Services revenue

Account No$.$

$41$

$\backslash$table$[[$Date$,$Item,$\backslash$table$[[$Post$],[$Ref$]],$Debit,Credit,$\backslash$table$[[$Balance$],[$Debit$],[$Credit$]]],[,,,,,,],[,,,,,,],[,,,,,,],[,,,,,,],[,,,,,,],[,,,,,,],[,,,,,,],[,,,,,,]]$

Wages expense

Account No$.$

$51$

$\backslash$table$[[$Date$,$Post,Credit,Debit

$\backslash$table$[[$Balance$],[$Ref$]],$Debit,Item$],[,,,,,,],[,,,,,,]]$

Rent expense

Account No$.$

$53$

Rent expense

$\backslash$table$[[$Date$,$Item,$\backslash$table$[[$Post$],[$Ref$]],$Debit,Credit,$\backslash$table$[[$Balance$],[$Debit$],[$Credit$]]],[,,,,,,,],[,,,,,,,]]$

Utilities expense

Account No$.$

$54$

$\backslash$table$[[$Utiliti$,$expense,,,,count Nc$,54],[,,$Post,,,,$],[$Date$,$Item,Ref,Debit,Credit,Debit,Credit$],[,,,,,,],[,,,,,,]]$

Van expense

Van expense

$\backslash$table$[[,,,,,,],[$Date$,$Item,$\backslash$table$[[$Post$],[$Ref$]],$Debit,Credit,Balance$],[,,,,,,],[,,,,,,]]$

Miscellaneous expense

Account No$.$

$59$

$\backslash$table$[[$A$1$ Inspections,$],[$Unadjusted Trial Balance,,$],[$June $30,2020,$Debit,Credit$],[$Account$,,],[$Cash$,,],[$Accounts receivable,,$],[$Supplies$,,],[$Prepaid insurance,,$],[$Equipment$,,],[$Van$,,],[$Notes payable,,$],[$Accounts payable,,$],[$Sue Grant, Capital,,$],[$Sue Grant, Drawing,,$],[$Services revenue,,$],[$Wages expense,,$],[$Rent expense,,$],[$Utilities expense,,$],[$Van expense,,$],[$Miscellaneous expense,,$],[,,],[$TOTAL$,,]]$ACG$2001$ Milestone Assignment #$1$ Instructions Version $23.$A

Chart of Accounts

$\backslash$table$[[11,$Cash,$31,$Sue Grant, Capital$],[12,$Accounts Receivable,$32,$Sue Grant, Drawing$],[13,$Supplies,$41,$Services Revenue$],[14,$Prepaid Insurance,$51,$Wages Expense$],[16,$Equipment,$53,$Rent Expense$],[18,$Van,$54,$Utilities Expense$],[21,$Notes Payable,$55,$Van Expense$],[22,$Accounts Payable,$59,$Miscellaneous Expense$]]$

Step $1$: Journalize the following transactions.

Enter the following on page $1$ of the general journal.

June $1$ Sue transferred cash from a personal bank account to an account to be used for the business, $$50,000.$

$1$ Paid rent for the month of June $$2,500.$

$3$ Purchased a used van for $$20,000.$ Sue paid $$5,000$ cash as a down payment and signed a note for the remainder.

$4$ Purchased office equipment on account, $$9,000.$

$10$ Purchased supplies for cash, $$1,100.$

$11$ Paid annual premiums on property and casualty insurance, $$2,500.$

$15$ Received cash for job completed, $$5,000.$

$20$ Recorded jobs completed on account and sent invoices to customers, $$17,850.$

$23$ Received an invoice in the mail for van$-$related expenses, to be paid in July $$875.$

$28$ Paid miscellaneous expenses, $$200.$

$28$ Paid utilities expense, $$2,300.$

$30$ Paid wages of employees, $$6,200.$

Enter the following on page $2$ of the general journal.

$30$ Received cash from customers on account, $$7,000.$

$30$ Paid creditor a portion of the amount owed for equipment purchased earlier in the month, $$3,250.$

$30$ Withdrew cash for personal use, $$2,500.$

Step $2$: Post the journal entries in Step $1$ to a four$-$column general ledger.

Step $3$: Prepare an unadjusted trial balance for A$1$ Inspections as of June $30,2020.$

GENERAL JOURNAL

GENERAL JOURNAL

PAGE $2$

ACG$2001$ Milestone Assignment #$1$ Instructions Version $23.$A

Chart of Accounts

$\backslash$table$[[11,$Cash,$31,$Sue Grant, Capital$],[12,$Accounts Receivable,$32,$Sue Grant, Drawing$],[13,$Supplies,$41,$Services Revenue$],[14,$Prepaid Insurance,$51,$Wages Expense$],[16,$Equipment,$53,$Rent Expense$],[18,$Van,$54,$Utilities Expense$],[21,$Notes Payable,$55,$Van Expense$],[22,$Accounts Payable,$59,$Miscellaneous Expense$]]$

Step $1$: Journalize the following transactions.

Enter the following on page $1$ of the general journal.

June $1$ Sue transferred cash from a personal bank account to an account to be used for the business, $$50,000.$

$1$ Paid rent for the month of June $$2,500.$

$3$ Purchased a used van for $$20,000.$ Sue paid $$5,000$ cash as a down payment and signed a note for the remainder.

$4$ Purchased office equipment on account, $$9,000.$

$10$ Purchased supplies for cash, $$1,100.$

$11$ Paid annual premiums on property and casualty insurance, $$2,500.$

$15$ Received cash for job completed, $$5,000.$

$20$ Recorded jobs completed on account and sent invoices to customers, $$17,850.$

$23$ Received an invoice in the mail for van$-$related expenses, to be paid in July $$875.$

$28$ Paid miscellaneous expenses, $$200.$

$28$ Paid utilities expense, $$2,300.$

$30$ Paid wages of employees, $$6,200.$

Enter the following on page $2$ of the general jour