Journal

GENERAL JOURNAL
Account Names

Date
12/1/16 Cash
truck
capital
"Recieve cash and Truck for capital"
12/1/16 prepaid insurance
cash
"Prepaid for 9 months"
12/4/16 office supplies
cash
"paid cash for office supplies"
12/12/16 Cash
Service Revenue
Perform and recieve cash for delivery"
12/15/16 accounts recievable
service revenue
"Lage job and put on account"
12/18/16 salary expense
cash
"Paid salaries"
12/20/16 cash
service revenue
"Perform job and got cash"
12/22/16 cash
unearned revenue
"Collected in advance"
12/25/16 cash
accounts receivable
"collected cash on account"
12/27/16 fuel expense
account payable
Paid fuel on account"
12/28/16 account receiveable
service revenue
"Perfom job on account"
12/29/16 offic rent
cash
Paid office rent for month"
12/30/16 account payable
cash
"Paid cash on account"
12/31/16 withdrawal

Debit
$8,000.00
$12,000.00

Credit

$20,000.00
$900.00
$900.00
$500.00
$500.00
$1,800.00
$1,800.00
$2,600.00
$2,600.00
$700.00
$700.00
$3,000.00
$3,000.00
$1,100.00
$1,100.00
$2,600.00
$2,600.00
$250.00
$250.00
$1,700.00
$1,700.00
$1,200.00
$1,200.00
$250.00
$250.00
$2,400.00

Journal

12-31-A

12-31-B

12-31-C

12-31-D

12-31-E

12-31-F

12/31/16
Clos 1
12/31/16
Clos 2

12/31/16
Clos 3.
12/31/16
Clos 4

cash
"Withdrawal cash"
salarie expense
salaries payable
"Accrued salaries"
Depr
Accumulated Depreciation
"Depr on truck"
Insurance expense
Prepaid insurance
"Paid for month of insurance"
supplie expense
office supplies
"Office supplies on hand"
unearned revenue
Service Revenue
"Unearned during month"
accounts receivable
Service revenue
"Accured Service"
Closing Entries
Service revenue
Income Summary
"closing Service revenue"
Income Summary
Salaries expense
Deprciation expense
Insurance
Fuel
Rent expense
Supplies expense
"Closing expenses"
Income Summary
Mannings Capital
"Closing Income"
Mannings Capital
Mannings Withdrawal
"Closing Withdrawal"

$2,400.00
$700.00
$700.00
$100.00
$100.00
$100.00
$100.00
$350.00
$350.00
$900.00
$900.00
$1,250.00
$1,250.00

$11,250.00
$0.00
$3,400.00
$1,400.00

$100.00
$100.00
$250.00
$1,200.00
$350.00
$7,850.00
$7,850.00
$2,400.00
$2,400.00

Journal

Ledger

12-1

Cash
$8,000.00

12-12

$1,800.00

12-20
12-22
12-25

$3,000.00
$1,100.00
$2,600.00

Bal

12-1
bal
bal

12-30
bal

clos4

$900.00
$500.00
$700.00
$1,200.00
$250.00
$2,400.00

12-1
12-4
12-18
12-29
12-30
12-31

12-15
12-28
bal
adj
Bal

GENERAL LEDGER
Accts. Rec.
$2,600.00
2,600 12-25 12-4
$1,700.00
$1,700.00
bal
$1,250.00
bal
$2,950.00

Office Supplies
$500.00
$350.00 Adj

$500.00
$150.00

$10,550.00

Prepaid insurance
$900.00
$900.00
$800.00

100 Adj

12-1
bal

Accounts payable
$250.00
$250.00 12-27
bal

Salaries payable
$0.00 bal
$700.00 Adj
$700.00 bal

capital
$2,400.00 $20,000.00 12-1 12-31
$20,000.00 bal
bal
$7,850.00 clos
$25,450.00 Bal

Service Revenue
clos 2 $11,250.00
$1,800.00 12-12
$2,600.00 12-15
$3,000.00 12-20
$1,700.00 12-28
$9,100.00 bal
$900.00 adj
$1,250.00 adj
$11,250.00 bal

Truck
$12,000.00
$12,000.00

12-18
bal
Adj
Bal
Bal

Accum. Decprec. Truck

$100.00 adj

Adj

Withdrawal
$2,400.00
$2,400.00 clos 4clos 2
$2,400.00
clos 3
0 bal

Salaries expense
$700.00
$1,400.00 clos 2
$700.00
$700.00
$1,400.00
0

unearned Revenue
$900.00
$1,100.00 12-22
$1,100.00 bal
$200.00 bal

Income Summary
$3,400.00 $11,250.00 clos 1
$7,850.00
0 balance

Depreciation

Ledger
bal
adj

12-29
bal

Depreciations exp. Truck

100

Adj
Bal
bal

Rent expenses
$1,200.00
$1,200.00 clos 2 Adj
$1,200.00
bal
0 bal

GENERAL LEDGER0
Insurance expense
$100.00
$100.00 clos 212-27
$100.00
bal
0

Supplies expense
$350.00
$350.00
$350.00 clos 2
0 bal

Fuel Expense
$250.00
$250.00 clos 2
$250.00
0 bal

Ledger

Unadjusted

Manning Delievery Service

TRIAL BALANCE
Unadjusted Trail balance
December 31, 2016
Account Name
cash
Accounts Receivable
Office Supplies
Prepaid insurance
Truck
Unearned
Capital
Withdrawal
Service Revenue
Salaries expense
fuel expense
Rent expense
Total

Debit
$10,550.00
$1,700.00
$500.00
$900.00
$12,000.00

Credit

$1,100.00
$20,000.00
$2,400.00
$9,100.00
$700.00
$250.00
$1,200.00
$30,200.00

$30,200.00

ADjusted

Manning Delivery Service

TRIAL BALANCE
Adjusted
December 31, 2016
Account Name
cash
Accounts Receivable
Office Supplies
prepaid Insurance
Truck
Accumulated Depr
Salaries payable
Unearned Revenue
Capital
Withdrawals
Service Revenue
Salaries expense
Depreciation expense
insurance expense
fuel expense
rent expense
supplie expense
total

Debit
$10,550.00
$2,950.00
$150.00
$800.00
$12,000.00

Credit

$100.00
$700.00
$200.00
$20,000.00
$2,400.00
$11,250.00
$1,400.00
$100.00
$100.00
$250.00
$1,200.00
$350.00
$32,250.00

$32,250.00

Income

Financial Statement Title

Mannings Delivery Service
Income Statement
Month Ended December 31, 2016
Revenues
Service Revenues

$11,250.00

Expense
Salaries expense
Rent expense
Depreciation expense
fuel expense
insurance expense
supplies expense
Total expense
Net income()

$1,400.00
$1,200.00
$100.00
$250.00
$100.00
$350.00
$3,400.00
$7,850.00

Statement of owner

Financial Statement Title

Mannings Delievery Service
Statement of Owner's Equilty
Month ended December 31, 2016
Mannings, Capital, December 1, 2016
Owner Contribution
Net Income for the month
Owner Withdrawal
Mannings, Capital, December 31, 2016

0
$20,000.00
$7,850.00
$27,850.00
-$2,400.00
$25,450.00

Balance Sheet

Mannings Delivery Service

Balanc Sheet
December 31, 2014
Assets

Current Assets
Cash
Accounts Receivable
Office Supplies
Prepain Insurance
Total Current Assets

$10,550.00
$2,950.00
$150.00
$800.00

Truck
Lss: Accumulated Depreciation
Total Plant assets

$12,000.00
-$100.00

Plant Assets

$11,900.00
$26,350.00

Total Assets
Liabillities
Current Liabilities
Salaries payable
Unearned Revenue
Total Liabilites
Owner Equity
Mannings, Capital, December 31, 2016
Total Liabilites and Owner's Equity

$700.00
$200.00
$900.00
$25,450.00
$26,350.00

Balance Sheet

Post-Closing Trail Balance

Financial Statement Title

Manning Delivery Service
Post-Closing Trial Balance
December 31, 2016
CAsh
Accounts Receivable
Office Supplies
Prepaid Insurance
Truck
Accumulated Depreciation
Salaries Payable
Unearned Revenue
Matthews Capital
Total

$10,550.00
$2,950.00
$150.00
$800.00
$12,000.00

$26,450.00

$100.00
$700.00
$200.00
$25,450.00
$26,450.00