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M6 Lessons1-3

The document contains accounting transactions and financial statements for Juancho-choo Delivery Services for the month of September 2015, including an unadjusted trial balance, income statement, statement of owner's equity, and balance sheet, showing the company generated a net income of ₱18,000 for the month.

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Marielle Sison
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© © All Rights Reserved
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Download as XLSX, PDF, TXT or read online on Scribd
56 views

M6 Lessons1-3

The document contains accounting transactions and financial statements for Juancho-choo Delivery Services for the month of September 2015, including an unadjusted trial balance, income statement, statement of owner's equity, and balance sheet, showing the company generated a net income of ₱18,000 for the month.

Uploaded by

Marielle Sison
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Cash 100,000.

00 x
Vehicle 200,000.00 x
1
Furniture 30,000.00 x
Juancho, Capital 330,000.00 x
Salaries Expense 42,000.00 x
2
Accounts Payable 42,000.00 x
Equipment 40,000.00 x
3 Cash 20,000.00 x
Notes Payable 20,000.00 x
Supplies 8,000.00 x
4
Cash 8,000.00 x
Cash 40,000.00 x
6
Delivery Service Revenue 40,000.00 x
Accounts Receivable 30,000.00 x
9
Delivery Service Revenue 30,000.00 x
Advertising Expense 5,000.00 x
10
Cash 5,000.00 x
Notes Payable 20,000.00 x
14
Cash 20,000.00 x
Accounts Payable 21,000.00 x
15
Cash 21,000.00 x
Utilities Expense 12,000.00 x
17
Cash 12,000.00 x
Rent Expense 10,000.00 x
18
Cash 10,000.00 x
Supplies Expense 3,000.00 x
20
Supplies 3,000.00 x
Cash 15,000.00 x
22
Accounts Receivable 15,000.00 x
Juancho, Drawings 10,000.00 x
25
Cash 10,000.00 x
Cash 20,000.00 x
27
Delivery Service Revenue 20,000.00 x
Accounts Payable 21,000.00 x
30
Cash 21,000.00 x
Assets
Cash Accounts Receivable Supplies
100,000.00 20,000.00 30,000.00 15,000.00 8,000.00
40,000.00 8,000.00 15,000.00 5,000.00
15,000.00 5,000.00
20,000.00 20,000.00
21,000.00 Furniture Equipment
12,000.00 30,000.00 40,000.00
10,000.00
10,000.00
21,000.00 Vehicle
48,000.00 200,000.00

Liabilities
Accounts Payable Notes Payable
21,000.00 42,000.00 20,000.00 20,000.00
21,000.00 -
-

Equity
Juancho, Capital Juancho, Drawings
330,000.00 10,000.00

Revenues
Delivery Service Revenue
40,000.00
30,000.00
20,000.00
90,000.00
Expenses
Advertising Expense Rent Epense Salaries Expense
5,000.00 10,000.00 42,000.00

Utilities Expense Supplies Expense


12,000.00 3,000.00
Unadjusted Trial Balance
Juancho-choo Delivery Services
3,000.00 September 2015.
Cash 48,000.00
Accounts Receivable 15,000.00
Supplies 5,000.00
Furniture 30,000.00
Equipment 40,000.00
Vehicle 200,000.00
Juancho, Capital
Juancho, Drawings 10,000.00
Service Revenues
Advertising Expense 5,000.00
Rent Expense 10,000.00
Salaries Expense 42,000.00
Utilities Expense 12,000.00
Supplies Expense 3,000.00
Total 420,000.00

laries Expense
al Balance
very Services
2015.

330,000.00

90,000.00

420,000.00
Juancho-choo Delivery Services
Income Statement
For the month ended September 2015
INCOME
Service Fees ₱ 90,000.00

EXPENSES
Advertising Expense 5,000.00
Rent Expense 10,000.00
Salaries Expense 42,000.00
Utilities Expense 12,000.00
Supplies Expense 3,000.00
TOTAL EXPENSES ₱ 72,000.00

NET INCOME ₱ 18,000.00


Juancho-choo Delivery Services
Statement of Changes in Owner's Equity
for the month ended September 2015
Juancho, Capital -
Add: Investments 330,000.00
Net Income 18,000.00
Less: Juancho, drawing (10,000.00)
Total Owner's Equity ₱ 338,000.00
Juancho-choo Delivery Services
Balance Sheet
for the month ended September 2015
ASSETS
Cash ₱ 48,000.00
Accounts Receivable 15,000.00
Supplies 5,000.00
Furniture 30,000.00
Total Current Assets 98,000.00

Equipment 40,000.00
Vehicle 200,000.00
Total Non-current Assets 240,000.00

Total Assets ₱ 338,000.00

EQUITY
Juancho, Capital -
Add: Investments 330,000.00
Net Income 18,000.00
Less: Juancho, drawing (10,000.00)
Total Owner's Equity ₱ 338,000.00

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