Date Description Post Ref Debit

2014
Jan. 1 Sales 100,000
Dr.Who, Capital
Invested by Owner
Jan. 3 Organization Expense 7,500
Cash

Jan 5 Prepaid Insurance 10,000

Cash

Jan 10 Computers 10,000

Cash

Jan 11 Furniture and Fixtures 15,000

Accounts Payable

Jan 15 Cash 30,000

Notes Payable

Jan 17 Cash 35,000

Professional Fees

Jan 20 Accounts Recievable 21,000

Professional fees

Jan 30 Cash 21,000

Accounts Recievable

Jan 31 Rent Expense 10,000

Utilities Expense 2,500
Salaries Expense 15,000
Cash

Jan 31 Dr. Who, Drawing 3,000

Cash
Credit

100,000

7,500

10,000

10,000

15,000

30,000

35,000

21,000

21,000

27,500

3,000
Cash Account 101 Accounts Recievable
Date Debit Credit Balance Date Debit
1-Jan-14 100,000 100,000 20-Jan-14 21,000
3-Jan-14 7,500 92500 30-Jan-14
5-Jan-14 10,000 82500
10-Jan-14 10,000 72500
15-Jan-14 30,000 102500
17-Jan-14 35,000 137500
30-Jan-14 21,000 158500
31-Jan-14 27,500 116500
31-Jan-14 3,000 128000

Prepaid Insurance Account 131

Date Debit Credit Balance Furnitures and Fixtures
5-Jan-14 10,000 10,000 Date Debit
11-Jan-14 15,000
Computers Account 150
Date Debit Credit Balance Accounts Payable
10-Jan-14 10,000 10000 Date Debit
11-Jan-14
Notes Payable Account 212 Dr. Who, Capital
Date Debit Credit Balance Date Debit
15-Jan-14 30,000 30,000 1-Jan-14

Dr. Who, Drawing Account 301 Professional Fees

Date Debit Credit Balance Date Debit
31-Jan-14 3,000 3,000 17-Jan-14
20-Jan-14
Salaries Expense Account 611 Rent Expense
Date Debit Credit Balance Date Debit
31-Jan-14 15,000 15,000 31-Jan-14 10,000
Utilities Expense Account 621 Organization Expense
Date Debit Credit Balance Date Debit
31-Jan-14 2,500 2,500 3-Jan-14 7,500
Account 111
Credit Balance
21,000
21,000 0

Account 145
Credit Balance
15,000

Account 201
Credit Balance
15,000 15,000
Account 300
Credit Balance
100,000 100,000

Account 406
Credit Balance
35,000 35,000
21,000 56,000
Account 615
Credit Balance
10,000
Account 625
Credit Balance
7,500
 Trial Balance

Account Name Debit Credit

Cash 128,000
Accounts Recievable 0
Prepaid Insurance 10,000
Furnitures and Fixtures 15,000
Computers 10,000
Accounts Payable 15,000
Notes Payable 30,000
Dr. Who, Capital 100,000
Dr. Who, Drawing 3,000
Professional Fees 56,000
Saleries Expense 15,000
Rent Expense 10,000
Utilities Expense 2,500
Organization Expense 7,500
Total 201,000 201,000
 Dr. Who Clinic
Statement of Comprehensive Income
For the Year Ended January 31, 2014
Revenue
Fees Income 56,000

Expenses
Saleries Expense 15,000
Rent Expense 10,000
Utilities Expense 2,500
Organization Expense 7,500

Total Expenses 35,000

Net Income 21,000

Dr.Who Clinic
Statement of Owner's Equity
For the Year Ended January 31, 2014
Dr. Who, Capital, Beg 100,000
Net Income 21,000
Less: Withdrawals 3,000
Increase In Capital 18,000
Dr. Who Capital, End 118,000

Dr.Who Clinic
Statement of Financial Position
For the Year Ended January 31, 2014

Assets Liabilities
Cash 128,000 Accounts Payable 15,000
Accounts Recievable 0 Notes Payable 30,000
Prepaid Insurance 10,000
Furnitures and Fixtures 15,000 Owners Equity
Computers 10,000 Dr. Who Capital, End 118,000
Total Assets 163,000 Total Liabilities and 163,000
Owners Equity