General Journal Page J5

Date Account Titles and Explanation Ref. Debit Credit

June 1 Rent Expense 729 6500
Cash 101 6500
June 2 Cash 101 53700
Account Receivable 112 53700
June 4 Office Supplies 126 2300
Account Payable 201 2300
June 8 Account Receivable 112 4700
Service Revenue 400 4700
June 15 Automobile 103 8700
Owner's Capital 301 8700
June 16 Land 102 110000
Cash 101 30000
Note payable 200 80000
June 17 Account Payable 201 6450
Cash 101 6450
June 20 Account Receivable 112 17500
Service Revenue 400 17500
June 25 Advertising Expense 701 4120
Cash 101 4120
June 30 Salaries and Wages Expense 726 11900
Cash 101 11900
Owner's Drawing 306 4000
Cash 101 4000
 Cash No. 101
Balance
Date Items Ref. Debit Credit Debit Credit
May 31 Beginning 26.300
June 1 J5 6.500 19.800
June 2 J5 53.700 73.500
June 16 J5 30.000 43.500
June 17 J5 6.450 37.050
June 25 J5 4.120 32.930
June 30 J5 11.900 21.030
J5 4.000 17.030

Account Receivable No. 112

Balance
Date Items Ref. Debit Credit Debit Credit
May 31 Beginning 61.500
June 2 J5 53.700 7.800
June 8 J5 4.700 12.500
June 20 J5 17.500 30.000

Supplies No. 126

Balance
Date Items Ref. Debit Credit Debit Credit
May 31 Beginning 3.000
June 4 J5 2.300 5.300

Land No. 102

Balance
Date Items Ref. Debit Credit Debit Credit
May 31 Beginning 40.000
June 16 J5 110.000 150.000

Automobile No. 103

Balance
Date Items Ref. Debit Credit Debit Credit
May 31 Beginning 0.000
June 15 J5 8.700 8.700

Furniture No. 104

Balance
Date Items Ref. Debit Credit Debit Credit
May 31 Beginning 12.000

Account Payable No. 201

Balance
Date Items Ref. Debit Credit
 Date Items Ref. Debit Credit Debit Credit
May 31 Beginning 14.000
June 4 J5 2.300 16.300
June 17 J5 6.450 9.850

Notes Payable No. 200

Balance
Date Items Ref. Debit Credit Debit Credit
May 31 Beginning 0.000
June 16 J5 80.000 80.000

Sam Smith, Capital No. 301

Balance
Date Items Ref. Debit Credit Debit Credit
May 31 Beginning 86.800
June 15 J5 8.700 95.500

Sam Smith, Drawings No. 306

Balance
Date Items Ref. Debit Credit Debit Credit
May 31 Beginning 2.000
June 30 J5 4.000 6.000

Service Revenue No. 400

Balance
Date Items Ref. Debit Credit Debit Credit
May 31 Beginning 240.000
June 8 J5 4.700 244.700
June 20 J5 17.500 262.200

Rent Expense No. 729

Balance
Date Items Ref. Debit Credit Debit Credit
may 31 beginning 30.000
june 1 J5 6.500 36.500

Salaries and Wages Expense No. 726

Balance
Date Items Ref. Debit Credit Debit Credit
May 31 Beginning 148.200
June 30 J5 11.900 160.100

Advertising Expense No. 701

Balance
Date Items Ref. Debit Credit Debit Credit
May 31 Beginning 17.800
June 25 J5 4.120 21.920
 TIME2CLEAN
Trial Balance
June 30, 2022
Account Titles Balance
Debit Credit
Cash 17.030
Accounts Receivable 30.000
Supplies 5.300
Automobile 8.700
Note Payable 80.000
Accounts payable 9.850
Land 150.000
Furniture 12.000
Owner's Capital 95.500
Owner's Drawing 6.000
Service Revenue 262.200
Rent Expense 36.500
Salaries and Wages Exp 160.100
Advertising Expense 21.920
Total $447,550 $447,550
 TIME2CLEAN
Income Statement
For the Month Ended June 30, 2022
Revenue $262,200
Service Revenue
Expenses
Rent Expense $36,500
Salaries and Wages Expense $160,100
Advertising Expense $21,920
Total Expense $218,520
Net income $43,680

Owner's Equity Statement

Owner’s capital, May 31 2022 $86,800
Add: Investments $8,700
Add: Net income $43,680
Less: Drawings $6,000
Owner’s capital, June 30 $133,180

Balance Sheet
Assets
Cash $17,030
Account Receivable $30,000
Office Supplies $5,300
automobile $8,700
Furniture $12,000
Land $150,000
Total asset $223,030

Liabilities and Owner's Equity

Notes Payable $80,000
Accounts Payable $9,850
Owner's Capital $133,180
Total Liabilities and Owner's Equi $223,030