Workshop

Mrs., Jen Robles decided to establish a salon business in the month of February 2020. It is called
JR Salon. The following transactions occurred during the first month of operations.

Feb 1 Mrs. Robles invested 200,000 cash to the business.

Feb 2 The owner paid 5,000 for the permits and licenses of the business
Feb 4 The owner starts hiring employees
Feb 7 Purchased 5,000 office supplies on cash
Feb 8 The owner used 2,000 in cash for advertising the business
Feb 11 Paid the rent for the month of February worth 5,000
Feb 12 Purchased grooming supplies worth 10,000 on account.
Feb 14 Purchased furniture & fixtures on cash 20,000
Feb 15 The business generated 35,000 cash service revenue
Feb 16 The business paid 10,000 of the accounts payable last Feb 12.
Feb 19 Mrs. Robles withdrew 2,000 cash from the business for personal expenses.
Feb 20 Billed clients for services rendered worth 10,000
Feb 27 Paid utilities worth 3,000
Feb 28 Received the amount billed last Feb 20.
Feb 29 Paid the salaries expense for the month of February worth 18,000

Account Titles
Cash
Office Supplies
Grooming Supplies
Accounts Payable
Utilities Expense
Robles, Capital
Advertising Expense
Furniture & Fixtures
Robles, Drawing
Salaries Expense
Permits & Licenses Expense
Rent Expense
Service Revenue
Accounts Receivable
 General Journal

Date
Account Title PR Debit Credit
2020

Feb 1 Cash
Robles, Capital
To record investment of capital
General Journal
General Journal
 General Ledger

Account Title: CASH

Account Title: ACCOUNTS RECEIVABLE

Account Title: OFFICE SUPPLIES

Account Title: GROOMING SUPPLIES

Account Title: FURNITURES AND FIXTURES

Account Title: ACCOUNTS PAYABLE

Account Title: ROBLES, CAPITAL

Account Title: ROBLES, DRAWING

Account Title: SERVICE REVENUE

Account Title: ADVERTISING EXPENSE

Account Title: ADVERTISING EXPENSE

Account Title: RENT EXPENSE

Account Title: UTILITIES EXPENSE

Account Title: SALARIES EXPENSE

Account Title: PERMITS AND LICENSES

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Trial Balance
Post-Closing Trial Balance
Statement of Financial Position
Income Statement