August		Transaction											Amount
1		Issued common shares for cash											5,000
1		Borrowed cash from the bank											7,000
1		Paid cash for a used truck											6,000
4		Paid cash for a oneyear truck insurance policy effective August 1 (record as an asset)											600
5		Collected fees in cash from a client for work to be performed at a later date											5,000
7		Billed a client for services performed today											1,000
9		Paid cash for supplies purchased and used today											200
12		Purchased supplies on credit (record as an asset)											100
15		Collected part of the amount billed August 7											400
16		Paid cash for advertising in The News during the first two weeks of August											200
20		Paid in cash part of the amount owing for supplies purchased on August 12											80
25		Paid the following August expenses in cash:
		Rent											700
		Salaries											2,000
		Telephone											200
		Truck operating											500
28		Called clients about payment of the balances owing from August 7
29		Billed a client for services performed today, including $1,500 related to cash received August 5											5,000
31		Transferred Augusts prepaid expenses to insurance expense											60
31		Counted supplies and found this amount still on hand (recorded the amount used as an expense).											80

"A B D E F T V Date G H KL M N O Q R Singh Services Inc. Transactions Worksheet Assets Liabilities Ppd. Unused Bank Acct. Unear + Exp. + Supp. + Truck = Loan + Pay. + Rev. Description Acct. S/H Equity Comm. Ret. + Stock + Earn. Cash + Rec. August 1 1 1 4 2 3 5 7 9 12 15 16 20 25 5 5 3 3 28 29 31 31 Totals 3 5 5 ASSETS = LIAB. + S/H EQUITY = 7 A F H M B E Singh Services Inc. Income Statement For the Month Ended August 31, 2019 Singh Services Inc. Balance Sheet At August 31, 2019 Assets Revenue Fees Cash Acct.rec. Ppd. exp. Unused supp. Truck Total assets Expenses Advertising Insurance Rent Salaries Supplies Telephone Truck operating Total expenses Net income (loss) Liabilities Bank loan Acct. pay. Unearn. rev. Total liabilities Singh Services Inc. Statement of Changes in Equity For the Month Ended August 31, 2019 Stockholders' Equity Common stock Retained earn. Total S/H equity Retained earnings Total equity Total liab. and equity Commo n stock Opening balance Stock issued Net income (loss) Ending balance "A B D E F T V Date G H KL M N O Q R Singh Services Inc. Transactions Worksheet Assets Liabilities Ppd. Unused Bank Acct. Unear + Exp. + Supp. + Truck = Loan + Pay. + Rev. Description Acct. S/H Equity Comm. Ret. + Stock + Earn. Cash + Rec. August 1 1 1 4 2 3 5 7 9 12 15 16 20 25 5 5 3 3 28 29 31 31 Totals 3 5 5 ASSETS = LIAB. + S/H EQUITY = 7 "A B D E F T V Date G H KL M N O Q R Singh Services Inc. Transactions Worksheet Assets Liabilities Ppd. Unused Bank Acct. Unear + Exp. + Supp. + Truck = Loan + Pay. + Rev. Description Acct. S/H Equity Comm. Ret. + Stock + Earn. Cash + Rec. August 1 1 1 4 2 3 5 7 9 12 15 16 20 25 5 5 3 3 28 29 31 31 Totals 3 5 5 ASSETS = LIAB. + S/H EQUITY = 7 A F H M B E Singh Services Inc. Income Statement For the Month Ended August 31, 2019 Singh Services Inc. Balance Sheet At August 31, 2019 Assets Revenue Fees Cash Acct.rec. Ppd. exp. Unused supp. Truck Total assets Expenses Advertising Insurance Rent Salaries Supplies Telephone Truck operating Total expenses Net income (loss) Liabilities Bank loan Acct. pay. Unearn. rev. Total liabilities Singh Services Inc. Statement of Changes in Equity For the Month Ended August 31, 2019 Stockholders' Equity Common stock Retained earn. Total S/H equity Retained earnings Total equity Total liab. and equity Commo n stock Opening balance Stock issued Net income (loss) Ending balance "A B D E F T V Date G H KL M N O Q R Singh Services Inc. Transactions Worksheet Assets Liabilities Ppd. Unused Bank Acct. Unear + Exp. + Supp. + Truck = Loan + Pay. + Rev. Description Acct. S/H Equity Comm. Ret. + Stock + Earn. Cash + Rec. August 1 1 1 4 2 3 5 7 9 12 15 16 20 25 5 5 3 3 28 29 31 31 Totals 3 5 5 ASSETS = LIAB. + S/H EQUITY = 7