merry Syste + Perpeiva) C + pertodale Sree aw senngpen\ vw wign volume with iow €or Se acpi afl anecoeel Ly nemogenous i > peterogenors See ee snere Sn purenase ( period we mamnaaing 2 aerailed eas) sunt ppmaterm> © ree on Boar anipping fens (_- eree on goad pamnamion tw BUYER cnoviders cos? \ we eet Be ereviters cost [__& vecord_n_preigi -00+ (delivery op) Donets ene ay ene coe oe Ly recordin MF ener wevger upon denver) (ene desrinanon pierms of sale 5 rree on Board ws a verm Le perouns rw me transporranion cost incurrée! in she delivery) ef gpa edit term, TZ encournge pinmpt payment = bulk permmase or sate ea . _ umber ec days format a fio pf 20 a a ecpune att lita LP? _°/o bf aiscouns (either pummase or sale) Le no of days fr ascomt period Merchandising pefinrnon : = type of wusiness org. which is engaged im the purchasing of mercnandise from uppers at _n cost anol selling mese items te a custemer ata nigner pricei ta our nal — Th arms necevalnie —eeSiaT. Disa tes wsaies on acuount ep evsomers 4, soit F ab, ove t fro a [30 2) accounts Payable - svesit ay Ledger 2) Puro ase uvurnat My cuppiie rs by puremase 9h accouns = tb ex. gougint % 25, 000- jt, 2/30. 2) casa Reimbursement sournal —— +P receipts trom wat ever souree. a by ex. collecd payment erom_ous mers bn acount - ses imandie_in_ cas 4) tasty pusoursemens sournay, a w payment for wnadever purpese 4 ox. povgni menmandisc, cach on _aenvery, w recorded aways in cash : eS bh Tah UIT a Qanalyzing us. trangachens __a) Recording 9us. rransacnens. wormal Barance (incrense de) Mowme_ot company. ep) — a |b —keas permanent General govrna | ae c ely Pye _| scl Kk yomin!_/remporany pare |raricotars [er | ‘on | or. neal creat Debir [xxx credit XxX Exptaranen 5 GimeceVoURNAL ENTRIES FOR MERCH AN DISING Date: eu YER SELLER MermMandise ierory «nx puren age of mercmandise os XXX 5m asin in cas saies woes 10 record purchase inibot 1 record! sales in cash O54 Of CDOS SoIA xxx Mr wer 10 record Cost of ocoos IA men. Puremase of meronandise on |acemis. Receiwable xxx Accounn Payable account sae s bern 10 record ought on expiana-non auount cOGS xx Mt Xo Expiananon wet purunase of meronandise on _|casn aot ve cas meeourts uot _aeuin fame __| AE xx ale sates wor xe cows aces wet xx Ale xxx. [Pa ymoni pt mercnandise | ASW x x x emp xxx —foougina on account w/o _ A/R- xx PPUreM Ase ohiscount F Record goies Ht pri soi = FU price > saies fe soih gnch recovel COCK at ts or'Q inal cast Inventory cose = #] => CObSere BuseER sivAanes SBLLER al P. x Paymens of merenanaise |casM. Xx cosy | wovgnt on account with |saies pis Count exe wet x) purcmase iscouns ale a aLe Rowen of _merenanalise SO1eS REWIN 4 AllowANCES Yep Met as ough on _acvoon+ a/R ~ By Mir soo 06S xc cas Return of _merenanclise bkA x Mer bougnt with -casn casy Ax wd. xx | coos xe ME. Foe shipping Poms cms |< "22 Zit SER Leno | —Arcecorml shipment = o@ pesinanon rel = our = le 6 alc handeerta "| easy to vecord ereiant - — out moromandise inventory “= rteers sn item wovgMt py a pusines) tor me purpore of reselli9g =e. ending = * aka smo lassified gS a current asset in the SFP beau it 18 expecsed ro provide furyrt wencAir py vaing sold weinin a period! of year tence sole yne usiness evpecrs m receive casn fom ane encoo ater + teal encounter aesDate: 3) Pasting Business wansacnons wame ef Busmess cenemi reager FoR PES —— — poem Are Accom. wame And. eccound mame ARCOM. NO. \ vole GF we | pate GIH xx~ parney iar \s vevit | care | earncuar|er | credit ome exe cd footw EX dee ons tpn. ‘xx )4 amount Te be ect ene fonadjlsces Tas Saran a) unadjussred qwial Barance | i | _tompany Name. * ARRAWGEMENT OF ACCOUNTS unadjusted trim Patan a) cure fissets | CRIP. 1051 pay of me mon ie +5) Non -cunert “accent # | scent. ware | oa | ce | c) cement Liabilimes / AN SUITUC =| 3) Won -curem C MOL eillL foe 2 )OE> CRE (ssWUTCDDAIR) Ww 5) Adjustments tivgsron | FORMULA ENTRY used up pornon [ob vawe -usepur | suppres exp er or sppies | ou vaue x vsepuel — unuied supphes PTE +o_adjusy wed up gornon of suppiles 2% ncquis\nen ptprecinnon {see non expense -O/M/a/r + 1-18 = 454 cost - sovage ina — ar necumuiared oepreiomen - 6M AF eae Taek velo achat 1 adyuS? a momne) ae aera Cost = SV wore Years of depreaanon +le-31= ast | ¥ of ul Wa for BIM/A/F = sort urmy ad @anee monmDate: ©) Adjusted trim) Baiance Ut B® Aajostmerr ope ran On _— br or + vi = a : (record AT on te or cr = { Side of me accande or or - J x same Arrangement except ter tne ce” c a c k 8 R ADA Rocu Dep -B E Ss wUTCod AIR > fans exp, = Ze 1 vi Ww P Accu. vep - a oe Fr 1 Gimements of GB and ce company vane Company name Smiement pe comprenensivé income SiMe mens of cnanHes in Equity — pate care ror soies Pixxx ie | tor the yemr eydled | tapisas, Beginning Pixxx Less smies Distoun + Fix | pot: Bolclitiona’ Investment Px xx gales Re TUFN jplionances: xa _(4nx') Net income, XxXY kx Net soe s He Fx _|yuvr1a) xe ss Is Lax) | Less + prawing Px Gross Pro + xx | _Ned Less Xx Coe) LESS operinn 9 expense copra, end Pax Expensesoa D_Sioement of finan ro|_Fosnon, NOMe of Company SAoemem ef Financial Fasinen Dare ASSETS - EID BUI TLESs curcen4 AsseaS_ unre ns Liablin _¢ Fixxw b PK R xxx exe Rliow. DB (xxx) 5 — ce i xxx v ay rae f Kory : rota wrrent asset Fm t wey won - current Assert v = Ba Pxxx a c xX & xx . 110 OL #2 % a yoo : Non- coment Liaialihes a xy em Fx : ee 6 Yoo Rou: ep 0009 L xx Teta woncurrent F xxx TAI NCL Pixxx ‘poig BSSe+$ xXx TIAN pawiline> Pixxx ownrk’s EQur ty chpaml, eng yx 1biM! Liapiines 4 06 F xxxwolivanon — bad news OVIQINA! Amount x Ye of Formvia tecewavle poupiful | pnowance ‘or _ pevorfel Acccunt eniriy pecounis txpense. TO adyee __ %/e OF uncollectite ycariy, cevepaid ueme PAN \ aicoUMs rece VAIE nipoute—____|dverasing /insurrce / pert Te of gents prepma All (2 Acwa) 1D _adyust months of Arig Zoenieee exprea a/ile 12 —Accrved expense’ Leer) se souanies / uriiittes / interest / Tax_ exp Le expenses incurred | sauaries = vased on daily s/u/\/t Payable bur not_yet_pad eB Cican THPS rtcexseatn 1 _oQyust_accral of suit peferred Revenues unearned revenue x “/ lengira enny * eamed te evenves mar nave cash been collecred bu ror unearned! revenve yet_earneo Kdeperds en conve o~ ro recora Adjusnng Entity Unearnedl REVEN Le Service Revenve s adjust ele ot acorved Revenucs monans (ers Le negrncd revenues Accounts Recei vale Ww Revenves carned — 7 service Revenve bur nor yer collected € depends on sinmton & qo adjust1) closing enirie cose ws 1) eevenve 4 conrrm-revet | ca po x Aoves pis toun4 Coles Resurn 4 Hllowances rad |__income summary i € revenue acco’ 2) expense In Lome summary. eX oe fbst_or _boods Sola Je Operanng sxpenes xx to close expense _nccoun + 3) praw ing owners 64 pirat roc ee oe Mm einie ArAwinh account 4) wei income income vurnmary yoo pwner S$ capita) ae cloS€ net income ft? income SYUMMa s) vet 10. Owner 3 Capita) doex into yn fommMary KK | > clos@ net joss po income suMMaY _ * Moke sue deo 4 eedit for poth ce » PCTS are valaned to) por - closing tra! Balance lb saMe steps as ane OANET trial Balances be recor only unti! eaptal, end sinte mS aceamnts fer Me whole auner ‘s equiny bb eASed ON Statement 0 Financial Pos +