Jan 31, 18
ASSETS
Current Assets
Checking/Savings
Checking 49,272.46
Petty Cash 92.21
Total Checking/Savings 49,364.67
Fixed Assets
Business Vehicles
Depreciation -583.00
Original Cost 49,000.00
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
Accounts Payable 3,764.00
Total Liabilities 42,267.64
Equity
Owner’s Equity -4,160.53
Your Name, Capital
Chapter 4, Document 10
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Y
our Name’s Tech Services
Balance Sheet
As of January 31, 2018
Page 116 of 690
Your Name’s
Pool & Garden Oasis
4
Account Type Balance Total
Checking Bank 24,152.00
Petty Cash Bank 47.77
A
ccounts Receivable
A
ccounts Receivable 4,125.00
Equipment Fixed Asset 12,724.00
Equipment:Depreciation Fixed Asset 0.00
Equipment:Original Cost Fixed Asset 12,724.00
A
ccounts Payable
A
ccounts Payable 605.00
Payroll Liabilities Other Current Liability 0.00
Fees Income
Income Income
Income:Additional Landscaping Income Income
Income:Additional Pool Income Income
Income:Commercial Landscape Income Income
Income:Commercial Pool Income Income
Income:Residential Landscape Income Income
Income:Residential Pool Income Income
Reimbursed Expenses Income
Uncategorized Income Income
A
dvertising Expense Expense
Bank Service Charges Expense
Business Vehicles Expense Expense
Insurance:Liability Insurance Expense
Insurance:Work Comp Expense
Interest Expense Expense
Interest Expense:Finance Charge Expense
Interest Expense:Loan Interest Expense
Licenses and Permits Expense
Repairs Expense
Repairs:Building Repairs Expense
Repairs:Computer Repairs Expense
Repairs:Equipment Repairs Expense
Repairs:Janitorial Exp Expense
Taxes Expense
Taxes:Federal Expense
Chapter 4, Report 1
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Y
our Name’s Pool & Garden Oasis
Account Listing
January 31, 2018
Page 118 of 690
Account Type Balance Total
Utilities Expense
Utilities:Gas and Electric Expense
Y
our Name’s Pool & Garden Oasis
Account Listing
January 31, 2018
Chapter 4, Report 1
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 119 of 690
1/31/2018
January Withdrawal
Your Name’s Pool & Garden Oasis
72259 State Street
Santa Barbara, CA 93103
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Page 120 of 690
Type Date Num Name Cl
r
Amount Balance
Beginning Balance 23,850.00
Cleared Transactions
Checks and Payments – 6 items
Bill Pmt -Check 01/15/2018 2 Midway Motors X -669.00 -669.00
Bill Pmt -Check 01/15/2018 1 Giacchi Communications X -485.00 -1,154.00
Deposits and Credits – 1 item
Deposit 01/31/2018 X 59.63 59.63
Total Deposits and Credits 59.63 59.63
Deposits and Credits – 2 items
Deposit 01/30/2018 2,500.00 2,500.00
General Journal 01/31/2018 2,000.00 4,500.00
Y
our Name’s Pool & Garden Oasis
Reconciliation Detail
Checking, Period Ending 01/31/2018
Chapter 4, Document 3
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Page 121 of 690
Accnts Receivable Accnts Payable Bank Accnts Net Inflows Proj Balance
Beginning Balance 2,175.00 425.00 24,293.22 26,043.22
Feb 1 – 3, 18 0.00 0.00 0.00 0.00 26,043.22
Y
our Name’s Pool & Garden Oasis
Cash Flow Forecast
February 2018
Chapter 4, Document 4
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Page 122 of 690
Jan 18
OPERATING ACTIVITIES
Net Income 1,046.61
Adjustments to reconcile Net Income
to net cash provided by operations:
Accounts Receivable -2,675.00
INVESTING ACTIVITIES
Business Vehicles:Depreciation 950.00
Equipment:Depreciation 206.25
Equipment:Original Cost -1,849.00
Y
our Name’s Pool & Garden Oasis
Statement of Cash Flows
January 2018
Chapter 4, Document 5
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 123 of 690
Trans # Type Date Num Adj Name Memo Account Debit Credit
15 Invoice 01/01/2018 25 Ocean View Motel
A
ccounts Receivable 450.00
Ocean View Motel Commercial Landscape Maintenance Commercial Landscape Income 150.00
Ocean View Motel Commercial Pool Service (All pools except Lg.) Commercial Pool Income 300.00
450.00 450.00
19 Payment 01/01/2018 8642 Rhodes, Nancy Undeposited Funds 150.00
Rhodes, Nancy
A
ccounts Receivable 150.00
150.00 150.00
20 Invoice 01/15/2018 28 Matthews, Eric
A
ccounts Receivable 500.00
Matthews, Eric Residential Landscape Maintenance (Lg.) Residential Landscape Income 350.00
Matthews, Eric Residential Pool Service (Lg.) Residential Pool Income 150.00
500.00 500.00
A
A
A
A
A
A
A
Your Name’s Pool & Garden Oasis
Journal
January 2018
Chapter 4, Document 6
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Page 124 of 690
A
A
A
A
Trans # Type Date Num Adj Name Memo Account Debit Credit
25 Payment 01/30/2018 8865 Vines, Donna Undeposited Funds 800.00
Vines, Donna
A
ccounts Receivable 800.00
800.00 800.00
State Street Apartments Commercial Landscape Maintenance Commercial Landscape Income 150.00
State Street Apartments Commercial Pool Service (All pools except Lg.) Commercial Pool Income 300.00
450.00 450.00
29 Bill 01/01/2018 1109 Giacchi Communications January Cell Phone Services
A
ccounts Payable 485.00
Giacchi Communications January Cell Phone Services Telephone 485.00
485.00 485.00
30 Bill 01/01/2018 5895 Office Junction
A
ccounts Payable 275.00
Office Junction Office Supplies 275.00
A
A
A
A
Your Name’s Pool & Garden Oasis
Journal
January 2018
Chapter 4, Document 6
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 125 of 690
A
A
Trans # Type Date Num Adj Name Memo Account Debit Credit
35 Bill 01/15/2018 7098 SB Water
A
ccounts Payable 25.00
SB Water Water 25.00
39 Bill Pmt -Check 01/15/2018 4 SB County Dump Opening balance Checking 180.00
SB County Dump Opening balance
A
ccounts Payable 180.00
180.00 180.00
40 Transfe
r
01/15/2018 Funds Transfer to Establish Petty Cash Fund Checking 50.00
A
A
43 Check 01/30/2018 1 Petty Cash 2.23
Postage and Delivery 0.64
Office Supplies Expense 1.59
2.23 2.23
A
Chapter 4, Document 6
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Your Name’s Pool & Garden Oasis
Journal
January 2018
Page 126 of 690
A
A
A
Trans # Type Date Num Adj Name Memo Account Debit Credit
47 General Journal 01/31/2018 * January Supplies Used Office Supplies Expense 175.00
* January Supplies Used Office Supplies 175.00
175.00 175.00
51 General Journal 01/31/2018 Investment: Equipment Original Cost 1,500.00
Investment: Equipment Investments 1,500.00
1,500.00 1,500.00
57 Check 01/31/2018 Service Charge Checking 10.00
Service Charge Bank Service Charges 10.00
10.00 10.00
Your Name’s Pool & Garden Oasis
Journal
January 2018
Chapter 4, Document 6
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 127 of 690
Jan 31, 18
Debit Credit
Checking 24,245.45
Petty Cash 47.77
Accounts Receivable 4,125.00
Owner’s Equity 1,046.61
Your Name, Capital 20,626.61
Your Name, Capital:Draws 0.00
Your Name, Capital:Investments 33,500.00
Income:Additional Landscaping Income 775.00
Income:Additional Pool Income 800.00
Y
our Name’s Pool & Garden Oasis
Trial Balance
As of January 31, 2018
Chapter 4, Document 7
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Page 128 of 690
Jan 18
Ordinary Income/Expense
Income
Expense
Bank Service Charges 10.00
Business Vehicles Expense 894.00
Depreciation Expense 1,156.25
Disposal Expense 180.00
Insurance
Business Vehicles Insurance 250.00
Repairs
Building Repairs 150.00
Equipment Repairs 65.00
Total Repairs 215.00
Y
our Name’s Pool & Garden Oasis
Profit & Loss
January 2018
Chapter 4, Document 8
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 129 of 690
Jan 31, 18
ASSETS
Current Assets
Total Current Assets 29,503.22
Fixed Assets
Business Vehicles
Depreciation -950.00
Original Cost 57,000.00
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
Accounts Payable 605.00
Total Accounts Payable 605.00
Total Current Liabilities 605.00
Long Term Liabilities
Chapter 4, Document 9
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Y
our Name’s Pool & Garden Oasis
Balance Sheet
As of January 31, 2018
Page 130 of 690
Practice Set 1:
Service Business
Your Name’s Concierge for You
Account Type Balance Total
Checking Bank 25,250.00
Petty Cash Bank 100.00
A
ccounts Receivable
A
ccounts Receivable 4,225.00
Bank Service Charges Expense
Business Vehicles Expense Expense
Cash Discounts Expense
Contributions Expense
Depreciation Expense Expense
Dues and Subscriptions Expense
Equipment Rental Expense
Insurance Expense
Insurance:Business Vehicles Insurance Expense
Insurance:Disability Insurance Expense
Insurance:Liability Insurance Expense
Insurance:Work Comp Expense
Interest Expense Expense
Interest Expense:Finance Charge Expense
Interest Expense:Loan Interest Expense
Licenses and Permits Expense
Miscellaneous Expense
Office Supplies Expense Expense
Payroll Expenses Expense
Postage and Delivery Expense
Printing and Reproduction Expense
Professional Fees Expense
Y
our Name’s Concierge for You
Account Listing
January 1, 2018
Practice Set 1, Document 1
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 132 of 690
A
A
A
Jan 1, 18
Debit Credit
25,250.00
100.00
Checking
Petty Cash
Y
our Name’s Concierge for You
Trial Balance
As of January 1, 2018
Practice Set 1, Document 2
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 133 of 690
Bill
Vendor
Canon Stationers
5801 Canon Drive
West Los Angeles, CA 90028
Bill Due 01/31/2018
Terms Net 30
Memo
Your Name’s Concierge for You
2789 Robertson Boulevard
Beverly Hills, CA 90210
Date
01/01/2018
Ref. No.
8106
Expenses
Account Memo Amount Customer:Job
Bill
Vendor
Canon Stationers
5801 Canon Drive
West Los Angeles, CA 90028
Bill Due 01/31/2018
Terms Net 30
Memo
Your Name’s Concierge for You
2789 Robertson Boulevard
Beverly Hills, CA 90210
Date
01/01/2018
Ref. No.
8106
Expenses
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Account Memo Amount Customer:Job
Page 134 of 690
Invoice
Date
1/1/2018
Invoice #
35
Bill To
Dr. Adam Cohen
2000 Hillridge Road
Beverly Hills, CA 90210
Your Name’s Concierge for You
2789 Robertson Boulevard
Beverly Hills, CA 90210
P.O. No. Terms
Net 30
Project
DescriptionQuantity Rate Amount
Page 135 of 690
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