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GENERAL JOURNAL
For month ended in Dec. 31,2016
Date Account Names Debit Credit
Dec. 1 Cash 16,000
Truck 17,000
Murphy, Capital 33,000
Received cash and truck in exchange for capital
GENERAL LEDGER
Murphy Delivery Service
UNADJUSTED TRIAL BALANCE
Dec. 31, 2016
Cash 29,400
Accounts Receivable 900
Office Supplies 800
Prepaid Insurance 600
Truck 17,000
Unearned Revenue
Capital
Withdrawals 3,200
Service Revenue
Salaries Expense 700
Fuel Expense 200
Rent Expense 1,200
54,000
Credit
1,100
33,000
19,900
54,000
Murphy Delivery Service
ADJUSTED TRIAL BALANCE
Dec. 31, 2016
Cash 29,400
Accounts Receivable 2,450
Office Supplies 150
Prepaid Insurance 500
Truck 17,000
Accumulated Depreciation- Truck
Accounts Payable
Salaries Payable
Unearned Revenue
Capital
Withdrawals 3,200
Service Revenue
Salaries Expense 1,400
Depreciation Expense- Truck 100
Insurance Expense 100
Fuel Expense 200
Rent Expense 1,200
Supplies Expense 650
56,350
Credit
100
0
700
600
33,000
21,950
56,350
Murphy Delivery Service
POST-CLOSING TRIAL BALANCE
42,735
Cash 29,400
Accounts Receivable 2,450
Office Supplies 150
Prepaid Insurance 500
Truck 17,000
Accumulated Derpeciation- Truck
Salaries Payable
Unearned Revenue
Capital
49,500
Credit
100
700
600
48,100
49,500
Murphy Delivery Service
INCOME STATEMENT
Month ended December 31, 2016
Revenues:
Service Revenue
Expenses:
Salaries Expense 1,400
DepreciationExpense- Truck 100
Insurance Expense 100
Fuel Expense 200
Rent Expense 1,200
Supplies Expense 650
Total Expenses:
Net Income:
21,950
3,650
18,300
Murphy Delivery Service
STATEMENT OF CHANGES IN OWNER'S EQUITY
Month ended December 31, 2016
Murphy, Capital
Owner Contributions
Net Income
Owner Withdrawals
Murphy, Capital Dec. 31, 2016
ITY
0
33,000
18,300
51,300
(3,200)
48,100
Murphy Delivery Service
BALANCE SHEET
42,735
Assets
Cash
Accounts Receivable
Office Supplies
Prepaid Insurance
Truck 17,000
Accumulated Depreciation- Truck (100)
Liabilities
Salaries Payable
Unearned Revenue
Owner's Equity
Murphy, Capital
29,400
2,450
150
500
16,900
49,400
700
600
1,300
48,100
49,400