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ACCTS DATA ENTRY REPORTS MEMINERI IM INT JON INTER CIS SAMARAL MS SI TY ALARE BARONE INS MY REPORTS DATA-ENTRY ATTEN IT ACCTS DATA-ENTRY REPORTS TACTS TRIAL BALANCE ENLERE TAIEHEN NG ATIEND RESERVED IEEEEEEE REGISTER ACCOUNTS CAM ACCOUNTY CARE MERCHANDISE VENTORY HOLIPMENT II ALGUM DEPRECIATION ROUMENT ACCENTS ARE NOTES PARE MIIAMES CAPITAL MI TAMESHAWTO OSALES COSTO GOCOS NOSALARISERNE 128 DEPRECIATION EXPONSE TRENTERIN NICO BAR THESE TRESS BURBEREDETEREST TREND REPORTS COMPANY INCUNE STATEMENT FOR MONTHI ENDED 1113 30 SALIS 500 COST OF GOD 510 SALARIESTEXPENSE 530 DEPRECIATION VINN 39NTERPENSE SM COMPANY OWNERSEGITYSTATEMENT FOR MONTH ENDED 3/5 O JAMES CARTAL NET INCOME SUBTOTAL JAMES DRAWING JOLIAMES CARTAL INDO NET INCOME 50.00 COMPANY HALANCE SHEET 11 TOT CASH 104 ACCOUNTS XECHIVABLE 1 MIRCHANDISE INVENTORY 110 EQUIPMENT LIL ACCUM DEPRECLATION-BOLUMENT TOTAL ASSETS 201 ACCOUNTS PAYABLE NOTISYARLI TOTAL LABILITIES 301 HAMESCAPEAL TOTAL LIABILITIES AND CARTAL 50.000 301 JAMES CAPITAL 90.000 Alene's Fashions (Debit Cash, credit the capital account) 2. On January 5, Arlene purchased Equipment in the amount of $24,000. A total of $5,000 was paid in cash, the rest is on account 2. On 1/8/2015, Arlene purchased inventory in the amount of $12,000 on account 4. On 1/10/15, Arlene paid rent expense in the amount of $2,500 5. On 1/13/15, Arlene sold merchandise for $15,000 on account. The cost of the merchandise soll was $7,500 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 21 2 25 25 27 28 29 30 31 32 31 34 35 36 32 35 39 40 41 42 6. On 1/15/15, Arlene paid the secretary's salary, in the amount of $1.500, in cash 7. On 1/20/15, Arlene paid cash to creditors on account, $3,000 8. On 1/23/15, Arlene received cash from credit customers, 54,500 9. On 1/30/15, Arlene withdrew cash in the amount of $1,900 10. 131. Recorded depreciation on the equipment. The life of the equip mentis 4 years (48) months. One month's depreciation = 5500 Checking JOURNAL balance Total Debits = 90000 Total Credits - 90000 Your Journal balances! 44 45 45 47 43 49 50 51 Debits Credits? VES 2 DR CR CH 0 90 20.00 4 5 0 0 ol ol 01 sol COMPANY INCOME STATEMENT FOR MONTH ENDED 1/31/15 SALES 500 COST OF GOODS SOLD 510 SALARIES EXPENSE 520 DEPRECIATION EXPENSE SONT EXPENSE 50 590.000 . COMPANY OWNER'S EQUITY STATEMENT FOR MONTH ENDED 1/1/15 303 AAMES CAPITAL - NET INCOME SUBTOTAL 102 AMES DRAWING BOB JAMES CAMTAL, ENDING 7 8 9 10 11 90,000 ACCOUNTS 101 CASH 104 ACCOUNTS RECENABLE 106 MERCHANDISE INVENTORY 110 EQUIPMENT 111 ACCUM DEPRECATION-EQUIPMENT 201 ACCOUNTS PAYABLE 202 NOTES PAYALE JO JAMES CAPITAL 102 JAMES DRAWING 400 SALES 500 COST OF GOODS SOLD 510 SALARES EXPENSE 520 DEPRECARON ENSE SORENT EXPENSE COINCOME SUMMARY 50.000 90.000 990000 NET INCOME O 30 0 0 11 14 19 16 17 16 00 COMPANY BALANCE SHEET 1/31/15 101 CASH 104 ACCOUNTS RECEIVE 106 MERCHANDISE INVENTORY 110 EQUIPMENT 111 ACCUM OPRECATION-EQUIPMENT TOTAL ASSETS 201 ACCOUNTS PARA 2012 NORS PAVALE TOTAL LABUTES 20 21 >) 23 24 25 0 190.000 00.000 200 33000 San 10000 30000 ONI OSAMESCARTAL TOTAL LIABILITIES AND CAPITAL ACCTS DATA-ENTRY REPORTS ACCOUNT TOT CASH 104 ACCOUNTS RECEIVABLE 106 MERCHANDISE INVENTORY 110 EQUIPMENT 111 ACCUM. DEPRECIATION EQUIPMENT 201 ACCOUNTS PAYABLE 202 NOTES PAYABLE 301 JAMES CAPITAL 302 JAMES DRAWING 400 SALES 500 COST OF GOODS SOLD 510 SALARIES EXPENSE 520 DEPRECIATION EXPENSE 530 RENT EXPENSE MOINCOME SUMMARY ACCTS DATA-ENTRY REPORTS DET DET DATE ACCOUNTS HTS 101 CASH 301 JAMES CAPITAL Thrvats S CREDIT DIRIT 90 9000 TRANSACTIONS-RECORD IN JOURNAL 1.On Jan. 1. Arlene lumes veted $.000 in the hommes Arlene's Fans (Debit Cashmet the capital 2.Oy S. Arime purchased Equipment in the most $24,000. A total of 55.900 was paid in the 3. On 13/2015. Arlene purchased for the 2.000 4. 01/10/15. Artene padront expose the amount 5. Os 315. Arlene weld mechanine for $15.000 The cost of the merchandise olla 1.500 6011/05/15. Arion pidetty salary in of $1.500 7.01.2015. Arlete pacat credite po 300 8.0610315. Arlene received from credit cum 54.500 9.010015, Arlene wow cash in the amount 10.101 Recorded depreciation on the equipment. The death mesis 4 years (4) mars Checking KURNAL Tel De Te Credit - 0000 Your Journal ones! Cris VES ACCTS DATA-ENTRY REPORTS TACTS DR CR TRIAL HALANCE DR 001 CR 0 CI ol GI CI COMPANY INCOME STATEMENT FOR MONTIENOLDT ROSALIS SO COST OFDS SO STO SALARIS EXPENSE 520 DEPRECIATION EXP $30 RENT EXPENSE 0 0 ACCOUNTS TO CASH 104 ACCOUNTS RICHIVABLE 106 MERCHANDISE INVENTORY 110 EQUIPMENT 111 ACCUM DEPRECIATION-IQUIPMENT 201 ACCOUNTS PAYABLE 202 NOTES PAYABLE 301 JAMES CAPITAL 302 JAMES DRAWING 400 SALES 500 COST OF GOODS SILD S10 SALARIES EXPENSE 520 DEPRECIATION EXPENSE 530 RENT EXPENSE 600 INCOME SUMMARY SO 0.000 NET INCOME ol DI CI 0 0 0 0 0 0 0 0 0 0 0 el CI COMPANY BALANCE NIERI 131/15 101 CASH 104 ACCOUNTS RECEIV 106 MERCHANDISE INV 110 EKUIPMENT 111 MCCUM DEPRECIAT TOTAL ASSETS ol CI wool OK OK REPORTS COMPANY INCOME STATEMENT FOR MONTHLENDED GALES SIST OPTARES SOLD SEOSES PENSE 530 HARI PERSE 530 RENT EXPENSE COMPANY ENERSELLYSTATEMENT POLSBUNTRYNDID SCARIA NETINERE ZAMESTNANO WAMESCAPTAL ENDING NETINIAME COMPANY BALANCE SHEET B. TDCAST 104 ACCOUNTS RECEIVARE 300M RCIANDISE INVENTORY TQUIPMENT TIMECUM PRILIATXINECRIPMENT TOTAL ASSETS COUNTS PAYABLE SE NOTES TRACE TOTAL LIATE Sol JAMES CARTAL TALLILITIES AND CAMERE CREDIT DATE ACCOUNTS 11/15 101 CASH 301 JAMES CAPITAL DERIT 90,000 TRANSACTIONS--RECORD IN JOURNAL 1. On Jan 1, Arlene James invested $90,000 in the business Arlene's Fashions Debit Cash, credit the capital account) 90,000 2. On January 5, Arlene purchased Equipment in the amount of $24,000. A total of $5,000 was paid in cash, the rest is on account 3. On 1/8/2015, Arlene purchased inventory in the amount of $12,000 on account 4. On 1/10/15, Arlene paid rent expense in the amount of $2.500 5. On 1/13/15, Arlene sold merchandise for $15,000 on account The cost of the merchandise sold was $7,500 6. On 1/15/15, Arlene paid the secretary's salary, in the amount of $1.500, in cash 7. On 1/20/15, Arlene paid cath to creditors on account, $3,000 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 21 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 8. On 1/21/15, Arlene received cash from credit customers, $4,500 9. On 1/30/15, Arlene withdrew cash in the amount of $1,900 10.1/31: Recorded depreciation on the equipment. The life of the equip mentis 4 years (48) months. One month depreciation $500 Checking JOURNAL balance Total Debits = 90000 Total Credits 90000 Your Journal balances! Debits Credits? YES 1 CR T-ACCTS DR 90,000 0 TRIAL BALANCE DR CR 90,000 0 0 2 3 4 5 6 7 0 0 0 0 0 8 0 0 0 0 ACCOUNTS 101 CASH 104 ACCOUNTS RECEIVABLE 106 MERCHANDISE INVENTORY 110 EQUIPMENT 111 ACCUM. DEPRECIATION-EQUIPMENT 201 ACCOUNTS PAYABLE 202 NOTES PAYABLE 301 JAMES CAPITAL 302 JAMES DRAWING 400 SALES 500 COST OF GOODS SOLD 510 SALARIES EXPENSE 520 DEPRECIATION EXPENSE 530 RENT EXPENSE 600 INCOME SUMMARY 0 90,000 90,000 0 0 0 0 0 0 0 0 0 0 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 0 0 0 0 0 0 0 0 0 0 0 0 90000 90000 90000 OK 90000 OK N 2 3 1 2 3 4 5 $0 COMPANY INCOME STATEMENT FOR MONTH ENDED 1/31/15 400 SALES 500 COST OF GOODS SOLD 510 SALARIES EXPENSE 520 DEPRECIATION EXPENSE 530 RENT EXPENSE 6 7 $0 0 0 0 8 9 10 0 NET INCOME $0 11 12 13 14 15 16 17 18 $90,000 19 COMPANY BALANCE SHEET 1/31/15 101 CASH 104 ACCOUNTS RECEIVABLE 106 MERCHANDISE INVENTORY 110 EQUIPMENT 111 ACCUM. DEPRECIATION-EQUIPMENT TOTAL ASSETS 20 21 22 23 0 0 0 $90,000 24 N 1 2 3 4 5 6 7 8 9 COMPANY OWNER'S EQUITY STATEMENT FOR MONTH ENDED 1/31/15 301 JAMES CAPITAL + NET INCOME SUBTOTAL 302 JAMES DRAWING 301 JAMES CAPITAL, ENDING $90,000 $0 90,000 0 $90,000 10 11 12 13 14 15 16 17 18 19 201 ACCOUNTS PAYABLE 202 NOTES PAYABLE TOTAL LIABILITIES $0 20 21 22 23 301 JAMES CAPITAL TOTAL LIABILITIES AND CAPITAL 90,000 $90,000 24 ACCTS DATA ENTRY REPORTS MEMINERI IM INT JON INTER CIS SAMARAL MS SI TY ALARE BARONE INS MY REPORTS DATA-ENTRY ATTEN IT ACCTS DATA-ENTRY REPORTS TACTS TRIAL BALANCE ENLERE TAIEHEN NG ATIEND RESERVED IEEEEEEE REGISTER ACCOUNTS CAM ACCOUNTY CARE MERCHANDISE VENTORY HOLIPMENT II ALGUM DEPRECIATION ROUMENT ACCENTS ARE NOTES PARE MIIAMES CAPITAL MI TAMESHAWTO OSALES COSTO GOCOS NOSALARISERNE 128 DEPRECIATION EXPONSE TRENTERIN NICO BAR THESE TRESS BURBEREDETEREST TREND REPORTS COMPANY INCUNE STATEMENT FOR MONTHI ENDED 1113 30 SALIS 500 COST OF GOD 510 SALARIESTEXPENSE 530 DEPRECIATION VINN 39NTERPENSE SM COMPANY OWNERSEGITYSTATEMENT FOR MONTH ENDED 3/5 O JAMES CARTAL NET INCOME SUBTOTAL JAMES DRAWING JOLIAMES CARTAL INDO NET INCOME 50.00 COMPANY HALANCE SHEET 11 TOT CASH 104 ACCOUNTS XECHIVABLE 1 MIRCHANDISE INVENTORY 110 EQUIPMENT LIL ACCUM DEPRECLATION-BOLUMENT TOTAL ASSETS 201 ACCOUNTS PAYABLE NOTISYARLI TOTAL LABILITIES 301 HAMESCAPEAL TOTAL LIABILITIES AND CARTAL 50.000 301 JAMES CAPITAL 90.000 Alene's Fashions (Debit Cash, credit the capital account) 2. On January 5, Arlene purchased Equipment in the amount of $24,000. A total of $5,000 was paid in cash, the rest is on account 2. On 1/8/2015, Arlene purchased inventory in the amount of $12,000 on account 4. On 1/10/15, Arlene paid rent expense in the amount of $2,500 5. On 1/13/15, Arlene sold merchandise for $15,000 on account. The cost of the merchandise soll was $7,500 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 21 2 25 25 27 28 29 30 31 32 31 34 35 36 32 35 39 40 41 42 6. On 1/15/15, Arlene paid the secretary's salary, in the amount of $1.500, in cash 7. On 1/20/15, Arlene paid cash to creditors on account, $3,000 8. On 1/23/15, Arlene received cash from credit customers, 54,500 9. On 1/30/15, Arlene withdrew cash in the amount of $1,900 10. 131. Recorded depreciation on the equipment. The life of the equip mentis 4 years (48) months. One month's depreciation = 5500 Checking JOURNAL balance Total Debits = 90000 Total Credits - 90000 Your Journal balances! 44 45 45 47 43 49 50 51 Debits Credits? VES 2 DR CR CH 0 90 20.00 4 5 0 0 ol ol 01 sol COMPANY INCOME STATEMENT FOR MONTH ENDED 1/31/15 SALES 500 COST OF GOODS SOLD 510 SALARIES EXPENSE 520 DEPRECIATION EXPENSE SONT EXPENSE 50 590.000 . COMPANY OWNER'S EQUITY STATEMENT FOR MONTH ENDED 1/1/15 303 AAMES CAPITAL - NET INCOME SUBTOTAL 102 AMES DRAWING BOB JAMES CAMTAL, ENDING 7 8 9 10 11 90,000 ACCOUNTS 101 CASH 104 ACCOUNTS RECENABLE 106 MERCHANDISE INVENTORY 110 EQUIPMENT 111 ACCUM DEPRECATION-EQUIPMENT 201 ACCOUNTS PAYABLE 202 NOTES PAYALE JO JAMES CAPITAL 102 JAMES DRAWING 400 SALES 500 COST OF GOODS SOLD 510 SALARES EXPENSE 520 DEPRECARON ENSE SORENT EXPENSE COINCOME SUMMARY 50.000 90.000 990000 NET INCOME O 30 0 0 11 14 19 16 17 16 00 COMPANY BALANCE SHEET 1/31/15 101 CASH 104 ACCOUNTS RECEIVE 106 MERCHANDISE INVENTORY 110 EQUIPMENT 111 ACCUM OPRECATION-EQUIPMENT TOTAL ASSETS 201 ACCOUNTS PARA 2012 NORS PAVALE TOTAL LABUTES 20 21 >) 23 24 25 0 190.000 00.000 200 33000 San 10000 30000 ONI OSAMESCARTAL TOTAL LIABILITIES AND CAPITAL ACCTS DATA-ENTRY REPORTS ACCOUNT TOT CASH 104 ACCOUNTS RECEIVABLE 106 MERCHANDISE INVENTORY 110 EQUIPMENT 111 ACCUM. DEPRECIATION EQUIPMENT 201 ACCOUNTS PAYABLE 202 NOTES PAYABLE 301 JAMES CAPITAL 302 JAMES DRAWING 400 SALES 500 COST OF GOODS SOLD 510 SALARIES EXPENSE 520 DEPRECIATION EXPENSE 530 RENT EXPENSE MOINCOME SUMMARY ACCTS DATA-ENTRY REPORTS DET DET DATE ACCOUNTS HTS 101 CASH 301 JAMES CAPITAL Thrvats S CREDIT DIRIT 90 9000 TRANSACTIONS-RECORD IN JOURNAL 1.On Jan. 1. Arlene lumes veted $.000 in the hommes Arlene's Fans (Debit Cashmet the capital 2.Oy S. Arime purchased Equipment in the most $24,000. A total of 55.900 was paid in the 3. On 13/2015. Arlene purchased for the 2.000 4. 01/10/15. Artene padront expose the amount 5. Os 315. Arlene weld mechanine for $15.000 The cost of the merchandise olla 1.500 6011/05/15. Arion pidetty salary in of $1.500 7.01.2015. Arlete pacat credite po 300 8.0610315. Arlene received from credit cum 54.500 9.010015, Arlene wow cash in the amount 10.101 Recorded depreciation on the equipment. The death mesis 4 years (4) mars Checking KURNAL Tel De Te Credit - 0000 Your Journal ones! Cris VES ACCTS DATA-ENTRY REPORTS TACTS DR CR TRIAL HALANCE DR 001 CR 0 CI ol GI CI COMPANY INCOME STATEMENT FOR MONTIENOLDT ROSALIS SO COST OFDS SO STO SALARIS EXPENSE 520 DEPRECIATION EXP $30 RENT EXPENSE 0 0 ACCOUNTS TO CASH 104 ACCOUNTS RICHIVABLE 106 MERCHANDISE INVENTORY 110 EQUIPMENT 111 ACCUM DEPRECIATION-IQUIPMENT 201 ACCOUNTS PAYABLE 202 NOTES PAYABLE 301 JAMES CAPITAL 302 JAMES DRAWING 400 SALES 500 COST OF GOODS SILD S10 SALARIES EXPENSE 520 DEPRECIATION EXPENSE 530 RENT EXPENSE 600 INCOME SUMMARY SO 0.000 NET INCOME ol DI CI 0 0 0 0 0 0 0 0 0 0 0 el CI COMPANY BALANCE NIERI 131/15 101 CASH 104 ACCOUNTS RECEIV 106 MERCHANDISE INV 110 EKUIPMENT 111 MCCUM DEPRECIAT TOTAL ASSETS ol CI wool OK OK REPORTS COMPANY INCOME STATEMENT FOR MONTHLENDED GALES SIST OPTARES SOLD SEOSES PENSE 530 HARI PERSE 530 RENT EXPENSE COMPANY ENERSELLYSTATEMENT POLSBUNTRYNDID SCARIA NETINERE ZAMESTNANO WAMESCAPTAL ENDING NETINIAME COMPANY BALANCE SHEET B. TDCAST 104 ACCOUNTS RECEIVARE 300M RCIANDISE INVENTORY TQUIPMENT TIMECUM PRILIATXINECRIPMENT TOTAL ASSETS COUNTS PAYABLE SE NOTES TRACE TOTAL LIATE Sol JAMES CARTAL TALLILITIES AND CAMERE CREDIT DATE ACCOUNTS 11/15 101 CASH 301 JAMES CAPITAL DERIT 90,000 TRANSACTIONS--RECORD IN JOURNAL 1. On Jan 1, Arlene James invested $90,000 in the business Arlene's Fashions Debit Cash, credit the capital account) 90,000 2. On January 5, Arlene purchased Equipment in the amount of $24,000. A total of $5,000 was paid in cash, the rest is on account 3. On 1/8/2015, Arlene purchased inventory in the amount of $12,000 on account 4. On 1/10/15, Arlene paid rent expense in the amount of $2.500 5. On 1/13/15, Arlene sold merchandise for $15,000 on account The cost of the merchandise sold was $7,500 6. On 1/15/15, Arlene paid the secretary's salary, in the amount of $1.500, in cash 7. On 1/20/15, Arlene paid cath to creditors on account, $3,000 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 21 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 8. On 1/21/15, Arlene received cash from credit customers, $4,500 9. On 1/30/15, Arlene withdrew cash in the amount of $1,900 10.1/31: Recorded depreciation on the equipment. The life of the equip mentis 4 years (48) months. One month depreciation $500 Checking JOURNAL balance Total Debits = 90000 Total Credits 90000 Your Journal balances! Debits Credits? YES 1 CR T-ACCTS DR 90,000 0 TRIAL BALANCE DR CR 90,000 0 0 2 3 4 5 6 7 0 0 0 0 0 8 0 0 0 0 ACCOUNTS 101 CASH 104 ACCOUNTS RECEIVABLE 106 MERCHANDISE INVENTORY 110 EQUIPMENT 111 ACCUM. DEPRECIATION-EQUIPMENT 201 ACCOUNTS PAYABLE 202 NOTES PAYABLE 301 JAMES CAPITAL 302 JAMES DRAWING 400 SALES 500 COST OF GOODS SOLD 510 SALARIES EXPENSE 520 DEPRECIATION EXPENSE 530 RENT EXPENSE 600 INCOME SUMMARY 0 90,000 90,000 0 0 0 0 0 0 0 0 0 0 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 0 0 0 0 0 0 0 0 0 0 0 0 90000 90000 90000 OK 90000 OK N 2 3 1 2 3 4 5 $0 COMPANY INCOME STATEMENT FOR MONTH ENDED 1/31/15 400 SALES 500 COST OF GOODS SOLD 510 SALARIES EXPENSE 520 DEPRECIATION EXPENSE 530 RENT EXPENSE 6 7 $0 0 0 0 8 9 10 0 NET INCOME $0 11 12 13 14 15 16 17 18 $90,000 19 COMPANY BALANCE SHEET 1/31/15 101 CASH 104 ACCOUNTS RECEIVABLE 106 MERCHANDISE INVENTORY 110 EQUIPMENT 111 ACCUM. DEPRECIATION-EQUIPMENT TOTAL ASSETS 20 21 22 23 0 0 0 $90,000 24 N 1 2 3 4 5 6 7 8 9 COMPANY OWNER'S EQUITY STATEMENT FOR MONTH ENDED 1/31/15 301 JAMES CAPITAL + NET INCOME SUBTOTAL 302 JAMES DRAWING 301 JAMES CAPITAL, ENDING $90,000 $0 90,000 0 $90,000 10 11 12 13 14 15 16 17 18 19 201 ACCOUNTS PAYABLE 202 NOTES PAYABLE TOTAL LIABILITIES $0 20 21 22 23 301 JAMES CAPITAL TOTAL LIABILITIES AND CAPITAL 90,000 $90,000 24