ASSETS

DATE
MAY CASH ACCOUNTS RECEIVABLE
OFFICE EQUIPMENTOFFICE SUPPLIES
2 92,500
3 36,800
4 17,100
6 29,200
7 19,500
8 4,100
10 38,000
12 14,200
13 9,750 9,750
16 650
19 14,600
22 4,650
23 8,150
25 10,300
26 31,600
27 5,500
28 3,250
TOTAL: 13,200 51,050 36,800 21,750
407,300
 Salvacion Capistrano
May 2008
LIABILITIES OWNER'S EQUITY

LIBRARY BUILDINGACCOUNTS PAYABLENOTES PAYABLE CAPITAL DRAWING

92,500
36,800
17,100

19,500
4,100
265,000 227,000

4,650
8,150

19,500 265,000 54,450 227,000 84,350

281,450
407

ASSETS=LIABILITY+EQUITY+REVENUE-EXPENSE
407,300=407,300
 REVENUE EXPENSE

SERVICE INCOME SALARIES TELEPHONE BILL

PROFESSIONAL DUES RENT

29,200

14,200

650
14,600

10,300
31,600
5,500
3,250
75,400 24,500 650 5,500 3,250
33,900
407,300
MAY PARTICULAR PR DEBIT
2 CASH 92,500
SALVACION CAPISTRANO CAPITAL
INVESTMENT OF SALVACION CAPISTR

3 OFFICE EQUIPMENT 36,800

ACCOUNTS PAYABLE
PURCHASED OFFICE EQUIPMENT

4 OFFICE SUPPLIES 17,100

ACCOUNTS PAYABLE
PURCHASED OFFICE SUPPLIES

6 ACCOUNTS RECEIVABLE 29,200

SERVICE INCOME
INCOME RECEIVED

7 LIBRARY 19,500
CASH
PAYMENT FOR TAX&BOOKS

8 CASH 4,100
ACCOUNTS PAYABLE
PAYMENT TO LORENZO OFFICE SUPPL

10 BUILDING 265,000
CASH 38,000
NOTES PAYABLE
COMDUMINIUM UNIT

12 SALARIES EXPENSE 14,200

CASH
SALARIES EXPENSE

13 CASH 9,750
ACCOUNTS RECEIVABLE

16 TELEPHONE BILL 650

CASH
TELEPHONE EXPENSE
19 CASH 14,600
SERVICE INCOME
INCOME FROM PONFERADA BOOK CO

22 OFFICE SUPPLIES 4,650

ACCOUNTS PAYABLE
OFFICE SUPPLIES PAYABLE

23 SALVATTION CAPISTRANO WITHDREW 8,150

CASH
RECORD WITHDRAWAL OF CAPISTRAN

25 SALARIES EXPENSE 10,300

CASH
SALARIES EXPENSE

26 ACCOUNTS RECEIVABLE 31,600

SERVICE INCOME
INCOME RECEIVED FROM BILLED BOSA

27 PROFESSIONAL EXPENSE 5,500

CASH
PROFESSION EXPENSE

28 RENT EXPENSE 3,250

CASH
CREDIT

92,500

36,800

17,100

29,200

19,500

4,100

227,000

14,200

9,750

650
14,600

4,650

8,150

10,300

31,600

5,500

3250
ACCOUNT TITLE: CASH
ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
May 2 Initial Investment 92,500 92,500
7 19,500 73,000
8 4100 68,900
10 38,000 30,900
12 14,200 16,700
13 9,750 26,450
16 650 25,800
19 14,600 40,400
23 8,150 32,250
25 10,300 21,950
27 5,500 16,450
28 3250 13,200

ACCOUNT TITLE: ACCOUNTS RECEIVABLE

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
May 6 29,200 29,200
13 9,750
26 31,600 51,050

ACCOUNT TITLE: OFFICE EQUIPMENT

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
May 3 36,800 36,800

ACCOUNT TITLE: OFFICE SUPPLIES

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
May 4 17,100 17,100
22 4,650 21,750

ACCOUNT TITLE: LIBRARY

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
May 7 19,600 19,500

ACCOUNT TITLE: BUILDING

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
May10 265,000 265,000

ACCOUNT TITLE: ACCOUNTS PAYABLE

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
May 3 36,800 36,800
4 17,100 53,900
8 4,100
22 4,650 54,450

ACCOUNT TITLE: NOTES PAYABLE

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
May 10 227,200

ACCOUNT TITLE: CAPITAL

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
May 2 92,500

ACCOUNT TITLE: DRAWING

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
 May 23 8,150 8,150

ACCOUNT TITLE: SERVICE INCOME

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
May 6 29,200
19 14,600
26 31,600

ACCOUNT TITLE: SALARIES

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
May 12 14,200 14,200
25 10,300 24,500

ACCOUNT TITLE: TELEPHONE EXPENSE

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
May 16 650 650

ACCOUNT TITLE: PROFESSIONAL DUES

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
May 27 5,500 5,500

ACCOUNT TITLE: RENT

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
May 28 3,250 3,250
BALANCE
CREDIT

BALANCE
CREDIT

19,450

BALANCE
CREDIT

BALANCE
CREDIT
BALANCE
CREDIT

BALANCE
CREDIT

BALANCE
CREDIT

49,800

BALANCE
CREDIT
227,200

BALANCE
CREDIT
92,500

BALANCE
CREDIT
BALANCE
CREDIT
29,200
43,800
75,400

BALANCE
CREDIT

BALANCE
CREDIT

BALANCE
CREDIT

BALANCE
CREDIT
 SALVACION CAPISTRANO
WORKKSHEET
May 1
TRIAL BALANCE
PR DESCRIPTION DEBIT CREDIT
CASH 13,200
ACCOUNTS RECEIVAB 51,050
OFFICE EQUIPMENT 36,800
OFFICE SUPPLIES 21,750
LIBRARY 19,500
BUILDING 265,000
ACCOUNTS PAYABLE 54,450
NOTES PAYABLE 227,000
CAPISTRANO CAPITAL 92,500
CAPISTRANO DRAWIN 8,150
SERVICE INCOME 75,400
SALARIES EXPENSE 24,500
TELEPHONE EXPENSE 650
PROFESSIONAL DUES 5,500
RENT 3,250
TOTAL 449,350 449,350