Sakura Real Estate Agency

Trial Balance

July 31, 2020 (in $)

Account               Debit     Credit

Cash      16,240  

Prepaid Rent       8,100    

Supplies 3,460    

Accounts Receivable        6,500    

Equipment           10,000  

Vehicle  5,000    

Acc. Depreciation-Equipment                      350

Accounts Payable                            7,500

Advertisement Payable                  850

Capital, Rere                      20,600

Capital, Sasa                      20,000

Total      49,300   49,300

Presented below is information regarding Sakura Cleaning Services on August 2020.

Aug 3     Purchased $2,000 supplies by cash.                                                                                                     

Aug 5    

Performed three cleaning services for total of $3,500. Among those amount, $1,800 was on account.

Aug 7    

Paid the amount due of Advertisement Payable, and received $2,500 accounts receivable.

Aug 9

Received down payment of $4,500 for Aug 20 cleaning service. The rest of the amount, $5,500, would be received on the completion of service.

Aug 14  

Performed a cleaning service for $2,000, received immediately.

Aug 17  

Cleaned an influencer's apartment and paid $1,000 to them for advertisement. Content is posted on the day through tiktok.

Aug 20  

Completed the service received on Aug 9, received the rest of the payment of $5,500

Aug 28  

Performed a cleaning service for $2,700, on account.

Aug 30   Paid salaries of $7,000 and utilities of $800.                                                                                                    

Aug 31   Rere withdrew $80 from the business.                                                                                               

Sakura accumulates the following adjustment data at August 2020 :

- Supplies on hand at August 31 totals $1,500

- Depreciation expense for equipment and cars owned by Sakura are estimated $100 and $75 respectively, per month

- Service revenue on August 28 was wrongly recorded. It was recorded at $ 2,700 on account whereas it should be $ 3,000

- Sakura hired an administration staff on August 27 (Monday). The employees receive total salaries and wages of 2,500 for a five-day work week, or 500 per day. At August 31, the salaries and wages for these five days represent an accrued expense. The salary is paid every two weeks on Monday        

- On August 2, Rere paid office rent for one year $1,200 in exchange for her capital on Sakura.

- Sakura completed a cleaning service on August 30 for $150, but not recorded

Prepare the adjusted Journal, ledger and trial balance