JRCA - EMPOWERMENT TECHNOLOGIES 2019ABM GRADE 11

PLEASE READ BEFORE ENCODING ANYTHING ON THIS EXCEL FILE

General Instructions

1. DO NOT DELETE OR INSERT A WORKSHEET

2. PUT A BOTTOM DOUBLE BORDER BELOW EVERY TOTAL
3. PUT A PESO SIGN FOR ALL THE TOTALS
4. CHANGE THE FORMAT TO ACCOUNTING FORMAT FOR ALL THE AMOUNTS
5. DEADLINE OF SUBMISSION IS ON OR BEFORE APRIL 15, 2019
GOD BLESS!
 JRCA - EMPOWERMENT TECHNOLOGIES 2019ABM GRADE 11

Encode the Chart of Accounts given by your FABM Teacher

Account No.
Cash 110
accounts receivable 120
office supplies 130
Prepaid insurance 140
Land 150
Building 160
Accumulated Deprieciation-Building 165
office equipment 170
Accumulated Depreciation- office equipment 175
24% notes payable 210
20% notes payable 220
Accounts payable 230
Salaries payable 240
Interest payable 250
Unearned research revenue 260
Gitos capital 310
Gitos Withdrawal 320
Service Revenue 410
Research Revenue 420
Salaries Expense 510
Insurance expense 520
Repair expense 530
Supplies expense 540
Association dues expense 550
Telephone expense 560
Depreciation expense-building 570
Depreciation expense-equipment 580
Interest expense 590
 JRCA - EMPOWERMENT TECHNOLOGIES 2019ABM GRADE 11

M Teacher
 JRCA - EMPOWERMENT TECHNOLOGIES 2019ABM GRADE 11

JESUS REIGNS CHRISTIAN ACADEMY

SENIOR HIGH SCHOOL DEPARTMENT
FINAL PROJECT FOR EMPOWERMENT TECHNOLOGIES - ABM STRAND

GENERAL JOURNAL
PAGE 1
DATE ACCOUNTS TITLE AND EXPLANATION PR DR. CR.
2018
May 1 Cash 110 350,000.00
Gitos Capital 310 350,000.00
to record the initial investment
of gito.

3 Building 160 1,000,000.00

Land 150 150,000.00
Cash 110 30,000.00
20% notes payable 220 1,120,000.00
purchased building and land

5 Office Equipment 170 120,000.00

Office Supplies 130 19,000.00
Cash 110 39,000.00
24% notes Payable 210 100,000.00
Accuired Equipment and
Office Supplies

6 Prepaid Insurance 140 36,000.00

Cash 110 36,000.00
Payment of Insurance
expense

7 Cash 110 75,000.00

Service Revenue 410 75,000.00
Received cash from clients

7 Office Supplies 130 7,000.00

accounts payable 230 7,000.00
purchased office supplies
on account

11 Salaries Expense 240 20,000.00

cash 110 20,000.00
Prepaid salaries expense

13 cash 110 50,000.00

 JRCA - EMPOWERMENT TECHNOLOGIES 2019ABM GRADE 11

unearned research revenues 260 50,000.00

received cash as unearned
research revenue

16 account receivable 120 27,000.00

service revenue 410 27,000.00
service rendered

19 Repair expense 530 3,000.00

cash 110 3,000.00
Paid repair expense

21 Telephone expense 560 3,000.00

cash 110 3,000.00
Paid Telephone Expense

24 Office Supplies 130 15,000.00

Accounts Payable 250 15,000.00
Purchased Office supplies
on account

26 cash 110 10,000.00

accounts recievable 120 10,000.00
Receivable cash as revenue

28 Accounts payable 230 5,000.00

Cash 110 5,000.00
Payment of Haggai Supply

29 Gitos Withdrawal 320 70,000.00

Cash 110 70,000.00
Withdrawal for legal practise

31 Association Dues Expense 550 10,000.00

Cash 110 10,000.00
Paid association Dues Expense
 JRCA - EMPOWERMENT TECHNOLOGIES 2019ABM GRADE 11

JESUS REIGNS CHRISTIAN ACADEMY

SENIOR HIGH SCHOOL DEPARTMENT
FINAL PROJECT FOR EMPOWERMENT TECHNOLOGIES - ABM STRAND

GENERAL LEDGER

Acc: Cash Acc #110

DATE ITEMS PR DR CR BAL
2018
May 1 350,000.00 350,000.00
3 30,000.00 320,000.00
5 39,000.00 281,000.00
6 36,000.00 245,000.00
7 75,000.00 320,000.00
11 20,000.00 300,000.00
13 50,000.00 350,000.00
19 3,000.00 347,000.00
21 3,000.00 344,000.00
26 10,000.00 354,000.00
28 5,000.00 349,000.00
29 70,000.00 279,000.00
31 10,000.00 $ 269,000.00

Acc:Account Receivable Acc # 120

DATE ITEMS PR DR CR BAL
May 16 27,000.00 27,000.00
26 10,000.00 $ 17,000.00

Acc: Office Supplies Acc # 130

DATE ITEMS PR DR CR BAL
2018
May 5 19,000.00 19,000.00
7 7,000.00 26,000.00
24 15,000.00 $ 41,000.00

Acc: Prepaid Insurance Acc # 140

DATE ITEMS PR DR CR BAL
2018
May 6 36,000.00 $ 36,000.00
 JRCA - EMPOWERMENT TECHNOLOGIES 2019ABM GRADE 11

Acc: Land Acc # 150

DATE ITEMS PR DR CR BAL
2018
May 3 150,000.00 $ 150,000.00

Acc: Building Acc# 160

DATE ITEMS PR DR CR BAL
2018
May 3 1,000,000.00 $ 1,000,000.00

Acc: office Equipment Acc # 170

DATE ITEMS PR DR CR BAL
2018
May 5 120,000.00 $ 120,000.00

Acc: 24% notes payable Acc #210

DATE ITEMS PR DR CR BAL
2018
May 5 100,000.00 $ 100,000.00

Acc: 20% notes payable Acc#220

DATE ITEMS PR DR CR BAL
2018
May 3 1,120,000.00 $ 1,120,000.00

Acc: Accounts payable Acc # 230

DATE ITEMS PR DR CR BAL
2018
May 7 7,000.00 7,000.00
24 15,000.00 22,000.00
28 5,000.00 $ 17,000.00

Acc: Unearned Research rev. Acc # 260

DATE ITEMS PR DR CR BAL
2018
 JRCA - EMPOWERMENT TECHNOLOGIES 2019ABM GRADE 11

May 13 50,000.00 $ 50,000.00

Acc: Gitos Capital Acc# 310

DATE ITEMS PR DR CR BAL
2018
May 1 350,000.00 $ 350,000.00

Acc: Gitos Withdrawal Acc #320

DATE ITEMS PR DR CR BAL
2018
May 29 70,000.00 $ 70,000.00

Acc: Service revenue Acc # 410

DATE ITEMS PR DR CR BAL
2018
May 7 75,000.00 75,000.00
16 27,000.00 $ 102,000.00

Acc: Salaries expense Acc #510

DATE ITEMS PR DR CR BAL
2018
May 11 20,000.00 $ 20,000.00

Acc:Repair Expense Acc#530

DATE ITEMS PR DR CR BAL
2018
May 19 3,000.00 $ 3,000.00

Acc : Association Dues Espense Acc #550

DATE ITEMS PR DR CR BAL
2018
May 31 10,000.00 $ 10,000.00

Acc: Telephone Expense Acc # 560

DATE ITEMS PR DR CR BAL
2018
 JRCA - EMPOWERMENT TECHNOLOGIES 2019ABM GRADE 11

May 21 3,000.00 $ 3,000.00

DATE ITEMS PR DR CR BAL

DATE ITEMS PR DR CR BAL

DATE ITEMS PR DR CR BAL

DATE ITEMS PR DR CR BAL

DATE ITEMS PR DR CR BAL

DATE ITEMS PR DR CR BAL

 JRCA - EMPOWERMENT TECHNOLOGIES 2019ABM GRADE 11

TRIAL BALANCE

ACCOUNT TITLES DR. CR.

Cash 269,000.00
Account Receivable 17,000.00
office Supplies 41,000.00
Prepaid insurance 36,000.00
Land 150,000.00
Building 1,000,000.00
Office Equipment 120,000.00
24% notes payable 100,000.00
20% notes payable 1,120,000.00
Accounts payable 17,000.00
Unearned Revenue 50,000.00
Gitos Capital 350,000.00
Gitos Withdrawal 70,000.00
Servise Revenue 102,000.00
Salaries Expense 20,000.00
Repair Expense 3,000.00
Association Dues Expense 10,000.00
Telephone Expense 3,000.00
$ 1,739,000.00 $ 1,739,000.00
 JRCA - EMPOWERMENT TECHNOLOGIES 2019ABM GRADE 11

Atty. Gitos Law o

Worksheet
1-May-18

ACCOUNTS TITLES TRIAL BALANCE ADJUSTMENTS

DR CR DR
Cash $ 269,000.00
Accounts Recievable 17,000.00
Office Supplies 41,000.00
Prepaid Insurance 36,000.00
Land 150,000.00
Building 1,000,000.00
Office Equipment 120,000.00
24% notes Payable 100,000.00
20% notes Payable 1,120,000.00
Accounts Payable 17,000.00
Unearned research revenue 50,000.00 30,000.00
Gito's Capital 350,000.00
Gito's Withdrawal 70,000.00
Service Revenue 102,000.00
Salaries Expense 20,000.00
Repair Expense 3,000.00
Association Dues Expense 10,000.00
Telephone Expense 3,000.00
Total $ 1,739,000.00 $ 1,739,000.00
Insurance expense 3,000.00
Office Supplies Expense 20,000.00
Accumulated depriciation-Building
Accumulated depriciation-equipment
Depriciation Expense 14,000.00
Research Expense
Salaries Expense 51,000.00
Salaries Payable
Interest Expense 28,000.00
Interest payable
Total $ 146,000.00
Net Loss
 JRCA - EMPOWERMENT TECHNOLOGIES 2019ABM GRADE 11

Atty. Gitos Law office

Worksheet
1-May-18

ADJUSTMENTS ADJUSTED TRIAL BALANCE INCOME STATEMENT STATEMENT OF FINANCIAL POSITION

CR DR CR DR CR DR
$ 269,000.00 $ 269,000.00
17,000.00 17,000.00
20,000.00 21,000.00 21,000.00
3,000.00 33,000.00 33,000.00
150,000.00 150,000.00
1,000,000.00 1,000,000.00
120,000.00 120,000.00
100,000.00
1,120,000.00
17,000.00
20,000.00
350,000.00
70,000.00 70,000.00
102,000.00 102,000.00
20,000.00 20,000.00
3,000.00 3,000.00
10,000.00 10,000.00
3,000.00 3,000.00

3,000.00 3,000.00
20,000.00 20,000.00
5,000.00 5,000.00
9,000.00 9,000.00
14,000.00 14,000.00
30,000.00 30,000.00 30,000.00
51,000.00 51,000.00
51,000.00 51,000.00
28,000.00 28,000.00
28,000.00 28,000.00
$ 146,000.00 $ 1,832,000.00 $ 1,832,000.00 $ 152,000.00 $ 132,000.00 $ 1,680,000.00
20000 20000
$ 152,000.00 $ 152,000.00 $ 1,700,000.00
 JRCA - EMPOWERMENT TECHNOLOGIES 2019ABM GRADE 11

MENT OF FINANCIAL POSITION

CR Company Name
Income Statement
For the month ended
Revenue
Service Revenue
Research Revenue
Total

100,000.00 Expenses
1,120,000.00 Salaries Expenses $ 20,000.00
17,000.00 Telephone Expense $ 3,000.00
20,000.00 Repair Expense $ 10,000.00
350,000.00 Association Dues Expense $ 3,000.00
Insurance Expense $ 3,000.00
Interest Expense $ 20,000.00

Net Loss

5,000.00
9,000.00

51,000.00

28,000.00
$ 1,700,000.00

$ 1,700,000.00
 JRCA - EMPOWERMENT TECHNOLOGIES 2019ABM GRADE 11

ompany Name Company Name

ome Statement Statement of Changes In Owner's Equity
he month ended For the month ended

$ 102,000.00
$ 30,000.00
$ 132,000.00

$ 132,000.00

$ -
 JRCA - EMPOWERMENT TECHNOLOGIES 2019ABM GRADE 11

Company Name
's Equity Statement of Financial Position
As of
Dr Cr
Cash 269000
Accounts Recievable 17000
office Supplies 21000
Prepaid insuranse 33000
Land 150000
Building 1000000
office equipment 120000
24 % notes payable 100000
20% notes payable 1120000
Accounts payable 17000
Unearned research revenue 20000
Gitos capital 350000
Gitos Withdrawal 70000
Accumulated Dep.- Building 5000
Accumulated Dep.- Equipment 9000
Salaries payable 51000
interest payable 28000
Total 1680000 1700000
JRCA - EMPOWERMENT TECHNOLOGIES 2019ABM GRADE 11