USING THE GENERAL JOURNAL, MAKE THE FOLLOWING:

1. General Ledger

2. Trial Balance

3. Worksheet

4. Income Statement

5. Statement of Changes in Equity

6. Balance Sheet

7. Cash Flow Statement using Indirect Method

GENERAL JOURNAL IS GIVEN

CLASSIC AUTO REPAIR SERVICES GENERAL JOURNAL DATE ACCOUNTS TITLE AND EXPLANATION DEBIT CREDIT Jan. 4 Cash on hand 2,360.00 Account Receivable 2,360.00 Amount received in settlement of invoice no. 00298 Jan. 6 Cash on hand 8,470.00 Service income 8,470.00 Cash sales recorded Jan. 7 Account Receivable 10,350.00 Service Income 10,350.00 Sales made on credit Jan. 8 Cash in bank 10,830.00 Cash on hand 10,830.00 Cash and check deposited Jan. 9 Shop supplies inventory 15,500.00 Cash on hand 15,500.00 Cash purchase recorded Jan. 11 Account Receivable 9,020.00 Service Income 9,020.00 Being sales madeJan. 12 Cash on hand 8,690.00 Service Income 8,690.00 Cash sales recorded Jan. 13 Cash on hand 4,345.00 Cash in bank 5,000.00 Accounts Receivable 9,345.00 Payment received from Mindanao trucking services Jan. 14 Cash on hand 13,650.00 Service Income 13,650.00 Cash sales recorded Jan. 15 Cash in bank 31,685.00 Cash on hand 31,685.00 Cash and check deposited Jan. 16 M. Bombeo, Drawings 15,000.00 Cash in bank 15,000.00 Cash withdrawn for personal use Jan. 19 Accounts Payable 46,900.00 Cash in bank 46,900.00 Check Issued Jan. 20 Cash on Hand 14,950.00 Service Income 14,950.00Cash sales recorded Jan. 22 Cash in bank 14,950.00 Cash on hand 14,950.00 Cash and check deposited Jan. 25 Shop Supplies Inventory 8,300.00 Accounts Payable 8,300.00 Amount received in settlement of invoice no. Jan. 27 Cash on hand 10,000.00 Unearned Service Income 10,000.00 Amount received in settlement of invoice no. Jan. 28 Cash on hand 14,600.00 Service Income 14,600.00 Cash sales recorded Jan. 29 Cash in bank 24,600.00 Cash on hand 24,600.00 Cash and check deposited Accounts Receivable 13,200.00 Service Income 13,200.00 Being sales made Jan. 30 Salaries and Wages 15,160.00 Cash in bank 15,160.00Payroll for the month of January Jan. 31 Transportation Expense 870.00 Cash on hand 870.00 Reimbursement of cash