General Journal

Date Description Debit Credit

1-Dec Cash ###
Common Stock ###
1-Dec Rent Expense ###
Cash ###
1-Dec Prepaid Insurance ###
Cash ###
1-Dec Equipment ###
Cash ###
5-Dec Suppplies $ 300
Account Payable $ 300
15-Dec Cash ###
Service Revenue ###
16-Dec Account Receivable ###
Service Revenue ###
21-Dec Cash ###
Account Recivable ###
23-Dec Account Payable $ 170
Cash $ 170
28-Dec Wages Expense ###
Cash ###
30-Dec Dividends $ 200
Cash $ 200
31-Dec Insurance Expense $ 90
Prepaid Insurance $ 90
31-Dec Supplies Expense $ 210
Supplies $ 210
31-Dec Depreciation Expense $ 80
Accumulated Depriciation $ 80
31-Dec Wages Expense $ 480
Wages Payable $ 480
 Record Closing Entry
31-Dec Debit Credit
Service Revenue 16,400
Retained Earnings 16,400

Retained Earnings 6,690

Rent Expense $ 1,350
Wages Expense $ 4,960
Insurance Expense $ 90
Supplies Expense $ 210
Depreciation Expense $ 80

Retained Earnings 200

Dividends $ 200
 Cash Accounts Payable
$ 9,500 $ 300
$ 1,350 $ 170
$ 1,080 $ 130
$ 4,800
$ 8,800
$ 3,200
$ 170
$ 4,480
$ 200
$ 9,420

Account Receivables
$ 1 Wages Payable
693+ $ 3,200 $ 480
$ 4,400
$ 480

Supplies
$ 300
$ 210
$ 90

Prepaid Insurance
$ 1,080
$ 90
$ 990
 Equipment
$ 4,800

$ 4,800

Accumulated Depreciation
$ 80

$ 80
 Common Stock Insurance Expense
$ 9,500 $ 90

$ 9,500 $ 90
$ 90
Bal. 0

Retained Earnings Supplies Expense

$ - $ 210
$ 16,400
$ 6,690 $ 210
$ 200 $ 210
Bal. 9,510 Bal. 0

Service Revenue Depreciation Expense

$ 8,800 $ 80
$ 7,600
$ 80
$ 16,400 $ 80
$ 16,400 Bal. 0
Bal. 0

Rent Expense Dividends

$ 1,350 $ 200

$ 1,350 $ 200
$ 1,350 $ 200
Bal. 0 Bal. 0
 Wages Expense
$ 4,480
$ 480
$ 4,960
$ 4,960
Bal. 0
e Expense

Expense

on Expense

dends
 Unadjusted Trial Balance

Accounts
Debit Credit
Cash $ 9,420
Accounts Receivables $ 4,400
Supplies $ 300
Prepaid Insurance $ 1,080
Equipment $ 4,800
Accumulated Depreciation $ -
Accounts Payable $ 130
Wages Payable $ -
Common Stock $ 9,500
Retained Earnings $ -
Dividends $ 200
Service Revenue $ 16,400
Rent Expense $ 1,350
Wages Expense $ 4,480
Insurance Expense $ -
Supplies Expense
Depreciation Expense $ -
Totals $ 26,030 $ 26,030
 Adjusted Trial Balance

Debit Credit
Cash $ 9,420
Accounts Receivable $ 4,400
Supplies $ 90
Prepaid Insurance $ 990
Equipment $ 4,800
Accumulated Depreciation $ 80
Accounts Payable $ 130
Wages Payable $ 480
Common Stock $ 9,500
Retained Earnings $ -
Dividends $ 200
Service Revenue $ 16,400
Rent Expense $ 1,350
Wages Expense $ 4,960
Insurance Expense $ 90
Supplies Expense $ 210
Depreciation Expense $ 80
Totals $ 26,590 $ 26,590
 Sonia Saldana, Inc.
Income Statement
For the month Ended December 31, 2015
Service Revenue $ 16,400
Beg. Balance
Expenses: Add Inssuance
Rent Expense $ 1,350 Add Net Income
Wages Expense $ 4,960 Less Dividens
Insurance Expense $ 90 Ending Balance
Supplies Expense $ 210
Depreciation Expense $ 80
Total Expenses $ 6,690
Net Income $ 9,710
 Sonia Saldana, Inc.
Statement of Stockholders' Equity
For the month Ended December 31, 2015
Common Stock Retaine Earnings Total Stockholders Equity
$ - $ -
$ 9,500 $ 9,500
$ 9,710 $ 9,710
$ (200) $ 200
$ 9,500 $ 9,510 $ 19,010
 Sonia Saldana, Inc.
Classified Balance Sheet
At December 31, 2015
Assets Liabilities
Cash $ 9,420 Accounts Payable
Accounts Receivable $ 4,400 Wages Payable
Supplies $ 90
Prepaid Insurance $ 990 Total Liabilities
Total Current Assets $ 14,900
Stockholders Equity
Equipment $ 4,800 Common Stock
Accumulated Depreciation $ (80) Retained Earnings
Total Assets $ 19,620 Total Stockholders Equity

Total Liabilities & Total Stockholders Equity

$ 130
$ 480

$ 610

$ 9,500
$ 9,510
$ 19,010

$ 19,620