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    Acr4 3

    Uploaded by

    rhyayuli
    For the month of August 2020: - Total revenue was $7,360 from service revenue and $20 from interest revenue. - Total expenses were $8,880 consisting of salaries and wages expense of $6,140, rent expense of $380, supplies expense of $870, depreciation expense of $320, and advertising expense of $200. - The net loss for the period was $1,500.

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    © All Rights Reserved
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    Acr4 3

    Uploaded by

    rhyayuli
    4K views22 pages
    For the month of August 2020: - Total revenue was $7,360 from service revenue and $20 from interest revenue. - Total expenses were $8,880 consisting of salaries and wages expense of $6,140, rent expense of $380, supplies expense of $870, depreciation expense of $320, and advertising expense of $200. - The net loss for the period was $1,500.

    Original Title

    ACR4.3

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    © © All Rights Reserved

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    For the month of August 2020: - Total revenue was $7,360 from service revenue and $20 from interest revenue. - Total expenses were $8,880 consisting of salaries and wages expense of $6,140, rent expense of $380, supplies expense of $870, depreciation expense of $320, and advertising expense of $200. - The net loss for the period was $1,500.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    4K views22 pages

    Acr4 3

    Uploaded by

    rhyayuli
    For the month of August 2020: - Total revenue was $7,360 from service revenue and $20 from interest revenue. - Total expenses were $8,880 consisting of salaries and wages expense of $6,140, rent expense of $380, supplies expense of $870, depreciation expense of $320, and advertising expense of $200. - The net loss for the period was $1,500.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 22

    Cash Account Receivable

    1-Aug 6,040 1-Aug 400 1-Aug 2,910 5-Aug 1200


    5-Aug 1,200 3-Aug 380 27-Aug 3760
    12-Aug 2,800 10-Aug 3120
    29-Aug 780 20-Aug 2000
    25-Aug 2900

    10,820 8,800 6,670 1,200


    2,020 5,470

    Accounts Payable Unearned Service Revenue


    20-Aug 2000 1-Aug 2300 1-Aug 1,260
    15-Aug 2000 29-Aug 780
    22-Aug 800

    2000 5100 0 2040


    3100 2040

    Owner's Capital Service Revenue


    1-Aug 18,400 12-Aug 2800
    27-Aug 3760

    18400 0 6560
    18400 6560
    Notes Receivable Supplies
    1-Aug 4,000 1-Aug 1,030
    22-Aug 800

    4,000 - 1,830 -
    4,000 1,830

    Salaries and Wages Payable


    10-Aug 1420 1-Aug 1,420

    1420 1420
    0

    Rent Expense Salaries and Wages Expense


    3-Aug 380 10-Aug 1700
    25-Aug 2900

    380 0 4600 0
    380 4600
    Equipment Accumulated Depreciation - Equipment
    1-Aug 10,000 1-Aug 600
    15-Aug 2000

    12,000 - - 600
    12,000 600
    Prepaid Advertising
    1-Aug 400

    400 -
    400
    Date Account Debit Kredit
    Aug 01 Prepaid Advertising 400
    Cash 400
    Aug 03 Rent Expense 380
    Cash 380
    Aug 05 Cash 1,200
    Account Receivable 1,200
    Aug 10 Salaries and Wages Expense 1,700
    Salaries and Wages Payable 1,420
    Cash 3,120
    Aug 12 Cash 2,800
    Service Revenue 2,800
    Aug 15 Equipment 2,000
    Account Payable 2,000
    Aug 20 Account Payable 2,000
    Cash 2,000
    Aug 22 Supplies 800
    Account Payable 800
    Aug 25 Salaries and Wages Expense 2,900
    Cash 2,900
    Aug 27 Account Receivable 3,760
    Service Revenue 3,760
    Aug 29 Cash 780
    Unearned Service Revenue 780
    B&B Repair Services
    Trial Balance
    August 31, 2020
    Debit Credit
    Cash 2,020
    Account Receivable 5,470
    Notes Receivable 4,000 240 20
    Supplies 1,830 960 870
    Equipment 12,000
    Accumulated Depreciation - Equipment 600
    Prepaid Advertising 400
    Accounts Payable 3,100
    Unearned Service Revenue 2,040
    Salaries and Wages Payable -
    Owner's Capital 18,400
    Service Revenue 6,560
    Salaries and Wages Expense 4600
    Rent Expense 380
    30,700 30,700
    No. Account Debit Kredit
    1 Supplies Expense 870
    Supplies 870
    2 Salaries and Wages Expense 1,540
    Salaries and Wages Payable 1,540
    3 Depreciation Expense 320
    Accumulated Depreciation - Equipment 320
    4 Unearned Service Revenue 800
    Service Revenue 800
    5 Advertising Expense 200
    Prepaid Advertising 200
    6 Interest Receivable 20
    Interest Revenue 20
    Cash Account Receivable
    1-Aug 6,040 1-Aug 400 1-Aug 2,910 5-Aug 1200
    5-Aug 1200 3-Aug 380 27-Aug 3760
    12-Aug 2800 10-Aug 3120
    29-Aug 780 20-Aug 2000
    25-Aug 2900

    10,820 8,800 6,670 1,200


    2,020 5,470

    Accounts Payable Unearned Service Revenue


    20-Aug 2000 1-Aug 2300 31-Aug 800 1-Aug 1,260
    15-Aug 2000 29-Aug 780
    22-Aug 800

    2000 5100 800 2040


    3100 1240

    Owner's Capital Service Revenue


    1-Aug 18,400 12-Aug 2800
    27-Aug 3760
    31-Aug 800

    18400 0 7360
    18400 7360
    Notes Receivable Interest Receivable
    1-Aug 4,000 31-Aug 20

    4,000 - 20 -
    4,000 20

    Salaries and Wages Payable


    10-Aug 1420 1-Aug 1,420
    31-Aug 1540

    1420 2960
    1540

    Interest Revenue Rent Expense


    31-Aug 20 3-Aug 380

    0 20 380 0
    20 380
    Supplies Equipment
    1-Aug 1,030 31-Aug 870 1-Aug 10,000
    22-Aug 800 15-Aug 2000

    1,830 870 12,000 -


    960 12,000

    Salaries and Wages Expense Supplies Expense


    10-Aug 1700 31-Aug 870
    25-Aug 2900
    31-Aug 1540

    6140 0 870 0
    6140 870
    Accumulated Depreciation - Equipment Prepaid Advertising
    1-Aug 600 1-Aug 400 31-Aug 200
    31-Aug 320

    - 920 400 200


    920 200

    Depreciation Expense Advertising Expense


    31-Aug 320 31-Aug 200

    320 0 200 0
    320 200
    B&B Repair Services
    Trial Balance
    August 31, 2020
    Debit Credit
    Cash 2,020
    Account Receivable 5,470
    Notes Receivable 4,000
    Interest Receivable 20
    Supplies 960
    Equipment 12,000
    Accumulated Depreciation - Equipment 920
    Prepaid Advertising 200
    Accounts Payable 3,100
    Unearned Service Revenue 1,240
    Salaries and Wages Payable 1,540
    Owner's Capital 18,400
    Service Revenue 7,360
    Interest Revenue 20
    Rent Expense 380
    Salaries and Wages Expense 6140
    Supplies Expense 870
    Depreciation Expense 320
    Advertising Expense 200
    32,580 32,580
    B&B Repair Services
    Income Statement
    For The Month Ended August 31, 2020
    Revenue
    Service Revenue 7,360
    Interest Revenue 20
    Total Revenue 7,380
    Expense
    Rent Expense 380
    Salaries and Wages Expense 6140
    Supplies Expense 870
    Depreciation Expense 320
    Advertising Expense 200
    Total Expense 7,910
    Net Income (loss) (530)
    B&B Repair Services
    Owner's Equity Statement
    For The Month Ended August 31, 2020

    Owner's capital, August 1 18,400


    Add: Investments 0
    18,400
    Net Income (530)
    17,870
    Owner's drawing 0
    Owner's capital, August 31 17,870
    B&B Repair Services
    Statement of Financial Position
    August 31, 2020
    Assets
    Cash 2,020
    Account Receivable 5,470
    Notes Receivable 4,000
    Interest Receivable 20
    Supplies 960
    Equipment 12,000
    Accumulated Depreciation - Equipment (920)
    Prepaid Advertising 200
    Total Assets 23,750

    Owner's Equity and Liabilities


    Owner's Equity
    Owner's Capital 17,870

    Liabilities
    Accounts Payable 3,100
    Unearned Service Revenue 1,240
    Salaries and Wages Payable 1,540
    Total Owner's Equity and Liabilities 23,750
    No. Date Account Debit Kredit
    1 31-Aug Service Revenue 7,360
    Interest Revenue 20
    Income Summary 7,380
    2 31-Aug Income Summary 7,910
    Rent Expense 380
    Salaries and Wages Expense 6,140
    Supplies Expense 870
    Depreciation Expense 320
    Advertising Expense 200
    3 31-Aug Owner's Capital 530
    Income Summary 530
    Cash Account Receivable
    1-Aug 6,040 1-Aug 400 1-Aug 2,910 5-Aug 1200
    5-Aug 1200 3-Aug 380 27-Aug 3760
    12-Aug 2800 10-Aug 3120
    29-Aug 780 20-Aug 2000
    25-Aug 2900

    10,820 8,800 6,670 1,200


    2,020 5,470

    Accounts Payable Unearned Service Revenue


    20-Aug 2000 1-Aug 2300 31-Aug 800 1-Aug 1,260
    15-Aug 2000 29-Aug 780
    22-Aug 800

    2000 5100 800 2040


    3100 1240

    Owner's Capital Service Revenue


    31-Aug 530 1-Aug 18,400 31-Aug 7360 12-Aug 2800
    27-Aug 3760
    31-Aug 800

    530 18,400 7360 7360


    17,870 0
    Notes Receivable Interest Receivable
    1-Aug 4,000 31-Aug 20

    4,000 - 20 -
    4,000 20

    Salaries and Wages Payable


    10-Aug 1420 1-Aug 1,420
    31-Aug 1540

    1420 2960
    1540

    Interest Revenue Rent Expense


    31-Aug 20 31-Aug 20 3-Aug 380 31-Aug 380

    20 20 380 380
    0 0
    Supplies Equipment
    1-Aug 1,030 31-Aug 870 1-Aug 10,000
    22-Aug 800 15-Aug 2000

    1,830 870 12,000 -


    960 12,000

    Salaries and Wages Expense Supplies Expense


    10-Aug 1700 31-Aug 6140 31-Aug 870 31-Aug 870
    25-Aug 2900
    31-Aug 1540

    6140 6140 870 870


    0 0
    Accumulated Depreciation - Equipment Prepaid Advertising
    1-Aug 600 1-Aug 400 31-Aug 200
    31-Aug 320

    - 920 400 200


    920 200

    Depreciation Expense Advertising Expense


    31-Aug 320 31-Aug 320 31-Aug 200 31-Aug 200

    320 320 200 200


    0 0
    Income Summary
    31-Aug 7910 31-Aug 7380
    31-Aug 530

    7910 7910
    0
    B&B Repair Services
    Post Closing Trial Balance
    August 31, 2020
    Debit Credit
    Cash 2,020
    Account Receivable 5,470
    Notes Receivable 4,000
    Interest Receivable 20
    Supplies 960
    Equipment 12,000
    Accumulated Depreciation - Equipment 920
    Prepaid Advertising 200
    Accounts Payable 3,100
    Unearned Service Revenue 1,240
    Salaries and Wages Payable 1,540
    Owner's Capital 17,870
    24,670 24,670

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