Sonya Smart started her own business, Clear Sky Cleaning. She offers interior and exterior window cleaning for local area residents. Sonya rents a garage to store her tools and cleaning supplies and has a parttime assistant to answer the phone and handle extra work when necessary.
a Sonya made a deposit in a bank account for the business, $
b Paid rent, $
c Purchased a used van for cash, $
d Purchased tools on account from Clean Tools, $
e Purchased cleaning supplies that cost $ Paid $ cash and will pay the balance next month.
f Paid parttime assistant wages for first half of month, $
g Paid for advertising, $
h Paid twoyear premium for liability insurance on van, $
i Received cash for services performed, $
j Performed cleaning services for clients on account, $
k Paid phone bill, $
l Received cash from clients for window cleaning performed on account in transaction j $
m Paid parttime assistant wages for second half of month, $
n Made partial payment on tools purchased in transaction d $
o Earned additional revenues amounting to $: received $ in cash.
p Sonya withdrew cash at the end of the month for personal expenses, $
Foot TAccounts to confirm the debit and credit balances.
Create a Trial Balance report to show ending balances.
Create a Profit and Loss Statement, and Balance Sheet as of September