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    Unit 1 Paper

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    harriselijah242

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    © All Rights Reserved
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    Unit 1 Paper

    Uploaded by

    harriselijah242
    8 views4 pages

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    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    8 views4 pages

    Unit 1 Paper

    Uploaded by

    harriselijah242

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    Cash E.

    H Capital Equipment
    July 1 38,000 Jul 3 3,000 July 1 38,000 July 3 3,000
    8 700 6 3,000
    22 920 11 720
    39,620 12 100
    18 155
    23 1,300
    28 200
    8,475
    31,145

    A/P - Daredevil Motors Revenue from Lessons Salaries Expense


    July 6 12,000 July 8 700 Jul 11 720
    15 100
    22 920
    1,720

    Supplies A/R Utilities Expense


    Jul 12 100 July 31 30 July 15 100 July 18 155

    70
    Rent Expense E H. Drawings Supplies Expense
    July 23 1,300 July 28 200 July 31 30

    Car
    Debit 51,720 Credit 51,720 July 6 15,000
    Rockway Driving School
    Trial Balance
    As at July 31, 2023
    Debit Credit
    Cash $31,145.00
    A/R 100.00
    Supplies 70.00
    Car 15,000.00
    Equipment 3,000.00
    Accounts Payable - D. Motors $12,000.00
    E. Harris Capital 38,000.00
    E. Harris Drawings 200.00
    Revenue from Lessons 1,720.00
    Rent Expense 1,300.00 $51,720.00
    Salaries Expense 720.00
    Supplies Expense 30.00
    Utilities Expense 155.00
    $51,720.00
    Rockway Driving School
    Income Statement
    As the month ended July 31, 2023
    Revenues
    From Lessons $1,720.00

    Expenses
    Rent $1,300.00
    Salaries 720.00
    Supplies 30.00
    Utilities 150.00 2,200.00
    Net Loss $480.00

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