Reinforcement Activity 1 Financial Statement Amp Worksheets

Peak Performance
GENERAL JOURNAL
For the month ending 31st August 2018 PAGE 1
1 2
GENERAL
DOC. POST.
DATE ACCOUNT TITLE NO. REF. DEBIT CREDIT
2018
1 Aug 1 Cash R1 110 18,000.00 1
2 Jasmine Quinn, Capital 310 18,000.00 2
3 Aug 1 Rent Expense C1 550 3,600.00 3
4 Cash 110 3,600.00 4
5 Aug 2 Utilities Expense C2 580 210.00 5
6 Cash 110 210.00 6
7 Aug 4 Supplies C3 570 900.00 7
8 Cash 110 900.00 8
9 Aug 4 Prepaid Insurance C4 530 2,400.00 9
10 Cash 110 2,400.00 10
11 Aug 7 Supplies M1 570 1,000.00 11
12 Accounts Payable-Dakota Supplies 210 1,000.00 12
13 Aug 11 Petty Cash C5 120 200.00 13
14 Cash 110 200.00 14
15 Aug 12 Cash T12 110 950.00 15
16 Sales 410 950.00 16
17 Aug 13 Repair Expense C6 560 500.00 17
18 Cash 110 500.00 18
19 Aug 13 Miscellaneous Expense C7 540 80.00 19
20 Cash 110 80.00 20
21 Aug 13 Accounts Receivable - Valley College S1 140 450.00 21
22 Sales 410 450.00 22
23 Aug 14 Advertising Expense C8 510 600.00 23
24 Cash 110 600.00 24
25 Aug 15 Jasmine Quinn, Drawing C9 320 500.00 25
26 Cash 110 500.00 26
27 Aug 15 Accounts Payable - Dakota Supplies C10 210 600.00 27
28 Cash 110 600.00 28
29 Aug 15 Accounts Receivable - Skiffton University S2 130 850.00 29
30 Sales 410 850.00 30
32 Cash 110 190.00 32
33 18 Carried Forward V 31,030.00 31,030.00 33
Peak Performance
GENERAL JOURNAL
1 2
DOC. POST. GENERAL
2018
1 Aug 18 Brought Forward V 31,030.00 31,030.00 1
2 18 Cash R2 110 250.00 2
3 Account Receivable - Valley College 140 250.00 3
4 Aug 19 Cash T19 110 2,040.00 4

5 Sales 410 2,040.00 5
6 Aug 20 Repair Expense C12 560 320.00 6
7 Cash 110 320.00 7
8 Aug 20 Supplies M2 150 240.00 8
9 Accounts Payable- Seaside Supplies 220 240.00 9
11 Cash 110 530.00 11
12 Aug 25 Supplies C14 150 85.00 12
13 Cash 110 85.00 13
14 Aug 25 Cash T25 110 2,240.00 14
15 Sales 410 2,240.00 15
17 Cash 110 35.00 17
18 Aug 26 Cash R3 110 500.00 18
19 Accounts Receivable-Skiffton University 130 500.00 19
21 Cash 110 220.00 21
22 Aug 28 Cash T28 110 600.00 22
23 Sales 410 600.00 23
24 Aug 29 Miscellaneous Expense M3 540 25.00 24
25 Cash 110 25.00 25
26 Aug 29 Supplies C17 150 40.00 26
27 Cash 110 40.00 27
29 Repair Expense 560 58.00 29
30 Cash short & over 520 2.00 30
31 Cash 110 130.00 31
32 Aug 31 Jasmine Quinn, Drawing C19 320 1,200.00 32
33 Cash 110 1,200.00 33
34 Aug 31 Cash T31 110 3,190.00 34 Debit = 42,675
35 Sales 410 3,190.00 35 Credit = 42,675
36 Aug 31 Totals V 42,675.00 42,675.00 36 Journal Proved
Peak Performance
GENERAL JOURNAL
1 2
DOC. POST. GENERAL
Adjusting Entries
1 Aug 31 Supplies Expense 1,420.00 1
2 Supplies 1,420.00 2
3 31 Insurance Expense 200.00 3
4 Prepaid Insurance 200.00 4
5 5
6 Closing Entries 6
7 Aug 31 Sales 410 10,320.00 7
8 Income Summary 330 10,320.00 8
9 31 Income Summary 330 8,060.00 9
10 Advertising Expense 510 600.00 10
11 Cash short and over 520 2.00 11
12 Miscellaneous Expense 540 400.00 12
13 Rent Expense 550 3,600.00 13

14 Repair Expense 560 878.00 14
15 Utilities Expense 580 960.00 15
16 Supplies Expense 570 1,420.00 16
17 Insurance Expense 530 200.00 17
18 31 Income Summary 330 2,260.00 18
19 Jasmine Quinn, Capital 310 2,260.00 19
20 31 Jasmine Quinn, Capital 310 1,700.00 20
21 Jasmine Quinn, Drawing 320 1,700.00 21
22 22
23 23
24 24
25 25
26 26
27 27
28 28
29 29
30 30
31 31
32 32
33 33
ACCOUNT Cash ACCOUNT NO. 110
POST. BALANCE
ITEM DEBIT CREDIT
DATE REF. DEBIT CREDIT
2018
1 Aug 1 GJ1 18,000.00 18,000.00 1
2 1 GJ1 3,600.00 14,400.00 2
3 2 GJ1 210.00 14,190.00 3
4 4 GJ1 900.00 13,290.00 4
5 4 GJ1 2,400.00 10,890.00 5
6 11 GJ1 200.00 10,690.00 6
7 12 GJ1 950.00 11,640.00 7
8 13 GJ1 500.00 11,140.00 8
9 13 GJ1 80.00 11,060.00 9
10 14 GJ1 600.00 10,460.00 10
11 15 GJ1 500.00 9,960.00 11
12 15 GJ1 600.00 9,360.00 12
13 18 GJ1 190.00 9,170.00 13
14 18 GJ2 250.00 9,420.00 14
15 19 GJ2 2,040.00 11,460.00 15
16 20 GJ2 320.00 11,140.00 16
17 21 GJ2 530.00 10,610.00 17
18 25 GJ2 85.00 10,525.00 18
19 25 GJ2 2,240.00 12,765.00 19
20 26 GJ2 35.00 12,730.00 20
21 26 GJ2 500.00 13,230.00 21
22 28 GJ2 220.00 13,010.00 22
23 28 GJ2 600.00 13,610.00 23
24 29 GJ2 25.00 13,585.00 24
25 29 GJ2 40.00 13,545.00 25
26 31 GJ2 130.00 13,415.00 26
27 31 GJ2 1,200.00 12,215.00 27
28 31 GJ2 3,190.00 15,405.00 28
29 29
30 30
31 31
32 32
33 33
34 34
35 35
36 36
37 37
ACCOUNT Petty Cash ACCOUNT NO. 120
POST. BALANCE
ITEM DEBIT CREDIT
2018
1 Aug 11 GJ1 200.00 200.00 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
ACCOUNT Accounts Receivable - Skiffton University ACCOUNT NO. 130
POST. BALANCE
ITEM DEBIT CREDIT
2018
1 Aug 15 GJ1 850.00 850.00 1
2 26 GJ2 500 350.00 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
ACCOUNT Accounts Receivable - Valley College ACCOUNT NO. 140
POST. BALANCE
ITEM DEBIT CREDIT
2018
1 Aug 13 GJ1 450.00 450.00 1
2 18 GJ2 250.00 200.00 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
ACCOUNT Supplies ACCOUNT NO. 150
POST. BALANCE
ITEM DEBIT CREDIT
2018
1 Aug 4 GJ1 900.00 900.00 1
2 7 GJ1 1,000.00 1,900.00 2
3 20 GJ2 240.00 2,140.00 3
4 25 GJ2 85.00 2,225.00 4
5 29 GJ2 40.00 2,265.00 5
6 31 GJ3 1,420.00 845.00 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
ACCOUNT Prepaid Insurance ACCOUNT NO. 160
POST. BALANCE
ITEM DEBIT CREDIT
2018
1 Aug 4 GJ1 2,400.00 2,400.00 1
2 31 GJ3 200.00 2,200.00 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
ACCOUNT Accounts Payable - Dakota Supplies ACCOUNT NO. 210
POST. BALANCE
ITEM DEBIT CREDIT
2018
1 Aug 7 GJ1 1,000.00 1,000.00 1
2 15 GJ1 600 400.00 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
ACCOUNT Accounts Payable - Seaside Supplies ACCOUNT NO. 220
POST. BALANCE
ITEM DEBIT CREDIT
2018
1 Aug 20 GJ2 240.00 240.00 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
ACCOUNT Jamine Quinn, Capital ACCOUNT NO. 310
POST. BALANCE
ITEM DEBIT CREDIT
2018
1 Aug 1 GJ1 18,000.00 18,000.00 1
2 31 GJ3 3,880.00 21,880.00 2
3 31 GJ3 1,700.00 20,180.00 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
ACCOUNT Jamine Quinn, Drawing ACCOUNT NO. 320
POST. BALANCE
ITEM DEBIT CREDIT
1 Aug 15 GJ1 500.00 500.00 1
2 31 GJ2 1200.00 1,700.00 2
3 GJ3 1,700 1,700 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
ACCOUNT Income Summary ACCOUNT NO. 330
POST. BALANCE
ITEM DEBIT CREDIT
2018
1 Aug 31 GJ3 10,320.00 10,320.00 1
2 31 GJ3 6,440.00 3,880.00 2
3 31 GJ3 3,880.00 --------------- --------------- 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
ACCOUNT Sales ACCOUNT NO. 410
POST. BALANCE
ITEM DEBIT CREDIT
2018
1 Aug 12 GJ1 950.00 950.00 1
2 13 GJ1 450.00 1,400.00 2
3 15 GJ1 850.00 2,250.00 3
4 19 GJ2 2,040.00 4,290.00 4
5 25 GJ2 2,240.00 6,530.00 5
6 28 GJ2 600.00 7,130.00 6
7 31 GJ2 3,190.00 10,320.00 7
8 31 GJ3 10,320.00 --------------- --------------- 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
ACCOUNT Advertising Expense ACCOUNT NO. 510
POST. BALANCE
ITEM DEBIT CREDIT
2018
1 Aug 14 GJ1 600.00 600.00 1
2 31 GJ3 600 -------------- -------------- 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
ACCOUNT Cash Short and Over ACCOUNT NO. 520
POST. BALANCE
ITEM DEBIT CREDIT
2018
1 Aug 31 GJ2 2.00 2.00 1
2 31 GJ3 2 -------------- -------------- 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
ACCOUNT Insurance Expense ACCOUNT NO. 530
POST. BALANCE
ITEM DEBIT CREDIT
2018
1 Aug 31 GJ3 200.00 1
2 31 GJ3 200 --------------- --------------- 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
ACCOUNT Miscellanous Expense ACCOUNT NO. 540
POST. BALANCE
ITEM DEBIT CREDIT
2018
1 Aug 13 GJ1 80.00 80.00 1
2 18 GJ1 190.00 270.00 2
3 26 GJ2 35.00 305.00 3
4 29 GJ2 25.00 330.00 4
5 31 GJ2 70.00 400.00 5
6 31 GJ3 400.00 -------------- -------------- 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
ACCOUNT Rent Expense ACCOUNT NO. 550
POST. BALANCE
ITEM DEBIT CREDIT
2018
1 Aug 1 GJ1 3,600.00 3,600.00 1
2 31 GJ3 3600 -------------- -------------- 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
ACCOUNT Repair Expense ACCOUNT NO. 560
POST. BALANCE
ITEM DEBIT CREDIT
2018
1 Aug 13 GJ1 500.00 500.00 1
2 20 GJ2 320.00 820.00 2
3 31 GJ2 58.00 878.00 3
4 31 GJ3 878 -------------- -------------- 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
ACCOUNT Supplies Expense ACCOUNT NO. 570
POST. BALANCE
ITEM DEBIT CREDIT
2018
1 Aug 31 GJ3 1,420.00 1,420.00 1
2 31 GJ3 1420 -------------- ---------------- 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
ACCOUNT Utilities Expense ACCOUNT NO. 580
POST. BALANCE
ITEM DEBIT CREDIT
2018
1 Aug 2 GJ1 210.00 210.00 1
2 21 GJ2 530.00 740.00 2
3 28 GJ2 220.00 960.00 3
4 31 GJ3 960.00 -------------- -------------- 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
Peak Performance
Worksheet
For the month ended 31st August 2018
1 2 3 4 5 6 7
Trial Balance Adjustments Income Statement Balance Sheet

Account Title Debit Credit Debit Credit Debit Credit Debit
1 Cash 15,405.00 15,405.00
2 Petty Cash 200.00 200.00
3 Accounts Receivable - Skiffton University 350.00 350.00
4 Accounts Receivable - Valley College 200.00 200.00
5 Supplies 2,265.00 (a) 1,420.00 845.00
6 Prepaid Insurance 2,400.00 (b) 200.00 2,200.00
7 Accounts Payable - Dakota Supplies 400.00
8 Accounts Payble - Seaside Supplies 240.00
9 Jasmine Quinn, Capital 18,000.00
10 Jasmine Quinn, Drawing 1,700.00 1,700.00
11 Income Summary
12 Sales 10,320.00 10,320.00
13 Advertising Expense 600.00 600.00
14 Cash Short and Over 2.00 2.00
15 Insurance Expense 0.00 (b) 200.00 200.00
16 Miscellaneous Expense 400.00 400.00
17 Rent Expense 3,600.00 3,600.00
18 Repair Expense 878.00 878.00
19 Supplies Expense 0.00 (a) 1,420.00 1,420.00
20 Utilities Expense 960.00 960.00
21 28,960.00 28,960.00 1,620.00 1,620.00 8,060.00 10,320.00 20,900.00
22 Net Income 2,260.00
23 10,320.00 10,320.00 20,900.00
8
Balance Sheet
Credit
1
2
3
4
5
6
400.00 7
240.00 8
18,000.00 9
10
11
12
13
14
15
16
17
18
19
20
18,640.00 21
2,260.00 22
20,900.00 23
Peak Performance
Income Statement
31 August, 2018
% of Sales
Revenue
Sales 10,320.00 100%
Expenses k
Advertising Expense 600.00
Cash Short and Over 2.00
Insurance Expense 200.00 ;v
Miscellaneous Expense 400.00
Rent Expense 3,600.00
Repair Expense 878.00
Supplies Expense 1,420.00
Utilities Expense 960.00
Total Expenses 8,060.00 78.10%
Net Income 2,260.00 21.90%

Peak Performance
Balance Sheet
31 August, 2018
Asset Liabilities
Cash 15,405.00 Accts. Pay.- Dakota Supplies 400.00
Petty Cash 200.00 Accts. Pay.- Seaside Supplies 240.00
Accts. Rec.- Skiffton University 350.00 Total Liabilities 640.00
Accts. Rec.- Valley University 200.00
Supplies 845.00 Owner's Equity
Prepaid Insurance 2,200.00 Jasmine Quinn, Capital Before 18,000.00
Jasmine Quinn, Drawing 1,700.00
Net Income 2,260.00
Jasmine Quinn, Capital After 18,560.00
Total Assets 19,200.00 Total Liabilities and Owner's Equity 19,200.00

Peak Performance
Post Closing Trial Balance
31 August 2018
ACCOUNT TITLE DEBIT CREDIT
1 Cash 15,405.00 1
2 Petty Cash 200.00 2
3 Accounts Receivable - Skiffton University 350.00 3
4 Accounts Receivable - Valley College 200.00 4
5 Supplies 845.00 5
6 Prepaid Insurance 2,200.00 6
7 Accounts Payable - Dakota Supplies 400.00 7
8 Accounts Payable - Seaside Supplies 240.00 8
9 Jasmine Quinn, Capital 18,560.00 9
10 Totals 19,200.00 19,200.00 10
11 11
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14 14
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16 16
17 17
18 18
19 19
20 20
21 21
22 22
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Reinforcement Activity 1 Financial Statement Amp Worksheets

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Peak Performance

DATE ACCOUNT TITLE NO. REF. DEBIT CREDIT

1 Aug 1 Cash R1 110 18,000.00 1

2 Jasmine Quinn, Capital 310 18,000.00 2

3 Aug 1 Rent Expense C1 550 3,600.00 3

4 Cash 110 3,600.00 4

5 Aug 2 Utilities Expense C2 580 210.00 5

6 Cash 110 210.00 6

7 Aug 4 Supplies C3 570 900.00 7

8 Cash 110 900.00 8

9 Aug 4 Prepaid Insurance C4 530 2,400.00 9

10 Cash 110 2,400.00 10

11 Aug 7 Supplies M1 570 1,000.00 11

12 Accounts Payable-Dakota Supplies 210 1,000.00 12

13 Aug 11 Petty Cash C5 120 200.00 13

14 Cash 110 200.00 14

15 Aug 12 Cash T12 110 950.00 15

16 Sales 410 950.00 16

17 Aug 13 Repair Expense C6 560 500.00 17

18 Cash 110 500.00 18

19 Aug 13 Miscellaneous Expense C7 540 80.00 19

20 Cash 110 80.00 20

21 Aug 13 Accounts Receivable - Valley College S1 140 450.00 21

22 Sales 410 450.00 22

23 Aug 14 Advertising Expense C8 510 600.00 23

24 Cash 110 600.00 24

25 Aug 15 Jasmine Quinn, Drawing C9 320 500.00 25

26 Cash 110 500.00 26

27 Aug 15 Accounts Payable - Dakota Supplies C10 210 600.00 27

28 Cash 110 600.00 28

29 Aug 15 Accounts Receivable - Skiffton University S2 130 850.00 29

30 Sales 410 850.00 30

31 Aug 18 Miscellaneous Expense C11 540 190.00 31

32 Cash 110 190.00 32

33 18 Carried Forward V 31,030.00 31,030.00 33

DOC. POST. GENERAL

DATE ACCOUNT TITLE NO. REF. DEBIT CREDIT

1 Aug 18 Brought Forward V 31,030.00 31,030.00 1

2 18 Cash R2 110 250.00 2

3 Account Receivable - Valley College 140 250.00 3

4 Aug 19 Cash T19 110 2,040.00 4

6 Aug 20 Repair Expense C12 560 320.00 6

7 Cash 110 320.00 7

8 Aug 20 Supplies M2 150 240.00 8

9 Accounts Payable- Seaside Supplies 220 240.00 9

10 Aug 21 Utilities Expense C13 580 530.00 10

11 Cash 110 530.00 11

12 Aug 25 Supplies C14 150 85.00 12

13 Cash 110 85.00 13

14 Aug 25 Cash T25 110 2,240.00 14

15 Sales 410 2,240.00 15

16 Aug 26 Miscellaneous Expense C15 540 35.00 16

17 Cash 110 35.00 17

18 Aug 26 Cash R3 110 500.00 18

19 Accounts Receivable-Skiffton University 130 500.00 19

20 Aug 28 Utilities Expense C16 580 220.00 20

21 Cash 110 220.00 21

22 Aug 28 Cash T28 110 600.00 22

23 Sales 410 600.00 23

24 Aug 29 Miscellaneous Expense M3 540 25.00 24

25 Cash 110 25.00 25

26 Aug 29 Supplies C17 150 40.00 26

27 Cash 110 40.00 27