J L Accounting

Topics: Generally Accepted Accounting Principles, Balance sheet, Revenue Pages: 4 (154 words) Published: December 31, 2014
J & L Accounting, Inc.
Income Statement
For the Month Ending January 31, 2013

Revenues
Service Revenues8,375.00
Expenses
Advertising Expense2,350.00
Rent Expense1,000.00
Office Supplies Expense 75.00
Telephone Expense 660.00
Utilities Expense2,925.00
Depreciation Expense1,100.00
Total Expenses 8,110.00
Net Income 265.00

J & L Accounting, Inc.
Post-Closing Trial Balance
January 31, 2013

Balance
Account Titles Debit Credit Cash, Business Checking 7,115.00

Accounts Receivable 3,750.00
Prepaid Rent 11,000.00
Vehicles 48,000.00
Accumulated Depreciation, Vehicles13,000.00
Equipment 3,600.00
Accumulated Depreciation, Equipment 700.00
Accounts Payable
Common Stock38,000.00
Retained Earnings21,765.00
Dividends
Service Revenue
Advertising Expense
Rent Expense
Office Supplies Expense
Telephone Expense
Utilities Expense
Depreciation Expense Totals73,465.0073,465.00

J & L Accounting, Inc.
Balance Sheet
January 31, 2013

Assets
Cash, Business Checking 7,115.00
Accounts Receivable 3,750.00
Prepaid Rent 11,000.00
Vehicles48,000.00
Less: Accumulated Depreciation, Vehicles13,000.00...
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