Need help doing these 4 new transactions. Continuing what i've already done from the first set of transactions(Acct121).

Please help assignment due 6/24/17 at 11pm mt.

GENERAL JOURNAL DATE DESCRIPTION 1-May Cash Page POST. REF. 101 DEBIT CREDIT 20,000 301 Owner's Capital 2-May Equipment 20,000 150 Cash 101 Notes Payable 220 7,000 3,500 3,500 5-May Equipment 150 500 Equipment 150 300 Cash 101 6-May Prepaid Insurance 800 201 Cash 600 101 600 7-May No Entry No Entry 8-May Advertising Expense Cash 650 101 16-May Cash Accounts Receivable Lawn Services Revenue 23-May Cash Accounts Receivable 500 110 100 401 700 110 400 26-May Repair and Maintenance Expenses 640 Accounts Receivable Lawn Services Revenue 31-May Cash GENERAL JOURNAL DESCRIPTION 06/24/2017 75 75 101 800 110 200 401 1,000 101 Accounts Receivable Cash 1,100 101 30-May Cash 31-May Fuel Expense 600 101 402 Cash 50 101 Lawn Services Revenue DATE 50 500 110 500 Page POST. REF. 630 305 DEBIT CREDIT 400 400 31-May Owner's Withdrawings Cash 06/24/2017 305 1,500 1,500 06/24/2017 06/24/2017 SU17 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 F59 06/24/2017 GENERAL LEDGER ACCOUNT Cash DATE ACCOUNT NO. DESCRIPTION POST REF. DEBIT CREDIT BALANCE Debit ### 1-May Owner's Investment 2-May Purchases Truck 5-May Purchases equipment 6-May Pre-Paid Insurance 8-May Advertising 16-May Lawn-Service Revenue 23-May Lawn-Service Revenue 26-May Pays for Maintence 30-May Lawn-Service Revenue 31-May Payment on Account Receivable 31-May Payment on fuel expense 31-May Personal expense ACCOUNT 20,000 3,500 800 600 50 500 700 75 800 500 400 1,500 Accounts Receivable DATE DESCRIPTION ACCOUNT NO. POST REF. 2014 16-May Lawn-Service Revenue 23-May Lawn-Service Revenue 30-May Lawn-Service Revenue 31-May Payment on Account Receivable ACCOUNT DATE 20,000 16,500 15,700 15,100 15,050 15,550 16,250 16,175 16,975 17,475 17,075 15,575 DEBIT CREDIT 100 400 200 500 Supplies BALANCE Debit 100 500 700 200 ACCOUNT NO. DESCRIPTION POST REF. DEBIT CREDIT BALANCE Debit 2014 ACCOUNT DATE Prepaid Insurance DESCRIPTION 2014 6-May Prepaid Insurance 06/24/2017 ACCOUNT NO. POST REF. DEBIT 600 CREDIT BALANCE Debit ACCOUNT DATE Equipment ACCOUNT NO. DESCRIPTION POST REF. 2014 2-May Purchases Truck 5-May Purchases Lawn mower 5-May Purchases Aerator ACCOUNT DATE DEBIT CREDIT 7,000 500 300 7,000 7,500 7,800 Accumulated Depreciation - Equipment DESCRIPTION POST REF. BALANCE Debit ACCOUNT NO. DEBIT CREDIT BALANCE Debit 2014 ACCOUNT DATE Accounts Payable DESCRIPTION ACCOUNT NO. POST REF. DEBIT CREDIT BALANCE Debit 2014 ACCOUNT DATE Notes Payable DESCRIPTION 2014 2-May Notes Payable ACCOUNT 06/24/2017 Interest Payable ACCOUNT NO. POST REF. DEBIT CREDIT BALANCE Debit 3,500 ACCOUNT NO. DATE DESCRIPTION POST REF. DEBIT CREDIT BALANCE Debit 2014 ACCOUNT Owner's Capital DATE DESCRIPTION ACCOUNT NO. POST REF. DEBIT 2014 2-May Investment ACCOUNT DATE DATE Owner's Drawing DESCRIPTION ACCOUNT NO. POST REF. DEBIT DATE 2014 06/24/2017 CREDIT 1,500 DESCRIPTION ACCOUNT NO. POST REF. DEBIT CREDIT BALANCE Debit 600 1,100 1,000 Supplies Expense DESCRIPTION BALANCE Debit 1,500 Lawn Service Revenue 2014 16-May Lawn Services Revenue 23-May Lawn Services Revenue 30-May Lawn Services Revenue ACCOUNT BALANCE Debit 20,000 2014 31-May Owner withdrawing ACCOUNT CREDIT ACCOUNT NO. POST REF. DEBIT CREDIT BALANCE Debit ACCOUNT DATE Fuel Expense DESCRIPTION ACCOUNT NO. POST REF. 2014 31-May Fuel Expense ACCOUNT DATE DEBIT 400 DESCRIPTION DATE ACCOUNT NO. POST REF. DEBIT 75 DATE 2014 06/24/2017 75 POST REF. DEBIT CREDIT 50 BALANCE Debit 50 Insurance Expense DESCRIPTION BALANCE Debit ACCOUNT NO. 2014 8-May Advertising Expense ACCOUNT CREDIT Advertising Expense DESCRIPTION BALANCE Debit 400 Repair and Maintenance Expense 2014 26-May Maintenance Expense ACCOUNT CREDIT ACCOUNT NO. POST REF. DEBIT CREDIT BALANCE Debit ACCOUNT DATE Depreciation Expense DESCRIPTION ACCOUNT NO. POST REF. DEBIT CREDIT BALANCE Debit 2014 ACCOUNT DATE 2014 06/24/2017 Interest Expense DESCRIPTION ACCOUNT NO. POST REF. DEBIT CREDIT BALANCE Debit 101 Credit SU17 110 Credit 120 Credit 130 Credit 06/24/2017 150 Credit 155 Credit 201 Credit 220 Credit 3,500 225 06/24/2017 Credit 301 Credit 20,000 305 Credit 401 Credit 600 1,700 2,700 620 Credit 06/24/2017 630 Credit 640 Credit 650 Credit 660 Credit 06/24/2017 670 Credit 680 Credit 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 G18 06/24/2017 06/24/2017 06/24/2017 BILL'S LAWNCARE SERVICE TRIAL BALANCE May 31, 2014 Debit Cash Accounts Receivable Prepaid Insurance Equipment Notes Payable Owner's Capital Owner's Drawings Lawn Service Revenue Fuel Expense Repair and Maintenance Expense Advertising Expense $ 15,575 200 600 7,800 3,500 20,000 1,500 2,700 400 75 50 $ 06/24/2017 Credit 26,200 $ 26,200 Bill's Lawn Care Module 2 Mini Practice Problem Bill has asked you to prepare financial statements for his first month of operation. The following information relates to the month of May, 2014. (Round all calculations to the nearest whole dollar) 1. On May 2, Bill signed a 1 year, 6% note for $3,500 associated with the purchase of a used truck for the business. The interest will be due with the principle of the note. 2. On May 2, Bill purchased a used truck for $7,000 to use for the lawn care business. He estimates a trade-in value of $500 at the end of the estimated five-year life of the truck. 3. On May 5, Bill purchased a lawn mower for $300 and an aerator for $500. He estimates $0 salvage value for both pieces of equipment and an estimated two-year life for both. 4. On May 6, Bill writes a $600 check for a six month insurance policy that expires October 31, 2014. Instructions: 1. Using the chart of accounts provided, and the Excel template provided with this assignment, record the adjustments in the Worksheet, calculate the adjusted trial balance and complete the worksheet. 2. Prepare the Income Statement, Statement of Owner's Capital and Balance Sheet for Bill's Lawn Care for May, 2014 3. Prepare journal entries, in good form, to record the May adjusting entries. Explanations are optional. Start with Page 3 of the General Journal for the adjusting entries. 4. Post the journal entries to general ledger accounts. There are already transactions in the ledger for the month, you are adding to those transactions. 5. Prepare and post the closing entries for May, 2014. Start with Page 4 of the General Journal for the closing entries 6. Prepare a post-closing trial balance as of May 31, 2014, for Bill's Lawn Care. Classification ASSETS LIABILITIES OWNER'S EQUITY REVENUES EXPENSES Bill's Lawn Care Chart of Accounts Account Number Account Name 101 Cash 110 Accounts Receivable 120 Supplies 130 Prepaid Insurance 150 Equipment 155 Accumulated Depreciation - Equipment 201 Accounts Payable 220 Notes Payable 225 Interest Payable 301 Owner's Capital 305 310 401 620 630 640 650 660 670 680 Owner's Drawings Income Summary Lawn Service Revenue Supplies Expense Fuel Expense Repair and Maintenance Expense Advertising Expense Insurance Expense Depreciation Expense Interest Expense WORKSHEET Trial Balance SU17 Account Name Totals Net Income Totals Debit Adjustments Credit - Debit - Adjusted Trial Balance Credit - Debit - Income Statement Credit - Debit - Balance Sheet Credit Debit Credit - - - - - - - - INCOME STATEMENT SU17 OWNER'S EQUITY STATEMENT SU17 BALANCE SHEET SU17 GENERAL JOURNAL DATE DESCRIPTION Page POST. REF. DEBIT CREDIT SU17 GENERAL JOURNAL DATE 06/24/2017 DESCRIPTION Page POST. REF. DEBIT CREDIT 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 E30 06/24/2017 GENERAL LEDGER ACCOUNT Cash ACCOUNT NO. BALANCE DATE DESCRIPTION 2014 May 1 2 3 6 8 16 23 26 30 31 31 31 ACCOUNT REF. J1 J1 J1 J1 J1 J1 J1 J2 J2 J2 J2 J2 DEBIT CREDIT 20,000 3,500 800 600 50 500 700 75 800 500 400 1,500 Accounts Receivable Debit 20,000 16,500 15,700 15,100 15,050 15,550 16,250 16,175 16,975 17,475 17,075 15,575 ACCOUNT NO. BALANCE DATE DESCRIPTION 2014 May 16 23 30 31 ACCOUNT REF. J1 J1 J2 J2 DEBIT CREDIT Debit 100 400 200 100 500 700 200 500 Supplies ACCOUNT NO. BALANCE DATE ACCOUNT DESCRIPTION REF. DEBIT CREDIT Prepaid Insurance Debit ACCOUNT NO. BALANCE DATE 2014 May 6 06/24/2017 DESCRIPTION REF. J1 DEBIT 600 CREDIT Debit 600 ACCOUNT Equipment ACCOUNT NO. BALANCE DATE DESCRIPTION 2014 May 2 3 ACCOUNT REF. J1 J1 DEBIT CREDIT 7,000 800 Debit 7,000 7,800 Accumulated Depreciation - Equipment ACCOUNT NO. BALANCE DATE DESCRIPTION REF. DEBIT CREDIT Debit 2014 ACCOUNT Accounts Payable ACCOUNT NO. BALANCE DATE ACCOUNT DESCRIPTION REF. DEBIT CREDIT Notes Payable Debit ACCOUNT NO. BALANCE DATE 2014 May 2 06/24/2017 DESCRIPTION REF. J1 DEBIT CREDIT 3,500 Debit ACCOUNT Interest Payable ACCOUNT NO. BALANCE DATE DESCRIPTION REF. DEBIT CREDIT Debit 2014 ACCOUNT Owner's Capital ACCOUNT NO. BALANCE DATE DESCRIPTION 2014 May 1 ACCOUNT REF. DEBIT J1 CREDIT Debit 20,000 Owner's Drawing ACCOUNT NO. BALANCE DATE DESCRIPTION 2014 May 31 ACCOUNT REF. J2 DEBIT CREDIT 1,500 Debit 1,500 Income Summary ACCOUNT NO. BALANCE DATE DESCRIPTION REF. DEBIT CREDIT Debit 2014 ACCOUNT Lawn Service Revenue ACCOUNT NO. BALANCE DATE 2014 06/24/2017 DESCRIPTION REF. DEBIT CREDIT Debit May 16 23 30 ACCOUNT J1 J1 J2 600 1,100 1,000 Supplies Expense ACCOUNT NO. BALANCE DATE ACCOUNT DESCRIPTION REF. DEBIT CREDIT Fuel Expense Debit ACCOUNT NO. BALANCE DATE DESCRIPTION 2014 May 31 ACCOUNT REF. J2 DEBIT CREDIT Debit 400 400 Repair and Maintenance Expense ACCOUNT NO. BALANCE DATE DESCRIPTION 2014 May 26 ACCOUNT REF. DEBIT J2 CREDIT Debit 75 75 Advertising Expense ACCOUNT NO. BALANCE DATE 2014 May 8 06/24/2017 DESCRIPTION REF. J1 DEBIT CREDIT 50 Debit 50 ACCOUNT Insurance Expense ACCOUNT NO. BALANCE DATE DESCRIPTION REF. DEBIT CREDIT Debit 2014 ACCOUNT Depreciation Expense ACCOUNT NO. BALANCE DATE DESCRIPTION REF. DEBIT CREDIT Debit 2014 ACCOUNT Interest Expense ACCOUNT NO. BALANCE DATE 2014 06/24/2017 DESCRIPTION REF. DEBIT CREDIT Debit 101 Credit SU17 110 Credit 120 Credit 130 Credit 06/24/2017 150 Credit 155 Credit 201 Credit 220 Credit 3,500 06/24/2017 225 Credit 301 Credit 20,000 305 Credit 310 Credit 401 Credit 06/24/2017 600 1,700 2,700 620 Credit 630 Credit 640 Credit 650 Credit 06/24/2017 660 Credit 670 Credit 680 Credit 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 06/24/2017 G19 06/24/2017 06/24/2017 06/24/2017 POST CLOSING TRIAL BALANCE SU17 Debit $ 06/24/2017 Credit - $