Date Account Title & Explanation Debit Credit

2022
March 6 Cash 6,000
Capital 6,000
To record initial investment of Group 1

6 Purchases 2,066
Cash 2,066
To record purchases from Supermarket

6 Supplies 394
Cash 394
To record purchased supplies from Supermarket

6 Purchases 284
Cash 284
To record purchases from Injap Supermarket

6 Transportation Expense 20
Cash 20
To record payment for transportation

6 Purchases 796
Cash 796
To record purchases from Red’s store

7 Purchases 240
Cash 240
To record purchases from Red’s Store

7 Cash 2,325
Sales 2,325
To record received cash from various customers

7 Purchases 798
Cash 798
To record purchases from Supermarket
March 7 Supplies 81
Cash 81
To record purchased supplies from Supermarket

7 Purchases 70
Cash 70
To record purchases from Injap

7 Transportation Expense 80
Cash 80
To record payment for transportation

7 Purchases 40
Cash 40
To record purchases from Red’s Store

8 Purchases 265
Cash 265
To record purchases from Red’s Store

8 Transportation Expense 30
Cash 30
To record payment for transportation

8 Cash 1,655
Sales 1,655
To record received cash from various customers

8 Purchases 808
Cash 808
To record purchases from Supermarket

8 Supplies
Cash
To record purchased supplies from Supermarket

8 Purchases 187.25
Cash 187.25
To record purchases from Injap
March 8 Transportation Expense 50
Cash 50
To record payment for transportation

9 Purchases 165
Cash 165
To record purchases from Red’s Store

9 Cash 2,355
Sales 2,355
To record received cash from various customers

9 Purchases 322
Cash 322
To record purchases from Supermarket

9 Supplies 50
Cash 50
To record purchased supplies from Supermarket

9 Transportation Expense 50
Cash 50
To record payment for transportation

9 Purchases 20
Cash 20
To record purchases from Red’s Store

10 Purchases 190
Cash 190
To record purchases from Red’s Store

10 Transportation Expense 30
Cash 30
To record payment for transportation

10 Cash 1,815
Sales 1,815
To record received cash from various customers

GENERAL LEDGER
Account Name: CASH
DATE EXPLANATION DEBIT CREDIT BALANCE
DEBIT CREDIT
March 6 Investment 6,000 6,000
6 Purchases (supermarket) 2,066 3,934
6 Supplies 394 3,540
6 Purchases (injap) 284 3,256
6 Transportation 20 3,236
6 Purchases (Red’s Store) 756 2,440
7 Purchases (Red’s Store) 240 2,200
7 Sales 2,325 4,525
7 Purchases (supermarket) 798 3,727
7 Supplies 81 3,646
7 Purchases (injap) 70 3,576
7 Transportation 80 3,496
7 Purchases (Red’s Store) 40 3,456
8 Purchases 265 3,191
8 Transportation 30 3,161
8 Sales 1,655 4,816
8 Purchases 808 4,008
8 Supplies 98 3,910
8 Purchases (injap) 187.25 3,722.75
8 Transportation 50 3,672.75
9 Purchases (Red’s Store) 165 3,507.75
9 Sales 2,355 5,862.75
9 Purchases (supermarket) 322 5,540.75
9 Supplies 50 5,490.75
9 Transportation 50 5,440.75
9 Purchases 20 5,420.75
10 Purchases (Red’s Store) 190 5,230.75
10 Transportation 30 5,200.75
10 Sales 1,815 7,015.75

GENERAL LEDGER
Account Name: CAPITAL
DATE EXPLANATION DEBIT CREDIT BALANCE
DEBIT CREDIT
March 6 Cash 6,000 6,000
31 Closing 1,199.50 7,199.50

GENERAL LEDGER
Account Name: PURCHASES
DATE EXPLANATION DEBIT CREDIT BALANCE
DEBIT CREDIT
March 6 Market 2,006 2,066
 6 Injap 284 2,350
6 Red’s Store 796 3,146
7 Red’s Store 240 3,386
7 Market 798 4,184
7 Injap 70 4,254
7 Red’s Store 40 4,294
8 Red’s Store 265 4,559
8 Market 808 5,367
8 Injap 187.25 5,554.25
9 Red’s Store 165 5,719.25
9 Market 322 6,041.25
9 Red’s Store 20 6,061.25
10 Red’s Store 190 6,251.25
31 Closing 6,251.25 0

GENERAL LEDGER
Account Name: SUPPLIES
DATE EXPLANATION DEBIT CREDIT BALANCE
DEBIT CREDIT
March 6 394 394
7 81 475
8 98 573
9 50 623
Adjustment 439.25 183.75

GENERAL LEDGER
Account Name: SALES
DATE EXPLANATION DEBIT CREDIT BALANCE
DEBIT CREDIT
March 7 Cash 2,325 2,325
8 Cash 1,655 3,980
9 Cash 2,355 6,335
10 Cash 1,815 8,150
31 Closing 8,150 0

GENERAL LEDGER
Account Name: TRANSPORTATION EXPENSE
DATE EXPLANATION DEBIT CREDIT BALANCE
DEBIT CREDIT
March 6 Cash 20 20
7 Cash 80 100
8 Cash 30 130
8 Cash 50 180
9 Cash 50 230
10 Cash 30 260
31 Closing 260 0

GENERAL LEDGER
Account Title: SUPPLIES USED
DATE EXPLANATION DEBIT CREDIT BALANCE
DEBIT CREDIT
March 31 Adjustment 439.25 439.25
31 Closing 439.25 0

GENERAL LEDGER
Account Title: INCOME SUMMARY
DATE EXPLANATION DEBIT CREDIT BALANCE
DEBIT CREDIT
March 31 8,150 8,150
31 6,950.50 1,199.50
1,199.50 0

DeliCapiz
TRIAL BALANCE
MARCH 31, 2022

ACCOUNT TITLES DEBIT CREDIT

Cash 7,015.75
Supplies 623
Capital 6,000
Sales 8,150
Purchases 6,251.25
Transportation Expense 260
TOTALS: 14,150 14,150

DeliCapiz
ADJUSTMENTS
MARCH 31, 2022
ACCOUNT TITLES DEBIT CREDIT
Supplies 439.25
Supplies used 439.25

DeliCapiz
ADJUSTED TRIAL BALANCE
March 31, 2022
ACCOUNT TITLES DEBIT CREDIT
Cash 7,015.75
Supplies 183.75
Capital 6,000
Sales 8,150
Purchases 6,251.25
Transportation Expense 260
Supplies used 439.25
TOTALS: 14,150 14, 150

DeliCapiz
STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDING MARCH 31, 2022
GROSS INCOME:
Sales 8,150
Less: Purchases
Raw Materials 5,495.25
Indirect Cost 756
TOTAL GROSS INCOME: 1,898.75
Less: Operating Expenses
Transportation Expense 260
Supplies used 439.75
NET INCOME: 1,199.50

DeliCapiz
STATEMENT OF CHANGES IN OWNER’S EQUITY
FOR THE PERIOD ENDING MARCH 31, 2022
Capital, Beginning Balance 0
Add: Investment 6,000
Less: Drawing 0
TOTAL 6,000
Add: Net Income 1,199.50
Capital, End 7,199.50

DeliCapiz
BALANCE SHEET
AS OF MARCH 31, 2022
ASSETS
Cash & Cash Equivalents 7,015.75
Prepaid Expenses 183.75
TOTAL ASSETS 7,199.50

LIABILITIES & OWNER’S EQUITY

Liability 0
Owner’s Equity
Capital 7,199.50
TOTAL LIABILITIES & OWNER’S 7,199.50
EQUITY

DeliCapiz
STATEMENT OF CASH FLOW
AS OF MARCH 31, 2022

Cash Flows from Operating Activities

Receipts:
Cash 8,150
Payments:
Goods Bought 6,251.25
 Supplies 623
OPEX 260
Net Cash Flows from Operating Activities 1,015.75

Cash Flows from Investing Activities

Receipts: 0
Payments: 0
Net Cash Flows from Investing Activities 0

Cash Flows from Financing Activities

Receipts:
Investment 6,000
Net Cash Flows from Financing Activities 6,000

Net Increase in Cash 7,015.75

Add: Cash Balance, beginning, March 1 0
Cash Balance, end March 31 7,015.75

DeliCapiz
CLOSING ENRTY
MARCH 31, 2022

DATE ACCOUNT TITLE & EXPLANATION DEBIT CREDIT

Marc 31 Sales 8,150
h
Income Summary 8,150
To close sales account to income
summary
 31 Income Summary 6,950.50
Purchases 6,251.25
Transportation Expense 260
Supplies used 439.25
To close expense account to income
summary

31 Income Summary 1,199.50

Capital 1,199.50
To close income summary to capital
account

DeliCapiz
POST CLOSING TRIAL BALANCE
AS OF MARCH 31, 2022

ACCOUNT TITLE DEBIT CREDIT

Cash 7,O15.75
Supplies 183.75
Capital 7,199.50
TOTALS: 7,199.50 7,199.50