenses)
31-Jan Cash 2,300
Part-time working revenue 2,300
( to record amount received from part time revenue)
31-Jan Utilities expenses 450
Cash 450
( to record utilities expenses )
1-Feb Expenses 150
Cash 150
( to record expenses)
3-Feb Account receivable 200
Cash 200
( to record money lending to classmates)
4-Feb Cash 200
Part-time working revenue 200
( to record working revenue)
5-Feb Cash 1,500
Revenue 1,500
( to record the sister contributions)
6-Feb Prepaid learning expenses 800
Cash 800
( to record prepaid expenses for learning)
8-Feb Expenses 220
Account payable 220
( to record expenses)
10-Feb Cash 50
Account receivable 50
( to record classmate's payment to debt)
11-Feb Cash 3,000
Revenue 3,000
( to record parents contributions)
12-Feb Account payable 150
Cash 150
( to record payment for debt)
14-Feb Expenses 350
Cash 350
( to record expenses)
28-Feb Utilities expenses 152
Cash 152
( to record utilities expenses )
28-Feb Learning expenses 800
Prepaid learning expenses 800
( to record adjusting entries for prepaid expenses-learning)
28-Feb Depreciation expenses- supplies 300
Accumulated depreciation- supplies 300 The depreciation expenses for supplies in 2 months = ((1,900-400)/10)*2=300$
( to record the depreciation expenses for supplies)
28-Feb Depreciation expenses- equipment 650
Accumulated depreciation- equipment 650 The depreciation expenses for equipment in 2 months = ( (27,500-8,000)/60)*2 = 650$
( to record the depreciation expenses- equipment)
28-Feb Rent expenses 5,600
Prepaid rent expenses 5,600 The expense for rent in 2 month = (14,000*2)/5 =5,600$
( to record the rent expenses expired)
 NGUYEN MINH VANI'S EXPENDITRURE IN JANUARY AND FEBRUARY
TRIAL BALANCE
FOR 2 MONTHS ENDED ON FEBRUARY 28,2023
UNADJUSTED ADJUSTING ADJUSTED INCOME STATEMENT BALANCE SHEET & STATEMENT OF
Account No.
DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
Cash 11,293 11,293 11,293
Account receivable 1,630 1,630 1,630
Prepaid rent expenses 11,200 5,600 5,600 5,600
Prepaid learning expenses 800 800 0 0
Supplies 2,350 2,350 2,350
Accumulated depreciation- Supplies 150 300 450 450
Equipment 27,500 27,500 27,500
Accumulated depreciation- equipment 1,300 650 1,950 1,950
Account payable 768 768 768
Owner, Capital 40,000 40,000 40,000
Owner, Withdrawals 0 0 0
Revenue 26,015 26,015 26,015
Part time working revenue 11,700 11,700 11,700
Expenses 12,153 12,153 12,153
Rent expenses 8,400 5,600 14,000 14,000
Learning expenses 0 800 800 800
Depreciation expenses- Supplies 150 300 450 450
Depreciation expenses- Equipment 1,300 650 1,950 1,950
Utilities expenses 3,157 3,157 3,157
$79,933 $79,933 $7,350 $7,350 $80,883 $80,883 $32,510 $37,715 $48,373 $43,168
 Close Revenue Account To Income Summary Close Expense Account To Income Summary
DEBIT CREDIT DEBIT CREDIT
28-Feb Revenue 26,015 28-Feb Income summary 32,510
Working revenue 11,700 Expenses 12,153
Income summary 37,715 Rent expenses 14,000
( To close income summary Learning expenses 800
account) Depreciation expense- supplies 450
Depreciation expense- equipment 1,950
Utilities expenses 3,157
( to close income summary account )
Income summary
32,510 37,715
5,205

Close Income Summary To Owner's Capital Close Withdrawals account to income summary
DEBIT CREDIT DEBIT CREDIT
28-Feb Income summary 5,205 28-Feb Van, Contributed capital 0
Retained earnings 5,205 Van, withdrawals 0
(to close income summary (to close income summary
account ) account )
 NGUYEN MINH VANI'S EXPENDITRURE IN JANUARY AND FEBRUARY NGUYEN MINH VANI'S EXPENDITRURE IN JANUARY AND FEBRUARY
INCOME STATEMENT BALANCE SHEET
For 2 months ended on February 28,2023 For 2 months ended on February 28,2023
Revenues ASSETS LIABILITIES & EQUITY
Revenue 26,015 Cash 11,293 Account payables 768
Working revenue 11,700 Account receivable 1,630 Total Liabilities 768
Total revenues 37,715 Prepaid rent expenses 5,600
Expenses Learning expenses 0
Expenses 12,153 Supplies 2,350
Rent expenses 14,000 Equipment 27,500 Equity
Learning expenses 800 Less: Linh Nhi, Capital,28/2/2023 45,205
Depreciation expenses- Supplies 450 Accumulated depreciation- Supplies 450
Depreciation expenses- Equipment 1,950 Accumulated depreciation- equipment1,950
Utilities expenses 3,157 Total assets 45,973 Total Liabilities & Equity 45,973
Total expenses 32,510
Net income 5,205
NGUYEN MINH VANI'S EXPENDITRURE IN JANUARY AND
STATEMENT OF OWNER EQUITY
For 2 months ended on February 28,2023
Minh Van, Capital on January 1,2023 40,000
Plus: Net income 5,205
Total 45,205
Less: Withdrawals by owner 0
Minh Van, Capital on February 28,2023 45,205