No.

Date Account Debit Credit

1 1-Apr Prepaid Rent 4,500
Cash 4,500
2 2-Apr Officice Supplies 1,000
Account Payable 1,000
3 3-Apr Wage Payable 2,000
Cash 2,000
4 4-Apr Cash 50,000
Common Stock 20,000
Additional Paid-in Capital/Surplus 30,000
5 5-Apr Cash 3,000
Unearned Revenue 3,000
6 6-Apr Cash 1,000
Account Receivable 1,000
7 10-Apr Advertising Expense 550
Cash 550
8 15-Apr Cash 10,000
Current Debt 10,000
9 18-Apr Supplies 800
Cash 800
10 20-Apr Prepaid Insurance 1,800
Cash 1,800
11 24-Apr Account Payable 1,000
Cash 1,000
12 24-Apr Account Receivable 1,150
Service Revenue 1,150
13 30-Apr Cash 3,295
Service Revenue 3,295
14 30-Apr Utilities Expense 300
Cash 300
15 30-Apr Cash 1,127
Sale Discount 23
Account Receivable 1,150
3a- 16 30-Apr Interest Expense 25
Accrued Interest Payable 25
3b - 17 30-Apr Depreciation Expense - Office supplies 100
Accumulated Depreciation 100
3c - 18 30-Apr Wage expense 2,100
Wage payable 2,100
3d -19 30-Apr Rent Expense 750
Prepaid Rent 750
3e -20 30-Apr Unearned Revenue 500
Service Revenue 500
3f -21 30-Apr Supplies Expense 500
Supplies 500
 3g -22 30-Apr Bad Debt Expenses 50.00
Allowance for Doubful Account 50.00
3h - 23 30-Apr Tax Expense 110
Tax Payable 110
ries - 24 30-Apr Revenue 4,945
Retained Earnings 437
Sale Dedection 23
Expenses 4,485
 Cash & Cash Equivalents Account Receivables

Dr Cr Dr Cr

Opening Balance $ 7,568 $ 2,452

Transactions (04/2021)
No. Date
1 1-Apr $ 4,500
2 2-Apr
3 3-Apr $ 2,000
4 3-Apr $ 50,000
5 5-Apr $ 3,000
6 6-Apr $ 1,000 $ 1,000
7 10-Apr $ 550
8 15-Apr $ 10,000
9 18-Apr $ 800
10 20-Apr $ 1,800
11 24-Apr $ 1,000
12 24-Apr $ 1,150
13 30-Apr $ 3,295
14 30-Apr $ 300
15 30-Apr $ 1,127 $ 1,150
16 30-Apr
17 30-Apr
18 30-Apr
19 30-Apr
20 30-Apr
21 30-Apr
22 30-Apr
23 30-Apr
24 30-Apr
25
26
27
28
29
30

Closing Balance (30/04/2021) $ 65,040 $ 1,452

 Assets
Allowance for doubtful acc. Prepaid Rent Prepaid Insurance

Dr Cr Dr Cr Dr Cr

$ 3,000 $ 1,200

$ 4,500

$ 1,800

$ 750

$ 50

$ 50 $ 6,750 $ 3,000
Assets
Office Supplies Other Current Assets PPE (at cost)

Dr Cr Dr Cr Dr Cr

$ 800 $ 2,400

$ 1,000

$ 800

$ 500

$ 2,100 $ 2,400
Accumulated depreciation Other Non-Current Assets Account Payables

Dr Cr Dr Cr Dr Cr

$ 600 $ 300

$ 1,000

$ 1,000

$ 100

$ 700 $ 300
 Liabilities
Tax Payable Wages Payable Current Debt Interest Payable

Dr Cr Dr Cr Dr Cr Dr

$ 2,000

$ 2,000

$ 10,000

$ 2,100

$ 110

$ 110 $ 2,100 $ 10,000

Interest Payable Other Current Liabilities Contributed Equity
Retained earnings
Cr Dr Cr Dr Cr Dr

$ 955 $ 12,000

$ 50,000
$ 3,000

$ 25

$ 500

$ 25 $ 3,455 $ 62,000
 Equity
Retained Profits/Losses
Retained earnings Service Revenues Services deduction Expenses
Cr Dr Cr Dr Cr Dr

$ 1,565

$ 550

$ 1,150
$ 3,295
$ 300
$ 23
$ 25
$ 100
$ 2,100
$ 750
$ 500
$ 500
$ 50
$ 110
$ 437 $ 4,945 $ 23

$ 2,002 $ - $ - $ -
Closing Ret. Earnings =
Expenses
Cr

Advertising expense

Service revenue
Service revenue
Utilities expense

Interest expense
Depreciation expense
Wage expense
Rent expense
Service revenue
Office Supplies expense
Bad debt expense
tax expense
$ 4,485
 Nguyen & Tran Co.
Trial balance
As at 30/04/2021

Debit Credit
$ $
Cash and Cash Equivalents 65,040
Account Receivables 1,452
Allowance for doubtful account 50
Prepaid Rent 6,750
Prepaid Insurance 3,000
Office Supplies 2,100
PPE 2,400
Accumulated Depreciation 700
Other Non-current assets -
Account Payables 300
Tax Payable 110
Wages Payable 2,100
Debt (Current) 10,000
Interest Payable 25
Other Current Liabilities 3,455
Contributed equity 62,000
Retained earnings 2,002
Service Revenue 4,945
Service deduction 23
Supplies Expense 500
Wage Expenses 2,100
Rent Expenses 750
Depreciation Expenses 100
Utilities Expenses 300
Finance expenses 25
Bad debt expense 50
Advertising expense 550
Taxation Expenses
SUM 80,742 80,742
 Nguyen & Tran Co.
Balance Sheet
As at 30/04/2021

$
Current Assets
Cash and Cash Equivalents 65,040
Account Receivale 1,452
Allowance for Doubtful Account (50)
Prepaid Rent 6,750
Prepaid Insurance 3,000
Office supplies 2,100
Total Current Assets 78,292

Non-Current Assets
PPE 2,400
Accumulated sepreciation (700)
Other Non Current Assets -
Total Non-Current Assets 1,700

Total Assets 79,992

Current Liabilities
Account Payables 300
Tax Payable 110
Wages Payable 2,100
Debt (Current) 10,000
Interest Payable 25
Other Current Liabilities 3,455
Total Current Liabilities 15,990

Non-current liabilities

Total Non-Current Liabilities -

Total Liabilities 15,990

Net Assets 64,002

Shareholders Equity
Contributed equity 62,000
Retained Profits/Losses 2,002
Total Shareholders Equity 64,002
Total Liabilities and Shareholders Equity 79,992
 Nguyen & Tran Co.
Income Statement
For the period ending 30/04/2021

Service Revenue $ 4,945

Service deduction $ 23
Total Revenue $ 4,922

Wage Expenses $ 2,100

Rent Expenses $ 750
Depreciation Expenses $ 100
Utilities Expenses $ 300
Bad Debt expenses $ 50
Finance costs $ 25
Supplies Expense $ 500
Advertising Expense $ 550
Total Expenses $ 4,375

Profit before tax $ 547

Taxation Expenses $ 110
Net profit after tax $ 437