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Student ID	Last Name	First Name	Section

Corporate Name:
Service Provided & Cost of Service:	Service Price per hour provided: $
Retail Product Sold & Sale Price and Cost of Product Sold:	Sales Price per Unit Sold: $ Cost per Unit Sold: $
Brief Description of Mission Statement and Corporation’s Operations :

Part 2 – General Journal (LO3-2) – Record the external journal entries to the general journal.
	General Journal
Transaction	Date	Account Name	Debit	Credit
1	Dec 1

2	Dec 1

3	Dec 1

4	Dec 1

5	Dec 1

6	Dec 3

7	Dec 3

8	Dec 6

9	Dec 10



10	Dec 12



11	Dec 15

Part 2- Continued…

12	Dec 20


13	Dec 23

14	Dec 31


15	Dec 25



16	Dec 31

17	Dec 31

18	Dec. 31

	Dec. 31

GENERAL LEDGER

Part 3 -Post External Entries and Ending balances to general ledger

Cash		Accounts Receivable		Equipment		Inventory
						TB
						Vehicle
			TB
					TB
			Allowance for Uncollectible Accounts		Accumulated Depreciation		TB
				*ATB*					Supplies
			Notes Receivable			TB		TB
TB			TB						*ATB*
Pre-Paid Rent		Deferred Revenue			*ATB*		Accounts Payable
TB				TB		Notes Payable
*ATB*				*ATB*			TB
			Interest Payable						TB
Salaries Payable			*ATB*		Utilities Payable		Income Tax Payable
	*ATB*						*ATB*			*ATB*

Services Revenue		Sales Revenue		Sales Discount		Salary Expense
	TB					TB			TB
						Utilities Payable
	*ATB*						*ATB*		*ATB*
			TB
Cost of Goods Sold		Depreciation Expense		Supplies Expense		Interest Expense
			TB			*ATB*			*ATB*
						Utility Expense		Bad Debt Expense
			*ATB*			*ATB*			*ATB*
TB			Rent Expense		Common Stock		Retained Earnings
Loss on Sale		*ATB*				TB			0
TB			Income Tax Expense		Dividends
			*ATB*			TB

TB = Trial Balance (should be your balance in the account after posting the external transactions)

ATB= Adjusted Trial Balance (should be your balance in the account after posting the adjusting journal transactions) If there was not an adjusting entry for an account, then the TB ending balance for that account would be the amount posted in both the Trial Balance and the Adjusted Trial Balance.

Sample of posting to account: External journal: Purchased $500 of supplies. Adjusting journal: $300 of supplies left at the end of the year so used up $200 of supplies. $500 in Trial Balance $300 in Adjusted Trial Balance ; Equipment purchased for $60,000 $60,000 in Trial Balance $60,000 in Adjusted Trial Balance

Darkened cells – no data entry

Supplies
TB 500	*200*	Equipment
*ATB 300*		TB 60,000

Part 4 – Trial Balance (LO3-2) – Prepare a trial balance from the information in the general

ledger. Some accounts will not have postings until after adjusting entries have been recorded.

*_______________________* *Trial Balance* *December 31,2019*
Account	Debit	Credit
Cash
Accounts Receivable
Allowance for Uncollectible Accounts
Inventory
Supplies
Pre-Paid Rent
Note Receivable
Equipment
Vehicle
Accumulated Depreciation
Accounts Payable
Notes Payable
Deferred (Unearned Revenue)
Salaries Payable
Interest Payable
Common Stock
Dividends
Retained Earnings (Beginning)
Service Revenue
Sales Revenue
Sales Disc
Salaries Expense
Supplies Expense
Cost of Goods Sold
Depreciation Expense
Loss on Sale
Bad Debt Expense
Interest Expense
Total	$	$

Part 5 – Adjusting journal Entries – (LO3-3) – Record the adjusting entries to the general journal

Adj-1	Dec. 31

Adj-2	Dec. 31

Adj-3	Dec. 31

Adj-4	Dec. 31

Adj-5	Dec. 31

Adj-6	Dec. 31

Adj-7	Dec. 31

Adj-8	Dec. 31

Adj-9	Dec. 31

Part 6- GENERAL LEDGER Post Adjusting Journal Entries and Ending balances to the general ledger accounts.

Part 7 – Adjusted Trial Balance (LO3-3) – Post the ending balances from the General Ledger to the Adjusted Trial Balance. Debits should equal credits if you have done the prior steps correctly.

*_______________________* *Adjusted Trial Balance* *December 31,2019*
Account	Debit	Credit
Cash
Accounts Receivable
Allowance for Uncollectible Accounts
Inventory
Supplies
Pre-Paid Rent
Note Receivable
Equipment
Vehicle
Accumulated Depreciation
Accounts Payable
Notes Payable
Deferred (Unearned Revenue)
Salaries Payable
Utilities Payable
Interest Payable
Income Tax Payable
Common Stock
Dividends
Retained Earnings (Beginning)
Service Revenue
Sales Revenue
Sales Disc
Salaries Expense
Supplies Expense
Cost of Goods Sold
Depreciation Expense
Rent Expense
Utility Expense
Bad Debt Expense
Income Tax Expense
Interest Expense
Loss on Sale
Total	$	$

Part 8– Prepare the end of the year Multi-Step Income Statement (LO3-4).

__ __________________________ Multi-Step Income Statement For the Year Ended December 31, 2019
Revenue:	$



Total Revenue		$
Less:
Gross Profit		$
Expenses:	$
Salaries Expense
Supplies Expense
Depreciation Expense
Rent Expense
Utility Expense
Bad Debt Expense
Total Operating Expenses		$
Operating Income		$


Income Before Income Taxes
Income Tax Expense 21% rate round to nearest whole dollar
Net Income		$

Part 9 – Prepare the end of the year Statement of Stockholders’ Equity (LO3-4).


Statement of Stockholders’ Equity
For the year ended Dec. 31, 2019
	Common Stock	Retained Earnings	Total Stockholder’s Equity
Beginning Balances	$ 0	$ 0	$ 0
Issued Stock
Net Income
Dividends
Ending Balances	$	$	$

Part 10 – Prepare the end of year Balance Sheet (LO3-4).

__________________________ Balance Sheet December 31, 2019
Assets		Liabilities
Current Assets:	$	Current Liabilities	$


Less:




Total Current Assets	$	Total Current Liabilities	$
Long-Term Assets:		Long-Term Liabilities	0
		Total Liabilities	$
Less:		Stockholders’ Equity:
Total Long-Term Assets	$	Common Stock
		Retained Earnings
		Total Stockholders’ Equity	$
Total Assets	$	Total Liabilities and Stockholders’ Equity	$