Octane service Station.xlsx

Journal Entry Date

Debit

Descrip ipon item No. 1 Cash

$

Credit

20,000.00

Capial (OE)

$

Inital Cash in hand 20,000.00 Invesed in Saton

$

20,000.00

$

%sses !2,"#.00 *o pa o ocane

$

!#,2/.00

item No. 2 $

Guaranee deposi

20,000.00

Cash item No. 3 Equipen

$

Credied o Ocane

!2,"#.00

&oes 'ale item No. 4 $ $ $

+erchandise Invenor Invenor 'repaid E-pences (enal) o1n paen

!,20.00 !,/20.00 2,#.00

Guaranee deposi item No. 5 Cash

$

2,#.00

Guaranee deposi item No. 6 Cash

$

$

$

#,000.00 Increase in Capial

$

!,40.00

$

500.00

$

45,!0.00

#,000.00

Capial (OE) item No. 7 Equipen (3urniure)

$

eposied o %c 2,#.00 Incre Increase ase in in o1ner o1ner E

!,40.00

Cash

%sses

item No.  $

'repaid e-penses (Insurance)

500.00

Cash item No. ! Cash

$

45,!0.00

sales item No. 1" $

Cash

00.00 $ $

Oher incoe de6erred revenue

#.00 3or / onh !2.00 3ron &e- ! das

item No. 11 $

Invenor

//,45/.00

Cash item No. 12 en e-pense

$

$

//,45/.00

$

2,0!".00

$

5,/0.00 (Cash paen)

$

!,/50.00

2,0!".00

Cash item # 13 $

Salaries e-pense

5,/0.00

Cash item # 14 7tlites e-pense %dvertsin8 e-pense iscellaneous e-penses

$ $ $

//.00 450.00 .00

Cash item # 15 Capial (OE)

$ Cash

item # 16

4,#0.00

1ihdra1 1ihdra1  *revi *revin n $

4,#0.00

$

%ccouns eceivale

!55.00 $

Incoe 6ro services item # 17 Capial (OE)

$

$

!55.00

#5.00

Invenor item # 1 Invenor

(1ido19re8 Cus)

$

#5.00 as used  hisel6

$

!,"0/.00 7npaid ills result

$

#.00 en paale ;8ure

!,"0/.00

es o pa item # 1! $

en e-pense

#.00

es o pa item # 2" 7tlites e-pense

$

/2.00 $

/2.00

$

22.00

$

40.00

$

$ 22"%"11."" $

40.00 22"%"11.""

es o pa item # 21 E-penses paid

$

22.00


&d'ustment items &d'ustment item # &1 en e-pense 'repaid e-penses &d'ustment item # &2 Insurance e-pense 'repaid e-penses &d'ustment item # &3 Sales cos Invenor &d'ustment item # &4 epreciaton e-pense %ccuulaed depreciaton

$

!,/20.00

*o ad>us renal 6ee $

$

!0.00 $

$

!,/20.00 (500!2)?2 !0.00 *o ad>us insurance

/5,25!.00 $

/5,25!.00

$

/#.00

$ $

$ !,!".00 $ 2#!,25.00 $

/#.00 !,!".00 2#!,25.00

 &ssets !  4

$ $

Cas( 20,000.00 $ 2,#.00 $

20,000.00 !,40.00

$

#,000.00 $

500.00

5

$

45,!0.00 $

!0

$

00.00 $ $ $ $

2 # "

! !#

$ $

Capital )*E+ 4,#0.00 $ 20,000.00 #5.00 $ #,000.00

$

4,"25.00 $

2#,000.00

$

20,!#!.00

//,45/.00 !! 2,0!".00 !2 5,/0.00 ! !,/50.00 !/ 4,#0.00 !

! 4

Notes ,ayble $

55,#4.00 $

$

!2,"!.00

2 $ q $ $

/ $ !! $ !" $

"4,52.00

$

/uarantee deposit 20,000.00 $ !#,2/.00 $ 2,#.00 20,000.00 $ @

/ $

5,#/".00 $

$

!0,0!".00

!2,"#.00

!0,00.00

/ 

$

@

20,000.00

! $ 2! $

/5,#0.00

$

$

!55.00

$

!55.00

Epenses or salaries 5,/0.00 22.00 5,4"2.00

&dersin epense Euipment  $

!2,"#.00

# $

!,40.00

$

!/,2.00

!/ $

450.00

miscellaneous epenses !/ $

/ "

$ $

,repaid epenses !,/20.00 $ !,/20.00 %! 500.00 $ !0.00 %2

$

2,20.00 $

$

#0.00

*t(er income $



-erice reenues $ !55.00 !4

0erc(andise nentory !,20.00 $ #5.00 !# //,45/.00 $ 40.00 22 !,"0/.00 $ /5,25!.00 %

$

2,#.00 $

!,#0.00

.00

Depreciaon epense %/

%2

$

$

/#.00

nsurance epenses !0.00

#.00 !0

&ccumulated depreciaon

$

/#.00 %/

deerred reenue $ !2.00 !0

aes to pay $ 8 6ro operaton in :une 6or erchandise sales $

45,!0.00

d a $0,0/ per 8allon

!2 !5 %!

!/ 20 6or he onh o6 +a.

$ $ $ $

ncome epense 2,0!".00 #.00 !,/20.00 ,!.00

$

lity epenses //.00

$

/2.00

$

"#0.00

paen 6or one ear, (2 !4 $

22 $ % $ $

&ccounts 8eceiable !55.00

-ales cost 40.00 /5,25!.00 /5,4!.00 $

@

5

22.00 2!

Debts to pay $ $ $

@

@

!,"0/.00 #.00

$

/2.00

$

2,0/.00

$

2,0/.00

!" !5 20

Julio 9reino )*ctane -erice -taon+ &d'usted 9rial :alance June 3" &ccount Cash %ccouns eceivale +erchandise Invenor 'repaid e-penses Equipen %ccuulaed depreciaton es o pa %ouns o 'a
Dr

Cr !2,"!.00 !55.00 !0,0!".00 #0.00 !/,2.00 /#.00 2,0/.00 !0,00.00 22.00 20,!#!.00 45,!0.00 #.00 !2.00 !55.00 ,!.00 "#0.00 /5,4!.00 5,4"2.00 450.00 .00 /#.00 !0.00 1"3%673."" @

1"3%673.""

ncome -tatement ;rom "1 0ay to 3" June evenues 6ro sales

$

Oher incoe *oal incoe Sales cos Gross 'ro; on Sales Operatn8 e-penses Incoe e-pense 7tli e-penses E-penses 6or salaries %dvertsin8 e-pense iscellaneous e-penses epreciaton e-pense Insurance e-penses

$ 455.00 $ #0,205.00 $ /5,4!.00 $ 2"%55.""

*oal spends Operatn8 incoe Incoe *a- !0A &e pro;

$ $ $ $ $ $ $

45,!0.00

,!.00 "#0.00 5,4"2.00 450.00 .00 /#.00 !0.00 $ !,#!#.00 $ 4%41."" $ /"/.!0 $ 4%356.!"

0.!

Cash %ccouns eceivale Invenor E-penses paid in advance 9otal Current &ssets

$ $ $ $ $

Equipen

$

%ccuulaed depreciaton

$

9otal Non=Current &ssets

$

:alance s(eet ;rom "1 0ay to 3" June !2,"!.00 es o pa !55.00
$

2,0/.00 22.00

$

2%536.""

$

!0,00.00

$

12%36.""

$

20,!#!.00

$

/,"/!.00

$ $

25%"12."" 37%4.""

!/,2.00 @/#.00 9otal
14%"6."" Social capial Capial 7tlites (Operatons)

9otal &ssets

$ $

9otal Capital 37%4."" 9otal