P5.1
Acct# 13 Unissued Capital Stock 12 Authorized Capital Stock
5,000,000.00
4 Subscriptions receiable 14 Subscribed Capital Stock 15 Pre!iu! Pre!iu! on Capital Stock
1,040,000.00
1 Cash in bank 4 Subscriptions Subscriptions receiable receiable 14 Subscribed Capital Stock 13 Unissued Capital Stock 1 Cash in bank 13 Unissued Capital Stock 15 Pre!iu! Pre!iu! on Capital Stock
#00,000.00
2,0$0,000.00
2 Pett% cash &und 1 Cash in bank
1,000.00
# 'and 1 Cash in bank
200,000.00
" (uildin) 1 Cash in bank
1,$00,000.00
$ *urniture and *i+tures 1 Cash in bank -ce /uip!ent 1 Cash in bank 10 Store /uip!ent 1 Cash in bank 1 Cash in bank 3 Accounts receiable 1# Sales Sales
"00,000.00
1" Sa Sales eturns and Alloances 3 Accounts receiable 1$ Purchases
120,000.00
$0,000.00
100,000.00
#43,000.00 1,252,000.00
3,000.00
1,25",000.00
1 *rei)ht in 11 Accounts Accounts Pa%able Pa%able 1 Cash in bank
1 Cash in bank 20 Purchase Purchase eturns eturns and Alloances
2,400.00
22 arketin) /+penses 1 Cash in bank
2#,000.00
23 eneral and Ad!inistratie /+penses 1 Cash in bank
304,000.00
1 Cash in bank 24 Co!!ission 6nco!e 5 Prepaid insurance 1 Cash in bank
1$,300.00
12,"00.00
2,400.00
1 Cash in bank 3 Accounts Accounts receiable receiable
$"0,000.00
11 Accounts Pa%able 21 Purchase Purchase 7iscounts 1 Cash in bank
#1$,000.00
1# Sales 1 Cash in bank
1,$00.00
pts 1 5,000,000.00 1 1,000,000.00 40,000.00 1
"00,000.00 1
#00,000.00 1
2,000,000.00 $0,000.00 1
1,000.00 1
200,000.00 1
1,$00,000.00 1
120,000.00 1
$0,000.00 1
100,000.00
1 1,$5,000.00 1
3,000.00 1
1
$34,000.00 441,300.00 1
2,400.00 1
2#,000.00 1
304,000.00 1
12,"00.00 1
2,400.00 1
$"0,000.00
4,500.00 #13,500.00
1
1
1,$00.00 23 plus plus "
1 Cash in bank 2 Petty cash fund 3 Accounts receivable Subscriptions receivable 4 Subscriptions 5 Prepaid insurance # Land " Buildin $ !urniture and !i"tures $ce E%uip&ent 10 Store E%uip&ent 11 Accounts Payable 12 Authori'ed Capital Stock 13 (nissued Capital Stock 14 Subscribed Capital Stock 15 Pre&iu& on Capital Stock 1# Sales 1" Sales )eturns and Allo*ances 1$ Purchases 1 !reiht in 20 Purchase )eturns and Allo*ances 21 Purchase Discounts 22 +arketin E"penses 23 ,eneral and Ad&inistrative E"penses 24 Co&&ission -nco&e
Totals per Entry Dr. Cr. 4,30$,100.00 3,#0,000.00 1,000.00 8 1,252,000.00 $"3,000.00 1,040,000.00 "00,000.00 2,400.00 8 200,000.00 8 1,$00,000.00 8 120,000.00 8 $0,000.00 8 100,000.00 8 #1$,000.00 $34,000.00 8 5,000,000.00 5,000,000.00 2,#00,000.00 #00,000.00 1,000,000.00 8 120,000.00 1,$00.00 1,$5,000.00 3,000.00 8 1,25",000.00 8 1$,300.00 8 8 2,400.00 8 4,500.00 2#,000.00 8 304,000.00 8 8 12,"00.00 1",001,#00.00
1",001,#00.00
Totals per ,iven Dr. Cr. 4,30$,100.00 3,#0,000.00 1,000.00 1,252,000.00 $"3,000.00 1,040,000.00 "00,000.00 2,400.00 200,000.00 1,$00,000.00 120,000.00 $0,000.00 100,000.00 #1$,000.00 $34,000.00 5,000,000.00 5,000,000.00 2,#00,000.00 #00,000.00 1,000,000.00 120,000.00 1,$00.00 1,$5,000.00 3,000.00 1,25",000.00 1$,300.00 2,400.00 4,500.00 2#,000.00 304,000.00 12,"00.00 1",001,#00.00
1",001,#00.00
Dr.
Dierence Cr. 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8
8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8
P5.2 /. )econstruction of 0ournal Entries 12on3Ad4ustin5 12on3Ad4ustin5 11 Subscriptions eceiable 1,010,000.00 1 Subscribed Capital Stock 20 Pre!iu! on Capital Stock 1
1
1
12
1
1 2
3
1 24
23
13
4
Cash 11 Subscriptions eceiable
4$0,000.00
Subscribed Capital Stock 1$ Capital Capital Stock Stock 9authori 9authorized zed 5,000 5,000 sh
450,000.00
Cash 1$ Capit Capital al Stock Stock 9authori 9authorized zed 5,000 5,000 sh 20 Pre!iu! on Capital Stock
1,010,000.00
4$0,000.00
450,000.0 450,000.00 0
1,000,000 1,000,000.00 .00 10,000.00
:reasur% Stock 21 Paid8in Capital &ro! 7onation
"5,000.00
Cash 12 :reasur% Stock
25,000.00
Cash Accounts eceiable 22 Sales Alloance &or 7oubt&ul Accounts 2 Accounts eceiable Cash Sales 7iscounts 2 Ac Accounts eceiable
"5,000.00
25,000.00 402,000.00 $$#,000.00 1,2$$,000.00 300.00 300.00 453,000.00 3,200.00 45#,200.00
Purchases 13 Accounts Pa%able Ac 1 Cash
$2,000.00
Accounts Pa%able 25 Purchase 7iscounts 1 Cash
31#,"00.00
;otes eceiable 9non8trade< 1 Cash
1,000,000.00 10,000.00
435,000.00 34,000.0 34,000.00 0
2,"00.00 314,000.0 314,000.00 0 12,000.00 12,000.00 12,000.00
1
1
14 35
2#
2"
2
30
31
34
"
Cash 3# 6nterest 6nco!e 4 ;otes eceiable 9non8trade< *urniture and /uip!ent 1 Cash Cash 14 ;otes Pa%able 9;on8trade< ;otes Pa%able 9;on8trade< 6nterest /+pense 1 Cash Salaries and a)es 1 Cash
4,040.00 40.00 4,000.00 1,300,000.00 1,300,000.00 #0,000.00 #0,000.00 24,000.00 120.00 24,120.00 24,120.00 210,000.00 210,000.0 210,000.00 0
:a+es 1 Cash
24,500.00
Supplies /+pense 1 Cash
34,"00.00
ent 1 Cash
3#,000.00
24,500.00 24,500.00
34,"00.00 34,"00.00
3#,000.00 3#,000.00
Utilit% /+penses 1 Cash
",00.00
iscellaneous -peratin) /+penses 1 Cash
2,$00.00
Prepaid Adertisin) 1 Cash
",00.00 ",00.00
2,$00.00 2,$00.00 12,000.00 12,000.00 12,000.00
6. )econstruction of Ad4ustin Entries 32
5
#
7oubt&ul accounts 3 Alloance &or 7oubt&ul Accounts Accrued 6nterest 6nco!e 3# 6nterest 6nco!e erchandise 6nentor% 23 Purchases
4,430.00 4,430.00 20.00 20.00 1"5,000.00 1"5,000.00
2$
$
33
35
2"
2#
Adertisin) " Prepaid Adertisin) Unused Supplies 2 Supplies /+pense
$,000.00 $,000.00 ,500.00 ,500.00
7epr 7eprec ecia iati tion on 8 &ur &urnitu niturre and and eui euip! p!en en #5,0 #5 ,000 00.0 .00 0 10 Accu!ulated Accu!ulated 7epreciation 7epreciation 8 *urniture urniture and /uip!e 6nterest /+pense 15 Accrued 6nterest /+pense
#5,000.00
#0.00 #0.00
:a+es 1# Accrued :a+es
3,300.00
Salaries and a)es 1" Accrued Salaries and =a)es
3,500.00
3,300.00
3,500.00
P-6;:S 1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1 Asset Asset ethod ethod
1 /+pense /+pense ethod ethod
1
1
1
1
i Acct. ;o. 1 Cash 2 Accounts eceiable 3 Alloance &or 7oubt&ul Accounts 4 ;otes eceiable 9non8trade< 5 Accrued 6nterest 6nco!e # erchandise 6nentor% " Prepaid Adertisin) $ Unused Supplies *urniture and /uip!ent 10 Accu!ulated Accu!ulated 7epreciation 8 *urniture *urniture and /uip!ent 11 Subscriptions eceiable 12 :reasur% Stock 13 Accounts Pa%able 14 ;otes Pa%able 9;on8trade< 15 Accrued 6nterest /+pense 1# Accrued :a+es :a+es 1" Accrued Salaries Salaries and =a)es =a)es 1$ Capital Stock 9authorized 9authorized 5,000 shares, P 100 par alue< 1 Subscribed Capital Stock 20 Pre!iu! Pre!iu! on Capital Stock Stock 21 Paid8in Capital Capital &ro! 7onation 7onation 22 Sales Sales 23 Purchases 24 Sales 7iscounts 25 Purchase Purchase 7iscounts 7iscounts 2# Salaries and a)es 2" :a+es 2$ Adertisin) 2 Supplies /+pense 30 ent 31 Utilit% /+penses 32 7oubt&ul accounts 33 7epreciation 8 &urniture and euip!ent 34 iscellaneous -peratin) /+penses 35 6nterest /+pense 3# 6nterest 6nco!e
7r. 2,434,040.00 $$#,000.00 300.00 12,000.00 20.00 1"5,000.00 12,000.00 ,500.00 1,300,000.00 1,010,000.00 "5,000.00 31#,"00.00 24,000.00
450,000.00
$2,000.00 3,200.00 213,500.00 2",$00.00 $,000.00 34,"00.00 3#,000.00 ",00.00 4,430.00 #5,000.00 2,$00.00 1$0.00 ",3",0"0.00
en Cr. 2,3"2,020.00 45#,500.00 4,430.00 4,000.00
$,000.00
#5,000.00 4$0,000.00 25,000.00 435,000.00 #0,000.00 #0.00 3,300.00 3,500.00 1,450,000.00 1,000,000.00 20,000.00 "5,000.00 1,2$$,000.00 1"5,000.00 2,"00.00
,500.00
#0.00 ",3",0"0.00
*ro! /ntries 7r. Cr. 2,434,040.00 2,3"2,020.00 $$#,000.00 45#,500.00 300.00 4,430.00 12,000.00 4,000.00 20.00 8 1"5,000.00 8 12,000.00 $,000.00 ,500.00 8 1,300,000.00 8 8 #5,000.00 1,010,000.00 4$0,000.00 "5,000.00 25,000.00 31#,"00.00 435,000.00 24,000.00 #0,000.00 8 #0.00 8 3,300.00 8 3,500.00 8 1,450,000.00 450,000.00 1,000,000.00 8 20,000.00 8 "5,000.00 8 1,2$$,000.00 $2,000.00 1"5,000.00 3,200.00 8 8 2,"00.00 213,500.00 8 2",$00.00 8 $,000.00 8 34,"00.00 ,500.00 3#,000.00 8 ",00.00 8 4,430.00 8 #5,000.00 8 2,$00.00 8 1$0.00 8 8 #0.00 ",3",0"0.00 ",3",0"0.00
7r.
Checkin) Cr. 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8
8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8
P5.3 erchandise 6nentor% 8 7ece!ber 31, 2012 6nco!e Su!!ar%
33",#00.00 33",#00.00
7oubt&ul Accounts Alloance &or 7oubt&ul Accounts
10,"0.00
7epreciation 8 buildin) Accu!ulated depreciation 8 buildin)
50,000.00
7epreciation 8 oce euip!ent Accu!ulated depreciation 8 oce euip!ent
20,000.00
7epreciation 8 store euip!ent Accu!ulated depreciation 8 store euip!ent
30,000.00
Accrued interest inco!e 6nterest inco!e
10,"0.00
50,000.00
20,000.00
30,000.00 120.00 120.00
Prepaid adertisin) Adertisin) e+pense
",200.00
Unused oce supplies -ce supplies e+pense
$,330.00
Sales ta+es Accrued sales ta+es ent 6nco!e Unearned rent inco!e 6nco!e :a+ /+pense 6nco!e ta+ pa%able
",200.00
$,330.00 12,#00.00 12,#00.00 2,400.00 2,400.00 123,200.00 123,200.00
>i)ht not be an ad?ustin) entr% because e are not sure hether there are neither is there an% )ien &or inco!e ta+ e+pense.
an% pa%!ents !ade durin) the %ear,
P5.4 Anser@ 1. April 200$
Solution@ 23"500B50000 4."5 7ece!ber 31, 2012 8 4."5 %ears April 200$
2. (ldn) 8 30 -./. 8 10 S./. 8 #
1500000B50000 200000B20000 1$0000B30000
3. 21$1500
10"0B.005 215$000 215$00023500
4. 31#000
15$00B.05
5. 7e 7ec. 1 11 1, 2 20 01 2
1$000>.12>#0B3# B3#0 3#0 9120B3#0< > #0da%s 20 da%s 12B31B12 8 20 da%s
#. *eb. , 2013
7ec. 11 11, 2012 # #0 0da%s
". 6(6: 8 352000 ;6 8 22$$00
123200B.35 3520008123200
$. 100
2208120
. 15#00
1200120002400
10. 1000
12000B12
P5.5 12
Subscriptions receiable 11 Subscribed capital stock 13 Pre!iu! Pre!iu! on capital stock
105,000.00
Cash in bank 12 Subscriptions Subscriptions receiable receiable
105,000.00
11
Subscribed capital stock 10 Capital Capital stock stock
100,000.00
1#
7iidends 1" 7iidends pa%able
1
20,000.00
5
Prepaid insurance 1 Cash in bank
#
*urniture and euip!ent 1 Cash in bank
100,000.00
'oans pa%able 6nterest e+pense 1 Cash in bank
100,000.00 2,000.00
4
erchandise inentor% $ Accounts Accounts pa%able 1 Cash in bank
345,000.00
$
Accounts pa%able 1 Cash in bank
2$",000.00
2 1
Accounts receiable Cash in bank 1$ Sales Sales
242,000.00 20$,$00.00
22
1,200.00
1
Cost o& sales 4 erchandise erchandise inentor%
3#2,000.00
1 23
Cash in bank Sales discounts 2 Accounts Accounts receiable receiable
222,300.00 2,"00.00
20 21
arketin) e+penses eneral and ad!inistratie e+pense
3$,000.00 21,000.00
1
Cash in bank
100,000.00 5,000.00
105,000.00
100,000.00
20,000.00
1,200.00
100,000.00
102,000.00
313,000.00 32,000.00
2$",000.00
450,$00.00
3#2,000.00
225,000.00
5,000.00
P 1-De
1 2 3 4 5 # " $ 10 11 12 13 14 15 1# 1" 1$ 1 20 21 22 23
A ccoun t ti tle
Dr.
Cash in bank
90,50 0.00
Accounts receivable
1 22,0 0.00
Allo!ance for "oubtful accounts # ercha n"is e inv entor $
%,50 0.00
&re'ai" insurance (urniture an" e)ui'*ent
2 %+,0 0.00
Accu*ulate" "e'reciation 3 furniture an" e)ui'*ent Accounts 'a$able oans 'a$able Ca'ital stock ubscribe" ca'ital stock ubscri'tions receivable &re*iu* on ca'ital stock etaine" earnin/s, Dece*ber 1 A''ro'riate" for contin/encies Divi"en"s Divi"en"s 'a$able ales Cost of sales #arketin/ e'enses eneral an" a"*inistrative e'ense nterest e'ense ales "iscounts Totals
5 %5,+0 0.00
6D/; Trial Balance as of c-1 6
4 1-Dec -16 Cr.
Dr.
Cr.
626,600.00
5%1,200.00
46+,00.00
225,000.00
2,900.00
2,900.00 +42,500.00
462,000.00
1,200.00 4%+,00.00 65,000.00
65,000.00
62,600.00
2%,000.00
45,600.00
100,000.00
100,000.00
100,000.00
400,000.00
+00,000.00 100,000.00
100,000.00
105,000.00
105,000.00
10,000.00
15,000.00
2+,900.00
2+,900.00
20,000.00
20,000.00 20,000.00 20,000.00 +50,%00.00 462,000.00 4%,000.00 21,000.00 2,000.00 2,00.00
5%5,+00.00
2,%+,+00.00
2,%+,+00.00
*- /C-;S:UC:/7 /;:6/S Trial Balance as of 1 -Dec -16 Dr.
41-D ec-16 C r.
Dr.
Cr .
90,500.00
626,600.00
5%1,200.00
122,00.00
46+,00.00
225,000.00
%,500.00
+42,500.00
2%+,00.00 62,600.00 400,000.00
10,000.00
462,000.00
1,200.00
-
4%+,00.00
-
-
65,0 65,000 00.0 .00 0
2%,000.00
45,600.00
100,000 100,000.00 .00
100,000 100,000.00 .00
-
+00,000.00
100,000.00
100,000.00
105,000.00
105,000.00
-
15,000.00
-
2+,9 2+,900 00.0 .00 0
-
20,0 20,000 00.0 .00 0
20,000.00
5%5,+00.00
2,90 2,900. 0.00 00
5%5,+00.00
-
-
20,000.00
-
+50,%00.00
462,000.00
-
4%,000.00
-
21,000.00
-
2,000.00
-
2,00.00
-
76**//;C/ Trial Balance as of 1-Dec -16 Dr.
41-De c-16 C r.
D r.
C r.
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
P5.# 2$
Store supplies used 4 Store supplies
$,000.00
2"
6nsurance e+pense 5 Prepaid Prepaid insurance
3,000.00
2#
7epreciation E buildin) $ Accu!ulated Accu!ulated depreciation depreciation E buildin)
23
7epreciation E delier% euip!ent 10 Accu!ulated Accu!ulated depreciation depreciation E delier% euip!ent
25 20
-ce salaries Sales!enFs salaries 13 Accrued salaries pa%able
24,000.00
12,$00.00
#,420.00 $,340.00
)eversin Entries $,00 $,000. 0.00 00
3,000.00
24,000.00
12,$00.00
14,"#0.00
Accru ccrued ed sala salari ries es pa%a pa%abl ble e -ce salaries Sales!enGs salaries
14," 14 ,"#0 #0.0 .00 0
#,420.00 $,340.00
P As of #a #arc na"7uste" trial balance Account title
1 2 3 4 5 # "
$
10 11 12 13 14 15 1# 1" 1$ 1 20 21 22 23 24 25 2# 2" 2$
Dr.
Cash
Cr .
0 ,+00 .00
nventor$, 8anuar$ 1
190 ,000 .00
Accounts receivable
10 ,000 .00
tore su''lies
14 ,+00 .00
&re'ai" insurance
+ ,500 .00
an"
4++ ,000 .00
Buil"in/
500 ,000 .00
Accu*ulate" "e'reciation 3 buil"in/ Deliver$ e)ui'*ent
101,000.00
+4,200.00
1+0 ,000 .00
Accu*ulate" "e'reciation 3 "eliver$ e)ui'*ent otes 'a$able
29, 000.0 0
Accounts 'a$able
%1, 500.0 0
Accrue" salaries 'a$able e$nal"o Cor'u:, ca'ital
1, 009, 9+0.0 0
e$n e$nal al"o "o Cor' Cor'u: u:, , "ra! "ra!in in/ /
+2,0 +2,000 00.0 .00 0
ales ales returns an" allo!ances &urchases
1, +40, 000.0 0
1%,100.00 1,094 ,000 .00
&urchase returns an" allo!ances
ales*en;s salaries
1 ,660 .00
A "vert isin /
12 ,000 .00
Deliver$ e'enses
25 ,000 .00
14,000.00
De'reciation 3 "eliver$ e)ui'*ent ent e'ense
22 ,000 .00
5+ ,5%0 .00
De'reciation 3 buil"in/ nsurance e'ense tore su''lies use" ent e'ense
2,0,6+0.00
2, 0, 6+0.0 0
h 41, 2016 A"7uste" trial balance Dr.
Cr.
0,+00.00 190,000.00 10,000.00 5,+00.00 1,500.00 4++,000.00 500,000.00 125,000.00 1+0,000.00 56,000.00 29,000.00 %1,500.00 1+,60.00 1,009,9+0.00 +2,000.00 1,+40,000.00 1%,100.00 1,094,000.00 14,000.00 %0,000.00 12,000.00 25,000.00 12,%00.00 22,000.00 61,000.00 2+,000.00 4,000.00 %,000.00 2,59,200.00
2,59,200.00
na"7uste" trial balance Dr.
Cr.
AD8T =T= Dr.
Cr.
0,+00.00
-
-
190,000.00
-
-
10,000.00
-
-
14,+00.00
-
%,000.00
+,500.00
-
4,000.00
4++,000.00
-
-
500,000.00
-
-
101,000.00 1+0,000.00
-
2+,000.00 -
+4,200.00
-
29,000.00
-
-
%1,500.00
-
-
1,009,9+0.00
12,%00.00
1+,60.00
-
-
-
-
-
-
1%,100.00
-
-
1,094,000.00
-
-
-
-
+2,000.00 1,+40,000.00
14,000.00 1,660.00
%,4+0.00
-
12,000.00
-
-
25,000.00
-
-
12,%00.00 22,000.00
-
5+,5%0.00
2,"0",#40.00
2,"0",#40.00
-
6,+20.00
-
2+,000.00
-
4,000.00
-
%,000.00
-
#2,5#0.00
#2,5#0.00
A"7uste" trial balance Dr.
76**//;C/S
Cr.
0,+00.00 190,000.00 10,000.00 5,+00.00 1,500.00 4++,000.00 500,000.00
8 8 8 8 8 8 8
8 8 8 8 8 8 8
8 8
8 8
8 8 8
8 8 8
8
8
8
8
8 8
8 8
8 8
8 8
8 8 8 8
8 8 8 8
8 8 8
8 8 8
8 8 8
8 8 8
125,000.00 1+0,000.00 56,000.00 -
29,000.00 %1,500.00 1+,60.00 1,009,9+0.00
+2,000.00 1,+40,000.00 1%,100.00 1,094,000.00 14,000.00 %0,000.00 12,000.00 25,000.00 12,%00.00 22,000.00 61,000.00 2+,000.00 4,000.00 %,000.00
2,"5,200.00
2,"5,200.00
H/I A A A
1
Cash in (ank 13 Capital stock Investment of Cash
( ( ( ( ( (
4 " $
aterials inentor% *actor% supplies inentor% Prepaid insurance achiner% and euip!ent 14 Douchers pa%able Purchase of inventory, equipment and i
C C C C
# 1" 1$
=ork in process inentor% arketin) e+penses Ad!inistratie e+penses 12 Accrued pa%roll Record payroll, ex except th that fo for FOH, inc
7 7 7
#
/ / / / / /
#
* * *
12
Accrued pa%roll 14 Douchers pa%able Record issuance of !P for "ccrued Payr
1" 1$
arketin) e+penses Ad!inistratie e+penses 14 Douchers pa%able Record mar#eting and admin expenses
J J J
14
Douchers pa%able 10 ort)a)e pa%able Record Record payment payment of vouche vouchers rs paya$l paya$le e vi
6 6 6
1
*inancial e+penses 14 Douchers pa%able Record of %nancial expenses to $e paid
=ork in process inentor% 4 aterials inentor% Issuance of materials to WIP =ork in process inentor% " *actor% supplies inentor% $ Prepaid insurance 12 Accrued pa%roll 14 Douchers pa%able Record FOH incurred during the period
K K K
1$
Ad!inistratie Ad!inistratie e+penses $ Prepaid Prepaid insurance insurance Reco ecord expi expirred porti ortion on of prepa epaid ins insur
H H H
5
*inished )oods inentor% # =ork in process inentor% Recor Record d trans transfer fer of of goods goods compl complete eted d fro fro
' ' ' '
2 3
;otes receiable Accounts receiable 15 Sales Record sales for notes and on accounts
1#
; ; ; ;
1
-
14
P P
1
Cost o& )oods sold 5 *inished )oods inentor% Record cost of goods sold Cash in (ank 2 ;otes receiable 3 Accounts receiable Record partial collection of "R and 'R Douchers pa%able 1 Cash in (ank Record partial payment of P *inancial e+penses 11 Accrued interest on !ort)a)e Record accrual of interest on mortgage
1,500,000.00 1,500,000.00
1,250,000.00 1$0,000.00 1,000.00 50,000.00 2,3,000.00 surance 1,1#5,000.00 $0,000.00 0,000.00 1,335,000.00 rred for the period 1,1$0,000.00 1,1$0,000.00
55,000.00 140,000.00 10,000.00 135,000.00 310,000.00
1,451,000.00 1,451,000.00 ll 15,000.00 15,000.00 30,000.00 or the period 500,000.00 500,000.00 mortgage paya$le 55,000.00 55,000.00 for the period
5,000.00 5,000.00
nce applica$le to admin expenses
2,$00,000.00 2,$00,000.00 WIP to F& 200,000.00 3,400,000.00 3,#00,000.00
2,500,000.00 2,500,000.00
3,140,000.00 120,000.00 3,020,000.00
3,"00,000.00 3,"00,000.00
",500.00 ",500.00
total *-J 9.2>2,$00,000< 9.2>2,$00,000< &ro! total * &or the period 35,000 &ro! =6P, end total *-J 55,000 so!e t%pe o& *-J 9;ot labor, not !aterials, not insurance<
2"50008$00009labor< 20000800009labor<850009insurance<
He% A ;
CAS7 7. He% 1,500,000.00 3,140,000.00 4,#40,000.00 /.(.
He% H
/.(.
/.(.
He%
7.
CAP-TAL STC; He% A
8 /.(.
He% C
+A);ET-2, E=PE2SES 7. He% $0,000.00 15,000.00 2"5,000.00 /.(.
He% C 7 /
2,500,000.00 300,000.00
+AC7-2E)9 A2D E<(-P+E2T 7. He% C. 50,000.00
50,000.00
He% '
3,"00,000.00 40,000.00
!-2-S7ED ,DS -28E2T)9 7. He% C. 2,$00,000.00 2,500,000.00
2,$00,000.00
He% (
C. 3,"00,000.00
He%
8 50,000.00
C. 1,500,000.00
He% J -
1,500,000.00 91,500,000.00<
C.
8 2"5,000.00
He% C K
2TES )ECE-8ABLE 7. He% 200,000.00 ;
200,000.00 /.(.
8 /.(.
8(C7E)S 8(C 7E)S PA9ABLE 7. He% 500,000.00 ( 3,"00,000.00 / * 6 4,200,000.00 /.(.
He% '
120,000.00 $0,000.00
:); -2 P),)ESS -28E2T)9 7. He% C. 1,1#5,000.00 H 2,$00,000.00 1,1$0,000.00 55,000.00 2,40,000.00 2,$00,000.00 /.(. 140,000.00 +)T,A,E PA9ABLE 7. He% J
C. 120,000.00
C. 500,000.00
He% (
He%
500,000.00 9500,000.00<
C. 2,3,000.00 310,000.00 1,451,000.00 30,000.00 55,000.00 4,#05,000.00 9405,000.00<
AD+-2-ST)AT-8E E=PE2SES 7. He% C. 0,000.00 15,000.00 5,000.00 20,000.00 8 /.(. 20,000.00
He%
He% 6 P
ACC(2TS )ECE-8ABLE 7. He% 3,400,000.00 ;
3,400,000.00 /.(.
C. 3,020,000.00
3,020,000.00 3$0,000.00
!ACT)9 S(PPL-ES S(PPL- ES -28E2T)9 - 28E2T)9 7. He% C. 1$0,000.00 / 140,000.00
1$0,000.00 /.(.
/.(.
7.
SALES He% '
8 /.(.
!-2A2C-AL E=PE2SES 7. He% 55,000.00 ",500.00 #2,500.00 /.(.
He% (
140,000.00 40,000.00
ACC)(ED -2TE)EST 2 +)T,A,E 7. He% C. P ",500.00
8
He% (
He% *
",500.00 9",500.00<
C. 3,#00,000.00
3,#00,000.00 93,#00,000.00<
C.
8 #2,500.00
He%
+ATE)-ALS -28E2T)9 7. He% 1,250,000.00 7
1,250,000.00 /.(.
P)EPA-D P)EPA-D -2S()A2CE -2S()A2C E 7. He% 1,000.00 / K 1,000.00 /.(.
ACC)(ED PA9)LL 7. He% 1,451,000.00 C / 1,451,000.00 /.(.
CST ! ,DS SLD 7. He% 2,500,000.00
2,500,000.00 /.(.
C. 1,1$0,000.00
1,1$0,000.00 "0,000.00
C. 10,000.00 5,000.00 15,000.00 4,000.00
C. 1,335,000.00 135,000.00 1,4"0,000.00 91,000.00<
C.
8 2,500,000.00
Tr T ransa Dr.
1 2 3 4 5 # " $ 10 11 12 13 14 15 1# 1" 1$ 1
Cash in Bank otes receivable
+,6+0 ,000. 00 200 ,000. 00
Accounts receivable
4,+00 ,000. 00
#aterials inventor$
1,250,000.00
(inishe" /oo"s inventor$
2,%00 ,000. 00
>ork in 'rocess inventor$
2,9+0 ,000. 00
(actor$ su''lies inventor$ &re'ai" insurance #achiner$ an" e)ui'*ent
1%0 ,000. 00 19 ,000. 00 950 ,000. 00
#ort/a/e 'a$able Accrue" interest on *ort/a/e Accrue" 'a$roll
1,+51 ,000. 00
Ca'ital stock ?ouchers 'a$able
+,200 ,000. 00
ales Cost of /oo"s sol"
2,500 ,000. 00
#arketin/ e'enses
25 ,000. 00
A"*inistrative e'enses
290 ,000. 00
(inancial e'enses
62 ,500. 00 25,15,500.00
ctions
Balances Cr.
Dr.
Cr.
4,00,000.00
9+0,000.00
120,000.00
%0,000.00
4,020,000.00
4%0,000.00
1,1%0,000.00
0,000.00
2,500,000.00
400,000.00
2,%00,000.00
1+0,000.00
1+0,000.00
+0,000.00
15,000.00
+,000.00
500,000.00
,500.00
1,+0,000.00
19,000.00
1,500,000.00
+,605,000.00
+05,000.00
4,600,000.00
25,15,500.00
6,041,500.00
6,041,500.00
Totals 'er =ntr$
Dif fe
Dr.
Cr.
+,6+0,000.00
4,00,000.00
200,000.00
120,000.00
4,+00,000.00
4,020,000.00
1,250,000.00
1,1%0,000.00
2,%00,000.00
2,500,000.00
2,9+0,000.00
2,%00,000.00
1%0,000.00
1+0,000.00
19,000.00
15,000.00
950,000.00
Dr.
-
-
500,000.00
-
,500.00
1,+51,000.00 +,200,000.00 -
1,+0,000.00 1,500,000.00 +,605,000.00 4,600,000.00
2,500,000.00
-
25,000.00
-
290,000.00
-
62,500.00
-
25,15,500.00
25,15,500.00
8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8
ences Cr.
8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8
)E8E)S-2, E2T)-ES 2# 6nterest 6nco!e # Accrued interest inco!e 2"
-peratin) /+ /+penses " Prepaid Prepaid operatin) e+penses
15
Accrued operatin) e+penses 2" -peratin) /+penses
1#
Accrued in interest e+ e+pense 30 6nterest 6nterest /+pense
1"
Unearned rent inco!e 31 ent ent 6nco!e
E2T)-ES !) T)A2SACT-2S C+PLETED D()-2, T7E 9EA) 1
Cash 1$ Capital Capital stock stock 21 Pre!iu! Pre!iu! on capital stock
5
erchandise inentor% 13 Accounts Accounts pa%able
2 4
Accounts receiable ;otes receiable 24 Sales Sales
3#
1
Cost o& oods Sold 5 erchandise erchandise inentor% Cash 2 Accounts Accounts receiable receiable 4 ;otes receiable receiable
1
Cash 2# 6nterest 6nterest 6nco!e
1
Cash 31 ent ent 6nco!e
1 12 34
Cash Accu!ulated depreciation E /uip. 'oss on Sale o& /uip!ent
11 1
1
1
/uip!ent /uip!ent
Cash 20 Subscriptions Subscriptions receiable receiable Subscribed capital stock 1$ Capital Capital stock stock Cash $ 6nest!ent in stock 35 ain on Sale o& 6nest!ent
13
Accounts pa%able 1 Cash Cash
14
'oans pa%able 1 Cash Cash
30
6nterest /+pense 1 Cash Cash
2"
-peratin) /+ /+penses 1 Cash Cash
11
/uip!ent 1 Cash Cash
22
32
22
*urniture and L+tures 1 Cash Cash etained earnin)s, 7ece!ber 1 32 7iidends Pa%able Pa%able 7iidends Pa%able 1 Cash Cash etained earnin)s, 7ece!ber 1 23 Appropriated Appropriated &or contin)encies
AD0(ST-2, E2T)-ES 25
#
7oubt&ul Accounts /+pense 3 Alloance &or doubt&ul accounts Accrued in interest in inco!e
2# "
6nterest 6nterest 6nco!e
Prepaid operatin) e+penses 2" -peratin) /+penses
2$
7ep 7eprecia eciattion ion 8 *urnitu niturre and and *i+tu i+turres 10 Accu!ulated Accu!ulated depreciation depreciation E *M*
2
7epreciation 8 /uip!ent 12 Accu!ulated Accu!ulated depreciation depreciation E /uip.
2"
-peratin) /+ /+penses 15 Accrued operatin) e+penses
30
6nterest /+pense 1# Accrued interest e+pense
31
ent 6nco!e 1" Unearned rent inco!e
1,000.00 1,000.00 21,000.00 21,000.00 ",#00.00 ",#00.00 00.00 00.00 500.00 500.00
203,000.00 200,000.00 3,000.00 1,112,000.00 1,112,000.00 1,52,000.00 30,000.00 1,55,000.00 1,12$,000.00 1,12$,000.00 1,54",000.00 1,50",000.00 40,000.00 2,100.00 2,100.00 13,000.00 13,000.00 4$,500.00 10,000.00 1,500.00
#0,000.00
#0,000.00 #0,000.00 100,000.00 100,000.00 11,000.00 10,000.00 1,000.00 1,10#,000.00 1,10#,000.00 50,000.00 50,000.00 ,$00.00 ,$00.00 2$",000.00 2$",000.00 $0,000.00 $0,000.00 20,000.00 20,000.00 50,000.00 50,000.00 50,000.00 50,000.00 10,000.00 10,000.00
2,400.00 2,400.00 500.00
500.00
1",000.00 1",000.00 2$,000.00 2$,000.00 32,000.00 32,000.00 ,300.00 ,300.00 "00.00 "00.00 1,500.00 1,500.00
He% (.(. C. C. SA'/
ACC(2TS )ECE-8ABLE 7. He% C. 204,000.00 C-''. 1,50",000.00 1,52, 1,52,000 000.00 .00 1,"33,000.00 /.(.
He% (.(. C.PU
/.(.
He% 76SP
/.(.
1,50",000.00 22#,000.00
+E)C7A2D-SE -28E2T)9 7. He% C. 354,000.00 C-S 1,12$,000.00 1,112,000.00 1,4##,000.00
1,12$,000.00 33$,000.00
ACC(+. DEP. DEP. 3 E<(-P+E2T 7. He% C. 10,000.00 (.(. 130,000.00 7/P. 7/P. 32,000.00 10,000.00 152,000.00
He% (.(. C. C. SA'/ SA'/
1#2,000.00
He% PAI.
/.(.
He% (.(. CASJ PU
2TES )ECE-8ABLE 7. He% "0,000.00 C-''. 30,000.00 100,000.00 /.(.
ACC(2TS ACC (2TS PA9ABLE 7. He% 1,10#,000.00 (.(. C.PU 1,10#,000.00 13,000.00
C. 40,000.00
40,000.00 #0,000.00
C. 1$",000.00 1,112,000.00 1,2,000.00
E<(-P+E2T 7. He% 30,000.00 76SP $0,000.00 4"0,000.00 /.(.
C. #0,000.00
#0,000.00 410,000.00
A 1@1@2016
1 Cash 2 Accounts receivable 3 Allo!ance for "oubtful accounts 4 otes receivable 5 #erchan"ise inventor$ # Accrue" interest inco*e " &re'ai" o'eratin/ e'enses $ nvest*ent in stock (urniture an" fitures 10 Accu*ulate" "e'reciation 3 (( 11 =)ui'*ent 12 Accu*ulate" "e'reciation 3 =)ui'. 13 Accounts 'a$able 14 oans 'a$able 15 Accrue" o'eratin/ e'enses 1# Accrue" interest e'ense 1" nearne" rent inco*e 1$ Ca'ital stock 1 ubscribe" ca'ital stock 20 ubscri'tions receivable 21 &re*iu* on ca'ital stock 22 etaine" earnin/s, Dece*ber 1 23 A''ro'riate" for contin/encies
44,0 00.00 2 0+,0 00.00 +,0 00.00 0,0 00.00 4 5+,0 00.00 1,0 00.00 21,0 00.00 +0,0 00.00 2 %0,0 00.00 1 16,0 00.00 4 90,0 00.00 1 40,0 00.00 1 %,0 00.00 1 00,0 00.00 ,6 00.00 9 00.00 5 00.00 00,0 00.00 1 00,0 00.00 60,0 00.00 20,0 00.00 6,0 00.00 20,0 00.00
8 24 ales 25 Doubtful Accounts ='ense 2# nterest nco*e 2" <'eratin/ ='enses De'reciation - (urniture an" (itures
2$ 2 De'reciation - =)ui'*ent 30 nterest ='ense 31 ent nco*e 32 Divi"en"s &a$able 33 nco*e u**ar$ 34 oss on ale of =)ui'*ent 35 ain on ale of nvest*ent 3# Cost of oo"s ol" 9;et 6nco!e
*- /;:6/S
s of 12@41@2016
D.
41+,%00.00 226,000.00 6,+00.00 60,000.00 44%,000.00 500.00 1,000.00 40,000.00 400,000.00 1++,000.00 +10,000.00 152,000.00 194,000.00 50,000.00 9,400.00 00.00 1,500.00 1,000,000.00
24,000.00 %6,+00.00 40,000.00
8
C .
1,$$4,#00.00 1,52,000.00 8 30,000.00 1,112,000.00 500.00 1",000.00 8 20,000.00 8 $0,000.00 10,000.00 1,10#,000.00 50,000.00 ",#00.00 00.00 500.00 8 100,000.00 8 8 #0,000.00 8 #,00$,100.00
1,#02,$00.00 1,50",000.00 2,400.00 40,000.00 1,12$,000.00 1,000.00 21,000.00 10,000.00 8 2$,000.00 #0,000.00 32,000.00 1,112,000.00 8 ,300.00 "00.00 1,500.00 300,000.00 8 #0,000.00 3,000.00 8 10,000.00 5,2$,"00.00
8 2,400.00 1,000.00 31",300.00
1,55,000.00 8 2,#00.00 24,#00.00
2$,000.00 32,000.00 10,500.00 1,500.00 50,000.00 8 1,500.00 8 1,12$,000.00
8 8 00.00 13,500.00 50,000.00 8 8 1,000.00 8
7iNerence 12@41@2016
314,$00.00 22#,000.00 9#,400.00< #0,000.00 33$,000.00 500.00 1",000.00 30,000.00 300,000.00 9144,000.00< 410,000.00 9152,000.00< 913,000.00< 950,000.00< 9,300.00< 9"00.00< 91,500.00< 91,000,000.00< 8 8 923,000.00< 9",000.00< 930,000.00< ",400.00
91,55,000.00< 2,400.00 91,#00.00< 22,"00.00
2$,000.00 32,000.00 ,#00.00 912,000.00< 8 8 1,500.00 91,000.00< 1,12$,000.00 9",400.00<
8
8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 9",400.00< 8 9",400.00<
D(27-LL +ETAL -2D(ST)-ES> -2C. STATE+E2T ! CST ! ,D +A2(!ACT !) T7E 9EA) E2DED DECE+BE) ?/> 6 aterials, (e)innin) (alance Add@ Purchases o& aterials Purchase eturns o& aterials 'ess@ aterials, /ndin) (alance aterials Used 7irect 'abor anu&acturin) -erhead :otal :otal anu&acturin) anu&acturin) Cost Add@ =6P, (e)innin) 'ess@ =6P, /nd Cost o& oods anu&actured
8 2$2,500.00 92,500.00< 92$,000.00< 252,000.00 140,000.00 210,000.00 #02,000.00 8 9#0,200.00< 541,$00.00
D(27-LL +ETAL -2D(ST)-ES> -2C. -2C+E STATE+E2T !) T7E 9EA) E2DED DECE+BE) ?/> 6 Sales 'ess@ C-S Cost o& oods anu&actured Add@ erchandise 6nentor%, (e). Cost o& oods Aailable &or Sale 'ess@ erchandise 6nentor%, /nd ross ProLt 'ess@ arketin) /+penses Ad!inistratie Ad!inistratie /+penses 6nco!e be&ore 6nco!e :a+ 'ess@ 6nco!e :a+ 'et Income ()oss*
541,$00.00 8 541,$00.00 9135,450.00<
D(27-LL +ETAL -2D(ST)-ES> -2C. BALA2CE S7EET AS ! DECE+BE) ?/> 6@/ ASS/:S Current "ssets Cash Accounts eceiable aterials 6nentor% =ork8in8Process 6nentor% erchandise 6nentor%
2,112.00 113,""$.00 2$,000.00 #0,200.00 135,450.00
'oncurrent "ssets *actor% /uip!ent Accu!ulated 7epreciation 8 *actor% /uip!ent arketin) /uip!ent Accu!ulated 7epreciation 8 arketin) /uip!ent -ce /uip!ent Accu!ulated 7epreciation 8 -ce /uip!ent TTAL ASSETS '6A(6'6:6/S Accounts Pa%able Salaries Pa%able 6nco!e :a+ Pa%able SJA/J-'7/SG /OU6:I Paid8up Capital etained /arnin)s TTAL L-AB-L-T-ES A2D S7A)E7LDE)S E<(-T9
250,000.00 920,000.00< "0,000.00 9",000.00< 40,000.00 94,000.00<
5#,000.00 3,000.00 10,#2.00
#00,000.00 25,5"$.00
()ED /
Source of -nfor&ation
1 1 2 4 5
#
/
5#$,$0.00
$
40#,350.00 1#2,540.00 9" 9 "0,000.00< 95 9 5#,000.00< 3#,540.00 91 9 10,#2.00< 25,5"$.00
" $ 10 11 15 1#
3##,540.00
3,4,5,,10,11,12,13 2 # "
14 5 14 10 14 11
32,000.00 #5,540.00
3 4
#,#2.00
12
#25,5"$.00 #5,540.00
15,1#
CAS7 He% 6nest!ent Collection o& A
7. He% #00,000.00 Purchase o& *i+ed Assets 455,112.00 Pa%!ent o& AP Pa%!ent o& SP Pa%!ent o& -J Pa%!ent o& arketin) /+p.
Pa%!ent o& Ad!in. /+p 1,055,112.00 /.(.
C. 3#0,000.00 224,000.00 13",000.00 10,000.00 #3,000.00
52,000.00 1,02#,000.00 2,112.00
A.
(.
(.19;et 6nco!e 8 1000000 8 (< (.193200000 8 1000000 8 (< (2200008.1( 1.1(220000 (200000 :otal tal /s /sti! ti!ated ated 'ia 'iabilit ilit% %b be& e&or ore e red rede! e!p ptio tion P3 P3 > 9.# 9.#> > 9;o 9;o.. o& o& pac pack ka)es sold B :otal :otal /sti!ated 'iabilit% be&ore be&ore an% rede!ption rede!ption P2,$$0,000 P2,$$0,000 A!ount o& 'iabilit% alread% redee!ed P 3 > 9;o. o& coupons redee!ed B 5< A!ount o& 'iabilit% alread% redee!ed P1,200,000 /sti!ated liabilit% &or pre!iu! clai!s outstandin) :otal /sti!ated 'iabilit% 8 /sti!ated liabilit% &or pre!iu! clai!s outstandin) P1,#$0,000
C. He% (.(. Purrchas Pu chase e
+erchandise -nventory 7. He% C. 8 C-S 1,$00,000.00 2,40 2,400, 0,00 000. 0.00 00 2,400,000.00 /.(.
1,$00,000.00 #00,000.00
He% Pa%!ent
/.(.
A;S@ P#40,000 7.
Cos Cost o& o& oo ood ds Aa Aaiilabl lable e &o &or Sa Sale /n /ndin) din) !er !erchandi andis se in inen ento torr% Cos Cost o& o& Sa Sal Cost o& oods Aailable &or Sale 00,000 14,000,000> Cost of ,oods Available for Sale />@@>@@@ >Cost o& Sales "00>200,000
/.
Sales Q (/P *i+ed Costs B Contribution ar)in atio Contribution ar)in atio 9Sales 8 Dariable Costs@@@>@@@
*.
100,000 .4SP9200,000< .4SP9200,0 00< 8 400,000< SP P#.25
<<
A!ount alread% redee!ed
Accounts Accounts Payable Payable 7. He% 2,00 2,000, 0,00 000. 0.00 00 Purch urchas ase e
2,000,000.00 400,000.00
es
C. 2,40 2,400, 0,00 000. 0.00 00
2,400,000.00
He% Sale Sales s
Account Account 7. 2,34 2,340, 0,00 000. 0.00 00
2,340,000.00
)eceivable He% Collections
C. 1,"00,000.00
/.(.
1,"00,000.00 #40,000.00
He% A A A
5
Account na!e@ Subscriptions receiable 12 Capital stock subscribed 14 Pre!iu! on capital stock
( (
1
Cash in bank 5 Subscriptions receiable
C C
12
Capital stock subscribed 13 Capital stock paid8up
7 7
1
Cash in bank 13 Capital stock paid8up
/ /
2
* *
1
10
J J
"
Pett% cash &und 1 Cash in bank Cash in bank 10 (ank loan (ank loan 1 Cash in bank *urniture and euip!ent 1 Cash in bank
6 6
1#
Purchases Accounts pa%able
K K
Accounts Accounts pa%able 1$ Purchase Purchase returns returns and and alloances alloances
H H
3
Accounts receiable 15 Sales
' '
1"
Sales returns and alloances 3 Accounts receiable
1
Cash in bank 3 Accounts receiable
; ;
Accounts pa%able 1 Cash in bank
-
1
Salaries
-
P P
20 21 22 23 24 25 2$
ent 6nsurance :a+es and licenses Adertisin) -ce supplies aintenance and repairs eneral e+penses 1 Cash in bank
A7KUS:6; /;:6/S 2# (ad debts 4 Alloance &or bad debts
O O
2"
2$
S S
#
7epreciation E &urniture and euip!ent $ Alloance &or depreciation E *urniture and euip eneral e+penses 11 Accrued e+penses Prepaid insurance 21 6nsurance
7r.
Cr. 55,000.00 50,000.00 5,000.00 44,000.00 44,000.00 40,000.00 40,000.00 100,000.00 100,000.00 1,500.00 1,500.00 "5,000.00 "5,000.00 30,000.00 30,000.00 55,555.00 55,555.00 400,000.00 400,000.00 2,000.00 2,000.00 500,000.00 500,000.00 #,#00.00 #,#00.00 334,000.00 334,000.00 20,000.00 20,000.00 30,000.00
",200.00 1,330.00 12,000.00 4,$00.00 2,100.00 1,00.00 34,200.00 3,530.00
$,330.00 $,330.00 5,330.00 en t
5,330.00 2,000.00 2,000.00 330.00 330.00
He% ( 7 *
He% A
He% K ;
He%
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He% -
He%
CAS7 -2 BA2; 7. He% 44,000.00 / 100,000.00 "5,000.00 J 334,000.00 ; 553,000.00 /.(.
C. 1,500.00 30,000.00 55,555.00 20,000.00 3,530.00 4"0,5$5.00 $2,415.00
S(BSC)-PT-2S )ECE-8ABLE 7. He% C. 55,000.00 ( 44,000.00 55,000.00 44,000.00 /.(. 11,000.00 ACC(2TS ACC (2TS PA9ABLE 7. He% 2,000.00 6 20,000.00 22,000.00 /.(.
C. 400,000.00
He% /
PETT9 C 7. 1,500.00
1,500.00
He% S
He%
P)EPA-D 7. 330.00 330.00
BA2; 7. 30,000.00
400,000.00 910$,000.00<
30,000.00
CAP-TAL STC; PA-D3(P 7. He% C. C 40,000.00 7 100,000.00 8 140,000.00 /.(. 9140,000.00<
P)E+-(+ 2 7.
SALES SALES )ET()2S )ET()2S A2D ALL: ALL:A2CE A2CES S 7. He% C. #,#00.00 #,#00.00 8 /.(. #,#00.00 -2S( -2S()A )A2C 2CE E 7. He% 1,330.00 S 1,330.00 /.(.
C. 330.00 330.00 1,000.00
+A-2TE2A2CE A2D )EPA-)S )EPA-)S 7. He% C.
He%
8
P()C7AS P()C7ASE E )ET()2 )ET()2 He% 7. 8
He% -
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TA=ES A=ES A2 7. 12,000.00 12,000.00
BAD 7.
-
1,00.00
P
1,00.00 /.(.
8 1,00.00
$,330.00 $,330.00
S7 !(2D He%
/.(.
S()A2CE He%
/.(.
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/.(.
C.
8 1,500.00
C.
C. "5,000.00
/.(.
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/.(.
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ACC)(ED E=PE2SES 7. He% 8 /.(.
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5,000.00 95,000.00<
C. 8 12,000.00
C.
7.
SALES He% H 8 /.(.
He% -
He% -
340,#00.00 15,400.00
!()2-T()E A2D E<(-P+E2T 7. He% C. 55,555.00 55,555.00 8 /.(. 55,555.00
"5,000.00 945,000.00<
A2D ALL:A2CES He% C. K 2,000.00 2,000.00 /.(. 92,000.00< L-CE2SES He%
500,000.00
8 330.00
AP-TAL STC; He% C. A 5,000.00
/.(.
He% H
ACC(2TS )ECE-8ABLE 7. He% C. 500,000.00 ' #,#00.00 334,000.00
SALA)-ES 7. He% 30,000.00 30,000.00 /.(. AD8E)T-S-2, 7. He% 4,$00.00 4,$00.00 /.(.
C. 2,000.00 2,000.00 92,000.00<
C. 500,000.00 500,000.00 9500,000.00<
C. 8 30,000.00
C. 8 4,$00.00
DEP)EC-AT-2 3 !()2-T()E A2D E<(-P. E<(-P. He% 7. He% C.
O
/.(.
8 $,330.00
5,330.00 5,330.00 /.(.
8 5,330.00
He%
ALL:A2CE !) BAD DEBTS 7. He% C. P $,330.00
8
$,330.00 9$,330.00<
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ALL:A2CE !) DEP)EC-AT-2 He% 7. He% O 8 /.(.
He% C
CAP-TAL STC; S(BSC)-BED 7. He% C. 40,000.00 A 50,000.00 40,000.00 /.(.
He% 6
3 !GE C. 5,330.00 5,330.00 95,330.00<
P()C7ASES 7. He% 400,000.00 400,000.00 /.(.
50,000.00 910,000.00<
C.
8 400,000.00
)E2T He% -
7. ",200.00 ",200.00
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!!-CE S(PPL-ES 7. He% 2,100.00 2,100.00 /.(. ,E2E)AL E=PE2SES 7. He%
C. 8 ",200.00
C. 8 2,100.00
C.
34,200.00 2,000.00 3#,200.00 /.(.
8 3#,200.00
1 2 3 4 5 # " $ 10 11 12 13 14 15 1# 1" 1$ 1 20 21 22 23 24 25 2# 2" 2$
Cash in bank &ett$ cash fun" Accounts receivable Allo!ance for ba" "ebts ubscri'tions receivable &re'ai" insurance (urniture an" e)ui'*ent Allo!ance for "e'reciation 3 (urniture an" e)ui'*ent Accounts 'a$able Bank loan Accrue" e'enses Ca'ital stock subscribe" Ca'ital stock 'ai"-u' &re*iu* on ca'ital stock ales &urchases ales returns an" allo!ances &urchase returns an" allo!ances alaries ent nsurance Taes an" licenses A"vertisin/
?= Debit
554 ,000
(ro* =ntries Credit
Debit
+0, 5%5
1,500 500 ,000
4+0, 600 %,440
55 ,000
++, 000
440 55,555 5,440 292 ,000
+00, 000
40 ,000
5, 000 2,000
+0 ,000
50, 000 1+0,000 5,000 500,000
+00,000 6,600 2,000 40,000 ,200 1 ,440
440
12,000 +,%00 2,100 1,900 %,440 5,440 46,200 2,0+4 ,15
2 ,0+4, 15
553,000.00 1,500.00 500,000.00 8 55,000.00 330.00 55,555.00 8 22,000.00 30,000.00 8 40,000.00 8 8 8 400,000.00 #,#00.00 8 30,000.00 ",200.00 1,330.00 12,000.00 4,$00.00 2,100.00 1,00.00 $,330.00 5,330.00 3#,200.00 2,043,1"5.00
Credit
4"0,5$5.00 8 340,#00.00 $,330.00 44,000.00 8 8 5,330.00 400,000.00 "5,000.00 2,000.00 50,000.00 140,000.00 5,000.00 500,000.00 8 8 2,000.00 8 8 330.00 8 8 8 8 8 8 8 2,043,1"5.00
(ro* =ntries Debit
Credit
8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8
8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8