EXHIBIT #1 --ROUTINE ENTRIES JOURNAL ENTRIES TRANSACTION WORKSHEET ASSETS LIABILITIES + STOCKHOLDERS' EQUITY Cont Capital Retained Earnings Ret Earnings Revenue Expense Acets Red Land Podins Supplies Acts Pay tal Common Stock Account Accounts Accounts 38.000 1.0 50 so 500 000 Total Asset - 5103.000 Totat Llabilities and Stockhole Couity 5103.000 Debit Creda Cash 500.000 1) Issued shares of stock for $40,000 2.) Purchased land for $10,000 3.) Paid next four months insurance premium of $2,400 on January 1st. 4.) Services performed on account! for customers in January of $12,000 5.) Paid salaries for wages earned by employees during first 3 weeks of January of $6,000 6.) Purchased 5900 supplies 'on account 7.) Collected $10,000 of accounts receivable 8.) Paid vendor for 1/2 of accounts accounts payable (see # 6 above) Total Assets Total Liabilities and Stockholders' Equity "S show net amount beca TEOSE create the ming C ! Stocar so JOURNAL ENTRIES EXHIBIT #2--ADJUSTING ENTRIES TRANSACTION WORKSHEET ASSETS LIABILITIES STOCKHOLDERS' EQUITY Con Capital Retained Earnings Rolange Revenue Liyan Acte Land Ppd info Acts Pay Sal Pay Como Stock A Accounts Allen 5. 1100C $130 000 I. . Dobit Cr UNADJUSTED TRIAL BALANCE Cash BILO a.) One-fourth of prepaid insurance see #3 above) used up during January: Insurance Expense Prepaid Insurance b) Salaries earned last week of Jan. of $2.000--unpaid a: January Bist: Salaries Expense Salaries Payable c. One-third of supplies see =5 above used overruary Supple: Expense Total Assets Total Liabilities and Stockholders' Equity toda JOURNAL ENTRIES EXHIBIT #3-CLOSING ENTRIES TRANSACTION WORKSHEET ASSETS LIABILITIES STOCKHOLDERS' EQUITY Cont Capital Reaning Helm AR P Atas tal Contok Account A Act 110.000 100 12.000 0.00 De Cat Cash MUISTED TRIAL BALANCE BN ACCOUNTING EQUATION NBAUENCE DE YACTOATE CLOSINSTALLALANCE Tas Town Sheet 4: Financial Statements EXHIBIT #4--FINANCIAL STATEMENTS Marshall Company Income Statement For the Month Ended January 31, 20X2 Service Revenue Expenses Salaries Expense Insurance Expense Supplies Expense Net Income S- Marshall Company Retained Earnings Statement For the Month Ended.anuary 31, 20X2 Retained Earnings January 1, 20X2 Plus Net income for January 20X2 Retained January 31 20x3 Marshall Company Balance Sheet January 31, 20X2 ASSETS LIABILITIES & STOCKHOLDERS' EQUITY Labilities: Accounts Payable Salaries Payable Total Liabiles Stockholders' souty Capital Stock Retained Earning: Total Asset Total abilities & Stockholders Equity EXHIBIT #1 --ROUTINE ENTRIES JOURNAL ENTRIES TRANSACTION WORKSHEET ASSETS LIABILITIES + STOCKHOLDERS' EQUITY Cont Capital Retained Earnings Ret Earnings Revenue Expense Acets Red Land Podins Supplies Acts Pay tal Common Stock Account Accounts Accounts 38.000 1.0 50 so 500 000 Total Asset - 5103.000 Totat Llabilities and Stockhole Couity 5103.000 Debit Creda Cash 500.000 1) Issued shares of stock for $40,000 2.) Purchased land for $10,000 3.) Paid next four months insurance premium of $2,400 on January 1st. 4.) Services performed on account! for customers in January of $12,000 5.) Paid salaries for wages earned by employees during first 3 weeks of January of $6,000 6.) Purchased 5900 supplies 'on account 7.) Collected $10,000 of accounts receivable 8.) Paid vendor for 1/2 of accounts accounts payable (see # 6 above) Total Assets Total Liabilities and Stockholders' Equity "S show net amount beca TEOSE create the ming C ! Stocar so JOURNAL ENTRIES EXHIBIT #2--ADJUSTING ENTRIES TRANSACTION WORKSHEET ASSETS LIABILITIES STOCKHOLDERS' EQUITY Con Capital Retained Earnings Rolange Revenue Liyan Acte Land Ppd info Acts Pay Sal Pay Como Stock A Accounts Allen 5. 1100C $130 000 I. . Dobit Cr UNADJUSTED TRIAL BALANCE Cash BILO a.) One-fourth of prepaid insurance see #3 above) used up during January: Insurance Expense Prepaid Insurance b) Salaries earned last week of Jan. of $2.000--unpaid a: January Bist: Salaries Expense Salaries Payable c. One-third of supplies see =5 above used overruary Supple: Expense Total Assets Total Liabilities and Stockholders' Equity toda JOURNAL ENTRIES EXHIBIT #3-CLOSING ENTRIES TRANSACTION WORKSHEET ASSETS LIABILITIES STOCKHOLDERS' EQUITY Cont Capital Reaning Helm AR P Atas tal Contok Account A Act 110.000 100 12.000 0.00 De Cat Cash MUISTED TRIAL BALANCE BN ACCOUNTING EQUATION NBAUENCE DE YACTOATE CLOSINSTALLALANCE Tas Town Sheet 4: Financial Statements EXHIBIT #4--FINANCIAL STATEMENTS Marshall Company Income Statement For the Month Ended January 31, 20X2 Service Revenue Expenses Salaries Expense Insurance Expense Supplies Expense Net Income S- Marshall Company Retained Earnings Statement For the Month Ended.anuary 31, 20X2 Retained Earnings January 1, 20X2 Plus Net income for January 20X2 Retained January 31 20x3 Marshall Company Balance Sheet January 31, 20X2 ASSETS LIABILITIES & STOCKHOLDERS' EQUITY Labilities: Accounts Payable Salaries Payable Total Liabiles Stockholders' souty Capital Stock Retained Earning: Total Asset Total abilities & Stockholders Equity