Excel worksheets to use for journal entries and t-accounts and also utilize Excel for trial balances and financial statements. Students are to complete journal entries for each month, including adjusting and closing, trial balances, and financial statements consisting of Income Statement, Statement of Retained Earnings, and Balance Sheet in a classified format. The minimum chart of accounts for the Deal Cleaning Corporation practice case is the following (more or less may be used):

• Assets – Cash, Accounts Receivable – Regular Customers, Accounts Receivable – Warhawk Gym, Prepaid Insurance, Supplies, Cleaning Equipment, Truck and Land.
• Liabilities – Accounts Payable – Home Improvement, Accounts Payable – Big Sparkle, Notes Payable – Land, Notes Payable – Truck, Unearned Service Revenue
• Stockholder’s Equity – Common Stock, Retained Earnings, Dividends – Jack Deal
• Revenue – Service Revenue, Sales Discounts
• Expenses – Auto Expense, Insurance Expense, Office Expense, Organization Expense, Rent Expense, Salary and Wage Expense

November 27, 2017	Jack purchases gas for the truck for $46. On the way home, Jack decides he needs to pay his own personal bills so he draws $1200 for personal use from the business. Linda calls Jack to inform him that Warhawk Gym has paid their bill within the discount period.
November 29, 2017	Jack negotiates a deep cleaning of a bathtub at the home of the Smith family for that afternoon. He is paid $250 for this service. Jack purchases a special tool to complete this cleaning at Lowe’s for $2000 and pays cash. Vic completes the service by 5:00 pm. Jack asks one of the store managers their opinion on the useful life of the tool and they give him an estimate of 3 years with $0 residual value. Jack determines that he will use that estimate for depreciation purposes for the tool.
November 30, 2017	The office manager completes payroll for Jack’s review including the overtime pay for jobs after hours for Vic and Emelia. Jack pays the office manager and cleaning crew for their time work since November 16, 2017.
November 30, 2017	The office manager bills weekly and bi-weekly customers for service, pays accounts payable balances due, and completes adjusting and closing end of month journal entries and prepares a trial balance and financial statements for Jack’s review. Check figures – Retained Earnings balance for balance sheet is equal to $4126 and Total Assets are $107,126
December 1, 2017	The office manager pays the beginning of the month expenses.
December 1, 2017	Deal signs up 6 more weekly customers at a rate of $120 per week and 6 customers who will require cleaning every 2 weeks for a rate of $160 per service. Customer terms are same as those signed up in November.
December 3, 2017	Ten of the weekly customers and 4 of the bi-weekly customers pay their balance through a bank wire deposit by the end of the day.
December 4, 2017	Jack purchases $52 in gas for the truck.
December 5, 2017	Jack is contacted by the church they cleaned up after the wedding on November 18, 2017. The church and Jack negotiate for Emelia and Vic to clean the church each Sunday night in December through December 24 for a rate of $400 per cleaning. The church pays the balance up front.
December 10, 2017	The remaining eight customers pay their balance from the November 30 billing through a bank wire.
December 10, 2017	Vic and Emelia work 3 hours each to clean up church after evening service.
December 13, 2017	Jack is contacted by the Smith family who wants a deep cleaning of all the tile in their house as well as their patio. Jack negotiates a $1420 price and Vic completes the job by end of December 15, 2017. Smith pays on 12/15/17 before Vic starts the job.
December 15, 2017	Linda prepares the payroll and bills the customers per Jack’s instructions.
December 15, 2017	Warhawk Gym needs another cleaning after the Saturday graduation ceremonies. Jack negotiates a price of $2300 for 12/16/17 and Warhawk Gym is billed for the service with terms of 2/10, n/eom. The gym asks that the floors be polished so Jack goes to Home Depot and buys equipment that costs $1200 and according to the salesman will probably last 24 months with $0 residual value. Jack pays cash.
December 16, 2017	After the graduation, Vic works 5 hours and Emelia worked 3 hours on the job. Vic works longer since he has to polish the floors.
December 17, 2017	Vic and Emelia work 3 hours each to clean up church after evening service and musical.
December 18, 2017	Linda receives payments from 12 of the weekly customers and 8 of the biweekly customers by end of the day.
December 19, 2017	Jack goes to Big Sparkle to purchase supplies for $1920 on account. Jack goes by Office Depot and purchases paper, ink, and coffee for office and pays $197 in cash.
December 21, 2017	Guardian Credit Union contracts with Jack to clean their office after their annual Christmas Open House on December 22, 2017. Jack receives $1500 for the job.
December 22, 2017	Jack purchases gas for the company truck at $48 and draws out $1500 from the business account since he needs to buy Christmas gifts for his family as well as pay monthly bills.
December 23, 2017	Vic and Emelia work 3 hours each to clean the bank office after the Christmas Open House.
December 24, 2017	Vic and Emelia work 4 hours each to clean up church after evening service and candlelight service. Wax from candles was hard to remove from the carpet and choir chairs.
December 25, 2017	Jack gives the office staff and cleaning crew both Christmas and the next day a paid holiday.
December 25, 2017	The customers billed on December 15, 2017 that did not take the discount wire their payments to the Deal Cleaning Corporation business account.
December 28, 2017	The Lane family asks Jack to send Vic out on Friday to deep clean their kitchen tile after they saw the Smith family tile after cleaning at the Smith Christmas party. Jack negotiates a price of $1750 since its last minute and asks that the bill be paid by end of month.
December 29, 2017	Vic performs the job for the Lane family by 5 pm.
December 29, 2017	Since December 31 is a holiday and January 1 is a holiday, Jack instructs Linda to go ahead and prepare and pay payroll (and act as if through 31st), bill customers, pays balances on accounts, performs adjusting and closing entries, and prepare monthly financials. Jack tells Linda that he has counted $2370 in supplies. Jack gives January 1 as a holiday. The Warhawk payment is also received on December 29.
December 31, 2017	Check Figures are Retained Earnings $10422 and Total Assets are $114255.