Mo' Yur Lawn Landscaping

Post Closing Trial Balance

5/31/201x
Debit Credit
Acct# Balances Balances
101 Cash 3,825
106 Accounts Receivable 4,000
124 Supplies 1,200
128 Prepaid Rent - Storage Shed 2,000
173 Prepaid Insurance 1,000
174 Equipment 4,500
175 Accumulated Depreciation - Equipment 900
205 Accounts Payable 800
210 Salaries Payable 120
220 Unearned Revenue 800
301 Capital - Bobby 13,905
302 Drawing - Bobby
410 Sales - Services
510 Salaries Expense
515 Rent Expense
520 Supplies Expense
525 Advertisement Expense
530 Bad Debt Expense
535 Insurance Expense
540 Utilities Expense
545 Fuel Expense
550 Equipment Repairs Expense
555 Cell Phone Expense
560 Depreciation Expense
901 Income Summary - -
Totals 16,525 16,525
Date Account PR Debit Credit
June Transactions (JT)
1-Jun Equipment 174 1,500.00
Cash 101 1,500.00
Purchased a new computer
2-Jun Supplies 124 800.00
Cash 101 800.00
Purchased supplies at Home Depot
2-Jun Supplies 124 150.00
Accounts Payable 205 150.00
Purchased fertilizer supplies on account
3-Jun Salaries Payable 510 120.00
Cash 101 120.00
Paid the May salaries
10-Jun Unearned Revenue 220 400.00
Sales-Services 410 400.00
Completed 1/2 of work under Unearned Revenue
14-Jun Utilities Expense 540 55.00
Cash 101 55.00
Paid the utility bill for the month
15-Jun Cash 101 2,000.00
Accounts Receivable 106 2,000.00
Collected 1/2 of the accounts receivable
16-Jun Accounts Payable 205 800.00
Cash 101 800.00
Paid accounts payable
24-Jun Equipment Repairs Expense 550 250.00
Cash 101 250.00
Paid for repair one large mower
27-Jun Bad Debt Expense 530 300.00
Accounts Receivable 106 300.00
Wrote off bad debt from customer
28-Jun Cash 101 1,700.00
Accounts Receivable 106 1,700.00
Collected remaining accounts receivable for May
28-Jun Fuel Expense 545 275.00
Cash 101 275.00
Filled the tanks for all the work vehicles
29-Jun Cell Phone Expense 555 80.00
Cash 101 80.00
Paid the monthly cell phone bill
30-Jun Drawing - Bobby 302 1,200.00
Cash 101 1,200.00
 Withdrew cash for personal expenses
30-Jun Advertising Expense 525 80.00
Cash 101 80.00
Paid for newspaper flyer
30-Jun Accounts Receivable 106 4,500.00
Sales-Services 410 4,500.00
Generated invoices to customers for June
June Adjusting Entries (JAE)
30-Jun Supplies Expense 520 950.00
Supplies 124 950.00
Adjust supplies to correct ending balance
30-Jun Unearned Revenue 220 400.00
Sales-Services 410 400.00
Completed the work for the remaining unearned revenue
30-Jun Salaries Expense 510 300.00
Salaries Payable 210 300.00
Salaries earned but not paid for June
30-Jun Depreciation Expense 560 100.00
Accumulated Depreciation-Equipment 175 100.00
Record monthly depreciation
30-Jun Insurance Expense 535 200.00
Prepaid Insurance 173 200.00
Insurance expired in June
30-Jun Rent Expense 515 500.00
Prepaid Rent-Storage Shed 128 500.00
Used 1/4 of the Prepaid Rent
June Closing Entries (JCE)
30-Jun Sales-Services 410 5,300.00
Income Summary 901 5,300.00
Close Sales Account
30-Jun Income Summary 901 2,390.00
Salaries Expense 510 300.00
Utilities Expense 540 55.00
Equipment Repairs Expense 550 250.00
Bad Debt Expense 530 300.00
Fuel Expense 545 275.00
Cell Phone Expense 555 80.00
Advertising Expense 525 80.00
Supplies Expense 520 250.00
Depreciation Expense 560 100.00
Insurance Expense 535 200.00
Rent Expense 515 500.00
Close Expense Account
30-Jun Income Summary 901 2,910.00
Capital-Bobby 301 2,910.00
Close Income Summary
30-Jun Capital-Bobby 301 1,200.00
Drawing-Bobby 302 1,200.00
Close drawing account
Since these are May's Salaries you would debit Salaries Payable
Ending balance in supplies should be $950. Because of above transactions the adjustment would be 1,200

Due to above JE; will be corrected when JE is corrected

Due to above JE; will be corrected when JE is corrected
d be 1,200
Account Name: Cash
Date Description PR Debit
1-Jun Beginning balance
1-Jun Purchased a new computer JE P 1
2-Jun Purchased supplies at Home Depot JE P 1
3-Jun Paid the May Salaries JE P 1
14-Jun Paid the utility bill for the month JE P 1
15-Jun Collected 1/2 of the accounts receivable JE P 1 2,000
16-Jun Paid accounts payable JE P 1
24-Jun Paid for repair one large mower JE P 1
28-Jun Collected remaining accounts recivable for May JE P 1 1,700
28-Jun Filled the tanks for all the work vehicles JE P 1
29-Jun Paid the monthly cellphone bill JE P 1
30-Jun Withdrew cash for personal expenses JE P 1
30-Jun Paid for newspaper flyer JE P 1

Account Name: Accounts Receivable

Date Description PR Debit
1-Jun Beginning balance
15-Jun Collected 1/2 of the accounts receivable JE P 1
27-Jun Wrote off bad debt from customer JE P 1
28-Jun Collected remaining accounts receivable for May JE P 1
30-Jun Generated invoices to custpmers for June JE P 1 4,500

Account Name: Supplies

Date Description PR Debit
1-Jun Beginning balance
2-Jun Purchased supplies at Home Depot JE P 1 800
2-Jun Purchased fertilizer supplies on account JE P 1 150
30-Jun Adjust supplies to correct ending balance AJE P 2

Account Name: Prepaid Rent - Storage Shed

Date Description PR Debit
1-Jun Beginning balance
30-Jun Used 1/4 of the prepaid rent AJE P 2

Account Name: Prepaid Insurance

Date Description PR Debit
1-Jun Beginning balance
30-Jun Insurance expired in June AJE P 2
Account Name: Equipment
Date Description PR Debit
1-Jun Beginning balance
1-Jun Purchased a new computer JE P 1 1,500

Account Name: Accum. Depr. Equipment

Date Description PR Debit
1-Jun Beginning balance
30-Jun Record monthly depreciation AJE P 2

Account Name: Accounts Payable

Date Description PR Debit
1-Jun Beginning balance
2-Jun Purchased fertilizer supplies on account JE P 1
16-Jun Paid accounts payable JE P 1 800

Account Name: Salaries Payable

Date Description PR Debit
1-Jun Beginning balance
3-Jul Paid May salaries JE P 1 120
30-Jun Salaries earned but not paid for June AJE P 2

Account Name: Unearned Revenue

Date Description PR Debit
1-Jun Beginning balance
10-Jun Completed 1/2 of work under unearned revenue JE P 1 400
30-Jun Completed the work for the remaining unearned revenue AJE P 2 400

Account Name: Capital, Bobby

Date Description PR Debit
1-Jun Beginning balance
30-Jun Close income summary CJE P 3
30-Jun Close drawing account CJE P 3 1,200

Account Name: Drawing, Bobby

Date Description PR Debit
30-Jun Withdrew cash for personal expenses JE P 1 1,200
30-Jun Close drawing account CJE P 3

Account Name: Sales

Date Description PR Debit
 10-Jun Completed 1/2 of work under unearned revenue JE P 1
30-Jun Generated invoices to customers for June JE P 1
30-Jun Completed the work for the remaining unearned revenue AJE P 2
30-Jun Close sales account CJE P 3 5,300

Account Name: Salaries Expense

Date Description PR Debit

30-Jun Salaries earned but not paid for June AJE P 2 300
30-Jun Close expense account CJE P 3

Account Name: Rent Expense

Date Description PR Debit
30-Jun Used 1/4 of the prepaid rent AJE P 2 500
30-Jun Close expense account CJE P 3

Account Name: Supplies Expense

Date Description PR Debit
30-Jun Adjust supplies to correct ending balance AJE P 2 950
30-Jun Close expense account CJE P 3

Account Name: Advertising Expense

Date Description PR Debit
30-Jun Paid for newspaper flyer JE P 1 80
30-Jun Close expense account CJE P 3

Account Name: Bad Debt Expense

Date Description PR Debit
27-Jun Wrote off bad debt from customer JE P 1 300
30-Jun Close expense account CJE P 3

Account Name: Insurance Expense

Date Description PR Debit
30-Jun Insurancxe expired in June AJE P 2 200
30-Jun Close expense account CJE P 3

Account Name: Utilities Expense

Date Description PR Debit
14-Jun Paid the utility bill for the month JE P 1 55
30-Jun Close expense account CJE P 3
Account Name: Fuel Expense
Date Description PR Debit
28-Jun Filled the tanks for all the work vehicles JE P 1 275
30-Jun Close expense account CJE P 3

Account Name: Equipment Repairs Expense

Date Description PR Debit
24-Jun Paid for repair one large mower JE P 1 250
30-Jun Close expense account CJE P 3

Account Name: Cell Phone Expense

Date Description PR Debit
29-Jun Paid the monthly cell phone bill JE P 1 80
30-Jun Close expense account CJE P 3

Account Name: Depreciation Expense

Date Description PR Debit
30-Jun Record monthly depreciation AJE P 2 100
30-Jun Close expense account CJE P 3

Account Name: Income Summary

Date Description PR Debit
30-Jun Close sales account CJE P 3
30-Jun Close expense account CJE P 3 2,390
30-Jun Close income summary CJE P 3 2,910
Acct # 101
Credit Balance
3,825
1,500 2,325
800 1,525
120 1,405
55 1,350
3,350
800 2,550
250 2,300
4,000
275 3,725
80 3,645
1,200 2,445
80 2,365

Acct # 106
Credit Balance
4,000
2,000 2,000
300 1,700
1,700 -
4,500

Acct # 124 Will be adjusted when JEs are correct

Credit Balance
1,200
2,000
2,150
950 1,200

Acct # 128
Credit Balance
2,000
500 1,500

Acct # 173
Credit Balance
1,000
200 800
Acct # 174
Credit Balance
4,500
6,000

Acct # 175
Credit Balance
900
100 1,000

Acct # 205
Credit Balance
800
150 950
150

Acct # 210 Will be adjusted when JEs are corrected

Credit Balance
120
-
300 300

Acct # 220
Credit Balance
800
400
-

Acct # 301 Will be adjusted when JEs are corrected

Credit Balance
13,905
2,910 16,815
15,615

Acct # 302
Credit Balance
1,200
1,200 -

Acct # 410
Credit Balance
 400 400
4,500 4,900
400 5,300
-

Acct # 510 Will be adjusted when JEs are corrected

Credit Balance

300
300 -

Acct # 515
Credit Balance
500
500 -

Acct # 520 Will be adjusted when JEs are corrected

Credit Balance
950
950 -

Acct # 525
Credit Balance
80
80 -

Acct # 530
Credit Balance
300
300 -

Acct # 535
Credit Balance
200
200 -

Acct # 540
Credit Balance
55
55 -
Acct # 545
Credit Balance
275
275 -

Acct # 550
Credit Balance
250
250 -

Acct # 555
Credit Balance
80
80 -

Acct # 560
Credit Balance
100
100 -

Acct # 901 Will be adjusted when JEs are corrected

Credit Balance
5,300 5,300
2,910
-
 Mo'Yur Lawn Landscaping
Worksheet
June 30, 2019
Unadjusted TB Adjustments Adjusted TB Income Statement Balance Sheet
Acct# Account Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
101 Cash 2,365.00 2,365.00 2,365.00
106 Accounts Receivable 4,500.00 4,500.00 4,500.00
124 Supplies 2,150.00 1 1,200.00 950.00 950.00
128 Prepaid Rent - Storage Shed 2,000.00 6 500.00 1,500.00 1,500.00
173 Prepaid Insurance 1,000.00 5 200.00 800.00 800.00
174 Equipment 6,000.00 6,000.00 6,000.00
175 Accumulated Depreciation-Equipment 900.00 4 100.00 1,000.00 1,000.00
205 Accounts Payable 150.00 150.00 150.00
210 Salaries Payable - 3 300.00 300.00 300.00
220 Unearned Revenue 400.00 2 400.00 - -
301 Capital - Bobby 13,905.00 13,905.00 13,905.00
302 Drawing - Bobby 1,200.00 1,200.00 1,200.00
410 Sales - Services 4,900.00 2 400.00 5,300.00 5,300.00
510 Salaries Expense - 3 300.00 300.00 300.00
515 Rent Expense - 6 500.00 500.00 500.00
520 Supplies Expense - 1 1,200.00 1,200.00 1,200.00
525 Advertisement Expense 80.00 80.00 80.00
530 Bad Debt Expense 300.00 300.00 300.00
535 Insurance Expense - 5 200.00 200.00 200.00
540 Utilities Expense 55.00 55.00 55.00
545 Fuel Expense 275.00 275.00 275.00
550 Equipment Repairs Expense 250.00 250.00 250.00
555 Cell Phone Expense 80.00 80.00 80.00
560 Depreciation Expense - 4 100.00 100.00 100.00
Totals 20,255.00 20,255.00 2,700.00 2,700.00 20,655.00 20,655.00 3,340.00 5,300.00 17,315.00 15,355.00
Net Income 1,960.00 1,960.00
Totals 5,300.00 5,300.00 17,315.00 17,315.00
 Mo' Yur Lawn Landscaping
Income Statement
For the Month Ending June 30

Revenue Capital, Bobby-May 31

Sales-Services 5,300.00 Net Income
Total Revenue 5,300.00 Total
Expenses Drawing, Bobby
Salaries Expense 300.00 Increase in Owner's Equity
Rent Expense 500.00 Capital, Bobby- June 30
Supplies Expense 1,200.00
Advertisement Expense 80.00
Bad Debt Expense 300.00
Insurance Expense 200.00
Utilities Expense 55.00
Fuel Expense 275.00
Equipment Repairs Expense 250.00
Cell Phone Expense 80.00
Depreciation Expense 100.00
Total Expenses 3,340.00
Net Income 1,960.00
 Mo' Yur Lawn Landscaping
Statement of Owner's Equity
For the Month Ending June 30

apital, Bobby-May 31 13,905.00 Assets

1,960.00 Cash
15,865.00 Accounts Receivable
awing, Bobby 1,200.00 Supplies
crease in Owner's Equity 14,665.00 Prepaid Rent - Storage Shed
apital, Bobby- June 30 14,665.00 Prepaid Insurance
Equipment
Accumulated Depreciation-Equip
Total assets

Liabilities and Equity

Accounts Payable
Salaries Payable
Unearned Revenue

Capital, Bobby
Total Liabilities and Equity
 Mo' Yur Lawn Landscaping
Balance Sheet
June 30

2,365.00
unts Receivable 4,500.00
950.00
aid Rent - Storage Shed 1,500.00
aid Insurance 800.00
6,000.00
mulated Depreciation-Equipment 1,000.00
15,115.00

es and Equity
unts Payable 150.00
ies Payable 300.00
rned Revenue -
450.00
14,665.00
abilities and Equity 15,115.00
 Mo' Yur Lawn Landscaping
Post Closing Trial Balance
6/30/201x
Debit Credit
Acct# Balances Balances
101 Cash 2,365.00
106 Accounts Receivable 4,500.00
124 Supplies 950.00
128 Prepaid Rent - Storage Shed 1,500.00
173 Prepaid Insurance 800.00
174 Equipment 6,000.00
175 Accumulated Depreciation - Equipment 1,000.00
205 Accounts Payable 150.00
210 Salaries Payable 300.00
220 Unearned Revenue -
301 Capital - Bobby 14,665.00
302 Drawing - Bobby
410 Sales - Services
510 Salaries Expense
515 Rent Expense
520 Supplies Expense
525 Advertisement Expense
530 Bad Debt Expense
535 Insurance Expense
540 Utilities Expense
545 Fuel Expense
550 Equipment Repairs Expense
555 Cell Phone Expense
560 Depreciation Expense
901 Income Summary - -
Totals 16,115.00 16,115.00