can you help me create ab adjusted trial balance, income statement, statement of retained earnings and balance sheet please?

transactions:

templates:

journal entries:

adjusted journal entries

t accounts

bank reconciliation:

Part Five Instructions Before preparing the Financial Statements make sure all the assignments have been corrected in your spreadsheets. Prepare the Financial Statements listed below using Excel. a. Adjusted Trial Balance b. Income Statement c. Statement of Retained Earnings d. Balance Sheet Transactions Date Deposit No. Description Check No. 1. 1/02/2022 Evy Scout met with her lawyer and CPA for advice on starting the business. The lawyer told Ms. Scout to register the company name Evy's Electric Bike Shop with the County of El Paso. In addition, Ms. Scout will get an Employer Identification Number (EIN) from the Internal Revenue Service (IRS) and get a sales tax permit from the state of Texas. 2. 1/02/2022 Deposit #1 Ms. Scout opened a business checking account at Wells Fargo Bank by depositing $70,000. The corporation issued her a stock certificate for 7,000 shares of common stock, 3. 1/03/2022 Ck #1001 Ms. Scout signed a one-year rental. She was required to pay $9,000 for rent for the months of January 1, 2022 June 30, 2022. 4. 1/03/2022 Ck #1002 Arranged for a general business liability insurance policy and paid $4,000 to State Penn Insurance. This premium is for twelve months coverage. 5. 1/03/2022 Purchased a new computer system that cost $5,200 from Computer Inc. for use in the business. Ms. Scout signed a note payable for the cost of the system which will be repaid in 6 months at 10% interest. The computer system has an estimated useful life of five years, and the residual (salvage) value is $400. Only record the purchase of the computer equipment. 6. 1/05/2022 Deposit #2 Signed a note payable to borrow $10,000 from Wells Fargo Bank. Interest is 12% annually and the note is to be repaid with interest in twelve months. Only record the note. 7. 1/05/2022 Ck #1003 Paid $1,100 for shipping supplies. 8. 1/06/2022 Ck #1004 9. 1/06/2022 Ck #1005 Ck #1006 10. 1/08/2022 11. 1/08/2022 12.1/09/2022 Ck #1007 13. 1/13/2022 14. 1/14/2022 15. 1/14/2022 Paid $14,000 for Bike Racks. The estimated service life of these assets is 8 years. The residual (salvage) value is $200. These items will be recorded as Bike Racks and depreciated using straight-line depreciation in the adjusting entries. Only record the purchase of the racks. Arranged for Sun City Movers to make the delivery of the computer system and paid the delivery charge of $750. This charge should be added to the cost of the computer equipment purchased and depreciated on the same basis as the computer equipment. Only record the delivery. Purchased $450 of office supplies from Office Supplies Co. using cash. Purchased $8,000 of merchandise inventory (26" bikes) on account. There were no credit terms for prompt payment. Purchased $6,000 of merchandise inventory (20 bikes) on account. There were no credit terms for prompt payment. Ms. Scout received and paid the $940 charge from her lawyer. Evy's Electric Bike Shop, Inc. is now open for business. Sold merchandise for $11,200 cash. The sales tax for $924 was not included in the sale amount. The cost of the 26" bikes is $4,000; the cost of the 20" bikes is $1,600. This sale has to be delivered to the customer. The merchandise will be shipped FOB destination. Paid $250 to ship the merchandise in transaction #15. Purchased additional 26" bikes on account for $5,000. Credit terms were 2/15, n/30 Recorded cash sales that totaled $11,600. Sales tax of $957 was not included in the sale amount. The cost of merchandise sold was $5,800 (26" bikes were $5,000; 20 bikes were $800). Ms. Scout joined the El Paso Chamber of Commerce. She paid the registration fee of $200. Deposit #3 Ck #1008 16. 1/16/2022 17. 1/16/2022 18. 1/20/2022 Deposit #4 19. 1/22/2022 Ck #1009 20. 1/23/2022 21. 1/23/2022 22. 1/26/2022 Ck #1010 23. 1/26/2022 Ck #1011 24. 1/27/2022 Deposit #5 Ms. Scout participated in a biking exhibition held at the convention center. She felt this was a good way to publicize her new business. Convention Center charged Ms. Scout $800. She will pay the bill later. She considers this an advertising and promotion expense. Ms. Scout paid the Convention Center rental. Paid for the bikes purchased on 1/09/2022. Ms. Scout recorded cash sales totaling $7,600. Sales tax of $627 was not included in the sale amount. The cost of the merchandise sold was $3,800 (26" bike $1,000; 20" bike $2,800). Paid the balance due for the 26" bikes. There are two invoices. Received but did not pay the utility bill for the month, $445. Ck #1012 25. 1/27/2022 26. 1/30/2022 27. 1/30/2022 Ck #1013 28.1/30/2022 Paid the first monthly installment on the computer equipment. The payment amount is $910. Of this amount, $43.33 is for interest and $866.67 is for principal. Purchased fifteen 26" bikes for $7,500 and purchased ten 20" bikes for $4,000 on account. Recorded sales made for the last week of the month. Total sales were $16,000 cash. Sales tax of $1,320 was not included in the sale. The cost of the merchandise sold was $8,000 (26" bikes $6,000; 20" bikes $2000). Declared and paid a cash dividend of $650 to Ms. Scout. Paid the Sales Tax to the Comptroller. 29. 1/30/2022 Deposit #G 30. 1/30/2022 31. 1/31/2022 Ck #1014 Ck #1015 Evy's Electric Bike Shop Adjusted Trial Balance 1/31/2022 Account Names Debit Credit 0 1 12 13 14 wN Evy's Electric Bike Shop Income Statement For the Period Ended 1/31/2022 List all Revenue accounts Sales COGS Gross Profit Expenses Net Income/Net Loss List all expenses not included in Cost of Goods Sold Determine if there is net income or net loss Follow the proper format for the Income Statement Evy's Electric Bike Shop Statement of Stockholders' Equity For the Period Ended 1/31/2022 Follow the proper format for a Statement of Stockholders' Equity Common Stock Retained Earnings Evy's Electric Bike Shop Balance Sheet 1/31/2022 a Follow the proper format for a Balance Sheet using report or account form Assets Liabilities Stockholders' Equity H F G Account Dollar Amount 1 2 5 AIR 39003 $ 10000 $ 10000 $ 27050 $ 27000 $ 10000 $ 10000 $ 10000 $ 10000 $ 20000 $ 20000 $ 10000 $ 70,000.00 9,000.00 4,000.00 5,200.00 10,000.00 1,100.00 14,000.00 750.00 450.00 8,000.00 6,000.00 940.00 $S&889SXNXXS = 3 20 21 22 23 24 25 26 27 28 29 30 A B Transad Di 1 2 D. 3 DI 4 D 5 Dr BDI 7 Dr SID: 9 DI 10 DI 110 12 Dr 13 Dr 14 DI 15 Dr Dr DI D 16 Dr 17 Dr 18 DE Dr Dr Dr 19 DI 20 DE 21 Dr 22 D 23 D. 24 Dr DE Dr DI 25 Dr 26 Dr 27 DI Dr 28 D DI 29 Dr Dr Dr Dr 30 DI 31 Dr 1 C D E Account Dollar Amount C NO JE 10000 $ 70,000.00 CI 14000 $ 9,000.00 CI 14050 $ 4,000.00 CI 15100 $ 5,200.00 CI 10000 $ 10,000.00 C 13050 $ 1,100.00 CI 15000 $ 14,000.00 C 15100 $ 750.00 C 13000 $ 450,00 C 12000 $ 8,000.00 C 12050 $ 6,000.00 Cr 60800 $ 940,00 C NO JE LICE 10000 $ 12.124.00 CI C 50000 $ 5,600.00 C Or 60500 $ 250.00 C 12000 $ 4,900.00 C 10000 $ 12,557.00 CE Cr 50000 $ 5,800.00 C CI 60400 $ 200.00 C NO JE Cr 601001 $ 800.000 20000 $ 800.00 C 20000 $ 6,000.00 C 10000 $8,22700C 50000 $ 3,800.00 C ILLICI 20000 $ 12.900.00 C 61400$ 445.00 CE 27050 $ 866.67 Cr 60700 $ 43.33C 12000 $ 7,500.00 CI 12050 $ 4,000.00 C 10000 $ 17.320.00 C Cr 50000 8,000.00 CE Cr 39007| $ 650.00 Cr 23300 $ 3,828.00 CI 23300 $ 40000 $ 12000 $ 12050 $ 10000 $ 20000 $ 23300 $ 40000 $ 12000 $ 12050 $ 10000 $ 924.00 11,200.00 4,000.00 1,600.00 250.00 4,900.00 957.00 11,600.00 5,000.00 800.00 200.00 32 33 20000 $ 10000 $ 10000 $ 233001 $ 40000 $ 12000$ 12050 $ 10000 $ 23400 $ 10000 $ 800.00 800.00 6.000.00 627.00 7,600.00 1,000.00 2.800.00 12,900.00 445.00 910.00 35 36 37 38 20000 $ 11,500.00 41 42 43 44 45 46 47 23300$ 40000 $ 12000 12050 $ 100000 $ 10000 $ 1.320.00 16 000.00 00.00 2.000.00 650.00 3,828.00 Transaction # a. b. c. d. Transaction: Dr 1 Dr 2 Dr 3 Dr 4 Dr 5 Dr 6 Dr 7 Dr 8 Dr Account Dollar Account Dollar Number Amount Cr Number Amount 60900 $ 380.00 Cr 13000 $ 380.00 61000 $ 900.00 Cr 13050 $ 900.00 61300 $ 1,300.00 Cr 23200 $ 1,300.00 61100 $ 92.50 Cr 17100 $ 92.50 61100 $ 143.75 Cr 17000 $ 143.75 60600 $ 333.33 Cr 14050 $ 333.33 61200 $ 1,500.00 Cr 14000 $ 1,500.00 60700 $ 100.00 Cr 23250 $ 100.00 e. f. g h. H L 11000 Accounts Receivable Debit Credit $ M N 13000 Office Supplies Debit Credit 450.00 $ 380.00 70.00 12000 Inventory 26 Bikes Debit Credit $ 8,000.00 $4,000.00 S 4,900.00 $ 5.000.00 $ 7,500.00 $ 1.000.00 $ 6,000.00 $ 4,400.00 $ $ K 12050 Inventory 20" Bikes Debit Credit 6,000.00 $ 1,600.00 4,000.00 $ 800.00 $ 2,800.00 $ 2.000.00 2,800.00 10000 Cash Debit Credit $ 70,000.00 $ 9,000.00 $ 10,000.00 $ 4,000.00 $ 12,124.00 $ 1,100.00 $ 12.557.00 $ 14,000.00 $ 3.227.00 S 730.00 $ 17,320.00 $ 450.00 3 $ 940.00 $ 250.00 s 200.00 $ 800.00 $ 6,000.00 $ 12,500.00 + s 910.00 $ 650.00 $ $ $ 14000 Prepaid Rent Debit Credit $ 9,000.00 $ 1.500.00 $ 7,500.00 13050 Shipping Supplies Debit Credit 1,100.00 $ 900.00 200.00 $ $ 14050 Prepaid Insurance Debit Credit 4,000.00 $ 333.33 3,666.67 15000 Bike Racks 14,000.00 $ $ $ 3,828.00 $ 14,000.00 $ 74,450.00 15100 Computer Equipment Debit Credit $ 5,200.00 $ 750.00 $ 5,950.00 20000 Accounts Payable 23200 Wages Payable 17000 Accumulated Depr.- Debit Credit 143.75 12100 Accumulated Depr. Debit Credit Debit Credit 1,300 1.300.00 9250 S Debit Credit $ 300.00 $ 8,000.00 $ 6,000.00 $ 5,000.00 $ 12,900.00 $ 4,500.00 $ 800.00 $ 11,500.00 $ 11,500.00 $ 92.50 $ 141.75 23400 Utility Payable Debit Credit $ 445.00 $ 415.00 23250 Interest Payable Debit Credit $ 100.00 $ 100.00 23300 Sales Tax Payable Debut Gredit $ 3.378.00 $ 924.00 S 957.00 $ 627.00 27000 Note Payable Debit Credit $10,000.00 27050 Note Payable Debit Credit 566,675 5.200.00 4,333.33 39003 Common Stock Debit Credit $ 20,000.00 s 39005 Retained Earnings Debit Credit ch S $ 100.00 100.00 27000 Note Payable Debit Credit $10,000.00 27700 Sales Tax Payable Debit Credit $ 3,828.00 $ 924.00 5 957.00 S 622.00 $ 1.320.00 $ 27050 Note Payable Debit Credit 866.67$ 5,200.00 43333 39003 Common Stock Debit Credit $ 20,000.00 $ 39005 Retained Earnings Debit Credit $ 10.000.00 40000 Sales 50000 COGS 60100 Adv. & Promo Exp 60200 Tank Service Fee Debit Credit Credit Debit Debut 800.00 Credit + $ Credit $ 11,200.00 $11.600.00 $ 7.600.00 $16.000.00 5.46.400.00 Debit $5.500.00 $ 5.000.00 $ 1.500.00 $ 2.000.00 $ 21,200.00 3 39007 Dividends 5 Debit Credit 65 690.00 17 36 19 50 60300 51 Credit Card Expense 52 Debit 53 60600 60700 Credit 60000 Dues & Heation Debit Credit 5 200.00 COSO Delivery Expense 250.00 5 Insurance Expense 333.33 Interest Expense 43.33 100.00 $ $ $ 54 55 56 5 143.33 000 Legal Expense 0.00 5 595 60 61 62 Es gigas 607300 Office Supplies Esp Debit Credit 180.00 61000 Shipping Supplies Exp Debit Credit 900.00 61100 Depreciation Expense Debat Credit 5 $ $ $ 925 61200 Hent Expense Debut Credit 1.500.00 $ 900.00 143.75 23625 S D F H B $ $ 800.00 39007 Dividends Debat SS 650.00 E $ 11,200.00 $ 11,600.00 $7,600.00 $ 15,000.00 $ 46,400.00 G $ 5,600.00 $ 5,800.00 $ 3,800.00 $ 8,000.00 $ 23,200.00 Credit 60600 60700 9 0 60300 Credit Card Expense Debit Credit 60400 Dues & Registration Debit Credit 200.00 51 52 53 Insurance Expense 333.33 60500 Delivery Expense 250.00 $ Interest Expense 43.33 100.00 $ $ $ $ + S 143.33 GORO Legal Expense 540.00 54 55 56 57 58 59 s 60 61 62 63 64 65 50900 Office Supplies Exp. Debit Credit 330.00 61000 Shipping Supplies Exp. Debit Credit 900.00 61100 Depreciation Expense Debit Credit 92.50 14.73 236.25 61200 Rent Expense Debit Credit 1,500.00 $ $ $ $ $ $ 900.00 61400 Utility Expense 445.00 61500 Gasoline Expense $ 66 61300 67 Wage Expense 68 Debit Credit 695 1,100.00 70 71 72 "Evy's Electric Bike Shop Ending Cash Balance in Account Adjustments or errors / Reconciled Balance Balance $74,450.00 $ (305.00) $74.145.00 + Book Issues Check printing fee American Express for Gas $ 170.00) $ 235.00 Wells Fargo Bank Balance Ending Cash Balance on Bank Statement $ 76,363.00 Deposits in Transit $17,320.00 Outstanding Checks S (19,088.00) Adjustments or errors +/- $ 1450.00) 5 Reconciled Balance $ 74,145.00 7 If any journal entries need to be written add them here. 9 Bank Issues 10 Deposits 1-5 are correct 11 Deposit 6 not recorded $ 17,320.00 12 Check 1001 - 1006 are correct 11 Check 1007 error $ (450,00) 14 Check 1010 outstanding S (800.00 15 Check 1012 outstanding $ 112,900.00 16 Check 1013 outstanding 5 1910.001 17. Check 1014 outstanding $ (650.00) 16 Check 1015 outstanding $ (3,828.00) 19 Add or subtract rows as needed 20 21 22 21 MY NOTES Recorded at Bank took out Bank needs addition 940 490 450 out Journal Entries OV 602005 61500 70.00 C 235.00 100005 10000 70.00 235.00 Part Five Instructions Before preparing the Financial Statements make sure all the assignments have been corrected in your spreadsheets. Prepare the Financial Statements listed below using Excel. a. Adjusted Trial Balance b. Income Statement c. Statement of Retained Earnings d. Balance Sheet Transactions Date Deposit No. Description Check No. 1. 1/02/2022 Evy Scout met with her lawyer and CPA for advice on starting the business. The lawyer told Ms. Scout to register the company name Evy's Electric Bike Shop with the County of El Paso. In addition, Ms. Scout will get an Employer Identification Number (EIN) from the Internal Revenue Service (IRS) and get a sales tax permit from the state of Texas. 2. 1/02/2022 Deposit #1 Ms. Scout opened a business checking account at Wells Fargo Bank by depositing $70,000. The corporation issued her a stock certificate for 7,000 shares of common stock, 3. 1/03/2022 Ck #1001 Ms. Scout signed a one-year rental. She was required to pay $9,000 for rent for the months of January 1, 2022 June 30, 2022. 4. 1/03/2022 Ck #1002 Arranged for a general business liability insurance policy and paid $4,000 to State Penn Insurance. This premium is for twelve months coverage. 5. 1/03/2022 Purchased a new computer system that cost $5,200 from Computer Inc. for use in the business. Ms. Scout signed a note payable for the cost of the system which will be repaid in 6 months at 10% interest. The computer system has an estimated useful life of five years, and the residual (salvage) value is $400. Only record the purchase of the computer equipment. 6. 1/05/2022 Deposit #2 Signed a note payable to borrow $10,000 from Wells Fargo Bank. Interest is 12% annually and the note is to be repaid with interest in twelve months. Only record the note. 7. 1/05/2022 Ck #1003 Paid $1,100 for shipping supplies. 8. 1/06/2022 Ck #1004 9. 1/06/2022 Ck #1005 Ck #1006 10. 1/08/2022 11. 1/08/2022 12.1/09/2022 Ck #1007 13. 1/13/2022 14. 1/14/2022 15. 1/14/2022 Paid $14,000 for Bike Racks. The estimated service life of these assets is 8 years. The residual (salvage) value is $200. These items will be recorded as Bike Racks and depreciated using straight-line depreciation in the adjusting entries. Only record the purchase of the racks. Arranged for Sun City Movers to make the delivery of the computer system and paid the delivery charge of $750. This charge should be added to the cost of the computer equipment purchased and depreciated on the same basis as the computer equipment. Only record the delivery. Purchased $450 of office supplies from Office Supplies Co. using cash. Purchased $8,000 of merchandise inventory (26" bikes) on account. There were no credit terms for prompt payment. Purchased $6,000 of merchandise inventory (20 bikes) on account. There were no credit terms for prompt payment. Ms. Scout received and paid the $940 charge from her lawyer. Evy's Electric Bike Shop, Inc. is now open for business. Sold merchandise for $11,200 cash. The sales tax for $924 was not included in the sale amount. The cost of the 26" bikes is $4,000; the cost of the 20" bikes is $1,600. This sale has to be delivered to the customer. The merchandise will be shipped FOB destination. Paid $250 to ship the merchandise in transaction #15. Purchased additional 26" bikes on account for $5,000. Credit terms were 2/15, n/30 Recorded cash sales that totaled $11,600. Sales tax of $957 was not included in the sale amount. The cost of merchandise sold was $5,800 (26" bikes were $5,000; 20 bikes were $800). Ms. Scout joined the El Paso Chamber of Commerce. She paid the registration fee of $200. Deposit #3 Ck #1008 16. 1/16/2022 17. 1/16/2022 18. 1/20/2022 Deposit #4 19. 1/22/2022 Ck #1009 20. 1/23/2022 21. 1/23/2022 22. 1/26/2022 Ck #1010 23. 1/26/2022 Ck #1011 24. 1/27/2022 Deposit #5 Ms. Scout participated in a biking exhibition held at the convention center. She felt this was a good way to publicize her new business. Convention Center charged Ms. Scout $800. She will pay the bill later. She considers this an advertising and promotion expense. Ms. Scout paid the Convention Center rental. Paid for the bikes purchased on 1/09/2022. Ms. Scout recorded cash sales totaling $7,600. Sales tax of $627 was not included in the sale amount. The cost of the merchandise sold was $3,800 (26" bike $1,000; 20" bike $2,800). Paid the balance due for the 26" bikes. There are two invoices. Received but did not pay the utility bill for the month, $445. Ck #1012 25. 1/27/2022 26. 1/30/2022 27. 1/30/2022 Ck #1013 28.1/30/2022 Paid the first monthly installment on the computer equipment. The payment amount is $910. Of this amount, $43.33 is for interest and $866.67 is for principal. Purchased fifteen 26" bikes for $7,500 and purchased ten 20" bikes for $4,000 on account. Recorded sales made for the last week of the month. Total sales were $16,000 cash. Sales tax of $1,320 was not included in the sale. The cost of the merchandise sold was $8,000 (26" bikes $6,000; 20" bikes $2000). Declared and paid a cash dividend of $650 to Ms. Scout. Paid the Sales Tax to the Comptroller. 29. 1/30/2022 Deposit #G 30. 1/30/2022 31. 1/31/2022 Ck #1014 Ck #1015 Evy's Electric Bike Shop Adjusted Trial Balance 1/31/2022 Account Names Debit Credit 0 1 12 13 14 wN Evy's Electric Bike Shop Income Statement For the Period Ended 1/31/2022 List all Revenue accounts Sales COGS Gross Profit Expenses Net Income/Net Loss List all expenses not included in Cost of Goods Sold Determine if there is net income or net loss Follow the proper format for the Income Statement Evy's Electric Bike Shop Statement of Stockholders' Equity For the Period Ended 1/31/2022 Follow the proper format for a Statement of Stockholders' Equity Common Stock Retained Earnings Evy's Electric Bike Shop Balance Sheet 1/31/2022 a Follow the proper format for a Balance Sheet using report or account form Assets Liabilities Stockholders' Equity H F G Account Dollar Amount 1 2 5 AIR 39003 $ 10000 $ 10000 $ 27050 $ 27000 $ 10000 $ 10000 $ 10000 $ 10000 $ 20000 $ 20000 $ 10000 $ 70,000.00 9,000.00 4,000.00 5,200.00 10,000.00 1,100.00 14,000.00 750.00 450.00 8,000.00 6,000.00 940.00 $S&889SXNXXS = 3 20 21 22 23 24 25 26 27 28 29 30 A B Transad Di 1 2 D. 3 DI 4 D 5 Dr BDI 7 Dr SID: 9 DI 10 DI 110 12 Dr 13 Dr 14 DI 15 Dr Dr DI D 16 Dr 17 Dr 18 DE Dr Dr Dr 19 DI 20 DE 21 Dr 22 D 23 D. 24 Dr DE Dr DI 25 Dr 26 Dr 27 DI Dr 28 D DI 29 Dr Dr Dr Dr 30 DI 31 Dr 1 C D E Account Dollar Amount C NO JE 10000 $ 70,000.00 CI 14000 $ 9,000.00 CI 14050 $ 4,000.00 CI 15100 $ 5,200.00 CI 10000 $ 10,000.00 C 13050 $ 1,100.00 CI 15000 $ 14,000.00 C 15100 $ 750.00 C 13000 $ 450,00 C 12000 $ 8,000.00 C 12050 $ 6,000.00 Cr 60800 $ 940,00 C NO JE LICE 10000 $ 12.124.00 CI C 50000 $ 5,600.00 C Or 60500 $ 250.00 C 12000 $ 4,900.00 C 10000 $ 12,557.00 CE Cr 50000 $ 5,800.00 C CI 60400 $ 200.00 C NO JE Cr 601001 $ 800.000 20000 $ 800.00 C 20000 $ 6,000.00 C 10000 $8,22700C 50000 $ 3,800.00 C ILLICI 20000 $ 12.900.00 C 61400$ 445.00 CE 27050 $ 866.67 Cr 60700 $ 43.33C 12000 $ 7,500.00 CI 12050 $ 4,000.00 C 10000 $ 17.320.00 C Cr 50000 8,000.00 CE Cr 39007| $ 650.00 Cr 23300 $ 3,828.00 CI 23300 $ 40000 $ 12000 $ 12050 $ 10000 $ 20000 $ 23300 $ 40000 $ 12000 $ 12050 $ 10000 $ 924.00 11,200.00 4,000.00 1,600.00 250.00 4,900.00 957.00 11,600.00 5,000.00 800.00 200.00 32 33 20000 $ 10000 $ 10000 $ 233001 $ 40000 $ 12000$ 12050 $ 10000 $ 23400 $ 10000 $ 800.00 800.00 6.000.00 627.00 7,600.00 1,000.00 2.800.00 12,900.00 445.00 910.00 35 36 37 38 20000 $ 11,500.00 41 42 43 44 45 46 47 23300$ 40000 $ 12000 12050 $ 100000 $ 10000 $ 1.320.00 16 000.00 00.00 2.000.00 650.00 3,828.00 Transaction # a. b. c. d. Transaction: Dr 1 Dr 2 Dr 3 Dr 4 Dr 5 Dr 6 Dr 7 Dr 8 Dr Account Dollar Account Dollar Number Amount Cr Number Amount 60900 $ 380.00 Cr 13000 $ 380.00 61000 $ 900.00 Cr 13050 $ 900.00 61300 $ 1,300.00 Cr 23200 $ 1,300.00 61100 $ 92.50 Cr 17100 $ 92.50 61100 $ 143.75 Cr 17000 $ 143.75 60600 $ 333.33 Cr 14050 $ 333.33 61200 $ 1,500.00 Cr 14000 $ 1,500.00 60700 $ 100.00 Cr 23250 $ 100.00 e. f. g h. H L 11000 Accounts Receivable Debit Credit $ M N 13000 Office Supplies Debit Credit 450.00 $ 380.00 70.00 12000 Inventory 26 Bikes Debit Credit $ 8,000.00 $4,000.00 S 4,900.00 $ 5.000.00 $ 7,500.00 $ 1.000.00 $ 6,000.00 $ 4,400.00 $ $ K 12050 Inventory 20" Bikes Debit Credit 6,000.00 $ 1,600.00 4,000.00 $ 800.00 $ 2,800.00 $ 2.000.00 2,800.00 10000 Cash Debit Credit $ 70,000.00 $ 9,000.00 $ 10,000.00 $ 4,000.00 $ 12,124.00 $ 1,100.00 $ 12.557.00 $ 14,000.00 $ 3.227.00 S 730.00 $ 17,320.00 $ 450.00 3 $ 940.00 $ 250.00 s 200.00 $ 800.00 $ 6,000.00 $ 12,500.00 + s 910.00 $ 650.00 $ $ $ 14000 Prepaid Rent Debit Credit $ 9,000.00 $ 1.500.00 $ 7,500.00 13050 Shipping Supplies Debit Credit 1,100.00 $ 900.00 200.00 $ $ 14050 Prepaid Insurance Debit Credit 4,000.00 $ 333.33 3,666.67 15000 Bike Racks 14,000.00 $ $ $ 3,828.00 $ 14,000.00 $ 74,450.00 15100 Computer Equipment Debit Credit $ 5,200.00 $ 750.00 $ 5,950.00 20000 Accounts Payable 23200 Wages Payable 17000 Accumulated Depr.- Debit Credit 143.75 12100 Accumulated Depr. Debit Credit Debit Credit 1,300 1.300.00 9250 S Debit Credit $ 300.00 $ 8,000.00 $ 6,000.00 $ 5,000.00 $ 12,900.00 $ 4,500.00 $ 800.00 $ 11,500.00 $ 11,500.00 $ 92.50 $ 141.75 23400 Utility Payable Debit Credit $ 445.00 $ 415.00 23250 Interest Payable Debit Credit $ 100.00 $ 100.00 23300 Sales Tax Payable Debut Gredit $ 3.378.00 $ 924.00 S 957.00 $ 627.00 27000 Note Payable Debit Credit $10,000.00 27050 Note Payable Debit Credit 566,675 5.200.00 4,333.33 39003 Common Stock Debit Credit $ 20,000.00 s 39005 Retained Earnings Debit Credit ch S $ 100.00 100.00 27000 Note Payable Debit Credit $10,000.00 27700 Sales Tax Payable Debit Credit $ 3,828.00 $ 924.00 5 957.00 S 622.00 $ 1.320.00 $ 27050 Note Payable Debit Credit 866.67$ 5,200.00 43333 39003 Common Stock Debit Credit $ 20,000.00 $ 39005 Retained Earnings Debit Credit $ 10.000.00 40000 Sales 50000 COGS 60100 Adv. & Promo Exp 60200 Tank Service Fee Debit Credit Credit Debit Debut 800.00 Credit + $ Credit $ 11,200.00 $11.600.00 $ 7.600.00 $16.000.00 5.46.400.00 Debit $5.500.00 $ 5.000.00 $ 1.500.00 $ 2.000.00 $ 21,200.00 3 39007 Dividends 5 Debit Credit 65 690.00 17 36 19 50 60300 51 Credit Card Expense 52 Debit 53 60600 60700 Credit 60000 Dues & Heation Debit Credit 5 200.00 COSO Delivery Expense 250.00 5 Insurance Expense 333.33 Interest Expense 43.33 100.00 $ $ $ 54 55 56 5 143.33 000 Legal Expense 0.00 5 595 60 61 62 Es gigas 607300 Office Supplies Esp Debit Credit 180.00 61000 Shipping Supplies Exp Debit Credit 900.00 61100 Depreciation Expense Debat Credit 5 $ $ $ 925 61200 Hent Expense Debut Credit 1.500.00 $ 900.00 143.75 23625 S D F H B $ $ 800.00 39007 Dividends Debat SS 650.00 E $ 11,200.00 $ 11,600.00 $7,600.00 $ 15,000.00 $ 46,400.00 G $ 5,600.00 $ 5,800.00 $ 3,800.00 $ 8,000.00 $ 23,200.00 Credit 60600 60700 9 0 60300 Credit Card Expense Debit Credit 60400 Dues & Registration Debit Credit 200.00 51 52 53 Insurance Expense 333.33 60500 Delivery Expense 250.00 $ Interest Expense 43.33 100.00 $ $ $ $ + S 143.33 GORO Legal Expense 540.00 54 55 56 57 58 59 s 60 61 62 63 64 65 50900 Office Supplies Exp. Debit Credit 330.00 61000 Shipping Supplies Exp. Debit Credit 900.00 61100 Depreciation Expense Debit Credit 92.50 14.73 236.25 61200 Rent Expense Debit Credit 1,500.00 $ $ $ $ $ $ 900.00 61400 Utility Expense 445.00 61500 Gasoline Expense $ 66 61300 67 Wage Expense 68 Debit Credit 695 1,100.00 70 71 72 "Evy's Electric Bike Shop Ending Cash Balance in Account Adjustments or errors / Reconciled Balance Balance $74,450.00 $ (305.00) $74.145.00 + Book Issues Check printing fee American Express for Gas $ 170.00) $ 235.00 Wells Fargo Bank Balance Ending Cash Balance on Bank Statement $ 76,363.00 Deposits in Transit $17,320.00 Outstanding Checks S (19,088.00) Adjustments or errors +/- $ 1450.00) 5 Reconciled Balance $ 74,145.00 7 If any journal entries need to be written add them here. 9 Bank Issues 10 Deposits 1-5 are correct 11 Deposit 6 not recorded $ 17,320.00 12 Check 1001 - 1006 are correct 11 Check 1007 error $ (450,00) 14 Check 1010 outstanding S (800.00 15 Check 1012 outstanding $ 112,900.00 16 Check 1013 outstanding 5 1910.001 17. Check 1014 outstanding $ (650.00) 16 Check 1015 outstanding $ (3,828.00) 19 Add or subtract rows as needed 20 21 22 21 MY NOTES Recorded at Bank took out Bank needs addition 940 490 450 out Journal Entries OV 602005 61500 70.00 C 235.00 100005 10000 70.00 235.00