Account Transactions: Cresencio Laurente

Account Transactions
Cresencio Laurente
Date Range: Feb 01, 2019 to Feb 28, 2019
Accrual (Paid & Unpaid)
DATE DESCRIPTION DEBIT CREDIT BALANCE
Accounts Receivable
Under: Asset > Cash and Bank
Starting Balance PHP0.00
Feb 28, 2019 to record revenue PHP22,500.00 PHP22,500.00
Totals and Ending Balance PHP22,500.00 PHP0.00 PHP22,500.00
Balance Change
PHP22,500.00
Difference between starting and ending balances
Cash
Feb 01, 2019 To record Initial capital PHP62,000.00 PHP62,000.00
Feb 05, 2019 To record Cleaning Equipment PHP15,600.00 PHP46,400.00
Feb 06, 2019 Write a Description PHP10,000.00 PHP36,400.00
Feb 07, 2019 to record Rental PHP7,300.00 PHP29,100.00
Feb 10, 2019 to record advertising expense PHP1,700.00 PHP59,200.00
Feb 12, 2019 to record prepaid insurance PHP4,800.00 PHP54,400.00
Feb 13, 2019 to paid debts PHP9,000.00 PHP45,400.00
Feb 14, 2019 to record miscellaneous expense PHP2,200.00 PHP43,200.00
Feb 16, 2019 to record salaries expense PHP8,400.00 PHP34,800.00
Feb 20, 2019 to record cash received PHP9,800.00 PHP44,600.00
Feb 22, 2019 to record notes payable PHP2,400.00 PHP42,200.00
Account Transactions - Cresencio Laurente Created on Nov 04, 2019

Date Range: Feb 01, 2019 to Feb 28, 2019 Page 1 / 6
Cash
Feb 25, 2019 to record telephone expense PHP900.00 PHP41,300.00
Feb 28, 2019 to record wages PHP7,900.00 PHP33,400.00
Feb 28, 2019 to record drawings PHP10,000.00 PHP23,400.00
PHP103,600.0
Totals and Ending Balance PHP80,200.00 PHP23,400.00
0
Balance Change
PHP23,400.00
Cleaning Equipment
Balance Change
PHP37,000.00
Prepaid Insurance
Feb 12, 2019 to record prepaid insurance PHP4,800.00 PHP4,800.00
Balance Change
PHP4,800.00

Service Vehicle
Balance Change
PHP47,000.00
Accounts Receivable
Under: Asset
Feb 15, 2019 to record accounts receivable PHP18,600.00 PHP18,600.00
Feb 20, 2019 to record cash received PHP9,800.00 PHP8,800.00
Totals and Ending Balance PHP18,600.00 PHP9,800.00 PHP8,800.00
Balance Change
PHP8,800.00
Notes Payable
Under: Liability > Payable
Feb 13, 2019 to paid debts PHP9,000.00 PHP49,400.00
Feb 22, 2019 to record notes payable PHP2,400.00 PHP47,000.00
Totals and Ending Balance PHP11,400.00 PHP58,400.00 PHP47,000.00
Balance Change
PHP47,000.00

Cleaning Revenue
Under: Income > Income
Feb 15, 2019 to record accounts receivable PHP18,600.00 PHP50,400.00
Feb 28, 2019 to record revenue PHP22,500.00 PHP72,900.00
Totals and Ending Balance PHP0.00 PHP72,900.00 PHP72,900.00
Balance Change
PHP72,900.00
Advertising Expense
Under: Expense > Operating Expense
Feb 10, 2019 to record advertising expense PHP1,700.00 PHP1,700.00
Balance Change
PHP1,700.00
Miscellaneous Expense
Feb 14, 2019 to record miscellaneous expense PHP2,200.00 PHP2,200.00
Balance Change
PHP2,200.00

Rent Expense
Feb 07, 2019 to record Rental PHP7,300.00 PHP7,300.00
Balance Change
PHP7,300.00
Salaries Expense
Feb 16, 2019 to record salaries expense PHP8,400.00 PHP8,400.00
Feb 28, 2019 to record wages PHP7,900.00 PHP16,300.00
Balance Change
PHP16,300.00
Telephone Expense
Feb 25, 2019 to record telephone expense PHP900.00 PHP900.00
Totals and Ending Balance PHP900.00 PHP0.00 PHP900.00
Balance Change
PHP900.00

Laurente, Capital
Under: Equity > Business Owner Contribution and Drawing
Feb 01, 2019 To record Initial capital PHP62,000.00 PHP62,000.00
Totals and Ending Balance PHP0.00 PHP62,000.00 PHP62,000.00
Balance Change
PHP62,000.00
Laurente, Drawings
Under: Equity > Business Owner Contribution and Drawing
Feb 28, 2019 to record drawings PHP10,000.00 -PHP10,000.00
Totals and Ending Balance PHP10,000.00 PHP0.00 -PHP10,000.00
Balance Change
-PHP10,000.00

Balance Sheet
Cresencio Laurente
As of Feb 28, 2019
ACCOUNTS Feb 28, 2019
Assets
Total Cash and Bank PHP134,700.00
Total Other Current Assets PHP8,800.00
Total Long-term Assets PHP0.00
Total Assets PHP143,500.00
Liabilities
Total Current Liabilities PHP47,000.00
Total Long-term Liabilities PHP0.00
Total Liabilities PHP47,000.00
Equity
Total Other Equity PHP52,000.00
Total Retained Earnings PHP44,500.00
Total Equity PHP96,500.00
Balance Sheet - Cresencio Laurente Created on Nov 04, 2019

As of Feb 28, 2019 Page 1 / 1
Balance Sheet
Cresencio Laurente
As of Feb 28, 2019
ACCOUNTS Feb 28, 2019
Assets
Cash and Bank
Accounts Receivable PHP22,500.00
Cash PHP23,400.00
Cleaning Equipment PHP37,000.00
Prepaid Insurance PHP4,800.00
Service Vehicle PHP47,000.00
Total Cash and Bank PHP134,700.00
Other Current Assets
Accounts Receivable PHP8,800.00
Total Other Current Assets PHP8,800.00
Long-term Assets
Total Long-term Assets PHP0.00
Total Assets PHP143,500.00
Liabilities
Current Liabilities
Notes Payable PHP47,000.00
Total Current Liabilities PHP47,000.00
Long-term Liabilities
Total Long-term Liabilities PHP0.00
Total Liabilities PHP47,000.00

As of Feb 28, 2019 Page 1 / 2
Equity
Laurente, Capital PHP62,000.00
Laurente, Drawings -PHP10,000.00
Retained Earnings
Profit between Jan 1, 2019 and Feb 28, 2019 PHP44,500.00
Total Retained Earnings PHP44,500.00
Total Equity PHP96,500.00

As of Feb 28, 2019 Page 2 / 2
Profit and Loss
Cresencio Laurente
Date Range: Feb 01, 2019 to Feb 28, 2019
Feb 01, 2019

ACCOUNTS
to Feb 28, 2019
Income PHP72,900.00
Cost of Goods Sold PHP0.00
Gross Profit PHP72,900.00

As a percentage of Total Income 100.00%
Operating Expenses PHP28,400.00
Net Profit PHP44,500.00

As a percentage of Total Income 61.04%
Profit and Loss - Cresencio Laurente Created on Nov 04, 2019

Trial Balance
Cresencio Laurente
As of Feb 28, 2019
ACCOUNTS DEBIT CREDIT
Assets
Accounts Receivable 8,800.00 0.00
Accounts Receivable 22,500.00 0.00
Cash 23,400.00 0.00
Cleaning Equipment 37,000.00 0.00
Prepaid Insurance 4,800.00 0.00
Service Vehicle 47,000.00 0.00
Total Assets 143,500.00 0.00
Liabilities
Accounts Payable 0.00 47,000.00
Total Liabilities 0.00 47,000.00
Equity
Laurente, Capital 0.00 62,000.00
Laurente, Drawings 10,000.00 0.00
Total Equity 10,000.00 62,000.00
Trial Balance - Cresencio Laurente Created on Nov 04, 2019

As of Feb 28, 2019 Page 1 / 2
Income
Cleaning Revenue 0.00 72,900.00
Total Income 0.00 72,900.00
Expenses
Advertising Expense 1,700.00 0.00
Miscellaneous Expense 2,200.00 0.00
Rent Expense 7,300.00 0.00
Salaries Expense 16,300.00 0.00
Telephone Expense 900.00 0.00
Total Expenses 28,400.00 0.00
Total for all accounts 181,900.00 181,900.00
Trial Balance - Cresencio Laurente Created on Nov 04, 2019

As of Feb 28, 2019 Page 2 / 2

Account Transactions: Cresencio Laurente

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Account Transactions: Cresencio Laurente

Uploaded by

Copyright:

Available Formats

Account Transactions

DATE DESCRIPTION DEBIT CREDIT BALANCE

Starting Balance PHP0.00

Feb 28, 2019 to record revenue PHP22,500.00 PHP22,500.00

Totals and Ending Balance PHP22,500.00 PHP0.00 PHP22,500.00

Starting Balance PHP0.00

Feb 01, 2019 To record Initial capital PHP62,000.00 PHP62,000.00

Feb 05, 2019 To record Cleaning Equipment PHP15,600.00 PHP46,400.00

Feb 06, 2019 Write a Description PHP10,000.00 PHP36,400.00

Feb 07, 2019 to record Rental PHP7,300.00 PHP29,100.00

Feb 09, 2019 Write a Description PHP31,800.00 PHP60,900.00

Feb 10, 2019 to record advertising expense PHP1,700.00 PHP59,200.00

Feb 12, 2019 to record prepaid insurance PHP4,800.00 PHP54,400.00

Feb 13, 2019 to paid debts PHP9,000.00 PHP45,400.00

Feb 14, 2019 to record miscellaneous expense PHP2,200.00 PHP43,200.00

Feb 16, 2019 to record salaries expense PHP8,400.00 PHP34,800.00

Feb 20, 2019 to record cash received PHP9,800.00 PHP44,600.00

Feb 22, 2019 to record notes payable PHP2,400.00 PHP42,200.00