1st picture is for journal entries 2nd picture for adjusting journal entries and 3rd picture is for adjusted trial balance
Requirements are a journal entry, adjusted journal entry and adjusted trial balance 
John Smith has decided to open a business, "Smith Car Delivery Service", by investing his family/personal assets of $15,000 Cash, his family Car worth $30,000 and his family Furniture of $4.000 into his new business. Jan. 2. '18 Purchased office supplies on account for $2.435. Jan. 3, '18 Agreed & accepted Equipment worth $2,950 in payment for a car delivery service job he completed today for a customer that sells equipment. Jan. 4. '18 Purchased another car worth $27,000 by paying $4,000 cash and signing a Bank Loan Note Payable for the remainder. Jan. 5, '18 Received & paid the telephone bill $500. Jan. 6, '18 Completed many car service jobs totaling $9.500 on account/we gave each customer our invoice to please pay us within 30 days. Jan. 7, '18 Smith took $400 worth of office supplies home for personal/family use. Jan. 8, '18 Received an electric bill for $925, the bill will be paid next month. Jan. 9, '18 Jan. 10 '18 Paid the full amount due for the office supplies purchased on Jan. 2. 2018. Some customers invoiced on Jan. 6, 2018 paid us on account a total of $5,200. Jan. 11, '18 A customer that had previously paid us for a car delivery service job we completed complained that a portion of the job was done poorly, Smith agreed that his service was poor and refunded $425 cash to customer. Jan. 28, '18 Jan. 29, '18 Paid an employee his salary of $3,100 for working this entire month. Purchased an insurance policy for $3,600, the policy will start on Feb. 1, 2018, we paid cash for the insurance policy. Jan. 30,4918 Received $7,000 cash from a customer as an advance payment for an car delivery service job to be started & completed in March 2018. Jan. 31. '18 Paid a total of $3.900 for Jan. 2018 office rent of $1,300 and $2,600 as an advance payment on our rent bills for the period Feb. 2018 & March 2018. Problem (II.) Prepare the proper adjusting journal entries for the year ending 12/31/17 for the following, the company only makes adjusting journal entries once a year at year-end, show calculations clearly: (25 pts., 5 pts. each) 12/31/17 A. We own a business where many customers pay us in advance for a job/service we are to complete in the future, and we earn this advance on a monthly basis. The Unearned Service Revenue account has a balance of $24,000 and a review of the account shows the balance consists of a customer advance payment of $24,000 for an 8-month job that we started earning monthly revenue on 11/1/17. 12/31/17 B. Realized from a conversation with the business owner, an electrician, that on 12/27/17 there was a completed service worth $3,300 that was not paid for and we have not yet invoiced the customer. The actual invoice would be sent to the customer Jan. 7, 2018 and we hope to be paid by Jan. 31, 2018 12/31/17C. The Prepaid Insurance account has a balance of $16,000 as of the 12/31/17 Unadjusted Trial Balance, a review of the insurance policy shows that this balance consists of a $16,000 eight month insurance policy that started to be used 10/1/17. 12/31/17 D. The company had an opening Office Supplies account balance of $3.950, it also purchased supplies during the year of $2,100 and had returned supplies (that were broken) of $900, an actual inventory at 12/31/17 of supplies shows $1,700 of supplies remaining in the supply room. 12/31/17 E. Salaries for the 7-day work week (for the period Monday-Sunday) of $28,000 are paid once a week on Sunday Jan. 2, 2018 so Friday is 12/31/2017. Problem (III.) From the following "Adjusted Trial Balance" prepare only an Income Statement for the year ended 12/31/2012, must be in good form, DO NOT abbreviate accounts on statements: (15 pts.) Salaries Expense Peter Plumbing Adjusted Trial Balance Dec 31, 2012 Dr. Cr. $24,000 Rental Service Revenue $ 13,000 Equipment $20,000 Rent Expense $12,000 Unearned Plumbing Revenue $ 4,000 Prepaid Insurance $ 600 Tax Expense $ 4,000 Cash $ 5,800 Plumbing Revenue $42,000 Accounts Receivable $12,500 Withdrawals-Peter $ 5,400 Notes Payable $ 6,000 Truck $16,000 Postage Expense $ 1,000 Supplies $ 5,000 Capital-Peter $25,000 Insurance Expense $ 3,000 Unearned Repair Revenue $ 1,000 Utilities Expense $ 2,100 Salaries Payable $ 2,000 Accounts Payable $14,400 Repair Revenue $ 4,000 Totals $111,400 $111,400
