DATE DESCRIPTION POST REF

April a Cash
Aguilar, Capital
# To record investment of owner
b Service Vehicle
Cash
Accounts Payable
# To record acquisiton of service vehicle partially payed
c Spray Equipment
Accounts Payable
# To record acquisition of spray equipment
d Prepaid Rent
Cash
# To record payment of rent for 3 months
e Prepaid Insurance
Cash
# To record payment of vehicle insurance for the year
f Cash
Service Income
# To record service rendered for cash
g Supplies
Cash
# To record acquisition of supplies
h Accounts Receivable
Cash
# To record service rendered for credit
i Utilities Expense
Cash
# To record payment of utilities expense
j Gasoline Expense
Accounts Payable
# To record gasoline expense incurred for the month
k Cash
Service Income
# To record service rendered for cash
l Aguilar, Withdrawals
Cash
# To record withdrawal of owner
m Salaries Expense
Cash
# To record payment of salaries to employees
 DEBIT CREDIT
60,000.00
60,000.00

112,500.00
22,500.00
90,000.00

18,000.00
18,000.00

5,600.00
5,600.00

5,760.00
5,760.00

21,750.00
21,750.00

5,730.00
5,730.00

4,440.00
4,440.00

960.00
960.00

3,270.00
3,270.00

16,420.00
16,420.00

10,500.00
10,500.00

20,400.00
20,400.00
 CASH
DATE DESCRIPTION POST REF
April a # To record investment of owner
b # To record acquisiton of service vehicle partially payed
d # To record payment of rent for 3 months
e # To record payment of vehicle insurance for the year
f # To record service rendered for cash
g # To record acquisition of supplies
h # To record service rendered for credit
i # To record payment of utilities expense
k # To record service rendered for cash
l # To record withdrawal of Aguilar
m # To record payment of salaries to employees
TOTAL

ACCOUNTS RECEIVABLE
DATE DESCRIPTION POST REF
April h # To record service rendered for credit
TOTAL

SUPPLIES
DATE DESCRIPTION POST REF
April g # To record acquisition of supplies
TOTAL

PREPAID INSURANCE
DATE DESCRIPTION POST REF
April e # To record payment of vehicle insurance for the year
TOTAL

SPRAY EQUIPMENT
DATE DESCRIPTION POST REF
April c # To record acquisition of spray equipment
TOTAL

SERVICE VEHICLE
DATE DESCRIPTION POST REF
April b #To record acquisition of service vehicle partially payed
TOTAL
 PREPAID RENT
DATE DESCRIPTION POST REF
April d #To record payment of rent for 3 months
TOTAL

ACCOUNTS PAYABLE
DATE DESCRIPTION POST REF
April b #To record acquisition of service vehicle partially payed
c #To record acquisition of spray equipment
i #To record gasoline expense incurred for the month
TOTAL

AGUILAR, CAPITAL
DATE DESCRIPTION POST REF
April a #To record investment of the owner
TOTAL

AGUILAR, WITHDRAWALS
DATE DESCRIPTION POST REF
April l #To record withdrawal of owner
TOTAL

SERVICE INCOME
DATE DESCRIPTION POST REF
April f #To record service rendered for cash
k #To record service rendered for cash
TOTAL

UTILITIES EXPENSE
DATE DESCRIPTION POST REF
April i #To record payment of utilities expense
TOTAL

SALARIES EXPENSE
DATE DESCRIPTION POST REF
April m #To record payment of salaries to employees
TOTAL

GASOLINE EXPENSE
DATE DESCRIPTION POST REF
April i #To record gasoline expense incurred for the month
TOTAL
 Aguilar Industrial Spray Service
Trial Balance
As of April XXXX
DEBIT CREDIT ACCOUNTS DEBIT
60,000.00 CASH 22,280.00
22,500.00 ACCOUNTS RECEIVABLE 4,440.00
5,600.00 SUPPLIES 5,730.00
5,760.00 PREPAID INSURANCE 5,760.00
21,750.00 SPRAY EQUIPMENT 18,000.00
5,730.00 SERVICE VEHICLE 112,500.00
4,440.00 PREPAID RENT 5,600.00
960.00 ACCOUNTS PAYABLE
16,420.00 AGUILAR, CAPITAL
10,500.00 AGUILAR, WITHDRAWALS 10,500.00
20,400.00 SERVICE INCOME
98,170.00 75,890.00 UTILITES EXPENSE 960.00
SALARIES EXPENSE 20,400.00
GASOLINE EXPENSE 3,270.00
DEBIT CREDIT TOTAL 209,440.00
4,440.00
4,440.00

DEBIT CREDIT
5,730.00
5,730.00

DEBIT CREDIT
5,760.00
5,760.00

DEBIT CREDIT
18,000.00
18,000.00

DEBIT CREDIT
112,500.00
112,500.00
DEBIT CREDIT
5,600.00
5,600.00

DEBIT CREDIT
90,000.00
18,000.00
3,270.00
111,270.00

DEBIT CREDIT
60,000.00
60,000.00

DEBIT CREDIT
10,500.00
10,500.00

DEBIT CREDIT
21,750.00
16,420.00
38,170.00

DEBIT CREDIT
960.00
960.00

DEBIT CREDIT
20,400.00
20,400.00

DEBIT CREDIT
3,270.00
3,270.00
Service

CREDIT

111,270.00
60,000.00

38,170.00

209,440.00
April b Service Vehicle 112,500.00
Cash 22,500.00
Accounts Payable 90,000.00

ADJUSTED ENTRY
April 31 Depreciation Expense 2,000.00
Accumulated Depreciation - SV 2,000.00

April c Spray Equipment 18,000.00

Accounts Payable 18,000.00

ADJUSTED ENTRY
April 31 Depreciation Expense 500.00
Accumulated Depreciation - SE 500.00

April d Prepaid Rent 5,600.00

Cash 5,600.00

ADJUSTED ENTRY
April 31 Rent Expense 1,866.67
Prepaid Rent 1,866.67

April e Prepaid Insurance 5,760.00

Cash 5,760.00

ADJUSTED ENTRY
April 31 Insurance Expense 480.00
Prepaid Insurance 480.00

April g Supplies 5,730.00

Cash 5,730.00

ADJUSTED ENTRY
April 31 Supplies Expense 4,230.00
Supplies 4,230.00
 Aguilar Industrial Spray Service
Worksheet
For the month of April
Unadjusted Trial Balance Unadjustments Adjusted Trial Balance Income Statement Balance sheet
Particulars Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
Cash 22,280.00 22,280.00 22,280.00
Accounts Receiva 4,440.00 4,440.00 4,440.00
Supplies 5,730.00 4,230.00 1,500.00 1,500.00
Prepaid Insuranc 5,760.00 480.00 5,280.00 5,280.00
Spray Equipment 18,000.00 18,000.00 18,000.00
Service Vehicle 112,500.00 112,500.00 112,500.00
Prepaid Rent 5,600.00 1,866.67 3,733.33 3,733.33
Accounts Payable 111,270.00 111,270.00 111,270.00
Aguilar, Capital 60,000.00 60,000.00 60,000.00
Aguilar, Withdra 10,500.00 10,500.00 10,500.00
Service Income 38,170.00 38,170.00 38,170.00
Utilities Expense 960.00 960.00 960.00
Salaries Expense 20,400.00 20,400.00 20,400.00
Gasoline Expense 3,270.00 3,270.00 3,270.00
TOTALS 209,440.00 209,440.00
Depreciation Expense 2,000.00 2,000.00 2,000.00
500.00 500.00 500.00
Accumulated Depreciation - SV 2,000.00 2,000.00 2,000.00
Accumulated Depreciation - SE 500.00 500.00 500.00
Rent Expense 1,866.67 1,866.67 1,866.67
Insurance Expense 480.00 480.00 480.00
Supplies Expense 4,230.00 4,230.00 4,230.00
TOTALS 9,076.67 9,076.67 211,940.00 211,940.00 33,706.67 38,170.00 178,233.33 173,770.00
PROFIT 4,463.33 4,463.33
TOTALS 38,170.00 38,170.00 178,233.33 178,233.33
 Aguilar Industrial Spray Service
Income Statement
For the month of April
Post Closing TB
Debit Credit Service Income 38,170.00
26,720
4,440 Less: Operating Expenses
1,500 Utilities Expense 960.00
5,280 Salaries Expense 20,400.00
18,000 Gasoline Expense 3,270.00
112,500 Depreciation Expense 2,500.00
3,733 Rent Expense 1,866.67
111,260 Insurance Expense 480.00
60,000 Supplies Expense 4,230.00
Total Expenses 33,706.67

PROFIT 4,463.33

Aguilar Industrial Spray Service

Balance Sheet
For the month of April

2,000 ASSETS
500 Current Assets
Cash 22,280.00
Accounts Receivable 4,440.00
Supplies 1,500.00
173,770 173,770 Total Current Assets 28,220.00

173,770 173,700 Non-Current Assets

Prepaid Insurance 5,280.00
Spray Equipment 18,000.00
Service Vehicle 112,500.00
Less: Accumulated Depreciation 2,500.00
Net Book Value 128,000.00
Prepaid Rent 3,733.33
Total Non-Current Assets 137,013.00

TOTAL ASSETS 165,233.00

LIABILITIES
Current Liabilities
Accounts Payable 111,270.00
Total Current Liabilities 111,270.00

OWNER'S EQUITY
Aguilar, Capital beg. 60,000.00
Less: Aguilar, Drawings 10,500.00
Add: Profit 4,463.33
Aguilar, Capital end. 53,963.33

TOTAL LIABILITIES AND EQUITIES 165,233.33