1. Record your initial investment of $100,000

.2. Record the three energy bills.

3. Record all moving jobs that are listed on your moving calendar. You will record the sale (the amount listed that you charged them), the contractor expense (you pay your movers $20 per hour), and supplies expense (listed for each job on the calendar) for each job.

4. Record the two truck purchases. You will also have monthly loan payments and depreciation related to these purchases.

5 . Record deposit and monthly rent payments using the leasing agreement. Trucks purchased will be depreciated straight line monthly over 12 years with no residual value. Depreciation is calculated at the end of each month. DO NOT PRORATE AMOUNTS. Each month over the 12 years will have the same amount of depreciation including the month you purchase the vehicles. You first payment will take place the month after purchase.

There is no interest owed on the loan. DO NOT PRORATE AMOUNTS. Each month over the 5 years will have the same amount of loan payment.

There should be only ONE fixed asset account for trucks, ONE accumulated depreciation account for trucks, ONE loan payable balance, and ONE depreciation expense account. In other words, you do not need to create a separate account for each purchase. These four accounts will include all of the trucks your company purchases. You pay your movers at $20 per man hour for each moving job. They are paid after each moving job. You do not owe payroll taxes on their wages. All bills should be entered. You pay your bills on the due date, not when received. You take full payment from the customers on the day of the move.

All in bold text has been completed and can be seen in images scanned. All that is needed is to fill out the balance sheet and income statement with the above information.

3/10/2018 Cash $2,000 Sale $2,000 3/10/2018 Contractor expense (18$20)$360 Cash $360 3/10/2018 Supplies expenses $300 Cash $300 3/14/2018 Cash $300 Sale $300 3/14/2018 Contractor expense (1.5$20)$30 Contractor expense payable $30 3/14/2018 Supplies expenses $50 Cash $50 3/17/2018 Supplies expense payable $30 Cash $30 3/29/2018 Cash $1,500 Sale $1,500 3/29/2018 Contractor expense (12$20)$240 Contractor expense payable $240 3/29/2018 Supplies expenses $300 Cash $300 3/31/2018 Contractor expense payable $240 Cash $240 4 Record the two separate truck purchases and calculated depreciation for Jan, fag and March 1/12/2018 Moving trucks $103,480 Long term Loan $103,480 Long term loan $48,325 1/31/2018 Depreciation expense $718.61 Accumulated Depreciation $718.61 (Full month depreciation is charged) 2/28/2016 Depreciation expense $718.61 Accumulated Depreciation $718.61 Depreciation is not charged on second purchase as it put to use in last 2/1/2018 Long term loan $1,724.67 Cash $1,724.67 (Loan installment paid) 3/1/2018 Long term loan $1,724.67 Cash \$1,724.67 5 Record the leasing agreement 1/1/2018 Refundable Deposit $5,000 Cash $5,000 1/1/2018 Rent expense $1,000 Cash $1,000 2/1/2018 Rent expense $1,000 Cash $1,000 3/1/2018 Rent expense $1,000 Cash $1,000 3/23/2018 Moving Trucks $48,325 1 Record your initial invectment 1/2/2018 Cash $100,000 Common stock $100,000 2 Record the energy bills 1/31/2018 Utility expenses $665.72 Utility payable $665.72 2/15/2018 Utility Payable $665.72 Cash $665.72 2/28/2018 Utility expenses $845.79 Utility payable $845.79 3/15/2018 Utility Payable $845.79 Cash $845.79 3/15/2018 Utility expenses $795.63 Utility payable $795.63 4/15/2018 Utility Payable $795.63 Cash $795.63 3 Record all moving jobs that are listed on your calendar 1/4/2018 Cash $1,500 Sale $1,500 1/4/2018 Contractor expense (12$20)$240 Contractor expense payable $240 1/4/2018 Supplies expenses $200 Cash $200 1/6/2018 Cash $300 Sale $300 1/6/2018 Contractor expense (2$20)$40 Contractor expense payable