Trial Balance

Account Title
DR. CR.
Cash 154,440.00
Notes Receivable 25,000.00
Accounts Receivable 81,900.00
Office Supplies 3,500.00
Store Supplies 7,000.00
Prepaid Insurance 24,000.00
Prepaid Rent 20,000.00
Furniture and Fixture 40,000.00
Delivery Truck 200,000.00
Accounts Payable 190,000.00
A. Ventura Capital 500,000.00
Sales 290,000.00
Sales Returns and Allowances 1,900.00
Sales Discounts 160.00
Purchases 410,000.00
Purchases Returns and Allowance 2,000.00
Purchase Discounts 2,400.00
Salaries Expense 15,000.00
Freight-Out 500.00
Gas and Oil Expense 1,000.00
984,400.00 984,400.00
Merchandise Inventory
Utilities Expense
Utilities Payable
Depreciation Expense - Furniture & Fixture
Depreciation Expense - Delivery Truck
Accumulated Depreciation - Furniture & Fixture
Accumulated Depreciation - Delivery Truck
Rent Expense
Insurance Expense
Stores Supplies Expense
Office Supplies Expense
Doubtful Accounts Expense
Allowance for Doubtful Accounts

Net Income
 APPAREL FASHION HOUSE
WORKSHEET
For the Month Ended January 31, 2019
Adjustment Adjusted Trial Balance Statement of Finan'l Perform
DR. CR. DR. CR. DR.
154,440.00
25,000.00
81,900.00
1,500.00 2,000.00
5,000.00 2,000.00
2,000.00 22,000.00
5,000.00 15,000.00
40,000.00
200,000.00
190,000.00
500,000.00
290,000.00
1,900.00 1,900.00
160.00 160.00
410,000.00 410,000.00
2,000.00
2,400.00
15,000.00 15,000.00
500.00 500.00
1,000.00 1,000.00

2,500.00 2,500.00 2,500.00

2,500.00 2,500.00
400.00 400.00 400.00
2,000.00 2,000.00 2,000.00
400.00 400.00
2,000.00 2,000.00
5,000.00 5,000.00 5,000.00
2,000.00 2,000.00 2,000.00
5,000.00 5,000.00 5,000.00
1,500.00 1,500.00 1,500.00
2,900.00 2,900.00 2,900.00
2,900.00 2,900.00
21,300.00 21,300.00 992,200.00 992,200.00 449,860.00
114,540.00
564,400.00
ment of Finan'l Performance Statement of Finan'l Position
CR. DR. CR.
154,440.00
25,000.00
81,900.00
2,000.00
2,000.00
22,000.00
15,000.00
40,000.00
200,000.00
190,000.00
500,000.00
290,000.00

2,000.00
2,400.00

270,000.00 270,000.00

2,500.00

400.00
2,000.00

2,900.00
564,400.00 812,340.00 697,800.00
114,540.00
564,400.00 812,340.00 812,340.00
 Trial Balance
Account Title
DR. CR.
Cash 246,852.00
Notes Receivable 37,000.00
Accounts Receivable 67,600.00
Office Supplies -
Store Supplies -
Prepaid Insurance 20,000.00
Prepaid Rent 10,000.00
Furniture and Fixture 55,000.00
Delivery Truck 200,000.00
Accounts Payable 165,500.00
A. Ventura Capital 634,540.00
Sales 339,300.00
Sales Returns and Allowances 3450
Sales Discounts 578.00
Purchases 295,000.00
Purchases Returns and Allowance 6,000.00
Purchase Discounts 3,940.00
Salaries Expense 15000
Freight-Out 600
Gas and Oil Expense 1000

Merchandise Inventory
Utilities Expense 7000
Utilities Payable 7000
Depreciation Expense - Furniture & Fixture 550
Depreciation Expense - Delivery Truck 2000
Accumulated Depreciation - Furniture & Fixture 950
Accumulated Depreciation - Delivery Truck 4000
Rent Expense 5000
Insurance Expense 2000
Stores Supplies Expense 8000
Office Supplies Expense 4000
Doubtful Accounts Expense 3393
Allowance for Doubtful Accounts 6293
967,423.00 1,184,123.00
Net Income
 APPAREL FASHION HOUSE
WORKSHEET
For the Month Ended January 31, 2019
Adjustment Adjusted Trial Balance Statement of Finan'l Perform
DR. CR. DR. CR. DR.
246,852.00
37,000.00
67,600.00
-
-
20,000.00
10,000.00
55,000.00
200,000.00
165,500.00
634,540.00
339,300.00
3,450.00 3,450.00
578.00 578.00
295,000.00 295,000.00
6,000.00
3,940.00
- -
- -
- -

- -
-
550.00 -
2,000.00 -
950.00
4,000.00
5,000.00 -
2,000.00 -
8,000.00 -
4,000.00 -
3,393.00 -
6,293.00
0.00 0.00 960,423.00 1,160,523.00 299,028.00
114,540.00
413,568.00
ment of Finan'l Performance Statement of Finan'l Position
CR. DR. CR.
246,852.00
37,000.00
67,600.00
-
-
20,000.00
10,000.00
55,000.00
200,000.00
165,500.00
634,540.00
339,300.00

6,000.00
3,940.00

270,000.00 270,000.00

-
-

-
619,240.00 906,452.00 800,040.00
114,540.00
619,240.00 906,452.00 914,580.00
 CASH
Date Particulars P/R Debit Date
2019 2019
Jan. 1 CR1 681,840.00 Jan 31

681,840.00
Feb 1 Beginning Balance 154,440.00
CR2 458,022.00
Mar 1 612,462.00
Beginning Balance 246,852.00
Particulars P/R Credit

CP1 527,400.00
Balance 154,440.00
681,840.00

CP2 365,610.00
 Notes Receivable
Date Particulars P/R Debit Date
2019
Jan. 27 J1 25,000.00
Feb. 1 Beginning Balance 25,000.00
Feb. 20 J2 17,000.00 Feb 28
28 J2 20,000.00
62,000.00
Mar 1 Beginning Balance 37,000.00
Particulars P/R Credit

CP2 25,000.00
 Accounts Receivable
Date Particulars P/R Debit Date
2019 2019
Jan. 31 S1 101,000.00 Jan. 15
31
101,000.00

101,000.00
Feb. Beginning 81,900.00
Feb. 28 S2 103,300.00 Feb 28
11
20
185,200.00
Mar 1 Beginning 67,600.00
e
Particulars P/R Credit

J1 1,100.00
CR1 18,000.00
19,100.00
Balance 81,900.00
101,000.00

CR2 96,600.00
J2 1,000.00
J2 20,000.00
117,600.00
 Allowance for Doubful Accounts
Date Particulars P/R Debit Date
2019
Jan. 31
Feb. 1
Feb. 28
Mar 1
ccounts
Particulars P/R Credit

Adjusting J1 2,900.00
Beginning 2,900.00
Adjusting J1 3,393.00
Beginning 6,293.00
 Merchadise Inventory
Date Particulars P/R Debit Date
2019
Jan 31 Ending Balance J2 270,000.00
Feb 1 Beginning Balance 270,000.00
ry
Particulars P/R Credit
 Office Supplies
Date Particulars P/R Debit Date
2019 2019
Jan. 6 CP1 1,000.00 Jan. 31
22 CP1 2,500.00
3,500.00

3,500.00
Feb. 1 Beginning Balance 2,000.00
28 P2 2,000.00 Feb 28
4,000.00
Mar 1 Beginning Balance -
Particulars P/R Credit

Adjusting J1 1,500.00

1,500.00
Balance 2,000.00
3,500.00

J2 4,000.00
 Store Supplies
Date Particulars P/R Debit Date
2019 2019
Jan. 4 CP1 7,000.00 Jan. 31

7,000.00
Feb. 1 Beginning Balance 2,000.00
28 CP2 6,000.00 28
8,000.00
Mar 1 Beginning Balance -
Particulars P/R Credit

Adjusting J1 5,000.00
Balance 2,000.00
7,000.00

Adjusting 8,000.00
 Prepaid Insurance
Date Particulars P/R Debit Date
2019 2019
Jan. 5 CP1 24,000.00 Jan. 31

24,000.00
Feb. 1 Beginning Balance 22,000.00 Feb 28
Mar 1 Beginning Balance 20,000.00
Particulars P/R Credit

Adjusting J1 2,000.00
Balance 22,000.00
24,000.00
Adjusting 2,000.00
 Prepaid Rent
Date Particulars P/R Debit Date
2019 2019
Jan. 3 CP1 20,000.00 Jan 31

20,000.00
Feb. 1 Beginning Balance 15,000.00 Feb 28
Mar 1 Beginning Balance 10,000.00
Particulars P/R Credit

Adjusting 5,000.00
Balance 15,000.00
20,000.00
28 5,000.00
 Furniture and Fixture
Date Particulars P/R Debit Date
2019
Jan. 4 CP1 40,000.00
Feb. 1 Beginning Balance 40,000.00
21 P2 15,000.00
Mar 1 Beginning Balance 55,000.00
re
Particulars P/R Credit
 Accumulated Depreciation - Furniture and Fixture
Date Particulars P/R Debit Date
2019
Jan. 31
Feb. 1
28
ture and Fixture
Particulars P/R Credit

Adjusting J1 400.00
Beginning Balance 400.00
Adjusting J2 550.00
950.00
 Delivery Truck
Date Particulars P/R Debit Date
2019
Jan. 17 CP1 200,000.00
Feb. 1 Beginning Balance 200,000.00
Particulars P/R Credit
 Accumulated Depreciation - Delivery Truck
Date Particulars P/R Debit Date
2019
Jan. 31
Feb. 1
28
elivery Truck
Particulars P/R Credit

Adjusting J1 2,000.00
Beginning Balance 2,000.00
Adjusting 2,000.00
4,000.00
 Accounts Payable
Date Particulars P/R Debit Date
2019 2019
Jan 10 J1 2,000.00 Jan. 31
31 CP1 148,000.00
150,000.00
Balance 190,000.00
340,000.00
Feb. 1
Feb 28 CP2 336,500.00 28

Mar 1
 Particulars P/R Credit

P1 340,000.00

340,000.00

340,000.00
Beginning Balance 190,000.00
P2 312,000.00
502,000.00
165,500.00
 Notes Payable
Date Particulars P/R Debit Date
Particulars P/R Credit
 Utilities Payable
Date Particulars P/R Debit Date
2019
Jan. 31
Feb 1
Feb 3 CP2 2,500.00 28
Mar 1
 Particulars P/R Credit

Adjusting J1 2,500.00
Beginning Balance 2,500.00
Adjusting 7,000.00
Beginning Balance 7,000.00
 Loans Payable
Date Particulars P/R Debit Date
Particulars P/R Credit
 Salaries Payable
Date Particulars P/R Debit Date
Particulars P/R Credit
 Interest Payable
Date Particulars P/R Debit Date
Particulars P/R Credit
 A. Ventura Capital
Date Particulars P/R Debit Date
2019
Jan. 2
31

Feb. 1
15
ital
Particulars P/R Credit

Initial Investment CR1 500,000.00

To Close Income Summary J1 114,540.00
614,540.00
Beginning Balance 614,540.00
CR2 20,000.00
634,540.00
 A. Ventura Drawing
Date Particulars P/R Debit Date
wing
Particulars P/R Credit
 Income Summary
Date Particulars P/R Debit Date
2019 2019
Jan. 31 Closing J2 449,860.00 Jan. 31
31 Closing J2 114,540.00
564,400.00
Particulars P/R Credit

Closing J2 564,400.00

564,400.00
 Sales
Date Particulars P/R Debit Date
2019 2019
Jan. 31 Closing J2 290,000.00 Jan. 27
31
31
290,000.00
Feb 28 Feb 28

Mar 1
Particulars P/R Credit

J1 25,000.00
S1 101,000.00
CR1 164,000.00
290,000.00
S2 103,300.00
J2 20,000.00
CR2 216,000.00
339,300.00
 Sales Returns and Allowances
Date Particulars P/R Debit Date
2019 2019
Jan. 15 J1 1,100.00 Jan. 31
24 CP1 800.00
1,900.00
Feb 28 CP2 2,450.00
Adjusting J2 1,000.00
3,450.00
ances
Particulars P/R Credit

Closing J2 1,900.00

1,900.00
 Sales Discounts
Date Particulars P/R Debit Date
2019 2019
Jan. 31 CR1 160.00 Jan. 31
Feb 28 CR2 578.00
Particulars P/R Credit

Closing J2 160.00
 Interest Income
Date Particulars P/R Debit Date
Particulars P/R Credit
 Purchases
Date Particulars P/R Debit Date
2019 2019
Jan. 7 CP1 50,000.00 Jan. 31
14 CP1 20,000.00
31 P1 340,000.00
410,000.00
Feb 28 P2 295,000.00
Particulars P/R Credit

Closing J2 410,000.00

410,000.00
 Purchase Returns and Allowances
Date Particulars P/R Debit Date
2019 2019
Jan. 31 Closing J2 2,000.00 Jan. 14
Feb 15
9
11
17
owances
Particulars P/R Credit

CP1 2,000.00
CR2 1,000.00
J2 1,500.00
J2 500.00
J2 3,000.00
6,000.00
 Purchase Discounts
Date Particulars P/R Debit Date
2019 2019
Jan. 31 Closing J2 2,400.00 Jan. 31
Feb 28
s
Particulars P/R Credit

CP1 2,400.00
CP2 3,940.00
 Repairs and Maintenance
Date Particulars P/R Debit Date
ance
Particulars P/R Credit
 Interest Expense
Date Particulars P/R Debit Date
Particulars P/R Credit
 Doubful Accounts Expense
Date Particulars P/R Debit Date
2019 2019
Jan. 31 Adjusting J1 2,900.00 Jan. 31
Feb 28 Adjusting J2 3,393.00
ense
Particulars P/R Credit

Closing J2 2,900.00
 Salaries Expense
Date Particulars P/R Debit Date
2019 2019
Jan. 15 CP1 7,500.00 Jan. 31
CP1 7,500.00
15,000.00
Feb 15 CP2 7,500.00
28 CP2 7,500.00
15,000.00
Particulars P/R Credit

Closing J2 15,000.00

15,000.00
 Freight - Out
Date Particulars P/R Debit Date
2019 2019
Jan. 16 CP1 500.00 Jan. 31
Feb 9 CP2 600.00
Particulars P/R Credit

Closing J2 500.00
 Freight - In
Date Particulars P/R Debit Date
Particulars P/R Credit
 Gas and Oil Expense
Date Particulars P/R Debit Date
2019 2019
Jan. 17 CP1 1,000.00 Jan. 31
Feb 1 CP2 1,000.00
e
Particulars P/R Credit

Closing J2 1,000.00
 Utilities Expense
Date Particulars P/R Debit Date
2019 2019
Jan. 31 Adjusting J1 2,500.00 Jan. 31
Feb 28 Adjusting J2 7,000.00
Particulars P/R Credit

Closing J2 2,500.00
 Depreciation Expense - Furniture and Fixture
Date Particulars P/R Debit Date
2019 2019
Jan. 31 Adjusting J1 400.00 Jan. 31
Feb 28 Adjusting J2 550.00
re and Fixture
Particulars P/R Credit

Closing J2 400.00
 Depreciation Expense - Delivery Truck
Date Particulars P/R Debit Date
2019 2019
Jan. 31 Adjusting J1 2,000.00 Jan. 31
Feb 28 Adjusting J2 2,000.00
very Truck
Particulars P/R Credit

Closing J2 2,000.00
 Rent Expense
Date Particulars P/R Debit Date
2019 2019
Jan. 31 Adjusting J1 5,000.00 Jan. 31
Feb 28 Adjusting J2 5,000.00
Particulars P/R Credit

Closing J2 5,000.00
 Insurance Expense
Date Particulars P/R Debit Date
2019 2019
Jan. 31 Adjusting J1 2,000.00 Jan. 31
Feb 28 Adjusting J2 2,000.00
e
Particulars P/R Credit

Closing J2 2,000.00
 Office Supplies Expense
Date Particulars P/R Debit Date
2019 2019
Jan. 31 Adjusting J1 1,500.00 Jan. 31
Feb 28 Adjusting J2 4,000.00
nse
Particulars P/R Credit

Closing J2 1,500.00
 Store Supplies Expense
Date Particulars P/R Debit Date
2019 2019
Jan. 31 Adjusting J1 5,000.00 Jan. 31
feb 28 Adjusting J2 8,000.00
nse
Particulars P/R Credit

Closing J2 5,000.00
 Miscellaneous Expense
Date Particulars P/R Debit Date
nse
Particulars P/R Credit