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Murphy Delivery Service

GENERAL JOURNAL
For month ended in Dec. 31,2016
Date Account Names Debit Credit
Dec. 1 Cash 16,000
Truck 17,000
Murphy, Capital 33,000
Received cash and truck in exchange for capital

Dec. 1 Pre-Paid Insurance (6 Months) 600


Cash 600
Paid cash for Pre-paid Insurance

Dec. 4 Office Supplies 800


Cash 800
Paid Cash for Office supplies

Dec. 12 Cash 2,100


Service Revenue 2,100
Peformed services and received cash

Dec. 15 Accounts Recievable 2,900


Service Revenue 2,900
Performed services on account

Dec. 18 Salaries expense 700


Cash 700
Paid employee Salaries

Dec. 20 Cash 14,000


Service Revenue 14,000
Performed services and received cash

Dec. 22 Cash 1,100


Unearned revenue 1,100
collected cash in advance for future services

Dec. 25 Cash 2,900


Accounts Recievable 2,900
received cash on account

Dec. 27 fuel expense 200


Accounts Payable 200
Bought fuel on account

Dec. 28 Accounts recievable 900


Service Revenue 900
Performed services on account

Dec. 29 Rent Expense 1,200


Cash 1,200
Paid rent for the month

Dec. 30 Accounts payable 200


Cash 200
Paid cash on account

Dec. 31 Murphy Withdraw 3,200


Cash 3,200
Owner withdrawal
Dec. 31 Salaries expense 700
Salaries payable 700
Accrued Salaries Payable

Dec. 31 Depreciation Expense- Truck 100


Accumulated Dep.- Truck 100
Depreciation on truck

Dec. 31 Insurance Expense 100


Prepaid Insurance 100
Insurance Expense

Dec. 31 Supplies expense 650


Office Supplies 650
Office supplies used

Dec. 31 Unearned Revenue 500


Service Revenue 500
Performed Services

Dec. 31 Accounts Receivable 1,550


Service Revenue 1,550
Performed services on account

Dec. 31 Service Revenue


Income Summary
To close Rvenue

Dec. 31 Income Summary 3,650


Salaries Expense 1,400
Depreciation Expense- Truck 100
Insurance Expense 100
Fuel Expense 200
Rent Expense 1,200
Supplies Expense 650
To close Expenses

Dec. 31 Income Summary 18,300


Murphy, Capital 18,300
To close Income Summary

Dec. 31 Murphy, Capital 3,200


Murphy, Withdrwals 3,200
To close Withdrwals
Murphy Delivery Service
GENERAL LEDGER
For month ended in Dec. 31, 2016
Cash Accounts Rec. Office Supplies
16,000 600 2,900 2,900 800
2,100 800 900 800 650
14,000 700 900 150
1,100 1,200 1,550
2,900 3,200 2,450
200
29,400

Prepaid Insurance Truck Accum. Depr.- Truck


600 17,000 100
600 100 17,000 100
100

Accounts Payable Salaries Payable Unearned Revenue


200 200 700 1,100
0 700 500 1,100
600

Capital Withdrawals Income Summary


33,000 3,200 3,650 21,950
33,000 3,200 3,200 18,300 18,300
0 0

Service Revenue Salaries Expense Derpreciation Exp.- Truck


2,100 700 100
2,900 700 100 100
14,000 700 0
900 1,400 1,400
19,900 0
1,550
500
21,950 21,950
0
Insurance Expense Fuel Expense Rent Expense
100 200 1,200
100 100 200 200 1,200 1,200
0 0 0
Supplies Expense
650
650 650
0

GENERAL LEDGER
Murphy Delivery Service
UNADJUSTED TRIAL BALANCE
Dec. 31, 2016

Account Name Debit

Cash 29,400
Accounts Receivable 900
Office Supplies 800
Prepaid Insurance 600
Truck 17,000
Unearned Revenue
Capital
Withdrawals 3,200
Service Revenue
Salaries Expense 700
Fuel Expense 200
Rent Expense 1,200
54,000
Credit

1,100
33,000

19,900

54,000
Murphy Delivery Service
ADJUSTED TRIAL BALANCE
Dec. 31, 2016

Account Name Debit

Cash 29,400
Accounts Receivable 2,450
Office Supplies 150
Prepaid Insurance 500
Truck 17,000
Accumulated Depreciation- Truck
Accounts Payable
Salaries Payable
Unearned Revenue
Capital
Withdrawals 3,200
Service Revenue
Salaries Expense 1,400
Depreciation Expense- Truck 100
Insurance Expense 100
Fuel Expense 200
Rent Expense 1,200
Supplies Expense 650
56,350
Credit

100
0
700
600
33,000

21,950

56,350
Murphy Delivery Service
POST-CLOSING TRIAL BALANCE
42,735

Account Name Debit

Cash 29,400
Accounts Receivable 2,450
Office Supplies 150
Prepaid Insurance 500
Truck 17,000
Accumulated Derpeciation- Truck
Salaries Payable
Unearned Revenue
Capital
49,500
Credit

100
700
600
48,100
49,500
Murphy Delivery Service
INCOME STATEMENT
Month ended December 31, 2016

Revenues:
Service Revenue

Expenses:
Salaries Expense 1,400
DepreciationExpense- Truck 100
Insurance Expense 100
Fuel Expense 200
Rent Expense 1,200
Supplies Expense 650
Total Expenses:
Net Income:
21,950

3,650
18,300
Murphy Delivery Service
STATEMENT OF CHANGES IN OWNER'S EQUITY
Month ended December 31, 2016

Murphy, Capital
Owner Contributions
Net Income

Owner Withdrawals
Murphy, Capital Dec. 31, 2016
ITY

0
33,000
18,300
51,300

(3,200)
48,100
Murphy Delivery Service
BALANCE SHEET
42,735

Assets
Cash
Accounts Receivable
Office Supplies
Prepaid Insurance
Truck 17,000
Accumulated Depreciation- Truck (100)

Liabilities
Salaries Payable
Unearned Revenue

Owner's Equity
Murphy, Capital
29,400
2,450
150
500

16,900
49,400

700
600
1,300

48,100
49,400