Accounts Sub Accounts Accounts

Assets Current Assets Assets

Liabilities Fixed Assets Assets
Equity Current Liabilities Liabilities
Expenses Fixed Liabilities Liabilities
Revenue Equity Equity
Expenses Expenses
Revenue Revenue
Contra Revenue Revenue
Financial Statement Individual Accounts
Balance Sheet Cash
Balance Sheet Equity - Mr. Donald Gray
Balance Sheet Registration & License Expense
Balance Sheet Furniture & Fixtures
Balance Sheet Service Equipments
Income Statement Accounts Payable
Income Statement Service Supplies
Income Statement Service Revenue
Accounts Receivable
Drawings - Mr. Donald Gray
Rent Expense
Loan Payable
Salaries Expense
Sub Accounts
Current Assets
Equity
Expenses
Fixed Assets
Fixed Assets
Current Liabilities
Current Assets
Revenue
Current Assets
Current Assets
Expenses
Current Liabilities
Expenses
Date Description
1-Dec-22 Started Gray Electronic Repair Services
1-Dec-22 Started Gray Electronic Repair Services
5-Dec-22 Paid Registration and License fee
5-Dec-22 Paid Registration and License fee
6-Dec-22 Purchase Furniture and Fixtures used in Business
6-Dec-22 Purchase Furniture and Fixtures used in Business
7-Dec-22 Acquired Service Equipment
7-Dec-22 Acquired Service Equipment (50% Down Payment)
7-Dec-22 Acquired Service Equipment ( balance due after 60 days.)
7-Dec-22 Purchase Service Supplies
7-Dec-22 Purchase Service Supplies
9-Dec-22 Received Service Payment
9-Dec-22 Received Service Payment
12-Dec-22 Rendered Service
12-Dec-22 Received Service Payment (after 10 days)
14-Dec-22 Additional Investment
14-Dec-22 Additional Investment
15-Dec-22 Rendered Service
15-Dec-22 Received Service Payment (after 30 days)
22-Dec-22 Collection of payment from Customer in transaction #7
22-Dec-22 Collection of payment from Customer in transaction #7
23-Dec-22 Paid payment for accounts payable from transaction #5
23-Dec-22 Paid payment for accounts payable from transaction #5
25-Dec-22 Mr. Grey Withdrawals for personal use
25-Dec-22 Mr. Grey Withdrawals for personal use
29-Dec-22 Paid Rent
29-Dec-22 Paid Rent
30-Dec-22 Acquired a short-term bank loan
30-Dec-22 Acquired a short-term bank loan
31-Dec-22 Paid Salaries to Employees
31-Dec-22 Paid Salaries to Employees
Account Debit Credit
Cash 10,000
Equity - Mr. Donald Gray 10,000
Registration & License Expense 370
Cash 370
Furniture & Fixtures 3,000
Cash 3,000
Service Equipments 16,000
Cash 8,000
Accounts Payable 8,000
Service Supplies 1,500
Accounts Payable 1,500
Cash 1,900
Service Revenue 1,900
Accounts Receivable 4,250
Service Revenue 4,250
Cash 3,200
Equity - Mr. Donald Gray 3,200
Accounts Receivable 3,400
Service Revenue 3,400
Cash 4,250
Accounts Receivable 4,250
Accounts Payable 500
Cash 500
Drawings - Mr. Donald Gray 7,000
Cash 7,000
Rent Expense 1,500
Cash 1,500
Cash 12,000
Loan Payable 12,000
Salaries Expense 3,500
Cash 3,500
Comments
Cash
Date Account
1-Dec-22 Cash
Equity - Mr. Donald Gray
5-Dec-22 Cash
Registration & License Expense
6-Dec-22 Cash
Furniture & Fixtures
7-Dec-22 Accounts Payable

Cash
Service Equipments
Service Supplies
9-Dec-22 Cash
Service Revenue
12-Dec-22 Accounts Receivable
Service Revenue
14-Dec-22 Cash
Equity - Mr. Donald Gray
15-Dec-22 Accounts Receivable
Service Revenue
22-Dec-22 Accounts Receivable
Cash
23-Dec-22 Accounts Payable
Cash
25-Dec-22 Cash
Drawings - Mr. Donald Gray
29-Dec-22 Cash
Rent Expense
30-Dec-22 Cash
Loan Payable
31-Dec-22 Cash
Salaries Expense
Total Result
Current Assets
Data
Description Sum of Debit Sum of Credit
Started Gray Electronic Repair Services 10,000
Started Gray Electronic Repair Services 10,000
Paid Registration and License fee 370
Paid Registration and License fee 370
Purchase Furniture and Fixtures used in Business 3,000
Purchase Furniture and Fixtures used in Business 3,000
Acquired Service Equipment ( balance due after 60 days.) 8,000
Purchase Service Supplies 1,500
Acquired Service Equipment (50% Down Payment) 8,000
Acquired Service Equipment 16,000
Purchase Service Supplies 1,500
Received Service Payment 1,900
Received Service Payment 1,900
Rendered Service 4,250
Received Service Payment (after 10 days) 4,250
Additional Investment 3,200
Additional Investment 3,200
Rendered Service 3,400
Received Service Payment (after 30 days) 3,400
Collection of payment from Customer in transaction #7 4,250
Collection of payment from Customer in transaction #7 4,250
Paid payment for accounts payable from transaction #5 500
Paid payment for accounts payable from transaction #5 500
Mr. Grey Withdrawals for personal use 7,000
Mr. Grey Withdrawals for personal use 7,000
Paid Rent 1,500
Paid Rent 1,500
Acquired a short-term bank loan 12,000
Acquired a short-term bank loan 12,000
Paid Salaries to Employees 3,500
Paid Salaries to Employees 3,500
72,370 72,370
This shape represents a slicer. Slicers
are supported in Excel 2010 or later.

If the shape was modified in an

earlier version of Excel, or if the
workbook was saved in Excel 2003
or earlier, the slicer cannot be used.
Trial Balance
Data
Account Sum of Debit Sum of Credit
Accounts Payable 500 9,500
Accounts Receivable 7,650 4,250
Cash 31,350 23,870
Drawings - Mr. Donald Gray 7,000
Equity - Mr. Donald Gray 13,200
Furniture & Fixtures 3,000
Loan Payable 12,000
Registration & License Expense 370
Rent Expense 1,500
Salaries Expense 3,500
Service Equipments 16,000
Service Revenue 9,550
Service Supplies 1,500
Total Result 72,370 72,370
Current Liabilities Balance Sheet
Current Assets Balance Sheet
Current Assets Balance Sheet
Current Assets Balance Sheet
Equity Balance Sheet
Fixed Assets Balance Sheet
Current Liabilities Balance Sheet
Expenses Income Statement
Expenses Income Statement
Expenses Income Statement
Fixed Assets Balance Sheet
Revenue Income Statement
Current Assets Balance Sheet
 GRAY ELECTRONIC REPAIR SERVICES
Income Statement
For the month of December 2022

Service Revenue

Operating Expense
Registration & License Expense 370
Rent Expense 1,500
Salaries Expense 3,500
Total operating expense

Net Profit
SERVICES

022

9,550

5,370

14,920
 GRAY ELECTRONIC REPAIR SERVICES
Balance Sheet
as on December 31, 2022

Assets Liabilities and Equity

Liabilities
Fixed asset Fixed Liabilities
Furniture & Fixtures 3,000
Service Equipments 16,000 TOTAL FIXED LIABILITIES
TOTAL FIXED ASSET 19,000

Current liabilities
Current asset Accounts Payable
Cash 7,480 Loan Payable
Drawings - Mr. Donald Gray 7,000 TOTAL CURRENT LIABILITES
Service Supplies 1,500
Accounts Receivable 3,400 TOTAL LIABILITES
TOTAL CURRENT ASSET 19,380
Equity
Equity - Mr. Donald Gray
TOTAL ASSETS 38,380 Net Profit
TOTAL EQUITY

TOTA LIABILITES & EQUITY

IR SERVICES
et
2022

es and Equity

abilities

ED LIABILITIES -

liabilities
Accounts Payable 9,000
Loan Payable 12,000
RRENT LIABILITES 21,000

21,000

Equity - Mr. Donald Gray 13,200

Net Profit 4,180
17,380

BILITES & EQUITY 38,380