Prepare an unadjusted General Ledger Trial Balance. Chart of Accounts Review the Chart of Accounts for this
Question:
Prepare an unadjusted General Ledger Trial Balance.
Chart of Accounts
Review the Chart of Accounts for this project.
Accounts Payable
Accounts Receivable
Accumulated Depreciation - Equipment
Advertising Expense
Bank Service Charge
Cash
Depreciation Expense
Equipment
Gas and Oil
Gas and Oil Expense
Insurance Expense
Interest Expense
Interest Payable
Mileage Expense
Nick Roberts, Capital
Nick Roberts, Withdrawal
Note Payable
Phone Expense
Prepaid Insurance
Revenue
Supplies
Supplies Expense
Unearned Revenue
Business Transactions
Transcribed Image Text:
Nick Roberts invested capital in his new business venture by November Deposit depositing money into an interest bearing business checking S5,000.00 1, 2015 Ticket 1 account. November Deposit Nick borrowed from the local bamk. It is a 5-year note, 10% $15,000.00 1, 2015 Ticket 1 interest. Check November Nick paid cash for a trailer listed on Craig's list to haul his S6,000.00 Number 2, 2015 lawn equipment. 100 Nick signed a contract with a cellular company and November purchased a smart phone on account to track appointments $250.00 2, 2015 and make business phone calls (anything less than $300 is considered an expense). November $4,000.00 Nick purchased a lawn tractor at Sears on account. 3, 2015 Check Nick paid cash for a hand lawn mower at Menards (anything tangible over $300 is capitalized as a fixed asset). November Number $600.00 3, 2015 101 Check November Nick paid for a one-year insurance policy that is effective $1,200.00 Number 4, 2015 November 1. 102 November Nick signed a contract with a local graphic center to detail $700.00 5, 2015 the name of the business on his truck for advertising. Nick paid cash for supplies (gas cans, rakes, & garbage cans) Check November Number which he will be using in November for the business. (hint - $90.00 5, 2015 103 he is using them right away so they are an expense) Check Nick filled all of the gas cans and purchased oil for the lawn Number equipment. (Gas & Oil are recorded as an asset and adjusted November $225.000 8, 2015 at the end of the month for usage). 104 Nick advertised his business in the local newspaper. The November $100.00 9, 2015 newspaper mvoices their customers monthly. Nick performed lawn service for The Local Community November Invoice College campus and its dormitories. The college was $1,400.00 10, 2015 001 invoiced. November Deposit Nick performed lawn service for The CPA Fim and received $200.00 11, 2015 Ticket 2 cash. November Deposit The Insurance Agency gave Nick an advance payment to S600.00 14, 2015 Ticket 2 maintain their lawn. Nick quoted them $200 per service visit. November Deposit Nick received partial payment for Invoice 001. $300.00 15, 2015 Ticket 2 November Invoice Nick performed lawn service for MNO Manufacturing. The $400.00 17, 2015 002 company was invoiced, Check November Nick filled all of the gas cans and purchased oil for the lawn Number $230.00 19, 2015 equipment. 105 Check November Nick paid the local graphic center for the work they did on Number $700.00 19, 2015 his truck. 106 November Deposit Nick received payment for Invoice 002. $400.00 22, 2015 Ticket 3 Nick performed lawn service for The Local Community November Invoice College campus and its dormitories. The college was $950.00 24, 2015 003 mvoiced. Check November Nick filled all of the gas cans and purchased oil for the lawn Number $375.00 28, 2015 equipment. 107 Check November Nick submitted an expense report for business mileage Number $185.00 28, 2015 incurred on his personal truck. 108 November Invoice Nick performed lawn service for a new client, FSC S800.00 29, 2015 004 Corporation and sent them an invoice.
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