Question

I started this business in April, please help me with the accounting by preparing (1) Journal Entries for each transaction;including the adjustments (2) post these journal entries to General Ledger (3) prepare Trial balance

for extra credit please prepare an Income Statement and a Balance Sheet; and a closing entry for April

4/1 I put in $1200 of my own money for the business

4/2 I bought a vacuum cleaner for the business for $900; paid cash; if you want to do a "depreciation" ADJUSTMENT for extra credit, this vacuum will be used for 3 years

4/3 I bought supplies like mop, detergents for $30 paid cash

4/4 I paid business insurance for three months total $300 ($100 per month)

4/5 I clean 5 houses; the owners paid me $200 each in cash; I used $20 worth of supplies

4/10 I got my vendor to put me ON Account, I ordered $100 worth of detergent on account

4/15 I bought gas for $40 paid cash

4/20 A customer paid me $9000 to clean his vacation home of 15 rooms which he is renting out. He wants it done before April 27 weekend. "Do it right before that date" he said.

4/25 I cleaned 5 more houses got paid $200 each; used $25 worth of supplies

4/26 I cleaned the 15 room vacation home that the customer paid me $9000 for

4/29 I took out $200 from the business for my own personal use

Answer 1

		Partculars	Dr	Cr				Capital a/c
	01-Apr-19	Cash a/c	1,200				Cash	200	Cash	1,200
		To Capital A/c		1,200			Bal c/f	11,807	Profit & loss a/c	10,807
								12,007		12,007
	02-Apr-19	Fixed Assets a/c	900
		To cash a/c		900				Cash a/c
							Capital	1,200	Fixed Assets	900
	03-Apr-19	Inventory	30				Revenue	1000	Inventory	30
		To cash a/c		30			Income received in adv	9000	Insurance	300
							Revenue	1000	Gas	40
	04-Apr-19	Prepaid Insurance	200						Capital	200
		Profit and loss a/c (insurance)	100
		To cash a/c		300					Bal c/f	10730
								12,200		12,200
	05-Apr-19	Cash a/c	1,000
		To Profit & loss a/c (Revenue)		1,000				Profit and Loss a/c
							Insurance	100	Revenue	11,000
	05-Apr-19	Cost of Goods Sold	20				COGS	45
		To inventory		20			Gas	40
							Depreciation	8
	10-Apr-19	Inventory	100				To capital a/c	10,807
		To creditor a/c		100				11,000		11,000
	15-Apr-19	Profit & Loss a/c (Gas)	40					Fixed Assets
		To cash a/c		40			Cash	900	Depreciation	8
									Bal c/f	892
	20-Apr-19	Cash a/c	9,000					900		900
		To Income received in advance		9,000
								Inventory
	25-Apr-19	Cash a/c	1,000				Cash	30	COGS	45
		To Profit & loss a/c (Revenue)		1,000			Creditor	100	Bal c/f	85
								130		130
	25-Apr-19	Cost of Goods Sold	25
		To inventory		25				Balance Sheet
							Assets	Amount	Liabilities	Amount
	26-Apr-19	Income received in advance	9,000				Fixed Assets	892	Capital	11,807
		To revenue		9,000			Cash	10,730	Creditor	100
							Inventory	85
	29-Apr-19	Capital a/c	200				Prepaid Insurance	200
		To cash		200
							Total	11,907		11,907
	30-04-2019	Depreciation a/c	8
		To fixed asset		8