[tendr4u2]

I started my own business in April, 2007. I started of the business account with $1000, $600 which was borrowed and $400 of my own money. At the end of July, my account had a balance of $690 and my customers still owe me $500. I have already collected $4250 from my customers. My supplies started at $400 and I have $50 of supplies left. I've paid employees $1900 and still owe them $200. I rented equipment for a 6 month period and paid $600 for the full rent. I spent $300 in repairs and expect to get $200 refunded from the rental. I also purchased my own equipment for $300, of which, I have used $100 of it's service potential. I withdrew $460 from the business account and also paid the $600 loan back.

I'm having difficulty posting these transactions to my unadjusted trial balance, adjusting the trial balance, to come up with an adjusted trial balance. I think it's the $600 loan that's throwing me off. Is my beginning capital $1000 or only $400 because that amount was my own money?

Please help me!:confused:

[Smith21000]

In April your entry would be the following

DR: Cash 1000
CR: Note Payable 600
CR: Capital 400

In regards to the remaining entries there are to many unknowns in order to decipher all the proper entries. If you still don't balance we can take your entries one at a time however I'll need additional information to help. FYI Please realize that it will save you a huge headache and considerable fees in the future if you make sure your accounting records are in good shape as you progress in your business. It can become difficult and costly if you have to go back to recreate your transactions. I hope this helps :)