I'm just looking for someone to check my work, I'm a little unsure. Especially the stockholder portion. 
date Notes Payable 10,000.00 date 3-Oct Business License exp 10-Oct 375.00 Common Stock 25,000 5,000 1-Oct 13-Oct 30,000 Insurance expense Accounts Rec. 31-Oct 5,000.00 3,800.00 1,000.00 30-Nov 7,500.00 4,000.00 31-Dec 6,000.00 8-Nov 18-Nov 8-Dec 8800 18500 9700 Baking equipment 13-Oct 5,000.00 Advertising expense 13-Oct 200.00 Office supplies 14-Oct 300.00 22-Nov 300 Rent expense 7-Oct 1,500 15-Nov 1,500 15-Dec 1,500 600.00 4,500 Prepaid insurance 31-Oct 1,200 Bakery Sales 31-Oct 30-Nov 15,000 20,000 25,000 60,000 31-Dec Salaries and wages payable 120 31-Oct 5-Nov 120 Salary and wages expense 31-Oct 120 15-Nov 480 30-Nov 420 15-Dec 456 31-Dec 480 480 15-Nov 20-Nov 480 420 30-Nov 5-Dec 420 1,956 456.00 15-Dec 20-Dec 456 480.00 31-Dec 1,476 1,956.00 480.00 Dividends 1-Dec 10,000 10,000 COGS 15-Dec 48.00 24-Dec 109.60 157.60 Dividends 1-Dec 10,000 10,000 COGS 15-Dec 48.00 24-Dec 109.60 157.60 15-Dec Merch. Inv. FIFO 7-Dec 60.00 48.00 20-Dec 122.00 109.60 30-Dec 151.25 333.25 157.60 175.65 24-Dec 1 2 A Company Adjusting Journal Entries 20XX 3 4 5 Credit 5 6 7 Debit 208.33 208.33 150.00 8 9 150.00 10 Date Accounts 31-Dec Depreciation Expense Accumulated Depreciation 31-Dec Interest Expense Interest Payable 31-Dec Insurance Expense Prepaid Insurance 31-Dec Baking Supplies Expense Baking Supplies 31-Dec Office Supplies Expense Office Supplies 200.00 11 200.00 12 19,400.00 13 19,400.00 14 500.00 15 500.00 16 17 18 19 20 21 22 20,458.33 20,458.33 Account Cash Baking Supplies Merchandise Inventory Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Supplies Accounts Receivable Notes Payable Interest Payable Accounts Payable Wages Payable Common Stock Dividends Bakery Sales Merchandise Sales Baking Supplies Expense Rent Expense Interest Expense Insurance Expense Depreciation Expense Misc. Expense Office Supplies Expense Business License Expense Advertising Expense Wages Expense Telephone Expense COGS Unadjusted trial balance Adjusting entries Adjusted trial balance Debit Credit Debit Credit Debit Credit 51,436.75 51,436.75 20,500.00 19,400.00 1,100.00 175.65 175.65 1,500.00 1,500.00 1,200.00 200.00 1,000.00 5,000.00 5,000.00 208.33 208.33 600.00 550.00 50.00 9,700.00 9,700.00 10,000.00 10,000.00 150.00 150.00 7,000.00 7,000.00 480.00 480.00 30,000.00 30,000.00 10,000.00 10,000.00 60,000.00 60,000.00 221.00 221.00 19,400.00 19,400.00 4,500.00 4,500.00 150.00 150.00 200.00 200.00 208.33 208.33 250.00 250.00 550.00 550.00 375.00 200.00 1,956.00 150.00 375.00 200.00 1,956.00 150.00 157.60 157.60 Total: 107,701.00 107,701.00 20,508.33 20,508.33 108,059.33 108,059.33 Revenues Bakery Sales Merchandise Sales Total Revenues Cost of Goods Sold Gross Profit 60,000.00 221.00 60,221.00 157.60 60,063.40 Operating Expenses: Baking Supplies Expense Rent Expense Interest Expense Insurance Expense Depreciation Expense Misc. Expense Office Supplies Expense Business License Expense Advertising Expense Wages Expense Telephone Expense 19,400.00 4,500.00 150.00 200.00 208.33 250.00 550.00 375.00 200.00 1,956.00 150.00 Total Operating Expenses: 27,939.33 Net Income 32,124.07 A Company Statement of Stockholder's Equity For Qtr. Ending 12/31/20xx Common Stock Retained Earnings Total Beginning Balances, September 30 30000 0 Issued Common Stock 30,000.00 Net Income 32,124.07 32,124.07 Dividends (10,000.00) (10,000.00) Ending Balances, December 31: 30,000.00 22,124.07 52,124.07 0 51,436.75 9,700.00 1,100.00 Liabilities and Owners' Equity Current Liabilities: Accounts Payable Wages Payable Interest Payable Total Current Liabilities 7,000.00 480.00 Assets Current Assets: Cash Accounts Receivable Baking Supplies Office Supplies Merchandise Inventory Prepaid Rent Prepaid Insurance Total Current Assets 150.00 50.00 7,630.00 175.65 1,500.00 1,000.00 64,962.40 Long Term Liabilities: Notes Payable Total Long Term Liabilities: 10,000.00 10,000.00 Total Liabilities: 17,630.00 Shareholder's Equity: Common Stock Dividends 30,000.00 10000 Non-Current Assets: Baking Equipment Accumulated Depreciation Baking Equipment (Net) 5,000.00 (208.33) 4,791.67 Total Equity 40,000.00 Total Assets: 69,754.07 Total Liabilities & Equity 57,630.00 A Company Closing Entries Qtr ending 12/31/20xx Credit Date Accounts 31-Dec Bakery Sales Merchandise Sales Retained Earnings Debit 60,000.00 221.00 60,221.00 28,096.93 31-Dec Retained Earnings Baking Supplies Expense Rent Expense Wages Expense Office Supplies Expense Business License Expense Office Expense Depreciation Expense Insurance Expense Advertising Expense Interest Expense Telephone Expense COGS 157.60 4,500.00 1,956.00 550.00 375.00 550.00 208.33 200.00 200.00 150.00 150.00 157.60 10,000.00 31-Dec Retained Earnings Dividends 10,000.00 A Company Post-Closing Trial Balance Qtr. Ending 12/31/20xx Unadjusted Trial Balance Debit Credit 51,436.75 1,100.00 175.65 1,500.00 1,000.00 5,000.00 208.33 Account Cash Baking Supplies Merchandise Inventory Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Supplies Accounts Receivable Accounts Payable Wages Payable Interest Payable Notes Payable Common Stock Retained Earnings 50.00 9,700.00 7,000.00 480.00 150.00 10,000.00 30,000.00 22,124.07 Total 69,962.40 69,962.40
