Accounts Prepaid

DATE Particulars Cash

Receivable Rent

3/1/2023 Initial Investment 250,000

3/1/2023 Rent Paid in Advance -8,000 8,000

3/2/2023 Note Issued for Cash 210,000

Service Vehicle Acquired
3/4/2023 for cash -420,000

3/4/2023 Insurance Premiums Paid -14,400

Office Equipment
3/5/2023 Acquired on Account -15,000
Supplies Purchased on
3/8/2023 Account
Accounts Payable Partial
3/9/2023 Settled -10,000
Revenues Earned and
3/10/2023 Cash Collected 26,400

3/13/2023 Salaries Paid -6,600

Unearned Revenues
3/15/2023 Collected 10,000
Revenues Earned on
3/19/2023 Account 36,000
Withdrawal Of Cash by
3/25/2023 Owner -14,000

3/27/2023 Salaries Paid -7,200

Expenses Incurred but
3/30/2023 Unpaid
Accounts Receivable
3/30/2023 Partially Collected 24,000 -24,000
Expenses Incurred and
03/31,2023 Paid -3,000

Balances: 22,200 12,000 8,000

 Unearned
Service Office Prepaid Notes
Supplies Referral
Vehicle Equipment Insurance Payable
Revenues

-210,000

420,000

14,400

60,000

18,000

-10,000

420,000 60,000 18,000 14,400 -210,000 -10,000

Accounts Utilities Stephane's, Consulting Salaries Withdrawal
Payable Payable Capital Revenues Expense s

-250,000

-45,000

-18,000

10,000

-26,400

6,600

-36,000

14,000

7,200

-1,400

-53,000 -1,400 -250,000 -62,400 13,800 14,000

Utilities
Balance
Expense

1,400 0

3,000 0

4,400 0
 Stephane's Everlasting Bliss Wedding Services
Trial Balance
31-Mar-23
Cash 22,200
Accounts Receivable 12,000
Supplies 18,000
Prepaid Rent 8,000
Prepaid Insurance 14,400
Service Vehicle 420,000
Office Equipment 60,000
Notes Payable 210,000
Accounts Payable 53,000
Utilities Payable 1,400
Unearned Referral Revenues 10,000
Stephane's Capital 250,000
Stephane's Withdrawals 14,000
Consulting Revenues 62,400
Salaries Expense 13,800
Utilties Expense 4,400
586,800 586,800
 Prepaid
Date Particulars Prepaid Rent
Insurance
Supplies

### Expiration of one month's rent -4,000

Expiration of one month's
### insurance -1,200
### Consumption of Supplies -3,000
Recording Depreciation Expense
3/12:202 Rec. of income where cash is rec in advance
### Accrual of unrecorded expense
### Accrual of unrecorded expense
### Accrual of unrecorded revenue

Balance: -4,000 -1,200 -3,000

 Accumulated Accumulated Accounts Unearned Salaries
Depreciation- Depreciatiom- Referral
Receivable Payable
Service Vehicle Off. Equip. Revenues

-4,000 -1,000
4,000
-1,800

5,300

-4,000 -1,000 5,300 4,000 -1,800

 Depreciati
Interest Insurance Supplies om
Rent Expense Expense-
Payable Expense Expense
Serv.Vehicl
4,000
e

1,200
3,000
4,000

-3,500

-3,500 4,000 1,200 3,000 4,000

Depreciati
on Referral Salaries Interest Consulting
Expense- Balance
Revenues Expense Expense Revenues
Office
Equipment 0

0
0
1,000 0
-4,000 0
1,800 0
3,500 0
-5,300 0

1,000 -4,000 1,800 3,500 -5,300 0

 Stephane's Everlasting Bliss Wedding Services
Adjusted Trial Balance
31-Mar-23
Cash 22,200
Accounts Receivable 17,300
Supplies 15,000
Prepaid Rent 4,000
Prepaid Insurance 13,200
Service Vehicle 420,000
Accum. Dep Service
Vehicle 4,000
Office Equipment 60,000
Accum. Dep Service
Vehicle 1,000
Notes Payable 210,000
Accounts Payable 53,000
Salaries Payable 1,800
Utilities Payable 1,400
Interest Payable 3,500
Unearned Referral
Revenues 6,000
Stephane, Capital 250,000
Stephane, Withdrawals 14,000
Consulting Revenues 67,700
Referral Revenues 4,000
Salaries Expense 15,600
Utilties Expense 4,400
Supplies Expense 3,000
Rent Expense 4,000
Insurance Expense 1,200
Depreciatiom Exp. Serv.
Vehicle 4,000
Depreciation Exp. Office
Equip 1,000
Interest Expense 3,500
₱ 602,400.00 ₱ 602,400.00
 Stephane's Everlasting Bliss Wedding Services
Income Statement
For the Month Ended March 31,2023
Revenues
Consulting Revenues 67,700
Referral Revenes 4,000
Total: 71,700
Expenses:
Salaries Expense 15,600
Utilities Expense 4,400
Rent Expense 4,000
Depreciatiom Expense 4,000
Interest Expense 3,500
Supplies Expense 3,000
Insurance Expense 1,200
Depreciation Expense-Office Equipm 1,000
Total: 36,700
Profit: 35,000
 Stephane's Everlasting Bliss Wedding Services
Balance Sheet
31-Mar-23
Assets
Current Assets:
Cash 22,200
Accounts Receivable 17,300
Supplies 15,000
Prepaid Rent 4,000
Prepaid Insurance 13,200
Total Current Assets 71,700
Property and Equipment(Net)
Service Vehicles 420,000
Less:( Accumulated Depreciatiom 4,000 416,000
Office Equipment 60,000
Less: Accumulated Depreciatiom 1,000 59,000
Total Assets: 546,700
Liabilities
Current Liabilities:
Notes Payable 210,000
Accounts Payable 53,000
Salaries Payable 1,800
Utilities Payable 1,400
Interest Payable 3,500
Unearned Referral Revenues 6,000
Total Current Liabilities: 275,700
Owner's Equity
Stephane, Capital, 03/31/2023 271,000
Total Liabilities and Owner's Equity 546,700
 Stephane's Everlasting Bliss Wedding Services
Statement of Cash Flows
For the Month Ended March 31,2023
Particular Cash Flows From OA
Cash received from clients 60,400
Payments to suppliers -10,000
Payments to employees -13,800
Payments for office rent -8,000
Payments for utilities -14,400
Payments for insurance -3,000
Net Cash Provided by (used in) OA 11,200
Cash Flows From IA
Payments to acquire serv. vehicle -420,000
Payments to acquire office
equipment -15,000
Net Cash Provided by (used in) IA -435,000
CAsh Flows from FA
Cah received as investments by
owner 250,000
Cash received from borrowings 210,000
Payments for withdrawals by
owner -14,000
Net Cash Provided by (used in) FA 446,000
Net Increase(Decrease) in cash 22,200
Cash Bal at the beginning of the period 0
Cash Bal at the end of the period 22,200
Date Particulars CAPITAL Withdrawals

### Close the Income Accounts

### Close The Expense Account

Close the Income Summary
### Account -35,000

### Close the Withdrawal Account 14,000 -14,000

Balance -21,000 -14,000

Referral Consulting Dep Exp- Off
Salaries Expense
Revenues Revenues Equipt.

4,000 67,700

-15,600 -1,000

4,000 67,700 -15,600 -1,000

Dep Exp-Ser.
Interest Expense Utilities Expense Rent Expense
Vehicle

-4,000 -3,500 -4,400 -4,000

-4,000 -3,500 -4,400 -4,000

Insurance Supplies Income
Balance
Expense Expense Summary

-71,700 0

-1,200 -3,000 36,700 0

35,000 0

-1,200 -3,000 0 0
 Insurance
Interest Expense Utilities Expense Rent Expense
Expense

-3,500 -4,400 -4,000 -1,200

Supplies Income
Balance
Expense Summary

-71,700 -71,700

-3,000 36,700 20,600

35,000 35,000

0
 Stephane's Everlasting Bliss Wedding Services
Post-Closing Trial Balance
31-Mar-23

Cash 22,200

Accounts Receivable 17,300

Supplies 15,000

Prepaid Rent 4,000

Prepaid Insurance 13,200

Service Vehicle 420,000

Accum. Dep Service Vehicle 4,000

Office Equipment 60,000

Accum. Dep Service Vehicle 1,000

Notes Payable 210,000

Accounts Payable 53,000

Salaries Payable 1,800

Utilities Payable 1,400

Interest Payable 3,500

Unearned Referral Revenues 6,000

Stephane, Capital 271,000

₱ 551,700.00 ₱ 551,700.00