This is what I have so far on my financial statement. Any feedback will be appreciated. Thanks

You decide to open up your very own moving company. After three months of business, you realize your current accounting system (throwing all your invoices and moving schedules into a drawer) is no longer working. Additionally, you would like to take out a loan from the bank to purchase more moving trucks and grow your fleet. In order to do that, you need accurate financial statements of your company to present to your loan officer. Record all transactions for your new moving company 1. Record your initial investment of $100,000 2. Record the energy bills (January, February, and March) 3. Record all moving jobs that are listed on your calendar (January, February, and March). 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 the leasing agreement Any trucks purchased will be depreciated over 12 years with no residual value. Depreciation is calculated at the end of each month. You have a 5 year loan on all the vehicles you purchase and the payment is due the 1st of every month. You pay your movers (you consider them contractors) at $20 per man hour for each moving job. They are paid at the end of each week. You do not owe payroll taxes on their wages. You expense the cost of supplies (boxes, tape, paper) for each job. The supply cost is listed for each job on the moving calendar. You pay your bills on the due date, not when received. You take full payment from the customers on the day of the move. ALL VALUES Initial Investment 100,000.00 Issued January 2,2018 Dewey Cheatem, & Howe Energy Company Date 1/31/2018 Due 2/15/2018 Amount Due $665.72 Date 2/28/2018 Due 3/15/2018 Amount Due $845.79 Date 3/31/2018 Due 4/15/2018 Amount Due $795.63 1/4/2018 Sam Smith - charge $1,500, man hours 12, supplies $200 1/6/2018 Camila Cabello - charge $300, man hours 2, supplies $50 1/9/2018 Nicki Minaj - charge $2,200, man hours 15, supplies $500 1/12/2018 G-Eazy - charge $400, man hours 2.5, supplies $50 1/28/2018 Imagine Dragons - charge $350, man hours 1.5, supplies $50 2/1/2018 Led Zeppelin - charge $1,500, man hours 12, supplies $300 2/4/2018 Pink Floyd - charge $650, man hours 5, supplies $50 2/16/2018 Aerosmith - charge $5,000, man hours 23, supplies $1,000 2/20/2018 The Who-charge $500, man hours 3, supplies $50 3/10/2018 Nirvana - charge $2,000, man hours 18, supplies $300 3/14/2018 Sonic Youth - charge $300, man hours 1.5, supplies $50 3/29/2018 Mumford & Sons - charge $1,500, man hours 12, supplies $300 1/12/2018 MOVING TRUCKS OF TEXAS, INC. Description Cost 2015 Isuzu NPR HD Box Truck $ 34,990 2014 Isuzu NPR HD Box Truck $ 35,995 2018 RAM Promaster 3500 Box truck $ 32,495 Total Due $ 103,480 3/23/2018 MOVING TRUCKS OF TEXAS, INC. 2012 Isuzu NPR $ 22,375 2012 Isuzu NPR HD $ 25,950 Total Due $ 48,325 From: Pioneer Leasing Regarding: Lease Term Dear You, This letter is to confirm the new lease terms that have been agreed upon. You are leasing the office space on 56 North Eldorado Way in Dallas, Texas 78545 from Pioneer Leasing for a lease term of 5 years beginning January 1, 20XX. On this date, you will begin paying monthly rent of $1,000, and this amount will be due on the first of each month. In addition to the monthly rent, you will pay us a deposit of $5,000 which will be returned to you once this lease has expired unless there are any damages to the lease space. We appreciate your business. Initial Investment 01/02/2019 $100,000 Cash Common Stock $100,000 01/31/2019 Energy Bills Utility Expenses Utility Payable $665.72 $665.72 02/15/2019 $665.62 Utility Payable Cash $665.72 02/28/2019 $845.79 Utility Expenses | Utility Payable $845.79 03/15/2019 $845.79 Utility Payable Cash $845.79 03/31/2019 $795.63 Utility Expenses Utility Payable $795.63 04/15/2019 $795.63 Utility Payable Cash $795.63 Moving Jobs 01/04/2019 $1,500 Cash Sale $1,500 01/04/2019 $240 Contractor Expense (12 x $20) Contractor Expense Payable $240 01/04/2019 $200 Supplies Expense Cash $200 01/06/2019 $300 Cash Sale $300 01/06/2019 $40 Contractor Expense (2 x $20) Contractor expense payable $40 01/06/2019 $40 Contractor Expense (2 x $20) Contractor expense payable $40 01/06/2019 Supplies Expense $50 Cash $50 EZ MOVING COMPANY 01/06/2019 $280 Contractor Expense Payable Cash $280 01/09/2019 $2,200 Cash Sale $2,200 01/09/2019 $300 Contractor Expense(15 x $20) Contractor expense payable $300 0109/2019 $500 Supplies Expense Cash $500 01/12/2019 $400 Cash Sale $400 01/12/2019 Contractor Expense (2.5 x $50 $20) Contractor Expense Payable $50 01/12/2019 $50 Supplies Expenses Cash $50 01/13/2019 $350 Contractor Expense Payable Cash $350 You decide to open up your very own moving company. After three months of business, you realize your current accounting system (throwing all your invoices and moving schedules into a drawer) is no longer working. Additionally, you would like to take out a loan from the bank to purchase more moving trucks and grow your fleet. In order to do that, you need accurate financial statements of your company to present to your loan officer. Record all transactions for your new moving company 1. Record your initial investment of $100,000 2. Record the energy bills (January, February, and March) 3. Record all moving jobs that are listed on your calendar (January, February, and March). 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 the leasing agreement Any trucks purchased will be depreciated over 12 years with no residual value. Depreciation is calculated at the end of each month. You have a 5 year loan on all the vehicles you purchase and the payment is due the 1st of every month. You pay your movers (you consider them contractors) at $20 per man hour for each moving job. They are paid at the end of each week. You do not owe payroll taxes on their wages. You expense the cost of supplies (boxes, tape, paper) for each job. The supply cost is listed for each job on the moving calendar. You pay your bills on the due date, not when received. You take full payment from the customers on the day of the move. ALL VALUES Initial Investment 100,000.00 Issued January 2,2018 Dewey Cheatem, & Howe Energy Company Date 1/31/2018 Due 2/15/2018 Amount Due $665.72 Date 2/28/2018 Due 3/15/2018 Amount Due $845.79 Date 3/31/2018 Due 4/15/2018 Amount Due $795.63 1/4/2018 Sam Smith - charge $1,500, man hours 12, supplies $200 1/6/2018 Camila Cabello - charge $300, man hours 2, supplies $50 1/9/2018 Nicki Minaj - charge $2,200, man hours 15, supplies $500 1/12/2018 G-Eazy - charge $400, man hours 2.5, supplies $50 1/28/2018 Imagine Dragons - charge $350, man hours 1.5, supplies $50 2/1/2018 Led Zeppelin - charge $1,500, man hours 12, supplies $300 2/4/2018 Pink Floyd - charge $650, man hours 5, supplies $50 2/16/2018 Aerosmith - charge $5,000, man hours 23, supplies $1,000 2/20/2018 The Who-charge $500, man hours 3, supplies $50 3/10/2018 Nirvana - charge $2,000, man hours 18, supplies $300 3/14/2018 Sonic Youth - charge $300, man hours 1.5, supplies $50 3/29/2018 Mumford & Sons - charge $1,500, man hours 12, supplies $300 1/12/2018 MOVING TRUCKS OF TEXAS, INC. Description Cost 2015 Isuzu NPR HD Box Truck $ 34,990 2014 Isuzu NPR HD Box Truck $ 35,995 2018 RAM Promaster 3500 Box truck $ 32,495 Total Due $ 103,480 3/23/2018 MOVING TRUCKS OF TEXAS, INC. 2012 Isuzu NPR $ 22,375 2012 Isuzu NPR HD $ 25,950 Total Due $ 48,325 From: Pioneer Leasing Regarding: Lease Term Dear You, This letter is to confirm the new lease terms that have been agreed upon. You are leasing the office space on 56 North Eldorado Way in Dallas, Texas 78545 from Pioneer Leasing for a lease term of 5 years beginning January 1, 20XX. On this date, you will begin paying monthly rent of $1,000, and this amount will be due on the first of each month. In addition to the monthly rent, you will pay us a deposit of $5,000 which will be returned to you once this lease has expired unless there are any damages to the lease space. We appreciate your business. Initial Investment 01/02/2019 $100,000 Cash Common Stock $100,000 01/31/2019 Energy Bills Utility Expenses Utility Payable $665.72 $665.72 02/15/2019 $665.62 Utility Payable Cash $665.72 02/28/2019 $845.79 Utility Expenses | Utility Payable $845.79 03/15/2019 $845.79 Utility Payable Cash $845.79 03/31/2019 $795.63 Utility Expenses Utility Payable $795.63 04/15/2019 $795.63 Utility Payable Cash $795.63 Moving Jobs 01/04/2019 $1,500 Cash Sale $1,500 01/04/2019 $240 Contractor Expense (12 x $20) Contractor Expense Payable $240 01/04/2019 $200 Supplies Expense Cash $200 01/06/2019 $300 Cash Sale $300 01/06/2019 $40 Contractor Expense (2 x $20) Contractor expense payable $40 01/06/2019 $40 Contractor Expense (2 x $20) Contractor expense payable $40 01/06/2019 Supplies Expense $50 Cash $50 EZ MOVING COMPANY 01/06/2019 $280 Contractor Expense Payable Cash $280 01/09/2019 $2,200 Cash Sale $2,200 01/09/2019 $300 Contractor Expense(15 x $20) Contractor expense payable $300 0109/2019 $500 Supplies Expense Cash $500 01/12/2019 $400 Cash Sale $400 01/12/2019 Contractor Expense (2.5 x $50 $20) Contractor Expense Payable $50 01/12/2019 $50 Supplies Expenses Cash $50 01/13/2019 $350 Contractor Expense Payable Cash $350