GENERAL JOURNAL Page 1

ACR4.1
Date Account Titles and Explanation P.R. Debit Credit
1-Jul Cash 13,078
Share Capital 13,078
Invesment from Shareholders

1-Jul Equipment 8,000

Cash 2,000
Accounts payable 6,000
Purchased used truck by cash and on account

3-Jul Supplies 900

Accounts payable 900
Purchased supplies on account

5-Jul Prepaid Insurance 1,800

Cash 1,800
Prepaid Payment for Insurance

12-Jul Accounts Receivable 3,778

Service Revenue 3,778
Revenue

18-Jul Accounts Payable - truck 1,000

Accounts Payable - cleaning supplies 500
Cash 1,500
Payment of truck and cleaning supplies on account

20-Jul Salaries and Wages Expense 2,000

Cash 2,000
Salaries payment

21-Jul Cash 1,600

Accounts Receivable 1,600
Collecting cash from customer

25-Jul Accounts Receivable 2,578

Service Revenue 2,578
Revenue

31-Jul Maintenance and Repairs Expense 290

Cash 290
Payment for maintenance of the truck during month
 31-Jul Retained Earnings 678
Dividends 678
Dividends 678
Cash 678
Declared and paid dividends

GENERAL JOURNAL Page 2

ADJUSTMENT
Date Account Titles and Explanation P.R. Debit Credit
31-Jul Account Receivables 1,700
Service Revenue 1,700
Performed service revenue unbilled and uncollected

31-Jul Depreciation expense 180

Accumulated depreciation 180
Depreciation on PPE

31-Jul Insurance expense 150

Prepaid insurance 150
1/12 insurance expired

31-Jul Supplies expense 580

Supplies expense 580
Adjust supplies expense

31-Jul Salaries expense 400

Salaries payable 400
Accrued salaries but unpaid
GENERAL JOURNAL Page 3

Date Account Titles and Explanation P.R. Debit Credit

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Date Account Titles and Explanation P.R. Debit Credit

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Date Account Titles and Explanation P.R. Debit Credit

GENERAL JOURNAL Page 6

 Date Account Titles and Explanation P.R. Debit Credit

GENERAL JOURNAL Page 7

Date Account Titles and Explanation P.R. Debit Credit

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Date Account Titles and Explanation P.R. Debit Credit

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Date Account Titles and Explanation P.R. Debit Credit

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Date Account Titles and Explanation P.R. Debit Credit

GENERAL JOURNAL Page 10

Date Account Titles and Explanation P.R. Debit Credit

 CASH
DATE EXPLANTION PR Debit Credit Balance
1-Jul Opening balance 0
1-Jul Investment from shareholders G1/J1/GJ1 13,078 13,078
1-Jul Purchased equipment G1 2,000 11,078
5-Jul Prepaid payment for insurance G1 1,800 9,278
18-Jul Payment of truck and cleaning supplies G1 1,500 7,778
20-Jul Salaries payment G1 2,000 5,778
21-Jul Collecting cash from customer G1 1,600 7,378
31-Jul Maintenance payment of truck G1 290 7,088
31-Jul Paid dividends G1 678 6,410
31-Jul Ending balance 6,410

SUPPLIES
DATE EXPLANTION PR Debit Credit Balance
1-Jul Opening balance G1 0
3-Jul Purchased supplies on account G1 900 900
31-Jul Adjust supplies expense 580 320
31-Jul Ending balance 320

EQUIPMENT
DATE EXPLANTION PR Debit Credit Balance
1-Jul Opening balance
1-Jul Purchased used truck by cash and on account G1 8,000 8,000
31-Jul Ending balance 8,000
 SALARIES AND WAGES EXPENSE
DATE EXPLANTION PR Debit Credit Balance
1-Jul Opening balance
20-Jul Salaries payment G1 2,000 2,000
31-Jul Accrued salaries but unpaid 400 2,400
31-Jul Ending balance 2,400

SHARE CAPITAL - ORDINARYCash

DATE EXPLANTION PR Debit Credit Balance
1-Jul Opening balance
1-Jul Invesment from Shareholders G1 13,078 13,078
31-Jul Ending balance 13,078

ACCUMULATED DEPRECIATION
DATE EXPLANTION PR Debit Credit Balance
 1-Jul Opening balance
31-Jul Depreciation on PPE G1 180
31-Jul Ending balance 180

INSURANCE EXPENSE
DATE EXPLANTION PR Debit Credit Balance
1-Jul Opening balance
31-Jul 1/12 insurance expense 150
31-Jul Ending balance 150

SALARIES PAYABLE
DATE EXPLANTION PR Debit Credit Balance
1-Jul Opening balance
31-Jul Adjust salaries expense 400
31-Jul Ending balance 400
 Cash
DATE EXPLANTION PR Debit Credit Balance

Cash
DATE EXPLANTION PR Debit Credit Balance

Cash
DATE EXPLANTION PR Debit Credit Balance
 Cash
DATE EXPLANTION PR Debit Credit Balance

Cash
DATE EXPLANTION PR Debit Credit Balance
 Cash
DATE EXPLANTION PR Debit Credit Balance

Cash
DATE EXPLANTION PR Debit Credit Balance

Cash
DATE EXPLANTION PR Debit Credit Balance
 Cash
DATE EXPLANTION PR Debit Credit Balance

Cash
DATE EXPLANTION PR Debit Credit Balance
 Cash
DATE EXPLANTION PR Debit Credit Balance
 ACCOUNTS RECEIVABLE
DATE EXPLANTION PR Debit Credit Balance
1-Jul Opening balance
12-Jul Revenue G1 3,778 3,778
21-Jul Collecting cash from customer G1 1,600 2,178
25-Jul Revenue G1 2,578 4,756
31-Jul Perfomed service revenue unbilled and uncollected 1,700 6,456
31-Jul Ending balance 6,456

PREPAID INSURANCE
DATE EXPLANTION PR Debit Credit Balance
1-Jul Opening balance
5-Jul Prepaid payment for insurance G1 1,800 1,800
31-Jul 1/12 insurance expense 150 1,650
31-Jul Ending balance 1,650

MAINTENANCE AND REPAIRS EXPENSE

DATE EXPLANTION PR Debit Credit Balance
1-Jul Opening balance
31-Jul Payment for maintenance of the truck during month G1 290 290
31-Jul Ending balance 290
 ACCOUNTS PAYABLECash
DATE EXPLANTION PR Debit Credit Balance
1-Jul Opening balance
1-Jul Purchased used truck by cash and on account G1 6,000 6,000
3-Jul Purchased supplies on account G1 900 6,900
18-Jul Payment of truck and cleaning supplies on account G1 1,500 5,400
31-Jul Ending balance 5,400

RETAINED EARNINGS
DATE EXPLANTION PR Debit Credit Balance
1-Jul Opening balance
31-Jul Declared and paid dividends G1 678 -678
31-Jul Ending balance -678

CSERVICE REVENUEash
DATE EXPLANTION PR Debit Credit Balance
 1-Jul Opening balance
12-Jul Revenue G1 3,778 3,778
25-Jul Revenue G1 2,578 6,356
31-Jul Performed service revenue unbilled and uncollected 1,700 8,056
31-Jul Ending balance 8,056

SUPPLIES EXPENSE
DATE EXPLANTION PR Debit Credit Balance
1-Jul Opening balance
31-Jul Adjust supplies expense 580
31-Jul Ending balance 580

DIVIDENDS
DATE EXPLANTION PR Debit Credit Balance
 Cash
DATE EXPLANTION PR Debit Credit Balance

Cash
DATE EXPLANTION PR Debit Credit Balance

Cash
DATE EXPLANTION PR Debit Credit Balance
 Cash
DATE EXPLANTION PR Debit Credit Balance

Cash
DATE EXPLANTION PR Debit Credit Balance
 Cash
DATE EXPLANTION PR Debit Credit Balance

Cash
DATE EXPLANTION PR Debit Credit Balance

Cash
DATE EXPLANTION PR Debit Credit Balance
 Cash
DATE EXPLANTION PR Debit Credit Balance

Cash
DATE EXPLANTION PR Debit Credit Balance
 Cash
DATE EXPLANTION PR Debit Credit Balance
 KLEENE WINDOW WASHING
Trial Balance - Unadjusted
31-Jul-20
Debit Credit
Cash 6,410 -
Accounts 4,756
Receivable -
Supplies 900 -
Prepaid Insurance 1,800
-
Equipment 8,000
-
Accounts Payable -
5,400
Share Capital— -
Ordinary
13,078
Retained earnings

(678)
Service Revenue -
6,356
Salaries and 2,000
Wages Expense
-
Maintenance 290
Expense -
24,156 24,156

KLEENE WINDOW WASHING

Trial Balance - Adjusted
31-Jul-20
Debit Credit
Cash 6,410 -
Accounts 6,456
Receivable -
Supplies 320 -
Prepaid Insurance 1,650 -
Equipment 8,000 -
Accounts Payable - 5,400
Salaries payable 400
Share Capital— -
Ordinary 13,078
Retained earnings (678)
Service Revenue - 8,056
Accumulated
depreciation 180
Salaries and 2,400
Wages Expense -
Insurance expense 150
Supplies expense 580
Depreciation 180
expense
Maintenance 290
Expense -
26,436 26,436
P3.5

Unadjusted Trial Balance Adjustments

Account titles Debit Credit Debit
Cash 6,410
Account receivables 4,756 1,700
Supplies 900
Prepaid insurance 1,800
PPE 8,000
Account payables 5,400
Salaries Payable
Accumulated depreciation
SC 13,078
Retained Earnings (678)
INCOME SUMMARY

Services Revenue 6,356

Salaries Expense 2,000 400
Insurance expense 150
Supplies Expense 580
Maintenance expense 290
Depreciation Expense 180
Sub total 24,156 24,156 3,010
Net income
Final Total
 KLEENE WINDOW WASHING
WORKSHEET
FOR THE MONTH

Adjustments Adjusted TB Income statement BS and Stmt Of Owner’s E

Credit Debit Credit Debit Credit Debit
6,410 6,410
6,456 6,456
580 320 320
150 1,650 1,650
8,000 8,000
5,400
400 400
180 180
13,078
(678)

1,700 8,056 8,056

2,400 2,400
150 150
580 580
290 290
180 180
3,010 26,436 26,436 3,600 8,056
4,456
8,056 8,056 22,836
nd Stmt Of Owner’s Equity Closing entries Post-closing TB
Credit Debit Credit Debit Credit
6,410
6,456
320
1,650
8,000 Closing entries:
5,400 5,400 1/ To close Revenue
400 400 Dr Revenue
180 180 Cr Income Summary
13,078 13,078 2/ To close Expense
(678) (678) 4,456 5,134 Dr Income Summary
3,600 8,056 Cr Salaries Expense
4,456 Cr Insurance Expense
8,056 Cr Supplies Expense
2,400 Cr Depreciation Expense
150 Cr Maintenance Expense
580
290 3/ K/c Income Summary (
180 Dr Income Summary
4/ Không có nhưng cứ hạ
4,456 Dr Dividends
22,836 22,836 22,836 Cr RE
Closing entries:
1/ To close Revenue
Dr Revenue 8,056
Cr Income Summary 8,056
2/ To close Expense
Dr Income Summary 3,600
Cr Salaries Expense 2,400
Cr Insurance Expense 150
Cr Supplies Expense 580
Cr Depreciation Expense 180
Cr Maintenance Expense 290

3/ K/c Income Summary (911) -> RE (421)

Dr Income Summary 4,456
4/ Không có nhưng cứ hạch toán cho quen
Dr Dividends -
-
KLEENE WINDOW WASHING KLEENE WINDOW WASHING
INCOME STATEMENT RETAINED EARNINGS STATEMENT
FOR THE MONTH ENDED JULY, 31, 2020 FOR THE MONTH ENDED JULY, 31, 2020
Service revenue 8,056 RE Opening
Salaries expense 2,400 Add:
Insurance expense 150 Net profit
Supplies expense 580 Less:
Depreciation expense 180 Dividends:
Maintenance expense 290 RE Ending
Net income: 4,456
 KLEENE WINDOW WASHING
S STATEMENT STATEMENT OF FINANCIAL POSITION
DED JULY, 31, 2020 FOR THE MONTH ENDED JULY, 31, 2020
0 NCA:
PPE 8,000
4,456 AD - PPE -180
CA:
678 Supplies 320
3,778 AR 6,456
Prepaid insurance 1,650
Cash 6,410
Total assets: 22,656
Equity:
Share capital 13,078
Retained earnings: 3,778
Liabilities:
AP 5,400
Salaries payable 400
Total E & L: 22,656