Feelings To Pleasure by Jereliz Journal Entry 2014 Account Title
Feelings To Pleasure by Jereliz Journal Entry 2014 Account Title
Feelings To Pleasure by Jereliz Journal Entry 2014 Account Title
JOURNAL ENTRY
2014
Transaction
Number ACCOUNT TITLE DEBIT CREDIT
50 Cash ₱ 5,000,000
Supplies 850,000
Building 1,000,000
Land 1,000,000
Eqipment 500,000
Caluya, Capital 8,350,000
52 Supplies 2,000,000
Cash 400,000
Accounts Payable 1,600,000
56 Land 1,000,000
Loans Payable 1,000,000
Adjustments:
62 AccountsPayable 100,000
Cash 100,000
63 Cash 2,000,000
Service Revenue 1,500,000
Accounts Payable 500,000
69 Cash 1,000,000
Service Revenue 1,000,000
REVENUES
Service Revenues 4,000,000.00
Total Revenues
EXPENSES
Taxes and Licenses 100,000.00
Salaries Expense 300,000.00
Supplies Expense 200,000.00
Utilities Expense 150,000.00
Advertising Expense 100,000.00
Depreciation Expesense-Building 200,000.00
Depreciation Expesense-Equipment 100,000.00
Depreciation Expesense-Delivery Vehicle 300,000.00
Doubtful Account Expense 100,000.00
Income Tax Expense 694,600.00
Percentage Expense 120,000.00
Total Expenses
PROFIT
ASSETS
CURRENT ASSETS
Cash 5,719,050.00
Accounts Receivable 1,000,000.00
Allowance for Doubtful Accounts 100,000.00 900,000.00
Trade and Other Receivable 500,000.00
Supplies 2,850,000.00
Total Current Assets
NON-CURRENT ASSETS
Land 2,000,000.00
Delivery Vehicle 1,500,000.00
Less: Accumulated Depreciation
300,000.00
Delivery Vehicle 1,200,000.00
Building 1,000,000.00
Less: Accumulated Depreciation
200,000.00
Building 800,000.00
Equipment 500,000.00
Less: Accumulated Depreciation
100,000.00
Equipment 400,000.00
Total Non-Current Assets
Total Assets
LIABILITIES
CURRENT LIABILITIES
Accounts Payable 3,500,000.00
Salaries Payable 200,000.00
Income Tax Payable 173,650.00
Percentage Tax Payable 10,000.00
Total Current Liabilities
NON-CURRENT LIABILITIES
Loans Payable 1,000,000.00
Total Non-Current Liabilities
Total Liabilities
OWNER'S EQUITY
Caluya, Capital, 2014 End
Total Liabilities and Owner's Equity
FEELINGS TO PLEASURE by JERELIZ
CASH FLOW
2014
4,000,000.00
2,364,600.00
1,635,400.00
LIZ
TY
8,350,000.00
1,635,400.00
9,985,400.00
500,000.00
9,485,400.00
LIZ
9,969,050.00
4,400,000.00
14,369,050.00
3,883,650.00
1,000,000.00
4,883,650.00
9,485,400.00
14,369,050.00
LIZ
(1,050,000.00)
(500,000.00)
(1,550,000.00)
5,000,000.00
3,450,000.00
FEELINGS TO PLEASURE by JERELIZ
INCOME STATEMENT
2014
REVENUES
Service Revenues 4,000,000.00
Total Revenues 4,000,000.00
EXPENSES
Taxes and Licenses 100,000.00
Salaries Expense 300,000.00
Supplies Expense 200,000.00
Utilities Expense 150,000.00
Advertising Expense 100,000.00
Depreciation Expesense-Building 200,000.00
Depreciation Expesense-Equipment 100,000.00
Depreciation Expesense-Delivery Vehicle 300,000.00
Doubtful Account Expense 100,000.00
Income Tax Expense 694,600.00
Percentage Expense 120,000.00
Total Expenses 2,364,600.00
PROFIT 1,635,400.00
FEELINGS TO PLEASURE by JERELIZ
STATEMENT OF CHANGES IN EQUITY
2014
ASSETS
CURRENT ASSETS
Cash 5,719,050.00 -
Accounts Receivable 1,000,000.00
Allowance for Doubtful Accounts 100,000.00 900,000.00
Trade and Other Receivable 500,000.00
Supplies 2,850,000.00
Total Current Assets 9,969,050.00
NON-CURRENT ASSETS
Land 2,000,000.00
Delivery Vehicle 1,500,000.00
Less: Accumulated Depreciation
300,000.00
Delivery Vehicle 1,200,000.00
Building 1,000,000.00
Less: Accumulated Depreciation
200,000.00
Building 800,000.00
Equipment 500,000.00
Less: Accumulated Depreciation
100,000.00
Equipment 400,000.00
Total Non-Current Assets 4,400,000.00
Total Assets 14,369,050.00
LIABILITIES
CURRENT LIABILITIES
Accounts Payable 3,500,000.00
Salaries Payable 200,000.00
Income Tax Payable 173,650.00
Percentage Tax Payable 10,000.00
Total Current Liabilities 3,883,650.00
NON-CURRENT LIABILITIES
Loans Payable 1,000,000.00
Total Non-Current Liabilities 1,000,000.00
Total Liabilities 4,883,650.00
OWNER'S EQUITY
Caluya, Capital, 2014 End 9,485,400.00
Total Liabilities and Owner's Equity 14,369,050.00
FEELINGS TO PLEASURE by JERELIZ
CASH FLOW
2014