Name Problem 4-5A

Section
Date Anya's Cleaning Service

(a) General Journal J1

Date Accounts Titles Ref. Debit Credit

1 July 1 Cash 101 20000 1
2 Owners Capital 306 20000 2
3 invested in business 3
4 1 Equipment 157 12000 4
5 Cash 101 4000 5
6 Accounts Payable 201 8000 6
7 to record truck purchased 7
8 3 Supplies 126 2100 8
9 Accounts Payable 201 2100 9
10 purchased supplies on account 10
11 5 Prepaid Insurance 130 1800 11
12 Cash 101 1800 12
13 purchased insurance in advance 13
14 12 Accounts Receivable 112 4500 14
15 Service Revenue 400 4500 15
16 Provided services on account 16
17 18 Accounts Payable 201 2900 17
18 Cash 101 2900 18
19 Payment on account 19
20 20 Salaries and Wages Expense 726 2800 20
21 Cash 101 2800 21
22 Payment of salaries 22
23 21 Cash 101 3400 23
24 Accounts Receivable 112 3400 24
25 Received cash on account 25
26 25 Accounts Receivable 112 6000 26
27 Service Revenue 400 6000 27
28 Provided services on account 28
29 31 Gasoline Expense 633 350 29
30 Cash 101 350 30
31 purchased gasoline 31
32 31 Owner's Drawings 306 5600 32
33 Cash 101 5600 33
34 to record drawings 34
35 35
36 36
37 37
38 38
39 39
Name
Section
Date

(b) and (c)

Anya's Cleaning Service
Worksheet
For The Month Ended July 31, 2020
Adjusted
Trial Balance Adjustments Trial Balance
Account Titles Dr. Cr. Dr. Cr. Dr.
1 Cash 5,950 5,950
2 Accounts Receivable 7,100 2,700 9,800
3 Supplies 2,100 1,500 600
4 Prepaid Insurance 1,800 150 1,650
5 Equipment 12,000 12,000
6 Accounts Payable 7,200
7 Owner's Capital 20,000
8 Owner's Drawings 5,600 5,600
9 Service Revenue 10,500 2,700
10 Gasoline Expense 350 350
11 Salaries and Wages Expense 2,800 1,000 3,800
12 Totals 37,700 37,700
13
14 Depreciation Expense 500 500
15 Accumulated Depreciation - Equipment 500
16 Insurance Expense 150 150
17 Supplies Expense 1,500 1,500
18 Salaries and Wages Payable 1,000
19 Totals 5,850 5,850 41,900
20 Net Income
21 Totals
22
 Problem 4-5A Continued

Anya's Cleaning Service

ice

31, 2020
Adjusted
Trial Balance Income Statement Balance Sheet
Cr Dr. Cr Dr. Cr.
5,950 1
9,800 2
600 3
1,650 4
12,000 5
7,200 7,200 6
20,000 20,000 7
5,600 8
13,200 13,200 9
350 10
3,800 11
12
13
500 14
500 500 15
150 16
1,500 17
1,000 1,000 18
41,900 19
6,900 6,900 20
13,200 13,200 35,600 35,600 21
22
Name
Section
Date

(a), (e) and (f)

Cash No. 101
Date Explanation Ref. Debit Credit Balance
july1 invested in business j1 20000 20000
July 1 purchased truck j1 4000 16000
July 5 purchased insurance in advance j1 1800 14200
July 18 payment on account j1 2900 11300
July 20 payment of salaries j1 2800 8500
July 21 received cash on account j1 3400 11900
July 31 purchased gassoline j1 350 11550
July 31 to record drawings j1 5600 5950
Accounts Receivable No. 112
Date Explanation Ref. Debit Credit Balance
July 12 provided services on account j1 4500 4500
July 21 received cash on account j1 3400 1100
July 25 provided services on account j1 6000 7100

Supplies No. 126

Date Explanation Ref. Debit Credit Balance
July 3 purchased supplies on account j1 2100 2100

Prepaid Insurance No. 130

Date Explanation Ref. Debit Credit Balance
July 5 purchased insurance in advance j1 1800 1800

Equipment No. 157

Date Explanation Ref. Debit Credit Balance
July 1 purchased truck j1 12000 12000
Name Problem 4-5A Continued
Section
Date Anya's Cleaning Service

(a), (e) and (f) (Continued)

Accumulated Depreciation - Equipment No. 158
Date Explanation Ref. Debit Credit Balance

Accounts Payable No. 201

Date Explanation Ref. Debit Credit Balance
July 1 purchased truck j1 8000 8000
July 3 purchased supplies on account j1 2100 10100
July 18 payment on account j1 2900 7200
Salaries and Wages Payable No. 212
Date Explanation Ref. Debit Credit Balance

Owner's Capital No. 301

Date Explanation Ref Debit Credit Balance
July 1 invested in business J1 20000 20000
Owner's Drawings No. 306
Date Explanation Ref. Debit Credit Balance
July 31 to record drawings J1 5600 5600

Income Summary No. 350

Date Explanation Ref. Debit Credit Balance

Service Revenue No. 400

Date Explanation Ref. Debit Credit Balance
July 12 provided seervices on account j1 4500 4500
July 25 provided seervices on account j1 6000 10500
Name Problem 4-5A Continued
Section
Date Anya's Cleaning Service

(a), (e) and (f) (Continued)

Supplies Expense No. 631
Date Explanation Ref. Debit Credit Balance

Gasoline Expense No. 633

Date Explanation Ref. Debit Credit Balance
July 31 purchased gasoline j1 350 350

Depreciation Expense No. 711

Date Explanation Ref. Debit Credit Balance

Insurance Expense No. 722

Date Explanation Ref. Debit Credit Balance

Salaries and Wages Expense No. 726

Date Explanation Ref. Debit Credit Balance
July 20 payment of salaries j1 2800 2800
Name Problem 4-5A Continued
Section
Date Anya's Cleaning Service

(d) Income is $6900

Anya's Cleaning Service
Income Statement
For the Month Ended July 31, 2020
1 Revenues: 1
2 Service Revenue 13,200 2
3 Expenses: 3
4 Gasoline Expense 350 4
5 Salaries and Wages Expense 3,800 5
6 Depreciation Expense 500 6
7 Insurance Expense 150 7
8 Supplies Expense 1,500 8
9 Total Expense 6,300 9
10 Net Income 6,900 10
11 11
12 12
13 13
14 14
15 15

Ending Equity is $21,300

Anya's Cleaning Service
Owner's Equity Statement
For the Month Ended July 31, 2020
1 Beginning Owner's Capital - 1
2 Add: Owner's investment 20,000 2
3 Net income 6,900 3
4 Sub-total 26,900 4
5 Less: Owner's drawings (5,600) 5
6 Ending Owner's Capital 21,300 6
7 7
8 8
9 9
10 10
Name Problem 4-5A Continued
Section
Date Anya's Cleaning Service

(d) (Continued) Total Assets are $29,500

Anya's Cleaning Service
Balance Sheet
July 31, 2020
1 Assets 1
2 Current Assets 2
3 Cash 5,950 3
4 Accounts Receivable 9,800 4
5 Supplies 600 5
6 Prepaid Insurance 1,650 6
7 Total Current Assets 18,000 7
8 Property, Plant, and Equipment 8
9 Equipment 12,000 9
10 Less: Accumulated Depreciation (500) 10
11 Total Property, Pant, and Equipment 11,500 11
12 TOTAL ASSETS 29,500 12
13 13
14 Liabilities and Owner's Equity 14
15 Liabilities 15
16 Accounts Payable 7,200 16
17 Salaries and Wages Payable 1,000 17
18 Total Liabilities 8,200 18
19 19
20 Owner's Capital 21,300 20
21 TOTAL LIABILITIES AND OWNER'S EQUITY 29,500 21
22 22
23 23
24 24
25 25
26 26
27 27
Name Problem 4-5A Continued
Section
Date Anya's Cleaning Service

(e) General Journal J2

Date Accounts Titles Ref. Debit Credit

1 Adjusting Entries 1
2 July 31 Accounts Receivables 112 2700 2
3 Service Revenue 400 2700 3
4 to record revenue earned 4
5 31 Depreciation Expense - Equipment 711 500 5
6 Accumulated Depreciation - Equipment 158 500 6
7 to record depreciation expense 7
8 31 Insurance Expense 722 150 8
9 Prepaid Insurance 130 150 9
10 to recored insurance expired 10
11 31 Supplies Expense 631 1500 11
12 Supplies 126 1500 12
13 to record supplies used 13
14 31 Salaries and Wages Expense 726 1000 14
15 Salaries and Wages Payable 212 1000 15
16 to record amount owed to employee 16

(f) General Journal J3

Date Account Titles Ref. Debit Credit

1 Closing Entries 1
2 July 31 Service Revenue 400 13200 2
3 Income Summary 350 13200 3
4 to close revenues 4
5 31 Income Summary 350 6300 5
6 Gasoline Expense 633 350 6
7 Salaries and Wages Expense 726 3800 7
8 Depreciation Expense 711 500 8
9 Insurance Expense 722 150 9
10 Supplies Expense 631 1500 10
11 to close expenses 11
12 31 Income Summary 350 6900 12
13 Owner's Capital 301 6900 13
14 to close income summary 14
15 31 Owner's Capital 301 5600 15
16 Owner's Drawings 306 5600 16
17 To close drawings 17
18 18
19 19
Name Problem 4-5A Concluded
Section
Date Anya's Cleaning Service

(g)
Anya's Cleaning Service
Post-Closing Trial Balance
July 31, 2020
1 Debit Credit
2 Cash 5,950 1
3 Accounts Receivables 9,800 2
4 Supplies 600 3
5 Prepaid Insurance 1,650 4
6 Equipment 12,000 5
7 Accumulated Depreciation 500 6
8 Accounts Payablle 7,200 7
9 Salaries and Wages Payable 1,000 8
10 Owner's Capital 21,300 9
11 30,000 30,000 10
12 11
12