GENERAL JOURNAL

Date
Account Names
Debit
12/1/16 Cash
30,000
Micron Capital
12/1/16 Equipment - Truck
8,000
Micron Capital
12/1/16 Prepaid insurance
600
Cash
12/4/16 Office Supplies
450
Cash
12/12/16 Cash
1,500
Service Revenue
12/15/16 Accounts Receivable
3,300
Service Revenue
12/18/16 Salaries Expense
1,100
Cash
12/20/16 Cash
6,000
Service Revenue
12/22/16 Cash
2,200
Unearned Revenue
12/25/16 Cash
3,300
Accounts Receivable
12/27/16 Fuel Expense
150
Accounts Payable
12/28/16 Accounts Receivable
900
Service Revenue
12/29/16 Rent Expense
1,200
Cash
12/30/16 Accounts Payable
150
Cash
12/31/16 Micron Withdrawls
2,600
Cash
12/31/16 Salaries Expense
1,100
Salaries Payable
To accrue salaries expense
12/31/16 Deprec Expense -Truck
100
Accum Deprec - truck
to record Depreciation on truck
12/31/16 Insurance Expense
100
Prepaid Insurance
To record Insurance Expense
12/31/16 Supplies Expense
200
Office Supplies
To record office supplies used
12/31/16 Unearned Revenue
1,400
Service Revenue
To record service revenue earned that was collected in advance
12/31/16 Accounts Receivable
1,050
Service Revenue
To accrue service revenue

Credit
30,000
8,000
600
450
1,500
3,300
1,100
6,000
2,200
3,300
150
900
1,200
150
2,600
1,100

100

100

200

1,400

1,050

CASH
Dec. 1 30,000 600 Dec 1
Dec 12 1,500 450 Dec 4
Dec 20 6,000 1,100 Dec 18
Dec 22 2,200 1,200 Dec 29
Dec 25 3,300 150 Dec 30
2,600 Dec 31
Bal 36,900

GENERAL LEDGER
ACCOUNTS RECEIVABLE
Dec 15 3,300 3,300 Dec 25
Dec 28 900
Dec 31 1,050

Bal 1,950

PREPAID INSURANCE EXPENSE

Dec 1 600
100 Dec 31

OFFICE SUPPLIES
Dec 4 450
200 Dec 31

BAL 250

EQUIPMENT

ACCUM. DEPREC. -EQUIP.

100 Dec 31

BAL 500

Bal 100

TRUCK
Dec. 1 8,000

ACCOUNTS PAYABLE
Dec 30 150
150 Dec 27

NOTES PAYABLE

BAL 8,000
SALARIES PAYABLE
1,100 Dec 31

MICRON CAPITAL
30,000 Dec 1
8,000 Dec 1

Bal 1,100
INCOME SUMMARY

BAL 38,000
SERVICE REVENUE
1,500 Dec 12
3,300 Dec 15
6,000 Dec 20
900 Dec 28
1,400 Dec 31
1,050 Dec 31
Bal 14,150

MICRON WITHDRAWLS
Dec 31 2,600

BAL 2,600
SALARIES EXPENSE
Dec 18 1,100
Dec 31 1,100

BAL 2,200

DEPREC. EXP. -TRUCK.

Dec 31 100

GENERAL LEDGER
INSURANCE EXPENSE
DEC 31 100

FUEL EXPENSE
Dec 27 150

Bal 100

BAL 100

Bal 150

SUPPLIES EXPENSE
Dec 31 250
450 Dec 4

BAL 200

UNEARNED REVENUE
Dec 31 1,400 Dec 22 2,200

BAL 800

GENERAL LEDGER

RENT EXPENSE
Dec 29 1,200

BAL 1,200

MICRON DELIVERY SERVICE

UNADJUSTED TRIAL BALANCE
DECEMBER 31 2016
Account Name
CASH
ACCOUNTS RECEIVABLE
OFFICE SUPPLIES
PREPAID INSURANCE
TRUCK
UNEARNED REVENUE
MICRON CAPITAL
MICRON WITHDRAWLS
SERVICE REVENUE
RENT EXPENSE
SALARIES EXPENSE
FUEL EXPENSE
TOTAL

Debit
36,900
900
450
600
8,000

2,600
1,200
1,100
150
51,900

Credit

2,200
38,000
11,700

51,900

Micron Delivery Service

ADJUSTED TRIAL BALANCE
December 31 2016
Account Name
cash
Accounts receivable
Office Supplies
Prepaid Insurance
Truck
Accumulated Deprec. -Truck
Salaries Payable
Unearned Revenue
Micron Capital
Micron Withdrawls
service revenue
Salaries Expense
Insurance Expense
Depreciated Expense -Truck
Supplies Expense
Rent Expense
Fuel Expense
total

Debit
36,900
1,950
250
500
8,000

2,600
2,200
100
100
200
1,200
150
54,150

Credit

100
1,100
800
38,000
14,150

54,150

TRIAL BALANCE
Micron Delivery Services
Post-Closing Trial Balances
December 31 2016
Account Title
Cash
Accounts Receivable
Office Supplies
Prepaid Insurance
Truck
Accumulated Depreciation -Truck
Salaries Payable
Unearned Revenue
Micron, Capital
Total

Balance
Debit
36,900
1,950
250
500
8,000

47,600

Balance
Credit

100
1,100
800
45,600
47,600

Financial Statement Title

Micron Delivery Services
Income Statement
One month ended December 31 2016
Revenues:
Service Revenue
Expenses:
Salaries Expense
Rent Expense
Supplies Expense
Depreciation Expense -Truck
Fuel Expense
Insurance Expense
Total Expenses
Net Income

2,200
1,200
200
100
150
100

14,150

3,950
10,200

Financial Statement Title

Micron Delivery Services
Statement of Owners Equity
One Month Ended December 31 2016
Micron, Capital December 1, 2016
Net Income for One Month
Owner Withdrawl
Micron, Capital, December 31 2016

38,000
10,200
48,200
(2,600)
45,600

Financial Statement Title

Micron Delivery Service
Balance Sheet
December 31 2016
Assets
Cash
Accounts Receivable
Office Supplies
Prepaid Insurance
Truck
Less: Acc. Depr. - Truck
Total Assets
Liabilities
Salaries Payable
Unearned Rwevenue
Owners Equity
Micron, Capital
Total Liabilities and Owners Equity

8,000
(100)

36,900
1,950
250
500

7,900
47,500

1,100
800

45,600
47,500