DOUBLE B LAUNDRY SERVICES `

The business uses the following accounts and their corresponding account numbers:

Normal
Acct. No. Account Title Balance
ASSETS
101 Cash DR 101
126 Accounts Receivable DR 126
150 Supplies DR 150
180 Equipment DR 180
LIABILITIES
200 Accounts Payable CR 200
206 Unearned Revenue CR 206

OWNER'S EQUITY
300 Double B, Capital CR 300
300-A Double B, Capital, Beginning Balance CR 300-A
300-B Double B, Capital, End Balance CR 300-B
350 Double B, Drawing DR 350
INCOME
400 Laundry Revenue CR 400
EXPENSES
700 Salaries Expense DR 700
750 Utilities Expense DR 750
800 Income and Expense Summary DR 800

NOTE: Use only these account titles for the following transactions.
On June 30, 2015, Mr. Nick Reyes’ Post-Closing Trial Balance prepared by his accountant.

Double B Laundry Shop

Post-Closing Trial Balance
As of May 30, 2015

Debit Credit
Cash 1 9,250.00
Accounts Receivable 2,350.00
Laundry Supplies 2,000.00
Laundry Equipment 9,000.00
Accounts Payable 6,250.00
Unearned Revenue 1,000.00
Double B, Capital 15,350.00

22,600.00 22,600.00

NOTE: This will be the beginning balance of the current period (July 2015)
 J.PALERMO LAUNDRY SHOP
Following transactions of Laundry Services are as follows:

1 Purchased laundry supplies on account, 19,000.

2 Received 2,885 cash from customers on account.
5 Additional investment of the owner, 250,000.
8 Billed customer for services performed, 16,300.
10 Paid employees salaries, 10,400.
Performed 1,600 of services for customers who paid in
15 advance in September.
20 Paid 20,000 to creditors on account.
21 Purchased laundry machine for cash 150,000.
25 Received 12,500 for services rendered in cash basis.
26 Purchased supplies on account at cost 3,650.
29 Withdraw 7,600 for personal use
30 Paid utilities, 2,000.

Requirements:

1. Journal Entry
2. Posting to Ledger
3. Trial Balance
4. Income Statement
5. Changes in Owners Equity
6. Balance Sheet
7. Statement of Cash Flow
8. Closing Entry
9. Post-Closing Trial Balance
10. Worksheet