CHART OF ACCOUNTS

ASSETS
101 Cash
201 Accounts Receivables
301 Computer Supplies
401 Prepaid Insurance
402 Prepaid Rent
501 Computer System
502 Office Equipment

LIABILITIES
601 Accounts Payable
701 Wages Payable
801 Unearned Computer Services Revenue

CAPITAL
901 Namikaze Capital
902 Namikaze Withdrawal
951 Computer Services Revenue
981 Repair Expense
982 Advertising Expense
983 Wages Expense
984 Mileage Expense
985 Miscellaneous Expense
986 Rent Expense
987 Computer Supplies Expense
988 Insurance Expense
989 Depreciation Expense - Office Equipment
990 Depreciation Expense - Computer System
991 Accumulated Depreciation - Computer System
992 Accumulated Depreciation - Office Equipment
1001 Income Summary
Cash and Cash Equivalents
Loans and Receivables
Inventories
Other Current Assets
Property, Plant and Equipment
Accounts and Other Payables
Accrued Liabilities
Deferred Liabilities
Owner's Equity
Revenue
Expenses
October 1 Cash 275,000.00
Computer System 100,000.00
Office Equipment 40,000.00
Namikaze Capital 415,000.00
Owner invests cash and equipment

2 Prepaid Rent 16,500.00

Cash 16,500.00
Paid four months' rent in advance

3 Computer Supplies 7,100.00

Accounts Payable 7,100.00
Purchased supplies on credit.

5 Prepaid Insurance 11,100.00

Cash 11,100.00
Paid 12 months' premium in advance.

6 Accounts Receivable 24,000.00

Computer Services Revenue 24,000.00
Billed customer for services.

8 Accounts Payable 7,100.00

Cash 7,100.00
Paid balance due on accounts payable.

10 No entry necessary in the journal.

12 Accounts Receivable 7,000.00

Computer Services Revenue 7,000.00
Billed customer for services.

15 Cash 24,000.00
Accounts Receivable 24,000.00
Collected accounts receivable.

17 Repair Expense 4,025.00

Cash 4,025.00
Paid for computer repairs.

20 Advertising Expense 9,700.00

Cash 9,700.00
Purchased ads in local newspaper.
 22 Cash 7,000.00
Accounts Receivable 7,000.00
Collected accounts receivable.

28 Accounts Receivable 26,040.00

Computer Services Revenue 26,040.00
Billed customer for services.

31 Wages Expense 4,375.00

Cash 4,375.00
Paid employee for part-time work.

Namikaze Withdrawal 18,000.00

Cash 18,000.00
Withdrew cash for personal use

November 1 Mileage Expense 1,600.00

Cash 1,600.00
Reimbursed Namikaze for mileage.

2 Cash 23,165.00
Computer Services Revenue 23,165.00
Collected cash revenue from client.

5 Computer Supplies 5,625.00

Cash 5,625.00
Purchased computer supplies for cash.

8 Accounts Receivable 28,340.00

Computer Services Revenue 28,340.00
Billed customer for services.

13 No entry necessary.

18 Cash 11,040.00
Accounts Receivable 11,040.00
Collected accounts receivable.

22 Miscellaneous Expense 1,250.00

Cash 1,250.00
Record donation.

24 Accounts Receivable 19,750.00

Computer Services Revenue 19,750.00
 Billed customer for services.

25 No entry necessary.

28 Mileage Expense 1,920.00

Cash 1,920.00
Reimbursed Namikaze for mileage.

30 Wages Expense 8,750.00

Cash 8,750.00
Paid employee for part-time work.

Namikaze Withdrawal 10,000.00

Cash 10,000.00
Withdrew cash for personal use

December 2 Advertising Expense 5,125.00

Cash 5,125.00
Paid share of mall advertising costs.

3 Repairs Expense 2,500.00

Cash 2,500.00
Paid minor repairs to company's computer.

4 Cash 19,750.00
Accounts Receivable 19,750.00
Collected accounts receivable.

10 Wages Expense 3,750.00

Cash 3,750.00
Paid employee for part-time work.

14 Cash 7,500.00
Unearned Computer Services Revenue 7,500.00
Received advance on work to be performed.

15 Computer Supplies 5,500.00

Accounts Payable 5,500.00
Purchased supplies on credit.

16 No entry necessary.

20 Cash 28,125.00
Computer Services Revenue 28,125.00
Collected cash revenue from client.
28 Cash 15,000.00
Accounts Receivable 15,000.00
Collected accounts receivable.

29 Mileage Expense 960.00

Cash 960.00
Reimbursed Namikaze for mileage.

31 Namikaze Withdrawal 7,500.00

Cash 7,500.00
Withdrew cash for personal use
ADDITIONAL JOURNAL ENTRIES

d Depreciation Expense - Computer System 6,250.00

Accumulated Depreciation - Computer System 6,250.00

e Depreciation Expense - Office Equipment 2,000.00

Accumulated Depreciation - Office Equipment 2,000.00

f Rent Expense 12,375.00

Prepaid Rent 12,375.00

a Computer Supplies Expense 15,905.00

Computer Supplies 15,905.00

b Insurance Expense 2,775.00

Prepaid Insurance 2,775.00
c Wages Expense 2,500.00
Wages Payable 2,500.00
CASH RECEIPTS BOOKS
Date Payor
15-Oct-19 Rasengan Leasing
22-Oct-19 Rasengan Leasing
02-Nov-19 Naruto Corporation
18-Nov-19 ROK Company
04-Dec-19 Kakashi's Engineering Co
14-Dec-19 Kakashi's Engineering Co
20-Dec-19 Naruto Corporation
28-Dec-19 Boruto Co
Particulars
Collected accounts receivable.
Collected accounts receivable.
Collected cash revenue from client.
Collected accounts receivable.
Collected accounts receivable.
Received advance on work to be performed.
Collected cash revenue from client.
Collected accounts receivable.
Debit Credit

Unearned
Computer Computer Services
Accounts Services Revenue Revenue
Cash Receivable
24,000.00 24,000.00 0.00
7,000.00 7,000.00 0.00
23,165.00 23,165.00 0.00
11,040.00 11,040.00 0.00
19,750.00 19,750.00 0.00
7,500.00 7,500.00 0.00
28,125.00 28,125.00 0.00
15,000.00 15,000.00 0.00
0.00
0.00
0.00
135,580.00 76,790.00 51,290.00 7,500.00
CASH DISBURSEMENT BOOKS
Credit

Date Payee Particulars Cash

02-Oct-19 Paid four months' rent in advance 16,500.00
05-Oct-19 Paid 12 months' premium in advance. 11,100.00
08-Oct-19 Jiraiya Office Products Paid balance due on accounts payable. 7,100.00
17-Oct-19 Paid for computer repairs. 4,025.00
20-Oct-19 Purchased ads in local newspaper. 9,700.00
31-Oct-19 Kushina Uzumaki Paid employee for part-time work. 4,375.00
01-Nov-19 Minato Namikaze Reimbursed Namikaze for mileage. 1,600.00
05-Nov-19 Jiraiya Office Products Purchased computer supplies for cash. 5,625.00
22-Nov-19 United Shinobi Record donation. 1,250.00
28-Nov-19 Minato Namikaze Reimbursed Namikaze for mileage. 1,920.00
30-Nov-19 Kushina Uzumaki Paid employee for part-time work. 8,750.00
02-Dec-19 Minatwice Mall Paid share of mall advertising costs. 5,125.00
03-Dec-19 Paid minor repairs to company's computer. 2,500.00
10-Dec-19 Kushina Uzumaki Paid employee for part-time work. 3,750.00
29-Dec-19 Minato Namikaze Reimbursed Namikaze for mileage. 960.00

84,280.00
 Debit
Miscellan
Prepaid Accounts Repair Advertising eous Mileage
Prepaid Rent Insurance Payable Expense Expense Expense Expense
16,500.00
11,100.00
7,100.00
4,025.00
9,700.00

1,600.00

1,250.00
1,920.00

5,125.00
2,500.00

960.00

16,500.00 11,100.00 7,100.00 6,525.00 14,825.00 1,250.00 4,480.00

Computer Wages
Supplies Expense
0.00
0.00
0.00
0.00
0.00
4,375.00 0.00
0.00
5,625.00 0.00
0.00
0.00
8,750.00 0.00
0.00
0.00
3,750.00 0.00
0.00
0.00
5,625.00 16,875.00
SALES BOOKS
Date Customers
06-Oct-19 Rasengan Leasing
12-Oct-19 Rasengan Leasing
28-Oct-19 ROK Company
02-Nov-19 Naruto Corporation
08-Nov-19 Boruto Co.
24-Nov-19 Kakashi's Engineering Company
14-Dec-19 Kakashi's Engineering Co
20-Dec-19 Naruto Corporation
Particulars
Billed customer for services.
Billed customer for services.
Billed customer for services.
Collected cash revenue from client.
Billed customer for services.
Billed customer for services.
Received advance on work to be performed.
Collected cash revenue from client.
 VATABLE Non-VAT
Unearned Computer
Computer Services Services Revenue
Accounts Receivable Output VAT Revenue
24,000.00 2,571.43 21,428.57
7,000.00 750.00 6,250.00
26,040.00 2,790.00 23,250.00
23,165.00 2,481.96 20,683.04
28,340.00 3,036.43 25,303.57
19,750.00 2,116.07 17,633.93
7,500.00 803.57 6,696.43
28,125.00 3,013.39 25,111.61
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
163,920.00 17,562.86 139,660.71 6,696.43 0.00
Non-VAT

0.00 0.00
PURCHASE BOOKS

Date Suppliers Particulars Accounts Payable

03-Oct-19 Jiraiya Office Products Purchased supplies on credit. 6,339.29
05-Nov-19 Jiraiya Office Products Purchased computer supplies for ca 5,022.32
15-Dec-19 Jiraiya Office Products Purchased supplies on credit. 4,910.71
0.00
0.00
0.00
0.00
0.00
16,272.32
 VAT Purchases
Input VAT Computer Supplies
760.71 7,100.00
602.68 5,625.00
589.29 5,500.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
1,952.68 18,225.00 0.00 0.00 0.00
 Non-VAT Purchases

0.00 0.00 0.00

Other Transactions With Accruals

Namikaze
Date PARTICULARS
Withdrawal

31-Oct-19 Withdrew cash for personal use 18,000.00

30-Nov-19 Withdrew cash for personal use 10,000.00
31-Dec-19 Withdrew cash for personal use 7,500.00
31-Dec-19 Accrued wages for 4 days work
31-Dec-19 Computer supplies used
31-Dec-19 Recording depreciation expense for computer system
31-Dec-19 Recording depreciation expense for office equipment
01-Jan-20 Three month's prepaid rent has expired
02-Jan-20 Three months of 12-month insurance premium have expired

35,500.00
 Debit

Computer Depreciation
Depreciation
Expense - Rent Insurance
Wages expense Supplies Expense - Office
Computer
Equipment
Expense Expense
Expense System

2,500.00
15,905.00
6,250.00
2,000.00
12,375.00
2,775.00

2,500.00 15,905.00 6,250.00 2,000.00 12,375.00 2,775.00

 CREDIT

Accumulated Accumulated
Wages Computer Depreciation - Office Prepaid
Cash Depreciation -
Payable Supplies Computer System Equipment Rent

18,000.00
10,000.00
7,500.00
2,500.00
15,905.00
6,250.00
2,000.00
12,375.00

35,500.00 2,500.00 15,905.00 6,250.00 2,000.00 12,375.00

 Prepaid
Insurance

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
2,775.00 0.00
0.00
2,775.00 0.00
 Date PARTICULARS Cash

02-Oct-19 Paid four months' rent in advance

03-Oct-19 Purchased supplies on credit.
05-Oct-19 Paid 12 months' premium in advance.
06-Oct-19 Billed customer for services.
08-Oct-19 Paid balance due on accounts payable.
12-Oct-19 Billed customer for services.
15-Oct-19 Collected accounts receivable. 24,000.00
17-Oct-19 Paid for computer repairs.
20-Oct-19 Purchased ads in local newspaper.
22-Oct-19 Collected accounts receivable. 7,000.00
28-Oct-19 Billed customer for services.
31-Oct-19 Paid employee for part-time work.
31-Oct-19 Withdrew cash for personal use
01-Nov-19 Reimbursed Namikaze for mileage.
02-Nov-19 Collected cash revenue from client. 23,165.00
05-Nov-19 Purchased computer supplies for cash.
08-Nov-19 Billed customer for services.
18-Nov-19 Collected accounts receivable. 11,040.00
22-Nov-19 Record donation.
24-Nov-19 Billed customer for services.
28-Nov-19 Reimbursed Namikaze for mileage.
30-Nov-19 Paid employee for part-time work.
30-Nov-19 Withdrew cash for personal use
02-Dec-19 Paid share of mall advertising costs.
03-Dec-19 Paid minor repairs to company's computer.
04-Dec-19 Collected accounts receivable. 19,750.00
10-Dec-19 Paid employee for part-time work.
14-Dec-19 Received advance on work to be performed. 7,500.00
15-Dec-19 Purchased supplies on credit.
20-Dec-19 Collected cash revenue from client. 28,125.00
28-Dec-19 Collected accounts receivable. 15,000.00
29-Dec-19 Reimbursed Namikaze for mileage.
31-Dec-19 Withdrew cash for personal use
31-Dec-19 Accrued wages for 4 days work
31-Dec-19 Recording depreciation expense for computer system
31-Dec-19 Recording depreciation expense for office equipment
31-Dec-19 Three month's prepaid rent has expired
31-Dec-19 Computer supplies used
31-Dec-19 Three months of 12-month insurance premium have expired

135,580.00
 D

Accounts Repair Mileage Miscellaneous Wages Namikaze

Payable Expense Expense Expense Expense Withdrawal

7,100.00

4,025.00

4,375.00
18,000.00
1,600.00

1,250.00

1,920.00
8,750.00
10,000.00

2,500.00

3,750.00

960.00
7,500.00
2,500.00

7,100.00 6,525.00 4,480.00 1,250.00 19,375.00 35,500.00

 Debit
Depreciation
Depreciation
Advertising Prepaid Rent
Computer Prepaid
Expense -
Expense -
Expense Supplies Insurance
Computer System
Office
Equipment

16,500.00
7,100.00
11,100.00

9,700.00

5,625.00

5,125.00

5,500.00

6,250.00
2,000.00

14,825.00 16,500.00 18,225.00 11,100.00 6,250.00 2,000.00

Computer
Insurance Rent Accounts Accounts
Supplies Cash
Expense
Expense Expense Receivable Payable

16,500.00
7,100.00
11,100.00
24,000.00
7,100.00
7,000.00

4,025.00
9,700.00

26,040.00
4,375.00
18,000.00
1,600.00

5,625.00
28,340.00

1,250.00
19,750.00
1,920.00
8,750.00
10,000.00
5,125.00
2,500.00

3,750.00

5,500.00

960.00
7,500.00

12,375.00
15,905.00
2,775.00

15,905.00 2,775.00 12,375.00 105,130.00 119,780.00 12,600.00

 CREDIT

Accumulated
Accounts Receivable Unearned Computer Wages
Computer Services
Depreciation -
Revenue Services Revenue Payable
Computer System

24,000.00

7,000.00
24,000.00

7,000.00
26,040.00

23,165.00

28,340.00
11,040.00

19,750.00

19,750.00

7,500.00

28,125.00
15,000.00

2,500.00
6,250.00

156,420.00 76,790.00 7,500.00 2,500.00 6,250.00

 Accumulated
Prepaid Computer Prepaid
Depreciation - Office
Rent Supplies Insurance
Equipment

2,000.00
12,375.00
15,905.00
2,775.00

2,000.00 12,375.00 15,905.00 2,775.00

Account No.

101
201
301
401
402
501
502
601
701
801
901
902
951
981
982
983
984
985
986
987
988
989
990
991
992
1001
Cash
Accounts Receivables
Computer Supplies
Prepaid Insurance
Prepaid Rent
Computer System
Office Equipment
Accounts Payable
Wages Payable
Unearned Computer Services Revenue
Namikaze Capital
Namikaze Withdrawal
Computer Services Revenue
Repair Expense
Advertising Expense
Wages Expense
Mileage Expense
Miscellaneous Expense
Rent Expense
Computer Supplies Expense
Insurance Expense
Depreciation Expense - Office Equipment
Depreciation Expense - Computer System
Accumulated Depreciation - Computer System
Accumulated Depreciation - Office Equipment
Income Summary
 NAME OF THE COMPANY
TRIAL BALANCE
FOR THE FOURTH QUARTER

As of October 1, 2019 Transactions (November and December)

Dr Cr Dr
275,000.00 135,580.00
105,130.00
18,225.00
11,100.00
16,500.00
100,000.00
40,000.00
7,100.00

415,000.00
35,500.00

6,525.00
14,825.00
19,375.00
4,480.00
1,250.00
12,375.00
15,905.00
2,775.00
2,000.00
6,250.00

415,000.00 415,000.00 414,895.00

0.00
ions (November and December) Closing As of December 31, 2019
Cr
119,780.00 290,800.00
76,790.00 28,340.00
15,905.00 2,320.00
2,775.00 8,325.00
12,375.00 4,125.00
100,000.00
40,000.00
12,600.00
2,500.00
7,500.00

156,420.00 156,420.00
6,525.00
14,825.00
19,375.00
4,480.00
1,250.00
12,375.00
15,905.00
2,775.00
2,000.00
6,250.00
6,250.00
2,000.00
70,660.00

414,895.00 156,420.00 156,420.00 473,910.00

0.00 0.00
s of December 31, 2019

5,500.00
2,500.00
7,500.00
450,160.00

6,250.00
2,000.00

473,910.00
0.00
 NAME OF THE COMPANY
BALANCE SHEET
DECEMBER 30, 2019

ASSETS
Current Assets
Cash on Hand 0.00
Cash in Bank 0.00
Petty Cash Fund 0.00
Loans Receivables 0.00
Accounts Receivables 0.00
Advances to Officeres, Employees and Members 0.00
Due from Accountable Officers and Employees 0.00
Merchandise Inventory 0.00
Unused Supplies 0.00
Prepaid Expenses 0.00
Total Current Asset 0
Non Current Asset
Financial Assets at Cost
Land
Land Improvements (net) 0.00
Building and Improvements (net) 0.00
Utility Plant (net) 0.00
Furniture, Fixtures and Equipment (net) 0.00
Machineries, Tools and Equipment (net) 0.00
Kitchen, Canteen and Catering Equipment/Utensils (net) 0.00
Transportation Equipment (net) 0.00
Other Funds and Deposits 0.00
Total Non Current Asset 0
TOTAL ASSET 0
LIABILITIES
Current Liabilities
Accounts Payable - Trade 0.00
Other Payables 0.00
Due to Regulatory Agencies 0.00
Interest on Share Capital Payable 0.00
Patronage Refund Payable 0.00
Due to Union/Federation (CETF) 0.00
Total Current Liabilities 0
Member's Benefit and Other Funds Payable 0.00
Total Non Current Liabilities 0
Total Liabilities 0
Equity
Member's Equity 0.00
Total Equity 0
Total Liabilities and Equity 0

0
F THE COMPANY
ANCE SHEET
MBER 30, 2019
 NAME OF THE COMPANY
Income Statement
FOR THE YEAR ENDED DECEMBER 30, 2019

REVENUE ITEMS
Interest Income from Loans 0.00
Service Fees 0.00
Fines, Penalties, Surcharges 0.00
Service Income 0.00
Sales 0.00
Income/Interest from Investments/Deposits 0.00
Membership Fees 0.00
Other Fines, Penalties and Surcharges 0.00
Miscellaneous Income 0.00
Total Gross Revenue 0.00
EXPENSES
Costs of Services 0.00
Costs of Goods Sold 0.00
Feight Out/Delivery Expenses 0.00
Store/Canteen/Kitchen and Catering Supplies 0.00
Communication 0.00
Depreciation 0.00
Employee Benefits 0.00
Gas, Oil and Lubricants 0.00
General Assembly Expenses 0.00
Litigation Expenses 0.00
Meeting and Conferences 0.00
Members' Benefit Expenses 0.00
Miscellaneous Expenses 0.00
Office Supplies 0.00
Officers' Honorarium and Allowances 0.00
Professional Fees 0.00
Repairs and Maintenance 0.00
Representation 0.00
Retirement Benefit Expense 0.00
Salaries and Wages 0.00
Social and Community Service Expense 0.00
SSS, Philhealth, ECC, Pag-ibig Premium 0.00
Taxes, Fees and Charges 0.00
Travel and Transportation 0.00
Total Expense 0
NET SURPLUS/(NET LOSS) 0
2019