1. In the books of Taylors Delivery Service :
Date | General Journal | Debit | Credit |
$ | $ | ||
Dec 1 | Cash | 17,000 | |
Truck | 20,000 | ||
Taylor, Capital | 37,000 | ||
Dec 1 | Prepaid Insurance | 1,500 | |
Cash | 1,500 | ||
Dec 7 | Rent Expense | 600 | |
Cash | 600 | ||
Dec 8 | Accounts Receivable | 1,500 | |
Service Revenue | 1,500 | ||
Dec 11 | Office Supplies | 850 | |
Cash | 850 | ||
Dec 13 | Salaries Expense | 825 | |
Cash | 825 | ||
Dec 15 | Cash | 1,400 | |
Unearned Revenue | 1,400 | ||
Dec 18 | Cash | 7,700 | |
Service Revenue | 7,700 | ||
Dec 20 | Cash | 1,200 | |
Accounts Receivable | 1,200 | ||
Dec 22 | Fuel Expense | 250 | |
Accounts Payable | 250 | ||
Dec 27 | Accounts Receivable | 1,200 | |
Service Revenue | 1,200 | ||
Dec 28 | Advertising Expense | 300 | |
Cash | 300 | ||
Dec 30 | Accounts Payable | 150 | |
Cash | 150 | ||
Dec 31 | Taylor, Withdrawals | 1,400 | |
Cash | 1,400 |
3.
Taylors Delivery
Services Trial Balance December 31, 2019 |
||
Account Titles | Debit | Credit |
$ | $ | |
Cash | 21,675 | |
Accounts Receivable | 1,500 | |
Office Supplies | 850 | |
Prepaid Insurance | 1,500 | |
Truck | 20,000 | |
Accumulated Depreciation : Truck | 0 | |
Accounts Payable | 100 | |
Salries Payable | 0 | |
Unearned Revenue | 1,400 | |
Taylor, Capital | 37,000 | |
Taylor, Withdrawals | 1,400 | |
Service Revenue | 10,400 | |
Salaries Expense | 825 | |
Rent Expense | 600 | |
Depreciation Expense: Truck | 0 | |
Insurance Expense | 0 | |
Fuel Expense | 250 | |
Office Supplies Expense | 0 | |
Advertising Expensse | 300 | |
Totals | $ 48,900 | $ 48,900 |
4. Adjusting entries:
Date | Account Titles | Debit | Credit |
Dec 31, 2019 | $ | $ | |
a. | Salaries Expense | 750 | |
Salaries Payable | 750 | ||
b. | Depreciation Expense: Truck | 250 | |
Accumulated Depreciation : Truck | 250 | ||
c. | Insurance Expense | 250 | |
Prepaid Insurance | 250 | ||
d. | Office Supplies Expense | 440 | |
Office Supplies | 440 | ||
e. | Unearned Revenue | 350 | |
Service Revenue | 350 | ||
f. | Accounts Receivable | 500 | |
Service Revenue | 500 |
5.
Taylors Delivery
Services Adjusted Trial Balance December 31, 2019 |
||
Account Titles | Debit | Credit |
$ | $ | |
Cash | 21,675 | |
Accounts Receivable | 2,000 | |
Office Supplies | 410 | |
Prepaid Insurance | 1,250 | |
Truck | 20,000 | |
Accumulated Depreciation : Truck | 250 | |
Accounts Payable | 100 | |
Salaries Payable | 400 | |
Unearned Revenue | 1,400 | |
Taylor, Capital | 37,000 | |
Taylor, Withdrawals | 1,400 | |
Service Revenue | 11,250 | |
Salaries Expense | 1,575 | |
Rent Expense | 600 | |
Depreciation Expense: Truck | 250 | |
Insurance Expense | 250 | |
Fuel Expense | 250 | |
Office Supplies Expense | 440 | |
Advertising Expense | 300 | |
Totals | $ 50,400 | $ 50,400 |
Comprehensive Problem Taylors Delivery Service had the following transactions during December 2019. Doel Taylors Delivery Service...
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