accounting trial balance help!! (edited)?
I can't balance this please correct me if something's wrong Tony Chopper recently established a business that will operate as CHOPPER'S CLEANING SERVICE. The transaction for February 2012 are presented below: feb 1 - deposited 62,000 cash in bank account in the name of the new company. dr. cash 62,000
cr. capital 62000 feb 3 - acquired cleaning supplies on account, 21,400 dr. cleaning supplies 21,400
cr. accounts payable 21,400 feb 5 - acquired cleaning equipment on account 15, 600 dr. cleaning equipment 15,600
cr. accounts payable 15,600 feb 6 - acquired an old service vehicle costing 47,000 for the business, paying 10,000 cash, and financing the remaining 37,000 by issuing a note payable. dr. service vehicle 47,000
cr. cash 10,000
cr. notes payable 37, 000 feb 7 - paid rent on office space for the month, 7,300 dr. rent expense 7,300
cr. cash 7,300 feb 9 - received 31,800 cash for cleaning services rendered. dr. cash 31,000
cr. cleaning revenue 31,800 feb 10 - paid for a newspaper advertisement, 1,700 dr. advertising 1, 700
cr. cash 1,700 feb 12 - paid for insurance for the next six months by recording prepaid insurance, 4,800 dr. prepaid insurance 4,800
cr. cash 4,800 feb 13 - paid 9,000 on account that was purchased on feb. 5 dr. accounts payable 9,000
cr. cas 9,000 feb 14 - paid miscellaneous expense, 2,200 dr. miscellaneous expense 2,200
cr. cash 2,200 feb 15 - billed customers 18,600 for cleaning services. dr. accounts receivable 18,600
cr. cleaning revenue 18, 600 feb 16 - paid salaries, 8,400 dr. salaries expense 8,400
cr. cash 8,400 feb 20 - collected 9,800 from customers billed on feb 15. dr. cash 9,800
cr. accounts receivable 9,800 feb 22 - paid amount due on the note payable 2,400 dr. notes payable 2,400
cr. cash 2,400 feb 25 - paid phone expenses 900. dr. telephone expense 900
cr. cash 900 feb 28 - paid salaries 17,900 dr. salaries expense 17,900
cr. cash 17,900 feb 28 - billed customers for cleaning services rendered 22,500 dr. accounts receivable 22,500
cr. cleaning revenue 22,500 feb 28 - withdraw 10,000 from the business for personal use. dr. drawing 10,000
cr. cash 10,000 is there something wrong with my entries?
And please, can anyone help me out with the income statement and balance sheet? T_T thanks in advance :) (my first post was the same as this. but I've mistakenly put 31,000 instead of 31,800 on feb. 9) T_T
cr. capital 62000 feb 3 - acquired cleaning supplies on account, 21,400 dr. cleaning supplies 21,400
cr. accounts payable 21,400 feb 5 - acquired cleaning equipment on account 15, 600 dr. cleaning equipment 15,600
cr. accounts payable 15,600 feb 6 - acquired an old service vehicle costing 47,000 for the business, paying 10,000 cash, and financing the remaining 37,000 by issuing a note payable. dr. service vehicle 47,000
cr. cash 10,000
cr. notes payable 37, 000 feb 7 - paid rent on office space for the month, 7,300 dr. rent expense 7,300
cr. cash 7,300 feb 9 - received 31,800 cash for cleaning services rendered. dr. cash 31,000
cr. cleaning revenue 31,800 feb 10 - paid for a newspaper advertisement, 1,700 dr. advertising 1, 700
cr. cash 1,700 feb 12 - paid for insurance for the next six months by recording prepaid insurance, 4,800 dr. prepaid insurance 4,800
cr. cash 4,800 feb 13 - paid 9,000 on account that was purchased on feb. 5 dr. accounts payable 9,000
cr. cas 9,000 feb 14 - paid miscellaneous expense, 2,200 dr. miscellaneous expense 2,200
cr. cash 2,200 feb 15 - billed customers 18,600 for cleaning services. dr. accounts receivable 18,600
cr. cleaning revenue 18, 600 feb 16 - paid salaries, 8,400 dr. salaries expense 8,400
cr. cash 8,400 feb 20 - collected 9,800 from customers billed on feb 15. dr. cash 9,800
cr. accounts receivable 9,800 feb 22 - paid amount due on the note payable 2,400 dr. notes payable 2,400
cr. cash 2,400 feb 25 - paid phone expenses 900. dr. telephone expense 900
cr. cash 900 feb 28 - paid salaries 17,900 dr. salaries expense 17,900
cr. cash 17,900 feb 28 - billed customers for cleaning services rendered 22,500 dr. accounts receivable 22,500
cr. cleaning revenue 22,500 feb 28 - withdraw 10,000 from the business for personal use. dr. drawing 10,000
cr. cash 10,000 is there something wrong with my entries?
And please, can anyone help me out with the income statement and balance sheet? T_T thanks in advance :) (my first post was the same as this. but I've mistakenly put 31,000 instead of 31,800 on feb. 9) T_T
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