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LEE CHANG CLEANING SERVICE


General Journal
July 1-31, 2010

Date Account Titles and Explannation Debet Credit


2010
July, 1 Cash 20,000
Capital stock 20,000
Truck 9,000
Cash 4,000
Account Payable 5,000
July, 3 (Shop) Cleanning Suplies 2,100
Account Payable 2,100
July, 5 Unexp Insurance 1,800
Cash 1,800
July, 12 Account Receivable 4,500
Cleanning Service Revenue 4,500
July,18 Account Payable 2,900
Cash 2,900
July,20 Sallary Expense 2,000
Cash 2,000
July, 21 Cash 3,400
Account Receivable 3,400
July, 25 Account Receivable 9,000
Cleanning Service Revenue 9,000
July,31 Gas and Oil 350
Cash 350
Prive 1,600
Cash 1,600
56,650 56,650
Account Receivabel
LEE CHANG CLEANING SERVICE
LEDGER

CASH CAPITAL STOCK


July, 1 20,000 July, 1 4,000
July, 21 3,400 July, 5 1,800
July,18 2,900
July, 20 2,000
July, 31 350
July, 32 1,600
10,750

TRUCK ACCOUNT PAYABLE


July, 1 9,000 July,18 2,900

9,000

(Shop) CLEANNING SUPPLIES Unexp INSURANCE


July, 3 2,100 July, 5 1,800

2,100 1,800

ACCOUNT RECEIVABLE CLEANNING SERVICE REVENUE


July, 12 4,500 July, 21 3,400
July, 25 9000

10,100

SALLARY EXPENSE GAS AND OIL


July, 20 2,000 July, 31 350

2,000 350

PRIVE
July, 31 1,600

1,600
ICE 2 LEE CHANG CLEANING SERVICE
UN ADJUSTED TRIAL BALLANCE
July 1-31, 2010
CAPITAL STOCK CASH
July, 1 20,000 CAPITAL STOCK
TRUCK
ACCOUNT PAYABLE
(Shop) CLEANNING SUPPLIES
Unexp INSURANCE
ACCOUNT RECEIVABLE
20,000 CLEANNING SERVICE REVENUE
SALLARY EXPENSE
GAS AND OIL
CCOUNT PAYABLE PRIVE
July, 1 5,000
July, 3 2,100

(4,200)

Unexp INSURANCE

NING SERVICE REVENUE


July, 12 4,500
July, 25 9,000

13,500

GAS AND OIL


EANING SERVICE
TRIAL BALLANCE
31, 2010
10,750
20,000
9,000
4,200
2,100
1,800
10,100
13,500
2,000
350
1,600
37,700 37,700
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LEE CHANG CLEANING SERVICE
General Journal (After Posting)
July 31, 2010

Date Account Titles and Explannation Debet Credit


2010
July, 1 Cash 20,000
Capital stock 20,000
Truck 9,000
Cash 4,000
Account Payable 5,000
July, 3 (Shop) Cleanning Suplies 2,100
Account Payable 2,100
July, 5 Unexp Insurance 1,800
Cash 1,800
July, 12 Account Receivable 4,500
Cleanning Service Revenue 4,500
July,18 Account Payable 2,900
Cash 2,900
July,20 Sallary Expense 2,000
Cash 2,000
July, 21 Cash 3,400
Cleanning Service Revenue 3,400
July, 25 Account Receivable 9,000
Cleanning Service Revenue 9,000
July,31 Gas and Oil 350
Cash 350
Prive 1,600
Cash 1,600
Account Receivable 2,700
Cleanning Service
Deppreciation ExpenseRevenue
of 2,700
Eequipment 500
Accumulated Deppreciation of
Eequipment 500
Insurance Expense 150
Unexpired insurance 150
Suplies Expense 1,400
Shop Suplies 1,400
Sallary Expense 1,000
Sallary Payable 1,000
62,400 62,400
LEE CHANG CLEANING SERVICE
LEDGER (ADJUSTED)

CASH CAPITAL STOCK


July, 1 20,000 July, 1 4,000
July, 21 3,400 July, 5 1,800
July,18 2,900
July, 20 2,000
July, 31 350
July, 32 1,600
10,750

TRUCK ACCOUNT PAYABLE


July, 1 9,000 July,18 2,900

9,000

(Shop) CLEANNING SUPPLIES Unexp INSURANCE


July, 3 2,100 July, 31 1,400 July, 5 1,800

700 1,650

ACCOUNT RECEIVABLE CLEANNING SERVICE REVENUE


July, 12 4,500 July, 21 3,400
July, 25 9000
July,31 2,700
12,800

SALLARY EXPENSE GAS AND OIL


July, 20 2,000 July, 31 350
July,31 1,000

3,000 350

PRIVE Deppreciation Expense of Eequipment


July, 31 1,600 July, 31 500

1,600 500

Accumulated Deppreciation of Eequipment Insurance Expense


July, 31 500 July, 31 150
500 150

Suplies Expense Sallary Payable


July, 31 1,400

1,400
ICE 4 LEE CHANG CLEANING SERVICE
ADJUSTED TRIAL BALLANCE
July 31, 2010
CAPITAL STOCK CASH
July, 1 20,000 CAPITAL STOCK
TRUCK
ACCOUNT PAYABLE
(Shop) CLEANNING SUPPLIES
Unexp INSURANCE
ACCOUNT RECEIVABLE
20,000 CLEANNING SERVICE REVENUE
SALLARY EXPENSE
GAS AND OIL
CCOUNT PAYABLE PRIVE
July, 1 5,000 Deppreciation Expense of Eequipment
July, 3 2,100 Accumulated Deppreciation of Eequipment
Insurance Expense
(4,200) Suplies Expense
Sallary Payable
Unexp INSURANCE
July 31, 150
5 LEE CHANG CLEANING SERVICE
FINANCIAL STATEMENT
July 31, 2010
Revenue
NING SERVICE REVENUE CLEANNING SERVICE REVENUE
July, 12 4,500 Expenses
July, 25 9,000 SALLARY EXPENSE
July,31 2,700 Deppreciation Expense of Eequipment
16,200 GAS AND OIL Expese
Insurance Expense
GAS AND OIL Suplies Expense
EBIT

LEE CHANG CLEANING SERVICE


OWNER'S EQUITY STATEMENT

ion Expense of Eequipment Retained Earning July, 1


EBIT
Less Prive
Retained Earning July, 31

LEE CHANG CLEANING SERVICE


BALLANCE SHEET
nsurance Expense
ASSETS
CASH
ACCOUNT RECEIVABLE
(Shop) CLEANNING SUPPLIES
Unexp INSURANCE
Sallary Payable TRUCK
July, 31 1,000 Less Accumulated Deppreciation of Eequipment

LIABILITIES & STOCK HOLDERS EQUITY


1,000 LIABILITIES
ACCOUNT PAYABLE
Sallary Payable
Total Liabilities
STOCK HOLDERS EQUITY
CAPITAL STOCK
Retained Earning July, 31
Total Stock Holders Equity
Total Liabilities & Stock Holders Equity
ANING SERVICE
AL BALLANCE
2010
10,750
20,000
9,000
4,200
700
1,650
12,800
16,200
3,000
350
1,600
500
Eequipment 500
150
1,400
1,000
41,900 41,900

ANING SERVICE
TATEMENT
2010

16,200

3,000
500
350
150
1,400
10,800

ANING SERVICE
TY STATEMENT

-
10,800
1,600
9,200

ANING SERVICE
E SHEET

ETS
10,750
12,800
700
1,650
9,000
500 8,500
34,400
K HOLDERS EQUITY

4,200
1,000
5,200

20,000
9,200
29,200
34,400
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LEE CHANG CLEANING SERVICE
General Journal (CLOSSING ENTRIES)
July 31, 2010

Date Account Titles and Explannation Debet Credit


2010
July, 31 Cleanning Service Revenue 16,200
Income Summary 16,200
July, 31 Income Summary 5,400
SALLARY EXPENSE
Deppreciation Expense of 3,000
Eequipment 500
GAS AND OIL Expese 350
Insurance Expense 150
Suplies Expense 1,400
July, 31 Income Summary 10,800
Retained Earning 10,800
July, 31 Retained Earning 1,600
Prive 1,600
CLEANNING SERVICE REVENUE INCOME SUMMAR
16,200 16,200 5400

SALLARY EXPENSE
3,000 3000 RETAINED EARNIN

Deppreciation Expense of Eequipment


500 500
PRIVE

GAS AND OIL


350 350

Insurance Expense
150 150

Suplies Expense
1,400 1400
INCOME SUMMARY
16,200

10,800 10,800

RETAINED EARNING
1,600 10,800

9,200

PRIVE
1,600 1,600
7 LEE CHANG CLEANING SERVICE
AFTER CLOSSING TRIAL BALLANCE
July 31, 2010

CASH 10,750
CAPITAL STOCK 20,000
TRUCK 9,000
ACCOUNT PAYABLE 4,200
(Shop) CLEANNING SUPPLIES 700
Unexp INSURANCE 1,650
ACCOUNT RECEIVABLE 12,800
Accumulated Deppreciation of Eequipment 500
Sallary Payable 1,000
Retained Earning July, 31 9,200
34,900 34,900

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