Cajegas Trucking Services
8--4 Worksheet
June 30, 20B
Unadjusted Trial Bal. Adjustments Income Statement
Particulars
Debit Credit Debit Credit Debit
Cash In Bank 1,020,000
Petty Cash Fund 1,000
Accounts Receivable 120,000
Est. Uncollectible Account 1,200 1,200
Unused Supplies 15,000 10,000
Prepaid Insurance 8,500 6,200
Prepaid Rent 30,000 18,000
Delivery Truck 1,500,000
Acc. Depreciation-Delivery Truck 250,000 105,000
Accounts Payable 130,000
P. Cajegas, Capital 1,818,500
P. Cajegas, Drawing 50,000
Trucking Income 935,000
Taxes and Licenses 10,000 10,000
Repairs & Maintainance 27,000 27,000
Retaineer Fees 25,000 25,000
Salaries & Wages 320,000 320,000
Utilities Expense 8,200 8,200
Adjustments:
Uncollectible Accounts 1,200 1,200
Used Supplies 10,000 10,000
Insurance Expense 6,200 6,200
Rent Expense 18,000 18,000
Depreciation Expense 105,000 105,000
Total 3,134,700 3,134,700 140,400 140,400 530,600
(404,400)
935,000
Cajegas Trucking Services Cajegas Trucki
Income Statement Statement of Ow
For the month ended June 30, 20B For the month end
Debit Credit
Revenue: P. Cajegas, Capital
Trucking Income 935,000 Net Income
Expense: Less: Withdrawals
Taxes and Licenses 10,000 Increase In Capital
Repairs & Maintainance 27,000 P. Cajegas, Capital
Retaineer Fees 25,000
Salaries & Wages 320,000
Utilities Expense 8,200
Uncollectible Accounts 1,200
Used Supplies 10,000
Insurance Expense 6,200
Rent Expense 18,000
Depreciation Expense 105,000
530,600
Total
(404,400)
Adjusting Entry:
1 Uncollectible Accounts Expense 1,200
Estimated Uncollectible Accounts 1,200
Income Statement Balance Sheet
Credit Debit Credit 2. Used Supplies 10,000
1,020,000 Unused Supplies 10,000
1,000
120,000 3. Insurance Expenses 6,200
2,400 Prepaid Insurance 6,200
5,000
2,300 4. Rent Expense 18,000
12,000 Prepaid Rent 18,000
1,500,000
355,000 5. Depreciation Expense 105,000
130,000 Acc. Depreciation 105,000
1,818,500
50,000
935,000
935,000 2,710,300 2,305,900
404,400
935,000 2,710,300 2,710,300
Cajegas Trucking Services Cajegas Trucking Services
Statement of Owner's Equity Balance Sheet
For the month ended June 30, 20B For the month ended June 30, 20B
Debit Credit
Cajegas, Capital 1,818,500 Current Asset
et Income 404,400 Cash In Bank
ss: Withdrawals 50,000 Petty Cash Fund
crease In Capital 354,400 Accounts Receivable
Cajegas, Capital 2,172,900 Est. Uncollectible Account
Unused Supplies
Prepaid Insurance
Prepaid Rent
Delivery Truck
Non Current Asset
Acc. Depreciation-Delivery Truck
Total Asset
Liabilties & Owners Equity
Accounts Payable
Owner's Equity
P. Cajegas, Capital
Total Liabilities & OE
egas Trucking Services
Balance Sheet
month ended June 30, 20B
Debit Credit
1,020,000
1,000
120,000
2,400
5,000
2,300
12,000
1,500,000
355,000
2,660,300 357,400
2,302,900
130,000
2,172,900
2,302,900
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