Account Name: Cash Acct # 101

Date Description PR Debit Credit Balance

Jun-01 Beginning Balance 3,825
Jun-01 Purchased a new computer with cash. JJE P 1 1,500
Jun-02 Purchased supplies with cash. JJE P 1 800
Jun-03 Paid for May salaries. JJE P 1 120
Jun-14 Paid for rental shed's electricity bill with cash. JJE P 1 55
Jun-15 Collected half of Accounts Receivable from customers. JJE P 1 $2,000
Jun-16 Paid for Accounts Payable. JJE P 1 800
Jun-24 Paid for the repair of one large mower. JJE P 1 250
Jun-28 Collected the remaining balance from last month's Accounts Receivable. JJE P 1 1,700 -5,160
Jun-28 Bought fuel to fill up all work vehicles' tanks. JJE P 1 275
Jun-29 Paid for monthly cellphone bill. JJE P 1 80
Jun-30 Owner withdrew cash for personal use. JJE P 1 1,200
Jun-30 Paid for newspaper advertisement. JJE P 1 80 3,700
$2,365

Account Name: Accounts Receivable Acct # 106

Date Description PR Debit Credit Balance
Jun-01 Beginning Balance 4,000
Jun-15 Collected half of Accounts Receivable from customers. JJE P 1 2,000
Jun-27 Wrote off bad debt from a billed customer. JJE P 1 300
Jun-28 Collected the remaining balance from last month's Accounts Receivable. JJE P 1 1,700 (4,000)
Jun-30 Generated invoice sales from customers for the month of June. JJE P 1 4,500 4,500
$4,500

Account Name: Supplies Acct # 124

Date Description PR Debit Credit Balance
Jun-01 Beginning Balance 1,200
Jun-02 Purchased supplies with cash. JJE P 1 800
Jun-02 Purchased fertilizer supplies on account. JJE P 1 150 950
Jun-30 To record supplies used at the end of the month. JAJE P 1,200 (1,200)
 2
$950

Account Name: Prepaid Rent - Storage Shed Acct # 128

Date Description PR Debit Credit Balance
Jun-01 Beginning Balance 2,000
JAJE P
Jun-30 To record part of the Prepaid Rent that has been used for the month. 2 500 (500)
$1,500

Account Name: Prepaid Insurance Acct # 173

Date Description PR Debit Credit Balance
Jun-01 Beginning Balance 1,000
JAJE P
Jun-30 To record expired insurance. 2 (200)
$800

Account Name: Equipment Acct # 174

Date Description PR Debit Credit Balance
Jun-01 Beginning Balance 4,500
Jun-01 Purchased a new computer with cash. JJE P 1 1,500 1,500
$6,000

Account Name: Accum. Depr. Equipment Acct # 175

Date Description PR Debit Credit Balance
Jun-01 Beginning Balance 900
JAJE P
Jun-30 To record depreciation of Mowing Equipment for June. 2 100 100
$1,000

Account Name: Accounts Payable Acct # 205

Date Description PR Debit Credit Balance
Jun-01 Beginning Balance 800
Jun-02 Purchased fertilizer supplies on account. JJE P 1 150 150
Jun-16 Settled last month's balance for Accounts Payable. JJE P 1 800 (800)
$150

Account Name: Salaries Payable Acct # 210

Date Description PR Debit Credit Balance
Jun-01 Beginning Balance 120
Jun-03 Paid for May salaries. JJE P 1 120 (120)
JAJE P
Jun-30 To record salaries earned but not yet paid for the month. 2 200 200
$200

Account Name: Unearned Revenue Acct # 220

Date Description PR Debit Credit Balance
Jun-01 Beginning Balance 800
Jun-16 Earned half of Unearned Services. JJE P 1 400
JAJE P
Jun-30 Completed remaining Unearned Services for customers. 2 400 (800)
$-

Account Name: Capital, Bobby Acct # 301

Date Description PR Debit Credit Balance
Jun-01 Beginning Balance 13,095
Jun-30 Close Income Summary to Bobby's Capital. JCE P3 2,060 2,060
Jun-30 Closing Drawing Account JCE P3 1,200 (1,200)
$13,955

Account Name: Drawing, Bobby Acct # 302

Date Description PR Debit Credit Balance
Jun-30 Owner withdrew cash for personal use. JJE P 1 1,200 1,200
Jun-30 Closing Drawing Account. JCE P3 1,200 (1,200)
$-
Account Name: Sales Acct # 410
Date Description PR Debit Credit Balance
Jun-10 Earned half of Unearned Services. JJE P 1 400
Jun-30 Generated invoice sales from customers for the month of June. JJE P 1 4,500
JAJE P
Jun-30 Completed remaining Unearned Services for customers. 2 400 5,300
Jun-30 Close Sales Account. JCE P3 5,300 (5,300)
$-

Account Name: Salaries Expense Acct # 510

Date Description PR Debit Credit Balance
JAJE P
Jun-30 To record salaries earned but not yet paid for the month. 2 200 200
Jun-30 Close Expense Accounts. JCE P3 200 (200)
$-

Account Name: Rent Expense Acct # 515

Date Description PR Debit Credit Balance
JAJE P
Jun-30 To record part of the Prepaid Rent that has been used for the month. 2 500 500
Jun-30 Close Expense Accounts. JCE P3 500 (500)
$-

Account Name: Supplies Expense Acct # 520

Date Description PR Debit Credit Balance
JAJE P
Jun-30 To record supplies used at the end of the month. 2 1,200 1,200
Jun-30 Close Expense Accounts. JCE P3 1,200 (1,200)
$-

Account Name: Advertising Expense Acct # 525

Date Description PR Debit Credit Balance
Jun-30 Paid for newspaper advertisement. JJE P 1 80 80
Jun-30 Close Expense Accounts. JCE P3 80 (80)
$-

Account Name: Bad Debt Expense Acct # 530

Date Description PR Debit Credit Balance
Jun-27 Wrote off bad debt from a billed customer. JJE P 1 300 300
Jun-30 Close Expense Accounts. JCE P3 300 (300)
$-

Account Name: Insurance Expense Acct # 535

Date Description PR Debit Credit Balance
JAJE P
Jun-30 To record expired insurance. 2 200 200
Jun-30 Close Expense Accounts. JCE P3 200 (200)
$-

Account Name: Utilities Expense Acct # 540

Date Description PR Debit Credit Balance
Jun-14 Paid for rental shed's electricity bill with cash. JJE P 1 55 55
Jun-30 Close Expense Accounts. JCE P3 55 (55)
$-

Account Name: Fuel Expense Acct # 545

Date Description PR Debit Credit Balance
Jun-28 Bought fuel to fill up all work vehicles' tanks. JJE P 1 275 275
Jun-30 Close Expense Accounts. JCE P3 275 (275)
$-

Account Name: Equipment Repairs Expense Acct # 550

Date Description PR Debit Credit Balance
Jun-24 Paid for the repair of one large mower. JJE P 1 250 250
Jun-30 Close Expense Accounts. JCE P3 250 (250)
$-
Account Name: Cell Phone Expense Acct # 555
Date Description PR Debit Credit Balance
Jun-29 Paid for monthly cellphone bill. JJE P 2 80 80
Jun-30 Close Expense Accounts. JCE P3 80 (80)
$-

Account Name: Depreciation Expense Acct # 560

Date Description PR Debit Credit Balance
JAJE P
Jun-30 To record depreciation of Mowing Equipment for June. 2 100 100
Jun-30 Close Expense Accounts. JCE P3 100 (100)
$-

Account Name: Income Summary Acct # 901

Date Description PR Debit Credit Balance
Jun-30 Close Sales Account. JCE P3 5,300 5,300
Jun-30 Close Expense Accounts. JCE P3 3,240
Jun-30 Close Income Summary to Bobby's Capital. JCE P3 2,060 (5,300)
$-
Date Account PR Debit Credit
June Transactions (JT) Page 1
Jun-01 Equipment 174 $1,500.00
Cash 101 $1,500.00
Purchased a new computer with cash.
Jun-02 Supplies 124 $800.00
Cash 101 $800.00
Purchased supplies with cash.
Jun-02 Supplies 124 $150.00
Accounts Payable 205 $150.00
Purchased fertilizer supplies on account.
Jun-03 Salaries Payable 210 $120.00
Cash 101 $120.00
Paid for May salaries.
Jun-10 Unearned Revenue 220 $400.00
Sales - Services 410 $400.00
Earned half of Unearned Services.
Jun-14 Utilities Expense 540 $55.00
Cash 101 $55.00
Paid for rental shed's electricity bill with cash.
Jun-15 Cash 101 $2,000.00
Accounts Receivable 106 $2,000.00
Collected half of Accounts Receivable from customers.
Jun-16 Accounts Payable 205 $800.00
Cash 101 $800.00
Settled last month's balance for Accounts Payable.
Jun-24 Equipment Repairs Expense 550 $250.00
Cash 101 $250.00
Paid for the repair of one large mower.
Jun-27 Bad Debt Expense 530 $300.00
Accounts Receivable 106 $300.00
 Wrote off bad debt from a billed customer.
Jun-28 Cash 101 $1,700.00
Accounts Payable 106 $1,700.00
Collected the remaining balance from last month's Accounts
Receivable.
Jun-28 Fuel Expense 545 $275.00
Cash 101 $275.00
Bought fuel to fill up all work vehicles' tanks.
Jun-29 Cellphone Expense 555 $80.00
Cash 101 $80.00
Paid for monthly cellphone bill.
Jun-30 Drawing - Bobby 302 $1,200.00
Cash 101 $1,200.00
Owner withdrew cash for personal use.
Jun-30 Advertisement Expense 525 $80.00
Cash 101 $80.00
Paid for newspaper advertisement.
Jun-30 Accounts Receivable 106 $4,500.00
Sales - Services 410 $4,500.00
Generated invoice sales from customers for the month of June.
Date Account PR Debit Credit
June Adjusting Entries (JAE) Page 2
Jun-30 Supplies Expense 520 $1,200.00
Supplies 124 $1,200.00
To record supplies used at the end of the month.
Jun-30 Unearned Revenue 220 $400.00
Sales - Services 410 $400.00
Completed remaining Unearned Services for customers.
Jun-30 Salary Expense 510 $200.00
Salaries Payable 210 $200.00
To record salaries earned but not yet paid for the month.
Jun-30 Depreciation Expense 560 $100.00
Accum. Depr. - Equipment 175 $100.00
 To record depreciation of Mowing Equipment for June.
Jun-30 Insurance Expense 535 $200.00
Prepaid Insurance 173 $200.00
To record expired insurance.
Jun-30 Rent Expense 515 $500.00
Prepaid Rent - Storage Shed 128 $500.00
To record part of the Prepaid Rent that has been used for the month.
Date Account PR Debit Credit
June Closing Entries (JCE) Page 3
$5,300.0
Jun-30 Sales - Services 410 0
$5,300.0
Income Summary 901 0
Close Sales Account.
$3,240.0
Jun-30 Income Summary 901 0
Salary Expense 510 $200.00
Rent Expense 515 $500.00
$1,200.0
520
Supplies Expense 0
Advertisement Expense 525 $80.00
Bad Debt Expense 530 $300.00
Insurance Expense 535 $200.00
Utilities Expense 540 $55.00
Fuel Expense 545 $275.00
Equipment Repairs Expense 550 $250.00
Cell Phone Expense 555 $80.00
Depreciation Expense 560 $100.00
Close Expense Accounts.
$2,060.0
Jun-30 Income Summary 901 0
$2,060.0
Capital - Bobby 301 0
Close Income Summary to Bobby's Capital.
Jun-30 Capital - Bobby 301 $1,200.00
Drawing - Bobby 302 $1,200.00
Closing Drawing Account.