MR.

ROSIAK FASHION CENTER

ADJUSTING JOURNAL
31 December 2014

Date Description Account Ref Debit

2014
December 31 Supplies Expense $ 4,100
- Supplies

31 Depreciation Expense $ 11,500

- Accumulated Depr.of Equip

31 Interest Expense $ 4,000

- Interest Payable

31 Cost of Good Sold $ 180

- Merchandise Inventory

AMOUNT $ 19,780
 Credit

$ 4,100

$ 11,500

$ 4,000

$ 180

$ 19,780
 MR. ROSIAK FAS
WORKS
31 Decem

Number
Account Name Trial Balance Adjusting
Account
101 Cash $ 8,700
102 Accounts Receivable $ 27,700
105 Merchandise Inventory $ 44,700
106 Supplies $ 6,200
121 Equipment $ 133,000
122 Accumulated Depr.of Equipment $ 23,000
201 Notes Payable $ 51,000
202 Accounts Payable $ 48,500
203 Interest Payable
301 Share Capital Ordinary $ 50,000
302 Retairned Earnings $ 38,000
303 Dividen $ 8,000
401 Sales $ 755,200
402 Sales Return and Allowance $ 12,800
501 Cost of Good Sold $ 497,400 $ 180
502 Wages & Salaries Expense $ 136,000
503 Advertising Expense $ 24,400
504 Utilities Expense $ 14,000
505 Repair & Maintaining Expense $ 12,100
506 Freight Out $ 16,700
507 Rent Expense $ 24,000
508 Supplies Expense $ 4,100
509 Depreciation Expense $ 11,500
510 Interest Expense $ 4,000

AMOUNT $ 965,700 $ 965,700 $ 19,780

MR. ROSIAK FASHION CENTER
WORKSHEET
31 December 2014

Adjusting Trial Balance After Adjusting Income Statement

$ 8,700
$ 27,700
$ 180 $ 44,520
$ 4,100 $ 2,100
$ 133,000
$ 11,500 $ 34,500
$ 51,000
$ 48,500
$ 4,000 $ 4,000
$ 50,000
$ 38,000
$ 8,000
$ 755,200 $ 755,200
$ 12,800 $ 12,800
$ 497,580 $ 497,580
$ 136,000 $ 136,000
$ 24,400 $ 24,400
$ 14,000 $ 14,000
$ 12,100 $ 12,100
$ 16,700 $ 16,700
$ 24,000 $ 24,000
$ 4,100 $ 4,100
$ 11,500 $ 11,500
$ 4,000 $ 4,000

$ 19,780 $ 981,200 $ 981,200 $ 757,180 $ 755,200

Rugi Netto $ 1,980
$ 757,180 $ 757,180
 Balance Sheet
$ 8,700
$ 27,700
$ 44,520
$ 2,100
$ 133,000
$ 34,500
$ 51,000
$ 48,500
$ 4,000
$ 50,000
$ 38,000
$ 8,000

$ 224,020 $ 226,000
$ 1,980
$ 226,000 $ 226,000
 MR. ROSIAK FASHION AND CENTER
INCOME STATEMENT
31 December 2014

Sales/Income :
Sales Revenue $ 755,200
Sales Return & Allowance $ 12,800
Net Sales : $ 742,400.00

Cost of Good Sold $ 497,580.00

Gross Profit $ 244,820.00

Operating Expense
Wages & Salaries Expense $ 136,000
Advertising Expense $ 24,400
Utilities Expense $ 14,000
Repair & Maintaining Expense $ 12,100
Freight Out $ 16,700
Rent Expense $ 24,000
Supplies Expense $ 4,100
Depreciation Expense $ 11,500
Net Operating Expense $ 242,800.00
Operating Profit $ 2,020.00

Other Expense & Income

Interest Expense $ 4,000
Net Other Expense & Income $ 4,000.00
Net Loss $ -1,980.00
-

-
 MR. ROSIAK FASHION AND CENTER
RETAIRNED STATEMENT
31 December 2014

Retairned Earnings 1 January 2014 $ 38,000.00

Loss Profit $ -1,980.00
Devidend $ 8,000.00
Decrease $ -9,980.00
Retairned Earnings 31 December 2014 $ 28,020.00
 MR. ROSIAK FASHION AND CENTER
FINANCIAL POSITION STATEMENT
31 December 2014

Aktiva
Asset
Current Asset
Cash $ 8,700.00
Accounts Receivable $ 27,700.00
Merchandise Inventory $ 44,520.00
Supplies $ 2,100.00
Net Current Asset $ 83,020.00
Fixed Asset
Equipment $ 133,000.00
Accumulated Depreciation of Equipment $ 34,500.00
Net Fixed Asset $ 98,500.00

Amount Aktiva $ 181,520.00

HION AND CENTER
TION STATEMENT
mber 2014

Passiva
Liabilities
Current Liabilities
Notes Payable $ 51,000.00
Accounts Payable $ 48,500.00
Interest Payable $ 4,000.00

Net Liabilities $ 103,500.00

Equity
Share Capital Ordinary $ 50,000.00
Retairned Earnings $ 28,020.00
Net Equity $ 78,020.00
Amount Passiva $ 181,520.00
 MR. ROSIAK FASHION AND CENTER
CLOSING JOURNAL
31 December 2014

Date Description Account Ref Debit

2014
December 31 Sales $ 755,200.00
Income Summary

31 Income Summary $ 757,180.00

Sales Return & Allowance
Cost Of Good Sold
Wages & Salaries Expense
Advertising Expense
Utilities Expense
Repair & Maintenance Expense
Freight Out
Rent Expense
Supplies Expense
Depreciation Expense
Interest Expense

31 Retairned Earnings $ 1,980.00

Income Summary

31 Retairned Earnings $ 8,000.00

Dividend
Amount $ 1,522,360.00
 Credit

$ 755,200.00

$ 12,800.00
$ 497,580.00
$ 136,000.00
$ 24,400.00
$ 14,000.00
$ 12,100.00
$ 16,700.00
$ 24,000.00
$ 4,100.00
$ 11,500.00
$ 4,000.00

$ 1,980.00

$ 8,000.00
$ 1,522,360.00
 MR. ROSIAK FASHION AND CENTER
TRIAL BALANCE AFTER CLOSING
31 December 2014

Number
Account Name Debit Credit
Account
101 Cash $ 8,700.00
102 Accounts Receivabe $ 27,700.00
105 Merchandise Inventory $ 44,520.00
106 Supplies $ 2,100.00
121 Equipment $ 133,000.00
122 Accumulated Depr.of Equipment $ 34,500.00
201 Notes Payable $ 51,000.00
202 Account Payable $ 48,500.00
203 Interest Payable $ 4,000.00
301 Share Capital Ordinary $ 50,000.00
302 Retairned Earnings $ 28,020.00
AMOUNT $ 216,020.00 $ 216,020.00