Professional Documents
Culture Documents
T-Accounts - January Answers
T-Accounts - January Answers
T-Accounts - January Answers
1,000,000 EB
EB 50,000 EB 40,000
70,000 20,000
Sales revenue (Income) Other Expense (Expense)
Debit Credit Debit
300,000 Sales Revenue 20,000
300,000 20,000
150,000
EB 120,000
2,500 30,278
Accumulated Depreciation
Payroll Payable (Liabilities) (Contra Asset) - Building
Debit Credit Debit
0 BB
30,000 Wage accrual
40,000 Salary accrual
70,000 EB
Accumulated Depreciation
(Contra Asset) - Equipment
Debit
ilding (Asset)
Credit
Building purchase
oan (liability)
Credit
0 BB
9,600,000 Building purchase
9,600,000 EB
BB
Financing Initial investment
e inventory (Asset)
Credit Financing Loan
Beverage inventory purchase
60,000 Cost of sales of beverage inventory
EB
expense (Expense)
Credit
Utility payment
Expense (Expense)
Credit
Other expenses payment
f sales (Expense)
Credit
Cost of sales of food inventory
Cost of sales of beverage inventory
ciation (Expense)
Credit
Depreciation of building
Depreciation of equipment
lated Depreciation
a Asset) - Building
Credit
0 BB
27,778 Depreciation of building
27,778 EB
lated Depreciation
Asset) - Equipment
Credit
0 BB
2,500 Depreciation of quipment
2,500 EB
WC = CA- CL
Beshbarmak Restau
Beshbarmak Restaurant Balance sheet as of Janua
Income statement for January, 202X In KZT
In KZT
Sales revenue 300,000 Assets
Cost of sales -150,000 Current assets
Gross margin 150,000 Cash 530,000
Credit cards 120,000
Expenses: Prepaid insu 27,500
Wages -80,000 Food invento 50,000
Salaries -70,000 Beverage inv 40,000
Utilities -20,000 Total curren 767,500
Other -20,000 Accumulat
Long-term assets
Insurance -2,500 ed
Building 10,000,000
depreciatio
n of
Depreciation -30,278 Building -27,778
Building,
Total expenses -222,778 net amount 9,972,222
Accumulat
Equipment 120,000
ed
depreciatio
Net operating income/ n of
loss -72,778 Equipment
Equipment, -2,500
net amount 117,500
Total long-t 10,089,722
Cash (Asset)
Debit Credit
0
1,000,000
10,000,000 Building purchase Investing
9,600,000
100,000 Beverage inventory purchase Operating
30,000 insurance payment for 1 year Operating
50,000 Wage payment Operating
30,000 Salary payment Operating
20,000 Utility payment Operating
180,000
20,000 Other expenses payment Operating
530,000
ng activities
tomers 180,000
-170,000
-80,000
rating -70,000
g activities
-10,000,000
sting -10,000,000
ng activities
1,000,000
9,600,000 91%
ancing activities 10,600,000
530,000
0
530,000
check -
Beshbarmak Restaurant
ce sheet as of January 31, 202X
In KZT
Liabilities and Owner’s Equity
Liabilities
Current liabilities
Accounts payable 260,000
Payroll payable 70,000
Total current liabilities 330,000
Long-term liabilities
Loan from bank 9,600,000
Total long-term liability 9,600,000
Total liabilities 9,930,000
BB 01.01.20XX
Owner’s Equity Investment from owner
Raimbek's Capital 1,000,000 Loss for January
Suppliers
Suppliers
Employees
Employees
Suppliers
Suppliers
-72,778
30,278
2,500
-120,000 addition
-50,000
-40,000
-30,000
140,000 without equipment, Equipment purchase investing activities transaction
70,000
-30,000
check
-70,000 0
-10,000,000
9600000
1,000,000
10,600,000
530,000
0
530,000
Beshbarmak Restaurant
Changing in equity statement
For the month ended January 31, 202X in KZT
Owners Capital Retain Earning
Balance on January 1, 202X 0 0
Investment 1,000,000
Net income/loss -72,778
Balance on January 31, 202X 1,000,000 -72,778
check
vities transaction
Total owner's equity
0
1,000,000
-72,778
927,222
0
All amounts in KZT
Net Cash Flow from investing activities Cash flow from investing activities
Net Cash Flow from financing activities Cash flow from investing activities
Net cash flow increase Net Cash Flow from financing activities