Book 1

Arenas Cleaning Service
General Journal
Date
Feb
1
Particulars
Cash
Arenas, Capital
investment of the owner
110
310
cleaning supplies
accounts payable
bought cleaning suoplies on account
130
220
cleaning equipment
accounts payable
bought cleaning equipment on account
150
220
service vehicle
cash
notes payable
acquired service vehicle, 10,000 down
balance on note payabale
160
110
210
rent expense
cash
payment of rent
520
110
Cash
Cleaning revenue
received cash for services rendered
110
410
10
advertising expense
cash
payment of advertisment
530
110
12
prepaid insurance
cash
payment of insurance
140
110
13
accounts payable
cash
payment of account
220
110
14
miscellaneous expense
550
cash
payment of miscellaneous
110
15
accounts receivable
cleaning revenues
billed clients for services rendered
120
410
16
salaries expense
cash
payament of salary
510
110
20
cash
accounts receivable
collected the accounts of clients
110
120
22
notes payable
cash
payment of notes
210
110
25
telephone expense
cash
payment of telephone
540
110
28
salaries expense
cash
payment of salary
510
110
28
accounts receivable
cleaning revenue
billed clients for services rendered
120
410
28
Arenas, withdrawals
cash
cash withdrawal made by arenas
320
110
Debit
Credit
62,000
62,000
21,400
21,400
15,600
15,600
47,000
10,000
37,000
7,300
7,300
31,800
31,800
1,700
1,700
4,800
4,800
9,000
9,000
2,200
2,200
18,600
18,600
8,400
8,400
9,800
9,800
2,400
2,400
900
900
7,900
7,900
22,500
22,500
10,000
10,000
Cash
62,000
31,800
9,800
1
9
20
103,600
39,000
10,000
7,300
1,700
4,800
9,000
2,200
8,400
2,400
900
7,900
10,000
64,600
Accounts Receivable
18,600
9,800
22,500
41,100
9,800
31,300
15
28
Cleaning Supplies
21,400
21,400
12
Prepaid Insurance
4,800
4,800
Cleaning Equipment
15,600
15,600
Service Vehicle
47,000
47,000
6
7
10
12
13
14
16
22
25
28
28
20
22
13
Notes Payable
2,400
37,000
2,400
37,000
34,600
Accounts Payable
9,000
21,400
15,600
9,000
37,000
28,000
Arenas, Capital
62,000
62,000
28
3
5
16
28
10
1
Arenas,Withdarawal
10,000
10,000
25
Cleaning Revenue
31,800
18,600
22,500
72,900
14
9
15
28
Salaries Expense
8,400
7,900
16,300
Rent Expense
7,300
7,300
Advertising Expense
1,700
1,700
Telephone Expense
900
900
Miscellaneous Expense
2,200
2,200

Trial Balance
28-Feb-15
Debit
39,000
Cash
31,300
Accounts Receivable
21,400
Cleaning Supplies
4,800
Prepaid Insurance
15,600
Cleaning Equipment
47,000
Service Vehicle
Notes Payable
Accounts Payable
Arenas Capital
10,000
Arenas withdrawal
Cleaning Revenue
16,300
Salaries Expense
7,300
Rent Expense
1,700
Advertising Expense
900
Telephone Expense
2,200
Miscellaneous Expense
Total
197,500
Service
e
Credit
34,600
28,000
62,000
72,900
197,500
Arenas Cleaning Services

Income Statement
For the Month Ended February 28,2015
Revenues
Cleaning Revenues
Less: Expenses
Salaries Expense
Rent Expense
Advertising Expense
Telephone Expense
Miscelleneous Expanse
Net income
72,900
16,300
7,300
1,700
900
2,200
28,400
44,500

Statement Of owner's Equity
Arenas, Owner's Equity 2/1/2015
Add: Investement
Net Income
Total
Less: Withdarawal
Arenas, Owner's Equity 2/28/2015
62,000
44,500
106,500
10,000
96500
Arenas Clea
Balan
Februar
ASSETS
Cash
Accounts Receivable
Cleaning Supplies
Prepaid Insurance
Cleaning Equipmant
Service Vehicle
Total Assets
LIABILITIES
Notes Payable
Accounts Payable
Total Liabilities
OWNER'S EQUITY
Arenas owner's equity, 2/28/2015
Total Liabilities and Owner's Equity

Balance Sheet
February 28,2015
Php 39,000.00
31,300
21,400
4,800
15,600
47,000
's equity, 2/28/2015
es and Owner's Equity
159,100
34,600
28,000
62,600
96,500
159,100
Arenas C
Statemen
For the Month En
Cash Flow From Operating Activities

Cash received from customers
Payment for office rent
Payment for employees
Payment for advertisement
Payment for miscelleneous
Payment for insurance
Payment for utilities
Net cash provided by (used in) operating
Cash Flow From Investing Activities
Payments to acquire service vehicle
Net cash provided by (used in) investing a
Cash Flow From Financing Activities
Cash received from investment by owner
Payments for accounts payable
Payments for notes payable
Payments for owner's withdrawal
Net cash provided by (used in) financing a
Net Increase (Decrease) in cash
Cash balance at the beginning of the perio
Cash balance at the ending of the period

Statement of Cash Flows
rating Activities
m customers
Php
e rent
loyees
rtisement
elleneous
rance
ties
y (used in) operating activit
sting Activities
uire service vehicle
Php
y (used in) investing activiti
ncing Activities
om investment by owner
Php
counts payable
tes payable
ner's withdrawal
y (used in) financing activiti
ase) in cash
he beginning of the period
he ending of the period
41,600
(7,300)
(16,300)
(1,700)
(2,200)
(4,800)
(900)
8,400
(10,000)
(10,000)
62,000
(9,000)
(2,400)
(10,000)
Php
40,600
39,000
Php
39,000

Book 1

Uploaded by

Copyright:

Available Formats

Book 1

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Book 1

Uploaded by

Copyright:

Available Formats

What is the net income for the month?

What are the major assets and liabilities of the business?

Arenas Cleaning Service

Arenas Cleaning Service

Arenas Cleaning Services

Arenas Cleaning Services

Total Liabilities and Owner's Equity

Arenas Cleaning Services

's equity, 2/28/2015

es and Owner's Equity

Cash Flow From Operating Activities

Arenas Cleaning Service

You might also like

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.