I need all of required work for june completely done please, ( I can read everything i posted on here? what is it that you cannot read?)
Mini Practice Set Rich's Accounting Service This comprehensive review problem requires you to complete the accounting cycle for Rich's Accounting Service twice. This practice set allows you to review Chapters 1-6 while reinforcing the relationships between all parts of the accounting cycle. By completing two Cycles, you will see how the ending lune balances in the ledger are used to accumulate data in July Rich's Accounting Service Chart of Accounts ASSETS OWNER'S EQUITY EXPENSES - Continued 311 312 313 Rich, Capital Rich, Drawing Income Summary 115 121 122 123 124 Cash Accounts Receivable Prepaid Rent Office Supplies Office Equipment Accumulated Depreciation - Office Equipment Automobile Accumulated Depreciation - Automobile 513 514 515 516 517 518 519 524 Gasoline Expense Repairs Expense Telephone Expense Advertising Expense Office Supplies Expense Depreciation Expense. Office Equipment Depreciation Expense - Automobile Miscellaneous Expense REVENUE 411 Accounting Service Fees LIABILITIES EXPENSES 211 212 Accounts Payable Salaries Payable 511 512 Rent Expense Salaries Expense On June 1, 201X, Rich opened an accounting services office called Rich's Accounting Service. The following transactions were completed for the month of June. June 1 Rich invested $19,000 cash in the business along with $6,000 of office equipment. June 1 Rented an office and paid three months rent in advance to Fredericks Property Management. Check #0001 - 54,500. June 1 Bought an automobile on account from Norm's Automotive, $27,000. June 4 Purchased office supplies from Office Depot on account, $400 June 5 Purchased additional office supplies from Office Depot. Paid cash. Check #0002-575. June 6 Performed accounting services for Jilian Kirby. Collected $3,500 cash. June 8 Paid a gasoline bill to Arco. Check #0003 - $97. June 12 Paid Janice, office secretary, two weeks salary. Check #0004 - $2,000. June 18 Provided accounting services to Mindy's Dress Shop, $8,500. Payment to be received on July 9th June 20 Rich withdrew $2,500 from the business to pay personal expenses. Check #0005 - $2,500. June 21 Performed accounting services for Caden, Inc.. Collected $2,500 cash. June 22 Paid a gasoline bill to Arco. Check #0006 - $96. Paid Norm's Automotive for automobile repairs. Check #0007 - $625 June 264 Paid Janice, office secretary, two weeks salary. Check #0008 - $2,000. June 27 Provided accounting services to Sarah Company $7,500. Payment to be received on July 19th. June 29 Paid lune telephone bill to Verizon. Check #0009 - $525. June 29 Received bill from The Daily Courier for June advertising. Bill is in the amount of $1,300 and is due July 3rd. REQUIRED WORK FOR JUNE Journalize transactions and post to General Ledger Prepare a trial balance in the first two columns of a blank worksheet form. Complete the worksheet based on the following adjustment data: 3. One month's rent, $1,500, has expired. b. An inventory of office supplies shows there is $75 remaining on hand c. Depreciation on the office equipment is $200 d. Depreciation on the automobile is 5750. e. Janice has worked Monday, June 29th and Tuesday, June 30th, but is not scheduled to be paid until Friday, July 10th. Her salary is 52,000 every two weeks (5200 per day Prepare lune financial statements. An Income Statement, Statement of Owner's Equity and Balance Sheet Journalize the adjusting entries and post them to the General Ledger Journalize the necessary closing entries and post them to the General Ledger Prepare a post-closing trial balance. Journal Entries S.No Date Particulars Debit Credit 14 26-Jun 512-Salaries Expense 512-Salaries Expense $ 2,000 26-Jun 111-Cash/Bank $ 2,000 Being two weeks salary paid to office secretary Net Amount $ 2,000 $ -2,000 15 27-Jun 112-Accounts Receivable $ 7,500 $ 7,500 27-Jun 411-Accounting Service Fees $ 7,500 $ -7,500 Being accounting services provided to customer on credit accounted 16 29-Jun 515-Telephone Expense $ 525 29-Jun 111-Cash/Bank $ 525 Being amount paid towards telephone expenses 525 -525 $ 29-Jun 516-Advertising Expense $ 1,300 $ 1,300 29-Jun 211-Accounts Payable $ 1,300 $ -1,300 Being advertising expenses incurred payable on credit accounte Jourral Entries S.No Date Particulars Debit Credit Net Amount 01-Jun 111-Cash/Bank $ 19,000 $ 19,000 01-Jun 121-Office Equipement $ 6,000 $ 6,000 01-Jun 311-Rich-Capital $ 25,000 $ -25,000 Being capital and asset introduced into business 01-Jun 114-Prepaid Rent $ 4,500 $ 4,500 01-Jun 111-Cash/Bank $ 4,500 $ 4,500 Being 3 months' prepaid rent expense accounted for the amount paid to Property management. 01-Jun 123-Automobile 01-Jun 211-Accounts Payable $27,000 $ $ 27,000 -27,000 $ 27,000 Being automobile bought from Norm's Automotive on credit accounted. 04-Jun 115-Office Supplies $ 400 $ 04-Jun 211-Accounts Payable $ 400 $ Being office supplies bought on credit from Office depot 400 -400 05-Jun 115-Office Supplies $ 575 $ 575 05-Jun 111-Cash/Bank $ 575 $ -575 Being additional office supplies bought on cashfrom Office 06-Jun 111-Cash/Bank $ 3,500 $ 3,500 06-Jun 411-Accounting Service Fees $ 3,500 $ -3,500 Being amount received in cash from customer for accouting services provided. Journal Entries S.No Date Particulars Debit Credit 08-Jun 513-Gasoline Expense $ 97 08-Jun 111-Cash/Bank $ 97 Being amount paid towards Gasoline expenses Net Amount 97 $ -97 12-Jun 512-Salaries Expense $ 2,000 12-Jun 111-Cash/Bank $ 2,000 Being two weeks salary paid to office secretary 2,000 -2,000 $ 18-Jun 112-Accounts Receivable $ 8,500 $ 8,500 18-Jun 411-Accounting Service Fees $ 8,500 $ -8,500 Being accounting services provided to customer on credit accounted 101 20-Jun 312-Rich-Drawing $ 2,500 $ 2,500 20-Jun 111-Cash/Bank $ 2,500 $ -2,500 Being amount withdrawm by Rich for personal expenses 21-Jun 111-Cash/Bank $ 2,500 $ 2,500 21-Jun 411-Accounting Service Fees $ 2,500 $ -2,500 Being amount received in cash from customer for accouting services provided. 12 96 22-Jun 513-Gasoline Expense $ 96 22-Jun 111-Cash/Bank $ 96 Being amount paid towards Gasoline expenses $ -96 13 25-Jun 514-Repairs Expense $ 625 $ 25-Jun 111-Cash/Bank $ 625 $ Being repair expenses incurred towards automotive 625 -625 General Journal Page 5 cr. PR Dr. Date Account Titles and Description 2018 12-Jun 18-Jun 20-Jun 21-Jun 22-Jun! 25-Jun 26-Jun 27-Jun 29-Jun 30-Jun June - - -96 - - - $-2,000 $ - $ - $ - $ . $ . $ - $ - $ - - - - . - - . . . . - $ . S $ 12,082 $ 16,000 $ 4,500 $ 975 $ 6,000 $ $ 27,000 $ - $ $-28,700 $ $ $-25,000 $ 2,500 $ . $ . $-22,000 . $ $ $ . - $ Rich's Accounting Service-Chart of Accounts with requierd transactions Ledger Head with code 01-Jun 04-Jun 05-Jun 06-Jun 08-Jun Assets 111-Cash/Bank $ 14,500 $ - $ -575 $ 3,500 $ -97 112-Accounts Receivable $ - $ - $ - $ - $ - 114-Prepaid Rent $ 4,500 $ - $ - $ - $ - 115-Office Supplies $ - $ 400 $ 575 $ - $ - 121-Office Equipement $ 6,000$ - $ . $ - $ - 122-Accumulated Depreciation Office Equipmen $ - $ - $ - $ . $ . 123-Automobile $ 27,000 $ - $ - $ - $ - 124-Accumulated Depreciation Automobile $ - $ - $ $ - $ - Liabilities $ - $ - $ - $ - $ - 211-Accounts Payable $-27,000 $ -400 $ $ . $ - 212-Salaries Payable $ - $ - $ . $ - Owner's Equity $ - $ - $ . $ - 311-Rich-Capital $-25,000 $ - $ .. - $- 312-Rich-Drawing $ - $ - $ - $ . 313-Income Summary $ - $ - $ - $ - $ Revenue $ - $ . $ - $ - 411-Accounting Service Fees - $ - $ $-3,500 $ - Expenses $ - $ - $ - $ - 511-Rent Expense $ . $ $ 512-Salaries Expense $ - $ - $ - $ - 513-Gasoline Expense $ - - $ 97 514-Repairs Expense $ - $ - 515-Telephone Expense $ . $ - $ - 516-Advertising Expense $ . $ . $ . $ . 517-Office Supplies Expense $ - $ - $ - $ - 518-Depreciation Expense-Office Equipment $ . $ - $ - 519-Depreciation Expense-Automobile - $ - $ - $ - $ - 524-Miscellaneous Expense $ - $ - $ - $ - Trial Balance total . $ . $ $ . - $ - $-2,500 $ 2,500 $ $ 8,500 $ - $ - $ $ .. $ - $ - $ $ - $ - $ $ $ - $ . $ . $ $ - $ . $ - $ $ - $ - $ $ $ - $ - $ - $ $ - $ - $ . $ $ . $ - $ $ - $ - $ - $ $ - $ - $ - $ $ - $ - $ - $ - $ 2,500 $ - $ - $ - $ - $ $ . $ - $ . $ $-8,500 $ - $-2,500 $ $ - $ - $ . $ $ - $ . $ . $ $ $ - $ - $ $ - | $ - $ $ $- $ $ - $ . $ . $ $ - $ . $ . $ $ - $ - $ . $ $ . $ - $ - $ - $ - $ - $ $ - $ . $ $ $ . $ . $ . $ - $ . $ - $ - $ - $ 2,000 $ - $ - $ - $ . $ - $ - $ - $ - $ $ -625 $-2,000 $ - $ - $ - $ - $ - $ - $ $ - $ - $ . $ - $ - $ - $ - $ - $ - $ . $ . $ - $ . $ . $ - $- $ . $ - $ - $ - $ - $ - $ - $ - $ $ - $ - $ 2,000 $ - $ - $ 625 $ - $ . $ . $ $ . $ - $ - $ . $ - $ - $ - $ - $ - $ . $ . $ - $ -525 $ $ 7,500 $ - $ $ $ - $ - $ - $ $ $ - $ - $ $ - $ - $ $ - $ - $ $ - $ $ . $ . $ - $ $ - $ - $ $ - $ - $ $ - $ - $ $ - $ . $ $ . $ - $ $-7,500 $ - $ $ - $ .. $- $ - $ - $ $ - $ - $ $ - $ - $ $ - $ - $ $ . $ - $ 1,300 $ $ - $ - $ $ - $ - $ $ - $ - $ $ - $ - $ $ . $ . $ . - - - - - - - - - 96 - - - - - - $ . $ $ . $ 4,000 $ 193 $ 625 $ 525 $ 1,300 $ $ . $ . . - - - - - - - . . Rich's Accounting Service Income Statement June 20xx Revenue: Expenses Net Rich's Accounting Service Statement of Owner's Equity June 20xx Rich's Accounting Service Balance Sheet June 20xx Assets Liabilities and Owner's Equity Assets Liabilities: Total Liabilities Equipment Owner's Equity Total Assets Total Liabilities and Owner's Equity RICH, DRAWING Post Entries Debit Credit Explanation 312 Balance Debit Credit Date 2017 June Ref. INCOME SUMMARY Explanation Post Entries Ref. Debit Credit 313 Balance Debit Credit Date 2018 June ACCOUNTING SERVICE FEES Post Entries Explanation Ref. Debit Credit 411 Balance Debit Credit Date 2018 June RENT EXPENSE Post Ref. Debit 511 Balance Debit Credit Date Entries Credit Explanation 201X June SALARIES EXPENSE Post Entries Explanation Debit I Credit 512 Balance Debit Credit Ref. Date 2017 June Explanation Explanation GAS EXPENSE Post Entries Ref. Debit Credit 513 Balance Debit Credit Date 2017 June REPAIRS EXPENSE Post Explanation Ref. Debit Entries Credit 514 Balance Debit Credit Date 2017 June 515 TELEPHONE EXPENSE Post Entries Explanation Ref. Debit Credit Balance Debit Credit Date 2017 June 516 ADVERTISING EXPENSE Post Entries Explanation Ref. Debit Credit Date Balance Debit Credit 2017 June OFFICE SUPPLIES EXPENSE Post Entries Explanation Ref. Debit Credit 517 Balance Debit Credit Date 2017 June DEPRECIATION EXPENSE - EQUIPMENT Post Entries Explanation Ref. Debit Credit 518 Balance Debit Credit Date 2017 June DEPRECIATION EXPENSE - AUTOMOBILE Post Entries Explanation Ref. Debit Credit 519 Balance Debit Credit Date 2017 June MISCELLANEOUS EXPENSE Post Entries Explanation Ref. Debit Credit 524 Balance Debit Credit Date 2017 June 112 ACCOUNTS RECEIVABLE Post Entries Explanation Ref. Debit Credit Balance Debit Credit Date 2017 June PREPAID RENT 114 Date Explanation Post Ref. Entries Credit Balance Debit Credit Debit 2017 June 115 OFFICE SUPPLIES Post Entries Ref. Debit Explanation Balance Debit Credit Credit Date 2017 June OFFICE EQUIPMENT Post Explanation Ref. Debit 121 Balance Debit Credit Entries Credit Date 201X June ACCUMULATED DEPRECIATION - OFFICE EQUIPMENT Post Entries Explanation Ref. Debit Credit 122 Balance Debit Credit Date 2017 June tri AUTOMOBILE Post Ref. Debit 123 Balance Debit Credit Date Entries Credit Explanation 2017 June 124 ACCUMULATED DEPRECIATION - AUTOMOBILE Post Entries Explanation Ref. Debit Credit Date Balance Debit Credit 2017 June ACCOUNTS PAYABLE Post Entries Explanation Ref. Debit Credit 211 Balance Debit Credit Date 201X June 212 SALARIES PAYABLE Post Entries Explanation Ref. Debit Credit Balance Debit Credit Date 2017 June RICH, CAPITAL Post Entries Debit Credit 311 Balance Debit Credit Explanation Date 2017 June Rich's Accounting Service Income Statement June 20xx Revenue: Expenses Net Rich's Accounting Service Statement of Owner's Equity June 20xx Rich's Accounting Service Balance Sheet June 20xx Assets Liabilities and Owner's Equity Assets Liabilities: Total Liabilities Equipment Owner's Equity Total Assets Total Liabilities and Owner's Equity Mini Practice Set Rich's Accounting Service This comprehensive review problem requires you to complete the accounting cycle for Rich's Accounting Service twice. This practice set allows you to review Chapters 1-6 while reinforcing the relationships between all parts of the accounting cycle. By completing two Cycles, you will see how the ending lune balances in the ledger are used to accumulate data in July Rich's Accounting Service Chart of Accounts ASSETS OWNER'S EQUITY EXPENSES - Continued 311 312 313 Rich, Capital Rich, Drawing Income Summary 115 121 122 123 124 Cash Accounts Receivable Prepaid Rent Office Supplies Office Equipment Accumulated Depreciation - Office Equipment Automobile Accumulated Depreciation - Automobile 513 514 515 516 517 518 519 524 Gasoline Expense Repairs Expense Telephone Expense Advertising Expense Office Supplies Expense Depreciation Expense. Office Equipment Depreciation Expense - Automobile Miscellaneous Expense REVENUE 411 Accounting Service Fees LIABILITIES EXPENSES 211 212 Accounts Payable Salaries Payable 511 512 Rent Expense Salaries Expense On June 1, 201X, Rich opened an accounting services office called Rich's Accounting Service. The following transactions were completed for the month of June. June 1 Rich invested $19,000 cash in the business along with $6,000 of office equipment. June 1 Rented an office and paid three months rent in advance to Fredericks Property Management. Check #0001 - 54,500. June 1 Bought an automobile on account from Norm's Automotive, $27,000. June 4 Purchased office supplies from Office Depot on account, $400 June 5 Purchased additional office supplies from Office Depot. Paid cash. Check #0002-575. June 6 Performed accounting services for Jilian Kirby. Collected $3,500 cash. June 8 Paid a gasoline bill to Arco. Check #0003 - $97. June 12 Paid Janice, office secretary, two weeks salary. Check #0004 - $2,000. June 18 Provided accounting services to Mindy's Dress Shop, $8,500. Payment to be received on July 9th June 20 Rich withdrew $2,500 from the business to pay personal expenses. Check #0005 - $2,500. June 21 Performed accounting services for Caden, Inc.. Collected $2,500 cash. June 22 Paid a gasoline bill to Arco. Check #0006 - $96. Paid Norm's Automotive for automobile repairs. Check #0007 - $625 June 264 Paid Janice, office secretary, two weeks salary. Check #0008 - $2,000. June 27 Provided accounting services to Sarah Company $7,500. Payment to be received on July 19th. June 29 Paid lune telephone bill to Verizon. Check #0009 - $525. June 29 Received bill from The Daily Courier for June advertising. Bill is in the amount of $1,300 and is due July 3rd. REQUIRED WORK FOR JUNE Journalize transactions and post to General Ledger Prepare a trial balance in the first two columns of a blank worksheet form. Complete the worksheet based on the following adjustment data: 3. One month's rent, $1,500, has expired. b. An inventory of office supplies shows there is $75 remaining on hand c. Depreciation on the office equipment is $200 d. Depreciation on the automobile is 5750. e. Janice has worked Monday, June 29th and Tuesday, June 30th, but is not scheduled to be paid until Friday, July 10th. Her salary is 52,000 every two weeks (5200 per day Prepare lune financial statements. An Income Statement, Statement of Owner's Equity and Balance Sheet Journalize the adjusting entries and post them to the General Ledger Journalize the necessary closing entries and post them to the General Ledger Prepare a post-closing trial balance. Journal Entries S.No Date Particulars Debit Credit 14 26-Jun 512-Salaries Expense 512-Salaries Expense $ 2,000 26-Jun 111-Cash/Bank $ 2,000 Being two weeks salary paid to office secretary Net Amount $ 2,000 $ -2,000 15 27-Jun 112-Accounts Receivable $ 7,500 $ 7,500 27-Jun 411-Accounting Service Fees $ 7,500 $ -7,500 Being accounting services provided to customer on credit accounted 16 29-Jun 515-Telephone Expense $ 525 29-Jun 111-Cash/Bank $ 525 Being amount paid towards telephone expenses 525 -525 $ 29-Jun 516-Advertising Expense $ 1,300 $ 1,300 29-Jun 211-Accounts Payable $ 1,300 $ -1,300 Being advertising expenses incurred payable on credit accounte Jourral Entries S.No Date Particulars Debit Credit Net Amount 01-Jun 111-Cash/Bank $ 19,000 $ 19,000 01-Jun 121-Office Equipement $ 6,000 $ 6,000 01-Jun 311-Rich-Capital $ 25,000 $ -25,000 Being capital and asset introduced into business 01-Jun 114-Prepaid Rent $ 4,500 $ 4,500 01-Jun 111-Cash/Bank $ 4,500 $ 4,500 Being 3 months' prepaid rent expense accounted for the amount paid to Property management. 01-Jun 123-Automobile 01-Jun 211-Accounts Payable $27,000 $ $ 27,000 -27,000 $ 27,000 Being automobile bought from Norm's Automotive on credit accounted. 04-Jun 115-Office Supplies $ 400 $ 04-Jun 211-Accounts Payable $ 400 $ Being office supplies bought on credit from Office depot 400 -400 05-Jun 115-Office Supplies $ 575 $ 575 05-Jun 111-Cash/Bank $ 575 $ -575 Being additional office supplies bought on cashfrom Office 06-Jun 111-Cash/Bank $ 3,500 $ 3,500 06-Jun 411-Accounting Service Fees $ 3,500 $ -3,500 Being amount received in cash from customer for accouting services provided. Journal Entries S.No Date Particulars Debit Credit 08-Jun 513-Gasoline Expense $ 97 08-Jun 111-Cash/Bank $ 97 Being amount paid towards Gasoline expenses Net Amount 97 $ -97 12-Jun 512-Salaries Expense $ 2,000 12-Jun 111-Cash/Bank $ 2,000 Being two weeks salary paid to office secretary 2,000 -2,000 $ 18-Jun 112-Accounts Receivable $ 8,500 $ 8,500 18-Jun 411-Accounting Service Fees $ 8,500 $ -8,500 Being accounting services provided to customer on credit accounted 101 20-Jun 312-Rich-Drawing $ 2,500 $ 2,500 20-Jun 111-Cash/Bank $ 2,500 $ -2,500 Being amount withdrawm by Rich for personal expenses 21-Jun 111-Cash/Bank $ 2,500 $ 2,500 21-Jun 411-Accounting Service Fees $ 2,500 $ -2,500 Being amount received in cash from customer for accouting services provided. 12 96 22-Jun 513-Gasoline Expense $ 96 22-Jun 111-Cash/Bank $ 96 Being amount paid towards Gasoline expenses $ -96 13 25-Jun 514-Repairs Expense $ 625 $ 25-Jun 111-Cash/Bank $ 625 $ Being repair expenses incurred towards automotive 625 -625 General Journal Page 5 cr. PR Dr. Date Account Titles and Description 2018 12-Jun 18-Jun 20-Jun 21-Jun 22-Jun! 25-Jun 26-Jun 27-Jun 29-Jun 30-Jun June - - -96 - - - $-2,000 $ - $ - $ - $ . $ . $ - $ - $ - - - - . - - . . . . - $ . S $ 12,082 $ 16,000 $ 4,500 $ 975 $ 6,000 $ $ 27,000 $ - $ $-28,700 $ $ $-25,000 $ 2,500 $ . $ . $-22,000 . $ $ $ . - $ Rich's Accounting Service-Chart of Accounts with requierd transactions Ledger Head with code 01-Jun 04-Jun 05-Jun 06-Jun 08-Jun Assets 111-Cash/Bank $ 14,500 $ - $ -575 $ 3,500 $ -97 112-Accounts Receivable $ - $ - $ - $ - $ - 114-Prepaid Rent $ 4,500 $ - $ - $ - $ - 115-Office Supplies $ - $ 400 $ 575 $ - $ - 121-Office Equipement $ 6,000$ - $ . $ - $ - 122-Accumulated Depreciation Office Equipmen $ - $ - $ - $ . $ . 123-Automobile $ 27,000 $ - $ - $ - $ - 124-Accumulated Depreciation Automobile $ - $ - $ $ - $ - Liabilities $ - $ - $ - $ - $ - 211-Accounts Payable $-27,000 $ -400 $ $ . $ - 212-Salaries Payable $ - $ - $ . $ - Owner's Equity $ - $ - $ . $ - 311-Rich-Capital $-25,000 $ - $ .. - $- 312-Rich-Drawing $ - $ - $ - $ . 313-Income Summary $ - $ - $ - $ - $ Revenue $ - $ . $ - $ - 411-Accounting Service Fees - $ - $ $-3,500 $ - Expenses $ - $ - $ - $ - 511-Rent Expense $ . $ $ 512-Salaries Expense $ - $ - $ - $ - 513-Gasoline Expense $ - - $ 97 514-Repairs Expense $ - $ - 515-Telephone Expense $ . $ - $ - 516-Advertising Expense $ . $ . $ . $ . 517-Office Supplies Expense $ - $ - $ - $ - 518-Depreciation Expense-Office Equipment $ . $ - $ - 519-Depreciation Expense-Automobile - $ - $ - $ - $ - 524-Miscellaneous Expense $ - $ - $ - $ - Trial Balance total . $ . $ $ . - $ - $-2,500 $ 2,500 $ $ 8,500 $ - $ - $ $ .. $ - $ - $ $ - $ - $ $ $ - $ . $ . $ $ - $ . $ - $ $ - $ - $ $ $ - $ - $ - $ $ - $ - $ . $ $ . $ - $ $ - $ - $ - $ $ - $ - $ - $ $ - $ - $ - $ - $ 2,500 $ - $ - $ - $ - $ $ . $ - $ . $ $-8,500 $ - $-2,500 $ $ - $ - $ . $ $ - $ . $ . $ $ $ - $ - $ $ - | $ - $ $ $- $ $ - $ . $ . $ $ - $ . $ . $ $ - $ - $ . $ $ . $ - $ - $ - $ - $ - $ $ - $ . $ $ $ . $ . $ . $ - $ . $ - $ - $ - $ 2,000 $ - $ - $ - $ . $ - $ - $ - $ - $ $ -625 $-2,000 $ - $ - $ - $ - $ - $ - $ $ - $ - $ . $ - $ - $ - $ - $ - $ - $ . $ . $ - $ . $ . $ - $- $ . $ - $ - $ - $ - $ - $ - $ - $ $ - $ - $ 2,000 $ - $ - $ 625 $ - $ . $ . $ $ . $ - $ - $ . $ - $ - $ - $ - $ - $ . $ . $ - $ -525 $ $ 7,500 $ - $ $ $ - $ - $ - $ $ $ - $ - $ $ - $ - $ $ - $ - $ $ - $ $ . $ . $ - $ $ - $ - $ $ - $ - $ $ - $ - $ $ - $ . $ $ . $ - $ $-7,500 $ - $ $ - $ .. $- $ - $ - $ $ - $ - $ $ - $ - $ $ - $ - $ $ . $ - $ 1,300 $ $ - $ - $ $ - $ - $ $ - $ - $ $ - $ - $ $ . $ . $ . - - - - - - - - - 96 - - - - - - $ . $ $ . $ 4,000 $ 193 $ 625 $ 525 $ 1,300 $ $ . $ . . - - - - - - - . . Rich's Accounting Service Income Statement June 20xx Revenue: Expenses Net Rich's Accounting Service Statement of Owner's Equity June 20xx Rich's Accounting Service Balance Sheet June 20xx Assets Liabilities and Owner's Equity Assets Liabilities: Total Liabilities Equipment Owner's Equity Total Assets Total Liabilities and Owner's Equity RICH, DRAWING Post Entries Debit Credit Explanation 312 Balance Debit Credit Date 2017 June Ref. INCOME SUMMARY Explanation Post Entries Ref. Debit Credit 313 Balance Debit Credit Date 2018 June ACCOUNTING SERVICE FEES Post Entries Explanation Ref. Debit Credit 411 Balance Debit Credit Date 2018 June RENT EXPENSE Post Ref. Debit 511 Balance Debit Credit Date Entries Credit Explanation 201X June SALARIES EXPENSE Post Entries Explanation Debit I Credit 512 Balance Debit Credit Ref. Date 2017 June Explanation Explanation GAS EXPENSE Post Entries Ref. Debit Credit 513 Balance Debit Credit Date 2017 June REPAIRS EXPENSE Post Explanation Ref. Debit Entries Credit 514 Balance Debit Credit Date 2017 June 515 TELEPHONE EXPENSE Post Entries Explanation Ref. Debit Credit Balance Debit Credit Date 2017 June 516 ADVERTISING EXPENSE Post Entries Explanation Ref. Debit Credit Date Balance Debit Credit 2017 June OFFICE SUPPLIES EXPENSE Post Entries Explanation Ref. Debit Credit 517 Balance Debit Credit Date 2017 June DEPRECIATION EXPENSE - EQUIPMENT Post Entries Explanation Ref. Debit Credit 518 Balance Debit Credit Date 2017 June DEPRECIATION EXPENSE - AUTOMOBILE Post Entries Explanation Ref. Debit Credit 519 Balance Debit Credit Date 2017 June MISCELLANEOUS EXPENSE Post Entries Explanation Ref. Debit Credit 524 Balance Debit Credit Date 2017 June 112 ACCOUNTS RECEIVABLE Post Entries Explanation Ref. Debit Credit Balance Debit Credit Date 2017 June PREPAID RENT 114 Date Explanation Post Ref. Entries Credit Balance Debit Credit Debit 2017 June 115 OFFICE SUPPLIES Post Entries Ref. Debit Explanation Balance Debit Credit Credit Date 2017 June OFFICE EQUIPMENT Post Explanation Ref. Debit 121 Balance Debit Credit Entries Credit Date 201X June ACCUMULATED DEPRECIATION - OFFICE EQUIPMENT Post Entries Explanation Ref. Debit Credit 122 Balance Debit Credit Date 2017 June tri AUTOMOBILE Post Ref. Debit 123 Balance Debit Credit Date Entries Credit Explanation 2017 June 124 ACCUMULATED DEPRECIATION - AUTOMOBILE Post Entries Explanation Ref. Debit Credit Date Balance Debit Credit 2017 June ACCOUNTS PAYABLE Post Entries Explanation Ref. Debit Credit 211 Balance Debit Credit Date 201X June 212 SALARIES PAYABLE Post Entries Explanation Ref. Debit Credit Balance Debit Credit Date 2017 June RICH, CAPITAL Post Entries Debit Credit 311 Balance Debit Credit Explanation Date 2017 June Rich's Accounting Service Income Statement June 20xx Revenue: Expenses Net Rich's Accounting Service Statement of Owner's Equity June 20xx Rich's Accounting Service Balance Sheet June 20xx Assets Liabilities and Owner's Equity Assets Liabilities: Total Liabilities Equipment Owner's Equity Total Assets Total Liabilities and Owner's Equity
