This account

increases with a
Lou's Chart of Accounts Account type _____
Bank Asset Debit
Accounts Receivable Asset Debit
Visa Liability Credit
Due to Loan Liability Credit
Retained Earnings Equity Credit
Landscaping Income Revenue Credit
Subcontractor Expense Debit
Rental Expense Expense Debit
Advertising & Promo Expense Debit
Bank Charges Expense Debit
 General Journal
Date Description Debit (Dr) Credit (Cr)

Jul 1 Small business loan of $10,000 to grow the business

Bank 10,000.00
Due to Loan 10,000.00

Jul 3 Landscape invoice to the Smith 20xx-0002

Accounts Receivable 750.00
Landscaping Income 750.00
Bank 750.00
Accounts Receivable 750.00

Jul 4 Landscape paid for Ads to Penny Saver Check 0001

Bank 450.00
Advertising & Promo 450

Jul 7 Landscape rented a equipment -paid using credit card

Visa 1,000.00
Rental Expense 1000

Jul 9 Landscape invoice to the Martian 20xx-0003

Accounts Receivable 250.00
Landscaping Income 250.00
Bank 250.00
Accounts Receivable 250.00

Jul 12 Landscape invoice to the Slates 20xx-0004

Accounts Receivable 2,500.00
Landscaping Income 2,500.00

Jul 18 Landscape invoice to the Robbins 20xx-0004

Accounts Receivable 2,000.00
Landscaping Income 2,000.00

Jul 4 Landscape paid Sub Contractor for Job Check 0002

Sub Contractor 650.00
Advertising & Promo 650
Jul 31 Bank service charge of $10
Bank Charges 10.00
Bank 10.00
Yellow = Balance Sheet Items
Green = P&L/Income Statement Items
 General Ledger
Account / Date Transaction Debit Credit
Bank 10,000.00
Due to Loan 10,000.00
Bank Accounts Receivable 750.00
1-Jul Landscaping Income 750.00
Advertising Expense 450.00
Bank 450.00
Rental Expense 1000
Visa 1,000.00
31-Jul Accounts Receivable 250.00
Accounts Receivable Landscaping Income 250.00
3-Jul Accounts Receivable 2,500.00
Landscaping Income 2,500.00
Accounts Receivable 2,000.00
Landscaping Income 2,000.00
Sub Contractor 650.00
Bank 650.00
Visa Bank Charges 10.00
Bank 10.00
Bank 750.00
Accounts Receivable 750.00
Due to Loan Bank 250.00
1-Jul Accounts Receivable 250.00

Retained Earnings

Landscaping Income
3-Jul
 Trial Balance
Debit Credit
Account Name
Bank 9,890.00
Accounts Receivable 4,500.00
Visa 1,000.00
Due to Loan 10,000.00
Retained Earnings
Landscaping Income 5,500.00
Subcontractor 650.00
Rental Expense 1,000.00
Advertising & Promo 450.00
Bank Charges 10.00

Total 16,500.00 16,500.00

NOTE: Remember when bringing numbers from General Ledger to

Trial Balance, you must first get the debit OR credit balance for each
account and only put numbers on one side in Trial Balance.
 Lou's Landscaping
Income Statement
July 1-31

Monthly Income Statement

Income (Revenues)
Landscaping Income 5,500.00

Gross Income 5,500.00

Operational Expenses
Subcontractor 650.00
Rental Expense 1,000.00
Advertising & Promo 450.00
Bank Charges 10.00

Total Expenses 2,110.00

Net Income $ 3,390.00