Date Particulars Debit Credit

Apr-01 Cash 1,650,000.00

Capital 1,650,000.00
To record initial investment

Apr-02 Prepaid rent 12,000.00

Cash 12,000.00
To record advance payment

Apr-05 Delivery equipment 900,000.00

Cash 900,000.00
To record acquired delivery truck

Apr-06 Cash 60,250.00

Service revenue 60,250.00
To record cash received from services rendered

Apr-07 Accounts receivable 50,150.00

Service revenue 50,150.00
To record service rendered on account

Apr-08 Office equipment 122,000.00

Accounts payable 122,000.00
To record office equipment bought on account

Apr-09 Supplies 2,200.00

Cash 2,200.00
To record supplies bought

Apr-12 Accounts receivable 27,000.00

Service revenue 27,000.00
To record service rendered on account

Apr-15 Cash 75,200.00

Capital 75,200.00
To record additional investment

Apr-15 Salaries expense 10,400.00

Cash 10,400.00
To record payment of salaries

Apr-18 Advertising expense 3,510.00

Cash 3,510.00
To record payment of advertising
Apr-20 Cash 4,500.00
Accounts receivable 4,500.00
To record collection of account

Apr-21 Advertising expense 1,200.00

Cash 1,200.00
To record payment of advertising

Apr-25 Gas and oil expense 650.00

Cash 650.00
To record payment of gas and oil

Apr-27 Cash 10,500.00

Service revenue 10,500.00
To record cash received from services

Apr-28 Furniture and fixtures 5,200.00

Cash 5,200.00
To record acquired office furniture

Apr-29 Miscellaneous expense 1,000.00

Cash 1,000.00
To record payment of petty expenses

Apr-30 Withdrawal 150,000.00

Cash 150,000.00
To record withdrawal of owner

Apr-30 Accounts receivable 52,540.00

Service revenue 52,540.00
To record service rendered on account

Apr-30 Salaries expense 10,400.00

Cash 10,400.00
To record payment of salaries
 Cash Accounts payable
1,650,000.00 12,000.00 122,000.00
60,250.00 900,000.00
75,200.00 2,200.00 Capital
4,500.00 10,400.00 1,650,000.00
10,500.00 3,510.00 75,200.00
1,200.00 - 1,725,200.00
650.00
5,200.00 Withdrawal
1,000.00 150,000.00
150,000.00
10,400.00 Service revenue
1,800,450.00 1,096,560.00 60,250.00
703,890.00 50,150.00
1,800,450.00 1,800,450.00 27,000.00
10,500.00
Accounts receivable 52,540.00
50,150.00 4,500.00 - 200,440.00
27,000.00
52,540.00 Salaries expense
129,690.00 4,500.00 10,400.00
125,190.00 10,400.00
129,690.00 129,690.00 20,800.00 20,800.00

Supplies
2,200.00 Advertising expense
3,510.00
Prepaid rent 1,200.00
12,000.00 4,710.00

Office equipment Gas and oil expense

122,000.00 650.00

Furniture and fixtures Miscellaneous expense

5,200.00 1,000.00

Delivery equipment
900,000.00
 Unadjusted Trial Balance
Apr-30

Cash 703,890.00
Accounts receivable 125,190.00
Supplies 2,200.00
Prepaid rent 12,000.00
Office equipment 122,000.00
Furniture and fixtures 5,200.00
Delivery equipment 900,000.00
Accounts payable 122,000.00
Capital 1,725,200.00
Withdrawal 150,000.00
Service revenue 200,440.00
Salaries expense 20,800.00
Advertising expense 4,710.00
Gas and oil expense 650.00
Miscellaneous expense 1,000.00
Total 2,047,640.00 2,047,640.00
 Worksheet
Apr-30
Unadjusted Trial Balance Adjustments
Cash 703,890.00
Accounts receivable 125,190.00
Supplies 2,200.00
Prepaid rent 12,000.00
Office equipment 122,000.00
Furniture and fixtures 5,200.00
Delivery equipment 900,000.00
Accounts payable 122,000.00
Capital 1,725,200.00
Withdrawal 150,000.00
Service revenue 200,440.00
Salaries expense 20,800.00 800.00
Advertising expense 4,710.00
Gas and oil expense 650.00
Miscellaneous expense 1,000.00
Total 2,047,640.00 2,047,640.00
Rent expense 6,000.00
Supplies expense 1,200.00
Salaries payable
Utilities expense 2,200.00
Utilities payable
Depreciation expense - delivery equipment 15,000.00
Accumulated depreciation - delivery equipment
Depreciation expense - office equipment 2,033.33
Accumulated depreciation - office equipment
Depreciation expense - furniture and fixture 86.67
Accumulated depreciation - furniture and fixtures
Total 27,320.00
Net income
Grand total
 Worksheet
Apr-30
Adjustments Adjusted Trial Balance Income Statement Balance Sheet
703,890.00 703,890.00
125,190.00 125,190.00
1,200.00 1,000.00 1,000.00
6,000.00 6,000.00 6,000.00
122,000.00 122,000.00
5,200.00 5,200.00
900,000.00 900,000.00
122,000.00 122,000.00
1,725,200.00 1,725,200.00
150,000.00 150,000.00
200,440.00 200,440.00
21,600.00 21,600.00
4,710.00 4,710.00
650.00 650.00
1,000.00 1,000.00

6,000.00 6,000.00
1,200.00 1,200.00
800.00 800.00 800.00
2,200.00 2,200.00
2,200.00 2,200.00 2,200.00
15,000.00 15,000.00
15,000.00 15,000.00 15,000.00
2,033.33 2,033.33
2,033.33 2,033.33 2,033.33
86.67 86.67
86.67 86.67 86.67
27,320.00 2,067,760.00 2,067,760.00 54,480.00 200,440.00 2,013,280.00 1,867,320.00
145,960.00 145,960.00
145,960.00 145,960.00 2,013,280.00 2,013,280.00
Date Particulars Debit Credit
Apr-30 Rent expense 6,000.00
Prepaid rent 6,000.00
To record rent expense

Apr-30 Supplies expense 1,200.00

Supplies 1,200.00
To record supplies used

Apr-30 Salaries expense 800.00

Salaries payable 800.00
To record accrued salaries

Apr-30 Utilities expense 2,200.00

Utilities payable 2,200.00
To record accrued salaries

Apr-30 Depreciation expense - delivery equipment 15,000.00

Accumulated depreciation - delivery equipment 15,000.00
To record depreciation of delivery equipment

Apr-30 Depreciation expense - office equipment 2,033.33

Accumulated depreciation - officce equipment 2,033.33
To record depreciation of office equipment

Apr-30 Depreciation expense - furniture and fixtures 86.67

Accumulated depreciation - furniture and fixtures 86.67
To record depreciation of furniture and fixtures
 Statement of Financial Performance
For the month ended April 30

Service revenue 200,440.00

Salaries expense 21,600.00
Advertising expense 4,710.00
Gas and oil expense 650.00
Miscellaneous expense 1,000.00
Rent expense 6,000.00
Supplies expense 1,200.00
Utilities expense 2,200.00
Depreciation expense - delivery equipment 15,000.00
Depreciation expense - office equipment 2,033.33
Depreciation expense - furniture and fixture 86.67 - 54,480.00
Net income 145,960.00

Statement of Changes in Equity

For the month ended April 30

Capital 1,650,000.00
Additional investment 75,200.00
Withdrawal - 150,000.00
Net income 145,960.00
Capital, end 1,721,160.00

Stateement of Financial Position

As of April 30

Assets
Current assets
Cash 703,890.00
Accounts receivable 125,190.00
Supplies 1,000.00
Prepaid rent 6,000.00
Total current assets 836,080.00
Noncurrent assets
Office equipment 122,000.00
Accumulated depreciation - office equipment - 15,000.00 107,000.00
Furniture and fixtures 5,200.00
Accumulated depreciation - furniture and fixtures - 2,033.33 3,166.67
Delivery equipment 900,000.00
Accumulated depreciation - delivery equipment - 86.67 899,913.33
Total noncurrent assets 1,010,080.00
Total assets 1,846,160.00

Liabilities and equity

Current liabilities
Accounts payable 122,000.00
Salaries payable 800.00
Utilities payable 2,200.00
Total liabilities 125,000.00
Equity
Capital 1,721,160.00
Total liabilities and equity 1,846,160.00
Date Particulars Debit Credit
Apr-30 Service revenue 200,440.00
Income summary 200,440.00
To close all income account

Apr-30 Income summary 54,480.00

Salaries expense 21,600.00
Advertising expense 4,710.00
Gas and oil expense 650.00
Miscellaneous expense 1,000.00
Rent expense 6,000.00
Supplies expense 1,200.00
Utilities expense 2,200.00
Depreciation expense - delivery equipment 15,000.00
Depreciation expense - office equipment 2,033.33
Depreciation expense - furniture and fixture 86.67
To close all expense account

Apr-30 Income summary 145,960.00

Capital 145,960.00
To close income summary account

Apr-30 Capital 150,000.00

Withdrawal 150,000.00
To close withdrawal account
 Unadjusted Trial Balance
Apr-30

Cash 703,890.00
Accounts receivable 125,190.00
Supplies 1,000.00
Prepaid rent 6,000.00
Office equipment 122,000.00
Accumulated depreciation - office equipment 15,000.00
Furniture and fixtures 5,200.00
Accumulated depreciation - furniture and fixtures 2,033.33
Delivery equipment 900,000.00
Accumulated depreciation - delivery equipment 86.67
Accounts payable 122,000.00
Salaries payable 800.00
Utilities payable 2,200.00
Capital 1,721,160.00
Total 1,863,280.00 1,863,280.00