Molly's Meal Delivery Service Molly's Meal Delivery service has been in business for seven years. The Chart of Accounts is below They provide "home-cooked" meals for corporate events as well as individual needs Molly's operates with a December 31, 20XX financial year-end Chart of Accounts Assets 101 140 145 150 175 175.1 176 176.1 Cash Food Supplies Kitchen Supplies Prepaid Rent Ovens Accum. Depr Kitchen Equipment Accum. Depr - Kitchen Equipment Ovens Liabilities 201 210 Accounts Payable Wages Payable Owner's Equity 301 302 Molly Murphy, Capital Molly Murphy, Drawing Revenues 401 Meal Delivery Revenue Food supplies remaining on hand, $2050 Beginning balance was $2100 Kitchen supplies used during the month, $800 Beginning balance was $1200 November rent was used Depreciation on the kitchen ovens for November, $75. All other ovens and kitchen equipment were fully depreciated earier in the year Wages earned, but not yet paid at end of November, $950 10 MOLLY'S MEAL DELIVERY SERVICE INCOME STATEMENT COMPLETE DATE Revenues: Expenses: Total Expenses Net Income #VALUE! MOLLY'S MEAL DELIVERY SERVICE STATEMENT OF OWNER'S EQUITY COMPLETE DATE Increase/Decrease in Capital MOLLY'S MEAL DELIVERY SERVICE BALANCE SHEET COMPLETE DATE Assets Less: Accum. Depr- Ovens S Liabilities Owner's Equity MOLLY'S MEAL DELIVERY SERVICE POST CLOSING TRIAL BALANCE COMPLETE DATE ACCOUNT DEBIT BAL CREDIT BAL ACCT NO. Molly's Meal Delivery Service Molly's Meal Delivery service has been in business for seven years. The Chart of Accounts is below They provide "home-cooked" meals for corporate events as well as individual needs Molly's operates with a December 31, 20XX financial year-end Chart of Accounts Assets 101 140 145 150 175 175.1 176 176.1 Cash Food Supplies Kitchen Supplies Prepaid Rent Ovens Accum. Depr Kitchen Equipment Accum. Depr - Kitchen Equipment Ovens Liabilities 201 210 Accounts Payable Wages Payable Owner's Equity 301 302 Molly Murphy, Capital Molly Murphy, Drawing Revenues 401 Meal Delivery Revenue Food supplies remaining on hand, $2050 Beginning balance was $2100 Kitchen supplies used during the month, $800 Beginning balance was $1200 November rent was used Depreciation on the kitchen ovens for November, $75. All other ovens and kitchen equipment were fully depreciated earier in the year Wages earned, but not yet paid at end of November, $950 10 MOLLY'S MEAL DELIVERY SERVICE INCOME STATEMENT COMPLETE DATE Revenues: Expenses: Total Expenses Net Income #VALUE! MOLLY'S MEAL DELIVERY SERVICE STATEMENT OF OWNER'S EQUITY COMPLETE DATE Increase/Decrease in Capital MOLLY'S MEAL DELIVERY SERVICE BALANCE SHEET COMPLETE DATE Assets Less: Accum. Depr- Ovens S Liabilities Owner's Equity MOLLY'S MEAL DELIVERY SERVICE POST CLOSING TRIAL BALANCE COMPLETE DATE ACCOUNT DEBIT BAL CREDIT BAL ACCT NO
