DATE ACCOUNT POST REFERENCE

Dec. 01 CASH 111

J. CACDAC CAPITAL 311

1 SEWING EQUIPMENT 118

CASH 111
ACCOUNTS PAYABLE-RUFINO 211

1 PREPAID RENT 116

CASH 111

1 INSURANCE EXPENSE 513

CASH 111

3 SEWING TOOLS
SEWING SUPPLIES
ACCOUNTS PAYABLE- VIRGILIO

5 CASH 111
SERVICE INCOME

7 ACCOUNTS RECEIVABLE
SERVICE INCOME

10 CLOTHING MATERIALS
CASH

13 CASH
SERVICE INCOME

14 ACCOUNTS PAYABLE-RUFINO
CASH
NOTES PAYABLE

15 WAGES
CASH

17 J. CACDAC PERSONAL
CASH

18 CASH
ACCOUNTS RECEIVABLE
20 CASH
SERVICE INCOME

22 WAGES
CASH

23 ACCOUNTS RECEIVABLE
SERVICE INCOME

27 UTILITY EXPENSE
TELEPHONE AND COMMUNICATION EXPENSE
CASH

AJE
31-Dec DEPRECIATION EXPENSE 100.00
ACCUMULATED DEPRECIATION-SEWING MACHINES

SUPPLIES EXPENSE 100.00

SEWING SUPPLIES

BAD DEBTS EXPENSE 35.00

ALLOWANCE FOR BAD DEBTS

CLOTHING MATERIALS USED 800.00

CLOTHING MATERIALS

RENT EXPENSE 1,000.00

PREPAID RENT

PREPAID INSURANCE 522.50

INSURANCE EXPENSE

INTEREST EXPENSE 7.50

ACCRUED INTEREST EXPENSE
DEBIT CREDIT
8,000.00 CASH
8,000.00 DR CR
8,000.00 1,500.00
6,000.00 120.00 3,000.00
1,500.00 1,250.00 570.00
4,500.00 200.00 1,500.00
1,475.00 1,500.00
3,000.00 250.00
3,000.00 500.00
250.00
570.00 400.00
570.00
11,045.00 9,470.00
590.00 1,575.00
270.00
860.00 ACCOUNTS PAYABLE-RUFINO
DR CR
120.00 4,500.00 4,500.00
120.00 -

500.00
500.00
J.CACDAC, CAPITAL
1,500.00 DR CR
1,500.00 8,000.00

1,250.00
1,250.00

4,500.00 SERVICE INCOME

1,500.00 DR CR
3,000.00 1,250.00
1,475.00
250.00 400.00
250.00 500.00
120.00
500.00 3,745.00
500.00
INSURANCE EXPENSE
200.00 DR CR
200.00 570.00 522.50
47.50
1,475.00
1,475.00 TELEPHONE AND COMMUNICATION EXPENSE
DR CR
250.00 250.00
250.00

400.00
400.00 BAD DEBTS EXPENSE
DR CR
150.00 35.00
250.00
400.00

RENT EXPENSE
6,000.00 DR CR
5 1,000.00
100.00 1,200.00
12
100.00
100.00

570
35.00 12
47.5

800.00 522.5

3000
1,000.00 0.06
180

522.50 15
360
0.041666666667
7.50 7.50
 ASSETS

ACCOUNTS RECEIVABLE SEWING EQUIPMENT

DR CR DR CR
500.00 200.00 6,000.00 100
400.00
900.00 200.00 5,900.00
700.00

PREPAID RENT CLOTHING MATERIALS

DR CR DR CR
3,000.00 1000 1,500.00 800
2,000.00 700.00

LIABILITIES

ACCOUNTS PAYABLE-VIRGILIO NOTES PAYABLE

DR CR DR CR
860.00 3,000.00

EQUITY

J. CACDAC, PERSONAL
DR CR
500.00

REVENUE

EXPENSES

UTILITY EXPENSE DEPRECIATION EXPENSE

DR CR DR CR
150.00 100.00
 WAGES SUPPLIES EXPENSE
DR CR DR CR
250.00 100.00
250.00
500.00 ACCUMULATED DEPRECIATION-SEWING MACHINES
DR CR
CLOTHING MATERIALS USED 100.00
DR CR
800.00
ALLOWANCE FOR BAD DEBTS
DR CR
35
INTEREST EXPENSE
DR CR ACCRUED INTEREST EXPENSE
7.50 DR CR
7.50
 UNADJUSTED TRIAL BALANCE
ACCOUNT
SEWING SUPPLIES CASH
DR CR ACCOUNTS RECEIVABLE
270.00 100 SEWING EQUIPMENT
170.00 SEWING SUPPLIES
PREPAID RENT
CLOTHING MATERIALS
SEWING TOOLS
SEWING TOOLS ACCOUNTS PAYABLE-RUFINO
DR CR ACCOUNTS PAYABLE-VIRGILIO
590.00 NOTES PAYABLE
J.CACDAC, CAPITAL
J. CACDAC, PERSONAL
SERVICE INCOME
INSURANCE EXPENSE
UTILITY EXPENSE
TELEPHONE AND COMMUNICATION EXPENSE
WAGES

ACCOUNT
CASH
ACCOUNTS RECEIVABLE
SEWING EQUIPMENT
ACCUMULATED DEPRECIATION-SEWING MACHINES
ALLOWANCE FOR BAD DEBTS
SEWING TOOLS
SEWING SUPPLIES
PREPAID INSURANCE
PREPAID RENT
CLOTHING MATERIALS
ACCOUNTS PAYABLE-RUFINO
ACCRUED INTEREST EXPENSE
ACCOUNTS PAYABLE-VIRGILIO
NOTES PAYABLE
J.CACDAC, CAPITAL
J. CACDAC, PERSONAL
SERVICE INCOME
WAGES
INSURANCE EXPENSE
UTILITY EXPENSE
TELEPHONE AND COMMUNICATION EXPENSE
RENT EXPENSE
CLOTHING MATERIALS USED
BAD DEBTS EXPENSE
SUPPLIES EXPENSE
DEPRECIATION EXPENSE
INTEREST EXPENSE
LANCE
DEBIT CREDIT
1,575.00
700.00
6,000.00
270.00
3,000.00
1,500.00
590.00
0
860.00
3,000.00
8,000.00
500.00
3,745.00
570.00
150.00
250.00
500.00
15,605.00 15,605.00 -

ADJUSTED TRIAL BALANCE

DEBIT CREDIT
1,575.00
700.00
6,000.00
MACHINES 100.00
35.00
590.00
170.00
522.50
2,000.00
700.00
0
7.50
860.00
3,000.00
8,000.00
500.00
3,745.00
 500.00
47.50
150.00
250.00
1,000.00
800.00
35.00
100.00
100.00
7.50
15,747.50 15,747.50
 STATEMENT OF COMPREHENSIVE INCOME
AS OF DEC. 31, 2014

SERVICE INCOME 3,745.00

LESS:
WAGES (500.00)
INSURANCE EXPENSE (47.50)
UTILITY EXPENSE (150.00)
TELEPHONE AND COMMUNICATION EXPENSE (250.00)
RENT EXPENSE (1,000.00)
CLOTHING MATERIALS USED (800.00)
BAD DEBTS EXPENSE (35.00)
SUPPLIES EXPENSE (100.00)
DEPRECIATION EXPENSE (100.00)
INTEREST EXPENSE (7.50)
NET PROFIT 755.00

STATEMENT OF CHANGE IN OWNER'S EQUITY

AS OF DEC. 31, 2014
J. CACDAC, CAPITAL 8,000.00
ADD:
NET PROFIT 755.00
LESS:
J. CACDAC, PERSONAL (500.00)
J. CACDAC, CAPITAL 8,255.00

STATEMENT OF FINANCIAL POSITION

FOR THE MONTH ENDED, DEC 31, 2014
ASSETS
CASH 1,575.00
ACCOUNTS RECEIVABLE 700.00
LESS: ALLOWANCE FOR BAD DEBTS (35.00)
SEWING EQUIPMENT 6,000.00
LESS: ACCULMULATED DEPRECIATION (100.00)
SEWING TOOLS 590.00
SEWING SUPPLIES 170.00
PREPAID INSURANCE 522.50
PREPAID RENT 2,000.00
CLOTHING MATERIALS 700.00
TOTAL ASSETS 12,122.50

LIABILITILES
ACCOUNTS PAYABLE-RUFINO -
ACCRUED INTEREST EXPENSE 7.50
ACCOUNTS PAYABLE-VIRGILIO 860.00
NOTES PAYABLE 3,000.00
TOTAL LIABILITIES 3,867.50

OWNER'S EQUITY
J. CACDAC, CAPITAL 8,255.00

TOTAL LIABILITIES AND OWNER'S EQUITY 12,122.50

PREHENSIVE INCOME CLOSING ENTRIES

ACCOUNT DEBIT CREDIT

SERVICE INCOME 3,745.00
INCOME SUMMARY 3,745.00

INCOME SUMMARY 2,990.00

WAGES 500.00
INSURANCE EXPENSE 47.50
UTILITY EXPENSE 150.00
TELEPHONE AND COMMUNIACTION EXPENSE 250.00
RENT EXPENSE 1,000.00
CLOTHING MATERIALS USED 800.00
BAD DEBTS EXPENSE 35.00
SUPPLIES EXPENSE 100.00
DEPRECIATION EXPENSE 100.00
INTEREST EXPENSE 7.50
GE IN OWNER'S EQUITY
INCOME SUMMARY 755.00
J. CACDAC, CAPITAL 755.00

J. CACDAC, CAPITAL 500.00

J. CACDAC PERSONAL 500.00
 SERVICE INCOME INCOME SUMMARY ACCOUNTS
DR CR DR CR CASH
3,745.00 3,745.00 2,990.00 3,745.00 ACCOUNTS RECEIVABLE
- 755.00 ACCUMULATED DEPR
- ALLOWANCE FOR BA
J CACDAC, CAPITAL J, CACDAC, PERSONAL SEWING EQUIPMENT
DR CR DR CR SEWING TOOLS
500.00 8,000.00 500.00 500.00 SEWING SUPPLIES
755.00 - PREPAID INSURANCE
8,255.00 PREPAID RENT
CLOTHING MATERIALS
ACCRUED INTEREST E
ACCOUNTS PAYABLE-VIR
NOTES PAYABLE
J.CACDAC, CAPITAL
TOTAL
 POST CLOSING TRIAL BALANCE
FOR THE MONTH ENDED DEC. 31, 2014
ACCOUNTS DEBIT CREDIT
1,575.00
ACCOUNTS RECEIVABLE 700.00
ACCUMULATED DEPRECIATION-SEWING MACHINES 100.00
ALLOWANCE FOR BAD DEBTS 35.00
SEWING EQUIPMENT 6,000.00
SEWING TOOLS 590.00
SEWING SUPPLIES 170.00
PREPAID INSURANCE 522.50
PREPAID RENT 2,000.00
CLOTHING MATERIALS 700.00
ACCRUED INTEREST EXPENSE 7.50
ACCOUNTS PAYABLE-VIRGILIO 860.00
NOTES PAYABLE 3,000.00
J.CACDAC, CAPITAL 8,255.00
12,257.50 12,257.50