GENERAL JOURNAL

Date Account Names Debit Credit

12/1/16 Cash 9,000
Truck 16,000
Mitchel, Capital 25,000
12/1/16 Prepaid Insurance 600
Cash 600
12/4/16 Office Supplies 800
Cash 800
12/12/16 Cash 1,800
Service Revenue 1,800
12/15/16 Accounts Receivable 2,800
Service Revenue 2,800
12/18/16 Salaries Expense 1,100
Cash 1,100
12/20/16 Cash 13,000
Service Revenue 13,000
12/22/16 Cash 1,300
Unearned Revenue 1,300
12/25/16 Cash 2,800
Accounts Receivable 2,800
12/27/16 Fuel Expense 600
Accounts Payable 600
12/28/16 Accounts Receivable 1,700
Service Revenue 1,700
12/29/16 Rent Expense 2,100
Cash 2,100
12/30/16 Accounts Payable 600
Cash 600
12/31/16 Mitchel, Withdrawal 2,800
Cash 2,800
(a) Dec. 31 Salaries Expense 1,100
Salaries Payable 1,100
(b) Dec. 31 Depreciation Expense--Truck 100
Accumulated Depreciarion--Truck 100
( c) Dec 31 Insurance Expense 100
Prepaid Insurance 100
(d) Dec. 31 Supplies Expense 650
Office Supplies 650
( e) Dec 31 Unearned Revenue 1,000
Service Revenue 1,000
(f) Dec. 31 Accounts Receivable 550
Service Revenue 550
Closing 1 Service Revenue 20,850
Income Summary 20,850
Closing 2 Income Summary 5,750
Salaries Expense 2,200
Rent Expense 2,100
Supplies Expense 650
 GENERAL JOURNAL
Date Account Names Debit Credit
Fuel Expense 600
Depreciation Expense--Truck 100
Insurance Expense 100
Closing 3 Income Summary 15,100
Mitchel, Capital 15,100
Closing 4 Mitchel, Capital 2,800
Mitchel, Withdrawal 2,800
 GENERAL LEDGER
Cash Accounts Payable Salaries Expense
12/1 9,000 600 12/1 12/30 600 600 12/27 12/18 1,100
### 1,800 800 12/4
### 13,000 1,100 12/18
### 1,300 2,100 12/29
### 2,800 600 12/30
2,800 12/31
Bal. 19,900 0 Bal. Bal. 1,100

Accounts Receivable Unearned Revenue Fuel Expense

### 2,800 2,800 12/25 1,300 12/22 12/27 600
### 1,700

Bal. 1,700 1,300 Bal. Bal. 600

Office Supplies Mitchel, Capital Rent Expense

12/4 800 25,000 12/1 12/29 2,100

Bal. 800 25,000 Bal. Bal. 2,100

Prepaid Insurance Mitchel, Withdrawals

12/1 600 12/31 2,800

Bal. 600 12/31 2,800

Truck Service Revenue

12/1 16,000 1,800 12/12
2,800 12/15
13,000 12/20
1,700 12/28

Bal. 16,000 19,300 Bal.

 GENERAL LEDGER
Cash Accounts Payable Salaries Expense
Bal. 19,900 0 Bal. Bal. 1,100
a 1,100

Bal. 19,900 0 Bal. Bal. 2,200

Accounts Receivable Salaries Payable Depreciation Expense--Truck

Bal. 1,700 0 Bal. Bal. 0
f 550 1,100 a b 100

Bal 2,250 1,100 Bal. Bal. 100

Office Supplies Unearned Revenue Insurance Expense

Bal. 800 1,300 Bal. Bal. 0
650 d e 1,000 c 100

Bal. 150 300 Bal. Bal. 100

Prepaid Insurance Mitchel, Capital Fuel Expense

Bal. 600 25,000 Bal. Bal. 600
100 c

Bal. 500 25,000 Bal. Bal. 600

Truck Mitchel, Withdrawal Rent Expense

Bal. 16,000 Bal. 2,800 Bal. 2,100

Bal. 16,000 Bal. 2,800 Bal. 2,100

Accumulated Depreciation --Truck Service Revenue Supplies Expense

0 Bal. 19,300 Bal. Bal. 0
100 b 1,000 e d 650
550 f

100 Bal. 20,850 Bal. Bal. 650

 GENERAL LEDGER
Cash Accounts Payable Salaries Expense
Bal. 19,900 0 Bal. Bal. 2,200
2,200 closing 2

Bal. 19,900 0 Bal. Bal. 0

Accounts Receivable Salaries Payable Depreciation Expense--Truck

Bal. 2,250 1,100 Bal. Bal. 100
100 closing 2

Bal 2,250 1,100 Bal. Bal. 0

Office Supplies Unearned Revenue Insurance Expense

Bal. 150 300 Bal. Bal. 100
100 closing 2

Bal. 150 300 Bal. Bal. 0

Prepaid Insurance Mitchel, Capital Fuel Expense

Bal. 500 25,000 Bal. Bal. 600
15,100 closing 3 600 closing 2
closing 4 2,800

Bal. 500 37,300 Bal. Bal. 0

Truck Mitchel, Withdrawal Rent Expense

Bal. 16,000 Bal. 2,800 Bal. 2,100 2,100 closing 2
2,800 closing 4

Bal. 16,000 Bal. 0 Bal. 0

Accumulated Depreciation --Truck Service Revenue Supplies Expense

100 Bal. 20,850 Bal. Bal. 650
closing 1 20,850 650 closing 2

100 Bal.
0 Bal. Bal. 0
 MITCHEL DELIVERY SERVICE
UNADJUSTED TRIAL BALANCE
December 31, 2016

Account Name Debit Credit

Cash 19,900
Accounts Receivable 1,700
Office Supplies 800
Prepaid Insurance 600
Truck 16,000
Accounts Payable 0
Unearned Revenue 1,300
Mitchel, Capital 25,000
Mitchel, Withdrawal 2,800
Service Revenue 19,300
Salaries Expense 1,100
Fuel Expense 600
Rent Expense 2,100

Total 45,600 45,600

 MITCHEL DELIVERY SERVICE
ADJUSTED TRIAL BALANCE
42,735

Account Name Debit Credit

Cash 19,900
Accounts Receivable 2,250
Office Supplies 150
Prepaid Insurance 500
Truck 16,000
Accumulated Depreciation--Truck 100
Accounts Payable 0
Salaries Payable 1,100
Unearned Revenue 300
Mitchel, Capital 25,000
Mitchel, Withdrawal 2,800
Service Revenue 20,850
Salaries Expense 2,200
Rent Expense 2,100
Supplies Expense 650
Fuel Expense 600
Depreciation Expense--Truck 100
Insurance Expense 100
TOTAL 47,350 47,350
 MITCHEL DELIVERY SERVICE
Post-closing Trial Balance
42,735
Account Name Debit Credit
Cash 19,900
Accounts Receivable 2,250
Office Supplies 150
Prepaid Insurance 500
Truck 16,000
Accumulated Depreciation--Truck 100
Accounts Payable 0
Salaries Payable 1,100
Unearned Revenue 300
Mitchel, Capital 37,300
Total 38,800 38,800
 Mitchel Delivery Service
Income Statement
month ended December 31, 2016

Revenues:
Service Revenue 20,850

Expenses:
Salaries Expense 2,200
Rent Expense 2,100
Supplies Expense 650
Fuel Expense 600
Depreciation Expense--Truck 100
Insurance Expens 100
Total Expenses (5,750)
Net Income 15,100
 MITCHEL DELIVERY SERVICE
Statement of Owner's Equity
Month Ended December 31, 2016

Mitchel, Capital, December 1, 2016 0

Owner Contributions 25,000
Net Income 15,100
40,100
Owner Withdrawal (2,800)
Mitchel, Capital, December 31, 2016 37,300
 MITCHEL DELIVERY SERVICE
Balance Sheet
December 31, 2016

Assets
Cash 19,900
Accounts Receivable 2,250
Office Supplies 150
Prepaid Insurance 500
Truck 16,000
Accumulated Depreciation-- (100) 15,900

Total Assets 38,700

TCHEL DELIVERY SERVICE
Balance Sheet
December 31, 2016

Liabilities
Accounts Payable 0
Salaries Payable 1,100
Unearned Revenue 300
Total Liabilities 1,400

Owners Equity
Mitchel, Capital 37,300
Total Liabilities and Owner's Equity 38,700