Chloe's Cleaning Services Chloe Sanderson, a friend of yours from business school, decided to be her own boss and start a business cleaning homes and offices after graduation. Although she was a general business major in college, she always enjoyed accounting; but she's a lito uncertain about what type of accounting system might be best for her fledging business. She has already hired two employees to work for her, so she would like your help as soon as possible to set things up correctly Chloe already has three clients and two vendors, so she'd like to use two subsidiary ledors: one for accounts receivable and one for accounts payable. In addition, since would like to streamline her accounting by using four specialioumals she recalls from business schools a revenue journal.cash receipts. Journal Durchases journal and cash payments joumal Chie Chart of Accounts Chld ASSETS REVENUE was 11 Cash 41 Feos Eamed bus Chid EXPENSES 12 Accounts Receivable 14 Supplies 18 Equipment 19 Accumulated Depreciation Equipment In al purd LIABILITIES 21 Accounts Payable 22 Wages Payable 51 Wages Expense 52 Repairs Expense 53 Supplies Expenso 54 Depreciation Expense-Equipment 55 Insurance Expense 56 Utilities Expense 57 Advertising Expense 59 Miscellaneous Expense EQUITY 31 Chloe Sanderson, Capital 32 Chloe Sanderson, Drawing August 16, 2019 DEBIT CREDIT ACCOUNT TITLE 1 Cash 7,700.00 2 Accounts Receivable 4,675.00 5 Supplies 3,200.00 7,500.00 3,450.00 * Equipment 5 Accounts Payable 6 Wages Payable 7 Chloe Sanderson, Capital 350.00 20,000.00 & Fees Earned 5,500.00 3,600.00 100.00 19 Wages Expense 10 Insurance Expense 11 Supplies Expense 12 Repairs Expense 1,300.00 250.00 Check My Work $ Accounts Payable 3,450.00 6 Wages Payable 350.00 7 Chloe Sanderson, Capital 20,000.00 8 Fees Earned 5,500.00 9 Wages Expense 3,600.00 10 Insurance Expense 100.00 11. Supplies Expense 1,300.00 250.00 12 Repairs Expense 13 Advertising Expense 550.00 14 Utilities Expense 350.00 15 Miscellaneous Expense 75.00 16 Totals 29,300.00 29,300.00 Account Balance as of August 31, 2019 10 Cash $ 11 12 14 Accounts Receivable Accounts Payable Accounts Receivable Subsidiary Ledger for Central Medical Offices, Inc. Accounts Recevable Subsidiary Ledger for Functional Fitness Company Accounts Receivable Subsidiary Ledger for Omega Multiplex Theater Accounts Payable Subsidiary Ledger for Cleaning Supplies Warehouse Accounts Payable Subsidiary Ledger for Sudsy's Laundry Wages Expense Subsidiary Ledger Balances Chloe has prepared the following table, showing the balances as of August 16 tot het Accounts Receivable Subsidiary Lodger and Accounts Payable subsidiary Lodge Accounts Receivable Subsidiary Ledger Balances Customer Name Balance as of August 16 Central Medical Offices, Inc Functional Fitness Company Omega Multiplex Theater 1.275 $2,500 900 Accounts Payable Subsidiary Ledger Balances Vendor Name Balance as of August 16 Cleaning Supplies Warehouse 2.850 Sudsy's Laundry 800 Wildll Ul ACCOUNTS CH CHART OF ACCOUNTS Chloe's Cleaning Services General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable EXPENSES 14 Supplies 18 Equipment 19 Accumulated Depreciation Equipment 51 Wages Expense LIABILITIES 52 Repairs Expense 53 Supplies Expense 54 Depreciation Expense-Equipment 55 Insurance Expense 56 Utilities Expense 21 Accounts Payable 22 Wages Payable Trial Balance Chloe's Cleaning Services UNADJUSTED TRIAL BALANCE August 16, 2019 ACCOUNT TITLE DEBIT CREDIT 1 Cash 7,700.00 ? Accounts Receivable 4,675.00 3,200.00 7,500.00 3,450.00 3 Supplies Equipment 5 Accounts Payable 6 Wages Payable 7 Chloe Sanderson, Capital 8 Fees Earned 350.00 20,000.00 5,500.00 3,600.00 9 Wages Expense 10 Insurance Expense 100.00 26,842 NOV Trial Balance 5 Accounts Payable 3,450.00 350.00 20,000.00 5,500.00 3,600.00 100.00 6 Wages Payable 7 Chloe Sanderson, Capital & Fees Earned Wages Expense 10 Insurance Expense 11 Supplies Expense 12 Repairs Expense 13 Advertising Expense 14 Utilities Expense 15 Miscellaneous Expense 1,300.00 250.00 550.00 350.00 75.00 29,300.00 29,300.00 16 Totals ial Balance Final Questions Now that the remaining August transactions have been entered, Chloe feels confident enough to complete the end-of-month totals and posting Help Chloe finish her accounting for the month by computing the following amounts. Account Balance as of August 31, 2019 $ Cash Accounts Receivable Accounts Payable Accounts Receivable Subsidiary Ledger for Central Medical Offices, Inc. Accounts Receivable Subsidiary Lodger for Functional Fitness Company Accounts Receivable Subsidiary Ledger for Omega Multiplex Theater Accounts Payable Subsidiary Ledger for Cleaning Supplies Warehouse Accounts Payable Subsidiary Ledger for Sudsy's Laundry Wages Expense Chloe's Cleaning Services Chloe Sanderson, a friend of yours from business school, decided to be her own boss and start a business cleaning homes and offices after graduation. Although she was a general business major in college, she always enjoyed accounting; but she's a lito uncertain about what type of accounting system might be best for her fledging business. She has already hired two employees to work for her, so she would like your help as soon as possible to set things up correctly Chloe already has three clients and two vendors, so she'd like to use two subsidiary ledors: one for accounts receivable and one for accounts payable. In addition, since would like to streamline her accounting by using four specialioumals she recalls from business schools a revenue journal.cash receipts. Journal Durchases journal and cash payments joumal Chie Chart of Accounts Chld ASSETS REVENUE was 11 Cash 41 Feos Eamed bus Chid EXPENSES 12 Accounts Receivable 14 Supplies 18 Equipment 19 Accumulated Depreciation Equipment In al purd LIABILITIES 21 Accounts Payable 22 Wages Payable 51 Wages Expense 52 Repairs Expense 53 Supplies Expenso 54 Depreciation Expense-Equipment 55 Insurance Expense 56 Utilities Expense 57 Advertising Expense 59 Miscellaneous Expense EQUITY 31 Chloe Sanderson, Capital 32 Chloe Sanderson, Drawing August 16, 2019 DEBIT CREDIT ACCOUNT TITLE 1 Cash 7,700.00 2 Accounts Receivable 4,675.00 5 Supplies 3,200.00 7,500.00 3,450.00 * Equipment 5 Accounts Payable 6 Wages Payable 7 Chloe Sanderson, Capital 350.00 20,000.00 & Fees Earned 5,500.00 3,600.00 100.00 19 Wages Expense 10 Insurance Expense 11 Supplies Expense 12 Repairs Expense 1,300.00 250.00 Check My Work $ Accounts Payable 3,450.00 6 Wages Payable 350.00 7 Chloe Sanderson, Capital 20,000.00 8 Fees Earned 5,500.00 9 Wages Expense 3,600.00 10 Insurance Expense 100.00 11. Supplies Expense 1,300.00 250.00 12 Repairs Expense 13 Advertising Expense 550.00 14 Utilities Expense 350.00 15 Miscellaneous Expense 75.00 16 Totals 29,300.00 29,300.00 Account Balance as of August 31, 2019 10 Cash $ 11 12 14 Accounts Receivable Accounts Payable Accounts Receivable Subsidiary Ledger for Central Medical Offices, Inc. Accounts Recevable Subsidiary Ledger for Functional Fitness Company Accounts Receivable Subsidiary Ledger for Omega Multiplex Theater Accounts Payable Subsidiary Ledger for Cleaning Supplies Warehouse Accounts Payable Subsidiary Ledger for Sudsy's Laundry Wages Expense Subsidiary Ledger Balances Chloe has prepared the following table, showing the balances as of August 16 tot het Accounts Receivable Subsidiary Lodger and Accounts Payable subsidiary Lodge Accounts Receivable Subsidiary Ledger Balances Customer Name Balance as of August 16 Central Medical Offices, Inc Functional Fitness Company Omega Multiplex Theater 1.275 $2,500 900 Accounts Payable Subsidiary Ledger Balances Vendor Name Balance as of August 16 Cleaning Supplies Warehouse 2.850 Sudsy's Laundry 800 Wildll Ul ACCOUNTS CH CHART OF ACCOUNTS Chloe's Cleaning Services General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable EXPENSES 14 Supplies 18 Equipment 19 Accumulated Depreciation Equipment 51 Wages Expense LIABILITIES 52 Repairs Expense 53 Supplies Expense 54 Depreciation Expense-Equipment 55 Insurance Expense 56 Utilities Expense 21 Accounts Payable 22 Wages Payable Trial Balance Chloe's Cleaning Services UNADJUSTED TRIAL BALANCE August 16, 2019 ACCOUNT TITLE DEBIT CREDIT 1 Cash 7,700.00 ? Accounts Receivable 4,675.00 3,200.00 7,500.00 3,450.00 3 Supplies Equipment 5 Accounts Payable 6 Wages Payable 7 Chloe Sanderson, Capital 8 Fees Earned 350.00 20,000.00 5,500.00 3,600.00 9 Wages Expense 10 Insurance Expense 100.00 26,842 NOV Trial Balance 5 Accounts Payable 3,450.00 350.00 20,000.00 5,500.00 3,600.00 100.00 6 Wages Payable 7 Chloe Sanderson, Capital & Fees Earned Wages Expense 10 Insurance Expense 11 Supplies Expense 12 Repairs Expense 13 Advertising Expense 14 Utilities Expense 15 Miscellaneous Expense 1,300.00 250.00 550.00 350.00 75.00 29,300.00 29,300.00 16 Totals ial Balance Final Questions Now that the remaining August transactions have been entered, Chloe feels confident enough to complete the end-of-month totals and posting Help Chloe finish her accounting for the month by computing the following amounts. Account Balance as of August 31, 2019 $ Cash Accounts Receivable Accounts Payable Accounts Receivable Subsidiary Ledger for Central Medical Offices, Inc. Accounts Receivable Subsidiary Lodger for Functional Fitness Company Accounts Receivable Subsidiary Ledger for Omega Multiplex Theater Accounts Payable Subsidiary Ledger for Cleaning Supplies Warehouse Accounts Payable Subsidiary Ledger for Sudsy's Laundry Wages Expense