Question

Sold 3 rock foundations on account to the customer, Amy's Bird sanctuary, $825 plus 8% sales tax, total $891

sold 20 sprinkler heads on account to the customer, Sushi by katsuyuki, $40 plus 8% sale tax, total $43.20

Complete 4 hours of installation of landscape design for Kookies by kathy, received $200.

Complete 3 hours custom design work for cool cars, received $225.

Complete 10 hours of custom design work on account for the customer, John Melton, $750.

Received a bill from Lee advertising, $250, for local paper advertising

Received a bill from Cal telephone for $56.50, for telephone expense.

Received a bill from PG&E for $86.44, for utilities gas and electric expense.

Received a bill from Hall Properties for $900, for building lease.

Issued check No.71 from the checking account to Chin's gas and oil, $48.05, for automobile. In the account field, Type the amount, $48.05 select sample company, the default check number.

Issued check No. 72 to Ellis equipment rental, from the checking account, $115, for equipment rental, and expenses account.

Issued check No. 73 to red Rock Dinner, from the checking account, for $23.37, for meals and entertainment.

Display the trial balance. In the transaction date field.
Trial balance:

Checking 1,439.58

Accounts receivable 6,965.72

Accounts payable 2,895.61

Design Income 3,225.00

Advertising 324.86

Answer 1

SOLUTION:

TRIAL BALANCE
	Debit	Credit
Checking	$1,439.58
Savings	$800.00
Accounts Receivable (A/R)	$6,965.72
Truck: Original Cost	$13,495.00
Inventory Asset	$206.25
Undeposited Funds	$2,062.52
Mastercard		$157.72
Accounts Payable (A/P)		$2,895.61
Loan Payable		$4,000.00
Arizona Dept. of Revenue Payable		$0.00
Board of Equalization Payable		$440.14
Notes Payable		$25,000.00
Opening Balance Equity	$9,337.50
Design income		$3,225.00
Discounts given	$89.50
Landscaping Services		$1,477.50
Landscaping Services: Job Materials: Fountains and Garden Lighting		$2,246.50
Landscaping Services :Labor: Installation		$450.00
Landscaping Services: Job Materials: Sprinklers and Drip Systems		$138.00
Landscaping Services: Job Materials: Plants and Soil		$2,351.97
Landscaping Services: Labor: Maintenance and Repair		$50.00
Pest Control Services		$110.00
Sales of Product Income		$1,777.75
Services		$503.55
Cost of Goods Sold	$795.00
Equipment Rental	$227.00
Advertising	$324.86
Automobile	$113.96
Automobile: Fuel	$397.46
Insurance	$241.23
Job Expenses	$155.07
Job Expenses: Job Materials: Decks and Patios	$234.04
Job Expenses: Job Materials: Sprinklers and Drip Systems	$215.66
Job Expenses: Job Materials: Plants and Soil	$353.12
Legal & Professional Fees	$75.00
Legal & Professional Fees: Accounting	$640.00
Legal & Professional Fees: Lawyer	$400.00
Legal & Professional Fees: Bookkeeper	$55.00
Maintenance and Repair	$185.00
Maintenance and Repair: Equipment Repairs	$755.00
Meals and Entertainment	$51.86
Rent or Lease	$1,800.00
Office Expenses	$18.08
Utilities: Telephone	$187.36
Utilities: Gas and Electric	$286.97
Miscellaneous	$2,916.00
	$44,823.74	$44,823.74