Rachel Raleigh Acct 1290 QuickBooks Case 9 Reflection QuickBooks case nine was an assignment to test the ability to correctly set up a new company; add correct chart of accounts, customer list, vendor list, item list, deposit detail, check detail, journal entry adjustment information and print company financial statements and reports. This is a comprehensive assignment that tests a general understanding of QuickBooks and its functionality. After completing this assignment I learned how to start a new company in QuickBooks and how to manage the information that is entered correctly and efficiently. Some skills were required in completely this assignment such as; computer literacy, QuickBooks knowledge, detail and fact checking, accounting skills/knowledge and critical thinking. If this had been the first time I had ever had experience with QuickBooks it would have been extremely difficult to complete, even with an accounting background. This one assignment might have taken days, even weeks to complete. After learnings QuickBooks I was able to enter in all of this information and complete the assignment is less than 4 hours. This assignment is relevant to my major because it gives me additional skills in business and understanding of current accounting systems. I now have the skills, if I chose to do so, manage financial accounts and day to day activities for a business. I would be able to correctly and completely manage employers or my own company s finances without hiring an additional person or accountant to do so. Although this assignment was challenging, I felt very confident in the end product and in my ability and skills to complete every aspect of the assignment correctly. In leaning QuickBooks I feel as though I have gained knowledge and furthered my ability to perform a number of additional jobs or careers that I would not have had to opportunity to obtain prior to this.
Computer Accounting with QuickBooks 2013 by Donna Kay QuickBooks Case 9 Reports QBCASE 9 Sheetname X * Chart of Accounts QBC9.2 COA X * Customer List QBC9.3 CUST X * Vendor List QBC9.4 VEN X * Item List QBC9.5 ITEM X * Deposit Detail QBC9.7 DEP X * Check Detail QBC9.7 CKS X * Adjusting Entries QBC9.8 ADJ X * Adjusted Trial Balance QBC9.8 ADJTB X * General Ledger QBC9.9 GL X * Profit & Loss QBC9.9 PL X * Balance Sheet QBC9.9 BS X * Statement of Cash Flows QBC9.9 SCF
8:53 PM 11/24/14 Account Listing January 1, 2018 Account Type Balance Total Description Accnt. # Tax Line RachelRaleigh Checking Bank 0.00 <Unassigned> 14000 Mower Fixed Asset 0.00 Mower 14000 <Unassigned> 14000 Mower:14100 Mower Cost Fixed Asset 0.00 Mower Cost 14100 <Unassigned> 14000 Mower:14200 Accumulated Depreciation Mo Fixed Asset 0.00 Accumulated Depreciation Mower 14200 <Unassigned> 15000 Furniture and Equipment Fixed Asset 0.00 Furniture and equipment with useful life exceeding one15000 <Unassigned> 15800 Landscaping Equipment Fixed Asset 0.00 Landscaping and lawn equipment 15800 <Unassigned> 17000 Accumulated Depreciation Fixed Asset 0.00 Accumulated depreciation on equipment, buildings and17000 <Unassigned> 18000 Trimmer Equipment Fixed Asset 0.00 Trimmer Equipment 18000 <Unassigned> 18000 Trimmer Equipment:18100 Trimmer EquipmeFixed Asset 0.00 Trimmer Equipment Cost 18100 <Unassigned> 18000 Trimmer Equipment:18200 Accumulated DepFixed Asset 0.00 Accumulated Depr Trimmer 18200 <Unassigned> 30000 Opening Balance Equity Equity 0.00 Opening balances during setup post to this account. T 30000 <Unassigned> 30800 Owners Draw Equity 0.00 Monies taken out of the business by the owner 30800 <Unassigned> 32000 Owners Equity Equity Monies invested in the business by the owner, and pro32000 <Unassigned> 44900 Installation Services Income Landscape installation services income 44900 Schedule C: Gross receipts or sales 45700 Maintenance Services Income Landscape maintenance services income 45700 Schedule C: Gross receipts or sales 51600 Materials Costs Cost of Goods Sold Cost of materials used on jobs 51600 Schedule C: Purchases, cost of goods 54100 Worker's Compensation Insurance Cost of Goods Sold Worker's compensation insurance premiums 54100 Schedule C: Other costs, COGS 60000 Advertising and Promotion Expense Advertising, marketing, graphic design, and other prom60000 Schedule C: Advertising 60100 Auto and Truck Expenses Expense Fuel, oil, repairs, and other automobile maintenance fo60100 Schedule C: Car and truck expenses 60400 Bank Service Charges Expense Bank account service fees, bad check charges and oth60400 Schedule C: Other business expenses 61700 Computer and Internet Expenses Expense Computer supplies, off-the-shelf software, online fees, 61700 Schedule C: Other business expenses 62400 Depreciation Expense Expense Depreciation on equipment, buildings and improvemen62400 <Unassigned> 63300 Insurance Expense Expense Insurance expenses 63300 Schedule C: Insurance, other than health 63400 Interest Expense Expense Interest payments on business loans, credit card balan63400 Schedule C: Interest expense, other 64300 Meals and Entertainment Expense Business meals and entertainment expenses, includin 64300 Schedule C: Meals and entertainment 64800 Supplies Expense Expense Supplies Expense 64800 Schedule C: Supplies (not from COGS) 64900 Office Supplies Expense Office supplies expense 64900 Schedule C: Office expenses 66500 Postage and Delivery Expense Postage, courier, and pickup and delivery services 66500 Schedule C: Other business expenses 66700 Professional Fees Expense Payments to accounting professionals and attorneys fo66700 Schedule C: Legal and professional fees 67100 Rent Expense Expense Rent paid for company offices or other structures used67100 Schedule C: Rent/lease other bus. prop. 67200 Repairs and Maintenance Expense Incidental repairs and maintenance of business assets67200 Schedule C: Repairs and maintenance 68100 Telephone Expense Expense Telephone and long distance charges, faxing, and othe68100 Schedule C: Utilities 68400 Travel Expense Expense Business-related travel expenses including airline ticke68400 Schedule C: Travel 68600 Utilities Expense Water, electricity, garbage, and other basic utilities exp68600 Schedule C: Utilities 80000 Ask My Accountant Other Expense Transactions to be discussed with accountant, consult 80000 <Unassigned> Page 3 of 16
9:07 PM 11/24/14 Customer & Job List November 24, 2014 Active Status Customer Balance Balance Total Company Mr./Ms./... First Name M.I. Last Name Primary Contact Main Phone Fax Alt. Phone Secondary Contact Job Title Main Email Bill to 1 Bill to 2 Bill to 3 Bill to 4 Bill to 5 Ship to 1 Ship to 2 Ship to 3 Ship to 4 Ship to 5 Customer Type Terms Rep Sales Tax Code Tax item Resale Num Account No. Credit Limit Job Status Job Type Job Description Start Date Projected End End Date Active 0.00 0.00 Katrina Beneficio 415-555-1818 Beneficio Pico Blvd Bayshore, CA 94326 Residential Net 30 3001 Beneficio, Katrina Katrina 10 Active Beneficio, Katrina:Mow/Trim Lawn 0.00 0.00 Katrina Beneficio 415-555-1818 Katrina Beneficio 10 Pico Blvd Bayshore, CA 94326 Residential Net 30 3001 Awarded Lawn Mow/Trim Lawn Active Rock Castle Construction 0.00 0.00 Rock Castle 415-555-7878 Rock Castle Construction Rock Castle 1735 County Road Commerical Net 30 3003 Rock Castle Construction Bayshore, CA 94326 Active Rock Castle Construction:Mow/Trim Lawn & Shrubs 0.00 0.00 Rock Castle Construction Rock Castle 415-555-7878 Rock Castle Construction Rock Castle 1735 County Road Bayshore, CA 94326 Commerical Net 30 3003 Awarded Lawn & Shrubs Mow/Trim Lawn & Shrubs Active Whalen, Tom 0.00 0.00 Tom Whalen 415-555-1234 Tom Whalen 100 Sunset Drive Bayshore, CA 94326 Residential Net 30 3002 Active Whalen, Tom:Mow/Trim Lawn 0.00 0.00 Tom Whalen 415-555-1234 Tom Whalen 100 Sunset Drive Bayshore, CA 94326 Residential Net 30 3002 Awarded Lawn Mow/Trim Lawn Page 4 of 16
9:22 PM 11/24/14 Vendor List November 24, 2014 Active Status Vendor Balance Balance Total Company Mr./Ms./... First Name M.I. Last Name Bill from 1 Bill from 2 Bill from 3 Bill from 4 Bill from 5 Ship from 1 Ship from 2 Ship from 3 Ship from 4 Ship from 5 Primary Contact Job Title Main Phone Fax Alt. Phone Secondary Contact Active Station 0.00 0.00 Gas Station Norm Manchester Road Bayshore, CA 94326 415-555-7844 AB Gas AB 100 Active Mower Sales & Repair 0.00 0.00 Mower Sales & Repair Teresa Mower Sales & Repair 650 Manchester Road Bayshore, CA 94326 415-555-8222 Page 5 of 16
9:26 PM 11/24/14 Item Listing January 1, 2018 Item Description Type Cost Price Sales Tax Code Preferred Vendor Mowing Lawn Mowing Service 0.00 25.00 Trim Shrubs Trim Shrubs Service 0.00 30.00 Page 6 of 16
9:34 PM Deposit Detail January through December 2018 Type Num Date Name Account Amount Deposit 01/01/2018 RachelRaleigh Checking 1,500.00 Tomaso Moltissimo 30000 Opening Balance Equity -1,500.00 TOTAL -1,500.00 Deposit 05/15/2018 RachelRaleigh Checking 900.00 Payment 755 05/15/2018 Beneficio, Katrina 12000 Undeposited Funds -300.00 Payment 645 05/15/2018 Whalen, Tom:Mow/Trim Lawn 12000 Undeposited Funds -200.00 Payment 1068 05/15/2018 Rock Castle Construction:Mow/Trim Lawn & Shrubs 12000 Undeposited Funds -400.00 TOTAL -900.00 Deposit 06/15/2018 RachelRaleigh Checking 900.00 Payment 895 06/15/2018 Beneficio, Katrina:Mow/Trim Lawn 12000 Undeposited Funds -300.00 Payment 698 06/15/2018 Whalen, Tom:Mow/Trim Lawn 12000 Undeposited Funds -200.00 Payment 1100 06/15/2018 Rock Castle Construction:Mow/Trim Lawn & Shrubs 12000 Undeposited Funds -400.00 TOTAL -900.00 Deposit 07/15/2018 RachelRaleigh Checking 1,470.00 Payment 910 07/15/2018 Beneficio, Katrina:Mow/Trim Lawn 12000 Undeposited Funds -510.00 Payment 715 07/15/2018 Whalen, Tom:Mow/Trim Lawn 12000 Undeposited Funds -290.00 Payment 1200 07/15/2018 Rock Castle Construction:Mow/Trim Lawn & Shrubs 12000 Undeposited Funds -670.00 TOTAL -1,470.00 Deposit 08/15/2018 RachelRaleigh Checking 900.00 Payment 935 08/15/2018 Beneficio, Katrina:Mow/Trim Lawn 12000 Undeposited Funds -300.00 Payment 742 08/15/2018 Whalen, Tom:Mow/Trim Lawn 12000 Undeposited Funds -200.00 Payment 1300 08/15/2018 Rock Castle Construction:Mow/Trim Lawn & Shrubs 12000 Undeposited Funds -400.00 TOTAL -900.00 Deposit 09/15/2018 RachelRaleigh Checking 900.00 Payment 934 09/15/2018 Beneficio, Katrina:Mow/Trim Lawn 12000 Undeposited Funds -300.00 Payment 746 09/15/2018 Whalen, Tom:Mow/Trim Lawn 12000 Undeposited Funds -200.00 Payment 1400 09/15/2018 Rock Castle Construction:Mow/Trim Lawn & Shrubs 12000 Undeposited Funds -400.00 TOTAL -900.00 Deposit 10/15/2018 RachelRaleigh Checking 900.00 Payment 956 10/15/2018 Beneficio, Katrina:Mow/Trim Lawn 12000 Undeposited Funds -300.00 Payment 755 10/15/2018 Whalen, Tom:Mow/Trim Lawn 12000 Undeposited Funds -200.00 Payment 1500 10/15/2018 Rock Castle Construction:Mow/Trim Lawn & Shrubs 12000 Undeposited Funds -400.00 TOTAL -900.00 Deposit 11/15/2018 RachelRaleigh Checking 1,470.00 Payment 967 11/15/2018 Beneficio, Katrina:Mow/Trim Lawn 12000 Undeposited Funds -510.00 Payment 765 11/15/2018 Whalen, Tom:Mow/Trim Lawn 12000 Undeposited Funds -290.00 Payment 1600 11/15/2018 Rock Castle Construction:Mow/Trim Lawn & Shrubs 12000 Undeposited Funds -670.00 TOTAL -1,470.00 Page 7 of 16
9:38 PM Check Detail January through December 2018 Type Num Date Name Item Account Paid Amount Original Amount Check 501 02/01/2018 Mower Sales & Repair RachelRaleigh Checking -800.00 14000 Mower -800.00 800.00 TOTAL -800.00 800.00 Bill Pmt -Check 502 03/20/2018 AB Gas Station RachelRaleigh Checking -100.00 Bill 03/01/2018 64800 Supplies Expense -100.00 100.00 TOTAL -100.00 100.00 Bill Pmt -Check 503 03/20/2018 Mower Sales & Repair RachelRaleigh Checking -200.00 Bill 02/20/2018 18000 Trimmer Equipment -200.00 200.00 TOTAL -200.00 200.00 Bill Pmt -Check 504 05/30/2018 AB Gas Station RachelRaleigh Checking -100.00 Bill 05/01/2018 64800 Supplies Expense -100.00 100.00 TOTAL -100.00 100.00 Bill Pmt -Check 505 06/30/2018 AB Gas Station RachelRaleigh Checking -100.00 Bill 06/01/2018 64800 Supplies Expense -100.00 100.00 TOTAL -100.00 100.00 Bill Pmt -Check 506 07/31/2018 AB Gas Station RachelRaleigh Checking -100.00 Bill 07/01/2018 64800 Supplies Expense -100.00 100.00 TOTAL -100.00 100.00 Bill Pmt -Check 507 08/31/2018 AB Gas Station RachelRaleigh Checking -100.00 Bill 08/01/2018 64800 Supplies Expense -100.00 100.00 TOTAL -100.00 100.00 Bill Pmt -Check 508 09/30/2018 AB Gas Station RachelRaleigh Checking -100.00 Bill 09/01/2018 64800 Supplies Expense -100.00 100.00 TOTAL -100.00 100.00 Bill Pmt -Check 509 10/31/2018 AB Gas Station RachelRaleigh Checking -50.00 Bill 10/01/2018 64800 Supplies Expense -50.00 50.00 TOTAL -50.00 50.00 Page 8 of 16
9:49 PM Accrual Basis Adjusting Journal Entries December 31, 2018 Date Num Name Memo Account Debit Credit 12/31/2018 ADJ1 Equipment Annual Depreciation Cost 14200 Accumulated Depreciation Mower 200.00 Equipment Annual Depreciation Cost 14100 Mower Cost 200.00 200.00 200.00 12/31/2018 ADJ2 Equipment Annual Depreciation Cost 18200 Accumulated Depr Trimmer 100.00 Equipment Annual Depreciation Cost 18100 Trimmer Equipment Cost 100.00 100.00 100.00 TOTAL 300.00 300.00 Page 9 of 16
9:50 PM Accrual Basis Adjusted Trial Balance December 31, 2018 Unadjusted Balance Adjustments Adjusted Balance Debit Credit Debit Credit Debit Credit RachelRaleigh Checking 7,290.00 7,290.00 11000 Accounts Receivable 0.00 0.00 12000 Undeposited Funds 0.00 0.00 14000 Mower 800.00 800.00 14000 Mower:14100 Mower Cost 200.00 200.00 14000 Mower:14200 Accumulated Depreciation Mower 200.00 200.00 18000 Trimmer Equipment 200.00 200.00 18000 Trimmer Equipment:18100 Trimmer Equipment Cost 100.00 100.00 18000 Trimmer Equipment:18200 Accumulated Depr Trimmer 100.00 100.00 20000 Accounts Payable 0.00 0.00 30000 Opening Balance Equity 1,500.00 1,500.00 45700 Maintenance Services 7,440.00 7,440.00 64800 Supplies Expense 650.00 650.00 TOTAL 8,940.00 8,940.00 300.00 300.00 9,240.00 9,240.00 Page 10 of 16
9:54 PM Accrual Basis General Ledger As of December 31, 2018 Type Date Num Adj Name Memo Split Debit Credit Balance RachelRaleigh Checking 0.00 Deposit 01/01/2018 Deposit 30000 Opening Balance Equity 1,500.00 1,500.00 Check 02/01/2018 501 Mower Sales & Repair 4002 14000 Mower 800.00 700.00 Bill Pmt -Check 03/20/2018 502 AB Gas Station 4001 20000 Accounts Payable 100.00 600.00 Bill Pmt -Check 03/20/2018 503 Mower Sales & Repair 4002 20000 Accounts Payable 200.00 400.00 Deposit 05/15/2018 Deposit -SPLIT- 900.00 1,300.00 Bill Pmt -Check 05/30/2018 504 AB Gas Station 4001 20000 Accounts Payable 100.00 1,200.00 Deposit 06/15/2018 Deposit -SPLIT- 900.00 2,100.00 Bill Pmt -Check 06/30/2018 505 AB Gas Station 4001 20000 Accounts Payable 100.00 2,000.00 Deposit 07/15/2018 Deposit -SPLIT- 1,470.00 3,470.00 Bill Pmt -Check 07/31/2018 506 AB Gas Station 4001 20000 Accounts Payable 100.00 3,370.00 Deposit 08/15/2018 Deposit -SPLIT- 900.00 4,270.00 Bill Pmt -Check 08/31/2018 507 AB Gas Station 4001 20000 Accounts Payable 100.00 4,170.00 Deposit 09/15/2018 Deposit -SPLIT- 900.00 5,070.00 Bill Pmt -Check 09/30/2018 508 AB Gas Station 4001 20000 Accounts Payable 100.00 4,970.00 Deposit 10/15/2018 Deposit -SPLIT- 900.00 5,870.00 Bill Pmt -Check 10/31/2018 509 AB Gas Station 4001 20000 Accounts Payable 50.00 5,820.00 Deposit 11/15/2018 Deposit -SPLIT- 1,470.00 7,290.00 Total RachelRaleigh Checking 8,940.00 1,650.00 7,290.00 11000 Accounts Receivable 0.00 Invoice 04/30/2018 1 Beneficio, Katrina:Mow/Trim Lawn -SPLIT- 300.00 300.00 Invoice 04/30/2018 2 Rock Castle Construction:Mow/Trim Lawn & Shrubs -SPLIT- 400.00 700.00 Invoice 04/30/2018 3 Whalen, Tom:Mow/Trim Lawn -SPLIT- 200.00 900.00 Payment 05/15/2018 755 Beneficio, Katrina:Mow/Trim Lawn 12000 Undeposited Funds 300.00 600.00 Payment 05/15/2018 1068 Rock Castle Construction:Mow/Trim Lawn & Shrubs 12000 Undeposited Funds 400.00 200.00 Payment 05/15/2018 645 Whalen, Tom:Mow/Trim Lawn 12000 Undeposited Funds 200.00 0.00 Invoice 05/30/2018 4 Beneficio, Katrina:Mow/Trim Lawn -SPLIT- 300.00 300.00 Invoice 05/30/2018 5 Rock Castle Construction:Mow/Trim Lawn & Shrubs -SPLIT- 400.00 700.00 Invoice 05/30/2018 6 Whalen, Tom:Mow/Trim Lawn -SPLIT- 200.00 900.00 Payment 06/15/2018 895 Beneficio, Katrina:Mow/Trim Lawn 12000 Undeposited Funds 300.00 600.00 Payment 06/15/2018 698 Whalen, Tom:Mow/Trim Lawn 12000 Undeposited Funds 200.00 400.00 Payment 06/15/2018 1100 Rock Castle Construction:Mow/Trim Lawn & Shrubs 12000 Undeposited Funds 400.00 0.00 Invoice 06/30/2018 7 Beneficio, Katrina:Mow/Trim Lawn -SPLIT- 510.00 510.00 Invoice 06/30/2018 8 Rock Castle Construction:Mow/Trim Lawn & Shrubs -SPLIT- 670.00 1,180.00 Invoice 06/30/2018 9 Whalen, Tom:Mow/Trim Lawn -SPLIT- 290.00 1,470.00 Payment 07/15/2018 910 Beneficio, Katrina:Mow/Trim Lawn 12000 Undeposited Funds 510.00 960.00 Payment 07/15/2018 715 Whalen, Tom:Mow/Trim Lawn 12000 Undeposited Funds 290.00 670.00 Payment 07/15/2018 1200 Rock Castle Construction:Mow/Trim Lawn & Shrubs 12000 Undeposited Funds 670.00 0.00 Invoice 07/31/2018 10 Beneficio, Katrina:Mow/Trim Lawn -SPLIT- 300.00 300.00 Invoice 07/31/2018 11 Rock Castle Construction:Mow/Trim Lawn & Shrubs -SPLIT- 400.00 700.00 Invoice 07/31/2018 12 Whalen, Tom:Mow/Trim Lawn -SPLIT- 200.00 900.00 Payment 08/15/2018 935 Beneficio, Katrina:Mow/Trim Lawn 12000 Undeposited Funds 300.00 600.00 Payment 08/15/2018 742 Whalen, Tom:Mow/Trim Lawn 12000 Undeposited Funds 200.00 400.00 Payment 08/15/2018 1300 Rock Castle Construction:Mow/Trim Lawn & Shrubs 12000 Undeposited Funds 400.00 0.00 Invoice 08/31/2018 13 Beneficio, Katrina:Mow/Trim Lawn -SPLIT- 300.00 300.00 Invoice 08/31/2018 14 Rock Castle Construction:Mow/Trim Lawn & Shrubs -SPLIT- 400.00 700.00 Invoice 08/31/2018 15 Whalen, Tom:Mow/Trim Lawn -SPLIT- 200.00 900.00 Payment 09/15/2018 934 Beneficio, Katrina:Mow/Trim Lawn 12000 Undeposited Funds 300.00 600.00 Payment 09/15/2018 746 Whalen, Tom:Mow/Trim Lawn 12000 Undeposited Funds 200.00 400.00 Payment 09/15/2018 1400 Rock Castle Construction:Mow/Trim Lawn & Shrubs 12000 Undeposited Funds 400.00 0.00 Invoice 09/30/2018 16 Beneficio, Katrina:Mow/Trim Lawn -SPLIT- 300.00 300.00 Invoice 09/30/2018 17 Rock Castle Construction:Mow/Trim Lawn & Shrubs -SPLIT- 400.00 700.00 Invoice 09/30/2018 18 Whalen, Tom:Mow/Trim Lawn -SPLIT- 200.00 900.00 Payment 10/15/2018 956 Beneficio, Katrina:Mow/Trim Lawn 12000 Undeposited Funds 300.00 600.00 Payment 10/15/2018 755 Whalen, Tom:Mow/Trim Lawn 12000 Undeposited Funds 200.00 400.00 Payment 10/15/2018 1500 Rock Castle Construction:Mow/Trim Lawn & Shrubs 12000 Undeposited Funds 400.00 0.00 Invoice 10/31/2018 19 Beneficio, Katrina:Mow/Trim Lawn -SPLIT- 510.00 510.00 Invoice 10/31/2018 20 Rock Castle Construction:Mow/Trim Lawn & Shrubs -SPLIT- 670.00 1,180.00 Invoice 10/31/2018 21 Whalen, Tom:Mow/Trim Lawn -SPLIT- 290.00 1,470.00 Payment 11/15/2018 967 Beneficio, Katrina:Mow/Trim Lawn 12000 Undeposited Funds 510.00 960.00 Payment 11/15/2018 765 Whalen, Tom:Mow/Trim Lawn 12000 Undeposited Funds 290.00 670.00 Payment 11/15/2018 1600 Rock Castle Construction:Mow/Trim Lawn & Shrubs 12000 Undeposited Funds 670.00 0.00 Total 11000 Accounts Receivable 7,440.00 7,440.00 0.00 12000 Undeposited Funds 0.00 Payment 05/15/2018 755 Beneficio, Katrina 11000 Accounts Receivable 300.00 300.00 Payment 05/15/2018 645 Whalen, Tom:Mow/Trim Lawn 11000 Accounts Receivable 200.00 500.00 Payment 05/15/2018 1068 Rock Castle Construction:Mow/Trim Lawn & Shrubs 11000 Accounts Receivable 400.00 900.00 Deposit 05/15/2018 755 -MULTIPLE- Deposit RachelRaleigh Checking 900.00 0.00 Payment 06/15/2018 895 Beneficio, Katrina:Mow/Trim Lawn 11000 Accounts Receivable 300.00 300.00 Payment 06/15/2018 698 Whalen, Tom:Mow/Trim Lawn 11000 Accounts Receivable 200.00 500.00 Page 11 of 16
9:54 PM Accrual Basis General Ledger As of December 31, 2018 Type Date Num Adj Name Memo Split Debit Credit Balance Payment 06/15/2018 1100 Rock Castle Construction:Mow/Trim Lawn & Shrubs 11000 Accounts Receivable 400.00 900.00 Deposit 06/15/2018 895 -MULTIPLE- Deposit RachelRaleigh Checking 900.00 0.00 Payment 07/15/2018 910 Beneficio, Katrina:Mow/Trim Lawn 11000 Accounts Receivable 510.00 510.00 Payment 07/15/2018 715 Whalen, Tom:Mow/Trim Lawn 11000 Accounts Receivable 290.00 800.00 Payment 07/15/2018 1200 Rock Castle Construction:Mow/Trim Lawn & Shrubs 11000 Accounts Receivable 670.00 1,470.00 Deposit 07/15/2018 910 -MULTIPLE- Deposit RachelRaleigh Checking 1,470.00 0.00 Payment 08/15/2018 935 Beneficio, Katrina:Mow/Trim Lawn 11000 Accounts Receivable 300.00 300.00 Payment 08/15/2018 742 Whalen, Tom:Mow/Trim Lawn 11000 Accounts Receivable 200.00 500.00 Payment 08/15/2018 1300 Rock Castle Construction:Mow/Trim Lawn & Shrubs 11000 Accounts Receivable 400.00 900.00 Deposit 08/15/2018 935 -MULTIPLE- Deposit RachelRaleigh Checking 900.00 0.00 Payment 09/15/2018 934 Beneficio, Katrina:Mow/Trim Lawn 11000 Accounts Receivable 300.00 300.00 Payment 09/15/2018 746 Whalen, Tom:Mow/Trim Lawn 11000 Accounts Receivable 200.00 500.00 Payment 09/15/2018 1400 Rock Castle Construction:Mow/Trim Lawn & Shrubs 11000 Accounts Receivable 400.00 900.00 Deposit 09/15/2018 934 -MULTIPLE- Deposit RachelRaleigh Checking 900.00 0.00 Payment 10/15/2018 956 Beneficio, Katrina:Mow/Trim Lawn 11000 Accounts Receivable 300.00 300.00 Payment 10/15/2018 755 Whalen, Tom:Mow/Trim Lawn 11000 Accounts Receivable 200.00 500.00 Payment 10/15/2018 1500 Rock Castle Construction:Mow/Trim Lawn & Shrubs 11000 Accounts Receivable 400.00 900.00 Deposit 10/15/2018 956 -MULTIPLE- Deposit RachelRaleigh Checking 900.00 0.00 Payment 11/15/2018 967 Beneficio, Katrina:Mow/Trim Lawn 11000 Accounts Receivable 510.00 510.00 Payment 11/15/2018 765 Whalen, Tom:Mow/Trim Lawn 11000 Accounts Receivable 290.00 800.00 Payment 11/15/2018 1600 Rock Castle Construction:Mow/Trim Lawn & Shrubs 11000 Accounts Receivable 670.00 1,470.00 Deposit 11/15/2018 967 -MULTIPLE- Deposit RachelRaleigh Checking 1,470.00 0.00 Total 12000 Undeposited Funds 7,440.00 7,440.00 0.00 14000 Mower 0.00 14100 Mower Cost 0.00 General Journal 12/31/2018 ADJ1 Equipment Annual Depreciation Cost 14200 Accumulated Depreciation Mower 200.00-200.00 Total 14100 Mower Cost 0.00 200.00-200.00 14200 Accumulated Depreciation Mower 0.00 General Journal 12/31/2018 ADJ1 Equipment Annual Depreciation Cost 14100 Mower Cost 200.00 200.00 Total 14200 Accumulated Depreciation Mower 200.00 0.00 200.00 14000 Mower - Other 0.00 Check 02/01/2018 501 Mower Sales & Repair Mower Purchase RachelRaleigh Checking 800.00 800.00 Total 14000 Mower - Other 800.00 0.00 800.00 Total 14000 Mower 1,000.00 200.00 800.00 18000 Trimmer Equipment 0.00 18100 Trimmer Equipment Cost 0.00 General Journal 12/31/2018 ADJ2 Equipment Annual Depreciation Cost 18200 Accumulated Depr Trimmer 100.00-100.00 Total 18100 Trimmer Equipment Cost 0.00 100.00-100.00 18200 Accumulated Depr Trimmer 0.00 General Journal 12/31/2018 ADJ2 Equipment Annual Depreciation Cost 18100 Trimmer Equipment Cost 100.00 100.00 Total 18200 Accumulated Depr Trimmer 100.00 0.00 100.00 18000 Trimmer Equipment - Other 0.00 Bill 02/20/2018 Mower Sales & Repair 20000 Accounts Payable 200.00 200.00 Total 18000 Trimmer Equipment - Other 200.00 0.00 200.00 Total 18000 Trimmer Equipment 300.00 100.00 200.00 20000 Accounts Payable 0.00 Bill 02/20/2018 Mower Sales & Repair 18000 Trimmer Equipment 200.00-200.00 Bill 03/01/2018 AB Gas Station 64800 Supplies Expense 100.00-300.00 Bill Pmt -Check 03/20/2018 502 AB Gas Station 4001 RachelRaleigh Checking 100.00-200.00 Bill Pmt -Check 03/20/2018 503 Mower Sales & Repair 4002 RachelRaleigh Checking 200.00 0.00 Bill 05/01/2018 AB Gas Station 64800 Supplies Expense 100.00-100.00 Bill Pmt -Check 05/30/2018 504 AB Gas Station 4001 RachelRaleigh Checking 100.00 0.00 Bill 06/01/2018 AB Gas Station 64800 Supplies Expense 100.00-100.00 Bill Pmt -Check 06/30/2018 505 AB Gas Station 4001 RachelRaleigh Checking 100.00 0.00 Bill 07/01/2018 AB Gas Station 64800 Supplies Expense 100.00-100.00 Bill Pmt -Check 07/31/2018 506 AB Gas Station 4001 RachelRaleigh Checking 100.00 0.00 Bill 08/01/2018 AB Gas Station 64800 Supplies Expense 100.00-100.00 Bill Pmt -Check 08/31/2018 507 AB Gas Station 4001 RachelRaleigh Checking 100.00 0.00 Bill 09/01/2018 AB Gas Station 64800 Supplies Expense 100.00-100.00 Bill Pmt -Check 09/30/2018 508 AB Gas Station 4001 RachelRaleigh Checking 100.00 0.00 Bill 10/01/2018 AB Gas Station 64800 Supplies Expense 50.00-50.00 Bill Pmt -Check 10/31/2018 509 AB Gas Station 4001 RachelRaleigh Checking 50.00 0.00 Total 20000 Accounts Payable 850.00 850.00 0.00 Page 12 of 16
9:54 PM Accrual Basis General Ledger As of December 31, 2018 Type Date Num Adj Name Memo Split Debit Credit Balance 30000 Opening Balance Equity 0.00 Deposit 01/01/2018 Tomaso Moltissimo Invest $1,500 in business RachelRaleigh Checking 1,500.00-1,500.00 Total 30000 Opening Balance Equity 0.00 1,500.00-1,500.00 45700 Maintenance Services 0.00 Invoice 04/30/2018 1 Beneficio, Katrina:Mow/Trim Lawn Lawn Mowing 11000 Accounts Receivable 300.00-300.00 Invoice 04/30/2018 2 Rock Castle Construction:Mow/Trim Lawn & Shrubs Lawn Mowing 11000 Accounts Receivable 400.00-700.00 Invoice 04/30/2018 3 Whalen, Tom:Mow/Trim Lawn Lawn Mowing 11000 Accounts Receivable 200.00-900.00 Invoice 05/30/2018 4 Beneficio, Katrina:Mow/Trim Lawn Lawn Mowing 11000 Accounts Receivable 300.00-1,200.00 Invoice 05/30/2018 5 Rock Castle Construction:Mow/Trim Lawn & Shrubs Lawn Mowing 11000 Accounts Receivable 400.00-1,600.00 Invoice 05/30/2018 6 Whalen, Tom:Mow/Trim Lawn Lawn Mowing 11000 Accounts Receivable 200.00-1,800.00 Invoice 06/30/2018 7 Beneficio, Katrina:Mow/Trim Lawn -MULTIPLE- 11000 Accounts Receivable 510.00-2,310.00 Invoice 06/30/2018 8 Rock Castle Construction:Mow/Trim Lawn & Shrubs -MULTIPLE- 11000 Accounts Receivable 670.00-2,980.00 Invoice 06/30/2018 9 Whalen, Tom:Mow/Trim Lawn -MULTIPLE- 11000 Accounts Receivable 290.00-3,270.00 Invoice 07/31/2018 10 Beneficio, Katrina:Mow/Trim Lawn Lawn Mowing 11000 Accounts Receivable 300.00-3,570.00 Invoice 07/31/2018 11 Rock Castle Construction:Mow/Trim Lawn & Shrubs Lawn Mowing 11000 Accounts Receivable 400.00-3,970.00 Invoice 07/31/2018 12 Whalen, Tom:Mow/Trim Lawn Lawn Mowing 11000 Accounts Receivable 200.00-4,170.00 Invoice 08/31/2018 13 Beneficio, Katrina:Mow/Trim Lawn Lawn Mowing 11000 Accounts Receivable 300.00-4,470.00 Invoice 08/31/2018 14 Rock Castle Construction:Mow/Trim Lawn & Shrubs Lawn Mowing 11000 Accounts Receivable 400.00-4,870.00 Invoice 08/31/2018 15 Whalen, Tom:Mow/Trim Lawn Lawn Mowing 11000 Accounts Receivable 200.00-5,070.00 Invoice 09/30/2018 16 Beneficio, Katrina:Mow/Trim Lawn Lawn Mowing 11000 Accounts Receivable 300.00-5,370.00 Invoice 09/30/2018 17 Rock Castle Construction:Mow/Trim Lawn & Shrubs Lawn Mowing 11000 Accounts Receivable 400.00-5,770.00 Invoice 09/30/2018 18 Whalen, Tom:Mow/Trim Lawn Lawn Mowing 11000 Accounts Receivable 200.00-5,970.00 Invoice 10/31/2018 19 Beneficio, Katrina:Mow/Trim Lawn -MULTIPLE- 11000 Accounts Receivable 510.00-6,480.00 Invoice 10/31/2018 20 Rock Castle Construction:Mow/Trim Lawn & Shrubs -MULTIPLE- 11000 Accounts Receivable 670.00-7,150.00 Invoice 10/31/2018 21 Whalen, Tom:Mow/Trim Lawn -MULTIPLE- 11000 Accounts Receivable 290.00-7,440.00 Total 45700 Maintenance Services 0.00 7,440.00-7,440.00 64800 Supplies Expense 0.00 Bill 03/01/2018 AB Gas Station Gasoline and supplies 20000 Accounts Payable 100.00 100.00 Bill 05/01/2018 AB Gas Station Gasoline and supplies 20000 Accounts Payable 100.00 200.00 Bill 06/01/2018 AB Gas Station Gasoline and supplies 20000 Accounts Payable 100.00 300.00 Bill 07/01/2018 AB Gas Station Gasoline and supplies 20000 Accounts Payable 100.00 400.00 Bill 08/01/2018 AB Gas Station Gasoline and supplies 20000 Accounts Payable 100.00 500.00 Bill 09/01/2018 AB Gas Station Gasoline and supplies 20000 Accounts Payable 100.00 600.00 Bill 10/01/2018 AB Gas Station Gasoline and supplies 20000 Accounts Payable 50.00 650.00 Total 64800 Supplies Expense 650.00 0.00 650.00 TOTAL 26,620.00 26,620.00 0.00 Page 13 of 16
9:55 PM Accrual Basis Profit & Loss January through December 2018 Jan - Dec 18 Ordinary Income/Expense Income 45700 Maintenance Services 7,440.00 Total Income 7,440.00 Gross Profit 7,440.00 Expense 64800 Supplies Expense 650.00 Total Expense 650.00 Net Ordinary Income 6,790.00 Net Income 6,790.00 Page 14 of 16
9:57 PM Accrual Basis Balance Sheet As of December 31, 2018 Dec 31, 18 ASSETS Current Assets Checking/Savings RachelRaleigh Checking 7,290.00 Total Checking/Savings 7,290.00 Total Current Assets 7,290.00 Fixed Assets 14000 Mower 14100 Mower Cost -200.00 14200 Accumulated Depreciation Mower 200.00 14000 Mower - Other 800.00 Total 14000 Mower 800.00 18000 Trimmer Equipment 18100 Trimmer Equipment Cost -100.00 18200 Accumulated Depr Trimmer 100.00 18000 Trimmer Equipment - Other 200.00 Total 18000 Trimmer Equipment 200.00 Total Fixed Assets 1,000.00 TOTAL ASSETS 8,290.00 LIABILITIES & EQUITY Equity 30000 Opening Balance Equity 1,500.00 Net Income 6,790.00 Total Equity 8,290.00 TOTAL LIABILITIES & EQUITY 8,290.00 Page 15 of 16
9:58 PM Statement of Cash Flows January through December 2018 Jan - Dec 18 OPERATING ACTIVITIES Net Income 6,490.00 Net cash provided by Operating Activities 6,490.00 INVESTING ACTIVITIES 14000 Mower -800.00 14000 Mower:14100 Mower Cost 200.00 14000 Mower:14200 Accumulated Depreciation Mower -200.00 18000 Trimmer Equipment -200.00 18000 Trimmer Equipment:18100 Trimmer Equipment Cost 100.00 18000 Trimmer Equipment:18200 Accumulated Depr Trimmer -100.00 Net cash provided by Investing Activities -1,000.00 FINANCING ACTIVITIES 30000 Opening Balance Equity 1,500.00 Net cash provided by Financing Activities 1,500.00 Net cash increase for period 6,990.00 Cash at end of period 6,990.00 Page 16 of 16