Question

Based on the above information:

Cut the Green Stuff (CGS) is a landscape service company that provides its customers with lawn and garden maintenance. For a new customer, CGS requires a prepayment of the first 3 months of service fees. After three months, customers are billed as services are provided (billing occurs on the 15th and 30th of each month) with invoices due in 30 days. At the end of November 2019, CGS has the following balances in its accounts: Account Title Cash Accounts Receivable Supplies Equipment Accumulated Depreciation, Equipment Accounts Payable Common Stock Retained Earnings Landscaping Service Revenue Supplies expense Wages expense Rent expense Utilities expense Balance $ 52,200 54,000 740 70,000 14,200 5,000 38,000 57,740 298,600 22,000 195,000 13,300 6,300

Answer 1

Cash Account
Date	Particulars	Debit ($)		Date	Particulars	Credit ($)
30-11-2019	Balance	52200		01-12-2019	Rent Expense	1300
01-12-2019	Landscaping Service Revenue	2400		04-12-2019	Accounts Payable	4000
14-12-2019	Accounts Receivable	12000		08-12-2019	Advertisement Expense	300
28-12-2019	Accounts Receivable	18000		08-12-2019	Advance Advertisement Expense	1500
				15-12-2019	Wages Expense	10000
				20-12-2019	Utilities Expense	700
				30-12-2019	Wages Expense	13000
				30-12-2019	Dividend	2600
				31-12-2019	Balance c/f	51200
		84600				84600
Accounts Receivable Account
Date	Particulars	Debit ($)		Date	Particulars	Credit ($)
30-11-2019	Balance	54000		14-12-2019	Cash	12000
15-12-2019	Landscaping Service Revenue	27000		28-12-2019	Cash	18000
30-12-2019	Landscaping Service Revenue	19000		31-12-2019	Balance c/f	70000
		100000				100000
Supplies Account
Date	Particulars	Debit ($)		Date	Particulars	Credit ($)
30-11-2019	Balance	740		31-12-2019	Balance c/f	6740
17-12-2019	Accounts Payable	6000
		6740				6740
Equipment Account
Date	Particulars	Debit ($)		Date	Particulars	Credit ($)
30-11-2019	Balance	70000		31-12-2019	Balance c/f	94000
01-12-2019	6% Note Payable	24000
		94000				94000
Accumulated Depreciation Equipment Account
Date	Particulars	Debit ($)		Date	Particulars	Credit ($)
31-12-2019	Balance c/f	14200		30-11-2019	Balance	14200
		14200				14200
Accounts Payable Account
Date	Particulars	Debit ($)		Date	Particulars	Credit ($)
04-12-2019	Cash	4000		30-11-2019	Balance	5000
				01-12-2019	Supplies Expense	350
31-12-2019	Balance c/f	7350		17-12-2019	Supplies	6000
		11350				11350
Common Stock Account
Date	Particulars	Debit ($)		Date	Particulars	Credit ($)
31-12-2019	Balance c/f	38000		30-11-2019	Balance	38000
		38000				38000
Retained Earnings Account
Date	Particulars	Debit ($)		Date	Particulars	Credit ($)
31-12-2019	Balance c/f	57740		30-11-2019	Balance	57740
		57740				57740
Landscaping Service Revenue Account
Date	Particulars	Debit ($)		Date	Particulars	Credit ($)
31-12-2019	Balance c/f	344600		30-11-2019	Balance	298600
				15-12-2019	Accounts Receivable	27000
				30-12-2019	Accounts Receivable	19000
		344600				344600
Supplies Expense Account
Date	Particulars	Debit ($)		Date	Particulars	Credit ($)
30-11-2019	Balance	22000		31-12-2019	Balance c/f	22350
01-12-2019	Accounts Payable	350
		22350				22350
Wages Expense Account
Date	Particulars	Debit ($)		Date	Particulars	Credit ($)
30-11-2019	Balance	195000		31-12-2019	Balance c/f	218000
15-12-2019	Cash	10000
30-12-2019	Cash	13000
		218000				218000
Rent Expense Account
Date	Particulars	Debit ($)		Date	Particulars	Credit ($)
30-11-2019	Balance	13300		31-12-2019	Balance c/f	14600
01-12-2019	Cash	1300
		14600				14600
Utilities Expense Account
Date	Particulars	Debit ($)		Date	Particulars	Credit ($)
30-11-2019	Balance	6300		31-12-2019	Balance c/f	7000
20-12-2019	Cash	700
		7000				7000
Advance Revenue Account
Date	Particulars	Debit ($)		Date	Particulars	Credit ($)
31-12-2019	Balance c/f	2400		01-12-2019	Cash	2400
		2400				2400
6% Note Payable Account
Date	Particulars	Debit ($)		Date	Particulars	Credit ($)
31-12-2019	Balance c/f	24000		01-12-2019	Equipment	24000
		24000				24000
Advertisement Expense Account
Date	Particulars	Debit ($)		Date	Particulars	Credit ($)
08-12-2019	Cash	300		31-12-2019	Balance c/f	300
		300				300
Advance Advertisement Expense Account
Date	Particulars	Debit ($)		Date	Particulars	Credit ($)
08-12-2019	Cash	1500		31-12-2019	Balance c/f	1500
		1500				1500
Dividend Account
Date	Particulars	Debit ($)		Date	Particulars	Credit ($)
30-12-2019	Cash	2600		31-12-2019	Balance c/f	2600
		2600				2600

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