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MK 2102-BAE2020 - Accounting For Merchadising-Ws
MK 2102-BAE2020 - Accounting For Merchadising-Ws
GENERAL JOURNAL J1
Date Account Titles and Explanation Ref. Debit Credit
Apr.
Total
Page 1 of 10
GENERAL LEDGER
Account : Cash No. 101 Account : Account Payable No. 210
Date Explanation Ref. Debit Credit Balance Date Explanation Ref. Debit Credit Balance
2014 2014
Apr. Apr.
Account : Account Receivable No. 112 Account : Share Capital Ordinary No. 311
Date Explanation Ref. Debit Credit Balance Date Explanation Ref. Debit Credit Balance
2014 2014
Apr. Apr.
Account : Merchandise Inventory No. 120 Account : Sales Revenue No. 401
Date Explanation Ref. Debit Credit Balance Date Explanation Ref. Debit Credit Balance
2014 2014
Apr. Apr.
Page 2 of 10
Account : Sales Return and Allowances No. 412 Account : Sales Discount No. 414
Date Explanation Ref. Debit Credit Balance Date Explanation Ref. Debit Credit Balance
2014 2014
Apr. Apr.
Account : Cost of Goods Sold No. 505 Account : Freight-Out No. 644
Date Explanation Ref. Debit Credit Balance Date Explanation Ref. Debit Credit Balance
2014 2014
Apr. Apr.
Page 3 of 10
No. 2- Mr. Rosiak Fashion Center, Ltd.
GENERAL JOURNAL J4
Date Account Titles and Explanation Ref. Debit Credit
ADJUSTING ENTRIES
Nov. 30
30
30
30
Total - -
GENERAL JOURNAL J5
Date Account Titles and Explanation Ref. Debit Credit
CLOSING ENTRIES
Nov. 30
30
30
30
Total - -
Page 4 of 10
Mr. Rosiak Fashion Center
Worksheet
For the Year Ended November 30, 2017
Adjusted Income Statement of Financial
Trial Balance Adjustments
Account Titles Trial Balance Statement Position
Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
Cash
Accounts Receivable
Inventory
Supplies
Equipment
Accum. Depreciation- Equipment
Notes Payable
Accounts Payable
Share Capital—Ordinary
Retained Earnings
Dividends
Sales Revenue
Sales Returns and Allowances
Cost of Goods Sold
Salaries and Wages Expense
Advertising Expense
Utilities Expense
Maintenance and Repair Expense
Fright-Out
Rent Expense
Totals
Supplies Expense
Depreciation Expense-Equipment
Interest Expense
Interest Payable
Totals
Net Income
Totals
Page 5 of 10
Mr. Rosiak Fashion Center Mr. Rosiak Fashion Center
Income Statement Retained Earnings Statement
For the Year Ended November 30, 2017 For the Year Ended November 30, 2017
Debet Credit
Assets
Cash ....................... .......................
Property, plant, and equipment
Accounts receivable ....................... .......................
- ........................
Inventory ....................... .......................
- ........................
Supplies ....................... .......................
#VALUE!
Equipment ....................... .......................
Current assets
Accumulated depreciation-Equipment ....................... .......................
- ........................
Notes payable ....................... .......................
- ........................
Accounts payable ....................... .......................
- ........................
Interest payable ....................... .......................
- ........................
Share capital—ordinary ....................... .......................
........................
Retained earnings ....................... .......................
Total assets ........................
Total ....................... .......................
Equity and Liabilities
Equity
- ........................
- ........................
-
Non-current liabilities
- ........................
Current liabilities
- ........................
- ........................
Total equity and liabilities ........................
Total equity and liabilities ........................
Page 6 of 10
No. 3- ABC STORE
GENERAL JOURNAL
J1
Date Account Title and Explanation Ref Debit Credit
Adjusting Entries
2019
Des-31
Des-31
Des-31
Des-31
Des-31
Des-31
Des-31
Des-31
Total
GENERAL JOURNAL
J2
Date Account Title and Explanation Ref Debit Credit
Closing Entries
2019
Des-31
Des-31
Des-31
Des-31
Total
Page 7 of 10
ABC STORE
Work Sheet
For the Year Ended, December, 31 2019
Revenues:
................................................................................. ......................
Less : - .................................................................... ......................
- .................................................................... ......................
......................
Net Sales ......................
................................................................................. ......................
................................................................................. ......................
Operating Expenses:
................................................................................. ......................
................................................................................. ......................
................................................................................. ......................
................................................................................. ......................
................................................................................. ......................
Total Operating Expenses ......................
Operating Income ......................
ABC STORE
Retained Earning Statement
For the Year Ended December 31, 2019
Page 9 of 10
ABC STORE
Statement of Financial Position
December 31, 2019
Assets
Property, Plant, and Equipment:
................................................................................. ......................
................................................................................. ......................
Total Property, Plant, and Equipment ......................
Current Assets:
................................................................................. ......................
................................................................................. ......................
................................................................................. ......................
................................................................................. ......................
................................................................................. ......................
................................................................................. ......................
................................................................................. ......................
Total Current Assets ......................
Total Assets ......................
Current Liabilities:
................................................................................. ......................
................................................................................. ......................
................................................................................. ......................
................................................................................. ......................
Total Current Liabilities: ......................
Total Equity and Liabilities ......................
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Page 10 of 10