Question
Need the Income statement, Owners Equity Balance sheet statement Need for a project the following: 1- journal entries, ledger for one account. August 1: Fahed
Need the Income statement, Owners Equity Balance sheet statement
Need for a project the following:
1- journal entries, ledger for one account.
August 1: Fahed invested 500,000 in a new business called Fahed Fixes Fast Cars.
August 2: Fahed transferred some mechanic tools worth 15,000 from his home to the business.
August 4: The business purchased repair equipment valued at 70,000 on account from Tools R Us
August 5: The business purchased mechanic tools for 25,000 in cash.
August 6: The business wrote check 101 for 6,000 for rent of the mechanic shop.
August 10: The business received its first customer and made a minor repair for a customers car for 5,000 in cash.
2- trail balance, OE, Income, Balance sheet.
August 11: The business repaired a car for 14,000 on account for customer Kobe Bryant.
August 12: The business wrote check 102 in the amount of 10,000 as partial payment for the repair equipment purchased on August 4th from Tools R Us.
August 14: The business wrote check 103 in the amount of 4,800 for the insurance bill for the month.
August 15: The business repaired a customers car for 19,200 on account for customer Derek Jeter.
August 20: The business received a check in the amount of 8,500 as partial payment for the repairs previously made for customer Kobe Bryant on August 11th.
August 21: The business paid the employee salaries for $12,000 in cash.
August 22: Fahed withdrew $4,000 in cash for personal use.
August 23: The business repaired a customers car for $7,800 in cash.
August 24: The business received full payment for the repairs made for Derek Jeter on August 15th.
August 25: The business received a check for $5,500 for the repairs previously provided on account for customer Kobe Bryant to complete the partial payment on August 20.
August 27: The business paid in cash for $ 8,000 for repair equipment purchased on account for Tools R Us on August 12.
August 28 : The business wrote a check 104 for $2,450 to purchase office supplies.
August 29 : The business paid an electricity bill for $4,700 in cash.
August 31: The business repaired a car of $ 11,000 on account for the costumer Tom Brady.
Please I need it as Word file, text or excel sheet, don't post the answer as pic.
Date | Particulars | Debit | Credit |
06.08.2019 | Rent Expense A/c | 6,000 | |
Bank A/c | 6,000 | ||
(Paid Rent Expense by check) | |||
10.08.2019 | Cash A/c | 5,000 | |
Service Revenue A/c | 5,000 | ||
(Received cash from service) | |||
11.08.2019 | KobBrayat A/c | 14,000 | |
Service Revenue A/c | 14,000 | ||
(Credit service occurred) | |||
12.08.2019 | Tool R Us A/c | 10,000 | |
Bank A/c | 10,000 | ||
(issue check for the payment) | |||
14.08.2019 | Insurance Charges A/c | 4,800 | |
Bank A/c | 4,800 | ||
(Issue check for the insurance) | |||
15.08.2019 | Derek Jeter A/c | 19,200 | |
Service Revenue A/c | 19,200 | ||
(Credit Service Occurred) | |||
20.08.2019 | Bank A/c | 8,500 | |
KobBrayat A/c | 8,500 | ||
(Received check) | |||
21.08.2019 | Salary A/c | 12,000 | |
Cash A/c | 12,000 | ||
(Paid Salaries) | |||
22.08.2019 | Drawings A/c | 4,000 | |
Cash A/c | 4,000 | ||
(Withdraw for personal use) | |||
23.08.2019 | Cash A/c | 7,800 | |
Service Revenue A/c | 7,800 | ||
(Cash Service occurred) | |||
24.08.2019 | Cash A/c | 19,200 | |
Derek Jeter A/c | 19,200 | ||
(Cash received from debtors) | |||
25.08.2019 | Bank A/c | 5,500 | |
KobBrayat A/c | 5,500 | ||
(Full amount paid) | |||
27.08.2019 | Tools R Us a/c | 8,000 | |
Cash | 8,000 | ||
(Paid check) | |||
28.08.2019 | Office Supplies A/c | 2,450 | |
Bank A/c | 2,450 | ||
(Expense incurrd) | |||
29.08.2019 | Electricity charges A/c | 4,700 | |
Cash A/c | 4,700 | ||
(Paid Expense) | |||
31.08.2019 | Tom Brady A/c | 11,000 | |
Service Revenue A/c | 11,000 | ||
(Credit service occurred) |
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