Accounting project 1

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Journal

Journal
Date Accounts Debit Credit
Jan. 1 Cash 410,000
Common Stock 410,000
(Issuance of common stock for cash)
Cash 86,100

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General Ledger

ASSETS LIABILITIES STOCKHOLDERS' EQUITY TEMPORARY ACCOUNTS
Cash Accounts Receivable Accounts Payable Deferred Revenue Common Stock Retained Earnings Service Revenue Advertising Expense
Insurance Expense
Interest Payable Salaries Payable
Supplies
Interest Expense Rent Expense
Notes Payable
Prepaid Insurance
Salaries Expense Supplies Expense
Accumulated Depreciation
Equipment Gasoline Expense Depreciation Expense
Dividends

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Trial Balance

Trial Balance Trial Balance Trial Balance
As of January 31, 2021 As of February 28, 2021 As of March 31, 2021
Unadjusted Adjusted Post-Closing Unadjusted Adjusted Post-Closing Unadjusted Adjusted Post-Closing
Accounts Debit Credit Debit Credit Debit Credit Accounts Debit Credit Debit Credit Debit Credit Accounts Debit Credit Debit Credit Debit Credit
Cash Cash Cash
Accounts Receivable Accounts Receivable Accounts Receivable
Supplies Supplies Supplies
Prepaid Insurance Prepaid Insurance Prepaid Insurance
Equipment Equipment Equipment
Accumulated Depreciation Accumulated Depreciation Accumulated Depreciation -
Accounts Payable Accounts Payable Accounts Payable -
Deferred Revenue Deferred Revenue Deferred Revenue -
Salaries Payable Salaries Payable Salaries Payable -
Interest Payable Interest Payable Interest Payable -
Notes Payable Notes Payable Notes Payable -
Common Stock Common Stock Common Stock -
Retained Earnings Retained Earnings Retained Earnings -
Dividends Dividends Dividends
Service Revenue Service Revenue Service Revenue
Advertising Expense Advertising Expense Advertising Expense
Rent Expense Rent Expense Rent Expense
Gasoline Expense Gasoline Expense Gasoline Expense
Supplies Expense Supplies Expense Supplies Expense
Depreciation Expense Depreciation Expense Depreciation Expense
Salaries Expense Salaries Expense Salaries Expense
Interest Expense Interest Expense Interest Expense
Insurance Expense Insurance Expense Insurance Expense
TOTAL TOTAL TOTAL -

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IS

YOUR COMPANY
Income Statement
For the Month Ended:
Jan. 31, 2021 Feb. 28, 2021 Mar. 31, 2021
REVENUES
Service Revenue
EXPENSES
Total Expenses
NET INCOME

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SE

YOUR COMPANY
Statement of Stockholders' Equity
For the Month Ended January 31, 2021
Common Retained Total Stockholders'
Stock Earnings Equity
Beginning balance, Jan. 1
Issuance of common stock
Net income for the month
Dividends for the month
Ending balance, Jan. 31
For the Month Ended February 28, 2021
Common Retained Total Stockholders'
Stock Earnings Equity
Beginning balance, Feb. 1
Issuance of common stock
Net income for the month
Dividends for the month
Ending balance, Feb. 28
For the Month Ended March 31, 2021
Common Retained Total Stockholders'
Stock Earnings Equity
Beginning balance, Mar. 1
Issuance of common stock
Net income for the month
Dividends for the month
Ending balance, Mar. 31

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BS

YOUR COMPANY
Balance Sheet
Jan. 31, 2021 Feb. 28, 2021 Mar. 31, 2021
ASSETS
Current Assets:
Total Current Assets
Long-Term Assets:
Total Long-Term Assets
TOTAL ASSETS
LIABILITIES
Current Liabilities:
Total Current Liabilities
Long-Term Liabilities:
Total Liabilities
STOCKHOLDERS' EQUITY
Total Stockholders' Equity
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY

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