Daybook

Balance Sheet Income

Date Account Debit Credit Date
1 Jun 2015 Equity 3000 26 Jun 2015
1 Jun 2015 Cash 3000 26 Jun 2015
10 Jun 2015 PP&E 1000 26 Jun 2015
10 Jun 2015 Cash 1000 20 Aug 2015
12 Jun 2015 Raw materials 500 20 Aug 2015
12 Jun 2015 Cash 250 20 Aug 2015
12 Jun 2015 Trade Payables 250 20 Aug 2015
26 Jun 2015 Raw materials 400
26 Jun 2015 Cash 1200
26 Jun 2015 Cash 150
15 Jul 2015 Raw materials 900
15 Jul 2015 Cash 900
20 Aug 2015 Cash 2700
20 Aug 2015 Raw materials 900
20 Aug 2015 Cash 200
20 Aug 2015 PP&E 100
 Income Statement
Account Debit Credit
Cost of goods sold 400
Revenues 1200
Utility expenses 150
Revenues 2700
Cost of goods sold 900
Utility expenses 200
Depreciation 100
T-accounts
Balance Sheet
Assets Liabilities & Equity

Cash Equity
3000 1000 3000
1200 250
2700 150 0 3000
900 Total Equity 3,000
200
6900 2500 Trade Payables
Total Cash 4,400 250

PP&E 0 250
1000 100 Total Trade Payables 250

1000 100
Total PP&E 900

Raw Materials
500 400
900 900

1400 1300
Total Raw Materials 100
 Income Statement
Liabilities & Equity Expenses

Cost of goods sold Revenues

400 1200
900 2700

1300 3900
Total Cogs 1,300 Total Revenues 3,900

Utility expenses
150
200

350
Total Utilities 350

Depreciation
100

100
Total Depreciation 100
Income
Balance Sheet

As of 20th August 2015

Assets Liabilities & Equity
Cash 4,400 Trade Payables 250
PP&E 900
Raw Materials 100 Equity 5,150
Total Assets 5,400 Total Liabilities & Equity 5,400

Check 0
Income Statement

Income Statement FY15

Revenues 3,900
Cost of goods sold -1,300
Gross Profit 2,600
Utility expenses -350
D&A -100
Net Income 2,150