Scribd Logo
Upload

Welcome to Scribd!

  • 7 views

    Entrep

    Uploaded by

    Crissa Moresca
    The document records various transactions of a business from January to December 2016. In January, the business owner contributed capital and the business purchased manufacturing equipment, a freezer, a motorcycle, van and other assets. Throughout the year the business recorded sales revenue, cost of goods sold, expenses including salaries, rent, depreciation and taxes. By December 2016 the business financial position included assets, liabilities and owner's equity.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content

    You might also like

    Entrep

    Uploaded by

    Crissa Moresca
    7 views8 pages
    The document records various transactions of a business from January to December 2016. In January, the business owner contributed capital and the business purchased manufacturing equipment, a freezer, a motorcycle, van and other assets. Throughout the year the business recorded sales revenue, cost of goods sold, expenses including salaries, rent, depreciation and taxes. By December 2016 the business financial position included assets, liabilities and owner's equity.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document records various transactions of a business from January to December 2016. In January, the business owner contributed capital and the business purchased manufacturing equipment, a freezer, a motorcycle, van and other assets. Throughout the year the business recorded sales revenue, cost of goods sold, expenses including salaries, rent, depreciation and taxes. By December 2016 the business financial position included assets, liabilities and owner's equity.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    7 views8 pages

    Entrep

    Uploaded by

    Crissa Moresca
    The document records various transactions of a business from January to December 2016. In January, the business owner contributed capital and the business purchased manufacturing equipment, a freezer, a motorcycle, van and other assets. Throughout the year the business recorded sales revenue, cost of goods sold, expenses including salaries, rent, depreciation and taxes. By December 2016 the business financial position included assets, liabilities and owner's equity.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 8

    Jan-16 Cash

    Roainne, Capital

    Jan-16 Business Registration Expense


    Cash

    Jan-16 Manufacturing Equipment


    Freezer
    Cash

    Jan-16 Cash
    Loan Payable

    Jan-16 Motorcycle
    Delivery Van
    Smartphone
    Accounts Payable
    Cash

    Jan-16 Mini-restaurant furniture & equipment


    Cash

    No Transactions

    Jan-16 Inventory
    Cash

    Jan - Dec 2016 Inventory


    Cash

    Jan - Dec 2016 Other Inventory


    Cash

    Jan - Dec 2016 Cash


    Sales Revenue

    Jan - Dec 2016 Cost of Sales


    Inventory
    Other Inventory
    Dec-16 Rent Expense
    Cash

    Dec-16 Depreciation Exp - Mfg. Equipment


    Depreciation Exp - Freezer
    Accumulated Depreciation - Mfg Equipment
    Accumulated Depreciation - Freezer

    Dec-16 Depreciation Exp - Motorcycle


    Depreciation Exp - Delivery Van
    Accumulated Depreciation - MC
    Accumulated Depreciation - DV

    Dec-16 Depreciation Exp - mini restaurant equip


    Accumulated Depreciation - MRE

    Dec-16 Depreciation Exp - smartphone


    Accumulated Dep - smartphone

    Dec-16 Accounts Payable


    Cash

    Dec-16 Salaries Expense


    SSS Benefits expense
    Cash

    Dec-16 Loan Payable


    Interest Expense
    Cash

    Dec-16 Tax Expense


    Cash
    200,000.00
    200,000.00

    3,500.00
    3,500.00

    40,000.00
    35,000.00
    75,000.00 1,276,500.00

    300,000.00
    300,000.00

    60,000.00
    450,000.00
    30,000.00
    510,000.00
    30,000.00

    63,000.00
    63,000.00

    actions

    17,000.00
    17,000.00

    3,400,000.00
    3,400,000.00

    800,000.00
    800,000.00

    6,154,000.00
    6,154,000.00

    4,056,000.00
    3,272,500.00
    783,500.00
    60,000.00
    60,000.00

    8,000.00
    7,000.00
    8,000.00
    7,000.00

    12,000.00
    90,000.00
    12,000.00
    90,000.00

    21,000.00
    21,000.00

    15,000.00
    15,000.00

    510,000.00
    510,000.00

    1,001,000.00
    35,000.00
    1,036,000.00

    100,000.00
    24,000.00
    124,000.00

    164,300.00
    164,300.00
    Assets = Liabilities +

    Cash Accounts Payable


    200,000.00 3,500.00 510,000.00 510,000.00
    300,000.00 75,000.00 510,000.00 510,000.00
    6,154,000.00 30,000.00 -
    63,000.00
    17,000.00 Loans Payable
    3,400,000.00 100,000.00 300,000.00
    60,000.00 100,000.00 300,000.00
    510,000.00 200,000.00
    1,036,000.00
    124,000.00
    800,000.00
    164,300.00
    6,654,000.00 6,282,800.00
    371,200.00

    Inventory
    17,000.00 3,272,500.00
    3,400,000.00
    3,417,000.00 3,272,500.00
    144,500.00

    Other Inventory
    800,000.00 783,500.00
    800,000.00 783,500.00
    16,500.00

    Manufacturing Equip
    40,000.00
    40,000.00

    Freezer
    35,000.00
    35,000.00

    Motorcycle
    60,000.00
    60,000.00

    Delivery Van
    450,000.00
    450,000.00

    Mini-Rest. Equip
    63,000.00
    63,000.00

    Smartphone
    30,000.00
    30,000.00

    Accum. Dep - Mfg Equip


    8,000.00
    8,000.00

    Accum. Dep - freezer


    7,000.00
    7,000.00

    Accum. Dep - MC
    12,000.00
    12,000.00

    Accum. Dep - DV
    90,000.00
    90,000.00

    Accum. Dep - MRE


    21,000.00
    21,000.00

    Accum. Dep - SP
    15,000.00
    15,000.00
    Owner's Equity

    Roainne's Capital
    200,000.00
    200,000.00

    Sales Revenue
    6,154,000.00 821,500.00
    6,154,000.00

    Cost of sales
    4,056,000.00
    4,056,000.00 -

    Salaries Expense
    1,001,000.00
    1,001,000.00

    Interest Expense
    24,000.00
    24,000.00

    Bus. Registration Expense


    3,500.00
    3,500.00

    Rental Expense
    60,000.00
    60,000.00

    SSS Benefits Expense


    35,000.00
    35,000.00

    Depreciation Expense
    21,000.00
    12,000.00
    90,000.00
    8,000.00
    7,000.00
    15,000.00
    153,000.00

    Tax Expense
    164,300.00
    164,300.00

    You might also like