Glorious garden lawn service — complete tutorial__use it as a guide

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Glorious Garden Lawn Service — complete tutorial

 

Inside the excel file tutorial includes:

 

1. Journal Entries

2. Adjusting Entries

3. Closing Entries

4. General Ledger

5. Unadjusted Trial Balance

6. Adjusted Trial Balance

7. Financial Statements (Income Statement, Statement of Owner’s Equity, Balance Sheet)

8. Post-Closing Trial Balance (this is located inside in the  “financial statements” tab in the excel file)

9. Worksheet

 

 

Check Figures:

 

Cash-checking balance July 30th $2,863.

Balance of office supplies, July 31 $25.

Gas & Oil expense account on July 26th $85.

Balance Jays Drawing account on July 19 $132.

 

Total Expenses = $1615.

Increase in Owners’ Equity (Jay Stevens, ending capital) = $4123.

Total assets = $12,048.