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$1$ Record your initial investment

$1/2/2018$ Cash $$100,000$

Common stock $$100,000$

$2$ Record the energy bills

$1/31/2018$ Utility expenses $$665\mathrm{.}72$

Utility payable $$665\mathrm{.}72$

$2/15/2018$ Utility Payable $$665\mathrm{.}72$

Cash $$665\mathrm{.}72$

$2/28/2018$ Utility expenses $$845\mathrm{.}79$

Utility payable $$845\mathrm{.}79$

$3/15/2018$ Utility Payable $$845\mathrm{.}79$

Cash $$845\mathrm{.}79$

$3/15/2018$ Utility expenses $$795\mathrm{.}63$

Utility payable $$795\mathrm{.}63$

$4/15/2018$ Utility Payable $$795\mathrm{.}63$

Cash $$795\mathrm{.}63$

$3$ Record all moving jobs that are listed on your calendar

$1/4/2018$ Cash $$1,500$

Sale $$1,500$

$1/4/2018$ Contractor expense $(12$x$$20)$ $$240$

Contractor expense payable $$240$

$1/4/2018$ Supplies expenses $$200$

Cash $$200$

$1/6/2018$ Cash $$300$

Sale $$300$

$1/6/2018$ Contractor expense $(2$x$$20)$ $$40$

Contractor expense payable $$40$

$1/6/2018$ Supplies expenses $$50$

Cash $$50$

$1/6/2018$ Contractor expense payable $$280$

Cash $$280$

$1/9/2018$ Cash $$2,200$

Sale $$2,200$

$1/9/2018$ Contractor expense $(15$x$$20)$ $$300$

Contractor expense payable $$300$

$1/9/2018$ Supplies expenses $$500$

Cash $$500$

$1/12/2018$ Cash $$400$

Sale $$400$

$1/12/2018$ Contractor expense $(2\mathrm{.}5$x$$20)$ $$50$

Contractor expense payable $$50$

$1/12/2018$ Supplies expenses $$50$

Cash $$50$

$1/13/2018$ Contractor expense payable $$350$

Cash $$350$

$1/28/2018$ Cash $$350$

Sale $$350$

$1/28/2018$ Contractor expense $(1\mathrm{.}5$x$$20)$ $$30$

Contractor expense payable $$30$

$1/28/2018$ Supplies expenses $$50$

Cash $$50$

$2/1/2018$ Cash $$1,500$

Sale $$1,500$

$2/1/2018$ Contractor expense $(12$x$$20)$ $$240$

Contractor expense payable $$240$

$2/1/2018$ Supplies expenses $$300$

Cash $$300$

$2/3/2018$ Contractor ecpense payable $$270$

Cash $$270$

$2/40/2018$ Cash $$650$

Sale $$650$

$2/4/2018$ Contractor expense $(5$x$$20)$ $$100$

Contractor expense payable $$100$

$2/4/2018$ Supplies expenses $$50$

Cash $$50$

$2/10/2018$ Contractor expense payable $$100$

Cash $$100$

$2/16/2018$ Cash $$5,000$

Sale $$5,000$

$2/16/2018$ Contractor expense $(23$x$$20)$ $$460$

Contractor expence payable $$460$

$2/16/2018$ Supplies expenses $$1,000$

Cash $$1,000$

$2/20/2018$ Cash $$500$

Sale $$500$

$2/20/2018$ Contractor expense $(3$x$$20)$ $$60$

Contractor expense payable $$60$

$2/20/2018$ Supplies expenses $$50$

Cash $$50$

$2/24/2018$ Contractor expense payable $$520$

Cash $$520$

$3/10/2018$ Cash $$2,000$

Sale $$2,000$

$3/10/2018$ Contractor expense $(18$x$$20)$ $$360$

Cash $$360$

$3/10/2018$ Supplies expenses $$300$

Cash $$300$

$3/14/2018$ Cash $$300$

Sale $$300$

$3/14/2018$ Contractor expense $(1\mathrm{.}5$x$$20)$ $$30$

Contractor expense payable $$30$

$3/14/2018$ Supplies expenses $$50$

Cash $$50$

$3/17/2018$ Supplies expense payable $$30$

Cash $$30$

$3/29/2018$ Cash $$1,500$

Sale $$1,500$

$3/29/2018$ Contractor expense $(12$x$$20)$ $$240$

Contractor expense payable $$240$

$3/29/2018$ Supplies expenses $$300$

Cash $$300$

$3/31/2018$ Contractor expense payable $$240$

Cash $$240$

$4$ Record the two separate truck purchases and calculated depreciation for Jan, feb and March

$1/12/2018$ Moving trucks $$103,480$

Long term Loan $$103,480$

$3/23/2018$ Moving Trucks $$48,325$

Long term loan $$48,325$

$1/31/2018$ Depreciation expense $$718\mathrm{.}61$

Accumulated Depreciation $$718\mathrm{.}61$

$($Full month depreciation is charged$)$

$2/28/2016$ Depreciation expense $$718\mathrm{.}61$

Accumulated Depreciation $$718\mathrm{.}61$

Depreciation is not charged on second purchase as it put to use in last

$2/1/2018$ Long term loan $$1,724\mathrm{.}67$

Cash $$1,724\mathrm{.}67$

$($Loan installment paid$)$

$3/1/2018$ Long term loan $$1,724\mathrm{.}67$

Cash $$1,724\mathrm{.}67$

$5$ Record the leasing agreement

$1/1/2018$ Refundable Deposit $$5,000$

Cash $$5,000$

$1/1/2018$ Rent expense $$1,000$

Cash $$1,000$

$2/1/2018$ Rent expense $$1,000$

Cash $$1,000$

$3/1/2018$ Rent expense $$1,000$

Cash $$1,000$

Trucks purchased will be depreciated straight line monthly over $12$ years with no residual value. Depreciation is

calculated at the end of each month. DO NOT PRORATE AMOUNTS. Each month over the $12$ years will have

the same amount of depreciation including the month you purchase the vehicles.

You have a $5$ year loan on all the vehicles you purchase and the payment is due the $1$st of every month. The

first payment will take place the month after purchase. There is no interest owed on the loan. DO NOT

PRORATE AMOUNTS. Each month over the $5$ years will have the same amount of loan payment.

There should be only ONE fixed asset account for trucks, ONE accumulated depreciation account for trucks,

ONE loan payable balance, and ONE depreciation expense account. In other words, you do not need to create

a separate account for each purchase. These four accounts will include all of the trucks your company

purchases. View $$Example $-$ Balance Sheet$$ on Blackboard.

Do not break out your truck loans into short term and long term payable.

I need the total equity and total liabilities and equity amount for my balance sheet.

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