Question

Bug-Off Exterminators provides pest control services and sells extermination products manufactured by other companies. Following is che company's unadjusted trial balance as of December 31, 2019. December 31, 2019 Unadjusted Trial Balance $ 19, 200 5, 100 $ 850 9,500 43,000 0 74,000 21,000 5,550 1,950 20,500 84,600 21,000 Cash Accounts receivable Allowance for doubtful accounts Merchandise inventory Trucks Accum. depreciation-Trucks Equipment Accum. depreciation-Equipment Accounts payable Estimated warranty liability Unearned services revenue Interest payable Long-term notes payable D. Buggs, Capital D. Buggs, Withdrawals Extermination services revenue Interest revenue Sales (of merchandise) Cost of goods sold Depreciation expense-Trucks Depreciation expense-Equipment Wages expense Interest expense Rent expense Bad debts expense Miscellaneous expense Renairs evnense 80,675 894 95, 151 49,600 0 46,000 20,000 1,270 13.500

Hi, finally got the first part, correct. If you can please please do the transaction list and the income statement. Should be easier with the answers the the first to but im stuck.

I just need the transaction lists answered and the income statement please.

Answer 1

Transaction	General Journal	Debit	Credit
1	Accounts payable	2398
	Miscellaneous expense	26
	Interest revenue		74
	Cash		2350
	(To adjust the cash account)
2	Allowance for doubtful accounts	690
	Accounts receivable		690
	(To record the write off of uncollectible accounts)
3	Bad debts expense	595
	Allowance for doubtful accounts		595
	(To record the adjustment for bad debts)
4	Depreciation expense-Trucks	6275
	Accumulated depreciation-Trucks		6275
	(To record the depreciation on trucks)
5	Depreciation expense-Equipment	7420
	Accumulated depreciation-Equipment		7420
	(To record the depreciation on equipment)
6	Extermination services revenue	10600
	Unearned services revenue		10600
	(To record the adjustment for unearned revenues)
7	Warranty expense	2803
	Estimated warranty liability		2803
	(To record the estimated warranty expense)
8	No journal entry required

BUG-OFF EXTERMINATORS
Income Statement
For Year Ended December 31, 2019
Revenues
Sales	95151
Extermination services revenue	70075
Interest revenue	968
Total revenues		166194
Expenses
Cost of goods sold	49600
Depreciation Expense - Trucks	6275
Depreciation Expense - Equipment	7420
Wages expense	46000
Rent expense	20000
Bad debts expense	595
Miscellaneous expense	1296
Repairs expense	13500
Utilities Expense	9000
Warranty expense	2803
Total expenses		156489
Net operating income		9705