Nombre: Julio Dvaid Guerrero Diaz

Grupo: 1Bi Matricula: 1996464

En el income statement no me dio el resultado bien pero creo que todo lo demas si esta correcto
 Service Company
Beginning Balance
April 2019
DEBIT CREDIT
Cash 50,000
Banks 500,000
Accounts Receivable 50,000
Office Supplies 30,000
Equipment 120,000
Computer Equipment 200,000
Furniture 100,000
Sundry Creditors 30,000
Bank Loan 100,000
Expenses Payable 120,000
Paid-In-Capital 800,000
1,050,000 1,050,000

1-Apr Cash 35,000 1

Sales Revenue 35,000
2-Apr Equipment 18,000 2
Bank 18,000
2-Apr Office Supplies 5,000 3
Bank 5,000
2-Apr Sales Expense 5,000 4
Bank 5,000
3-Apr Computer Equipment 41,500 5
Bank 41,500
3-Apr Cash 210,000 6
Sales Revenue 210,000
4-Apr Accounts Receivable 375,000 7
Sales Revenue 375,000
5-Apr Furniture 10,000 8
Sundry Creditors 10,000
6-Apr Advertising Expense 22,000 9
Expenses Payable 22,000
7-Apr Accounts Receivable 450,000 10
Sales Revenue 450,000
8-Apr Sales Revenue 3,000 11
Bank 3,000
9-Apr Equipment 30,000 12
Sundry Creditors 30,000
10-Apr Office Supplies 3,500 13
Bank 3,500
10-Apr Cash 100,000 14
 Sales Revenue 100,000
11-Apr Equipment 10,000 15
Bank 10,000
12-Apr Bank 200,000 16
Cash 200,000
13-Apr Advertising Expense 51,340 17
Bank 51,340
13-Apr Cash 194,000 18
Accounts Receivable 194,000
Sales Revenue 388,000
14-Apr Cash 300,500 19
Sales Revenue 300,500
14-Mar Accounts Receivable 200,350 20
Sales Revenue 200,350
15-Apr Cash 90,549 21
Sales Discount 10,061
Sales Revenue 100,610
16-Apr Furniture 60,000 22
Cash 30,000
Sundry Creditors 30,000
16-Apr Administrative Expense 90,000 23
Expenses Payable 90,000
16-Apr Administrative Expense 120,000 24
Salaries Payable 120,000
16-Apr Sales Expense 100,000 25
Salaries Payable 100,000
16-Apr Sales Expense 200,000 26
Expenses Payable 200,000
17-Apr Advertising Expense 20,200 27
Sales Discount 2,020
Bank 18,180
17-Apr Prepaid Rent 60,000 28
Bank 60,000
17-Apr Sales Revenue 20,000 29
Cash 20,000
17-Apr Equipment 40,000 30
Notes Payable 40,000
17-Apr Sales Expense 2,600 31
Cash 2,600
18-Apr Bank 400,000 32
Cash 400,000
18-Apr Sundry Debtors 3,000 33
Cash 3,000
18-Apr Notes Receivable 445,000 34
Sales Revenue 445,000
19-Apr Cash 40,000 35
Short-term debt 40,000
19-Apr Office Supplies 20,800 36
Notes Payable 20,800
19-Apr Notes Receivable 262,080 37
Interest Income 28,080
Sales Revenue 234,000
20-Apr Notes Payable 3,500 38
Office Supplies 3,500
20-Apr Office Supplies 200,000 39
Interest Expenses 10,000
Bank 100,000
Notes Payable 110,000
20-Apr Administrative Expense 1,000 40
Sales Expense 2,000
Expenses Payable 3,000
20-Apr Cash 70,400 41
Accounts Receivable 17,600
Sales Revenue 88,000
21-Apr Computer Equipment 40,300 42
Bank 40,300
21-Apr Furniture 180,300 43
Bank 180,300
21-Apr Sales Revenue 20,000 44
Bank 20,000
22-Apr Bank 800,000 45
Interest Expenses 80,000
Long-term debt 800,000
Interest Payable 80,000
23-Apr Equipment 300,450 46
Notes Payable 150,225
Bank 150,225
24-Mar Equipment 50,000 47
Sundry Creditors 50,000
24-Apr Cash 940,000 48
Sales Revenue 940,000
24-Apr Sales Expense 40,000 49
Bank 40,000
25-Apr Bank 950,000 50
Accounts Receivable 950,000
25-Apr Bank 940,000 51
Cash 940,000
26-Apr Equipment 1,000,000 52
Furniture 290,000
Bank 1,290,000
27-Apr Advertising Expense 200,000 53
Bank 200,000
27-Apr Sales Revenue 215,000 54
Bank 215,000
28-Apr Advertising Expense 700,000 55
Bank 210,000
Accounts Payable 490,000
29-Apr Accounts Payable 320,890 56
Cash 120,890
Bank 200,000
30-Apr Administrative Expense 133,596 57
Accumulated Depreciation 133,596
11,947,516 11,947,516
 Cash Banks Accounts Receivable
BB 50,000 BB 500,000 BB 50,000
1 35,000 2 18,000 7 375,000
6 210,000 3 5,000 10 450,000
14 100,000 4 5,000 18 194,000
16 200,000 5 41,500 20 200,350
18 194,000 11 3,000 41 17,600
19 300,500 13 3,500 50
21 90,549 16 200,000 1,286,950
22 30,000 17 51,340
29 20,000 27 18,180
31 2,600 28 60,000
32 400,000 32 400,000
33 3,000 39 100,000
35 40,000 42 40,300
41 70,400 43 180,300
48 940,000 44 20,000
51 940,000 45 800,000
56 120,890 46 150,225
2,030,449 1,716,490 49 40,000
50 950,000
51 940,000
53 200,000
54 215,000
55 210,000
56 200,000
15 10,000
52 1,290,000
3,790,000 2,861,345

Computer Equipment Furniture Sales Expenses

BB 200,000 BB 100,000 4 5,000
5 41,500 8 10,000 25 100,000
42 40,300 22 60,000 26 200,000
281,800 43 180,300 31 2,600
52 290,000 40 2,000
640,300 49 40,000
349,600
 Sales Disccount Administrative Expenses Prepaid Rent
21 10,061 23 90,000 28 60,000
27 2,020 24 120,000
8,041 40 1,000
57 133,596
344,596

Sundry Creditors Bank Loan Expenses Payable

BB 30,000 BB 100,000 BB
8 10,000 9
12 30,000 23
22 30,000 26
47 50,000 40
150,000
 Sales Revenue Notes Payable Salaries Payable
1 35,000 30 40,000 24
6 210,000 36 20,800 25
7 375,000 38 3,500
10 450,000 39 110,000
11 3,000 150,225
14 100,000 3,500 321,025
18 388,000
19 300,500
20 200,350
21 100,610
29 20,000
34 445,000
37 234,000
41 88,000
44 20,000
48 940,000
54 215,000
253,000 3,851,460

Interest Payable Long term debt

45 80,000 45
Accounts Receivable Office Suplies Equipment
BB 30,000 BB 120,000
3 5,000 2 18,000
13 3,500 12 30,000
36 20,800 15 10,000
38 3,500 30 40,000
39 200,000 46 300,450
950,000 259,300 3,500 47 50,000
950,000 52 1,000,000
1,568,450

Sales Expenses Advertising Expenses Sundry Debtors

9 22,000 33 3,000
17 51,340
27 20,200
53 200,000
55 700,000
993,540
 Prepaid Rent Notes Receivable Interest Expense
34 445,000 39 10,000
37 262,080 45 80,000
707,080 90,000

Expenses Payable Paid-In-Capital Accounts Payable

120,000 BB 800,000 55 490,000
22,000 56 320,890
90,000 169,110
200,000
3,000
435,000
Salaries Payable Short term debt Interest Income
120,000 35 40,000 37 28,080
100,000 28,080
220,000

Long term debt Accumulated depreciation

800,000 57 133,596
 Account Activity Ending Balance
Account
Credit Debit Credit Debit
Cash 2,030,449 1,716,490 313,959
Bank 3,790,000 2,861,345 928,655
Account Rece 1,286,950 950,000 336,950
Office Supplie 259,300 3,500 255,800
Equipment 1,568,450 1,568,450
Computer Eq 281,800 281,800
Furniture 640,300 640,300
Sales Expense 349,600 349,600
Advertising E 993,540 993,540
Sundry Debto 3,000 3,000
Sales Discoun 10,061 2,020 8,041
Administrativ 344,596 344,596
Prepaid Rent 60,000 60,000
Notes Receiv 707,080 707,080
Interest Expe 80,000 80,000
dry Creditors 150,000 150,000
Bank Loan 100,000 100,000
nses Payable 435,000 435,000
aid-In-Capital 800,000 800,000
unts Payable 320,890 490,000 169,110
ales Revenue 253,000 3,851,460 3,598,460
otes Payable 3,500 321,025 317,525
aries Payable 220,000 220,000
ort term debt 40,000 40,000
terest Income 28,080 28,080
erest Payable 80,000 80,000
ng term debt 800,000 800,000
Depreciation 133,596 133,596
12,982,516 12,982,516 6,871,771 6,871,771
 Service Company
Income Statement
April 2019
Net Income (Sales Revnue) 3,598,460
- Sales Discount 8,041
+ Gross Profit/Margin 3,590,419
General Expenses
Advertising Expenses 993,542
Administrative Expenses 344,596
Sales Expense 349,600
- Total of General Expenses 1,687,738
= Income from operations 1,902,681
Financial Income and Expenses
Interest Income 28,080
- Interest Expense 80,000
- Total of Financial Income 51,920
Income Before Taxes 1,850,761
- Income Taxes 30% 555,228.30
= Net Income 1,295,532.70
 Service Company
Balance Sheet
April 2019
Assets
Current Assets
Cash 313,959
Banks 928,655
Accounts Rec 336,950
Notes Receiv 707,080
Sundry Debto 3,000
Total of Cuurent Assets 2,289,644
Fixed Assets
Equipment 1,568,450
Computer Eq 281,800
Furniture 640,300
Accumulated -133,596
Total of Fixed Assets 2,356,954
Deferred Charges
Office Supplie 255,800
Prepaid Rent 60,000
Total Deferred Charges 315,800
Total of Assets 4,962,398.00
Liabilities
Current Liabilities
Accounts Pay 169,110
Notes Payabl 317,525
Sundry Credit 150,000
Expenses Pay 435,000
Salaries Paya 220,000
Interest Paya 80,000
Bank Loan 100,000
Shor Term De 40,000
Tax Payable 555,228.30
Total of Current Liabilities 2,066,863.30
Long Term Liabilities
Long Term De 800,000
Total og Long Term Liabilitie 800,000
Owner's Equity
Paid-In-Capita 800,000
Retained Earn 1,295,532.70
2,095,532.00
Total of OE+Liabilities 4,162,396.00