Question

a H elp AutoSave R C omp Prob 1201920 (1) . Compatibility Mode Ex File Home Insert Page Layout Formulas Data Review View h From Text/CSV Recent Sources Queries & Connections From Web Disting Connections Get Properties Data - From Table/Range Al Edit Links Get & Transform Data Queries & Connections B7 x Stocks Geography Data Types Statement of Owners Equity 8 net income $ 11,134 . .. Journal, p2 Adj. Trial Balance income Statement Statement of Owners Equity Balance Sheel Type here to search 0 0

i have to do four more sheets but it starts with the owners equity ( the net income is 11,134 and the owner invested 39,870$ , the owner at the end of july 31 withdrew 1,000 for person use)

Answer 1

Journal Entries

Date Credit Debit 39870 Particulars 1-Jul Cash Equipment Owner's Equity 7545 47415 10500 1-Jul Truck Cash Accounts Payable 2500 8000 1734 3-Jul Supplies Accounts Payable 1794 5-Jul Prepaid Insurance Cash 1800 1800 4813 12-Jul Accounts Receivable Service revenue 4813 1650 15-Jul Cash Uncarned revenue 1650 1200 18-Jul Accounts Payable Cash 1200 20-Jul Salaries Cash 698 698 3632 21-Jul Cach Accounts Reccivable 3632 25-Jul Accounts Receivable Service revenue 6275 6275 297 31-Jul Power and Fuel Accou Cash 297 1000 31-Jul Drawings Cash 1000

Adjustment entries

Adjustment entries 31-Jul Accrucd Revenue Service revenue 2476 2476 31-Jul Depreciation Truck 175 15 31-Jul Uncarned Revenue Service revenue 450 450 150 31-Jul Insurance Prepaid Insurance 150 31-Jul Supplies Expense Supplies 1273 1273 287 31-Jul Salaries Salaries Payable

Trial Balance

Cash Trial Balance As at July 31, 2019 Account Debit Balance Credit Balance 37657 Equipment 7545 Truck 10325 Supplies 521 Prepaid Insurance 1650 Account receivable 7456 Accrued Revenue 2476 Owner's Equity 46415 Accounts Payable 8594 Unearned Revenue 1200 Salaries Payable Service Revenue 14014 Salaries 985 Power and fuel 297 Depreciation 175 Insurance 150 Supplies Expense 1273 70510 70510 287

Statement of Owner's equity

Statement of owner equity 11134 Add: Owner's equity 47415 Less: Drawings 1000 57549

Balance Sheet

Balance Sheet As at July 31, 2019 Amount Liabilities 37657 Accounts Payable 7456 Unearned Revenue Amount 8594 1200 287 Assets Cash Accounts Receivable Prepaid Insurance Accrued Revenue Supplies Total Current Assets Long term assets Equipment Truck 2476 521 49760 Total Current Liabilities Stockholder's Equity 7545 10325 10081 57,549 Total Assets 67630 Total Liabilities & Stockholder's equity 67630

Please provide rating.