Вы находитесь на странице: 1из 60

BOOKUTOPIA

FOR THE PERIOD JANUARY 1, 2018 - DECEMBER 3

CHART OF ACCOUNTS
GENERAL JOURNAL
ADJUSTING ENTRIES
GENERAL LEDGER
TRIAL BALANCE
WORKSHEET

FINANCIAL STATEMENTS:

CLOSING ENTRIES
CLOSING LEDGER

POST-CLOSING TRIAL BALANCE


RATIOS
OOKUTOPIA
UARY 1, 2018 - DECEMBER 31,2018

BALANCE SHEET

NOTES
INCOME STATEMENT
CASHFLOW STATEMENT
BACK TO MENU

BOOKUTOPIA
CHART OF ACCOUNTS
Account Code Accounts
110 Cash on hand
111 Cash in bank
112 Accounts Receivable
113 Merchandise Inventory
114 Store equipment
115 Accumulated Depreciation
116 Prepaid rent
210 Accounts Payable
211 Salaries Payable
212 Notes Payable
311 Owner's capital
312 Income and expense summary
313 Drawing
410 Sales revenue
411 Sales returns and allowances
412 Sales Discount
510 Cost of goods sold
511 Salaries expense
512 Depreciation expense
513 Rent Expense
514 Utilities expense
610 SSS
611 Pag-IBIG
612 PhilHealth
613 Tax expense
BACK TO MENU

BOOKUTOPIA
GENERAL JOURNAL
JE No. Date Account Name Code
1 2-Jan-18 Cash on hand 110
Cash in bank 111
Owner's capital 311
Investment of owners

2 3-Jan-18 Rent expense 513


Cash on hand 110
Payment of monthly rent

3 3-Jan-18 Prepaid rent 116


Cash on hand 110
Payment of advance rent for the next 5 months

4 4-Jan-18 Store equipment 114


Cash on hand 110
Purchase of store equipment

5 5-Jan-18 Merchandise inventory 113


Cash on hand 110
Purchase of merchandise inventory

6 24-Jan-18 Utility expense 514


Cash on hand 110
Payment of electricity bill

7 30-Jan-18 Cash on hand 110


Cost of goods sold 510
Sales Revenue 410
Merchandise inventory 113
Sold merchandise

8 31-Jan-18 Salaries expense 511


SSS 610
Pag-IBIG 611
PhilHealth 612
Cash on hand 110
Payment of salaries to employees

9 2-Feb-18 Rent expense 513


Prepaid rent 116
Adjustment of prepaid rent for portion lapsed

10 7-Feb-18 Merchandise inventory 113


Accounts payable 210
Purchase of merchandise inventory on account

11 24-Feb-18 Utilities expense 514


Cash on hand 110
Payment of electricity bill

12 27-Feb-18 Cash on hand 110


Cost of goods sold 510
Sales Revenue 410
Merchandise inventory 113
Sold merchandise

13 28-Feb-18 Salaries expense 511


SSS 610
Pag-IBIG 611
PhilHealth 612
Cash on hand 110
Payment of salaries to employees

14 2-Mar-18 Rent expense 513


Prepaid rent 116
Adjustment of prepaid rent for portion lapsed

15 9-Mar-18 Merchandise inventory 113


Cash on hand 110
Purchase of merchandise inventory

16 10-Mar-18 Accounts payable 210


Cash oh hand 110
Payment of accounts payable-Feb 07, 2018

17 24-Mar-18 Utilities expense 514


Cash on hand 110
Payment of electricy bill

18 30-Mar-18 Cash on hand 110


Cost of goods sold 510
Sales Revenue 410
Merchandise inventory 113
Sold merchandise

19 31-Mar-18 Salaries expense 511


SSS 610
Pag-IBIG 611
PhilHealth 612
Cash on hand 110
Payment of salaries of employees

20 2-Apr-18 Rent expense 513


Prepaid rent 116
Adjustment of prepaid rent for portion lapsed

21 7-Apr-18 Merchandise inventory 113


Cash on hand 110
Purchase of merchandise inventory

22 25-Apr-18 Utilities espense 211


Cash on hand 110
Payment of electricity bill

23 30-Apr-18 Salaries expense 511


SSS 610
Pag-IBIG 611
PhilHealth 612
Cash on hand 110
Payment of salaries of employees

24 30-Apr-18 Cash on hand 110


Cost of goods sold 510
Sales Revenue 410
Merchandise inventory 113
Sold merchandise

25 2-May-18 Rent expense 513


Prepaid rent 116
Adjustment of prepaid rent for portion lapsed

26 15-May-18 Merchandise inventory 113


Accounts Payable 210
Purchase of merchandise inventory on account
27 24-May-18 Utilities espense 514
Cash on hand 110
Payment of electricity bill

28 30-May-18 Cash on hand 110


Cost of goods sold 510
Sales Revenue 410
Merchandise inventory 113
Sold merchandise

29 31-May-18 Salaries expense 511


SSS 610
Pag-IBIG 611
PhilHealth 612
Cash on hand 110
Payment of salaries of employees

30 2-Jun-18 Rent expense 513


Prepaid rent 116
Adjustment of prepaid rent for portion lapsed

31 5-Jun-18 Accounts receivable


Cost of goods sold
Sales revenue
Merchandise inventory
Sold merchandise on account

32 6-Jun-18 Merchandise inventory 113


Cash on hand 110
Purchase of merchandise inventory

33 24-Jun-18 Utilities espense 514


Cash on hand 110
Payment of electricity bill

34 30-Jun-18 Cash on hand 110


Cost of goods sold 510
Sales Revenue 410
Merchandise inventory 113
Sold merchandise

35 30-Jun-18 Salaries expense 511


SSS 610
Pag-IBIG 611
PhilHealth 612
Cash on hand 110
Payment of salaries of employees

36 2-Jul-18 Rent expense 513


Cash on hand 116
Payment of monthly rent

37 Prepaid rent 116


Cash on hand 110
Payment of advance rent for the next 5 months

38 6-Jul-18 Cash on hand 110


Accounts Receivable 112
Payment of receivables on account dated June 5,2018

39 16-Jul-18 Merchandise inventory 113


Cash on hand 110
Purchase of merchandise inventory

40 24-Jul-18 Utilities espense 514


Cash on hand 110
Payment of electricity bill

41 30-Jul-18 Cash on hand 110


Cost of goods sold 510
Sales Revenue 410
Merchandise inventory 113
Sold merchandise

42 31-Jul-18 Salaries expense 511


SSS 610
Pag-IBIG 611
PhilHealth 612
Cash on hand 110
Payment of salaries of employees

43 2-Aug-18 Rent expense 513


Prepaid rent 116
Adjustment of prepaid rent for portion lapsed

44 8-Aug-18 Merchandise inventory 113


Cash on hand 110
Purchase of merchandise inventory

45 15-Aug-18 Accounts payable 210


Cash on hand 110
Payment of payable on account May 15, 2018

46 24-Aug-18 Utilities espense 514


Cash on hand 110
Payment of electricity bill

47 30-Aug-18 Cash on hand 110


Cost of goods sold 510
Sales Revenue 410
Merchandise inventory 113
Sold merchandise

48 31-Aug-18 Salaries expense 511


SSS 610
Pag-IBIG 611
PhilHealth 612
Cash on hand 110
Payment of salaries of employees

49 2-Sep-18 Rent expense 513


Prepaid rent 116
Adjustment of prepaid rent for portion lapsed

50 24-Sep-18 Utilities espense 514


Cash on hand 110
Payment of electricity bill

51 25-Sep-18 Merchandise inventory 113


Cash on hand 110
Purchase of merchandise inventory

52 28-Sep-18 Cash on hand 110


Cost of goods sold 510
Sales Revenue 410
Merchandise inventory 113
Sold merchandise

53 30-Sep-18 Salaries expense 511


SSS 610
Pag-IBIG 611
PhilHealth 612
Cash on hand 110
Payment of salaries of employees
54 2-Oct-18 Rent expense 513
Prepaid rent 116
Adjustment of prepaid rent for portion lapsed

55 24-Oct-18 Utilities espense 514


Cash on hand 110
Payment of electricity bill

56 30-Oct-18 Cash on hand 110


Cost of goods sold 510
Sales Revenue 410
Merchandise inventory 113
Sold merchandise

57 31-Oct-18 Salaries expense 511


SSS 610
Pag-IBIG 611
PhilHealth 612
Cash on hand 110
Payment of salaries of employees

58 2-Nov-18 Rent expense 513


Prepaid rent 116
Adjustment of prepaid rent for portion lapsed

59 24-Nov-18 Utilities espense 514


Cash on hand 110
Payment of electricity bill

60 29-Nov-18 Cash on hand 110


Cost of goods sold 510
Sales Revenue 410
Merchandise inventory 113
Sold merchandise

61 30-Nov-18 Salaries expense 511


SSS 610
Pag-IBIG 611
PhilHealth 612
Cash on hand 110
Payment of salaries of employees

62 2-Dec-18 Rent expense 513


Prepaid rent 116
Adjustment of prepaid rent for portion lapsed
63 24-Dec-18 Utilities espense 514
Cash on hand 110
Payment of electricity bill

64 27-Dec-18 Cash on hand 110


Cost of goods sold 510
Sales Revenue 410
Merchandise inventory 113
Sold merchandise

65 28-Dec-18 Merchandise Inventory 113


Accounts Payable 210
Purchase of merchandise inventory on account

66 30-Dec-18 Salaries expense 511


SSS 610
Pag-IBIG 611
PhilHealth 612
Cash on hand 110
Payment of salaries of employees

Total
Debit Credit
400,000
350,000
750,000

6,000
6,000

30,000
30,000

40,000
40,000

255,000
255,000

750
750

87,450
57,750
87,450
57,750

13,000
1,340
200
550
15,090

6,000
6,000

62,500
62,500

650
650

114,425
60,300
114,425
60,300

13,000
1,340
200
550
15,090

6,000
6,000

75,000
75,000

62,500
62,500

700
700

79,200
52,800
79,200
52,800

13,000
1,340
200
550
15,090

6,000
6,000

45,000
45,000

700
700

13,000
1,340
200
550
15,090

84,150
55,550
84,150
55,550

6,000
6,000

105,000
105,000
700
700

89,810
59,200
89,810
59,200

13,000
1,340
200
550
15,090

6,000
6,000

20,625
16,500
20,625
16,500

75,000
75,000

700
700

137,250
86,500
137,250
86,500

13,000
1,340
200
550
15,090

6,000
6,000

30,000
30,000

20,625
20,625

65,000
65,000

700
700

113,375
68,750
113,375
68,750

13,000
1,340
200
550
15,090

6,000
6,000

97,500
97,500

105,000
105,000

675
675

115,375
69,250
115,375
69,250

13,000
1,340
200
550
15,090

6,000
6,000

750
750

110,000
110,000

92,500
60,000
92,500
60,000

13,000
1,340
200
550
15,090
6,000
6,000

750
750

100,750
65,500
100,750
65,500

13,000
1,340
200
550
15,090

6,000
6,000

715
715

76,000
49,000
76,000
49,000

13,000
1,340
200
550
15,090

6,000
6,000
725
725

97,750
53,500
97,750
53,500

30,000
30,000

13,000
1,340
200
550
15,090

4,182,980.00 4,182,980.00
BACK TO MENU
ADJUSTING ENTRIES
AJE No. Date Account Name Code Debit
1 31-Dec-18 Depreciation expense 512 10,000
Accumulated Depreciation 115
To adjust depreciation expense
Credit

10,000
BACK TO MENU

ASSETS

Cash on hand
2-Jan-18 400,000 5-Jan-18
3-Jan-18 6,000 30-Jan-18
3-Jan-18 30,000 7-Feb-18
4-Jan-18 40,000 27-Feb-18
5-Jan-18 255,000 9-Mar-18
24-Jan-18 750 30-Mar-18
30-Jan-18 87,450 7-Apr-18
31-Jan-18 15,090 30-Apr-18
24-Feb-18 650 15-May-18
27-Feb-18 114,425 30-May-18
28-Feb-18 15,090 5-Jun-18
9-Mar-18 75,000 6-Jun-18
10-Mar-18 62,500 30-Jun-18
24-Mar-18 700 16-Jul-18
30-Mar-18 79,200 30-Jul-18
31-Mar-18 15,090 8-Aug-18
7-Apr-18 45,000 30-Aug-18
25-Apr-18 700 25-Sep-18
30-Apr-18 15,090 28-Sep-18
30-Apr-18 84,150 30-Oct-18
24-May-18 700 29-Nov-18
30-May-18 89,810 27-Dec-18
31-May-18 15,090 28-Dec-18
6-Jun-18 75,000
24-Jun-18 700
30-Jun-18 137,250
30-Jun-18 15,090
2-Jul-18 6,000
2-Jul-18 30,000 Balance 31-Dec-18
6-Jul-18 20,625
16-Jul-18 65,000
24-Jul-18 700
30-Jul-18 113,375 5-Jun-18
31-Jul-18 15,090 6-Jul-18
8-Aug-18 97,500
15-Aug-18 105,000
24-Aug-18 675
30-Aug-18 115,375
31-Aug-18 15,090 Balance 31-Dec-18
24-Sep-18 750
25-Sep-18 110,000
28-Sep-18 92,500
30-Sep-18 15,090 4-Jan-18
24-Oct-18 750
30-Oct-18 100,750
31-Oct-18 15,090 Balance 31-Dec-18
24-Nov-18 715
29-Nov-18 76,000
30-Nov-18 15,090
24-Dec-18 725 31-Dec-18
27-Dec-18 97,750
30-Dec-18 15,090
Balance 31-Dec-18

3-Jan-18
Balance 31-Dec-18 417,065 2-Feb-18
2-Mar-18
2-Apr-18
Cash in bank 2-May-18
2-Jan-18 350,000 2-Jun-18
2-Jul-18
2-Aug-18
2-Sep-18
2-Oct-18
2-Nov-18
2-Dec-18
Balance 31-Dec-18 350,000 Balance 31-Dec-18
BOOKUTOPIA
GENERAL LEDGER
LIABILITIES

Merchandise inventory Accounts payable


255,000 7-Feb-18
57,750 10-Mar-18 62,500
62,500 15-May-18
60,300 15-Aug-18 105,000
75,000 28-Dec-18
52,800
45,000
55,550
105,000 Balance 31-Dec-18
59,200
16,500
75,000 Salaries payable
86,500
65,000
68,750
97,500
69,250 Balance 31-Dec-18
110,000
60,000
65,500 Notes payable
49,000
53,500
30,000

Balance 31-Dec-18

CAPITAL
Owner's capital
165,400 2-Jan-18

Accounts Receivable
20,625 Balance 31-Dec-18
20,625

Income summary

Store equipment
40,000
Balance 31-Dec-18

40,000
Drawing

Accum. depreciation- store equipment


10,000

10,000

Balance 31-Dec-18
Prepaid rent
30,000 REVENUE
6,000 Sales revenue
6,000 30-Jan-18
6,000 27-Feb-18
6,000 30-Mar-18
6,000 30-Apr-18
30,000 30-May-18
6,000 5-Jun-18
6,000 30-Jun-18
6,000 30-Jul-18
6,000 30-Aug-18
6,000 28-Sep-18
0 30-Oct-18
29-Nov-18
27-Dec-18

Balance 31-Dec-18
Sales returns and allowances

Balance 31-Dec-18 0

Sales Discount

Balance 31-Dec-18 0
OOKUTOPIA
L LEDGER
LITIES EXPENSES

Accounts payable Cost of goods sold


62,500 30-Jan-18 57,750
27-Feb-18 60,300
105,000 30-Mar-18 52,800
30-Apr-18 55,550
30,000 30-May-18 59,200
5-Jun-18 16,500
30-Jun-18 86,500
30-Jul-18 68,750
30,000 30-Aug-18 69,250
28-Sep-18 60000
30-Oct-18 65500
Salaries payable 29-Nov-18 49000
27-Dec-18 53,500

Balance 31-Dec-18 754,600


0

Rent Expense
Notes payable 3-Jan-18 6,000
2-Feb-18 6,000
2-Mar-18 6,000
2-Apr-18 6,000
2-May-18 6,000
0 2-Jun-18 6,000
2-Jul-18 6,000
2-Aug-18 6,000
Owner's capital 2-Sep-18 6,000
750,000 2-Oct-18 6,000
2-Nov-18 6,000
2-Dec-18 6,000

750,000
Balance 31-Dec-18 72,000
Income summary

SSS
31-Jan-18 1,340
28-Feb-18 1,340
31-Mar-18 1,340
30-Apr-18 1,340
31-May-18 1,340
0 30-Jun-18 1,340
31-Jul-18 1,340
31-Aug-18 1,340
Drawing 30-Sep-18 1,340
31-Oct-18 1,340
30-Nov-18 1,340
30-Dec-18 1,340

Balance 31-Dec-18 16,080

0
Pag-IBIG
31-Jan-18 200
Sales revenue 28-Feb-18 200
87,450 31-Mar-18 200
114,425 30-Apr-18 200
79,200 31-May-18 200
84,150 30-Jun-18 200
89,810 31-Jul-18 200
20,625 31-Aug-18 200
137,250 30-Sep-18 200
113,375 31-Oct-18 200
115,375 30-Nov-18 200
92500 30-Dec-18 200
100750
76000
97,750 Balance 31-Dec-18 2,400

1,208,660
es returns and allowances

Sales Discount
EXPENSES

Salaries expense
31-Jan-18 13,000
28-Feb-18 13,000
31-Mar-18 13,000
30-Apr-18 13,000
31-May-18 13,000
30-Jun-18 13,000
31-Jul-18 13,000
31-Aug-18 13,000
30-Sep-18 13,000
31-Oct-18 13,000
30-Nov-18 13,000
30-Dec-18 13,000

Balance 31-Dec-18 156,000

Utilities expense
24-Jan-18 750
24-Feb-18 650
24-Mar-18 700
25-Apr-18 700
24-May-18 700
24-Jun-18 700
24-Jul-18 700
24-Aug-18 675
24-Sep-18 750
24-Oct-18 750
24-Nov-18 715
24-Dec-18 725
Balance 31-Dec-18 8515

Tax expense

Balance 31-Dec-18 0

Depreciation expence
31-Dec-18 10,000

Balance 31-Dec-18 10,000

PhilHealth
31-Jan-18 550
28-Feb-18 550
31-Mar-18 550
30-Apr-18 550
31-May-18 550
30-Jun-18 550
31-Jul-18 550
31-Aug-18 550
30-Sep-18 550
31-Oct-18 550
30-Nov-18 550
30-Dec-18 550

Balance 31-Dec-18 6,600


BACK TO MENU

BOOKUTUPIA
TRIAL BALANCE
Accounts Debit Credit
Cash on hand 417,065
Cash in bank 350,000
Accounts Receivable 0
Merchandise Inventory 165,400
Store equipment 40,000
Accumulated Depreciation 10,000
Prepaid rent 0
Accounts Payable 30,000
Salaries Payable 0
Notes Payable 0
Owner's capital 750,000
Income summary 0
Drawing 0
Sales revenue 1,208,660
Sales returns and allowances 0
Sales Discount 0
Cost of goods sold 754,600
Salaries expense 156,000
Depreciation expense 10,000
Rent Expense 72,000
Utilities expense 8515
Tax expense 0
SSS 16,080
Pag-IBIG 2,400
PhilHealth 6,600

Total 1,998,660 1,998,660


BACK TO MENU
WORKSHEET
FOR THE YEAR ENDED 31 DECEMBER 2018
TRIAL BALANCE INCOME STATEMENT
ACCOUNTS
Debit Credit Debit
Cash on hand 417,065
Cash in bank 350,000
Accounts Receivable 0
Merchandise Inventory 165,400
Store equipment 40,000
Accumulated Depreciation 10,000
Prepaid rent 0
Accounts Payable 30,000
Salaries Payable 0
Notes Payable 0
Owner's capital 750,000
Income summary 0
Drawing 0
Sales revenue 1,208,660
Sales returns and allowances 0 0
Sales Discount 0 0
Cost of goods sold 754,600 754,600
Salaries expense 156,000 156,000
Depreciation expense 10,000 10,000
Rent Expense 72,000 72,000
Utilities expense 8515 8515
Tax expense 0 0
SSS 16,080 16,080
Pag-IBIG 2,400 2,400
PhilHealth 6,600 6,600
Total 1,998,660.00 1,998,660.00 1,026,195.00
Profit 182,465
Total 1,208,660.00
EET
DECEMBER 2018
INCOME STATEMENT BALANCE SHEET
Credit Debit Credit
417,065
350,000
0
165,400
40,000
10,000
0
30,000
0
0
750,000
0

1,208,660

1,208,660.00 972,465.00 790,000.00


- - 182,465
1,208,660.00 972,465.00 972,465.00
BACK TO MENU

BOOKUTU
STATEMENT OF FINANCIA
As of December 31,

Assets
Current Assets
Cash and cash equivalents 1 767,065
Trade and other receivables 2 -
Merchandise Inventory 165,400
Prepaid expenses -
Total current assets 932,465
Noncurrent Assets
Property, plant, and equipment 40,000
(Less accumulated depreciation) 10,000
Total noncurrent assets 30,000

Total Assets 962,465


OOKUTUPIA
ENT OF FINANCIAL POSITION
As of December 31, 2018

Liabilities and Owner's Equity


Current Liabilities
Trade and other payables 3 30,000

Total current liabilities 30,000


Noncurrent Liabilities
Notes Payable -
Total noncurrent liabilities -
Total Liabilities 30,000
Owner's Equity
Owner's Capital 750,000
Retained earnings 4 182,465

Total owner's equity 932,465

Total Liabilities and Owner's Equity 962,465


BACK TO MENU

NOTES
NO.

1 Cash and cash equivalents:

Cash on hand 417,065


Cash in bank 350,000
767,065

2 Trade and other receivables

Accounts Receivable 0

3 Trade and other payables

Accounts Payable 30,000


Salaries Payable 0
30,000

4 Retained earnings

Beginning 0
Net income 182,465
182,465
BACK TO MENU

BOOKUTOPIA
INCOME STATEMENT
For the year ended December 31, 2018
Revenue
Sales revenue
Less: Cost of goods sold
Sales returns and allowances

Gross profit

Expenses
Depreciation
SSS
Pag-IBIG
PhilHealth
Rent
Salaries and wages
Utilities

Total expenses

Net Income Before Taxes


Tax expense

Income from Continuing Operations

Net Income
OKUTOPIA
STATEMENT
d December 31, 2018

₱ 1,208,660
754,600
0

454,060

10000
16,080
2,400
6,600
72,000
156,000
8,515

271,595

182,465
0

182,465

₱ 182,465
BACK TO MENU

BOOKUTOPIA
CASH FLOW STATEMENT
For the Year Ending December 31, 2018

Cash at Beginning of Year

Operations
Cash recipts from
Customers
Other Operations
Cash paid for
Inventory purchases
Rent expense
Utilities expenses
SSS
Pag-IBIG
PhilHealth
Cost of goods sold
Wage expenses
Net Cash Flow From Operations

Investing Activities
Cash receipts from

Cash paid for


Purchase of property and equipment
Net Cash Flow from Investing Activities

Financing Activities
Cash paid for

Short-term loan
Net Cash Flow from Financing Activites

Net Increase in Cash

Cash at End of Year


OPIA
MENT
, 2018

₱ 400,000

1,208,660

165,400
72,000
8,515
16,080
2,400
6,600
754,600
156,000
27,065

40,000
(40,000)

30,000
30,000

17,065

₱ 417,065
BACK TO MENU

BOOKUTUPIA
Statement of Changes in Equity
For the year ended, December 31
Beginning balance 750,000
Add:
Net Income 182,465
Sub total 932,465
Less: Drawings 0
Ending balance 932,465
BACK TO MENU

JOURNAL ENTRIES
No. Date Account Name

1 31-Dec-18 Sales revenue


Sales returns and allowances
Sales Discount
Income and expense summary
To close sales and other related account to Income and Expense account

2 31-Dec-18 Income and expense summary


Cost of goods sold
To close cost of good sold to income and expense summary account

3 31-Dec-18 Income and expense summary


Salaries expense
Depreciation expense
Rent Expense
Utilities expense
SSS
Pag-IBIG
PhilHealth
Tax expense
To close Expense accounts to Income and Expense account

4 31-Dec-18 Income and expense summary


Owner's capital
To close profit to capital

5 31-Dec-18 Owner's capital


Drawing
To close Drawing to Capital
S
Code Debit Credit

410 1,208,660
411 0
412 0
312 1,208,660

312 754,600
510 754,600

312 271,595
511 156,000
512 10,000
513 72,000
514 8,515
610 16,080
611 2,400
612 6,600
613 0

312 182,465
311 182,465

311 -
313 0
BACK TO MENU

Cash on hand
2-Jan-18 400,000 5-Jan-18
3-Jan-18 6,000 30-Jan-18
3-Jan-18 30,000 7-Feb-18
4-Jan-18 40,000 27-Feb-18
5-Jan-18 255,000 9-Mar-18
24-Jan-18 750 30-Mar-18
30-Jan-18 87,450 7-Apr-18
31-Jan-18 15,090 30-Apr-18
24-Feb-18 650 15-May-18
27-Feb-18 114,425 30-May-18
28-Feb-18 15,090 5-Jun-18
9-Mar-18 75,000 6-Jun-18
10-Mar-18 62,500 30-Jun-18
24-Mar-18 700 16-Jul-18
30-Mar-18 79,200 30-Jul-18
31-Mar-18 15,090 8-Aug-18
7-Apr-18 45,000 30-Aug-18
25-Apr-18 700 25-Sep-18
30-Apr-18 15,090 28-Sep-18
30-Apr-18 84,150 30-Oct-18
24-May-18 700 29-Nov-18
30-May-18 89,810 27-Dec-18
31-May-18 15,090 28-Dec-18
6-Jun-18 75,000
24-Jun-18 700
30-Jun-18 137,250
30-Jun-18 15,090
2-Jul-18 6,000
2-Jul-18 30,000 Balance 31-Dec-18
6-Jul-18 20,625
16-Jul-18 65,000
24-Jul-18 700
30-Jul-18 113,375 5-Jun-18
31-Jul-18 15,090 6-Jul-18
8-Aug-18 97,500
15-Aug-18 105,000
24-Aug-18 675
30-Aug-18 115,375
31-Aug-18 15,090 Balance 31-Dec-18
24-Sep-18 750
25-Sep-18 110,000
28-Sep-18 92,500
30-Sep-18 15,090 4-Jan-18
24-Oct-18 750
30-Oct-18 100,750
31-Oct-18 15,090 Balance 31-Dec-18
24-Nov-18 715
29-Nov-18 76,000
30-Nov-18 15,090
24-Dec-18 725 31-Dec-18
27-Dec-18 97,750
30-Dec-18 15,090
Balance 31-Dec-18

3-Jan-18
Balance 31-Dec-18 417,065 2-Feb-18
2-Mar-18
2-Apr-18
Cash in bank 2-May-18
2-Jan-18 350,000 2-Jun-18
2-Jul-18
2-Aug-18
2-Sep-18
2-Oct-18
2-Nov-18
2-Dec-18
Balance 31-Dec-18 350,000 Balance 31-Dec-18
Merchandise inventory Accounts payable
255,000 7-Feb-18
57,750 10-Mar-18 62,500
62,500 15-May-18
60,300 15-Aug-18 105,000
75,000 28-Dec-18
52,800
45,000
55,550
105,000 Balance 31-Dec-18
59,200
16,500
75,000 Salaries payable
86,500
65,000
68,750
97,500
69,250 Balance 31-Dec-18
110,000
60,000
65,500 Notes payable
49,000
53,500
30,000

Balance 31-Dec-18

CAPITAL
Owner's capital
165,400 2-Jan-18
31-Dec-18

Accounts Receivable
20,625 Balance 31-Dec-18
20,625

Income summary
31-Dec-18
31-Dec-18 754,600
0 31-Dec-18 271,595
31-Dec-18 182,465
Store equipment
40,000
Balance 31-Dec-18

40,000
Drawing

Accum. depreciation- store equipment


10,000

10,000

Balance 31-Dec-18
Prepaid rent
30,000 REVENUE
6,000 Sales revenue
6,000 30-Jan-18
6,000 27-Feb-18
6,000 30-Mar-18
6,000 30-Apr-18
30,000 30-May-18
6,000 5-Jun-18
6,000 30-Jun-18
6,000 30-Jul-18
6,000 30-Aug-18
6,000 28-Sep-18
0 30-Oct-18
29-Nov-18
27-Dec-18
31-Dec-18 1,208,660

Balance 31-Dec-18

Sales returns and allowances


Balance 31-Dec-18 0

Sales Discount

Balance 31-Dec-18 0
Accounts payable Cost of goods sold
62,500 30-Jan-18 57,750
27-Feb-18 60,300
105,000 30-Mar-18 52,800
30-Apr-18 55,550
30,000 30-May-18 59,200
5-Jun-18 16,500
30-Jun-18 86,500
30-Jul-18 68,750
30,000 30-Aug-18 69,250
28-Sep-18 60000
30-Oct-18 65500
Salaries payable 29-Nov-18 49000
27-Dec-18 53,500
31-Dec-18 754,600

Balance 31-Dec-18 0
0

Rent Expense
Notes payable 3-Jan-18 6,000
2-Feb-18 6,000
2-Mar-18 6,000
2-Apr-18 6,000
2-May-18 6,000
0 2-Jun-18 6,000
2-Jul-18 6,000
2-Aug-18 6,000
Owner's capital 2-Sep-18 6,000
750,000 2-Oct-18 6,000
182,465 2-Nov-18 6,000
2-Dec-18 6,000
31-Dec-18 72,000
932,465

Balance 31-Dec-18 0
Income summary
1,208,660
SSS
31-Jan-18 1,340
28-Feb-18 1,340
31-Mar-18 1,340
30-Apr-18 1,340
31-May-18 1,340
0 30-Jun-18 1,340
31-Jul-18 1,340
31-Aug-18 1,340
Drawing 30-Sep-18 1,340
31-Oct-18 1,340
30-Nov-18 1,340
30-Dec-18 1,340
31-Dec-18 16,080

Balance 31-Dec-18 0

0
Pag-IBIG
31-Jan-18 200
Sales revenue 28-Feb-18 200
87,450 31-Mar-18 200
114,425 30-Apr-18 200
79,200 31-May-18 200
84,150 30-Jun-18 200
89,810 31-Jul-18 200
20,625 31-Aug-18 200
137,250 30-Sep-18 200
113,375 31-Oct-18 200
115,375 30-Nov-18 200
92500 30-Dec-18 200
100750 31-Dec-18 2,400
76000
97,750 Balance 31-Dec-18 0

es returns and allowances


Sales Discount
Salaries expense
31-Jan-18 13,000
28-Feb-18 13,000
31-Mar-18 13,000
30-Apr-18 13,000
31-May-18 13,000
30-Jun-18 13,000
31-Jul-18 13,000
31-Aug-18 13,000
30-Sep-18 13,000
31-Oct-18 13,000
30-Nov-18 13,000
30-Dec-18 13,000
31-Dec-18 156,000

Balance 31-Dec-18 0

Utilities expense
24-Jan-18 750
24-Feb-18 650
24-Mar-18 700
25-Apr-18 700
24-May-18 700
24-Jun-18 700
24-Jul-18 700
24-Aug-18 675
24-Sep-18 750
24-Oct-18 750
24-Nov-18 715
24-Dec-18 725
31-Dec-18 8515

Balance 31-Dec-18 0

Tax expense
Balance 31-Dec-18 0

Depreciation expence
31-Dec-18 10,000
31-Dec-18 10,000

Balance 31-Dec-18 0

PhilHealth
31-Jan-18 550
28-Feb-18 550
31-Mar-18 550
30-Apr-18 550
31-May-18 550
30-Jun-18 550
31-Jul-18 550
31-Aug-18 550
30-Sep-18 550
31-Oct-18 550
30-Nov-18 550
30-Dec-18 550
31-Dec-18 6,600

Balance 31-Dec-18 0
BACK TO MENU

BOOKUTUPIA
POST- CLOSING TRIAL BALANCE
31-Dec-18
Account Name Debit Credit
Cash on hand 417,065
Cash in bank 350,000
Accounts Receivable 0
Merchandise Inventory 165,400
Store equipment 40,000
Accumulated Depreciation 10,000
Accounts Payable 30,000
Salaries Payable 0
Notes Payable 0
Owner's capital 932,465

TOTAL 972,465 972,465

ACCTG 11;30-1;30 Dupagen & Tatpi-ic.xlsx


BACK TO MENU
RATIOS

Total Current Assets 932,465.00


Total Current Liabilities 30,000.00
CURRENT RATIO 31.08

Total Quick Assets 767,065.00


Total Current Liabilities 30,000.00
ACID-TEST RATIO 25.57

Total Current Assets 932,465.00


Total Current Liabilities 30,000.00
NET WORKING CAPITAL 31.08

Total Liabilities 30,000.00


Total Assets 962,465.00
DEBT RATIO 0.03

Total Equity 932,465.00


Total Assets 962,465.00
EQUITY RATIO 0.97

Net Income 182,465.00


Average Total Asset 962,465.00
RETURN ON ASSET 0.19

Net Income 182,465.00


Average Equity 932,465.00
RETURN ON EQUITY 0.20

Total Liabilities 30,000.00


Total Equity 932,465.00
DEBT-EQUITY RATIO 0.03

Net income after Tax 182,465.00


Sales revenue 1,208,660.00
Net Profit Margin 0.15