Date Particular Debit Credit

Oct. 01 Cash 120000

Simbol, Capital 120000
to record the initial investment

2 Office Equipment 17000

Cash 17000
to record the purchase computer

2 Purchases 20000
Accounts Payable 20000
to record the purchase on account
2/10 n/30

3 Office Supplies 1000

Cash 1000
to record the purchase office supplies

4 Accounts Receivable 50000

Sales 50000
to record the sales on account
2/10 n/30
5 Freight Out 200
Cash 200
to record the transportation cost

6 Accounts Payable 300

Purchase Returns and Allowances 300
to record the Purchase Return

11 Accounts Payable 19700

Cash 19700
to record the payment of Accounts

13 Cash 49000
Sales Discount 1000
 Accounts Receivable 50000
to record the collection on Oct. 04

14 Purchase 15000
Cash 15000
to record the purchase on cash

15 Salaries Expense 10000

Cash 10000
to record the payment of salaries

16 Cash 20000
Loan Payable 20000
to record the Loan on Security Bank

17 Cash 1000
Purchase Return and Allowances 1000
to record the Cash refund on purchase

18 Purchase 15000
Account Payable 15000
to record the purchase of merchandise
from SM 2/10 n/30
20 Freight In 500
Cash 500
to record the transportation cost

23 Cash 50000
Sales 50000
to record the sales on cash

26 Purchase 15000
Cash 15000
to record the purchase on cash

27 Accounts Payable 5000

Cash 5000
to record the payment for SM

28 Simbol, Drawing 1000

Cash 1000
 to record the withdrawal of owner

28 Sales Returns and Allowances 500

Cash 500
to record the Sales Refund to Customer

30 Accounts Receivable 15000

Sales 15000
to record the sales on account

30 Advertising Expense 5000

Cash 5000
to record the payment for advertising

30 Utilities Expense 1000

Cash 1000
to record the payment for meralco

31 Rent Expense 5000

Cash 5000
to record the payment for rental office

31 Salaries Expense 10000

Cash 10000
to record the payment for salaries
Cash
Date Debit Credit Balance
120000
17000
1000
200
19306
49000
20000 15000
10000
1000
500
50000
15000
5000
1000
500
5000
1000 .
5000
10000
Total 240000 105506 134494

Accounts Receivable
Date Debit Credit Balance
50000
50000
15000
Total 65000 50000 15000

Office Equipment
Date Debit Credit Balance
17000
Total 17000 17000
Accounts Payable
Date Debit Credit Balance
20000
300
19700
15000
5000
Total 25000 35000 10000

Loan Payable
Date Debit Credit Balance
20000

Total 0 20000 20000

Sales
Date Debit Credit Balance
50000
50000
15000
Total 115000 115000
 Unadjusted Trial Balance
Account Title Debit Credit
Cash 134494
Accounts Receivable 15000
Prepaid Supplies 1000
Office Equipment 17000
Accounts Payable 10000
Loans Payable 20000
Simbol, Capital 120000
Simbol Drawing 1000
Sales 115000
Sales Discount 1000
Sales Returns and Allowances 500
Purchases 65000
Purchases Returns and Allowances 1300
Freight In 500
Freight Out 200 394
Salaries Expense 20000
Rent Expense 5000
Advertising Expense 5000
Utilities Expense 1000
Total
Merchandise Inventory End
Income Summary
Interest Expense
Interest Payable
Insurance Expense
Insurance Payable

Total
 Adjustment Adjusted Trial Balance Income Statement Balance Sheet
Debit Credit Debit Credit Debit Credit Debit
134494
15000
1000
17000

1000
115000
1000
500
65000
1300
500
200 394
20000
5000
5000
1000

3000
3000

98200 116694 168494

18494
116694 116694 168494
Balance Sheet
Credit
Simbul Enterprise
Statement of Cost of Goods Sold
For the Month Ended October 31,2018

10000 Merchandise Inventory Beg.

20000 Add: Purchases
120000 Freight In
Gross Purchase
Less: Purchase Discount 394
Purchase Returns and Allowances 1300
Total Goods Available for Sale
Less: Merchandise Inventory End
Cost of Goods Sold

Simbul Enterprise
Statement of Owner's Equity
For the Month Ended October 31,2018
Beginning Capital 0
Add: Investment 120000
Net Income 25050
Total 145050
Less: Drawing 1000
Ending Capital 144050

Simbul Enterprise
150000 Statement of Financial Position
18494 October 31,2018
168494
ASSET
Current Asset
Cash
Accounts Receivable
 Office Supplies
Inventories

Non Current Asset

Office Equipment
.
Total Non Current Asset
Total Asset

LIABILITIES
Current Liability Accounts Payable

Non Current Liability

Loan Payable

Total Liability

Owner's Equity
P.Canlas Capital

TOTAL LIABILITIES AND CAPITAL

 Simbul Enterprise
of Goods Sold Income Statement
October 31,2018 For the month Ended October 31,2018

0 Sales
65000 Less:
500 Sales Discount 1000
65500 Sales Returns and Allowances 500
Net Sales
Less:Cost of Goods sold
63806 Gross profit
3000 less insurance Expense
60806 Freight Out 200
Salaries Expense 20000
Rent Expense 5000
Advertising Expense 5000
Utilities Expense 1000
Other Expense.
Interest Expense
NET INCOME

mbul Enterprise
f Financial Position CASH FLOW FOR OPER
ctober 31,2018 Cash Receipts

134494 Cash Payments

15000
1000
3000
153494

17000 CASH FLOW FOR INVES

CASH FLOW FOR FINAN

170494

10000

20000

30000

144050

174050
e Statement
ed October 31,2018

115000

113500
60806
52694

31200
21494

ASH FLOW FOR OPERATING ACTIVITIES

sh Receipts
Cash Sales 50000
Cash Collection 49000
Purchase Refund 1000 100000
sh Payments
Payment of Accounts 24306
 Cash Purchase 31000
Freight on purchase 200
Sales Refund 500
Operating Expense 31000 87006
ASH FLOW FOR INVESTING ACTIVITIES
Office Equipment 17000
ASH FLOW FOR FINANCING ACTIVITIES
Intial Capital 120000
Withdrew of the owner 1000
Loan from Security Bank 20000 139000

134994
Date Particular Debit Credit

Oct. 01 Cash 120000

Simbol, Capital 120000
to record the initial investment

2 Office Equipment 17000

Cash 17000
to record the purchase computer

2 Merchandise inventory 20000

Accounts Payable 20000
to record the purchase on account
2/10 n/30

3 Office Supplies 1000

Cash 1000
to record the purchase office supplies

4 Accounts Receivable 50000

Sales 50000
to record the sales on account
2/10 n/30

5 Cost of goods sold 25000

Merchandise inventory 25000

5 Freight Out 200

Cash 200
to record the transportation cost

6 Accounts Payable 300

Merchandise inventory 300
to record the Purchase Return
11 Accounts Payable 19700
Cash 19306
Merchandise inventory 394
to record the payment of Accounts

13 Cash 49000
Sales Discount 1000
Accounts Receivable 50000
to record the collection on Oct. 04

14 Merchandise inventory 15000

Cash 15000
to record the purchase on cash

15 Salaries Expense 10000

Cash 10000
to record the payment of salaries

16 Cash 20000
Loan Payable 20000
to record the Loan on Security Bank

17 Cash 1000
Merchandise inventory 1000
to record the Cash refund on purchase

18 Merchandise inventory 15000

Account Payable 15000
to record the purchase of merchandise
from SM 2/10 n/30
20 Merchandise inventory 500
Cash 500
to record the transportation cost

23 Cash 50000
Sales 50000
to record the sales on cash

26 Cost of goods sold 25000

Merchandise inventory 25000
26 Merchandise inventory 15000
Cash 15000
to record the purchase on cash

27 Accounts Payable 5000

Cash 5000
to record the payment for SM

28 Simbol, Drawing 1000

Cash 1000
to record the withdrawal of owner

28 Sales Returns and Allowances 500

Cash 500
to record the Sales Refund to Customer

28 Merchandise inventory 250

Cost of goods sold 250

30 Accounts Receivable 15000

Sales 15000
to record the sales on account

30 Cost of goods sold 7500

Merchandise inventory 7500
to record the cost on sales

30 Advertising Expense 5000

Cash 5000
to record the payment for advertising

30 Utilities Expense 1000

Cash 1000
to record the payment for meralco

31 Rent Expense 5000

Cash 5000
to record the payment for rental office
31 Salaries Expense 10000
Cash 10000
to record the payment for salaries
65500 51694 Account Title
Cash
Accounts Receivable
Office Supplies
Office Equipment
Accounts Payable
Loans Payable
Simbol, Capital
Simbol Drawing
Sales
Sales Discount
Sales Returns and Allowances
Merchandise inventory
Cost of goods sold
13806 Freight Out
Salaries Expense
Rent Expense
Advertising Expense
Utilities Expense
Total
 Trial Balance
Account Title Debit Credit
Cash 134494
Accounts Receivable 15000
Office Supplies 1000
Office Equipment 17000
Accounts Payable 10000
Loans Payable 20000
Simbol, Capital 120000
Simbol Drawing 1000
Sales 115000
Sales Discount 1000
Sales Returns and Allowances 500
Merchandise inventory 6556
Cost of goods sold 57250
Freight Out 200
Salaries Expense 20000
Rent Expense 5000
Advertising Expense 5000
Utilities Expense 1000

Total 265000 265000

 Trial Balance
ccount Title Debit Credit
134494
counts Receivable 15000
fice Supplies 1000
fice Equipment 17000 Sales
counts Payable 10000 Less:
ans Payable 20000
mbol, Capital 120000
mbol Drawing 1000
115000 Less:
les Discount 1000 Gross profit
les Returns and Allowances 500 less
erchandise inventory 13806
st of goods sold 50000
200
laries Expense 20000
nt Expense 5000
vertising Expense 5000
lities Expense 1000
NET INCOME
Balance sheet Income Statement
Debit Credit Debit Credit
134494
15000
1000
17000
10000
20000
120000
1000
115000
1000
500
6556
57250
200
20000
5000
5000
1000

168494 150000 96506 115000

18494 18494
168494 168494 115000 115000
 Simbul Enterprise
Income Statement
For the month Ended October 31,2018

115000

Sales Discount 1000

Sales Returns and Allowances 500
Net Sales 113500
Cost of Goods sold 57250
56250

Freight Out 200

Salaries Expense 20000
Rent Expense 5000
Advertising Expense 5000
Utilities Expense 1000

31200
ET INCOME 25050
 Simbul Enterprise
Statement of Owner's Equity
For the Month Ended October 31,2018
Simbul Capital Beginning 0
Add: Investment 120000
Net Income 25050
Total 145050
Less: Drawing 1000
Simbul Capital End 144050

Simbul Enterprise
Statement of Financial Position
October 31,2018

ASSET
Current Asset
Cash and Cash Equivalent 134494
Receivables 15000
Prepaid Expense 1000
Inventory 6556
Total Current Asset 157050
Non Current Asset
Property Plants and Equipment 17000
Total Non Current Asset . 17000
Total Non Current Asset
Total Asset

LIABILITIES
Current Liability
Accounts Payable 10000
Non Current Liability
Loan Payable 20000

Total Liability 30000

Total Owners Capital 144050

TOTAL LIABILITIES AND CAPITAL

174050

174050