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The actual problem states: Record all transactions for your new moving company. Be mindful of how you think each particular transaction should affect the financial

The actual problem states:

Record all transactions for your new moving company. Be mindful of how you think each particular transaction should affect the financial statements.

1. Record your initial investment of $100,000

2.Record the energy bills.

3.Record all moving jobs that are listed on your moving calendar. You will record the sale, the contractor expense, and supplies expense for each job.

4.Record the two separate truck purchases and calculate depreciation for January, February, and March.

5.Record transactions from the leasing agreement.

>>>>>>>>>>The information below answers the above problem however I need all of the recorded information (below) to be turned into a formal income statement and balance sheet using any accounting software or template (EX; Quickbooks)

Initial investment of $100,000:

Debit,(Increase) Cash Account $100,000

Credit, (Increase) Shareholder's Equity Account-----$100,000

The cash account and Shareholder's Equity Account are Balance sheet accounts

To record the energy bills:

On 1/31/2019

Debit,(Increase) Electricity expense account $665.72

Credit, (Increase) Electricity Payable Account $665.72

When it is paid;

Debit,(Decrease) Electricity Payable Account $665.72

Credit, (Decrease) Cash Account -----------------------------$665.72

On 2/28/2019

Debit,(Increase) Electricity expense account $845.79

Credit, (Increase) Electricity Payable Account $845.79

When it is paid;

Debit,(Decrease) Electricity Payable Account $845.79

Credit, (Decrease) Cash Account -----------------------------$845.79

On 3/31/2019

Debit,(Increase) Energy expense account $795.83

Credit, (Increase) Electricity Payable Account $795.83

When it is paid;

Debit,(Decrease) Electricity Payable Account $795.83

Credit, (Decrease) Cash Account -----------------------------$795.83

Energy expense is an income statement account while the Electricity Payable is a balance sheet account

To record the sale

For January:

Debit,(Increase) Accounts Receivable Account $4,750

Credit,(Increase) Sales Account------------------------------$4,750

Note:This is the total for all jobs($1500+2200+300+$400+$350). For each Job, Record as follows; For example; charge for Sam Smith on 1/3/xxx

Debit, Debit,(Increase) Accounts Receivable Account $1,500

Credit,(Increase) Sales Account------------------------------$1,500

I have done the same with supplies Expense.

Their is no much information on Contract expense but for transactions on this;

Debit, Contract Expense account(Income statement item)

Credit, Cash account-decreases(if paid in cash ) or Accounts payable-increases(if on account) -both are balance sheet items as asset and liability respectively

To record Supplies Expense

Debit,(Increase) Supplies Expense Account----------------------------$850

Credit,(Increase) Cash Account(if paid) or Accounts Payable(if not paid)-----$850

For February:

Debit,(Increase) Accounts Receivable Account $7,650

Credit,(Increase) Sales Account------------------------------$7,650( Revenue item in the income statement)

To record Supplies Expense

Debit,(Increase) Supplies Expense Account----------------------------$1,400

Credit,(Increase) Cash Account(if paid) or Accounts Payable(if not paid)-----$1,400

For March:

Debit,(Increase) Accounts Receivable Account $3,800( Balance sheet item )

Credit,(Increase) Sales Account------------------------------$3,800( Revenue item in the income statement)

To record Supplies Expense

Debit,(Increase) Supplies Expense Account----------------------------$650

Credit,(Increase) Cash Account(if paid) or Accounts Payable(if not paid)-----$650

To record Purchase of Trucks

On 1/12/2019

Debit,(Increase) Trucks Account------------------$103,480

Credit,(Increase) Accounts Payable Account------------------$103,480

On 3/23/2019

Debit,(Increase) Trucks Account------------------$48,325

Credit,(Increase) Accounts Payable Account------------------$48,325

January

Debit, Depreciation Expense account $1,725(Depreciation expense is an income statement item as an expense)

Credit, Accumulated Depreciation $1,725--(The closing balance in Accumulated depreciation is recorded in the balance sheet)

To Record transactions from the leasing agreement

Debit, (Increase) Lease(Rent) Expense $1,000

Credit,(Increase) Lease(Rent) Payable -----------$1,000

Debit, (Increase) Lease(Rent) Receivable---$5,000

Credit,(Decrease) Cash account------------------------$5,000

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