Question

I need step by step to know where is my mistake ?

Account Name:

Credit Card – Visa $0 November 30, 2021

Checking - Raincross Business Bank 4673 $13,000 November 30, 2021

Savings - Raincross Business Bank$5,000 November 30, 2021

Display your trial balance report for 12/01/2021

Wednesday, December 1, 2021

•Received cash from Dan Greany for Hand Wash with Interior and Electronic Odor Elimination services, using Sales Receipt number 21-102. (Remember to deposit to Undeposited Funds.)

•Received check number 429 from Sean Murphy for Hand Wash and Engine Clean services.

•Wrote check number 10010 to Scheideman Property Management for $4,500 for three months’ rent (December rent plus prepaid rent for January and February).

•Received check number 461 from Logan Webb for Rock Chip Windshield Repair service

•Invoice Mike Carson at Carson Car Sales for 4 small-vehicle and 3 large-vehicle Full Interior/Exterior Detail services; Invoice number 21-105 ($1,395).•Received cash from Sally Cassen for Paint Protection service for large van.•Create a purchase order to Patsy’s Automotive Supplies for 30 units of Window Cleaner, Glass

PRODUCT AND SERVICE

Hand Wash with Interior service $35

Electronic Odor Elimination services service $25

Engine Clean services service $45

Rock Chip Windshield Repair service service $55

Full Interior/Exterior Detail services large service $225

Full Interior/Exterior Detail services small service $180

Paint Protection service for large service $125

Window Cleaner inventory item $4

thank you

Answer 1

POINT WISE EXPLANATION:-

1. Received cash from Dan Greany for Hand Wash with Interior and Electronic Odor Elimination services, using Sales Receipt number 21-102. (Remember to deposit to Undeposited Funds) :- CASH HAS BEEN RECEIVED TO THE EXTENT OF $35 +$ 25= $60 AGAINST SALES RECEIPT NO. 21-102 . THE ENTRY RO THE ABOVE WILL BE

CASH A/C - DR. $60

TO SALES $60

2. Received check number 429 from Sean Murphy for Hand Wash and Engine Clean services :- CHECK HAS BEEN RECEIVED OF $35 + $45 = $80 DEPOSITED IN BANK CHECKING A/C FOR WHICH BANK A/C WILL BE DEBITED AND DIRECT INCOME WILL BE CREDITED AS ALL THE INCOMES ARE CREDITED AND EXPENSES ARE DEBITED

3. Wrote check number 10010 to Scheideman Property Management for $4,500 for three months’ rent (December rent plus prepaid rent for January and February) :

RENT A/C - DR $1500

PREPAID EXPENSES -DR $ 3000

TO BANK A/C A/C $4500

4. Received check number 461 from Logan Webb for Rock Chip Windshield Repair service :- $ 55 WILL BE DEBITED TO BANK A/C AND CREDITED TO DIRECT INCOME

5. Invoice Mike Carson at Carson Car Sales for 4 small-vehicle and 3 large-vehicle Full Interior/Exterior Detail services; Invoice number 21-105 ($1,395).​​​​​​ :- 4*180+3*225 = $1395 . SINCE INVOICE HAS BEEN RAISED WE WILL DEBIT THE DEBTOR MIKE CARSON AND CREDIT THE CAR SERVICE A/C WITH$1395

6. Received cash from Sally Cassen for Paint Protection service for large van :- $125 RECEIVED AS CASH FOR PAINT PROTECTION HENCE CASH WILL BE DEBIOTED AND PAINT PROTECTION SERVICE A/C WILL BE CREDITED

7.  Create a purchase order to Patsy’s Automotive Supplies for 30 units of Window Cleaner, Glass

PURCHASE A/C - DR $120

TO PATSY AUTOMATIVE SUPPLIER (CREDITOR) $120

TRIAL BALANCE
PARTICULARS	AMOUNT	AMOUNT
	IN $	IN $
	DR.	CR.
PURCHASES		120.00
SALES		60.00
CASH	185.00
BANK- CHECKING A/C	10,030.00
BANK SAVINGS A/C	5,000.00
RENT	1,500.00
PREPAID EXPENSES	3,000.00
MIKE CARSON- DEBTOR	1,395.00
PATSY AUTOMOTIVE SUPPLIE- CREDITOR		120.00
DIRECT INCOMES- HANDWASH/ENGINE CLEANING		80.00
DIRECT INCOMES- WINSHIELD REPAIR		55.00
DIRECT INCOMES- CAR SERVICE		1,395.00
DIRECT INCOMES- PAINT PROTECTION		125.00