AHUNA, INC.

Journal

Date Particulars Debit $ Credit $

Cash A/c 1,200
Mar,3
Accounts Receivable 1,200
Cooking Supplies A/c 700
Mar,11
Cash A/c 700
Accounts Payable 200
Mar,15
Cash A/c 200
Cash A/c 4,000
Mar,20
Capital Stock A/c 4,000
Accounts Receivable 6,200
Mar,24
Client Revenue A/c 6,200
Salaries Expense A/c 900
Mar,27
Cash A/c 900
Travel Expense A/c 400
Mar,30
Cash A/c 400
Printing Expense A/c 300
Mar,31
Printing Expenses Payable A/c 300

CASH ACCOUNT

Date Particulars Debit Credit Balance

Mar, 1 Balance 5,700
Mar, 3 Account Receivable 1,200 6,900
Mar, 11 Cooking Supplies 700 6,200
Mar, 15 Accounts Payable 200 6,000
Mar, 20 Capital Stock 4,000 10,000
Mar, 27 Salaries Expense 900 9,100
Mar, 30 Travel Expense 400 8,700

ACCOUNTS RECEIVABLE

Date Particulars Debit Credit Balance

Mar, 1 Balance 1,800
Mar, 3 Cash 1,200 600
Mar, 24 Client Revenue 6,200 6,800
 ACCOUNTS PAYABLE

Date Particulars Debit Credit Balance

Mar, 1 Balance 300
Mar, 31 Cash 300 600

COOKING SUPPLIES ACCOUNT

Date Particulars Debit Credit Balance

Mar, 1 Balance 800
Mar, 11 Cash 700 1,500

CAPITAL STOCK ACCOUNT

Date Particulars Debit Credit Balance

Mar, 1 Balance 6,000
Mar, 20 Cash 4,000 10,000

CLIENT REVENUE ACCOUNT

Date Particulars Debit Credit Balance

Mar, 1 Balance 5,800
Mar, 24 Accounts Receivable 6,200 12,000

SALRIES EXPENSES ACCOUNT

Date Particulars Debit Credit Balance

Mar,1 Balance 3,100
Mar, 27 Cash 900 4,000

TRAVEL EXPENSES ACCOUNT

Date Particulars Debit Credit Balance

Mar,1 Balance 1,500
Mar, 30 Cash 400 1,900
 PRINTING EXPENSES ACCOUNT

Date Particulars Debit Credit Balance

Mar, 1 Balance 600
Mar, 31 Accounts Payable 300 900

AHUNA, INC.
TRAIL BALANCE
MARCH 31, 2011

Account Title Debit $ Credit $

Cash 8,700
Accounts Receivable 6,800
Cooking Supplies 1,500
Accounts Payable 400
Dividends Payable 500
Dividends 500
Capital Stock 10,000
Retained Earnings 1,400
Client Revenue 12,000
Salaries Expense 4,000
Travel Expense 1,900
Printing Expense 900
24,300 24,300
 AHUNA, INC.
Income Statement
For the period ended March 31, 2011

$ $
Revenue:
Client Revenue 12,000
Less Expenses:
Salaries Expense 4,000
Travel Expense 1,900
Printing Expense 900 6,800
Net Profit 5,200

AHUNA, INC.
Retained Earnings
For the period ended March 31, 2011

$
Opening Balance 1,400
Add: profit 5,200
6,600
Less: Dividend (500)
Closing Balance 6,100
 AHUNA, INC.
Balance Sheet
As at March 31, 2011

$ $
Assets:
Cash 8,700
Accounts Receivable 6,800
Cooking Supplies 1,500
Total Assets: 17,000
Liabilities and Equity
Liabilities
Accounts Payable 400
Dividend Payable 500
Total Liabilities 900
Equity:
Capital Stock 10,000
Retained Earnings 6,100
Total Equity 16,100
Total Liabilities and Equity 17,000