JOURNALIZING

DATE ACCOUNTS TITLE PR DEBIT CREDIT TYPE OF ACCOUNTS

feb, 1 cash 110 62,000.00 SA
arenas capital 310 62,000.00
feb, 3 cleaning supplies 130 21,400.00 SA
accounts payable 220 21,400.00
feb, 5 cleaning equipment 150 15,600.00 SA
accounts payable 220 15,600.00
feb, 6 service vehicle 160 47, 000 EA
cash 110 10,000.00
notes payable 210 37,000.00
feb, 7 rent expense 520 7,300.00 SA
cash 110 7,300.00
feb, 9 cash 110 31,800.00 SA
cleaning revenue 410 31,800.00
feb, 10 advertising expense 530 1,700.00 SA
cash 110 1,700.00
feb, 12 prepaid insurance 140 4,800.00 UA
cash 110 4,800.00
feb, 13 accounts payable 220 9,000.00 EA
cash 110 9,000.00
feb, 14 miscallaneous fee 550 2,200.00 UA
cash 110 2,200.00
feb, 15 accounts receivable 120 18,600.00 UA
cleaning services 410 18,600.00
feb, 16 salaries expense 510 8,400.00 SA
cash 110 8,400.00
feb, 20 cash 110 9,800.00 EA
accounts receivable 120 9,800.00
feb, 22 notes payable 540 2,400.00 UA
cash 110 2,400.00
feb, 25 telephone expense 540 900.00 UA
cash 110 900.00
feb, 28 salaries expense 510 7,400.00 UA
cash 110 7,400.00
feb, 28 accounts receivable 120 22,500.00 UA
cleaning revenue 410 22,500.00
feb, 28 arenas withdrawal 320 10,000.00 UA
cash 110 10,000.00
 CASH ACCOUNTS RECEIVABLE
Feb.1 62,000.00 Feb-06 10,000.00 Feb-15 18,600.00 Feb-20
Feb. 9 31,800.00 Feb-07 7,300.00 Feb-28 22,500.00
Feb-20 9,800.00 Feb-10 1,700.00
Feb-12 4,800.00
Feb-13 9,000.00 BALANCE 31,300.00
Feb-14 2,200.00
Feb-16 8,400.00
Feb-22 2,400.00
Feb-25 900.00
Feb-28 7,900.00
Feb-28 10,000.00 ACCOUNTS PAYABLE
balance 39,000.00 Feb-13 9,000.00 Feb-03
Feb-05

BALANCE

ADVERTISING EXPENSE PREPAID INSURANCE

Feb-10 1,700.00 Feb-12 4,800.00

BALANCE 1,700.00 BALANCE 4,800.00

CLEANING REVENUE NOTES PAYABLE

Feb-09 31,800.00 Feb-22 2,400.00 Feb-06
Feb-15 18,600.00
Feb-28 22,500.00

BALANCE 72,900.00 BALANCE

WITHDRAWAL
Feb-28 10,000.00 CLEANING EQUIPMENT
Feb-05 15,600.00
BALANCE 10,000.00
 CAPITAL
Feb-01 62,000.00
SERVICE VEHICLE
BALANCE 62,000.00 Feb-06 47,000.00

BALANCE 47,000.00
OUNTS RECEIVABLE CLEANING SUPPLIES
9,800.00 Feb-03 21,400.00

BALANCE 21,400.00

S PAYABLE SALARIES EXPENSE

21,400.00 Feb-16 8,400.00
15,600.00 Feb-28 7,900.00

28,000.00

AID INSURANCE

MISCALLANEOUS EXPENSE
Feb-14 2,200.00

BALANCE 2,200.00

TES PAYABLE
37,000.00
TELEPHONE EXPENSE
Feb-25 900.00

34,600.00 BALANCE 900.00

RENT EXPENSE
QUIPMENT Feb-09 7,300.00

BALANCE 7,300.00
RVICE VEHICLE
 Problem#16 Arenas Cleaning Service
Trial Balance
February 28, 2015

Account name Debit

Cash 39,000
Accounts receivable 31,300
Cleaning supplies 21,400
Prepaid insurance 4,800
cleaning equipment 15,600
service vehicle 47,000
notes payable
accounts payable
arenas capital
arenas withdrawal 10,000
cleaning revenue
salaries expense 16,300
rent expense 7,300
advertising expense 1,700
telephone expense 900
miscallaneous expense 2,200
total 197,500
Credit

34,600
28,000
62,000

72,900

197,500
 ARENAS CLEANING SERVICE
INCOME STATEMENT

Cleaning Revenue ₱ 72,900.00

Less: Expense
Salaries Expense ₱ 16,300.00
Rent Expense 7,300.00
Advertising Expense 1,700.00
Telephone Expense 900.00
Miscallaneous Expense 2,200.00
Total Expenses 28,400.00
Profit ₱ 44,500.00
 ARENAS CLEANING SERVICE
STATEMENT OF CHANGES IN OWNER'S EQUITY

Arenas, Capital, Feb 1 ₱ 62,000.00

Add: Additional Investment ₱ -
Profit ₱ 44,500.00 44,500.00
TOTAL ₱ 106,500.00

Less: Withdrawals ₱ 10,000.00

Arenas Capital, Feb 28, 2015 ₱ 96,500.00
 ARENAS CLEANING SERVICE
BALANCE SHEET

ASSETS
Current Assets
Cash 39,000.00
Cleaning Supplies 21,400.00
Prepaid Insurance 4,800.00
Account receivable 31,300.00
Total Current Assets 96,500.00

Non Current Assets

Service Vehicle 47,000.00
Cleaning Equipment 15,600.00
Total Non Current Assets 62,600.00

Total Assets 159,100.00

LIABILITIES
Current Liabilities
Notes payable 34,600.00
Accounts payable 28,000.00
TOTAL LIABILITIES 62,600.00

OWNERS EQUITY
Arenas Capital, Feb 28, 2015 96,500.00
159,100.00