GENERAL JOURNAL

Date Account Names Debit Credit

Dec. 1 Cash 16,000
Truck 17,000
Capital, Murphy 33,000
Dec. 1 Prepaid Insurance 600
Cash 600
Dec. 4 Office Suplies 800
Cash 800
Dec. 12 Cash 2,100
Service Revenue 2,100
Dec. 15 Accounts Receivable 2,900
Service Revenue 2,900
Dec. 18 Salaries Expense 700
Cash 700
Dec. 20 Cash 14,000
Service Revenue 14,000
Dec. 22 Cash 1,100
Unearned Revenue 1,100
Dec. 25 Cash 2,900
Accounts Receivable 2,900
Dec. 27 Fuel Expense 200
Accounts Payable 200
Dec. 28 Accounts Receivable 900
Service Revenue 900
Dec. 29 Rent Expense 1,200
Cash 1,200
Dec. 30 Accounts Payable 200
Cash 200
Dec. 31 Withdrawl, Murphy 3,200
Cash 3,200

GENERAL JOURNAL
Adjusted Entries
Date Account Names Debit Credit
A. Salaries Expense 700
Salaries Payable 700
B. Depreciation Expense 100
Accumulated Depreciation Expense 100
C. Insurance Expense 100
Prepaid Insurance 100
D. Supplies Expense 650
Office Supplies 650
E. Unearned Revenue 500
Service Revenue 500
 F. Accounts Receivable 1,550
Service Revenue 1,550

GENERAL JOURNAL
Post-Closing Entries
Clos. 1 Service Revenue 21,950
Income Summary 21,950
Clos. 2 Income Summary 3,650
Salaries Expense 1,400
Depreciation Expense 100
Insurance Expense 100
Fuel Expense 200
Rent Expense 1,200
Supplies Expense 650
Clos. 3 Income Summary 18,300
Capital, Murphy 18,300
Clos. 4 Capital, Murphy 3,200
Withdrawls, Murphy 3,200
 GENERAL LEDGER
Cash Acctd. Rec Office Supplies
1 16,000 600 1 15 2,900 2,900 25 4 800
12 2,100 800 4 28 900 Bal. 800 650 D
20 14,000 700 18 Bal. 900 Bal. 150
22 1,100 1,200 29 F 1,550
25 2,900 200 30 Bal. 2,450
3,200 31
Bal. 29,400

Prepaid Insurance Truck Accum. Deprec. - Truck

1 600 1 17,000 100 B
Bal. 600 100 C Bal. 17,000 100 Bal.
Bal. 500

Accounts Payable Salaries Payable Unearned Revenue

30 200 200 27 700 A 1,100 22
Bal. 0 0 Bal. 700 Bal. E 500 1,100 Bal.
600 Bal.

Capital Withdrawls Income Summary

33,000 1 31 3,200 C2 3,650 21,950 C1
33,000 Bal. Bal. 3,200 3,200 C4 C3 18,300
C4 3,200 18,300 C3 Bal. 0 0 Bal. Bal. 0 0 Bal.
48,100 Bal.

Service Revenue Salaries Expense Deprecation Exp. - Truck

2,100 12 18 700 B 100
2,900 15 Bal. 700 Bal. 100 100 C2
14,000 20 A 700 Bal. 0 0 Bal.
900 28 Bal. 1,400 1,400 C2
19,900 Bal. Bal. 0 0 Bal.
500 E
1,550 F
C1 21,950 21,950 Bal.
Bal. 0 0 Bal.
Insurance Expense Fuel Expense Rent Expense
C 100 27 200 29 1,200
Bal. 100 100 C2 Bal. 200 200 C2 Bal. 1,200 1,200 C2
Bal. 0 0 Bal. Bal. 0 0 Bal. Bal. 0 0 Bal.

Supplies Expense
D 650
Bal. 650 650 C2
Bal. 0 0 Bal.
 Murphy Delivery Service
Unadjusted Trial Balance
December 31st

Account Name Debit Credit

Cash $ 29,400
Accounts Receievable 900
Office Supplies 800
Prepaid Insurance 600
Truck 17,000
Unearned Revenue $ 1,100
Capital, Murphy 33,000
Withdrawls, Murphy 3,200
Service Revenue 19,900
Salaries Expense 700
Fuel Expense 200
Rent Expense 1,200

Total Balance $ 54,000 $ 54,000

 Murphy Delivery Service
Adjusted Trial Balance
December 31st

Account Name Debit Credit

Cash $ 29,400
Accounts Receievable 2,450
Office Supplies 150
Prepaid Insurance 500
Truck 17,000
Accumulated Depreciation Expense - Truck $ 100
Salaries Payable 700
Unearned Revenue 600
Capital, Murphy 33,000
Withdrawls, Murphy 3,200
Service Revenue 21,950
Salaries Expense 1,400
Depreciation Expense - Truck 100
Insurance Expense 100
Fuel Expense 200
Rent Expense 1,200
Supplies Expense 650

Total Balance $ 56,350 $ 56,350

 Murphy Delivery Service
Post-Closing Trial Balance
December 31st

Account Name Debit Credit

Cash $ 29,400
Accounts Receivable 2,450
Office Supplies 150
Prepaid Insurance 500
Truck 17,000
Accum. Deprec. - Truck $ 100
Salaries Payable 700
Unearned Revenue 600
Capital, Murphy 48,100

Total Balance $ 49,500 $ 49,500

 Murphy Delivery Service
Income Statement
For the month ending December 31, 2016

Revenues Debit Credit

Service Revenue $ 21,950
Expenses
Salaries Expense 1,400
Depreciation Expense - Truck 100
Insurance Expense 100
Fuel Expense 200
Rent Expense 1,200
Supplies Expense 650
Total Expenses (3,650)
Net Income $ 18,300
 Murphy Delivery Service
Statement of Owner's Equity
For the month Ending December 31, 2016

Debit Credit
Capital, Murphy Dec. 1 0
Owner Contributions $ 33,000
Net Income 18,300
Withdrawls, Murphy (3,200)
Capital, Murphy Dec. 31 $ 48,100
 Murphy Delivery Service
Balance Sheet
As of December 31, 2016

Assets Liabilities
Cash $ 29,400 Salaries Payable $ 700
Accounts Rec. 2,450 Unearned Revenue 600
Office Supplies 150
Prepaid Insurance 500 Total Liabilities 1,300
Truck 17,000
Accum. Deprec.-Truck (100) Owner's Equity
Capital, Murphy Dec. 31 48,100
Total Assets $ 49,400 Total Liabilities & OE $ 49,400