AC2799 Project Part 1 - Sales $20,000 11-Dec Purchases...

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ASSETS Current Assets: Cash Checking Accounts Receivable Office Supplies Fixed Assets: Land Building Equipment 1 Less: Accumulated Depreciation Equipment 2 Less: Accumulated Depreciation Truck Less: Accumulated Depreciation Back Hoe Less: Accumulated Depreciation Trailor Less: Accumulated Depreciation Total Assets:
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LIABILIT Current Liabilities Note Payble Long Term Note payable Sales Tax payable Accounts payable Shareholders Equity Capital Account-Jones Capital Account-Smith Capital Account-Clark Outstanding Expenses Total Liabilities & Equity
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Landscapes R Us Balance Sheet 1-Dec-13 $ 38,886 $ 38,125 $ 12,500 $ 172,000 $ 235,000 $ 4,000 $ 3,500 $ 12,000 -$ 2,000 $ 24,000 $ - $ 8,000 $ - $ 4,000 -$ 1,600 $ 548,411
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TIES $ - $ 11,200 $ 6,200 $ 6,000 $ 173,914 $ 173,914 $ 173,914 $ 2,269 $ 547,411
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Landscapes R Us Journal Entries Date Description Debit Credit 6-Dec Cash $1,400 Sales $1,400 10-Dec Cash $4,000 Unearned Installation Revenue $4,000 10-Dec Cash $6,000 Bills Receivables $4,000 Sales $10,000 10-Dec Cash $500 Sales $500 11-Dec Wages $8,200 Cash $8,200 11-Dec Cash $20,000
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Unformatted text preview: Sales $20,000 11-Dec Purchases $30,000 Cash $30,000 15-Dec Cash $1,100 Sales $1,100 15-Dec Fuel Expenses $1,300 Cash $1,300 15-Dec Ofce Supplies $125 Bills Payables $125 18-Dec Cash $5,000 Bills Receivables $4,000 Sales $9,000 18-Dec AdverTsement Expenses $800 Cash $800 18-Dec Rent Expenses $150 Cash $150 22-Dec Cash $4,000 Bills Receivables $10,000 Sales $14,000 22-Dec Repair o± truck $450 Cash $450 22-Dec Cash $2,500 InstallaTon Revenue $2,500 23-Dec Bills Receivables $14,000 Sales $14,000 23-Dec Purchases $30,000 Bills Payables $30,000 23-Dec Fuel Expenses $2,100 Cash $2,100 23-Dec Telephone Bill $200 Cash $200 23-Dec Bank Fees $320 Cash $320 26-Dec Cash $500 Sales $500 26-Dec Long Term payable $300 Interest $50 Cash $350 26-Dec Repair Expenses $1,000 Bills Payables $1,000 26-Dec Bills Receivables $29,000 Sales $29,000 27-Dec Wages $7,450 Cash $7,450 27-Dec Sales Tax $6,200 Cash $6,200 27-Dec Installa±on Exp $2,500 Cash $2,500...
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