Franjieno Tutorial Services

Trial Balance
October 1, 201X
Account Titles
Cash 97,850
Accounts Receivable 17,350
Notes Receivable 1,000
Unused Supplies 1,850
Prepaid Insurance 1,350
Tools 20,320
Office Equipment 39,500
Allowance for Impairment Loss 1,200
Impairment Loss 450

Accounts Payable 15,850

Notes Payable 26,300
Mortgage Payable 28,950
Franjieno, Capital 83,000
Franjieno, Drawings 8,350
Service Income 75,300
Supplies Expense 2,800
Salaries Expense 19,000
Utilities Expense 5,350
Advertising Expense 6,850
Insurance Expense 4,830
Depreciation Expense 2,250

Total 229,850 229,850

 Franjieno Tutorial Services
Trial Balance
September 1, 201x
Account Titles
Cash 100,000
Accounts Receivable 19,840
Notes Receivable 1,200
Unused Supplies 2,430
Prepaid Insurance 1,620
Tools 21,500
Office Equipment 51,280
Allowance for Impairment Loss 1,460
Impairment Loss 1,000

Accounts Payable 16,600

Notes Payable 28,000
Mortgage Payable 30,400
Service Income 169,120
Supplies Expense 3,150
Salaries Expense 20,400
Utilities Expense 6,160
Advertising Expense 7,000
Insurance Expense 5,620
Depreciation Expense 3,460

Total 245,120 245,120

 Franjieno Tutorial Services
Trial Balance
October 1, 201x
Account Titles
Cash 115,000
Accounts Receivable 20,750
Notes Receivable 1,250
Unused Supplies 2,500
Prepaid Insurance 1,700
Tools 21,650
Office Equipment 51,300
Accum. Dep'n- Office Equipment 9,500
Allowance for Impairment Loss 1,500
Impairment Loss 650

Accounts Payable 17,000

Notes Payable 28,750
Mortgagge Payable 34,850
Franjieno, Drawings 11,750
Service Income 185,350
Supplies Expense 3,800
Salaries Expense 21,000
Utilities Expense 6,750
Advertising Expense 7,350
Insurance Expense 5,800
Depreciation Expense 4,000

Total 276,100 276,100

 Franjieno Tutorial Services
Financial Postion
October-December 201x

Assets
Current Asset
Cash 312,850
Accounts Receiveble 57,940
Notes Receiveble 3,450
Unused Supplies 6,780
Prepaid Insurance 4,670
Allowance for Impairment Loss 4,160
Less: Impairment Loss 2,100
Net Allowance for Impairment Loss 2,060
Total Current Assets 387,750

Noncurrent Asset
Tools 63,470
Office Equipment 142,080
Less: Accum. Dep'n Office Equipment 9,500
Net Office Equipment 132,580
Total Noncurrent Assets 196,050

Total Assets 583,800

ieno Tutorial Services
Financial Postion
ober-December 201x

Liabilities and Owner's Equity

Current Liabilities
Accounts Payable 49,450
Notes Payable 83,050
Total Current Liabilities 132,500

Noncurrent Liabilities
Mortgage Payable 94,200

Total Liabilities 226,700

Owner's Equity
Franjieno, Capital 83,000
Add: Net Income 294,200
Less: Drawings 20,100
Owner's Equity 357,100

Total Liabilities and Owner's Equity 583,800

 Franjieno Tutorial Services
Financial Position
October 201x

Assets
Current Asset
Cash 97,850
Accounts Receiveble 17,350
Notes Receiveble 1,000
Unused Supplies 1,850
Prepaid Insurance 1,350
Allowance for Impairment Loss 1,200
Less: Impairment Loss 450
Net Allowance for Impairment Loss 750
Total Current Assets 120,150

Noncurrent Asset
Tools 20,320
Office Equipment 39,500
Total Noncurrent Assets 59,820

Total Assets 179,970

jieno Tutorial Services
Financial Position
October 201x

Liabilities and Owner's Equity

Current Liabilities
Accounts Payable 15,850
Notes Payable 26,300
Total Current Liabilities 42,150

Noncurrent Liabilities
Mortgage Payable 28,950

Total Liabilities 71,100

Owner's Equity
Franjieno, Capital 83,000
Add: Net Income 34,220
Less: Drawings 8,350
Owner's Equity 108,870

Total Liabilities and Owner's Equity 179,970

 Franjieno Tutorial Services
Financial Position
November 201x

Assets
Current Asset
Cash 100,000
Accounts Receiveble 19,840
Notes Receiveble 1,200
Unused Supplies 2,430
Prepaid Insurance 1,620
Allowance for Impairment Loss 1,460
Less: Impairment Loss 1,000
Net Allowance for Impairment Loss 460
Total Current Assets 125,550

Noncurrent Asset
Tools 21,500
Office Equipment 51,280
Total Noncurrent Assets 72,780

Total Assets 198,330

eno Tutorial Services
inancial Position
November 201x

Liabilities and Owner's Equity

Current Liabilities
Accounts Payable 16,600
Notes Payable 28,000
Total Current Liabilities 44,600

Noncurrent Liabilities
Mortgage Payable 30,400

Total Liabilities 75,000

Owner's Equity
Net Income 123,330
Owner's Equity 123,330

Total Liabilities and Owner's Equity 198,330

 Franjieno Tutorial Services
Financial Position
December 201x

Assets
Current Asset
Cash 115,000
Accounts Receiveble 20,750
Notes Receiveble 1,250
Unused Supplies 2,500
Prepaid Insurance 1,700
Allowance for Impairment Loss 1,500
Less: Impairment Loss 650
Net Allowance for Impairment Loss 850
Total Current Assets 142,050

Noncurrent Asset
Tools 21,650
Office Equipment 51,300
Less: Accum. Dep'n Office Equipment 9,500
Net Office Equipment 41,800
Total Noncurrent Assets 63,450

Total Assets 205,500

eno Tutorial Services
nancial Position
December 201x

Liabilities and Owner's Equity

Current Liabilities
Accounts Payable 17,000
Notes Payable 28,750
Total Current Liabilities 45,750

Noncurrent Liabilities
Mortgage Payable 34,850

Total Liabilities 80,600

Owner's Equity
Net Income 136,650
Less: Drawings 11,750
Owner's Equity 124,900

Total Liabilities and Owner's Equity 205,500

 Franjieno Tutorial Services
Income Statement
October 201x

Service Income 75,300

Supplies Expense 2,800
Salaries Expense 19,000
Utilities Expense 5,350
Advertising Expense 6,850
Insurance Expense 4,830
Depreciation Expense 2,250
Total Expense 41,080

Net Income 34,220

 Franjieno Tutorial Services
Income Statement
November 201x

Service Income 169,120

Supplies Expense 3,150
Salaries Expense 20,400
Utilities Expense 6,160
Advertising Expense 7,000
Insurance Expense 5,620
Depreciation Expense 3,460
Total Expense 45,790

Net Income 123, 330

 Franjieno Tutorial Services
Income Statement
December 201x

Service Income 99,100

Supplies Expense 3,800
Salaries Expense 21,000
Utilities Expense 6,750
Advertising Expense 7,350
Insurance Expense 5,800
Depreciation Expense 4,000
Total Expense 48,700

Net Income 50,400

 Franjieno Tutorial Services
Income Statement
October-December

Service Income 429,770

Supplies Expense 9,750
Salaries Expense 60,400
Utilities Expense 18,260
Advertising Expense 21,200
Insurance Expense 16,250
Depreciation Expense 9,710
Total Expense 135,570

Net Income 294,200