DATE ACCOUNT TITLES DEBIT CREDIT T - ACCOUNTS JOURNAL ENTRIES ADJUSTING TRIAL BALANCE BALANCE SHEET INCOME STATEMENT

Feb- 1 Cash 420,000 Cash Taxes & Licences Expense Account Title Debit Credit Debit Credit Debit Credit Debit Credit
Paul, Capital 420,000 420,000 48,000 2,500 Cash 555,900 555,900
2 Accounts Receivable 18,000 8,000 2,500 Equipment 75,000 75,000
Service Income 18,000 200,000 6,000 Prepaid Insurance Notes Payable 200,000 200,000
3 Prepaid Rent 48,000 38,000 5,000 6,000 Paul, Capital 495,000 495,000
Cash 48,000 18,000 63,400 Paul, Drawing 5,000 5,000
5 Taxes & Licences Expense 2,500 22,000 3,200 Equipment Service Income 64,000 38,000 102,000
Cash 2,500 22,000 22,000 22,000 Prepaid Rent 48,000 48,000 0
6 Cash 8,000 75,000 Taxes & Lic. Exp. 2,500 2,500
Service Income 8,000 706,000 150,100 97,000 22,000 Prepaid Ins. 6,000 6,000 0
7 Prepaid Insurance 6,000 75,000 Supplies Exp 63,400 36,250 99,650
Cash 6,000 555,900 Utilities Exp. 3,200 3,200
9 Cash 200,000 Accounts Payable 759,000 759000
Notes Payable 200,000 Notes Payable 22,000 22,000 Rent Expense 48,000 48,000
11 Equipment 22,000 200,000 0 Insurance Expense 6,000 6,000
Account Payable 22,000 200,000 Unearned Revenue 38,000 38,000
14 Paul, Drawing 5,000 Paul, Drawing Allow. for Bad Debts 2,160 2,160
Cash 5,000 Paul, Capital 5,000 Bad Debts Expense 2,160 2,160
15 Supplies Expense 63,400 420,000 Supplies 36,250 36,250
Cash 63,400 75,000 Supplies Expense 130,410 130,410 673,900 733,410 161,510 102,000
16 Cash 38,000 495,000 63,400 59,510 59,510
Service Income 38,000
18 Utilities Expense 3,200 Accounts Receivable Utilities Expense ADJUSTING ENTRIES
Cash 3,200 18,000 18,000 3,200 Account Title Debit Credit
19 Cash 18,000 0 Rent Expense 48,000
Accounts Receivable 18,000 Prepaid Rent Prepaid Rent 48,000
20 Cash 22,000 Service Income 48,000 Insurance Expense 6,000
Equipments 22,000 18,000 Prepaid Insurance 6,000
22 Accounts Payable 22,000 8,000 Supplies Expense 36,250
Cash 22,000 38,000 Supplies 36,250
30 Equipments 75,000 64,000 Bad Debts Expense 2,160
Paul, Capital 75,000 Allow. for Bad Debts 2,160
Unearned Revenue 38,000
Service Income 38,000