Periodic-Method-Illustrative-Problem.xlsx

Comprehensive Problem

Listed below are the Feb. 1, 2013 account balances of the Teresita Teresita Buenaor Compan! Debit

Credit

110

Cash

3 3 ,0 0 0

120

"ccounts #ecei$able

1 % 2 ,0 0 0

130

&erchandise 'n$entor

( 1 3 ,0 0 0

1(0

)upplies

* 1 ,0 0 0

1*0

+repaid 'nsurance

(  ,0 0 0

1-0

La L and

10

Buildin/

1*

"ccumulated epreciaon  Buildin/

10

4uipment

1*

"ccumulated epreciaon  4uipment

-30,000

210

"ccounts +aable

10,000

220

)alaries +aable

230

&ort/a/e +aable

2 , - 0 0 ,0 0 0

310

Buenaor, Capital

1 ,* - % ,0 0 0

320 320

Buen Buena aor or, 5ith 5ithdr draw awal alss

330

'ncome )ummar

(10

)ales

(20 (20

)al )ales #etur eturn ns and and "ll "llowance ancess

(30

)ales iscounts

*10

+urchases

*20 *20

+ur +urchas chase e #et #etur urns ns and and "llo "llowa wanc nces es

*30

+urchase i iscounts

*(0

Transportaon 'n

-10

)alaries 6 6pense

-20

)upplies 6 6pense

-30

'nsurance 6pense

-(0 -(0

epr eprec ecia iao on n 6pe 6pens nse e  Buil Buildi din/ n/

-*0 -*0 --0

epr eprec ecia iao on n 6pe 6pens nse e  4uip 4uipme men nt Transportaon 7u 7ut

-0

"d$ersin/ 6 6pense

-0

'nterest 6 6pense

-%0

&iscel cellaneous 6p 6pen ensse

( - 0 ,0 0 0 1,*0,000 3*0,000 2,310,000

5,257,000

urin/ the month of Februar 2013, the followin/ transacons occurred! Feb. Feb. 1

Coll Collec ecte ted d +11 +113, 3,00 000 0 fro from m cus custo tome merrs on on acc accou oun nt

2

+aid aid +-( +-(,0 ,000 00 of acco accoun unts ts due due les lesss dis disco coun unts ts of 38

(

+urc +urcha hase sed d merc mercha hand ndis ise, e, +10 +10,0 ,000 00.. Terms erms!! F7B F7B ship shippi pin/ n/ poi point nt99 3:10, 3:10, n:30 n:30

5,257,000

*

)old )old merc merchan handis dise e on accoun accountt to ;on


+aid +aid for for ad$ ad$er ersi sin/ n/ for for the the mont month h of of Feb Febru ruar ar , +-, +-,00 000 0



)old )old merch erchan andi dise se for cash cash,, +2*0 +2*0,0 ,000 00



+aid aid the the amou amoun nt due due from from the the Feb Feb.. ( tran transa sac con on

%

+aid +aid 'loi 'loilo lo fre frei/ i/ht ht +(,0 +(,000 00 for for del deli$ i$er erin in/ / merc mercha hand ndis ise e last last Feb. Feb. (

10

#ecei #ecei$e $ed d ret retur urns ns from from the the ;on< ;on
12

#ecei$ #ecei$ed ed pa pamen mentt from from the the ;on< ;on
1(

+aid +aid +2-, +2-,000 000 inte intere rest st on the the mor mort/ t/a/ a/e e pa paab able le

1*

+aid salaries, +*1,000

1-

)old )old merchan merchandis dise e on accoun accountt to #on< #on
1

+aid aid +(,0 +(,000 00 fre frei/ i/h ht char char/e /ess on the the sale sale of of Feb Feb.. 1-

1%

"c4 "c4uir uired sup supplie pliess for for cash cash,, +21 +21,0 ,000 00

20

+urcha +urchased sed +12*,00 +12*,000 0 of of merc merchan handis dise e from from Lo
22

+aid aid +, +,00 000 0 mi miscel scella lan neou eous e6p e6pen ense sess

23

#ecei #ecei$e $ed d pam pamen entt from from #on #on
2(

+urcha +urchased sed +33,00 +33,000 0 of mercha merchandi ndise se on on accou account nt from from "/us "/usn n Comp Compan an . Terms! erms! F7B F7B shippin/ point9 3:10, n:30

2(

+aid +aid La La +a< +a< 6pres 6presss +%,000 +%,000 frei frei/h /htt for for deli$ deli$eri erin/ n/ merch merchand andise ise ac4u ac4uir ired ed from from "/us "/usn n

2*

)old )old merc merchan handis dise e to #on< #on
2-

#ecei #ecei$e $ed d ret retur urns ns from from #on< #on
2

Buen Buena aor or wit withd hdrrew +(0 +(00, 0,00 000 0 from from the the bus busin ines esss

2

#etu #eturn rned ed mer merch chan andi dise se pur purch chas ased ed fro from m "/us "/usn n on on Feb. Feb. 2(, 2(, +2*, +2*,000 000

2

)ala )alari ries es in in the the amo amoun untt of of +*1, +*1,00 000 0 ha$ ha$e e accr accrue ued d

2

'nsur 'nsurance ance co$er co$era/e a/e with with prem premium iumss of of +2,0 +2,000 00 has has e6pir e6pired ed at at month monthen end d

2

eprec eprecia iaon on on the the buil buildin din/ / and and on on the the e4uip e4uipmen mentt for for the the mon month th amou amount nted ed to to +%,000 and +12,000 respec$el

2

)upp )uppllies on hand and am amoun ounted to +1( +1(,0 ,000 00

2

" coun countt of the the mer merch chan andi dise se in$ in$en ento tor r amo amoun unte ted d to +3% +3%,0 ,000 00

#e4uired! 1 2

+ost +ost the the Feb Feb.. 1, 1, 201 2013 3 acco accoun untt bal balan ances ces to the the led led/e /err acc accou ount nts. s. #eco #ecord rd the the tran transa saco cons ns for for the the mon month th of of Febr Februa uar r in in a =our =ourna nall and and post post the the transacons to the led/er.

3

+repare a Trial Balance

(

+repar +repare e a )ta )tatem tement ent for for +erf +erform ormanc ance, e, )ta )tatem tement ent of Chan Chan/es /es in 7wner 7wner>s >s 4uit 4uit , )tatement of Financial +osion and )tatement of Cash Flow

*

+rep +repar are e the the clos closiin/ entr entrie iess for for the the mon month th

-

+ost ost the the clos closin in/ / ent entri ries es to the the led/ led/er er acco accoun unts ts..



+rep +repar are e a +os +osttcl closi osin/ Trial rial Bal Balance ance..

*

)old )old merc merchan handis dise e on accoun accountt to ;on


+aid +aid for for ad$ ad$er ersi sin/ n/ for for the the mont month h of of Feb Febru ruar ar , +-, +-,00 000 0



)old )old merch erchan andi dise se for cash cash,, +2*0 +2*0,0 ,000 00



+aid aid the the amou amoun nt due due from from the the Feb Feb.. ( tran transa sac con on

%

+aid +aid 'loi 'loilo lo fre frei/ i/ht ht +(,0 +(,000 00 for for del deli$ i$er erin in/ / merc mercha hand ndis ise e last last Feb. Feb. (

10

#ecei #ecei$e $ed d ret retur urns ns from from the the ;on< ;on
12

#ecei$ #ecei$ed ed pa pamen mentt from from the the ;on< ;on
1(

+aid +aid +2-, +2-,000 000 inte intere rest st on the the mor mort/ t/a/ a/e e pa paab able le

1*

+aid salaries, +*1,000

1-

)old )old merchan merchandis dise e on accoun accountt to #on< #on
1

+aid aid +(,0 +(,000 00 fre frei/ i/h ht char char/e /ess on the the sale sale of of Feb Feb.. 1-

1%

"c4 "c4uir uired sup supplie pliess for for cash cash,, +21 +21,0 ,000 00

20

+urcha +urchased sed +12*,00 +12*,000 0 of of merc merchan handis dise e from from Lo
22

+aid aid +, +,00 000 0 mi miscel scella lan neou eous e6p e6pen ense sess

23

#ecei #ecei$e $ed d pam pamen entt from from #on #on
2(

+urcha +urchased sed +33,00 +33,000 0 of mercha merchandi ndise se on on accou account nt from from "/us "/usn n Comp Compan an . Terms! erms! F7B F7B shippin/ point9 3:10, n:30

2(

+aid +aid La La +a< +a< 6pres 6presss +%,000 +%,000 frei frei/h /htt for for deli$ deli$eri erin/ n/ merch merchand andise ise ac4u ac4uir ired ed from from "/us "/usn n

2*

)old )old merc merchan handis dise e to #on< #on
2-

#ecei #ecei$e $ed d ret retur urns ns from from #on< #on
2

Buen Buena aor or wit withd hdrrew +(0 +(00, 0,00 000 0 from from the the bus busin ines esss

2

#etu #eturn rned ed mer merch chan andi dise se pur purch chas ased ed fro from m "/us "/usn n on on Feb. Feb. 2(, 2(, +2*, +2*,000 000

2

)ala )alari ries es in in the the amo amoun untt of of +*1, +*1,00 000 0 ha$ ha$e e accr accrue ued d

2

'nsur 'nsurance ance co$er co$era/e a/e with with prem premium iumss of of +2,0 +2,000 00 has has e6pir e6pired ed at at month monthen end d

2

eprec eprecia iaon on on the the buil buildin din/ / and and on on the the e4uip e4uipmen mentt for for the the mon month th amou amount nted ed to to +%,000 and +12,000 respec$el

2

)upp )uppllies on hand and am amoun ounted to +1( +1(,0 ,000 00

2

" coun countt of the the mer merch chan andi dise se in$ in$en ento tor r amo amoun unte ted d to +3% +3%,0 ,000 00

#e4uired! 1 2

+ost +ost the the Feb Feb.. 1, 1, 201 2013 3 acco accoun untt bal balan ances ces to the the led led/e /err acc accou ount nts. s. #eco #ecord rd the the tran transa saco cons ns for for the the mon month th of of Febr Februa uar r in in a =our =ourna nall and and post post the the transacons to the led/er.

3

+repare a Trial Balance

(

+repar +repare e a )ta )tatem tement ent for for +erf +erform ormanc ance, e, )ta )tatem tement ent of Chan Chan/es /es in 7wner 7wner>s >s 4uit 4uit , )tatement of Financial +osion and )tatement of Cash Flow

*

+rep +repar are e the the clos closiin/ entr entrie iess for for the the mon month th

-

+ost ost the the clos closin in/ / ent entri ries es to the the led/ led/er er acco accoun unts ts..



+rep +repar are e a +os +osttcl closi osin/ Trial rial Bal Balance ance..

Teresita Buenaor Compan GENERAL JORNAL

For the &onth nded Februar 2013

P!"e # DA$E

PAR$%CLAR&

PR

2013 Februar 1 Ca Cash 110 "ccounts #ecei$able 120 to record collecon of accounts ? 2 "ccounts +aable 210 Cash 110 +urchase iscount *30 to record pament of account with discount ? ( +u +urchases *10 "ccounts +aable 210 to record purchase of merchandise on account ? * "ccounts #ecei$able 120 )ales (10 to record sales on account ?  "d$ersin/ 6pense -0 Cash 110 to record pament for ad$ersin/ ?  Cash 110 )ales (10 to record sale of merchandise for cash ?  "ccounts +aable 210 Cash 110 +urchase iscount *30 to record pament for account with discount ? % Transportaon 'n *(0 Cash 110 to record pament for frei/ht in ? 10 )ales #eturns and "llowances (20 "ccounts #ecei$able 120 to record returned merchandise ? 12 Cash 110 )ales iscount (30 "ccounts #ecei$able 120

DE'%$

CRED%$

113,000.00 113,000.00

-(,000.00 -2,00.00 1,%20.00

10,000.00 10,000.00

20,000.00 20,000.00

-,000.00 -,000.00

2*0,000.00 2*0,000.00

10,000.00 1-(,%00.00 *,100.00

(,000.00 (,000.00

0,000.00 0,000.00

1%-,000.00 (,000.00 200,000.00

to record collecon of account with discount ? P!"e 2 DA$E

2013 Februar

PAR$%CLAR&

PR

DE'%$

1( 'nterest 6pense -0 2-,000.00 Cash 110 to record pament for interest on mort/a/e paable ? 1* )alaries 6pense -10 *1,000.00 Cash 110 to record pament for salaries ? 1- "ccounts #ecei$able 120 3%2,000.00 )ales (10 to record sales on account ? 1 Transportaon 7ut --0 (,000.00 Cash 110 to record pament for frei/ht out ? 1% )upplies 1(0 21,000.00 Cash 110 to record purchase of supplies for cash ? 20 +urchases *10 12*,000.00 "ccounts +aable 210 to record purchase of merchandise on account ? 22 &iscellaneous 6pense -%0 ,000.00 Cash 110 to record pament for miscellaneous e6pense ? 23 Cash 110 3(,1-0.00 )ales iscount (30 ,(0.00 "ccounts #ecei$able 120 to record collecon of account with discount ? 2( +urchases *10 33,000.00 "ccounts +aable 210 to record purchase of merchandise on account ? 2( Transportaon 'n *(0 %,000.00 Cash 110 to record pament for frei/ht in ? 2* "ccounts #ecei$able 120 (20,000.00

CRED%$

2-,000.00

*1,000.00

3%2,000.00

(,000.00

21,000.00

12*,000.00

,000.00

3%2,000.00

33,000.00

%,000.00

)ales to record sales on account ?

(10

(20,000.00

P!"e ( DA$E

2013 Februar

P!"e ) DA$E

Februar

PAR$%CLAR&

PR

2- )ales #eturns and "llowances (20 "ccounts #ecei$able 120 to record return of merchandise from #on
DE'%$

CRED%$

1,000.00 1,000.00

(00,000.00 (00,000.00

2*,000.00 2*,000.00

*1,000.00 *1,000.00

2,000.00 2,000.00

%,000.00 12,000.00 %,000.00 12,000.00

*,000.00

*,000.00

CLO&%NG EN$R%E& PAR$%CLAR&

2 &erchandise 'n$entor, end )ales +urchase #eturns and "llowances +urchase iscounts 'ncome )ummar to close temporar accounts with credit balances and to establish

PR

130 (10 *20 *30 330

DE'%$

CRED%$

3%,000.00 1,332,000.00 2*,000.00 ,020.00 1,-1,020.00

the endin/ merchandise in$entor ? 2 'ncome )ummar &erchandise 'n$entor, be/. )ales #eturns and "llowances )ales iscounts +urchases Transportaon 'n )alaries 6pense )upplies 6pense 'nsurance 6pense epreciaon 6pense  Buildin/ epreciaon 6pense  4uipment Transportaon 7ut "d$ersin/ 6pense 'nterest 6pense &iscellaneous 6pense to close temporar accounts with debit balances and to remo$e be/innin/ in$entor ? 2 'ncome )ummar Buenaor, Capital to close the 'ncome summar acct. ? 2 Buenaor, Capital Buenaor, 5ithdrawals to close the withdrawal account ?

330 130 (20 (30 *10 *(0 -10 -20 -30 -(0 -*0 --0 -0 -0 -%0

1,(2,(0.00

330 310

2,10.00

310 320

(00,000.00

(13,000.00 1(1,000.00 11,(0.00 --,000.00 13,000.00 102,000.00 *,000.00 2,000.00 %,000.00 12,000.00 (,000.00 -,000.00 2-,000.00 ,000.00

2,10.00

(00,000.00

Teresita Buenaor Compan GENERAL LEDGER For the &onth nded Februar 2013 ##0 DA$E

CA&* PAR$%CLAR&

2013 Februar 1 1 2    % 12 1( 1* 1 1% 22 23 2( 2

7penin/ balance Collecon of accounts pament of accounts pament for ad$ersin/ cash sales pament of account pament for frei/ht in Collecon of accounts pament for interest pament for salaries pament for frei/htout purchase of supplies pament for misc.e6pense collecon#on
'AL PR

: ;A1 ;A1 ;A1 ;A1 ;A1 ;A1 ;A1 ;A2 ;A2 ;A2 ;A2 ;A2 ;A2 ;A2 ;A3

#20 DA$E

ACCON$& RECE%-A'LE PAR$%CLAR&

PR

2013 Februar 1 1 * 10 12 123 2* 2-

7penin/ balance collecon of accounts ;on
: ;A1 ;A1 ;A1 ;A1 ;A2 ;A2 ;A2 ;A3

#(0 DA$E

2 Closin/ entr

#)0 DA$E

&PPL%E& PAR$%CLAR&

CRED%$

33,000.00 113,000.00 -2,00.00 -,000.00 2*0,000.00 1-(,%00.00 (,000.00 1%-,000.00 2-,000.00 *1,000.00 (,000.00 21,000.00 ,000.00 3(,1-0.00 %,000.00 (00,000.00

DE'%$

33,000.00 1(-,000.00 3,%20.00 ,%20.00 32,%20.00 1-3,020.00 1*%,020.00 3**,020.00 32%,020.00 2,020.00 2(,020.00 2*3,020.00 2(-,020.00 -30,10.00 -21,10.00 22#,#+000

'AL

.ERC*AND%&E %N-EN$OR/ PAR$%CLAR& PR

2013 Februar 1 7penin/ balance 2 Closin/ entr

DE'%$

: ;A(

DE'%$

CRED%$

1%2,000.00 113,000.00 20,000.00 0,000.00 200,000.00 3%2,000.00 3%2,000.00 (20,000.00 1,000.00

DE'%$

1%2,000.00 %,000.00 3(%,000.00 2%,000.00 %,000.00 (1,000.00 %,000.00 (%%,000.00 )2+,00000 'AL

DE'%$

CRED%$

(13,000.00 3%,000.00

;A(

DE'%$

(13,000.00 10,000.00 (13,000.00

(7,00000

'AL PR

DE'%$

CRED%$

DE'%$

2013 Februar 1 7penin/ balance 1% cash purchase 2 used supplies

#50 DA$E

PREPA%D %N&RANCE PAR$%CLAR&

2013 Februar 1 7penin/ balance 2 e6pired insurance

#10 DA$E

LAND PAR$%CLAR&

: ;A2

*1,000.00 21,000.00

;A3

*1,000.00 2,000.00 *,000.00

#),00000

'AL PR

:

DE'%$

CRED%$

(,000.00

;A3

DE'%$

(,000.00 2,000.00

)1,00000

'AL PR

DE'%$

CRED%$

DE'%$

2013 Februar 1 7penin/ balance

#70 DA$E

'%LD%NG PAR$%CLAR&

:

(-0,000.00

)10,00000

'AL PR

DE'%$

CRED%$

DE'%$


#75 DA$E

1,*0,000.00

ACC.LA$ED DEPREC%A$%ON  '%LD%NG PAR$%CLAR& PR DE'%$

2013 Februar 1 7penin/ balance 2 depreciaon for Feb.

#+0 DA$E

:

E3%P.EN$ PAR$%CLAR&

:

#,750,00000

'AL CRED%$

DE'%$

3*0,000.00

;A3

%,000.00

'AL PR

DE'%$

CRED%$

DE'%$


#+5 DA$E

2 depreciaon for Feb.

2013

2,310,000.00

ACC.LA$ED DEPREC%A$%ON  E3%P.EN$ PAR$%CLAR& PR DE'%$


2#0 DA$E

:

ACCON$& PA/A'LE PAR$%CLAR&

2,(#0,00000

'AL CRED%$

:

-30,000.00

;A3

12,000.00

DE'%$

'AL PR

DE'%$

CRED%$

DE'%$

Februar 1 2 (  20 2(

7penin/ balance pament of accounts purchase of merchandise pament of account purchaseLo
: ;A1 ;A1 ;A1 ;A2 ;A2

2 returns to "/usn Co.

220 DA$E

&ALAR%E& PA/A'LE PAR$%CLAR&

10,000.00 -(,000.00 10,000.00 10,000.00 12*,000.00 33,000.00 2*,000.00

'AL PR

DE'%$

CRED%$

DE'%$

2013 Februar 2 accrual of salaries

2(0 DA$E

.OR$GAGE PA/A'LE PAR$%CLAR&

;A3

*1,000.00

'AL PR

DE'%$

CRED%$

DE'%$


(#0 DA$E

'ENA4LOR, CAP%$AL PAR$%CLAR&

2013 Februar 1 7penin/ balance 2 Closin/ entr 2 Closin/ entr

(20 DA$E


%NCO.E &..AR/ PAR$%CLAR&

2,-00,000.00

'AL PR

DE'%$

: ;A( ;A(

'ENA4LOR, %$*DRAAL& PAR$%CLAR& PR

2013 Februar 2 withdrawal

((0 DA$E

:

;A3

DE'%$

1,*-%,000.00 2,10.00 (00,000.00

'AL DE'%$

CRED%$

(00,000.00

;A(

DE'%$

(00,000.00 (00,000.00



'AL PR

DE'%$

2013 Februar 2 Closin/ entr 2 Closin/ entr

;A( ;A(

1,(2,(0.00


;A(

2,10.00

)#0 DA$E

CRED%$

CRED%$

DE'%$

1,-1,020.00

&ALE&

'AL PAR$%CLAR&

2013 Februar * sales on account;on
PR

;A1

DE'%$

CRED%$

20,000.00

DE'%$

)20 DA$E

 cash sales 1- sales on account#on
;A1 ;A2 ;A2

2 closin/ entr

;A(

;A1 ;A3


;A(

&ALE& D%&CON$& PAR$%CLAR&

2013 Februar 12 discount;on
5#0 DA$E

PRC*A&E& PAR$%CLAR&

2013 Februar ( purchase of merchandise 20 pchse on acct.Lo
520 DA$E

PR

;A1 ;A2

DE'%$

PR

;A1 ;A2 ;A2

DE'%$

$RAN&POR$A$%ON %N PAR$%CLAR&

CRED%$

(,000.00 ,(0.00



DE'%$

(,000.00 11,(0.00 11,(0.00

DE'%$

CRED%$

10,000.00 12*,000.00 33,000.00

;A(

;A(


0,000.00 1(1,000.00



'AL


2013 Februar 2 pament of account  pament of account

DE'%$

1(1,000.00

DE'%$

10,000.00 2%*,000.00 --,000.00 --,000.00

PRC*A&E RE$RN& AND ALLOANCE& PAR$%CLAR& PR DE'%$

PRC*A&E D%&CON$& PAR$%CLAR&

CRED%$

0,000.00 1,000.00

;A(

;A3

5)0 DA$E

'AL

'AL

2013 Februar 2 returns to "/usn Co.

5(0 DA$E

1,332,000.00

&ALE& RE$RN& AND ALLOANCE& PAR$%CLAR& PR

2013 Februar 10 returns from ;on
)(0 DA$E

2*0,000.00 3%2,000.00 (20,000.00



'AL CRED%$

DE'%$

2*,000.00 2*,000.00

'AL PR

DE'%$

;A1 ;A1 ;A(

CRED%$

DE'%$

1,%20.00 *,100.00 ,020.00

'AL PR

DE'%$

CRED%$

DE'%$

2013 Februar % pament for frei/ht in 2( pament for frei/ht in

;A1 ;A2


;A(

1#0 DA$E

&ALAR%E& E6PEN&E PAR$%CLAR&

2013 Februar 1* pament for salaries 2 accrual of salaries 2 closin/ entr

120 DA$E

&PPL%E& E6PEN&E PAR$%CLAR&

2013 Februar 2 used supplies 2 closin/ entr

1(0 DA$E

%N&RANCE E6PEN&E PAR$%CLAR&

2013 Februar 2 e6pired insurance 2 closin/ entr

1)0 DA$E


150 DA$E


110 DA$E

13,000.00

PR

DE'%$

;A2 ;A3

*1,000.00 *1,000.00

;A(



CRED%$

DE'%$

*1,000.00 102,000.00 102,000.00



'AL PR

DE'%$

;A3

*,000.00

;A(

CRED%$

DE'%$

*,000.00 *,000.00



'AL PR

;A3

DE'%$

;A(

;A3

PR

2013 Februar 1 pament for frei/ht out

;A2


;A(

2,000.00 

'AL DE'%$

CRED%$

%,000.00

DE'%$

%,000.00 %,000.00



'AL CRED%$

12,000.00

;A(

$RAN&POR$A$%ON O$ PAR$%CLAR&

DE'%$

2,000.00

;A(

;A3

CRED%$

2,000.00

DEPREC%A$%ON E6PEN&EE3%P.EN$ PAR$%CLAR& PR DE'%$

2013 Februar 2 depreciaon for Feb.

(,000.00 13,000.00

'AL

DEPREC%A$%ON E6PEN&E'%LD%NG PAR$%CLAR& PR

2013 Februar 2 depreciaon for Feb.

(,000.00 %,000.00

DE'%$

12,000.00 12,000.00



'AL DE'%$

CRED%$

(,000.00

DE'%$

(,000.00 (,000.00



170 DA$E

AD-ER$%&%NG E6PEN&E PAR$%CLAR&

PR

2013 Februar  pament for ad$ersin/

;A1


;A(

1+0 DA$E

'AL DE'%$

-,000.00

PR

DE'%$

2013 Februar 1( pament for interest

;A2

2-,000.00

10 DA$E

-,000.00 

'AL

;A(

.%&CELLANEO& E6PEN&E PAR$%CLAR&

PR

2013 Februar 22 pament for misc. e6pense

;A2


DE'%$

-,000.00

%N$ERE&$ E6PEN&E PAR$%CLAR&


CRED%$

CRED%$

DE'%$

2-,000.00 2-,000.00



'AL

;A(

DE'%$

CRED%$

,000.00

DE'%$

,000.00 ,000.00



NCE CRED%$

NCE CRED%$

NCE CRED%$

NCE CRED%$

NCE CRED%$

NCE CRED%$

NCE CRED%$

NCE CRED%$

3*0,000.00 (5,00000

NCE CRED%$

NCE CRED%$

-30,000.00 1)2,00000

NCE CRED%$

10,000.00 ((,000.00 21(,000.00 ((,000.00 1-%,000.00 *(2,000.00 5#7,00000

NCE CRED%$

5#,00000

NCE CRED%$ 2,100,00000

NCE CRED%$

1,*-%,000.00 1,*,10.00 #,)57,#+000

NCE CRED%$

NCE CRED%$

1,-1,020.00 2,10.00 

NCE CRED%$

20,000.00

*20,000.00 %12,000.00 1,332,000.00 

NCE CRED%$

NCE CRED%$

NCE CRED%$

NCE CRED%$

2*,000.00 

NCE CRED%$

1,%20.00 ,020.00 

NCE CRED%$

NCE CRED%$

NCE CRED%$

NCE CRED%$

NCE CRED%$

NCE CRED%$

NCE CRED%$

NCE CRED%$

NCE CRED%$

NCE CRED%$

$eresit! 'en!8or Comp!n9 $ri!l '!l!n:e

Februar 2, 2013 PAR$%CLAR&

110 120 130 1(0 1*0 1-0 10 1* 10 1* 210 220 230 310 320 330 (10 (20 (30 *10 *20 *30 *(0 -10 -20 -30

Cash "ccounts #ecei$able &erchandise 'n$entor )upplies +repaid 'nsurance Land Buildin/ "ccumulated epreciaon  Buildin/ 4uipment "ccumulated epreciaon  4uipment "ccounts +aable )alaries +aable &ort/a/e +aable Buenaor, Capital Buenaor, 5ithdrawals 'ncome )ummar )ales )ales #eturns and "llowances )ales iscounts +urchases +urchase #eturns and "llowances +urchase iscounts Transportaon 'n )alaries 6pense )upplies 6pense 'nsurance 6pense

DE'%$

221,10.00 (2,000.00 (13,000.00 1(,000.00 (-,000.00 (-0,000.00 1,*0,000.00 2,310,000.00

(00,000.00

1(1,000.00 11,(0.00 --,000.00

13,000.00 102,000.00 *,000.00 2,000.00

-(0 -*0 --0 -0 -0 -%0

epreciaon 6pense  Buildin/ epreciaon 6pense  4uipment Transportaon 7ut "d$ersin/ 6pense 'nterest 6pense &iscellaneous 6pense $ot!l

%,000.00 12,000.00 (,000.00 -,000.00 2-,000.00 ,000.00 7,#02,02000

CRED%$

3*%,000.00 -(2,000.00 *1,000.00 *1,000.00 2,-00,000.00 1,*-%,000.00

1,332,000.00

2*,000.00 ,020.00

7,#02,02000

Teresita Buenaor Compan &t!tement o; Cost o; Goods &old

For the &onth nded Februar 2013 &erchandise 'n$entor, be/innin/

(13,000.00

"dd! Net Purchases +urchases

--,000.00

+urchase #eturns and "llowances

2*,000.00

+urchase iscounts

,020.00

Transportaon 'n

13,000.00

Cost of ;oods "$ailable for )ale

-(,%0.00 1,0-1,%0.00

Less! &erchandise 'n$entor, end

3%,000.00

Cost o; Goods &old

11),+000

Teresita Buenaor Compan &t!tement ;or Per;orm!n:e

For the &onth nded Februar 2013 ;ross )ales Less! )ales #eturns and "llowances )ales iscounts

1,332,000.00 1(1,000.00 11,(0.00

1*2,(0.00 #,#7,#1000

Net Sales

Less! Cost of ;oods )old

--(,%0.00

Gross Proft

5#),#+000

Less: Expenses

)alaries 6pense

102,000.00

)upplies 6pense

*,000.00

'nsurance 6pense

2,000.00

epreciaon 6pense  Buildin/

%,000.00

epreciaon 6pense  4uipment

12,000.00

Transportaon 7ut

(,000.00

"d$ersin/ 6pense

-,000.00

'nterest 6pense &iscellaneous 6pense Net Pro
2-,000.00 ,000.00

22-,000.00 2++,#+000

Teresita Buenaor Compan &t!tement o; Ch!n"es in O=ner>s E?it9

For the &onth nded Februar 2013 Buenaor, Capital be/.

1,*-%,000.00

"dd! 'n$estments Det 'ncome Less! 5ithdrawals 'en!8or, C!pit!l end

2,10.00

2,10.00 (00,000.00 #,)57,#+000

Statement o Financial Posion (Report Form)

Teresita Buenaor Compan &t!tement o; 4in!n:i!l Posi@on

"s of Februar 2, 2013 A&&E$& Current ssets

Cash

221,10.00

"ccounts #ecei$able

(2,000.00

&erchandise 'n$entor

3%,000.00

)upplies

1(,000.00

+repaid 'nsurance

(-,000.00

1,10-,10.00

Non!Current ssets

Land

(-0,000.00

Buildin/

1,*0,000.00

"ccumulated ep>nBld/. 4uipment

3*%,000.00 2,310,000.00

"ccumulated ep>n4pt.

-(2,000.00

$O$AL A&&E$&

3,*1%,000.00 ),125,#+000

L%A'%L%$%E&  ONER>& E3%$/ L%A'%L%$%E& Current Lia"ilies

"ccounts +aable )alaries +aable

*1,000.00 *1,000.00

*-,000.00

Non!Current Lia"ilies

&ort/a/e +aable $O$AL L%A'%L%$%E&

2,-00,000.00 (,#1+,00000

ONER>& E3%$/

Buenaor, Capital $O$AL L%A'%L%$%E&  ONER>& E3%$/

#,)57,#+000 ),125,#+000

Teresita Buenaor Compan &t!tement o; C!sh 4lo=

For the &onth nded Februar 2, 2013 C!sh 4lo= ;rom Oper!@n" A:@vi@es

Cash )ales

2*0,000.00

Collecon of accounts

-%3,1-0.00

+ament for frei/ht in

13,000.00

+urchase of supplies

21,000.00

+ament for ad$ersin/

-,000.00

+ament for interest

2-,000.00

+ament for salaries

*1,000.00

+ament for frei/ht out +ament for "ccounts +aable +ament for miscellaneous e6penses

(,000.00 22-,%0.00 ,000.00

Net C!sh 4lo= ;rom Oper!@n" A:@vi@es

5++,#+000

C!sh 4lo= ;rom %nves@n" A:@vi@es Net C!sh 4lo= ;rom %nves@n" A:@vi@es



C!sh 4lo= ;rom 4in!n:in" A:@vi@es

5ithdrawals Net C!sh 4lo= ;rom 4in!n:in" A:@vi@es $ot!l C!sh 4lo= ;rom Oper!@n", %nves@n"  4in!n:in"

"dd! Cash balance, be/innin/ Endin" C!sh '!l!n:e, 4ebr!r9 20#(

(00,000.00 B)00,00000 #++,#+000 ((,00000 22#,#+000

$eresit! 'en!8or Comp!n9 PostClosin" $ri!l '!l!n:e

Februar 2, 2013 PAR$%CLAR&

110 120 130 1(0 1*0 1-0 10 1* 10 1* 210 220 230 310

Cash "ccounts #ecei$able &erchandise 'n$entor )upplies +repaid 'nsurance Land Buildin/ "ccumulated epreciaon  Buildin/ 4uipment "ccumulated epreciaon  4uipment "ccounts +aable )alaries +aable &ort/a/e +aable Buenaor, Capital $ot!l

DE'%$

221,10.00 (2,000.00 3%,000.00 1(,000.00 (-,000.00 (-0,000.00 1,*0,000.00 2,310,000.00

5,121,#+000

Periodic-Method-Illustrative-Problem.xlsx

Recommend Documents