MR. Rosiak Perpetual [PDF]

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MR. ROSIAK FASHION CENTER ADJUSTING JOURNAL 31 December 2014 Date 2014 December



Description Account



Ref



Debit



31 Supplies Expense - Supplies



$



4,100



31 Depreciation Expense - Accumulated Depr.of Equip



$



11,500



31 Interest Expense - Interest Payable



$



4,000



31 Cost of Good Sold - Merchandise Inventory



$



180



$



19,780



AMOUNT



Credit



$



4,100



$



11,500



$



4,000



$



180



$



19,780



MR. ROSIAK FAS WORKS 31 Decem Number Account 101 102 105 106 121 122 201 202 203 301 302 303 401 402 501 502 503 504 505 506 507 508 509 510



Account Name Cash Accounts Receivable Merchandise Inventory Supplies Equipment Accumulated Depr.of Equipment Notes Payable Accounts Payable Interest Payable Share Capital Ordinary Retairned Earnings Dividen Sales Sales Return and Allowance Cost of Good Sold Wages & Salaries Expense Advertising Expense Utilities Expense Repair & Maintaining Expense Freight Out Rent Expense Supplies Expense Depreciation Expense Interest Expense AMOUNT



Trial Balance $ $ $ $ $



$ $ $ $ $ $ $ $ $



$



Adjusting



8,700 27,700 44,700 6,200 133,000 $ $ $



23,000 51,000 48,500



$ $



50,000 38,000



$



755,200



8,000 12,800 497,400 136,000 24,400 14,000 12,100 16,700 24,000



965,700 $



$



180



$ $ $



4,100 11,500 4,000



965,700 $



19,780



MR. ROSIAK FASHION CENTER WORKSHEET 31 December 2014 Adjusting



$ $ $



$



Trial Balance After Adjusting $ $ 180 $ 4,100 $ $ 11,500



$ $ $ $ $ $ $ $ $ $ $ $



8,700 27,700 44,520 2,100 133,000



4,000



$



19,780 $



Income Statement



$ $ $ $ $ $



34,500 51,000 48,500 4,000 50,000 38,000



$



755,200



8,000 12,800 497,580 136,000 24,400 14,000 12,100 16,700 24,000 4,100 11,500 4,000



$ $ $ $ $ $ $ $ $ $ $



981,200 $



981,200 $



Rugi Netto $



$



755,200



757,180 $



755,200



$ 757,180 $



1,980 757,180



12,800 497,580 136,000 24,400 14,000 12,100 16,700 24,000 4,100 11,500 4,000



Balance Sheet $ $ $ $ $



8,700 27,700 44,520 2,100 133,000 $ $ $ $ $ $



34,500 51,000 48,500 4,000 50,000 38,000



$



8,000



$



224,020 $



226,000



$ $



1,980 226,000 $



226,000



MR. ROSIAK FASHION AND CENTER INCOME STATEMENT 31 December 2014 Sales/Income : Sales Revenue Sales Return & Allowance Net Sales



$ $



755,200 12,800



:



Cost of Good Sold Gross Profit



$



742,400.00



$ $



497,580.00 244,820.00



$ $



242,800.00 2,020.00



$ $



4,000.00 -1,980.00



Operating Expense Wages & Salaries Expense Advertising Expense Utilities Expense Repair & Maintaining Expense Freight Out Rent Expense Supplies Expense Depreciation Expense Net Operating Expense Operating Profit Other Expense & Income Interest Expense Net Other Expense & Income Net Loss



$ $ $ $ $ $ $ $



$



136,000 24,400 14,000 12,100 16,700 24,000 4,100 11,500



4,000



-



-



-



MR. ROSIAK FASHION AND CENTER RETAIRNED STATEMENT 31 December 2014 Retairned Earnings 1 January 2014 Loss Profit Devidend Decrease Retairned Earnings 31 December 2014



$ $



$



38,000.00



$ $



-9,980.00 28,020.00



-1,980.00 8,000.00



MR. ROSIAK FASHION AND CENTER FINANCIAL POSITION STATEMENT 31 December 2014 Aktiva Asset Current Asset Cash Accounts Receivable Merchandise Inventory Supplies Net Current Asset Fixed Asset Equipment Accumulated Depreciation of Equipment Net Fixed Asset Amount Aktiva



$ $ $ $



$ $



8,700.00 27,700.00 44,520.00 2,100.00 $



83,020.00



$



98,500.00



$



181,520.00



133,000.00 34,500.00



HION AND CENTER TION STATEMENT mber 2014 Passiva Liabilities Current Liabilities Notes Payable Accounts Payable Interest Payable



$ $ $



51,000.00 48,500.00 4,000.00



Net Liabilities



$



103,500.00



$ $



78,020.00 181,520.00



Equity Share Capital Ordinary Retairned Earnings Net Equity Amount Passiva



$ $



50,000.00 28,020.00



MR. ROSIAK FASHION AND CENTER CLOSING JOURNAL 31 December 2014 Date 2014 December



Description Account



Ref



Debit



31 Sales Income Summary



$



755,200.00



31 Income Summary Sales Return & Allowance Cost Of Good Sold Wages & Salaries Expense Advertising Expense Utilities Expense Repair & Maintenance Expense Freight Out Rent Expense Supplies Expense Depreciation Expense Interest Expense



$



757,180.00



31 Retairned Earnings Income Summary



$



1,980.00



31 Retairned Earnings Dividend Amount



$



8,000.00



$



1,522,360.00



Credit



$



755,200.00



$ $ $ $ $ $ $ $ $ $ $



12,800.00 497,580.00 136,000.00 24,400.00 14,000.00 12,100.00 16,700.00 24,000.00 4,100.00 11,500.00 4,000.00



$



1,980.00



$ $



8,000.00 1,522,360.00



MR. ROSIAK FASHION AND CENTER TRIAL BALANCE AFTER CLOSING 31 December 2014 Number Account 101 102 105 106 121 122 201 202 203 301 302



Account Name Cash Accounts Receivabe Merchandise Inventory Supplies Equipment Accumulated Depr.of Equipment Notes Payable Account Payable Interest Payable Share Capital Ordinary Retairned Earnings AMOUNT



Debit $ $ $ $ $



8,700.00 27,700.00 44,520.00 2,100.00 133,000.00



$



$ $ $ $ $ $ 216,020.00 $



Credit



34,500.00 51,000.00 48,500.00 4,000.00 50,000.00 28,020.00 216,020.00