Practice company · Induction · March 2026
Cedar & Co.
Landscape · Connecticut · March 1 openings; March 2026 still open
Your job this month
Close March 2026 for Cedar & Co.
Openings, one invoice, and two bills are already on the books. Cash has not moved. Post the adjusting journal, clear the First County feed, then submit the reports. A clean close unlocks practice months. You can replay this guided close anytime.
- Checking
- $12,400.00
- Net profit YTD
- -$1,340.00
- Assets
- $21,860.80
- Liabilities
- $3,492.80
Step 1
Post mower depreciation
Mower $4,800.00, five-year life, straight-line, no salvage. One month is $80.00. Debit Depreciation, credit Accumulated depreciation. This does not touch Checking.
The statement is on Bank feed. This tab is the papers and the journals.
New journal
Account
Debit
Credit
Account
Debit
Credit
Already on the books
Do not post these again. Cash still waits for the bank feed.
2026-03-01
Bill Harbor Rentals — March shed rent
- Dr Rent $1,800.00
- Cr Accounts payable $1,800.00
2026-03-02
Bill Quinn Fuel — diesel
- Dr Fuel & vehicle $340.00
- Cr Accounts payable $340.00
2026-03-03
INV-218 Northline LLC — patio prep (taxable)
- Dr Accounts receivable $850.80
- Cr Landscape services $800.00
- Cr Sales tax payable $50.80
2026-03-01
Opening balances at March 1, 2026
- Dr Checking $12,400.00
- Dr Accounts receivable $2,150.00
- Dr Equipment $8,600.00
- Cr Accumulated depreciation $2,140.00
- Cr Accounts payable $890.00
- Cr Credit card $412.00
- Cr Owner's equity $19,708.00
Step 2
Bank feed · First County March
Match when the invoice or bill is already posted. Create when the bank moved and the books have not — fees, draws, card swipes. Each click posts the journal. Undo takes it back.
- Statement ending
- $9,044.80
- Checking in the books
- $12,400.00
- Left to clear
- $3,355.20
0/6 statement lines. Match or create until the difference is $0.00.
2026-03-04
NORTHLINE LLC
INV-218 is already on Accounts receivable. The deposit settles it — cash in, AR down. Do not credit income again.
$850.802026-03-05
QUINN FUEL
The fuel bill is already on Accounts payable. This is the payment — AP down, cash out.
-$340.002026-03-06
HARBOR RENTALS
The rent bill is already on Accounts payable. This is the payment — AP down, cash out.
-$1,800.002026-03-08
FIRST COUNTY FEE
No bill for this. Create it from the feed — debit Bank & merchant fees, credit Checking.
-$12.002026-03-09
OWNER DRAW
Not wages and not an expense. Create — debit Owner drawings, credit Checking.
-$2,000.002026-03-11
SHELL 4492
A card swipe with no bill. Create — debit Fuel & vehicle, credit Checking.
-$54.00
Step 3
Read, then submit
- Trial balance is in balance.
- Checking is $12,400.00 — finish the bank feed to bring this to $9,044.80.
- Adjusting journals — still missing. Post them on Journal before you call the month closed.
- March can show a loss: one $800 invoice against rent, fuel, fees, and depreciation. That is the month, not an error.
Trial balance
In balance.