The following transactions took place during November, 20XX

1

Molly invested cash in business, $20,000.

1

Purchased (2) new ovens on account for $6,300. The ovens have estimated useful lives of 7 years. The ovens will be paid for in January, with no interest.

1

Molly paid rent for November and December, $3,000 total.

4

Purchased food supplies from Sammys Super Market on account, $2,000.

7

Deposited meal delivery fees, $3,400

10

Paid wages to kitchen workers, $2,000.

11

Purchased kitchen supplies with cash, $500.

14

Deposited meal delivery fees, $3,000.

15

Purchased food supplies from Sammys Super Market on account, $2,500.

21

Deposited meal delivery fees, $3,200.

24

Paid wages to kitchen workers, $2,050.

28

Deposited meal delivery fees, $3,050

30

Paid phone bill, $200.

30

Paid utilities bill, $500.

30

Molly Murphy withdrew cash for personal use, $3,000.

Adjustment information for the end of November is provided below.

(a)

Food supplies remaining on hand, $2050. Beginning balance was $2100

(b)

Kitchen supplies used during the month, $600. Beginning balance was $1200.

(c)

November rent was used.

(d)

Depreciation on the kitchen ovens for November, $75. All other ovens and kitchen equipment were fully depreciated earlier in the year.

(e)

Wages earned, but not yet paid at end of November, $950.

MOLLY'S MEAL DELIVERY SERVICE

INCOME STATEMENT

COMPLETE DATE

Revenues:

$ -

Expenses:

$ -

$ -

$ -

$ -

$ -

$ -

$ -

$ -

Total Expenses

$ -

Net Income

$ -

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

$ -

$ -

$ -

$ -

Liabilities

$ -

$ -

$ -

Owner's Equity

$ -

$ -

MOLLY'S MEAL DELIVERY SERVICE

POST CLOSING TRIAL BALANCE

COMPLETE DATE

ACCOUNT

ACCT NO.

DEBIT BAL

CREDIT BAL