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Journal Entries: 1/1/2020 Debit: Cash $100,000 Credit: Owner's Equity $100,000 1/2/2020 Debit: Vehicles $20,000 Credit: Cash $20,000 1/5/2020 Debit: Extermination Equipment $5,000 Credit: Cash $5,000

Journal Entries:

1/1/2020

Debit: Cash $100,000

Credit: Owner's Equity $100,000

1/2/2020

Debit: Vehicles $20,000

Credit: Cash $20,000

1/5/2020

Debit: Extermination Equipment $5,000

Credit: Cash $5,000

1/6/2020

Debit: Supplies $400

Credit: Cash $400

1/17/2020

Debit: Cash $3,500

Credit: Service Revenue $3,500

1/28/2020

Debit: Cash $30,000

Credit: Bank Loan $30,000

2/1/2020

Debit: Prepaid Insurance $2,300

Credit: Cash $2,300

2/8/2020

Debit: Owner's Withdrawal $2,500

Credit: Cash $2,500

2/19/2020

Debit: Accounts Receivable $15,000

Credit: Service Revenue $15,000

2/21/2020

Debit: Supplies $20,000

Credit: Cash $20,000

3/18/2020

Debit: Gifts and Entertainment $200

Credit: Cash $200

3/28/2020

Debit: Marketing Expenses $1,200

Credit: Cash $1,200

4/15/2020

Debit: Income Tax Expense $3,000

Credit: Cash $3,000

5/1/2020

Debit: Cash $2,000

Credit: Service Revenue $2,000

5/18/2020

Debit: Meals and Entertainment $200

Credit: Cash $200

6/15/2020 & 6/30/2020

Debit: Owner's Withdrawal ($2,000 + $4,000)

Credit: Cash ($2,000 + $4,000)

7/28/2020

Debit: Supplies $2,000

Credit: Cash $2,000

8/2/2020

Debit: Cash ($15,000 + $2,000)

Credit: Accounts Receivable $15,000

Credit: Other Income - Late Fee $2,000

9/1/2020 to 12/31/2020 (Paying rent and salary 4 times in this period)

Debit: Rent Expense ($3,000 * 4)

Credit: Cash ($3,000 * 4)

Debit: Salaries Expense ($3,000 * 4)

Credit: Cash ($3,000 * 4)

10/15/2020

Debit: Cash $150,000

Credit: Service Revenue $150,000

12/9/2020

Debit: Supplies $3,000

Credit: Cash $3,000

12/31/2020

Debit: Cost of Goods Sold ($20,400 + $2,000 + $3,000 - $4,000)

Credit: Supplies ($20,400 + $2,000 + $3,000 - $4,000)

Debit: Owner's Withdrawal $120,000

Credit: Cash $120,000

Using the above journal entries, How can I create a Balance Sheet and Income Statement? Thank you.

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