DATE ACCOUNT TITLES DEBIT CREDIT

1/1/2021 CASH 500,000.00

1/1/2021 OWNER’S INVESTMENT 500,000.00
2/1/2021 CASH 500,000.00
2/1/2021 LOANS PAYABLE 500,000.00
3/1/2021 OFFICE SUPPLIES 5,000.00
3/1/2021 CASH 5,000.00
4/1/2021 GYM EQUIPMENT 300,000.00
4/1/2021 ACCOUNTS PAYABLE 300,000.00
5/1/2021 FURNITURE 20,000.00
5/1/2021 OWNER’S INVESTMENT 20,000.00
6/1/2021 CASH 5,000.00
6/1/2021 GYM INCOME 5,000.00
7/1/2021 REPAIRS EXPENSE 1,000.00
7/1/2021 CASH 1,000.00
8/1/2021 ACCOUNTS PAYABLE 150,000.00
8/1/2021 CASH 150,000.00
9/1/2021 SALARIES EXPENSE 10,000.00
9/1/2021 CASH 10,000.00
10/1/2021 FURNITURE 25,000.00
10/1/2021 CASH 25,000.00
11/1/2021 CASH 15,000.00
11/1/2021 NOTES RECEIVABLE 5,000.00
11/1/2021 GYM INCOME 20,000.00
12/1/2021 OWNER’S WITHDRAWAL 5,000.00
12/1/2021 CASH 5,000.00
01/13/2021 UTILITIES EXPENSE 5,000.00
01/13/2021 UTILITIES PAYABLE 5,000.00
01/14/2021 ACCOUNTS RECEIVABLE 10,000.00
01/14/2021 GYM INCOME 10,000.00
01/15/2021 GYM EQUIPMENT 100,000.00
01/15/2021 CASH 80,000.00
01/15/2021 OWNER’S INVESTMENT 20,000.00
01/16/2021 OFFICE SUPPLIES 15,000.00
01/16/2021 SALARIES EXPENSE 10,000.00
01/16/2021 CASH 25,000.00
01/17/2021 CASH 5,000.00
01/17/2021 NOTES RECEIVABLE 5,000.00
1,686,000.00 1,686,000.00
ACCOUNT TITLE DEBIT CREDIT ENDING BAL.
CASH 1,025,000.00 301,000.00 724,000.00
ACCOUNTS RECEIVABLE 10,000.00 - 10,000.00
NOTES RECEIVABLE 5,000.00 5,000.00 -
OFFICE SUPPLIES 20,000.00 - 20,000.00
FURNITURE 45,000.00 - 45,000.00
GYM EQUIPMENT 400,000.00 - 400,000.00
ACCOUNTS PAYABLE 150,000.00 300,000.00 - 150,000.00
UTILITIES PAYABLE - 5,000.00 - 5,000.00
LOANS PAYABLE - 500,000.00 - 500,000.00
OWNER’S INVESTMENT - 540,000.00 - 540,000.00
OWNER’S WITHDRAWAL 5,000.00 - 5,000.00
GYM INCOME - 35,000.00 - 35,000.00
REPAIRS EXPENSE 1,000.00 - 1,000.00
SALARIES EXPENSE 20,000.00 - 20,000.00
UTILITIES EXPENSE 5,000.00 - 5,000.00
1,686,000.00 1,686,000.00 -
GYM INCOME 35,000.00
REPAIRS EXPENSE - 1,000.00
SALARIES EXPENSE - 20,000.00
UTILITIES EXPENSE - 5,000.00
NET INCOME/LOSS 9,000.00
BEGINNING EQUITY -
OWNER’S INVESTMENT 540,000.00
OWNER’S WITHDRAWAL - 5,000.00
NET INCOME/LOSS 9,000.00
ENDING CAPITAL 544,000.00
CASH 724,000.00
ACCOUNTS RECEIVABLE 10,000.00
NOTES RECEIVABLE -
OFFICE SUPPLIES 20,000.00
FURNITURE 45,000.00
GYM EQUIPMENT 400,000.00
TOTAL ASSETS 1,199,000.00

ACCOUNTS PAYABLE 150000

UTILITIES PAYABLE 5000
LOANS PAYABLE 500000
TOTAL LIABILITIES 655000

OWNER'S CAPITAL 544000

TOTAL LIABILITIES AND EQUITY 1,199,000.00 -