ANALYSIS OF BUSINES TRANSACTIONS: Through Tabular Analysis

ASSETS = LIABILITIES + CAPITAL

Unearned Unearned
Furniture
April Accounts Office Prepaid Office Accounts Notes Local International Capital
Cash Automobile and Capital
2020 Receivable Supplies Rent Equipment Payable Payable Travel Travel Notation
Fixtures
Fees Fees
1 6,000,000 6,000,000 Investment
(250,000) (250,000) Org. Exp.
2
100,000 100,000
4 3,200,000 3,200,000
6 (300,000) 300,000
7 (200,000) 50,000 150,000
8 (200,000) 600,000 400,000
9 73,160 73,160 Local T.F.
11 (1,600,000) (1,600,000)
15 (95,000) (95,000) Sal. Exp.
18 194,440 194,440 Int. T.F.
Repairs
19 (7,000) (7,000)
and Main.
23 689,632 51,632 638,000
25 116,664 (116,664)
29 (30,000) (30,000) Drawings
Sal., Util.,
30 (117,000) (117,000) Gas and Oil
Expense
4,180,456 77,776 50,000 150,000 3,200,000 300,000 600,000 2,000,000 100,000 51,632 638,000 5,768,600
8,558,232 = 2,789,63 + 5,768,600
 WROKSHEET
Unadjusted Trial Balance Adjustments Adjusted Trial Balance Profit and Loss Financial Position
Account # Account Titles Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
101 Cash 4,180,456 4,180,456 4,180,456
102 Accounts Receivable 77,776 77,776 77,776
103 Office Supplies 50,000 35,000 15,000 15,000
104 Prepaid Rent 150,000 25,000 125,000 125,000
105A Automobile 3,200,000 3,200,000 3,200,000
106A Office Equipment 300,000 300,000 300,000
107A Furniture and Fixtures 600,000 600,000 600,000
201 Accounts Payable 2,000,000 2,000,000 2,000,000
202 Notes Payable 100,000 100,000 100,000
203 Unearned Local Travel Fees 51,632 51,632 51,632
204 Unearned International Travel Fees 638,000 638,000
301 Yoon, Capital 6,000,000 6,000,000 6,000,000
302 Yoon, Drawing 30,000 30,000 30,000
401 Local Travel Fees Earned 73,160 73,160 73,160
402 International Travel Fees Earned 194,440 638,000 832,440 832,440
501 Salaries Expense 190,000 190,000 190,000
502 Utilities Expense 12,000 12,000 12,000
504 Repairs and Maintenance Expense 7,000 7,000 7,000
505 Organization Expense 250,000 250,000 250,000
511 Gas and Oil Expense 10,000 10,000 10,000
9,057,232 9,057,232
507 Interest Expense 1,000 1,000 1,000
205 Interest Payable 1,000 1,000 1,000
508 Depreciation Expense – Automobile 25,000 25,000 25,000
105B Accumulated Depreciation – Automobile 25,000 25,000 25,000
509 Depreciation Expense – Office Equipment 4,500 4,500 4,500
106B Accumulated Depreciation – Office Equipment 4,500 4,500 4,500
510 Depreciation Expense – Furniture and Fixtures 10,000 10,000 10,000
107B Accumulated Depreciation – Furniture and Fixtures 10,000 10,000 10,000
506 Office Supplies Expense 35,000 35,000 35,000
503 Rent Expense 25,000 25,000 25,000
738,500 738,500 9,097,732 9,097,732 569,500 905,600 8,528,232 8,192,132
Net Income 336,100 336,100
905,600 905,600 8,528,232 8,528,232