File Home Insert Page Layout Formulas Data Review View Help Tel . Arial 12 - A A X Cut La Copy Format Painter ab Wrap Text Merge & Center Paste BIU- A. Clipboard Font Alignment E6 X Lenny's July 31, 2021 Ene -Closing Trial Balance Debit Credit CAUTION Ender amounts into the Pre-Closing Trial Balance by typing in the amounts Do NOT copy cells from the General Ledger Account Account Name 300 Cash 105 Accounts Receivable 110 Supplies 150 Equipment 155 Accumulated Deprecision 200 Accounts Payable 2015 Vages Payable 210 interest Payable 295 Uneaed Revo 220 Dividends Pule 250 Note Posable 300 Common Stock 305 Feed Earnings 400 Service Fevenue 500 supplies Empre 505 Mower Repair Expense 510 Espas Truck Rense Depresion Experte 550 Interest Expense Totals + 0.00 0.00 Directions Chart Act Journal GL Assets GL Lab Equity Red Type here to search Paste cu Wrap Text BIU. Format Painter Clipboard $A== PS Merge & Center Font 15 Conditione Formatting Alignment 06 X Number Lenny's Lawn Service, Inc. Income Statement for the Month Ended July 31, 2021 CAUTION Enter amounts into the Financial Statements by typing in the amounts Do NOT copy cells from the General Ledger of Pre Cloning Tid Balance Service Revenue Operating Expenses Supplies Mower Repair Wages Truck Rental Depreciation Total Operating Expenses Income from Operations Interest Expense Net Income Note the new line temon Lenny's income Statement Income from Operations This is Lenny's income from the normal operations of the lawn mowing business Interest Expense, which is not a cost of operating the business but rather a cost of financing the business, is shown below income from Operations interest Expense is subtracted from income from Operations to arrive at Net income 0.00 0.00 50.00 Lenny's Lawn Service, Inc. Statement of Stockholders' Equity for the Month Ended July 31, 2021 This is the first time you have prepared a format Statement of Stockholders' Equity for Lenny's. This statement shows what caused the change in Common Stock and in Retained Earnings from July 1, 2021 to July 31, 2021 Note that the Retained Earnings column on the statement lors different than the calculation you have been doing each month to determine the Retained Earrings amount needed for the Balance Sheet Beginning Balance is the starting amount in previous Retained Earnings calculations, you used Current Balance as the starting amount Beginning Balance the starting point for this calculation because Dividends is shown as a line item (a deduction in the Retained Earnings column. Common Stock Retained Fami Beginning Balance July 1, 2021 issue Common Stock Net Income Dividends Ending Balance July 31, 2021 Directions Total 50 OD 0.00 0.00 0.00 50.00 Journal $0.00 $0.00 Chart Accts The Ending Balance in the Retained Earnings column is the balance needed for the Balance Sheet GL Assets Gl Liab-Equity GL Rev Exp Trial Bal IS & SEqui Ready Type here to search O me who canete de Arial - 110 Paste out Copy Format Painter Clipboard 1 Wrap Test BIU- - A %. Font Merge & Center Alignment D9 Number 1 Assets Current Assets Cash Accounts Receivable Supplies Total Current Assets Property & Equment Equipment Accumulated Depreciation Property & Equipment, et Total Assets 0.00 0.00 50.00 Note the following three new subotals appearing on Lenny's Balance Sheet Total Current Assets is a total of those assets, which will turn into cash during the next 12 months be consumed during the next 12 months. The companion of Total Current Assets to Total Current Liabilities gives some indication of Lanty's quidity - that is, its awy to pay it bis in the short-term Property & Equipment, net is the amount of Fixed Asset cost, which remains to be deprecated in future accounting periods Total Current Liabilities is a total of those liabilities that will require payment in the next 12 months in the case of Uncanned Revenge this current ability will be paid off by Lenny's delivering moving services to the university Liabitin Stockholders Equity Current Lib. Accounts Payable Wages Payable interest Payable Uneamed Revenue Total Current Labios Long Term Labs Note Payable Total Liabilities 0.00 0.00 Stockholders gut Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity 0.00 50.00 Directions Journal Chart Acets Trans GL Assets GL Liab-Equity GL Rev Exp Trial Bar Ready Type here to search Formulas Data Review View File Home Insert Page Layout MIL 12 X Cut A A Arial En Copy ==== Paste BIU-16.15. A. Format Painter Aligne Font Clipboard fo E6 Midy.cat Lenny's - July 31, 2021 Post-Closing Trial Balance Debit Credit CAUT Enter amounts into the PL Balance by typing in the Do NOT copy cells from + Account Account Name 100 Cash 105 Accounts Receivable T10 Supplies 150 Equipment 155 Accumulated Depreciation 200 Accounts Payable 205 Wages Payable 210 Interest Payable 215 Unearned Revenue 220 Bividends Payable 250 Note Payable 300 Common Stock Retained Earnings 400 Service Revenue 500 Supplies Expense 505 Mower Repair Expense Wages Expense 515 Truck Rental Expense 520 Depreciation Expense 550 Inetest Expense Totals 305 510 0.00 0.00 Directions Chart Act Journal GLAssels G Ready Type here to search File Home Insert Page Layout Formulas Data Review View Help Tel . Arial 12 - A A X Cut La Copy Format Painter ab Wrap Text Merge & Center Paste BIU- A. Clipboard Font Alignment E6 X Lenny's July 31, 2021 Ene -Closing Trial Balance Debit Credit CAUTION Ender amounts into the Pre-Closing Trial Balance by typing in the amounts Do NOT copy cells from the General Ledger Account Account Name 300 Cash 105 Accounts Receivable 110 Supplies 150 Equipment 155 Accumulated Deprecision 200 Accounts Payable 2015 Vages Payable 210 interest Payable 295 Uneaed Revo 220 Dividends Pule 250 Note Posable 300 Common Stock 305 Feed Earnings 400 Service Fevenue 500 supplies Empre 505 Mower Repair Expense 510 Espas Truck Rense Depresion Experte 550 Interest Expense Totals + 0.00 0.00 Directions Chart Act Journal GL Assets GL Lab Equity Red Type here to search Paste cu Wrap Text BIU. Format Painter Clipboard $A== PS Merge & Center Font 15 Conditione Formatting Alignment 06 X Number Lenny's Lawn Service, Inc. Income Statement for the Month Ended July 31, 2021 CAUTION Enter amounts into the Financial Statements by typing in the amounts Do NOT copy cells from the General Ledger of Pre Cloning Tid Balance Service Revenue Operating Expenses Supplies Mower Repair Wages Truck Rental Depreciation Total Operating Expenses Income from Operations Interest Expense Net Income Note the new line temon Lenny's income Statement Income from Operations This is Lenny's income from the normal operations of the lawn mowing business Interest Expense, which is not a cost of operating the business but rather a cost of financing the business, is shown below income from Operations interest Expense is subtracted from income from Operations to arrive at Net income 0.00 0.00 50.00 Lenny's Lawn Service, Inc. Statement of Stockholders' Equity for the Month Ended July 31, 2021 This is the first time you have prepared a format Statement of Stockholders' Equity for Lenny's. This statement shows what caused the change in Common Stock and in Retained Earnings from July 1, 2021 to July 31, 2021 Note that the Retained Earnings column on the statement lors different than the calculation you have been doing each month to determine the Retained Earrings amount needed for the Balance Sheet Beginning Balance is the starting amount in previous Retained Earnings calculations, you used Current Balance as the starting amount Beginning Balance the starting point for this calculation because Dividends is shown as a line item (a deduction in the Retained Earnings column. Common Stock Retained Fami Beginning Balance July 1, 2021 issue Common Stock Net Income Dividends Ending Balance July 31, 2021 Directions Total 50 OD 0.00 0.00 0.00 50.00 Journal $0.00 $0.00 Chart Accts The Ending Balance in the Retained Earnings column is the balance needed for the Balance Sheet GL Assets Gl Liab-Equity GL Rev Exp Trial Bal IS & SEqui Ready Type here to search O me who canete de Arial - 110 Paste out Copy Format Painter Clipboard 1 Wrap Test BIU- - A %. Font Merge & Center Alignment D9 Number 1 Assets Current Assets Cash Accounts Receivable Supplies Total Current Assets Property & Equment Equipment Accumulated Depreciation Property & Equipment, et Total Assets 0.00 0.00 50.00 Note the following three new subotals appearing on Lenny's Balance Sheet Total Current Assets is a total of those assets, which will turn into cash during the next 12 months be consumed during the next 12 months. The companion of Total Current Assets to Total Current Liabilities gives some indication of Lanty's quidity - that is, its awy to pay it bis in the short-term Property & Equipment, net is the amount of Fixed Asset cost, which remains to be deprecated in future accounting periods Total Current Liabilities is a total of those liabilities that will require payment in the next 12 months in the case of Uncanned Revenge this current ability will be paid off by Lenny's delivering moving services to the university Liabitin Stockholders Equity Current Lib. Accounts Payable Wages Payable interest Payable Uneamed Revenue Total Current Labios Long Term Labs Note Payable Total Liabilities 0.00 0.00 Stockholders gut Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity 0.00 50.00 Directions Journal Chart Acets Trans GL Assets GL Liab-Equity GL Rev Exp Trial Bar Ready Type here to search Formulas Data Review View File Home Insert Page Layout MIL 12 X Cut A A Arial En Copy ==== Paste BIU-16.15. A. Format Painter Aligne Font Clipboard fo E6 Midy.cat Lenny's - July 31, 2021 Post-Closing Trial Balance Debit Credit CAUT Enter amounts into the PL Balance by typing in the Do NOT copy cells from + Account Account Name 100 Cash 105 Accounts Receivable T10 Supplies 150 Equipment 155 Accumulated Depreciation 200 Accounts Payable 205 Wages Payable 210 Interest Payable 215 Unearned Revenue 220 Bividends Payable 250 Note Payable 300 Common Stock Retained Earnings 400 Service Revenue 500 Supplies Expense 505 Mower Repair Expense Wages Expense 515 Truck Rental Expense 520 Depreciation Expense 550 Inetest Expense Totals 305 510 0.00 0.00 Directions Chart Act Journal GLAssels G Ready Type here to search