Debit Credit

110 Cash 33,000

120 Accounts Receivable 192,000
130 Merchandise Inventory 413,000
140 Supplies 51,000
150 Prepaid Insurance 48,000
160 Land 460,000
170 Building 1,750,000
175 Accumulated Depreciation - Building 350,000
180 Equipment 2,310,000
185 Accumulated Depreciation - Equipment 630,000
210 Accounts Payable 108,000
220 Salaries Payable
230 Mortgage Payable 2,600,000
310 Buenaflor, Capital 1,569,000
320 Buenaflor, Withdrawals
330 Income Summary
410 Sales
420 Sales Return and Allowances
430 Sales Discounts
510 Purchases
520 Purchase Returns and Allowances
530 Purchase Discounts
540 Transportation In
610 Salaries Expense
620 Supplies Expense
630 Insurance Expense
640 Depreciation Expense - Building
650 Depreciation Expense - Equipment
660 Transportation Out
670 Advertising Expense
680 Interest Expense
690 Miscellaneous Expense
5,257,000 5,257,000
Transactions/Adjustments Adjusted Closing

Debit Credit Debit Credit Debit Credit

943,160 754,980 221,180
1,082,000 846,000 428,000
413,000 - 826,000
21,000 58,000 14,000
- 2,000 46,000
- - 460,000
- - 1,750,000
- 9,000 359,000
- - 2,310,000 -
- 12,000 642,000
259,000 668,000 517,000
- 51,000 - 51,000
- - - 2,600,000
- - - 1,569,000
400,000 - 400,000 -
- 413,000 - 413,000
- 1,332,000 - 1,332,000
141,000 - 141,000 -
11,840 - 11,840 -
668,000 - 668,000 -
- 25,000 - 25,000
- 7,020 - 7,020
13,000 - 13,000 -
102,000 - 102,000 -
58,000 - 58,000 -
2,000 - 2,000 -
9,000 - 9,000 -
12,000 - 12,000 -
4,000 - 4,000 -
6,000 - 6,000 -
26,000 - 26,000 -
7,000 - 7,000 -
4,178,000 4,178,000 7,515,020 7,515,020
Date Account Code Particulars Debit

2/1/2013 110 Cash 113,000.00

2/1/2013 120 Accounts Receivable
#
2/2/2013 210 Accounts Payable 64,000.00
2/2/2013 110 Cash
2/2/2013 530 Purchase Discounts
#
2/4/2013 510 Purchases 170,000.00
2/4/2013 210 Accounts Payable
#
2/5/2013 120 Accounts Receivable 270,000.00
2/5/2013 410 Sales
#
2/7/2013 670 Advertising Expenses 6,000.00
2/7/2013 110 Cash
#
2/7/2013 110 Cash 250,000.00
2/7/2013 410 Sales
#
2/8/2013 210 Accounts Payable 170,000.00
2/8/2013 110 Cash
2/8/2013 530 Purchase Discounts
#
2/9/2013 540 Transportation In 4,000.00
2/9/2013 110 Cash
#
2/10/2013 420 Sales Return and Allowances 70,000.00
2/10/2013 120 Accounts Receivable
#
2/12/2013 110 Cash 196,000.00
2/12/2013 430 Sales Discount 4,000.00
2/12/2013 120 Accounts Receivable
#
2/14/2013 680 Interest Expense 26,000.00
2/14/2013 110 Cash
#
2/15/2013 610 Salaries Expense 51,000.00
2/15/2013 110 Cash
#
2/16/2013 120 Accounts Receivable 392,000.00
2/16/2013 410 Sales
#
2/18/2013 660 Transportation Out 4,000.00
2/18/2013 110 Cash
#
2/19/2013 140 Supplies 21,000.00
2/19/2013 110 Cash
#
2/20/2013 510 Purchases 125,000.00
2/20/2013 210 Accounts Payable
#
2/22/2013 690 Miscellaneous Expense 7,000.00
2/22/2013 110 Cash
#
2/23/2013 110 Cash 384,160.00
2/23/2013 430 Sales Discount 7,840.00
2/23/2013 120 Accounts Receivable
#
2/24/2013 510 Purchases 373,000.00
2/24/2013 210 Accounts Payable
#
2/24/2013 540 Transportation In 9,000.00
2/24/2013 110 Cash
#
2/25/2013 120 Accounts Receivable 420,000.00
2/25/2013 410 Sales
#
2/26/2013 420 Sales Return and Allowances 71,000.00
2/26/2013 120 Accounts Receivable
#
2/28/2013 320 Buenaflor, Withdrawals 400,000.00
2/28/2013 110 Cash
#
2/28/2013 210 Accounts Payable 25,000.00
2/28/2013 520 Purchase Returns and Allowances
#
2/28/2013 610 Salaries Expense 51,000.00
2/28/2013 220 Salaries Payable
#
2/28/2013 630 Insurance Expense 2,000.00
2/28/2013 150 Prepaid Insurance
#
2/28/2013 640 Depreciation Expense-Building 9,000.00
2/28/2013 650 Depreciation Expense-Equipment 12,000.00
2/28/2013 175 Accumulated Depreciation-Building
2/28/2013 185 Accumulated Depreciation-Equipment
#
2/28/2013 620 Supplies Expense 58,000.00
2/28/2013 140 Supplies
#

3,765,000.00

130 Income Summary 413,000.00

330 Merchandise Inventory
#
130 Merchandise Inventory 397,000.00
330 Income Summary
#
Sales 141,000.00
Income Summary

Income Summary 152,840.00

Sales Discount
Sales Return Allowances
#

Income Summary 226,000.00

Salaries Expense
Supplies Expense
Insurance Expense
Depreciation Expense - Building
Depreciation Expense - Equipment
Transportation Out
Advertising Expense
Interest Expense
Miscellaneous Expense

288,180.00
Credit

113,000.00

62,080.00
1,920.00

170,000.00

270,000.00

6,000.00

250,000.00

164,900.00
5,100.00

4,000.00

70,000.00

200,000.00

26,000.00

51,000.00

392,000.00
 4,000.00

21,000.00

125,000.00

7,000.00

392,000.00

373,000.00

9,000.00

420,000.00

71,000.00

400,000.00

25,000.00

51,000.00

2,000.00

9,000.00
12,000.00
 58,000.00

3,765,000.00

413,000.00

397,000.00

141,000.00

141,000.00
11,840.00

102,000.00
58,000.00
2,000.00
9,000.00
12,000.00
4,000.00
6,000.00
26,000.00
7,000.00
 Teresit Buenaflor Company
Statement of Financial Position
As for the month ended February 29, 2020

Assets ref February January

Current Assets
Cash 221,180 33,000
Accounts Receivable 428,000 192,000
Merchandise Inventory 826,000 413,000
Supplies 14,000 51,000
Prepaid Insurance 46,000 48,000
Total Current Assets 1,535,180 737,000

Non-Current Assets
Land 460,000 460,000
Building 1,750,000 1,750,000
Less: Accumulated Depreciation - Building 359,000 350,000
Equipment 2,310,000 2,310,000
Less: Accumulated Depreciation - Equipment 642,000 630,000
Total Non-current Assets 3,519,000 3,540,000
Total Assets 5,054,180 4,277,000

Liabilities and Owner's Equity

Current Liabilities
Accounts Payable
Salaries Payable
Total Current Liabilities

Non-current Liabilities
Mortgage Payable
Total Non-current Liabilities
Total Liabilities

Owner's Equity
Buenaflor, Capital
Buenaflor, Withdrawals
Total Owner's Equity

Total Liabilities and Owner's Equity 0

 Teresit Buenaflor Company
Statement of Comprehensive Income
For the Month ended February 29, 2020

Sales
Sales 1332000
Less: Sales Return and Allowances 141000
Sales Discounts 11840
Net Sales 1179160
Cost of Goods Sold 648980
Gross Profit

Operating Expenses
Salaries Expense 102,000
Supplies Expense 58,000
Insurance Expense 2,000
Depreciation Expense - Building 9,000
Depreciation Expense - Equipment 12,000
Transportation Out 4,000
Advertising Expense 6,000
Interest Expense 26,000
Miscellaneous Expense 7,000
Total Operating Expenses 226,000

Net Operating Income

 Teresit Buenaflor Company
Statement of Cash Flows
As for the month ended February 29, 2020

Cash Flow from Operating Activities:

Net Income
Add:
Decrease in current assets
Increase in current liabilities
Depreciation
Amortization
Loss on sale of noncurrent assets
Less: Increase in current assets
Gain on sale of noncurrent assets
Net cash flow provided by/ (used) in Operating Activities
Net cash flow provided by/ (used) in Investing Activities
Net cash flow provided by/ (used) in Financing Activities
Net increase/ (decrease) in Cash
Cash Balance- February 1, 2020
Cash Balance- February 29, 2020
 Teresit Buenaflor Company
Statement of Changes in Owner's Equity
For the month ended February 29, 2020

Buenaflor, Capital- February 1, 2020

Add:
Net Income
Total
Less: Buenaflor, Withdrawals
Owner's Equity at February 29, 2020