Assignment Act 201 Section-15 Submitted to Nazmun Nahar [NNH Ma'am] Submitted by Ramisa Tasrim LD- 2014232630 Submission date- 30th August, 2020P5-4A i ___ Perpetual Dake Accounts _ Sy.3) Thventory ~ Debit Aecoonks ryetie- Cred tt | (Purchased i = 2.| Accounts reccivable - Debit | fales revere — -Cradit | Cock cf goods sod - Debrt | Taventory ~cradit | (Sold _sultasse) 2 Accounts payable -Debit| Trventory(tscox2y)- Credit | cosh - Credit) ees te caceorts capable) __| [Sales discount — ~ Debit | Recounts vecatvable -Cradit GRecsived trom awh rained) 'F/ Accounts recaivable - Debit | | Sales - Credit | Cold—sutbexse) | Cost of geads sold -Deblt | | Twente ~ credit | (tse saltense) __| 6 Inventory ~Debit Precount payable - Credit Taventory ~Dekit | Cosh - Credit | Porchased on account) | \%00 1980 20 1§00 200 \700 100 Date ‘uly | Ee Account payatdle -crast | (Rrchased 3.| Account recaivable ~Debt| Sales revenue -Cradit | (sold ssttease on account) | Accoonts payable - Debit! Purenase discount- Ceadét Cosh —Credit | CLRaid te accounts payable) | 12) Cash — Devit Sales discount -Debit | Account recsivabbla- Credtt (Received frovn ccroset racuby) [| Accoonts remivable —Debit! Sales revenue -Credi} (sold on aacecount) bod 1s,| Purchase ~ debit | Account payable - Credit Freight in ~ Debit | Cash - Credit (Prchased on account) 2000 1300 19G0= ____ Perpetual oe ee Accounts | Debit | Credit [Pote) Accounts _ leet] Debit | credit | 20] Accounts payable -Debit| | 300 20| Accounts payable -Debit| | 200 | | Trventory Credit) | 300 Forchase return -Cradit] | Sen “Sucrose tebe) (Purchase returo) | 21] Cash ~ Debit | | 1455 —— eee | gales disecunt —- Debit | | 15 a oa LC SS 35 Accounts veccivable - Credit, 1s00 | es discount - Debit | 5 Gales discount) | Account rectivalble -Credt 1500 29| Accounts reaivable - Debit) | 2250 [eseles discount) Sales ceverve - Credit 2250 22| Account receivable - Del 2250 Cost of good sold - Debit) | 1260 Sales revenue - Credit) 2260 Thventory ~ Credit \250 (Se\8_ on accoont) | Sold a |—— = --— |£ Sela _on account) 20| Account payable Berit) | 1400 90] Accoumts payable - Debit} | 14100 (1900-208) (17100 - 300) | Cash ~ credit! 12865 Cosh = Credit ‘400 eu | (Paid +40 account payable) CPRatd 40 accout poyalble) ee eee ae eee area B\.!Sales rotum end allowence - | A. Eales reborn end allowance — Debit | 200 | Debit 200 | Account receivable - Credit 200 fe | ‘counts Creat Tnventory - Debit! | io oe ey 200 Cost ot geod sold - Credit ies (sales return) (Seks retorn) | \ |‘5-24 ] : @Bournal_ using pe perpetval inventory system Accoutts receivable - Credit | orc) Rl Ae ee | ce [Apna Taventory - Debit # 6900 Accounts payable - Credit % 6900 (Prchased merchandise on account) | 4) Accounts recrivalole ~ Debit 5500 | Sales revenvo -Crdit | 5500 | Cost of geed sold : pet | 4100 i || Taventory ~ Credit A100 | (Sold merchandise on accourt) | | 8) Freight oot - Debit | | 240 | | | Cash - Credit [ono | | (Rad freight) | | | 6) Accounts poyable —Dabit | Soo | || Tiventory ~ Cradit) | 500 | || (Purchase vetora) _ | | |) Aeceonts payable (e9a0-S00)- Debit, 6400 \ | " Tiventory (6400 x 17) ~ Credit | ea | | Cash (6400-64) ~Cradit) | | 6336 | CPorchase discoont) | | | | 2) Cosh (5500-58) Debit 5445 | fie i i | (eae, coax | | (gales discoont)_ Accounts _ title Date 4) Taventory ~ Debit Cosh ~ Crodit | (Purchased merchandise) 6} Cash - Debit Inventory, ~ Credit [CPorchose return) 18] Thventory ~ Debit | Accounts Poyable ~ Cradit merchandise) ea ~ Debit - Credit (Paid freight) | 2) Cosh ~ Debit Sales revenve - Credt Cost of good sold ~ Debit | | Tnvantory - Credit | (sold merchandise) 26 _Thventory - Debit Cosh ~~ Credit | (rucresed merchansse) | 27) Accounts payable ~ Debit | Trventory (4500x2%) - Credit | Cash (4500 - 90) Rok | Credit Debit $3600 |$ 3%00 | 500 500 4500 4500 100 | (00 | | 6400 Joe S120 5\20 | | | 2200 | | 2200 | | 90 Galo | | | Ll| [Dve. — Accourh tHe Rob 9 Sales retour ard cillowanc —Debit Cosh —Crodit | Trventory - Debit cost of goed sald - Credit (Sates cehn) | 30 Accconts reco\valle ~ Debit | Sales - Crodit | Cost of good sold - Debit Trantory = Credit Ico) De Cosh © $2000 @ 4 240 | @ 5445 @ 6336 ® soo @ 2300 @ 6400 © \0o @ 2200 @ aaio @ 90 Ral. $4063 | Dr Accounts recaivabe _ @$5500 © $5500 @ 3300 Debit Crodit 90 20 6630 [307 | | 3700 | | | 3700 2%00 | 2400 _& Crpr “Tyventary oy @ 4 6900 (4 4N00 Q a00 @ 600 (@ = hkeaO |® 64 @ 100 Qaneee @@ 2200 |B 20 @ 30 j@ 90 (© 2%00 Bal $ 4456 Des Accounts nee cx © $500 @ $ 6900 @ 6400 |® 4500 | Bal. ¢ 0 De __Corital _ io | © $ 9000 Ral. $ 9000 De ee re rea Hels Hate oo @ $ 5500 ® 4 6400 |@_ 3700_ | Bal. 15600 De Eales velomend allowana Cr @ ¢ 9% Bal $90De | @ +55 Bal. 4 65 Sales Discount Dr Cost of good sold ® 400 @ 5120 @ 2600 Col. ¢ 1990 | Dr. Freight oot _ © $ 240 “Bal. $240 | ©) fay ® ¢ 30 Rag Olof Distriboting Company Income Statement For tre month ended April 30, 2008 Accounts sets vevenve Ee Less: sales return and allowance sales discoont Net Sales Cost of goods sold Pe ee ae ____| Amount | Amount 15600 | | | | a > a oO| P5-8A | Cad Maine Department Store Treome Stetement For the year endad Dec .31 , 200% oe Accounts Amount} Aroont | | Sales revere $@28000 | | less sales return and cillowance aca Nek Sales |g20000° Cost of apeds sold AN2400 Cross Profit 207300 Operating expense : Gales salaries expense Sales commission expense Depreciation expense - Equipment Utlities expense Thsvrance expense Office calaries expense Depreciation expense ~ Bellading Property tax expense Operating income | | | Other revenve : | Interest vevenve Other expense ! Interest expense __ Net IncomeMaine Department Store Owrer’s Equity Statement For Ane year ended Dec. 21, 200% a a | Arscumt | frecuet Owner's capital | [eee Add net income ee | | 206700 Less Drawings | 2%000 Qonet’s ending capital $199200 Maine Department Store Balance Sheet Decamber Si, 2008 Atourhs | Amount | Amount Asset Corvent asset * | Cosh | $ 2300 Account receivable \ | 50000 | Trventory | | #000 Popaid insvrance | , 2400 | Total coment asset | [181500 Fixed asset | was | [190000 | | less accomvlated depreciation | 52500 | | | | 137500 | i |Egvipment les accomvlated dopreciaton Total Asset Liabilitie and Owner's Egulty Corrent liabili ty 5 Account payable Mortgage payable Interest payable Property taxes payable Sales commission payable Utilities expense payable Total arent tiabitly | Long term Uability: Mortgage payable Total Viabi iby Owner's Eq dhy Owner's ending corp ites Total Llabilities and owners eguity| | | | 60000 | 173700=< (C) Closing dovrnal [Bate | Acccounts era Sales, | Thterest revenve - Debit | Theame summery ~ Cradit | 2% Theme Sommer y - Debit | Sales retvrn cmd allowence - Credit | cost of goeds sold — -Cradit | | Offtee Salaries expense - Credit! | Sales salaries expense -Cradit | | Gales Commission expense Cred | Property tax expense ~ Crack) | Unites expense ceed) Deprectation expense _ Credit | - Bot ling | i | | Depreciation ral ou | Thsorance expense - Credit | Thterest expense - Credit | 31. Theome summary = Debit | | Ovne’s capital - Credit | BL Quoner’s capital - Debit Drawings = credit | | Amoont - Debit 4624000 4000 601900 30100 23000 OOo 4112700 32000 76000 141500 | 4%00 | (2000 \o400 13300 | 4200 ooo i} | o100P5-4A | Amounts HHe Ref} Debit Credit | fel) Tnvantory - Debit $840 | Accounts payable - Credit $ 240 (Porehase requets and balls) ¢.| Trventory =Bebir | | 40 Cosh ~ Codi 40 (pd Greig) %| Accounts realvable - Debit ee Sales “Credit ahead | Cost of goods sold - Debit 790 | | Tnventory ~ Credit 490 | (Sold merchandise) 18 Accounts poyable - Debit 40 Taventory — Credit 40 | ( Porchase retory) [a || 1 Lnventory ~ Debit | 420 cen ~Credit| | 4420 |) | CPorchased tennis shoes) | | | 13.) Accoonts Payable (s40 -40)- Debit oo | | | Tnventory (00 x27) ~ Credit 1G f Cash (00-16) ~ Credit | FBYy | | | CBid te accosnts payable) _ | | M4) Tnventory ~ Debit | | goo | | | Accounts payalble ~credit| | Face | | CPorchased gecds) | |Cost of Qeods sold - Debit Tnventory —Credit, Gold merchandise) 20, Cash ~Debit Accounts payable -credit Lecatved From accours venir) 2. Accounts payable - Debit Inventory (200x237) - Credit | cash (900-29) -Credit [CPaid to accounts payctole) 7. Gales rotorn and allawana - Debit ) Accounts reaivable -Credit _CSales return) | 30. Cash ~ Devit Accounts realvable -Cradit | (Received from account rectal) pee) Arcounts ___ReF Debit Cash ~ Dabit 50 Inventory - Credit | (Purchase velo) “, Anventory - Debit 30 Cosh Credit | (Raid freight) a % Accoumls reaiwble -Debit| B10 Soles revenue — ~ Credit | 520 500 | Goo Cred} em | 30 Blo S320 500 30 $660eS) De. ce $2500 ©+40 © 50 @ 420 @ 500 @ 724 @ 6eo o @ 473 Bal. G 15463 De Accourts remivable __Cr @$\150 @ 500 @® fio @ 20 @ 660 Gla aso |e De Tnventory Ce O#t700 ® + 490 @ eo @® 40 © 40 @ 6 @ 420 ® 60 @ 300 @® 530 @ 30 @® 2 Bal. $2477 a De Accounts Rayable Ce. @ $40 6 $ 340 @ goo @ 300 CD DCOn eee is Bal. ¢ Oo De. _____Oanexs Capiter|_ as ®$ 4200 [ Bal. $ 4200| De Sales & @41150 | | S10 | Ral & 1960 Di___Sales elven end allowances ce @4¢ 30 | | “Gal. 6 20 | Dr Cok of geads sold | ® $ 790 | OS oOn | | Bal. $ 1320 | |) Hofners Tennis Shop | Trial Balance Apri\ 30 , 200% ‘oa Account Hite | Debt | creat | | —_____ Account tH j Cash $1563 | Accoumts reaivable | F740 || 2] Thventory 2494 | 4 | Ovoner’s capital feleae ee | 1960 | 6. | Sales return and allowance 30 a Cost of goods sold