SOLE PROPRIETORSHIP

SALES AND CASH RECEIPTS TRANSACTIONS

PRO-FORMA ACCOUNTING ENTRIES AND RECORDING
FOR QUICKBOOKS PRO 2010

Transaction Source Accounting Recording to

Description Doc. Entry Quickbooks
1. Collection of cash CRV Cash on Hand xxx HOME  COMPANY MAKE JOURNAL ENTRYSET DATESELECT CASH
advances from non- Advances – Others xxx ON HAND ENTER AMOUNTENTER EXPLANTIONSELECT CLASS
employyes. MAHADI VENTURESSELECT ADVANCES OTHERSSSELECT
NAMESSELECT MAHADI VENTURES
2. Collection of cash CRV Cash on Hand xxx HOME  COMPANY MAKE JOURNAL ENTRYSET DATESELECT CASH
advance from Advances – Employees xxx ON HAND ENTER AMOUNTENTER EXPLANTIOSELECT CLASS MAHADI
employees VENTURESSELECT ADVANCES EMPLOYEESSELECT NAMESELECT
CLASS MAHADI VENTURES.
3. Received cash from CRV Cash on Hand xxx HOME  COMPANY MAKE JOURNAL ENTRYSET DATESELECT CASH
JCA additional capital. JCA Capital xxx ON HAND ENTER AMOUNTENTER EXPLANTIONSELECT CLASS
MAHADI VENTURESSELECT JCA CAPITALSELECT CLASS MAHADI
VENTURES.
4. Sold and delivered GV A/R – Trade xxx HOME  COMPANY MAKE JOURNAL ENTRYSET DATESELECT A/R-
copra on account (not Sales – Copra xxx TRADE ENTER AMOUNTENTER EXPLANTIONSELECT
paid outright) CUSTUMERSELECT CLASS MAHADI VENTURESSELECT SALES-
COPRASELECT CLASS SV WHOLESALETRADE.
5. Sold and delivered CRV Cash on Hand xxx HOME  COMPANY MAKE JOURNAL ENTRYSET DATESELECT CASH
copra paid in cash Sales – Copra xxx ON HAND ENTER AMOUNTENTER EXPLANTIONSELECT
CUSTUMERSELECT CLASS MAHADI VENTURESSELECT SALES-
COPRASELECT CLASS SV WHOLESALETRADE.
6. Sold and delivered GV A/R – Trade xxx HOME  COMPANY MAKE JOURNAL ENTRYSET DATESELECT A/R-
sacks of rice on Sales – Rice xxx TRADE ENTER AMOUNTENTER EXPLANTIONSELECT
account (not paid CUSTUMERSELECT CLASS MAHADI VENTURESSELECT SALES-
outright) RICESELECT CLASS SV WHOLESALETRADE.
7. Received check for CRV Cash on Hand xxx HOME  COMPANY MAKE JOURNAL ENTRYSET DATESELECT CASH
rental payments Income – P&ELeasing ON HAND ENTER AMOUNTENTER EXPLANTIONSELECT
CUSTUMERSELECT CLASS MAHADI VENTURESSELECT INCOME-P&E
LEASINGSELECT CLASS SV P&ELEASING.
MAHADI VENTURES
PURCHASES AND CASH DISBURSEMENTS TRANSACTIONS
PRO-FORMA ACCOUNTING ENTRIES AND RECORDING
FOR QUICKBOOKS PRO 2010

Transaction Source Accounting Recording to

Description Doc. Entry Quickbooks
1. Deposited checks on CDV Cash in Bank xxx HOME  COMPANY MAKE JOURNAL ENTRYSET DATESELECT CASH
hand to the bank. Cash on Hand xxx IN BANK ENTER AMOUNTENTER EXPLANTIONSELECT CLASS
MAHADI VENTURESSELECT CASH ON HANDSELECTSELECT CLASS
MAHADI VENTURES.
2. Cash advance given to CDV Advances – Officers & Emp. xxx HOME  COMPANY MAKE JOURNAL ENTRYSET DATESELECT
employees. Cash on Hand xxx ADVANCES – OFFICERS & EMPLOYEES ENTER AMOUNTENTER
EXPLANTIONSELECT NAMESELECTCLASS MAHADI
VENTURESSELECT CASH ON HANDSELECT CLASS MAHADI VENTURES.
3. Cash advances given CDV Advances – Others xxx HOME  COMPANY MAKE JOURNAL ENTRYSET DATESELECT
to non-employees Cash on Hand xxx ADVANCES – OTHERS & EMPLOYEES ENTER AMOUNTENTER
EXPLANTIONSELECT NAMESELECTCLASS MAHADI
VENTURESSELECT CASH ON HANDSELECT CLASS MAHADI VENTURES.
4. Paid labor for building CDV Building and Improvements xxx HOME  COMPANY MAKE JOURNAL ENTRYSET DATESELECT
construction. Cash on Hand xxx BUILDING & IMPROVEMENTS ENTER AMOUNTENTER
EXPLANTIONSELECT NAMESELECTCLASS MAHADI
VENTURESSELECT CASH ON HANDSELECT CLASS MAHADI VENTURES.
5. Paid groceries for CDV Sustenance and Housekeeping xxx HOME  COMPANY MAKE JOURNAL ENTRYSET DATESELECT
house/office Cash on hand xxx SUSTENANCE AND HOUSEKEEPING ENTER AMOUNTENTER
consumption EXPLANTIONSELECT NAMESELECTCLASS MAHADI
VENTURESSELECT CASH ON HANDSELECT CLASS MAHADI VENTURES.
6. Paid for delivering CDV Delivery Expense xxx HOME  COMPANY MAKE JOURNAL ENTRYSET DATESELECT
copra to Tamban Cash on Hand xxx DELIVERY EXPENSE ENTER AMOUNTENTER EXPLANTIONSELECT
NAMESELECTCLASS MAHADI VENTURESSELECT CASH ON
HANDSELECT CLASS MAHADI VENTURES.
7. Paid for trucking to CDV Delivery Expense xxx HOME  COMPANY MAKE JOURNAL ENTRYSET DATESELECT
copra milling buyer Cash on Hand xxx DELIVERY EXPENSE ENTER AMOUNTENTER EXPLANTIONSELECT
NAMESELECTCLASS MAHADI VENTURESSELECT CASH ON
 HANDSELECT CLASS MAHADI VENTURES.

MAHADI VENTURES
NON-CASH TRANSACTIONS
PRO-FORMA ACCOUNTING ENTRIES AND RECORDING
FOR QUICKBOOKS PRO 2010

Transaction Source Accounting Recording to

Description Doc. Entry Quickbooks
1. Received construction GV Building and Improvements xxx HOME  COMPANY MAKE JOURNAL ENTRYSET DATESELECT
materials from naga JCA Capital BUILDING AND IMPROVEMENTS ENTER AMOUNTENTER
paid by JCA EXPLANTIONSELECT NAMESELECTCLASS MAHADI
VENTURESSELECT JCA CAPITALSELECT CLASS MAHADI VENTURES.
2. Advances of laborer GV Advances – Others xxx HOME  COMPANY MAKE JOURNAL ENTRYSET DATESELECT
given by JCA JCA Capital xxx ADVANCES - OTHERS ENTER AMOUNTENTER EXPLANTIONSELECT
NAMESELECTCLASS MAHADI VENTURESSELECT JCA
CAPITALSELECT CLASS MAHADI VENTURES.