Glorious garden lawn service — complete tutorial__use it as a guide

Glorious Garden Lawn Service — complete tutorial

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Inside the excel file tutorial includes:

 

1. Journal Entries

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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.

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