$1$ Record your initial investment

$1/2/2018$ Cash $$100,000$

Common stock $$100,000$

$2$ Record the energy bills

$1/31/2018$ Utility expenses $$665\mathrm{.}72$

Utility payable $$665\mathrm{.}72$

$2/15/2018$ Utility Payable $$665\mathrm{.}72$

Cash $$665\mathrm{.}72$

$2/28/2018$ Utility expenses $$845\mathrm{.}79$

Utility payable $$845\mathrm{.}79$

$3/15/2018$ Utility Payable $$845\mathrm{.}79$

Cash $$845\mathrm{.}79$

$3/15/2018$ Utility expenses $$795\mathrm{.}63$

Utility payable $$795\mathrm{.}63$

$4/15/2018$ Utility Payable $$795\mathrm{.}63$

Cash $$795\mathrm{.}63$

$3$ Record all moving jobs that are listed on your calendar

$1/4/2018$ Cash $$1,500$

Sale $$1,500$

$1/4/2018$ Contractor expense $(12$x$$20)$ $$240$

Contractor expense payable $$240$

$1/4/2018$ Supplies expenses $$200$

Cash $$200$

$1/6/2018$ Cash $$300$

Sale $$300$

$1/6/2018$ Contractor expense $(2$x$$20)$ $$40$

Contractor expense payable $$40$

$1/6/2018$ Supplies expenses $$50$

Cash $$50$

$1/6/2018$ Contractor expense payable $$280$

Cash $$280$

$1/9/2018$ Cash $$2,200$

Sale $$2,200$

$1/9/2018$ Contractor expense $(15$x$$20)$ $$300$

Contractor expense payable $$300$

$1/9/2018$ Supplies expenses $$500$

Cash $$500$

$1/12/2018$ Cash $$400$

Sale $$400$

$1/12/2018$ Contractor expense $(2\mathrm{.}5$x$$20)$ $$50$

Contractor expense payable $$50$

$1/12/2018$ Supplies expenses $$50$

Cash $$50$

$1/13/2018$ Contractor expense payable $$350$

Cash $$350$

$1/28/2018$ Cash $$350$

Sale $$350$

$1/28/2018$ Contractor expense $(1\mathrm{.}5$x$$20)$ $$30$

Contractor expense payable $$30$

$1/28/2018$ Supplies expenses $$50$

Cash $$50$

$2/1/2018$ Cash $$1,500$

Sale $$1,500$

$2/1/2018$ Contractor expense $(12$x$$20)$ $$240$

Contractor expense payable $$240$

$2/1/2018$ Supplies expenses $$300$

Cash $$300$

$2/3/2018$ Contractor ecpense payable $$270$

Cash $$270$

$2/40/2018$ Cash $$650$

Sale $$650$

$2/4/2018$ Contractor expense $(5$x$$20)$ $$100$

Contractor expense payable $$100$

$2/4/2018$ Supplies expenses $$50$

Cash $$50$

$2/10/2018$ Contractor expense payable $$100$

Cash $$100$

$2/16/2018$ Cash $$5,000$

Sale $$5,000$

$2/16/2018$ Contractor expense $(23$x$$20)$ $$460$

Contractor expence payable $$460$

$2/16/2018$ Supplies expenses $$1,000$

Cash $$1,000$

$2/20/2018$ Cash $$500$

Sale $$500$

$2/20/2018$ Contractor expense $(3$x$$20)$ $$60$

Contractor expense payable $$60$

$2/20/2018$ Supplies expenses $$50$

Cash $$50$

$2/24/2018$ Contractor expense payable $$520$

Cash $$520$

$3/10/2018$ Cash $$2,000$

Sale $$2,000$

$3/10/2018$ Contractor expense $(18$x$$20)$ $$360$

Cash $$360$

$3/10/2018$ Supplies expenses $$300$

Cash $$300$

$3/14/2018$ Cash $$300$

Sale $$300$

$3/14/2018$ Contractor expense $(1\mathrm{.}5$x$$20)$ $$30$

Contractor expense payable $$30$

$3/14/2018$ Supplies expenses $$50$

Cash $$50$

$3/17/2018$ Supplies expense payable $$30$

Cash $$30$

$3/29/2018$ Cash $$1,500$

Sale $$1,500$

$3/29/2018$ Contractor expense $(12$x$$20)$ $$240$

Contractor expense payable $$240$

$3/29/2018$ Supplies expenses $$300$

Cash $$300$

$3/31/2018$ Contractor expense payable $$240$

Cash $$240$

$4$ Record the two separate truck purchases and calculated depreciation for Jan, feb and March

$1/12/2018$ Moving trucks $$103,480$

Long term Loan $$103,480$

$3/23/2018$ Moving Trucks $$48,325$

Long term loan $$48,325$

$1/31/2018$ Depreciation expense $$718\mathrm{.}61$

Accumulated Depreciation $$718\mathrm{.}61$

$($Full month depreciation is charged$)$

$2/28/2016$ Depreciation expense $$718\mathrm{.}61$

Accumulated Depreciation $$718\mathrm{.}61$

Depreciation is not charged on second purchase as it put to use in last

$2/1/2018$ Long term loan $$1,724\mathrm{.}67$

Cash $$1,724\mathrm{.}67$

$($Loan installment paid$)$

$3/1/2018$ Long term loan $$1,724\mathrm{.}67$

Cash $$1,724\mathrm{.}67$

$5$ Record the leasing agreement

$1/1/2018$ Refundable Deposit $$5,000$

Cash $$5,000$

$1/1/2018$ Rent expense $$1,000$

Cash $$1,000$

$2/1/2018$ Rent expense $$1,000$

Cash $$1,000$

$3/1/2018$ Rent expense $$1,000$

Cash $$1,000$ I need help putting together the income statement. Im not sure how to comes up with the sales, total income, gross profit, total expenses, net operating income,and net income

Answer rating: 100% (QA)

Here is an example income statement for the journal entries provided Income S... View the full answer