accounting

accounting_1.1.xlsx

Bank Reconciliation

Cash balance per bank statement

Adjusted cash balance per bank

Cash balance per books

Adjusted cash balance per books

GENERAL JOURNAL				Page
DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT	BILL’S LAWN CARE
					CHART OF ACCOUNTS
					ASSETS		REVENUES
					101	Cash	401	Lawn Service Revenue
					110	Accounts Receivable	410	Sales Revenue
					112	Allowance for Doubtful Accounts	415	Sales Returns and Allowances
					115	Notes Receivable	420	Interest Income
					116	Interest Receivable
					120	Supplies	COST OF GOODS SOLD
					130	Prepaid Insurance	501	Purchases
					140	Inventory	505	Purchase Returns and Allowances
					150	Equipment
					155	Accumulated Depreciation – Equipment	EXPENSES
							620	Supplies Expense
					LIABILITIES		630	Fuel Expense
					201	Accounts Payable	640	Repair and Maintenance Expense
					220	Notes Payable	650	Advertising Expense
					225	Interest Payable	660	Insurance Expense
							670	Depreciation Expense
					OWNER’S EQUITY		680	Interest Expense
					301	Owner’s Capital	690	Bad Debt Expense
					305	Owner’s Drawings	695	Miscellaneous Expense
					310	Income Summary

Percentage of Sales on Credit

Percentage of Accounts Receivable

Term of Note

Total Interest on Note

Accrued Interest June 30, 2014