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Forest City Tennis Club - Pro Shop and Bar Lounge

The document outlines financial activities for a business from July 1, 2023, to June 30, 2024, detailing cash flows from operating, investing, and financing activities. It includes an income and expenses statement, a balance sheet, and a cash flow statement, highlighting revenues, expenses, and asset management. Key figures include total assets of 142,269 and total liabilities of 124,793, with significant cash inflows from equity investment and sales.

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g25072
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24 views38 pages

Forest City Tennis Club - Pro Shop and Bar Lounge

The document outlines financial activities for a business from July 1, 2023, to June 30, 2024, detailing cash flows from operating, investing, and financing activities. It includes an income and expenses statement, a balance sheet, and a cash flow statement, highlighting revenues, expenses, and asset management. Key figures include total assets of 142,269 and total liabilities of 124,793, with significant cash inflows from equity investment and sales.

Uploaded by

g25072
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 38

Type of Cash Flow

July 1, 2023 Equity Investment F


July 1, 2023 Purchased Inventory O
July 1, 2023 Purchased Assets I
June 30, 2024 Pro Shop Sales O
June 30, 2024 Match Fee Revenue O
June 30, 2024 Instruction Revenue O
June 30, 2024 Liquor Sales O
June 30, 2024 Other revenue O
June 30, 2024 Rent Expenses O
June 30, 2024 Prepaid Rent O
June 30, 2024 Fixtures I
June 30, 2024 Pro Shop Inventory O
June 30, 2033 Liquor Inventory O
June 30, 2034 Salaries and Wages Expenses O
June 1, 2024 Fixtures Bought on Credit
June 18, 2024 Bought Proshop Inventory on Credit
June 30, 2024 Depreciation Expenses
June 30, 2024 Inventory Consumed
June 30, 2025 Income Tax Expenses
Pro Shop Inventory

Liquor Inventory

Prepaid Rent
Glassware
Fixtures
Cash

100,000
-30,000 16,340 13,660
-15,000 11,000 4,000
53,700
22,650
45,600
64,550
3,050
-18,000
-1,500 1,500
-8,400 8,400
-26,650 26,650
-14,400 14,400
-103,500
4,200
2,000
-2,331 -2,000
-27,110 -16,140

72,100 17,880 11,920 21,269 2,000 1,500


Accounts receivable

Income Tax Payable


Advance Revenue
Accounts Payable
Retained Earning
Equity

100,000

53,700
600 23,250
15,000 60,600
63,900 650
3,050
-18,000

-103,500
4,200
2,000
-4,331
-43,250
-10,626 10,626
15,600 100,000 24,793 6,200 650 10,626
142,269 142,269
A
A
A
Entry Types
Income and Expenses Statement for the Period 1 July 2023 to
30th June 2024
Pro Shop Sales 53,700
Match Fee Revenue 23,250
Instruction Revenue 60,600
Liquor Sales 63,900
Other revenue 3,050
Revenu
Cost of Sales
Operating Profit
Rent Expenses -18,000
Salaries and Wages Expenses -103,500
EBDIAT
Depreciation Expenses
EBIT
Income Tax Expenses
EAT

Balance Sheet as on 30th June 2024


Assets
Non Current Assets
Fixtures 21,269
Glassware 2,000
Total Non Current Assets
Current Assets
Pro Shop Inventory 17,880
Liquor Inventory 11,920
Prepaid Rent 1,500
Accounts receivable 15,600
Cash 72,100
Total Current Assets
Total Assets
Liabilities
Non Current Liabilities
Equity 100,000
Retained Earning 24,793
Total Non Curren Liabilities
Current Liabilities
Accounts Payable 6,200
Advance Revenue 650
Income Tax Payable 10,626
Total current Liabilities
Total Liabilities

Cash Flow Statement for the Period 1 July 2023 to 30th June
2024
Cash Flow from Operating Activities
Pro Shop Sales 53,700
Match Fee Revenue 22,650
Instruction Revenue 45,600
Liquor Sales 64,550
Other revenue 3,050
Purchased Inventory -30,000
Rent Expenses -18,000
Prepaid Rent -1,500
Pro Shop Inventory -26,650
Liquor Inventory -14,400
Salaries and Wages Expenses -103,500
Cash flow from Opertaing Activities
Cash Flow from Investment Activities

Purchased Assets -15000


Fixtures -8400
Cash flow from Investment Activities
Cash Flow from Financing Activities
Equity Investment 100000
Cash flow from Financing Activities
Closing cash Balance
riod 1 July 2023 to

204,500
-43,250
161,250

-121,500
39,750
-4,331
35,419
-10,626
24,793

2024

23,269

119,000
142,269

124,793

17,476
142,269

2023 to 30th June

vities

-4500
ivities
-23400
vities

100000
72100
Type of Cash Flow
July 1, 2023 Equity Investment F
July 1, 2023 Purchased Inventory O
July 1, 2023 Purchased Assets I
June 30, 2024 Pro Shop Sales O
June 30, 2024 Match Fee Revenue O
June 30, 2024 Instruction Revenue O
June 30, 2024 Liquor Sales O
June 30, 2024 Other revenue O
June 30, 2024 Rent Expenses O
June 30, 2024 Prepaid Rent O
June 30, 2024 Fixtures I
June 30, 2024 Pro Shop Inventory O
June 30, 2033 Liquor Inventory O
June 30, 2034 Salaries and Wages Expenses O
June 1, 2024 Fixtures Bought on Credit
June 18, 2024 Bought Proshop Inventory on Credit
June 30, 2024 Depreciation Expenses
June 30, 2024 Inventory Consumed
June 30, 2025 Income Tax Expenses
Pro Shop Inventory

Liquor Inventory
Cash
Dr

Dr

Dr
Cr

Cr
100,000
-30,000 16,340 13,660
-15,000
53,700
22,650
45,600
64,550
3,050
-18,000
-1,500
-8,400
-26,650 26,650
-14,400 14,400
-103,500

2,000

-27,110

289,550 -217,450 44,990 -27,110 28,060


72,100 17,880 11,920
Liquor Inventory

Prepaid Rent
Glassware
Fixtures
Dr

Dr

Dr
Cr

Cr

Cr
11,000 4,000

1,500
8,400

4,200

-2,331 -2,000
-16,140

-16,140 23,600 -2,331 4,000 -2,000 1,500


21,269 2,000 1,500
Accounts Receivable
Prepaid Rent

Equity
Dr

Dr
Cr

Cr

Cr
100,000

600
15,000

- 15,600 - - 100,000
15,600 100,000
142,269 142,269
Advance Revenue
Accounts Payable
Retained Earning
Dr

Dr

Dr
Cr

Cr

Cr
53,700
23,250
60,600
63,900 650
3,050
-18,000

-103,500
4,200
2,000
-4,331
-43,250
-10,626
-179,707 204,500 - 6,200 - 650
204,500 6,200 6,200 650
Dr

-
Income Tax Payable

Cr

10,626
10,626
10,626
Type of Cash Flow
Narration

July 1, 2023 Equity Investment F


July 1, 2023 Purchased Inventory O
July 1, 2023 Purchased Assets I
June 30, 2024 Pro Shop Sales O
June 30, 2024 Match Fee Revenue O
June 30, 2024 Instruction Revenue O
June 30, 2024 Liquor Sales O
June 30, 2024 Other revenue O
June 30, 2024 Rent Expenses O
June 30, 2024 Prepaid Rent O
June 30, 2024 Fixtures I
June 30, 2024 Pro Shop Inventory O
June 30, 2033 Liquor Inventory O
June 30, 2034 Salaries and Wages Expenses O
June 1, 2024 Fixtures Bought on Credit
June 18, 2024 Bought Proshop Inventory on Credit
June 30, 2024 Depreciation Expenses
June 30, 2024 Inventory Consumed
June 30, 2025 Income Tax Expenses
Trial Balance
Cash
Pro Shop Inventory
Liquor Inventory
Fixtures
Glassware
Prepaid Rent
Accounts Receivable
Equity
Sales
Rent
Salary and Wages
Depreciation
Cost of Sales
Income Tax
Accounts Payable
Advance Revenue
Income Tax Payable
Total
Pro Shop Inventory

Liquor Inventory
Cash
Dr

Dr

Dr
Cr

Cr
100,000
-30,000 16,340 13,660
-15,000
53,700
22,650
45,600
64,550
3,050
-18,000
-1,500
-8,400
-26,650 26,650
-14,400 14,400
-103,500

2,000

-27,110

289,550 -217,450 44,990 -27,110 28,060


72,100 17,880 11,920
nce
72,100
17,880
11,920
21,269
2,000
1,500
15,600
100,000
204,500
18,000
103,500
4,331
43,250
10,626
6,200
650
10,626
321,976 321,976
Liquor Inventory

Prepaid Rent
Glassware
Fixtures
Dr

Dr

Dr
Cr

Cr

Cr
11,000 4,000

1,500
8,400

4,200

-2,331 -2,000
-16,140

-16,140 23,600 -2,331 4,000 -2,000 1,500


21,269 2,000 1,500
Prepaid Rent

Cr

-
Dr

15,600
15,600
600
15,000
Accounts Receivable

Cr

-
Dr

-
Equity

Cr

100,000
100,000
100,000

-
Dr

Sales
142,269 142,269
Salary and Wages
Retained Earning

Depreciation
Sales

Rent
Dr

Dr

Dr
Cr

Cr

Cr

Cr
53,700
23,250
60,600
63,900
3,050
-18,000

-103,500

-4,331

204,500 -18,000 - -103,500 - -4,331 -


204,500 -18,000 -103,500 -4,331
Dr
Cost of Sales

-43,250
-43,250
-43,250

-
Cr

Dr
Income Tax

-10,626
-10,626
-10,626
-
Cr

Dr

-
Accounts Payable

Cr

6,200
6,200
2,000
4,200

-
Dr

Advance Revenue
Advance Revenue
Cr

650
650
650
Dr

-
Income Tax Payable

Cr

10,626
10,626
10,626
Adjusting entries that convert assets to expenses
Adjusting entries that convert liabilities to revenue
Adjusting entries for accruing unpaid expenses
Adjusting entries for accruing uncollected revenue

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