B Amount Cash Res $ 723,600 159,192 SO 7,055 15,919 39,798 31,694 3 Date Description Beginning Balances, January 1st Year 1 4 Issued common stock in exchange for 1-Jan S cash borrowed money Trom the bank by 1-Feb signing a one-year note, at a rate of 6 Paid for advertisements to be run 10-Mar 7 during the month Paid in advance for a one-year 1-Apr 8 insurance policy Paid in advance for two years of rent on 1-Oct a storage facility 15-May Purchased supplies on account 10 Landscaping equipment is purchased 1Jun 11 for cash Performed lawn mowing services for 18-Jul 12 cash Paid for maintenance on the lawn 1-Aug 13 mowers in cash Performed landscaping services on 20-Aug 14 account Received cash payment from a customer 30-Nov for future services (not yet performed) Paid new employees for one month of 15-Dec work, payday is always on the 15th of 16 the month 17 December 31st Adjustments: Eleven months of interest has accrued on the note (to be paid in cash on Feb 1 next year Nine months have lapsed on the one year insurance policy 578,880 132,419 10,583 102,751 15 83,214 32,562 578 880 132,419 12 10,583 14 102,751 83,214 32,562 11 for cash Performed lawn mowing services for 18-Jul cash Paid for maintenance on the lawn 1-Aug 13 mowers in cash Performed landscaping services on 20-Aug account Received cash payment from a customer 30-Nov 15 for future services (not yet performed) Paid new employees for one month of 15-Dec work; payday is always on the 15th of 16 the month. 17 December 31st Adjustments: Eleven months of interest has accrued on the note (to be paid in cash on Feb 1 18 next year) Nine months have lapsed on the one- b 19 year insurance policy A physical count of supplies at the end C of the year reveals half of the supplies 20 were used The equipment is estimated to have a useful life of five years with no salvage 21 value, depreciation must be recorded. The rented storage facility has been used for three months Employees have worked for half a f month (December 16 - December 31) in the current year but won't be paid until 23 January 15 24 25 Ending Balances, December 31st Year 1 26 27 d e 22 28 29 30 31 nt Alignment Number S Halance Sheet Assets Lates Prepaid Inwen Uncerned Service Accounts Resclable Prepaid Cash Account Payable Sale Paide Notes Povable Inters Parah Rent Supplies Equipment Styles Cells Editing AA AD ANI AT Lates Stockholder's Euty Salaries Payable Interest Payable Common Retained Expenses Should Be Entered as Positive Numbers Income Statement Account Title Statement of Cachow Remu Expense Netcome Amount B Amount Cash Res $ 723,600 159,192 SO 7,055 15,919 39,798 31,694 3 Date Description Beginning Balances, January 1st Year 1 4 Issued common stock in exchange for 1-Jan S cash borrowed money Trom the bank by 1-Feb signing a one-year note, at a rate of 6 Paid for advertisements to be run 10-Mar 7 during the month Paid in advance for a one-year 1-Apr 8 insurance policy Paid in advance for two years of rent on 1-Oct a storage facility 15-May Purchased supplies on account 10 Landscaping equipment is purchased 1Jun 11 for cash Performed lawn mowing services for 18-Jul 12 cash Paid for maintenance on the lawn 1-Aug 13 mowers in cash Performed landscaping services on 20-Aug 14 account Received cash payment from a customer 30-Nov for future services (not yet performed) Paid new employees for one month of 15-Dec work, payday is always on the 15th of 16 the month 17 December 31st Adjustments: Eleven months of interest has accrued on the note (to be paid in cash on Feb 1 next year Nine months have lapsed on the one year insurance policy 578,880 132,419 10,583 102,751 15 83,214 32,562 578 880 132,419 12 10,583 14 102,751 83,214 32,562 11 for cash Performed lawn mowing services for 18-Jul cash Paid for maintenance on the lawn 1-Aug 13 mowers in cash Performed landscaping services on 20-Aug account Received cash payment from a customer 30-Nov 15 for future services (not yet performed) Paid new employees for one month of 15-Dec work; payday is always on the 15th of 16 the month. 17 December 31st Adjustments: Eleven months of interest has accrued on the note (to be paid in cash on Feb 1 18 next year) Nine months have lapsed on the one- b 19 year insurance policy A physical count of supplies at the end C of the year reveals half of the supplies 20 were used The equipment is estimated to have a useful life of five years with no salvage 21 value, depreciation must be recorded. The rented storage facility has been used for three months Employees have worked for half a f month (December 16 - December 31) in the current year but won't be paid until 23 January 15 24 25 Ending Balances, December 31st Year 1 26 27 d e 22 28 29 30 31 nt Alignment Number S Halance Sheet Assets Lates Prepaid Inwen Uncerned Service Accounts Resclable Prepaid Cash Account Payable Sale Paide Notes Povable Inters Parah Rent Supplies Equipment Styles Cells Editing AA AD ANI AT Lates Stockholder's Euty Salaries Payable Interest Payable Common Retained Expenses Should Be Entered as Positive Numbers Income Statement Account Title Statement of Cachow Remu Expense Netcome Amount
