Chart of Accounts

Cash (110)
Accounts receivable (120)
Prepaid Insurance (130)
Supplies (140)
Equipment (150)
Furniture and Fixturess (160)
Accounts Payable (210)
Dela Cruz, Capital (310)
Dela Cruz, Withdrawals (320)
Laundry Revenues (410)
Salaries Expense (510)
Rent Expense (520)
Utilities Expense (530)
Date Account title Debit Credit
7/1/2018 Cash 250,000.00
Dela Cruz, Capital 250,000.00

7/2/2018 Furnitures and Fixtures 7,000.00

Cash 7,000.00

7/2/2018 Equipment 150,000.00

Cash 120,000.00
Accounts Payable 30,000.00

7/4/2018 Supplies 4,000.00

Accounts Payable 4,000.00

7/5/2018 Rent Expense 5,000.00

Cash 5,000.00

7/9/2018 Cash 20,000.00

Laundry Revenue 20,000.00

7/10/2018 Prepaid Insurance 6,000.00

Cash 6,000.00

7/14/2018 Accounts Payable 15,000.00

Cash 15,000.00

7/20/2018 Salaries Expense 7,000.00

Cash 7,000.00

7/24/2018 Dela Cruz, Withdrawals 5,000.00

Cash 5,000.00

7/26/2018 Cash 15,000.00

Accounts Receivable 10,000.00
Laundry Revenue 25,000.00

7/28/2018 Accounts Payable 4,000.00

Cash 4,000.00

7/31/2018 Utilities Expense 25,000.00

Accounts Payable 25,000.00
 Cash (110) Accounts receivable (120) Prepaid Insurance (130)
250,000.00 10,000.00 6,000.00
7,000.00
120,000.00
5,000.00
20,000.00
6,000.00
15,000.00 10,000.00 6,000.00
7,000.00
5,000.00
15,000.00
4,000.00
116,000.00

10

Equipment (150) Furniture and Fixturess (160) Accounts Payable (210)

150,000.00 7,000.00 30,000.00
4,000.00
15,000.00
4,000.00
25,000.00

150,000.00 7,000.00 40,000.00

Dela Cruz, Withdrawals (320) Laundry Revenues (410) Salaries Expense (510)
5,000.00 20,000.00 7,000.00
25,000.00

5,000.00 45,000.00 7,000.00

Utilities Expense (530)
25,000.00

25,000.00
 Supplies (140)
4,000.00

4,000.00

Dela Cruz, Capital (310)

250,000.00

250,000.00

Rent Expense (520)

5,000.00

5,000.00
 Trial Balance
Cash (110) 116,000.00
Accounts receivable (120) 10,000.00
Prepaid Insurance (130) 6,000.00
Supplies (140) 4,000.00
Equipment (150) 150,000.00
Furniture and Fixturess (160) 7,000.00
Accounts Payable (210) 40,000.00
Dela Cruz, Capital (310) 250,000.00
Dela Cruz, Withdrawals (320) 5,000.00
Laundry Revenues (410) 45,000.00
Salaries Expense (510) 7,000.00
Rent Expense (520) 5,000.00
Utilities Expense (530) 25,000.00
335,000.00 335,000.00
 Self Service Laundry Shop
Statement of Comprehensive Income
For the month ended July 31, 2018

Laundry Revenue 45,000.00

Less: Operating expenses
Salaries Expense 7,000.00
Rent Expense 5,000.00
Utilities Expense 25,000.00 37,000.00
Net Income 8,000.00
 Self Service Laundry Shop
Owner's Equity Statement
For the month ended July 31, 2018

Dela Cruz, Capital (310) 250,000.00

Add: Net Income 8,000.00
Total 258,000.00
Less: Dela Cruz, Withdrawal 5,000.00
Dela Cruz, Capital - Ending 253,000.00
 Self Service Laundry Shop
Statement of Cash Flows
For the month ended July 31, 2018

Operating Activities:
Collections from:
Cash Services 35,000.00
Payments of:
Rent Expense (5,000.00)
Supplies Expense (4,000.00)
Purchase of Insurance (6,000.00)
Salary Expense (7,000.00) 13,000.00
Net Cash from Operations

Financing Activities:
Owner's Contribution 250,000.00
Owner's withdrawal (5,000.00) 245,000.00
Net Cash from Financing
Total Assets

Investing Activities:
Purchase of Equipment (135,000.00)
Purchase of Furniture and Fixtures (7,000.00)
Net cash from Investing (142,000.00)
Net increase in cash 116,000.00
Add: Cash, beginning -
Cash, July 31, 2018 116,000.00
 Self Service Laundry Shop
Statement of Financial Position
As of July 31, 2018

Assets
Current Assets:
Cash (110) 116,000.00
Accounts receivable (120) 10,000.00
Prepaid Insurance (130) 6,000.00
Supplies (140) 4,000.00 136,000.00

Non Current Assets:

Equipment (150) 150,000.00
Furniture and Fixturess (160) 7,000.00 157,000.00
Total Assets 293,000.00

Liabilities and Owner's Equity

Current Liabilities:
Accounts Payable (210) 40,000.00

Owner's Equity:
Dela Cruz, Capital (310) 253,000.00
293,000.00
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