ACT430 Project On QuickBooks

North South University
School of Business and Economics

Department of Accounting & Finance
Course Title: Accounting Information Systems

Course Code: ACT430
Section: 1
Report on:
QuickBooks
Submitted To:
Mr. Muin Uddin Ahmed
Initial: AHU
Submitted By:
Name ID
Antor Podder 1721325030
Date of Submission: 11th Dec, 2020
1|Page
CHECK YOUR PROGRESS: PRACTICE SET 1, Antor Podder Accounting.
1. What are the total debit and credit balances on your unadjusted trial balance?
118,600
2. What are the total debit and credit balances on your adjusted trial balance?
122,874.69
3. According to your account reconciliation report, what is the ending balance?
36,998.82
4. What is the depreciation expense for furniture and equipment on December 31?
166.67
5. What is the depreciation expense for computer equipment on December 31?
353.50
6. What is the amount of total income as of December 31?
15,000
7. How much net income <or net loss> is reported on December 31?
3,396.19
8. What is the account balance in the Supplies account on December 31?
3,250
9. What is the account balance in the Accounts Payable account on December 31?
11,200
10. What is the total liabilities and equity balance on December 31?
106,996.19
11. Is there an Increase or Decrease in cash for the month of December?
No
12. Were any Accounts Payable incurred during the month of December?
YES
2|Page
2:23 PM Antor Podder Accounting
12/11/20 Account Listing
December 11, 2020
Account Type Balance Total Description Accnt...

10000 · Peorio Bank Other Current Asset 36,998.82 10000
11000 · Accounts Receivable Other Current Asset 15,900.00 11000
14000 · Prepaid Rent Other Current Asset 2,000.00 14000
14500 · Supplies Other Current Asset 3,250.00 14500
15000 · Furniture and Equipment Fixed Asset 14,833.33 Furniture and equipment with useful life exceeding o... 15000
15000 · Furniture and Equipme... Fixed Asset -166.67 Accumulated depreciation on equipment, buildings a... 17000
15500 · Computer Eequipment Fixed Asset 12,872.37 15500
15500 · Computer Eequipment:... Fixed Asset -353.50 17500
15600 · Automobile Fixed Asset 21,141.67 15600
15600 · Automobile:17600 · Ac... Fixed Asset -358.33 17600
20000 · Accounts Payable Other Current Liability 11,200.00 20000
24000 · Payroll Liabilities Other Current Liability 0.00 Unpaid payroll liabilities. Amounts withheld or accru... 24000
25000 · Notes Payable Other Current Liability 5,700.00 25000
30000 · Antor Podder, Capital Equity 90,096.19 Opening balances during setup post to this account.... 30000
30800 · Antor Podder, Draw Equity 0.00 Monies taken out of the business by the owner 30800
32000 · Owners Equity Equity Monies invested in the business by the owner, and p... 32000
41000 · Accounting Services In... Income Sales of accounting services including compilations,... 41000
42700 · Consulting Income Income Sales of consulting services 42700
49400 · Tax Preparation Servic... Income Tax preparation services 49400
50500 · Contracted Services Cost of Goods Sold Direct labor costs for contract (non-employees) perf... 50500
60000 · Advertising Expense Expense Advertising, marketing, graphic design, and other pr... 60000
60200 · Automobile Expense Expense Fuel, oil, repairs, and other automobile maintenance... 60200
60400 · Bank Service Charges Expense Bank account service fees, bad check charges and ... 60400
61000 · Business Licenses and ... Expense Business licenses, permits, and other business-relat... 61000
61500 · Wages Expense-Admin... Expense 61500
61600 · Wages Exp-Acc Techni... Expense 61600
61700 · Internet Expenses Expense Computer supplies, off-the-shelf software, online fee... 61700
62000 · Continuing Education Expense Seminars, educational expenses and employee dev... 62000
62400 · Depreciation Expense- ... Expense Depreciation on equipment, buildings and improvem... 62400
62450 · Depre Expense-Com E... Expense 62450
62460 · Depre Exp- Automobile... Expense 62460
62500 · Subscriptions Expense Expense Subscriptions and membership dues for civic, servic... 62500
63300 · Insurance Expense Expense Insurance expenses 63300
63400 · Interest Expense Expense Interest payments on business loans, credit card bal... 63400
64300 · Meals and Entertainment Expense Business meals and entertainment expenses, includ... 64300
64900 · Supplies Expense Expense Office supplies expense 64900
66000 · Payroll Expenses Expense Payroll expenses 66000
66500 · Postage Exp. Expense Postage, courier, and pickup and delivery services 66500
67100 · Rent Expense Expense Rent paid for company offices or other structures us... 67100
67200 · Repairs and Maintenance Expense Incidental repairs and maintenance of business ass... 67200
68100 · Telephone Expense Expense Telephone and long distance charges, faxing, and ot... 68100
68400 · Travel Expense Expense Business-related travel expenses including airline tic... 68400
68600 · Utilities Exp. Expense Water, electricity, garbage, and other basic utilities e... 68600
Page 1
12/11/20 Account Listing
December 11, 2020
Tax Line
<Unassigned>
<Unassigned>
<Unassigned>
<Unassigned>
<Unassigned>
<Unassigned>
<Unassigned>
<Unassigned>
<Unassigned>
<Unassigned>
<Unassigned>
<Unassigned>
<Unassigned>
<Unassigned>
<Unassigned>
<Unassigned>
Schedule C: Gross receipts or sales
Schedule C: Labor, cost of goods
Schedule C: Advertising
Schedule C: Car and truck expenses
Schedule C: Other business expenses
Schedule C: Taxes and licenses
<Unassigned>
<Unassigned>
<Unassigned>
<Unassigned>
<Unassigned>
Schedule C: Insurance, other than health
Schedule C: Interest expense, other
Schedule C: Meals and entertainment
Schedule C: Office expenses
Schedule C: Wages paid
Schedule C: Rent/lease other bus. prop.
Schedule C: Repairs and maintenance
Schedule C: Utilities
Schedule C: Travel
Schedule C: Utilities
Page 2
12/11/20 Journal
December 2019
Trans # Type Date Num Name Memo Account Debit Credit

11 Deposit 12/01/2019 Deposit Deposit 10000 · Peorio Bank 3,500.00
Deposit Deposit 41000 · Accounting ... 3,500.00
3,500.00 3,500.00
12 General Journal 12/01/2019 9001 Peorio Bank 10000 · Peorio Bank 2,700.00
Peorio Bank 25000 · Notes Paya... 2,700.00
2,700.00 2,700.00
13 General Journal 12/01/2019 9002 Southwest Office E... Laser Printer 10000 · Peorio Bank 625.87
Southwest Office E... Laser Printer 15500 · Computer ... 625.87
625.87 625.87
14 General Journal 12/06/2019 9003 Administrative Assi... 10000 · Peorio Bank 1,250.00
Administrative Assi... 61500 · Wages Exp... 1,250.00
1,250.00 1,250.00
15 General Journal 12/06/2019 9004 Accounting Technic... 10000 · Peorio Bank 690.00
Accounting Technic... 61600 · Wages Exp... 690.00
690.00 690.00
16 General Journal 12/12/2019 9005 Thunder Bird Avenu... Supplies 10000 · Peorio Bank 105.65
Thunder Bird Avenu... Supplies 14500 · Supplies 105.65
105.65 105.65
1,250.00 1,250.00
690.00 690.00
3,500.00 3,500.00
20 General Journal 12/16/2019 9008 Bell Telephone 10000 · Peorio Bank 70.47
Bell Telephone 68600 · Utilities Exp. 70.47
70.47 70.47
21 General Journal 12/17/2019 9009 US Post Office 10000 · Peorio Bank 44.00
US Post Office 66500 · Postage Exp. 44.00
44.00 44.00
22 General Journal 12/17/2019 9010 Journal of Accounting 10000 · Peorio Bank 545.00
Journal of Accounting 62500 · Subscriptio... 545.00
545.00 545.00
Page 1
12/11/20 Journal
December 2019

1,250.00 1,250.00
620.00 620.00
4,000.00 4,000.00
26 General Journal 12/24/2019 9013 SPR Electric 10000 · Peorio Bank 105.20
SPR Electric 68600 · Utilities Exp. 105.20
105.20 105.20
4,000.00 4,000.00
1,250.00 1,250.00
750.00 750.00
Deposit Deposit 11000 · Accounts R... 1,500.00
1,500.00 1,500.00
32 General Journal 12/27/2019 9016 internet Service 10000 · Peorio Bank 29.99
internet Service 61700 · Internet Ex... 29.99
29.99 29.99
33 General Journal 12/31/2019 9017 Service Charge 10000 · Peorio Bank 25.00
Service Charge 60400 · Bank Servi... 25.00
25.00 25.00
Page 2
12/11/20 Journal
December 2019

34 General Journal 12/31/2019 9018 64900 · Supplies Ex... 155.65
14500 · Supplies 155.65
62450 · Depre Expe... 353.50
17500 · Accum Dep... 353.50
62400 · Depreciatio... 166.67
17000 · Accumulate... 166.67
62460 · Depre Exp-... 358.33
17600 · Accum Dep... 358.33
67100 · Rent Expen... 2,000.00
14000 · Prepaid Rent 2,000.00
3,034.15 3,034.15
35 General Journal 12/31/2019 9019 32000 · Owners Eq... 3,396.19
30000 · Antor Podd... 3,396.19
3,396.19 3,396.19
TOTAL 34,931.52 34,931.52
Page 3
12/11/20 General Ledger
Accrual Basis As of December 31, 2019
Type Date Num Name Memo Split Amount Balance

10000 · Peorio Bank 32,500.00
Deposit 12/01/2019 Deposit Deposit 41000 · Accou... 3,500.00 36,000.00
General Journal 12/01/2019 9001 Peorio Bank 25000 · Notes ... -2,700.00 33,300.00
General Journal 12/01/2019 9002 Southwest Office E... Laser Printer 15500 · Comp... -625.87 32,674.13
General Journal 12/06/2019 9003 Administrative Assi... 61500 · Wage... -1,250.00 31,424.13
General Journal 12/06/2019 9004 Accounting Technic... 61600 · Wage... -690.00 30,734.13
General Journal 12/12/2019 9005 Thunder Bird Avenu... Supplies 14500 · Suppli... -105.65 30,628.48
General Journal 12/16/2019 9008 Bell Telephone 68600 · Utilitie... -70.47 32,118.01
General Journal 12/17/2019 9009 US Post Office 66500 · Posta... -44.00 32,074.01
General Journal 12/17/2019 9010 Journal of Accounting 62500 · Subsc... -545.00 31,529.01
General Journal 12/24/2019 9013 SPR Electric 68600 · Utilitie... -105.20 33,553.81
General Journal 12/27/2019 9016 internet Service 61700 · Intern... -29.99 37,023.82
General Journal 12/31/2019 9017 Service Charge 60400 · Bank ... -25.00 36,998.82
Total 10000 · Peorio Bank 4,498.82 36,998.82
11000 · Accounts Receivable 17,400.00
Deposit 12/27/2019 Deposit Deposit 10000 · Peorio... -1,500.00 15,900.00
Total 11000 · Accounts Receivable -1,500.00 15,900.00
14000 · Prepaid Rent 4,000.00
General Journal 12/31/2019 9018 64900 · Suppli... -2,000.00 2,000.00
Total 14000 · Prepaid Rent -2,000.00 2,000.00
14500 · Supplies 3,300.00
General Journal 12/12/2019 9005 Thunder Bird Avenu... Supplies 10000 · Peorio... 105.65 3,405.65
General Journal 12/31/2019 9018 64900 · Suppli... -155.65 3,250.00
Total 14500 · Supplies -50.00 3,250.00
15000 · Furniture and Equipment 15,000.00
17000 · Accumulated Depreciation 0.00
General Journal 12/31/2019 9018 64900 · Suppli... -166.67 -166.67
Total 17000 · Accumulated Depreciation -166.67 -166.67
15000 · Furniture and Equipment - Other 15,000.00
Total 15000 · Furniture and Equipment - Other 15,000.00
Total 15000 · Furniture and Equipment -166.67 14,833.33
Page 1

15500 · Computer Eequipment 12,600.00
17500 · Accum Depreciation 0.00
Total 17500 · Accum Depreciation -353.50 -353.50
15500 · Computer Eequipment - Other 12,600.00
General Journal 12/01/2019 9002 Southwest Office E... Laser Printer 10000 · Peorio... 625.87 13,225.87
Total 15500 · Computer Eequipment - Other 625.87 13,225.87
Total 15500 · Computer Eequipment 272.37 12,872.37

15600 · Automobile 21,500.00
17600 · Accum Depreciation 0.00
Total 17600 · Accum Depreciation -358.33 -358.33
15600 · Automobile - Other 21,500.00
Total 15600 · Automobile - Other 21,500.00
Total 15600 · Automobile -358.33 21,141.67

20000 · Accounts Payable -11,200.00
Total 20000 · Accounts Payable -11,200.00
24000 · Payroll Liabilities 0.00
Total 24000 · Payroll Liabilities 0.00
25000 · Notes Payable -8,400.00
General Journal 12/01/2019 9001 Peorio Bank 10000 · Peorio... 2,700.00 -5,700.00
Total 25000 · Notes Payable 2,700.00 -5,700.00
30000 · Antor Podder, Capital -86,700.00
General Journal 12/31/2019 9019 32000 · Owne... -3,396.19 -90,096.19
Total 30000 · Antor Podder, Capital -3,396.19 -90,096.19
30800 · Antor Podder, Draw 0.00
Total 30800 · Antor Podder, Draw 0.00
32000 · Owners Equity 0.00
General Journal 12/31/2019 9019 30000 · Antor ... 3,396.19 3,396.19
Total 32000 · Owners Equity 3,396.19 3,396.19
Page 2

41000 · Accounting Services Income 0.00
Deposit 12/01/2019 Deposit Deposit 10000 · Peorio... -3,500.00 -3,500.00
Total 41000 · Accounting Services Income -15,000.00 -15,000.00
42700 · Consulting Income 0.00
Total 42700 · Consulting Income 0.00
49400 · Tax Preparation Services Income 0.00
Total 49400 · Tax Preparation Services Income 0.00
50500 · Contracted Services 0.00
Total 50500 · Contracted Services 0.00
60000 · Advertising Expense 0.00
Total 60000 · Advertising Expense 0.00
60200 · Automobile Expense 0.00
Total 60200 · Automobile Expense 0.00
60400 · Bank Service Charges 0.00
General Journal 12/31/2019 9017 Service Charge 10000 · Peorio... 25.00 25.00
Total 60400 · Bank Service Charges 25.00 25.00
61000 · Business Licenses and Permits 0.00
Total 61000 · Business Licenses and Permits 0.00
61500 · Wages Expense-Adminstrative Ass 0.00
General Journal 12/06/2019 9003 Administrative Assi... 10000 · Peorio... 1,250.00 1,250.00
Total 61500 · Wages Expense-Adminstrative Ass 5,000.00 5,000.00
61600 · Wages Exp-Acc Technician Exp 0.00
General Journal 12/06/2019 9004 Accounting Technic... 10000 · Peorio... 690.00 690.00
General Journal 12/13/2019 9007 Accounting Technic... 10000 · Peorio... 690.00 1,380.00
Total 61600 · Wages Exp-Acc Technician Exp 2,750.00 2,750.00
61700 · Internet Expenses 0.00
General Journal 12/27/2019 9016 internet Service 10000 · Peorio... 29.99 29.99
Total 61700 · Internet Expenses 29.99 29.99
Page 3

62000 · Continuing Education 0.00
Total 62000 · Continuing Education 0.00
62400 · Depreciation Expense- Fur&Equip 0.00
General Journal 12/31/2019 9018 64900 · Suppli... 166.67 166.67
Total 62400 · Depreciation Expense- Fur&Equip 166.67 166.67
62450 · Depre Expense-Com Equip, Exp 0.00
Total 62450 · Depre Expense-Com Equip, Exp 353.50 353.50
62460 · Depre Exp- Automobile, Exp 0.00
Total 62460 · Depre Exp- Automobile, Exp 358.33 358.33
62500 · Subscriptions Expense 0.00
General Journal 12/17/2019 9010 Journal of Accounting 10000 · Peorio... 545.00 545.00
Total 62500 · Subscriptions Expense 545.00 545.00
63300 · Insurance Expense 0.00
Total 63300 · Insurance Expense 0.00
63400 · Interest Expense 0.00
Total 63400 · Interest Expense 0.00
64300 · Meals and Entertainment 0.00
Total 64300 · Meals and Entertainment 0.00
64900 · Supplies Expense 0.00
General Journal 12/31/2019 9018 -SPLIT- 155.65 155.65
Total 64900 · Supplies Expense 155.65 155.65
66000 · Payroll Expenses 0.00
Total 66000 · Payroll Expenses 0.00
66500 · Postage Exp. 0.00
General Journal 12/17/2019 9009 US Post Office 10000 · Peorio... 44.00 44.00
Total 66500 · Postage Exp. 44.00 44.00
67100 · Rent Expense 0.00
General Journal 12/31/2019 9018 64900 · Suppli... 2,000.00 2,000.00
Total 67100 · Rent Expense 2,000.00 2,000.00
67200 · Repairs and Maintenance 0.00
Total 67200 · Repairs and Maintenance 0.00
Page 4

68100 · Telephone Expense 0.00
Total 68100 · Telephone Expense 0.00
68400 · Travel Expense 0.00
Total 68400 · Travel Expense 0.00
68600 · Utilities Exp. 0.00
General Journal 12/16/2019 9008 Bell Telephone 10000 · Peorio... 70.47 70.47
General Journal 12/24/2019 9013 SPR Electric 10000 · Peorio... 105.20 175.67
Total 68600 · Utilities Exp. 175.67 175.67
No accnt 0.00
Total no accnt 0.00
TOTAL 0.00 0.00
Page 5
12/11/20 Trial Balance
Dec 27, 19
Debit Credit
10000 · Peorio Bank 37,023.82
14000 · Prepaid Rent 4,000.00
14500 · Supplies 3,405.65
15600 · Automobile 21,500.00
20000 · Accounts Payable 11,200.00
25000 · Notes Payable 5,700.00
30000 · Antor Podder, Capital 86,700.00
41000 · Accounting Services Income 15,000.00
61500 · Wages Expense-Adminstrative Ass 5,000.00
61600 · Wages Exp-Acc Technician Exp 2,750.00
66500 · Postage Exp. 44.00
TOTAL 118,600.00 118,600.00
Page 1
12/11/20 Balance Sheet
Accrual Basis As of November 30, 2019
Nov 30, 19
ASSETS
Current Assets
Other Current Assets
10000 · Peorio Bank 32,500.00
14000 · Prepaid Rent 4,000.00
14500 · Supplies 3,300.00
Total Other Current Assets 57,200.00
Total Current Assets 57,200.00

Fixed Assets
15600 · Automobile 21,500.00
Total Fixed Assets 49,100.00
TOTAL ASSETS 106,300.00

LIABILITIES & EQUITY
Liabilities
Current Liabilities
Other Current Liabilities
Total Other Current Liabilities 19,600.00
Total Current Liabilities 19,600.00
Total Liabilities 19,600.00

Equity
Total Equity 86,700.00
TOTAL LIABILITIES & EQUITY 106,300.00
Page 1
12/11/20 General Journal Transaction
Accrual Basis December 31, 2019
Num Name Memo Account Class Debit Credit

9018 64900 · Supplies Ex... 155.65
14500 · Supplies 155.65
62450 · Depre Expe... 353.50
17500 · Accum Dep... 353.50
62400 · Depreciatio... 166.67
17000 · Accumulate... 166.67
62460 · Depre Exp-... 358.33
17600 · Accum Dep... 358.33
67100 · Rent Expen... 2,000.00
14000 · Prepaid Rent 2,000.00
3,034.15 3,034.15
TOTAL 3,034.15 3,034.15
Page 1
12/11/20 General Journal Transaction
Accrual Basis December 31, 2019
Num Name Memo Account Class Debit Credit

9019 32000 · Owners Eq... 3,396.19
30000 · Antor Podd... 3,396.19
3,396.19 3,396.19
TOTAL 3,396.19 3,396.19
Page 1
Dec 31, 19
Debit Credit
10000 · Peorio Bank 36,998.82
14000 · Prepaid Rent 2,000.00
14500 · Supplies 3,250.00
15000 · Furniture and Equipment:17000 · Accumulated Depreciation 166.67
15500 · Computer Eequipment:17500 · Accum Depreciation 353.50
15600 · Automobile 21,500.00
15600 · Automobile:17600 · Accum Depreciation 358.33
32000 · Owners Equity 3,396.19
66500 · Postage Exp. 44.00
67100 · Rent Expense 2,000.00
TOTAL 122,874.69 122,874.69
Page 1
12/11/20 Balance Sheet
Dec 31, 19
ASSETS
Current Assets
Other Current Assets
10000 · Peorio Bank 36,998.82
14000 · Prepaid Rent 2,000.00
14500 · Supplies 3,250.00
Total Other Current Assets 58,148.82
Total Current Assets 58,148.82

Fixed Assets
15000 · Furniture and Equipment
17000 · Accumulated Depreciation -166.67
15000 · Furniture and Equipment - Other 15,000.00
Total 15000 · Furniture and Equipment 14,833.33
15500 · Computer Eequipment
17500 · Accum Depreciation -353.50
15500 · Computer Eequipment - Other 13,225.87
Total 15500 · Computer Eequipment 12,872.37
15600 · Automobile
17600 · Accum Depreciation -358.33
15600 · Automobile - Other 21,500.00
Total 15600 · Automobile 21,141.67
Total Fixed Assets 48,847.37
TOTAL ASSETS 106,996.19

LIABILITIES & EQUITY
Liabilities
Current Liabilities
Other Current Liabilities
Total Other Current Liabilities 16,900.00
Total Current Liabilities 16,900.00
Total Liabilities 16,900.00

Equity
32000 · Owners Equity -3,396.19
Net Income 3,396.19
Total Equity 90,096.19
TOTAL LIABILITIES & EQUITY 106,996.19
Page 1
12/11/20 Profit & Loss
Accrual Basis December 2019
Dec 19
Income
Total Income 15,000.00
Gross Profit 15,000.00

Expense
66500 · Postage Exp. 44.00
67100 · Rent Expense 2,000.00
Total Expense 11,603.81
Net Income 3,396.19
Page 1
12/11/20 Statement of Cash Flows
December 2019
Dec 19
OPERATING ACTIVITIES
Net Income 3,396.19
Adjustments to reconcile Net Income
to net cash provided by operations:
10000 · Peorio Bank -4,498.82
14000 · Prepaid Rent 2,000.00
14500 · Supplies 50.00
25000 · Notes Payable -2,700.00
Net cash provided by Operating Activities -252.63
INVESTING ACTIVITIES
15500 · Computer Eequipment -625.87
Net cash provided by Investing Activities 252.63
FINANCING ACTIVITIES
32000 · Owners Equity -3,396.19
Net cash provided by Financing Activities 0.00
Net cash increase for period 0.00
Cash at end of period 0.00
Page 1
12/11/20 Reconciliation Detail
10000 · Peorio Bank, Period Ending 11/30/2019
Type Date Num Name Clr Amount Balance

Beginning Balance 0.00
Cleared Transactions
Checks and Payments - 13 items
General Journal 12/01/2019 9001 Peorio Bank X -2,700.00 -2,700.00
General Journal 12/01/2019 9002 Southwest Office E... X -625.87 -3,325.87
General Journal 12/06/2019 9003 Administrative Assi... X -1,250.00 -4,575.87
General Journal 12/06/2019 9004 Accounting Technic... X -690.00 -5,265.87
General Journal 12/12/2019 9005 Thunder Bird Avenu... X -105.65 -5,371.52
General Journal 12/16/2019 9008 Bell Telephone X -70.47 -7,381.99
General Journal 12/24/2019 9013 SPR Electric X -105.20 -9,357.19
General Journal 12/31/2019 9017 X -25.00 -10,632.19
Total Checks and Payments -10,632.19 -10,632.19
Deposits and Credits - 5 items
Deposit 11/30/2019 X 32,500.00 32,500.00
Deposit 12/01/2019 Deposit X 3,500.00 36,000.00
Total Deposits and Credits 47,500.00 47,500.00
Total Cleared Transactions 36,867.81 36,867.81
Cleared Balance 36,867.81 36,867.81
Register Balance as of 11/30/2019 36,867.81 36,867.81

New Transactions
Checks and Payments - 4 items
General Journal 12/17/2019 9010 Journal of Accounting -545.00 -545.00
General Journal 12/17/2019 9009 US Post Office -44.00 -589.00
General Journal 12/27/2019 9015 Accounting Technic... -750.00 -1,339.00
General Journal 12/27/2019 9016 internet Service -29.99 -1,368.99
Total Checks and Payments -1,368.99 -1,368.99
Deposits and Credits - 1 item
Deposit 12/27/2019 Deposit 1,500.00 1,500.00
Total Deposits and Credits 1,500.00 1,500.00
Total New Transactions 131.01 131.01
Ending Balance 36,998.82 36,998.82
Page 1
12/11/20 Reconciliation Summary
10000 · Peorio Bank, Period Ending 11/30/2019
Nov 30, 19
Beginning Balance 0.00
Cleared Transactions
Checks and Payments - 13 items -10,632.19
Deposits and Credits - 5 items 47,500.00
Total Cleared Transactions 36,867.81
Cleared Balance 36,867.81

Register Balance as of 11/30/2019 36,867.81
New Transactions
Checks and Payments - 4 items -1,368.99
Deposits and Credits - 1 item 1,500.00
Total New Transactions 131.01
Ending Balance 36,998.82
Page 1
Accrual Basis As of January 1, 2020
Jan 1, 20
Debit Credit
10000 · Peorio Bank 36,998.82
14000 · Prepaid Rent 2,000.00
14500 · Supplies 3,250.00
15600 · Automobile 21,500.00
32000 · Owners Equity 0.00
TOTAL 107,874.69 107,874.69
Page 1

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North South University

School of Business and Economics

Course Title: Accounting Information Systems

Date of Submission: 11th Dec, 2020

Account Type Balance Total Description Accnt...

Trans # Type Date Num Name Memo Account Debit Credit

Trans # Type Date Num Name Memo Account Debit Credit

Trans # Type Date Num Name Memo Account Debit Credit

TOTAL 34,931.52 34,931.52

Type Date Num Name Memo Split Amount Balance

Total 15000 · Furniture and Equipment -166.67 14,833.33

Type Date Num Name Memo Split Amount Balance

Total 15500 · Computer Eequipment 272.37 12,872.37

Total 15600 · Automobile -358.33 21,141.67

Type Date Num Name Memo Split Amount Balance

Type Date Num Name Memo Split Amount Balance

Type Date Num Name Memo Split Amount Balance

TOTAL 0.00 0.00

Total Current Assets 57,200.00

TOTAL ASSETS 106,300.00

Total Current Liabilities 19,600.00

Total Liabilities 19,600.00

TOTAL LIABILITIES & EQUITY 106,300.00

Num Name Memo Account Class Debit Credit

TOTAL 3,034.15 3,034.15

Num Name Memo Account Class Debit Credit

TOTAL 3,396.19 3,396.19

Total Current Assets 58,148.82

Total Fixed Assets 48,847.37

TOTAL ASSETS 106,996.19

Total Current Liabilities 16,900.00

Total Liabilities 16,900.00

TOTAL LIABILITIES & EQUITY 106,996.19

Gross Profit 15,000.00

Net Income 3,396.19

Net cash increase for period 0.00

Cash at end of period 0.00

Type Date Num Name Clr Amount Balance

Total Cleared Transactions 36,867.81 36,867.81

Cleared Balance 36,867.81 36,867.81

Register Balance as of 11/30/2019 36,867.81 36,867.81

Total New Transactions 131.01 131.01

Ending Balance 36,998.82 36,998.82

Cleared Balance 36,867.81

Ending Balance 36,998.82

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