(a) Determine the missing amounts

Number Item Value

a. Owmer's Equity 45,000.00
b. Assets 118,000.00
c. Additional Investement 13,000.00
d. Liabilities 50,000.00
e. Owmer's Equity 66,000.00
f. Drawings 44,000.00
g. Assets 120,000.00
h. Liabilities 70,000.00
i. Revenues 431,000.00
j. Liabilities 80,000.00
k. Assets 242,000.00
l. Expenses 443,000.00

(b)Prepare the owner`s equity statement

Beginning Owner's Equity on 1/1/2014 60000
Additional Investement 15000
Drawings -44000
Revenues 420000
Expenses -385000
Ending Owner's Equity on 31/12/2014 66000

( c )Write amemorable explainaing

-The Sequence begin with Preperation of the income
statement, the balance sheet and the statement of owner's
equity.-The net profit closed the last line in the income
statement in Owner equity section in balance sheet & the
ending balance of owner's equity reconcilied in Owner's
equity statement.
 (a)Enter the beginning balances in the ledger
101 Cash
DR CR Balance
$ 4,000.00 $ 4,000.00

140 Land
DR CR Balance
$ 10,000.00 $ 10,000.00
145 Buildings
DR CR Balance
$ 8,000.00 $ 8,000.00
157 Equipment
DR CR Balance
$ 6,000.00 $ 6,000.00
201 Account Payable
DR CR Balance
$ 2,000.00 $ -2,000.00
275 Mortage Payable
DR CR Balance
$ 8,000.00 $ -8,000.00
301 Owner's Capital
DR CR Balance
$ 18,000.00 $ -18,000.00

(b)Journalize the April transaction

Date Ref no Account name DR CR
4/2/2014 729 Rent Expense $ 1,100.00
101 Cash $ 1,100.00

4/3/2014
No Entry

4/9/2014 101 Cash $ 2,800.00

400 Service Revenue $ 2,800.00

4/10/2014 275 Mortgage Payable $ 2,000.00

201 Account Payable $ 1,000.00
101 Cash $ 3,000.00

4/11/2014
No Entry

4/12/2014 610 Advertising Expenses $ 500.00

101 Cash $ 500.00

4/20/2014 729 Rent Expense $ 1,000.00

 201 Account Payable $ 1,000.00

4/25/2014 101 Cash $ 5,200.00

400 Service Revenue $ 5,200.00

4/29/2014 726 Salaries & Wages Expenses $ 2,000.00

101 Cash $ 2,000.00

4/30/2014 101 Cash $ 85.00

112 Accounts Recievable $ 85.00
429 Rent Revenue $ 170.00

4/30/2014 136 Prepaid Rent $ 1,200.00

101 Cash $ 1,200.00

( c )Post the April journal

101 Cash
DR CR Balance
$ 4,000.00 $ 1,100.00 $ 2,900.00
$ 2,800.00 $ 3,000.00 $ 2,700.00
$ 5,200.00 $ 500.00 $ 7,400.00
$ 85.00 $ 2,000.00 $ 5,485.00
$ 1,200.00 $ 4,285.00
140 Land
DR CR Balance
$ 10,000.00 $ 10,000.00
145 Buildings
DR CR Balance
$ 8,000.00 $ 8,000.00
157 Equipment
DR CR Balance
$ 6,000.00 $ 6,000.00
201 Account Payable
DR CR Balance
$ 1,000.00 $ 2,000.00 $ -1,000.00
$ 1,000.00 $ -2,000.00
275 Mortage Payable
DR CR Balance
$ 2,000.00 $ 8,000.00 $ -6,000.00
301 Owner's Capital
DR CR Balance
$ 18,000.00 $ -18,000.00
729 Rent Expense
DR CR Balance
$ 1,100.00 $ 1,100.00
$ 1,000.00 $ 2,100.00
400 Service Revenue
DR CR Balance
$ 2,800.00 $ -2,800.00
$ 5,200.00 $ -8,000.00
610 Advertising Expenses
DR CR Balance
$ 500.00 $ - $ 500.00
112 Accounts Recievable
DR CR Balance
$ 85.00 $ - $ 85.00
429 Rent Revenue
DR CR Balance
$ 170.00 $ -170.00
726 Salaries & Wages Expenses
DR CR Balance
$ 2,000.00 $ - $ 2,000.00
136 Prepaid Rent
DR CR Balance
$ 1,200.00 $ - $ 1,200.00

(d)Prepare a trial balance on 30/04/2014

REF no Account name DR CR
101 Cash $ 4,285.00
140 Land $ 10,000.00
145 Buildings $ 8,000.00
157 Equipment $ 6,000.00
201 Account Payable $ 2,000.00
275 Mortage Payable $ 6,000.00
301 Owner's Capital $ 18,000.00
729 Rent Expense $ 2,100.00
400 Service Revenue $ 8,000.00
610 Advertising Expenses$ 500.00
112 Accounts Recievable$ 85.00
429 Rent Revenue $ 170.00
726 Salaries & Wages Expenses $ 2,000.00
136 Prepaid Rent $ 1,200.00
Total $ 34,170.00 $ 34,170.00
1 Date Account name DR CR Wages per Week
12/31/2014 Salaries & Wages Expenses $ 2,640.00 $ 4,500.00
Salaries & Wages Payable $ 2,640.00 $ 2,100.00
$ 6,600.00

2 Date Account name DR CR Monthly Rent

12/31/2014 Unearned rent Revenue $ 84,000.00 $ 5,000.00
Rent Revenue $ 84,000.00 $ 8,500.00

3 Date Account name DR CR Prepaid Expense

12/31/2014 Advertising Expenses $ 5,200.00 $ 6,000.00
Prepaid Expenses $ 5,200.00 $ 9,600.00
$ 15,600.00

4 Date Account name DR CR Total NP

12/31/2014 Interest Expense $ 6,300.00 $ 120,000.00
Interest Payable $ 6,300.00
 Wages/ DAY WAGES Accrued
$ 900.00 $ 1,800.00
$ 420.00 $ 840.00
$ 2,640.00

No of leases Leases Accrued

5 $ 50,000.00
4 $ 34,000.00
$ 84,000.00

Expense / month Accrued Advertising Expenses

$ 500.00 $ 4,000.00
$ 400.00 $ 1,200.00
$ 5,200.00

IR Interest Accrued
0.09 $ 6,300.00
 Liquidity 2022
Current Ratio 0.51
each one dollar as a current liabilities covered by 0.51 as current assests
Acid Test Ratio 0.31
each one dollar as a current liabilities covered by 0.31 as cash assests
Inventory Turn over 19.65
this company has ability to purchase and sell its merchindise 19.65 times a year
Days in Inventory 18.57
this company has ability to sell its merchindise every 18.57 during a year
Recievable Turn Over 22.81
this company has ability to sell and collect its receivable 22.81 times during a year
Average Collection Period 16.00
this company has ability to collect its receivable every 16 days during year
Cash Conversion Cycle 17.82
this company has the ability to converte its merchendise to cash every 17.82 durnig year
Profitabililty
Net Profit Margin 6%
each hunder EGP as a sales can return 6 EGP as an income at once
Assets Turnover 1.04
each one EGP as an assets can generate 1.04 EGP as a sales
ROI 7%
each EGP as assests can generate 7 % as a return
EPS 1.95
each common share generate 1.95 EGP as a return
Payout Ratio 41%

Dividends / Share 0.80

each common share can generate 0.80 EGP as cash dividends