1/30/2018
Your Name
January Withdrawal
Your Name’s Concierge for You
2789 Robertson Boulevard
Beverly Hills, CA 90210
Practice Set 1, Document 63
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1/27/2018
Your Name’s Concierge for You
2789 Robertson Boulevard
Beverly Hills, CA 90210
Practice Set 1, Document 64
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Jan 30, 18
Debit Credit
Checking 30,176.00
Owner’s Equity 0.00
Your Name, Capital 15,850.00
Y
our Name’s Concierge for You
Trial Balance
As of January 30, 2018
Practice Set 1, Document 65
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Page 198 of 690
Type Date Num Name Cl
r
Amount Balance
Beginning Balance 25,350.00
Cleared Transactions
Checks and Payments – 10 items
Transfe
r
01/01/2018 X -100.00 -100.00
Deposits and Credits – 4 items
Deposit 01/06/2018 X 2,070.00 2,070.00
Uncleared Transactions
Checks and Payments – 4 items
Check 01/27/2018 8 Westside Utilities -424.00 -424.00
Check 01/27/2018 6 Bel Air Telephone -150.00 -574.00
Y
our Name’s Concierge for You
Reconciliation Detail
Checking, Period Ending 01/31/2018
Practice Set 1, Document 66
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r
r
Jan 31, 18
Debit Credit
Checking 29,399.67
Petty Cash 84.52
Business Vehicles Loan 24,822.43
Office Furniture/Equipment Loan 2,984.56
Owner’s Equity 0.00
Y
our Name’s Concierge for You
Trial Balance
As of January 31, 2018
Practice Set 1, Document 67
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Accnts Receivable Accnts Payable Bank Accnts Net Inflows Proj Balance
Beginning Balance 0.00 450.00 29,484.19 29,034.19
Feb 1 – 3, 18 1,210.00 2,460.00 0.00 -1,250.00 27,784.19
Y
our Name’s Concierge for You
Cash Flow Forecast
February 2018
Practice Set 1, Document 68
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Jan 18
OPERATING ACTIVITIES
Net Income 6,370.20
Adjustments to reconcile Net Income
INVESTING ACTIVITIES
Business Vehicles:Depreciation 500.00
Office Furniture/Equipment:Depreciation 92.00
Office Furniture/Equipment:Original Cost -850.00
Y
our Name’s Concierge for You
Statement of Cash Flows
January 2018
Practice Set 1, Document 69
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Jan 18
Ordinary Income/Expense
Income
Services 10,285.00
Total Insurance 200.00
Interest Expense
Loan Interest 611.32
Other Income/Expense
Other Income
Interest Income 53.00
Y
our Name’s Concierge for You
Profit & Loss
January 2018
Practice Set 1, Document 70
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Jan 31, 18
ASSETS
Current Assets
Fixed Assets
Business Vehicles
Depreciation -500.00
Original Cost 30,000.00
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Your Name, Capital
Practice Set 1, Document 71
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Y
our Name’s Concierge for You
Balance Sheet
As of January 31, 2018
Page 204 of 690
Trans # Type Date Num Adj Name Memo Account Debit Credit
24 Transfe
r
01/01/2018 Funds Transfer to Establish Petty Cash Checking 100.00
Funds Transfer to Establish Petty Cash Petty Cash 100.00
100.00 100.00
29 Invoice 01/03/2018 38 Elliott, Gloria
A
ccounts Receivable 350.00
Elliott, Gloria Household Chores Services 350.00
350.00 350.00
30 Bill 01/04/2018 2287 Western Insurance
A
ccounts Payable 2,400.00
A
A
A
A
A
Your Name’s Concierge for You
Journal
January 2018
Practice Set 1, Document 72
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 205 of 690
A
A
A
A
Trans # Type Date Num Adj Name Memo Account Debit Credit
35 Sales Receipt 01/05/2018 22 Nasseri, Fatema Undeposited Funds 95.00
Nasseri, Fatema Household Errands Services 70.00
Nasseri, Fatema Household Chores Services 25.00
95.00 95.00
2,070.00 2,070.00
39 Payment 01/09/2018 7891 Cohen, Adam Dr. Undeposited Funds 500.00
Cohen, Adam Dr.
A
ccounts Receivable 500.00
A
A
A
43 Payment 01/09/2018 3916
A
ustin, Timothy Undeposited Funds 750.00
A
ustin, Timothy
A
ccounts Receivable 750.00
750.00 750.00
44 Bill 01/09/2018 81085 Pacific Gasoline
A
ccounts Payable 325.00
Practice Set 1, Document 72
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Your Name’s Concierge for You
Journal
January 2018
Page 206 of 690
A
A
Trans # Type Date Num Adj Name Memo Account Debit Credit
49 Bill Pmt -Check 01/13/2018 3 Beverly Hills Automotive Opening balance Checking 500.00
Beverly Hills Automotive Opening balance
A
ccounts Payable 500.00
500.00 500.00
A
A
53 Invoice 01/17/2018 40 Lane, Joseph
A
ccounts Receivable 1,560.00
Lane, Joseph Repair Service Services 1,560.00
1,560.00 1,560.00
A
Practice Set 1, Document 72
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Your Name’s Concierge for You
Journal
January 2018
Page 207 of 690
A
A
Trans # Type Date Num Adj Name Memo Account Debit Credit
Lane, Joseph
A
ccounts Receivable 325.00
325.00 325.00
60 Deposit 01/20/2018 Deposit Checking 1,270.00
Levin, Al Deposit Undeposited Funds 60.00
Weaver, Jack Deposit Undeposited Funds 280.00
A
A
63 Check 01/23/2018 2 Petty Cash 14.84
Office Supplies Expense 14.84
14.84 14.84
A
A
Practice Set 1, Document 72
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Your Name’s Concierge for You
Journal
January 2018
Page 208 of 690
A
A
A
Trans # Type Date Num Adj Name Memo Account Debit Credit
69 Check 01/27/2018 6 Bel Air Telephone Checking 150.00
Bel Air Telephone Telephone 150.00
150.00 150.00
70 Check 01/27/2018 7 Rodeo Realtors Checking 1,000.00
Rodeo Realtors Rent 1,000.00
A
A
74 Payment 01/27/2018 7942 Cohen, Adam Dr. Partial Payment Undeposited Funds 1,550.00
Cohen, Adam Dr. Partial Payment
A
ccounts Receivable 1,550.00
A
Practice Set 1, Document 72
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Your Name’s Concierge for You
Journal
January 2018
Page 209 of 690
A
A
Trans # Type Date Num Adj Name Memo Account Debit Credit
81 General Journal 01/30/2018 *
A
djusting Entry: Insurance Business Vehicles Insurance 200.00
*
A
djusting Entry: Insurance Prepaid Insurance 200.00
200.00 200.00
A
A
A
A
A
84 Check 01/31/2018 Transfe
r
Golden Bank Business Vehicles Loan: Pmt Checking 729.44
Golden Bank Business Vehicles Loan: Interest Loan Interest 551.87
Golden Bank Business Vehicles Loan: Principal Business Vehicles Loan 177.57
729.44 729.44
r
Practice Set 1, Document 72
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Your Name’s Concierge for You
Journal
January 2018
Page 210 of 690
A
Trans # Type Date Num Adj Name Memo Account Debit Credit
87 Deposit 01/31/2018 Interest Checking 53.00
Interest Interest Income 53.00
Your Name’s Concierge for You
Journal
January 2018
Practice Set 1, Document 72
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Page 211 of 690
CHAPTER
Sales and Receivables:
Merchandising Business
5
Your Name’s
Sierra Sports
5
INVOICE
Date
1/2/2018
Invoice #
1
Bill To
Benjamin Asher
9263 Summit Point
Mammoth Lakes, CA 93546
Ship To
Your Name’s Sierra Sports
875 Mountain Road
Mammoth Lakes, CA 93546
P.O. Number Terms
Net 15
Rep Ship
1/2/2018
Via F.O.B. Project
DescriptionQuantity Price Each Amount
Page 214 of 690
Chapter 5, Document 1
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INVOICE
Date
1/3/2018
Invoice #
2
Bill To
Dr. Diego Medina
529 Vista Point
Mammoth Lakes, CA 93546
Ship To
Your Name’s Sierra Sports
875 Mountain Road
Mammoth Lakes, CA 93546
P.O. Number Terms
2% 10 Net 30
Rep Ship
1/3/2018
Via F.O.B. Project
DescriptionQuantity Price Each Amount
Page 215 of 690
Chapter 5, Document 2
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