1/5 Debit Cash $10,000

Credit Captial– L. Stoker $10,000

Dr Store Rent Expense $850
Cr Cash $850
Dr Prepaid Insurance $960
Cr Cash $960
2/5 Dr Repair Equipment $8,400
Cr Cash $1,200
Cr Accounts Payable $7,200
5/5 Dr Repair Supplies $936
Cr Account Payable $936
8/5 Dr Advertising Expense $120
Cr Cash $120
15/5 Dr Cash $800
Cr Repair Revenue $800
21/5 Dr Account Payable $450
Cr Cash $450
31/5 Dr Cash $1,950
Cr Repair Revenue $1,950
Dr Depreciation Expense-Repair Equipment $135.48
Cr Accumulated Depreciation-Repair Equipment $135.48
Debit Withdrawals – L. Stoker $600
Credit Cash $600
Dr Insurance Expense $80
Cr Prepaid Insurance $80
Dr Capital $600
Cr Withdrawals – L. Stoker $600
Dr Repair Supplies Expense $338
Cr Repair Supplies $338
1/6 Dr Store Rent Expense $850
Cr Cash $850
Dr Account Payable $600
Cr Cash $600
6/6 Debit Repair Supplies $1,726
Credit Accounts Payable $1,726
15/6 Dr Cash $1,828
Cr Repair Revenue $1,828
20/6 Dr Advertising Expense $120
Cr Cash $120
23/6 Debit Accounts Payable $1,200
Credit Cash $1,200
30/6 Dr Cash $1,634
Cr Repair Revenue $1,634
Dr Repair Supplies Expense $826
Cr Repair Supplies $826
Dr Withdrawals-L.Stoker $600
Cr Cash $600
Dr Depreciation Expense-Repair Equipment $140
Cr Accumulated Depreciation-Repair Equipment $140
Dr Insurance Expense $80
Cr Prepaid Insurance $80
Dr Capital $600
Cr Withdrawals – L. Stoker $600
 Cash Prepaid Insurance
$ $
Balance b/d - Balance b/d
Capital-L.Stoker 10,000 Store Rent Expense 850 Cash
Repair Revenue 800 Prepaid Insurance 960
Repair Revenue 1,950 Repair Equipment 1,200
Repair Revenue 1,828 Advertising Expense 120
Repair Revenue 1,634 Account Payable 450
Withdrawals-L.Stoker 600
Store Rent Expense 850
Account Payable 600
Advertising Expense 120
Account Payable 1,200
Withdrawals-L.Stoker 600
Balance c/d 8,662
16,212 16,212

Account Payable Capital-L.Stoker

$ $
Balance b/d -
Cash 450 Repair Equipment 7,200 Withdrawals-L.Sto
Cash 600 Repair Supplies 936 Withdrawals-L.Sto
Cash 1,200 Repair Supplies 1,726
Balance c/d 7,612 Balance c/d
9,862 9,862

Store Rent Expense Advertising Expense

$ $
Cash 850 Cash
Cash 850 Cash
Prepaid Insurance Repair Supplies
$ $ $
- Balance b/d -
960 Insurance Expense 80 Account Payable 936
Insurance Expense 80 Account Payable 1,726
Balance c/d 800
960 960 2,662

Capital-L.Stoker Withdrawals-L.Stoker
$ $ $
Balance b/d - Cash 600
600 Cash 10,000 Cash 600
600

8,800
10,000 10,000

Advertising Expense Insurance Expense

$ $ $
120 Prepaid Insurance 80
120 Prepaid Insurance 80
 Repair Supplies Repair Equipment
$ $
Balance b/d -
Repair Supplies Expense 338 Cash 1,200
Repair Supplies Expense 826 Account Payable 7,200
Balance c/d 1,498 Balance c/d
2,662 8,400

Withdrawals-L.Stoker Income Summary

$ $
Capital-L.Stoker
Capital-L.Stoker
600 Store Rent Expense 850 Repair Revenue
600 Store Rent Expense 850 Repair Revenue
Advertising Expense 120 Repair Revenue
Advertising Expense 120 Repair Revenue
Insurance Expense 80
Insurance Expense 80
Repair Supplies Expense 826
Accumulated Depreciation 135
-Repair Equipment
Accumulated Depreciation -
140
Repair Equipment

Insurance Expense Repair Supplies Expense

$ $
Repair Suppliers 338
Repair Suppliers 826
 Accumulated Depreciation-Repair Equipment
$ $ $
Balance b/d -
Depreciation Expense
135
-Repair Equipment
8,400 Depreciation Expense
140
8,400 -Repair Equipment
Balance c/d 275
275 275

Repair Revenue
$ $ $
800 Cash 800
1,950 Cash 1,950
1,828 Cash 1,828
1,634 Cash 1,634

Depreciation Expense-Repair Equipment

$ $ $
Accumulated Depreciation
135
-Repair Equipment
Accumulated Depreciation
140
-Repair Equipment
 Trial Balance Adjustment Adjusted Trial Balance
Account Title Dr Cr Dr Cr Dr Cr
Cash $8,662 $8,662
Captial– L. Stoker $10,000 ($1,200) $8,800
Prepaid Insurance $960 ($160) $800
Repair Supplies $2,662 ($1,164) $1,498
Repair Equipment $8,400 $8,400
Accumulated Depreciation – Repair Equipment $275 $275
Accounts Payable $7,612 $7,612
Withdrawals – L. Stoker $1,200 ($1,200) $0
Repair Revenue $6,212 $6,212
Store Rent Expense $1,700 $1,700
Advertising Expense $240 $240
Insurance Expense $160 $160
Repair Supplies Expense $1,164 $1,164
Depreciation Expense – Repair Equipment $275 $275

$23,824 $23,824 ($925) ($925) $22,899 $22,899

 BALANCE SHEET
Assets
Current Assets
Cash 8,662
Repair Supplies 1,164
Prepaid Insurance Expense 800
Total current assets $ 10,626
Fixed Assets
Repair Equipment 8,400
(Less accumulated depreciation) (275)
Total fixed assets $ 8,125

Total Assets $ 18,751

Liabilities and Owner's Equity

Current Liabilities
Accounts Payable 7,612
Total current liabilities$ 7,612
Owner's Equity
Owner's Investment 8,800
Total Owner's Equity $ 8,800
Total Liabilities and Owner's Equity $ 16,412
 Income Statement
Revenue
Repair Revenues $6,212
Total Revenue $6,212
Operating Expenses
Store Rent Expense $1,700
Advertising Expense $240
Insurance Expense $160
Repair Supplies Expense $1,164
Depreciation Expense – Repair Equipment $275
Total Operating Expenses $3,539
Net Income $2,673