Baldy's Barber Shop Transaction Listing Number Date GJ1 12/1/xxxx Baldy invested $15,000 of his personal funds into the business. Personal Check # 609 Number Date GJ2 12/1/xxxx Got a $10,000 5 year loan from Friendly Bank with a 10% interest rate Auto Transfer To Account Ref # Loan-765 Record as Long Term Number Date GJ3 12/3/xxxx Purchased and paid for the following Barber Equipment from Barber Supply Company: 1- Mirror $300 1- Full Length Wall Counter $500 1- Swivel Chair $1,000 1-Hair Kit (Clippers, Combs,etc) $800 for a total of $2600 Invoice #1890 Check # 1 Number Date GJ4 12/3/xxxx Signed a 2 year lease beginning December 1, xxxx with Acme Buildings and paid a required damage deposit of $1000 Check #2 Lease # Acme-555 Number Date GJ5 12/4/xxxx Paid barbers license fee of $200 to the state Check # 3 Number Date GJ6 12/4/xxxx Paid $500 to the City for business license. Check # 4 Number Date GJ7 12/4/xxxx Issued Check # 5 for $1000 to Acme Buildings for monthy buiding rent. Number Date GJ8 12/5/xxxx Hired and paid $525 to Susie's Catering for Grand Opening on December 15,XXXX Check #6 Invoice # 10975-1 Number Date GJ9 12/5/xxxx Purchased advertising on account for grand opening for $200 from Neighborhood News Terms of Credit Net 30 Invoice # 8745 Number Date GJ10 12/5/xxxx Paid Betty's Cleaning Service $300 to clean the building and get ready for the grand opening Check # 8 Invoice # 9321 Number Date GJ11 12/6/xxxx Issued Check # 9 in the amount of $1500 to Neighborhood News for 3 months of advertising beginning January 1, xxxx. Invoice # 1765 Number Date GJ12 12/6/xxxx Purchased and paid for Wi-Fi Services from Better Communications at a rate of $50/mo Invoiced $37 prorated amount for December Check #10 Invoice # 7890-1 Number Date GJ13 12/6/xxxx Paid Check # 11 for $200 to Dave Marshall, Bean Counter for professional services Invoice # 955 Number Date GJ14 12/6/xxxx Purchased and received 10 chairs for customer seating on account from Barber Supply 10 chairs @ $100 each for a total of $1000 Payment terms of net 30 Invoice # 99215 Number Date GJ15 12/6/xxxx Hired and paid Roger's Interior Painting $1200 to paint the building interior Invoice # 09657 Check # 12 Note: Discussed with Dave (Bean Counter) and decided to expense this service Number Date GJ16 12/7/xxxx Purchased and paid $600 to Discount TV's for a big screen TV for the enjoyment of customers Invoice # 9854-2 Check # 13 Number Date GJ17 12/7/xxxx Subscribed to Friendly Newspaper beginning 12/8/xxxx on a weekly basis of $10/week Paid for week of service Invoice # 00098 Check # 14 Number Date GJ18 12/8/xxxx Purchased and paid for a window sign with Baldy's name and business hours from Super Signs Invoice # 2679 Check # 15 Amount $250 Number Date GJ19 12/9/xxxx Purchased and paid $1,500 for a computer from Jim's Discount Computer Invoice # 17987 Check # 16 Number Date GJ20 12/9/xxxx Took Dave from Bean Counter out for a business lunch at Greasy Spoon Restaurant Receipt # 365 Check # 17 Amount $50 Number Date GJ21 12/9/xxxx Received invoice in the amount of $2500 and paid for contents and liability insurance for a year to Safeguard Insurance Term: December 1,xxxx thru November 30, XXXX Invoice # 5698 Check # 18 GJ22 Number Date 12/10/xxxx Received and paid $200 for utility bill from Better Utilities Period Covered: December 1, xxxx thru December 31, XXXX Invoice #421 Check # 19 Number Date GJ23 12/10/xxxx Received and paid Invoice for $30 from Mobile Communications Period Covered: December 1, xxxx thru December 31, xxxx Invoice # 32189 Check # 20 Number Date GJ24 12/11/xxxx Bought $50 worth of stamps at the post office Receipt # 9000-7 Check # 21 Note: Due to the small dollar amount expense this transaction Number Date GJ25 12/12/XXXX Received and paid $40 for business cards from Business Card Specialty Company Invoice # BCS-500987 Check # 22 Number Date GJ26 12/12/xxxx Bought and paid for office supplies totalling $150 from Ace Office Supply Invoice # 9643 Check # 23 Number Date GJ27 12/14/xxxx Purchased on credit a washer and dryer for $700 from Dan's Washer/Dryer Outlet Terms: Net 30 Invoice # 00321 Number Date GJ28 12/14/xxxx Bought and paid $325 for towels, wash clothes, and customer "bibs" from Cheap Barber Supplies Invoice # 2315 Check # 24 Number Date GJ29 12/14/xxxx Issued Check # 25 in the amount of $100 for Cash to set up Petty Cash Fund Number Date GJ30 12/14/xxxx Issued Check # 26 in the amount of $25 for uniform rental from Redi-Uniforms Weekly Service paid one week in advance beginning 12/15/xxxx Invoice # A-675 Number Date GJ31 12/15/xxxx Grand Opening Day has arrived - haircuts normally are $15 but are 1/2 price $7.50 today At the end of the day the sales summary is: 32 cuts @ $7.50 = $240 Number Date GJ32 12/15/xxxx Grand Opening Day arrived - haircuts normally are $15 but were 1/2 price $7.50 for grand opening Recorded Sales were $240 but Actual Cash Counted is $235 so we have a cash shortage Note: See JE31 Number Date GJ33 12/15/xxxx Issued Check # 27 for $10 to Friendly Newspaper for weekly subscription Number Date GJ34 12/16/xxxx Recorded Sales were $375 and Actual Cash Counted is $375 25 cuts @ $15 = $375 Number Date GJ35 12/17/xxxx Recorded Sales were $300 and Actual Cash Counted is $300 20 cuts @ $15 = $300 Number Date GJ36 12/18/xxxx Recorded Sales were $225 and Actual Cash Counted is $230 resulting in a $5 overage 15 cuts @ $15 = $225 Number Date GJ37 12/18/xxxx Cash Overage of $5 for 12/18 sales Recorded Sales were $225 and Actual Cash Counted is $230 resulting in a $5 overage Number Date GJ38 12/19/xxxx Recorded Sales were $150 and Actual Cash Counted is $150 10 cuts @ $15 = $150 Number Date GJ39 12/21/xxxx Issued Check # 28 for $10 to Friendly Newspaper for weekly subscription Invoice # 576 Number Date GJ40 12/22/xxxx Issued Check # 29 in the amount of $25 for uniform rental from Redi-Uniforms Weekly Service paid one week in advance for week beginning 12/22/xxxx Invoice # A-790 Number GJ41 Date 12/22/xxxx Recorded Sales were $300 and Actual Cash Counted is $300 20 cuts @ $15 = $300 Number GJ42 Date 12/23/xxxx Recorded Sales were $105 and Actual Cash Counted is $105 7 cuts @ $15 $105 Number Date GJ43 12/23/xxxx Issued Check # 30 in the amount of $100 to Betsy's Cleaning Service for weekly cleaning for the Period 12/15/xxx thru 12/22/xXXX Invoice # BC-32 Number Date GJ44 12/24/xxxx Recorded Sales were $600 and Actual Cash Counted is $600 40 cuts @ $15 = $600 Number Date GJ45 12/26/xxxx Recorded Sales were $300 and Actual Cash Counted is $300 20 cuts @ $15 = $300 Number Date GJ46 12/27/xxxx Recorded Sales were $150 and Actual Cash Counted is $150 10 cuts @ $15 = $150 Number Date GJ47 12/29/xxxx Issued Check # 31 to Neighborhood News for $200 to pay Invoice # 8745 dated 12/5/xxxx charged on Account Number Date GJ48 12/29/xxxx Issued Check to Barber Supply for 10 chairs invoced 12/6/xxxx on account Check # 32 Invoice # 99215 Amount $1000 Number Date GJ49 12/29/xxxx Paid Invoice # 00321 billed 12/14/xxxx on account from Dan's Washer/Dryer Outlet for $700 Check # 33 Number Date GJ50 12/29/xxxx Issued Check # 34 to Redi-Rental in the amount of $25 for weekly uniform rental Invoice #Baldy-2 Number Date GJ51 12/29/xxxx Issued Check # 35 for $10 to Friendly Newspaper for weekly subscription Invoice # 00250 Number Date GJ52 12/30/xxxx Recorded Sales were $60 and Actual Cash Counted is $60 4 cuts @ $15 = $60 Number Date GJ53 12/31/xxxx Recorded Sales were $300 and Actual Cash Counted is $300 20 cuts @ $15 = $300 Number Date GJ54 12/31/xxxx Issued Check # 36 in the amount of $100 to Betty's Cleaning Service for the period 12/23/xxxx to 12/30/xxxx Invoice # BC-75 Number Date GJ55 12/31/xxxx Issued Check # 37 in the amount of $100 to the Empty Stocking Fund Number Date GJ56 12/31/xxxx Issued Check # 38 in the amount of $1000 for Owner's Draw Instructions 1. Using the Chart of Accounts Listing and Transactions Listing record the transactions in the General Journal. When posting to the general journal, indicate which special journal the entry could also be posted to. (Note, we are only using the general journal for this case study). 2. Post the entries from the General Journal to the General Ledger. 3. Prepare an Unadjusted Trial Balance - Using the Financial Statements Worksheet (10 column worksheet). 4. Record Adjusting Entries in the General Journal