DATE CASH ACCOUNTS RECEIVABLE SUPPLIES DELIVERY VAN

1-Jul 100,000
2 -20,000 120,000
3 -15,000
5 22,000 22,000
9 -2,000
12 1,500
15 12,500 -12,500
17
20 15,000 -5,000
23 -25,000
26 -2,500
29 -7,500
30 -30,000
-1,000
47,500 4,500 500 120,000

172,500
NOTES PAYABLE ACCOUNTS PAYABLE FEDOR, CAPITAL DRAWING REVENUE
100,000
100,000

44,000
-2,000
1,500

7,500
10,000
-25,000
2,500
-7,500

75,000 4,000 100,000 -2,000 54,000

172,500
EXPENSE ACCOUNT TITLE

-15,000 RENT EXPENSE

SERVICE INCOME

-7,500 GASOLINE EXPENSE

SERVICE INCOME

-5,000 UTILITIES EXPENSE

-30,000 SALARIES EXPENSE

-1,000 SUPPLIES EXPENSE
-58,500
 Fed Deliveries
Income Statement
for the month ended July 30,2019

Revenue:
Service Income
Less: Operating Expenses
Rent Expense -15000
Gasoline Expense -7,500
Utilities Expense -5,000
Salaries Expense -30,000
Suplies Expense -1,000
Total Operating Expense
NET LOSS:

Fed Deliveries
Statement of Financial Position
as of July 31,2019

ASSETS
Current Assets
Cash ₱47,500
Accounts Receivable 4,500
Supplies 500
TOTAL CURRENT ASSETS
Non-current Asset
Delivery Van 120,000
TOTAL NON-CURRENT ASSET
TOTAL ASSETS:
LIABILITIES & OWNERS EQUITY
Current Liabilities
Accounts Payable 4,000
TOTAL CURRENT LIABILITIES
Non-current Liabilities
Notes Payable 75,000
TOTAL NON-CURRENT LIABILITIES
TOTAL LIABILITIES:
OWNERS EQUITY:
Fedor, Capital 100,000
Fedor, Drawing -2,000
 Revenue & Expenses -4,500
TOTAL OWNERS EQUITY
TOTAL LIABILITIES & OWNERS EQUITY:
₱ 54,000

-58,500
-4,500

₱52500

120,000
172,500

4,000

75,000
79,000
 93,500
172,500