Client: Zoom Cars Inc.

, New York
Services are,
Automatic Car Wash Services
Renting Cars on a Hourly Basis
Automobile Accessories

1st Jan Investment Bought By Founders via Bank transfer

Mr Peter $50,000
Mr John $75,000
Mr Martin $75,000
$200,000

2nd Jan Purchase of an Existing Car wash company (Bank Transfer)

Land & Building $60,000
Furniture & Fittings $15,000
Car Wash Machineries $10,000

3rd Jan Purchase of Used Vehicles for Rental Services (Bank Transfer)
Honda Accord $20,000
Toyota Prius $25,000
Volkswagen Passat $15,000

3rd jan

4th Jan Purchased Stock from Ocean Star Inc. on Credit

Product Qty
Organic Scent Sachet 30
Car Vent Perfume 25
Lavender Freshner Gel 20

5th Jan Hired an agency to deep clean the premises - Agency Name: Super Clean Inc,
They are signing up an annual contract to clean the premises on a monthly basis.
They will come to the premise 5th of every month and deliver the services.
The annual amount they are charging will be $3000 and Invoice raised immediately and payment d

Renewed the Utility Vendors contract with the following terms

Service Provider Nature of Service

Pacific Gas & Electric
Clarksville Utilities
Astro Machine Works
AT&T Internet Services Inc.
Ever Phone Inc.
WebX Technologies Inc.
Richmond County
Electricity & Gas
Water
Machine Maintenance
Internet & Telephone
Mobile Phone Rentals
Digital Marketing Services
Garbage Clearing

1st Jan Cigna Insurance has been taken to cover any accidental issues in the business
 Premium paid on a quarterly basis
Quarterly payment will be $750
Invoice on the first day of the quarter and paid on the same date.

8th Jan A customer rented the car for $60 per hour for 3 hours.
He made the payment via Stripe payment gateway through his phone.
Customer Name: Alex Stripe payment gateway is collecting @ 2% towerds service

9th Jan A Emmanuel came to the store and purchased two Organic Scent Sachet for $25 each.
Customer Name: Emmanuel
It’s a credit sale with a payment terms of 10 Days from invoice date

10th Jan A customer came to the store and purchased three Car Vent Perfume for $30 each.
Customer Name: Simon
It’s a credit sale with a payment terms of 7 Days from invoice date

11th Jan A customer used car wash facility (One time business)
He made the payment via Stripe payment gateway through his phone.
Customer Name: Abraham
Service Charges: $100

12th Jan to 31st Jan

Sales Summary from 12th Jan to 31st Jan are as follows,
Note: If payment is making through stripe there will be service charge of 2%
Date Services/Inventory Customer Name
13th Jan Organic Scent Sachet Sriram
14th Jan Car Vent Perfume Parker
15th Jan Lavender Freshner Gel Tallman
16th Jan Car Wash Service Tiwari
17th Jan Rent a Car Service Venky
18th Jan Organic Scent Sachet Victoria
19th Jan Car Vent Perfume Shah
20th Jan Lavender Freshner Gel Olivia
21st Jan Rent a Car Service Rayan
22nd Jan Rent a Car Service Venky
23rd Jan Rent a Car Service Abraham
24th Jan Car Wash Service Simon
25th Jan Rent a Car Service Alex
26th Jan Organic Scent Sachet Emmanuel
27th Jan Car Vent Perfume Alex
28th Jan Lavender Freshner Gel Abraham
29th Jan Rent a Car Service Tiwari
30th Jan Organic Scent Sachet Venky
31st Jan Car Vent Perfume Rayan

31st Jan Car Vent Perfume Purchased by Mr.Shah on 19th Jan 2 out of 10 was not properly functioning so
1 Reverse Sales
 2 Reverse COGS

3 Payment

31st Jan Car Vent Perfume Purchased by Mr.Alex on 27th Jan was not properly functioning so he returned

31st Jan Car Vent Perfume Purchased by Mr.Parker on 14th Jan was not properly functioning so he returne

31st Jan All the defected products has been returned to the Supplier. Ocean Star Inc.. They accepted the wh
Total 5 Units returned at purchase price.

1st Feb Purchased Stock from Ocean Star Inc. on Credit

Product Qty
Organic Scent Sachet 25
Car Vent Perfume 25
Lavender Freshner Gel 25

Feb Expenses; Service Provider Nature of Service

Pacific Gas & Electric
Clarksville Utilities
Astro Machine Works
AT&T Internet Services Inc.
Ever Phone Inc.
WebX Technologies Inc.
Richmond County
Electricity & Gas
Water
Machine Maintenance
Internet & Telephone
Mobile Phone Rentals
Digital Marketing Services
Garbage Clearing

Sales Summary for February

Note: If payment is making through stripe there will be service charge of 2%
Services Customer Name
Rent a Car Service Tiwari
Rent a Car Service Sriram
Car Wash Service Simon
Rent a Car Service Parker
Rent a Car Service Tallman
Car Wash Service Tiwari
Rent a Car Service Rayan

Date Inventory Customer Name

10th Feb Organic Scent Sachet Sriram
12th Feb Car Vent Perfume Parker
15th Feb Lavender Freshner Gel Tallman
19th Feb Organic Scent Sachet Victoria
19th Feb Car Vent Perfume Shah
25th Feb Organic Scent Sachet Emmanuel
25th Feb Car Vent Perfume Alex
28th Feb Lavender Freshner Gel Abraham
20th Feb Organic Scent Sachet Venky
21st Feb Car Vent Perfume Rayan

3rd Mar Purchased Stock from Ocean Star Inc. on Credit

Product Qty
Organic Scent Sachet 30
Car Vent Perfume 30
Lavender Freshner Gel 30

Mar Expenses; Service Provider Nature of Service

Pacific Gas & Electric
Clarksville Utilities
Astro Machine Works
AT&T Internet Services Inc.
Ever Phone Inc.
WebX Technologies Inc.
Richmond County
Electricity & Gas
Water
Machine Maintenance
Internet & Telephone
Mobile Phone Rentals
Digital Marketing Services
Garbage Clearing

Sales Summary for March

Note: If payment is making through stripe there will be service charge of 2%
Services Customer Name
Rent a Car Service Tiwari
Rent a Car Service Sriram
Car Wash Service Simon
Rent a Car Service Parker
Rent a Car Service Tallman
Car Wash Service Tiwari
Rent a Car Service Rayan

Date Inventory Customer Name

11th Mar Lavender Freshner Gel Tallman
12th Mar Organic Scent Sachet Victoria
10th Mar Car Vent Perfume Shah
20th Mar Organic Scent Sachet Emmanuel
4th Mar Car Vent Perfume Alex
14th Mar Lavender Freshner Gel Abraham
30th Mar Organic Scent Sachet Venky
31st Mar Car Vent Perfume Rayan
 Price
$10
$15
$5
Name: Super Clean Inc,
emises on a monthly basis.
d deliver the services.
nd Invoice raised immediately and payment done on the same invoice date.
Service Delivery Date
Through out the month
Through out the month
on 15th of Every Month
Through out the month
Through out the month
Through out the month
Every Wednesday & Fridays
al issues in the business
Amount
$300
$375
$100
$775
Invoice Raising Date
Last Day of the month
3rd day of Next Month
15th of Every Month
Last Day of the month
5th day of Next Month
1st day of Next Month
Last Day of the month
Payment Date
30 Days from Invoice Date
3 Days from Invoice Date
Same Day of Invoice Date
20 Days from Invoice Date
15 Days from Invoice Date
20 Days from Invoice Date
Same Day of Invoice Date
ough his phone.
gateway is collecting @ 2% towerds service charge

ganic Scent Sachet for $25 each.

m invoice date

Vent Perfume for $30 each.

invoice date

ough his phone.

e service charge of 2%
Credit Period Payment Method Qty
No Credit Stripe 3
No Credit Bank Transfer 2
No Credit Stripe 3
No Credit Cash 1
10 Days Bank Transfer 4
No Credit Bank Transfer 5
No Credit Cash 10
No Credit Bank Transfer 2
No Credit Cash 5
10 Days Bank Transfer 12
No Credit Cash 10
No Credit Bank Transfer 1
15 Days Bank Transfer 12
No Credit Cash 10
15 Days Bank Transfer 1
No Credit Stripe 4
No Credit Cash 6
10 Days Bank Transfer 2
No Credit Bank Transfer 2

2 out of 10 was not properly functioning so he returned the product to the store and company refunded 2 units costs immediately.
Dr AR Dr Sales
Cr Sales Cr AR
 Dr COGS
Cr Inventory
Dr Bank A/c
Cr AR
was not properly functioning so he returned the product to the store and company raised credit note immediately.
n was not properly functioning so he returned the product to the store and company refunded 2 units costs immediately.
plier. Ocean Star Inc.. They accepted the whole lot and raised a credit note against us.
$10
$15
$5
Service Delivery Date
Through out the month
Through out the month
on 15th of Every Month
Through out the month
Through out the month
Through out the month
Every Wednesday & Fridays
Service Delivery Date
Through out the month
Through out the month
Every Wednesday & Fridays
Through out the month
Through out the month
Through out the month
Through out the month
Credit Period
No Credit
No Credit
No Credit
No Credit
No Credit
No Credit
Dr Inventory
Cr COGS
Dr AR
Cr Bank A/C
Amount
$250
$375
$125
$750
Invoice Raising Date
Last Day of the month
3rd day of Next Month
15th of Every Month
Last Day of the month
5th day of Next Month
1st day of Next Month
Last Day of the month
Invoice Raising Date
3rd day of Next Month
5th day of Next Month
Last Day of the month
Last Day of the month
Last Day of the month
3rd day of Next Month
1st day of Next Month
Payment Method
Stripe
Bank Transfer
Stripe
Bank Transfer
Cash
Cash
Payment Date
30 Days from Invoice Date
3 Days from Invoice Date
Same Day of Invoice Date
20 Days from Invoice Date
15 Days from Invoice Date
20 Days from Invoice Date
Same Day of Invoice Date
Payment Date
10 Days from Invoice Date
15 Days from Invoice Date
5 Days from Invoice Date
3 Days from Invoice Date
Same Day of Invoice Date
10 Days from Invoice Date
20 Days from Invoice Date
Qty
3
2
3
5
10
10
15 Days Bank Transfer 1
No Credit Stripe 4
10 Days Bank Transfer 2
No Credit Bank Transfer 2

Price Amount
$10 $300
$15 $450
$5 $150
$900

Service Delivery Date Invoice Raising Date Payment Date

Through out the month
Through out the month
on 15th of Every Month
Through out the month
Through out the month
Through out the month
Every Wednesday & Fridays
Last Day of the month
3rd day of Next Month
15th of Every Month
Last Day of the month
5th day of Next Month
1st day of Next Month
Last Day of the month
30 Days from Invoice Date
3 Days from Invoice Date
Same Day of Invoice Date
20 Days from Invoice Date
15 Days from Invoice Date
20 Days from Invoice Date
Same Day of Invoice Date

Service Delivery Date Invoice Raising Date Payment Date

Through out the month
Through out the month
Every Wednesday & Fridays
Through out the month
Through out the month
Through out the month
Through out the month
3rd day of Next Month
5th day of Next Month
Last Day of the month
Last Day of the month
Last Day of the month
3rd day of Next Month
1st day of Next Month
10 Days from Invoice Date
15 Days from Invoice Date
5 Days from Invoice Date
3 Days from Invoice Date
Same Day of Invoice Date
10 Days from Invoice Date
20 Days from Invoice Date

Credit Period Payment Method Qty

No Credit Stripe 4
No Credit Bank Transfer 6
No Credit Cash 11
No Credit Cash 11
15 Days Bank Transfer 2
No Credit Stripe 6
10 Days Bank Transfer 4
No Credit Bank Transfer 4
Payment Method Invoice Amount
Check Payment $300
Check Payment $50
Check Payment $100
Check Payment $30
Direct Debit $150
Direct Debit $600
Check Payment $75
 Rate Amount
30 90
35 70
25 75
150 150
60 240
30 150
35 350
25 50
60 300
55 660
55 550
250 250
50 600
30 300
35 35
25 100
60 360
30 60
35 70

funded 2 units costs immediately.

note immediately.

units costs immediately.

Payment Method Invoice Amount

Check Payment $350
Check Payment $60
Check Payment $120
Check Payment $45
Direct Debit $175
Direct Debit $650
Check Payment $90

Payment Method Invoice Amount

Bank Transfer $500.00
Direct Debit $175.00
Bank Transfer $100
Cash $150
Stripe $250
Stripe $550.00
Bank Transfer $700

Rate Amount
30 90
35 70
25 75
30 150
35 350
30 300
 35 35
25 100
30 60
35 70

Payment Method Invoice Amount

Check Payment $365.00
Check Payment $55.00
Check Payment $130.00
Check Payment $50.00
Direct Debit $150.00
Direct Debit $625.00
Check Payment $75.00

Payment Method Invoice Amount

Bank Transfer $450.00
Direct Debit $150.00
Bank Transfer $120.00
Cash $100.00
Stripe $260.00
Stripe $500.00
Bank Transfer $750.00

Rate Amount
25 100
30 180
35 385
30 330
35 70
25 150
30 120
35 140
 JOURNAL ENTRY ZOOM CAR
DATE PARTICULARS DEBIT CREDIT
1ST jan BANK AC DR $20,000.00
to Mr Peter $50,000.00
Mr John $75,000.00
Mr Martin $75,000.00

2nd jan Land & Building $60,000.00

Furniture & Fittings $15,000.00
Car Wash Machineries $10,000.00
to bank $85,000.00

3rd jan Honda Accord $20,000.00

Toyota Prius $25,000.00
Volkswagen Passat $15,000.00
to bank $60,000.00

3rd jan Water exp ac dr $50.00

to Clarksville Utilities $50.00

4th jan Organic Scent Sachet $300.00

Car Vent Perfume $375.00
Lavender Freshner Gel $100.00
to Ocean Star Inc $775.00

5th jan prepaid cleaning exp dr $2,750.00

cleaning exp dr $250.00
to bank $3,000.00

6th jan Clarksville Utilities dr $50.00

to bank $50.00

7th jan insurance exp ac dr $750.00

to cash $750.00

8th jan bank $176.40

service charge $3.60
to rent $180.00

9th Emmanuel ac dr 2*25=50

to sales $50.00

10-Jan Simon ac dr 30*3=90

to sales $90.00

11-Jan bank ac dr $100.00

to service cahrge (revenue) $100.00

13-Jan bank ac dr $88.20

service charge 2% $1.80
 to sales $90.00

14-Jan bank ac dr $70.00

to sales $70.00

15-Jan bank ac dr $73.50

service charge 2% $1.50
to sales $75.00

15-Jan Machine Maintenance exp ac dr $100.00

to bank ac $100.00

16-Jan cash ac dr $150.00

to sales $150.00

17-Jan Venky ac dr $240.00

to sales $240.00

17-Jan cash ac dr $90.00

to simon ac $90.00

18-Jan bank ac dr $150.00

to sales $150.00

19-Jan cash ac dr $50.00

to Emmanuel ac $50.00

19-Jan cash ac dr $350.00

to sales $350.00

20-Jan bank ac dr $50.00

to sales $50.00

21-Jan cash ac dr $300.00

to sales $300.00

22-Jan bank ac dr $660.00

to sales $660.00

23-Jan cash ac dr $550.00

to sales $550.00

24-Jan bank ac dr $250.00

to sales $250.00

25-Jan alex ac dr $600.00

to sales $600.00

26-Jan cash ac dr $300.00

to sales $300.00
 27-Jan alex ac dr $35.00
to sales $35.00

27-Jan cash ac dr $240.00

to Venky ac $240.00

28-Jan bank ac dr $98.00

service charge 2% $2.00
to sales $100.00

29-Jan cash ac dr $360.00

to sales $360.00

30-Jan vencky ac dr $60.00

to sales $60.00

31-Jan bank ac dr $70.00

to sales $70.00

31-Jan Garbage Clearing exp ac dr $75.00

to bank $75.00

31-Jan sales return ac dr 2*35=70

to cash ac $70.00

31-Jan sales return ac dr $35.00

to account recievable $35.00

31-Jan sales retun ac dr $70.00

to bank $70.00

31-Jan Electricity & Gas exp ac dr $300.00

to Pacific Gas & Electric ac $300.00

31-Jan Internet & Telephone exp ac dr $30.00

to AT&T Internet Services Inc. $30.00

1st feb purchase stock $750.00

to accounts payble $750.00

1st feb Digital Marketing Services exp ac dr $600.00

to WebX Technologies Inc. $600.00

2nd feb

3rd feb Water exp ac dr $50.00

to Super Clean Inc $50.00

6th feb Clarksville Utilities dr $50.00

 to bank $50.00

5th feb Mobile Phone Rentals exp ac dr $150.00

to Ever Phone Inc. $150.00

9th feb cash ac dr $60.00

to vencky ac $60.00

10th feb bank ac dr $88.20

service free $1.80
to sales $90.00

11th feb bank dr $70.00

to sales $70.00

15th feb bank ac dr $73.50

service free $1.50
to sales $75.00

15-Feb Machine Maintenance exp ac dr $120.00

to bank ac $120.00

19th feb bank dr $150.00

to sales $150.00

19th feb cash ac dr $350.00

to sales $350.00

20th feb Venky $60.00

to sales $60.00

20th feb AT&T Internet Services Inc ac dr $30.00

to bank $30.00

20th feb Ever Phone Inc. ac dr $150.00

to bank $150.00

21th feb bank dr $70.00

to sales $70.00

21th feb WebX Technologies Inc. ac dr $600.00

to bank $600.00

25-Feb cash ac dr $300.00

to sales $300.00

25-Feb Alex $35.00

to sales $35.00

28-Feb bank ac dr $98.00

service free $2.00
 to sales $100.00

28-Feb Garbage Clearing exp ac dr $90.00

to bank $90.00

28-Feb Internet & Telephone exp ac dr $45.00

to AT&T Internet Services Inc. $45.00

28-Feb Electricity & Gas exp ac dr $350.00

to Pacific Gas & Electric $350.00

1st march Digital Marketing Services exp ac dr $650.00

to WebX Technologies Inc. $650.00

3rd march purchase stock $900.00

to accounts payble $900.00

3rd march Water exp ac dr $60.00

to Super Clean Inc $60.00

4th march alex ac dr $70.00

to sales $70.00

5th march Mobile Phone Rentals exp ac dr $175.00

to Ever Phone Inc. $175.00

6th march Clarksville Utilities dr $60.00

to bank $60.00

10th march cash ac dr $385.00

to sales $385.00

11th march bank ac dr $98.00

service free $2.00
to sales $100.00

12 th march cash ac dr $35.00

to alex $35.00

12th march bank dr $180.00

to sales $180.00

14th march bank ac dr $147.00

service free $3.00
to sales $150.00

15th march Machine Maintenance exp ac dr $120.00

to bank ac $120.00

19 th march cash ac dr $70.00

 to alex $70.00

20 th march cash ac dr $330.00

to sales $330.00

20 th march Ever Phone Inc. ac dr $175.00

to bank $175.00

20 th march AT&T Internet Services Inc ac dr $45.00

to bank $45.00

21th march WebX Technologies Inc. ac dr $650.00

to bank $650.00

30th march Venky ac dr $120.00

to sales $120.00

30th march Pacific Gas & Electric ac dr $350.00

to bank $350.00

31st march bank dr $140.00

to sales $140.00

31st march Electricity & Gas exp ac dr $450.00

to Pacific Gas & Electric $450.00

31st march Internet & Telephone exp ac dr $45.00

to AT&T Internet Services Inc. $45.00

31st march Mobile Phone Rentals exp ac dr $150.00

to Ever Phone Inc. $150.00
Y ZOOM CAR
notes note no

invoice raiced payment after 3 days 1.2

payment done 1.2

(10 days to due date) 1

(7days to due date) 2

payment done same date 1.3

(10 day payment term) 27 jan 3

(payment recevied ) 2

(payment recevied ) 1

payment term 15 days (feb 9) 4

payment term 15 days (feb 11) 5

(payment recevied ) 17 jan 3

payment term 10 days (feb 9) 6

payment done 1.7

sales return

(sales retun on jan 27) 5

(sales retun of jan 14 sale)

(invoive raising paymet after 30 day ) march2 1.1

(invoive raising paymet after 20 day ) feb 20 1.4

(invoive raising paymet after 20 day ) feb 21 1.6

(invoive raised paymet after 3 day ) feb6 1.2

payment done 1.2

(invoive raised paymet after 15day ) feb 20 1.5

(payment recevied ) jan 30 6

payment done same date 2.3

(payment period 15 day) march 7 7

payment done 1.4

payment done 1.5

payent done 1.6

(payment period 15 day) march 12 8

payment done 2.7

(invoive raising paymet after 20 day ) march 20 2.4

(invoive raised paymet after 30 day ) march30 2.1

(invoive raising paymet after 20 day ) march21 2.6

stock purchase

(invoive raised paymet after 3 day ) march6 2.2

(payment period 15 day) march 19 9

(invoive raised paymet after 15day ) march 20 2.5

payment done 2.2

(payment recevied ) feb25 8

payment done same date 3.3

(payment recevied ) march 4 9

payment done 2.5

payment done 2.4

payent done 2.6

(payment period 10 day) april 9 10

(invoive raised paymet after 30 day ) april30 3.1

(invoive raising paymet after 20 day ) april 20 3.4

(invoive raised paymet after 15day ) april 15 3.5