Date Account Title Debit Credit

02-Jan-15 Bibo, Drawing 50,000.00

Cash in Bank 50,000.00
#
03-Jan-15 Cash in Bank 30,000.00
Unearned Service Revenue 30,000.00
#
08-Jan-15 Cash in Bank 140,000.00
Accounts Receivable 140,000.00
#
10-Jan-15 Supplies Expense 15,000.00
Accounts Payable 15,000.00
#
13-Jan-15 Accounts Payable 55,000.00
Cash in Bank 55,000.00
#
15-Jan-15 Accounts Receivable 151,000.00
Service Revenue 151,000.00
#
23-Jan-15 Cash in Bank 7,000.00
Accounts Receivable 7,000.00
#
26-Jan-15 Accounts Payable 2,000.00
Cash in Bank 2,000.00
#
27-Jan-15 Taxes and Licenses 10,000.00
Cash in Bank 10,000.00
#
31-Jan-15 Rent Expense 7,000.00
Cash in Bank 7,000.00
#
AJE #1 Cash in Bank 63,000.00
Accounts Receivable 63,000.00
#
AJE #2 Office Supplies 5,000.00
Supplies Expense 5,000.00
#
AJE #3 Unearned Service Revenue 15,000.00
Service Revenue 15,000.00
#
AJE #4 Salaries Expense 20,000.00
Accrued Salaries Expense 20,000.00
#
AJE #5 Utilities Expense 15,000.00
Accrued Utilities Expense 15,000.00
 #
AJE #6 Depreciation Expense 4,166.67
Accumulated Depreciation 4,166.67
#
AJE #7 Doubtful Accounts Expense 850.00
Allowance for Doubtful Accounts 850.00
#
CE #1 Service Revenue 166,000.00
Income & Expense Summary 166,000.00
#
CE #2 Income & Expense Summary 72,016.67
Depreciation Expense 4,166.67
Doubtful Accounts Expense 850.00
Rent Expense 7,000.00
Salaries Expense 20,000.00
Supplies Expense 15,000.00
Taxes and Licenses 10,000.00
Utilities Expense 15,000.00
CE #3 Bibo, Capital 50,000.00
Bibo, Drawing 50,000.00
CE #4 Income & Expense Summary 93,983.33
Bibo, Capital 93,983.33
RE #1 Accrued Salaries Expense 20,000.00
Salaries Expense 20,000.00
RE #2 Accrued Utilities Expense 15,000.00
Utilities Expense 15,000.00
RE #3 Supplies Expense 5,000.00
Office Supplies 5,000.00
 Cash Accounts Receivable
Date Amount Date Amount Date Amount Date Amount
Beg. Bal. 350,000.00 02-Jan-15 50,000.00 Beg. Bal. 190,000.00 08-Jan-15 140,000.00
03-Jan-15 30,000.00 13-Jan-15 55,000.00 15-Jan-15 151,000.00 15-Jan-15 7,000.00
08-Jan-15 140,000.00 26-Jan-15 2,000.00
15-Jan-15 7,000.00 27-Jan-15 10,000.00
31-Jan-15 7,000.00
527,000.00 124,000.00 341,000.00 147,000.00
403,000.00 194,000.00

Accounts Payable Unearned Service Revenue

Date Amount Date Amount Date Amount Date Amount
13-Jan-15 55,000.00 Beg. Bal. 60,000.00 Beg. Bal. 10,000.00
26-Jan-15 2,000.00 10-Jan-15 15,000.00 03-Jan-15 30,000.00

57,000.00 75,000.00 - 40,000.00

18,000.00 40,000.00

Rent Expense Supplies Expense

Date Amount Date Amount Date Amount Date Amount
31-Jan-15 7,000.00 Beg. Bal. 5,000.00
10-Jan-15 15,000.00

7,000.00 - 20,000.00 -
7,000.00 20,000.00
 Allowance for Doubtful Accounts Office Equipment
Date Amount Date Amount Date Amount Date
Beg. Bal. 5,700.00 Beg. Bal. 250,000.00

- 5,700.00 250,000.00
5,700.00 250,000.00

P.Bibo, Capital P. Bibo, Drawing

Date Amount Date Amount Date Amount Date
Beg. Bal. 694,300.00 02-Jan-15 50,000.00

- 694,300.00 50,000.00
694,300.00 50,000.00

Taxes and Licenses

Date Amount Date Amount
27-Jan-15 10,000.00

10,000.00 -
10,000.00
quipment Accumulated Depreciation
Amount Date Amount Date Amount
Beg. Bal. 25,000.00

- - 25,000.00
25,000.00

Drawing Service Revenue

Amount Date Amount Date Amount
15-Jan-15 151,000.00

- - 151,000.00
151,000.00
Account Title Debit Credit
Cash 403,000.00
Accounts Receivable 194,000.00
Allowance for Doubtful Accounts 5,700.00
Office Equipment 250,000.00
Accumulated Depreciation 25,000.00
Accounts Payable 18,000.00
Unearned Service Revenue 40,000.00
P.Bibo, Capital 694,300.00
P. Bibo, Drawing 50,000.00
Service Revenue 151,000.00
Rent Expense 7,000.00
Supplies Expense 20,000.00
Taxes and Licenses 10,000.00
Total 934,000.00 934,000.00
 Unadjusted Trial Balance Adjustments Adjusted Trial Balance
Account Title
Debit Credit Debit Credit Debit
Cash 403,000.00 63,000.00 466,000.00
Accounts Receivable 194,000.00 63,000.00 131,000.00
Allowance for Doubtful Accounts 5,700.00 850.00
Office Supplies 5,000.00 5,000.00
Office Equipment 250,000.00 250,000.00
Accumulated Depreciation 25,000.00 4,166.67
Accounts Payable 18,000.00
Unearned Service Revenue 40,000.00 15,000.00
Accrued Salaries Expense 20,000.00
Accrued Utilities Expense 15,000.00
P.Bibo, Capital 694,300.00
P. Bibo, Drawing 50,000.00 50,000.00
Service Revenue 151,000.00 15,000.00
Depreciation Expense 4,166.67 4,166.67
Doubtful Accounts Expense 850.00 850.00
Rent Expense 7,000.00 7,000.00
Salaries Expense 20,000.00 20,000.00
Supplies Expense 20,000.00 5,000.00 15,000.00
Taxes and Licenses 10,000.00 10,000.00
Utilities Expense 15,000.00 15,000.00
Total 934,000.00 934,000.00 123,016.67 123,016.67 974,016.67
Net Income
Grand Total 934,000.00 934,000.00 123,016.67 123,016.67 974,016.67
Adjusted Trial Balance Income Statement Balance Sheet
Credit Debit Credit Debit Credit
466,000.00
131,000.00
6,550.00 6,550.00
5,000.00
250,000.00
29,166.67 29,166.67
18,000.00 18,000.00
25,000.00 25,000.00
20,000.00 20,000.00
15,000.00 15,000.00
694,300.00 694,300.00
50,000.00
166,000.00 166,000.00
4,166.67
850.00
7,000.00
20,000.00
15,000.00
10,000.00
15,000.00
974,016.67 72,016.67 166,000.00 902,000.00 808,016.67
93,983.33 93,983.33
974,016.67 166,000.00 166,000.00 902,000.00 902,000.00
 Income Statement Statement of Changes in Equity
For the period ending January 31, 2015 For the period ending January 31, 201
Capital Beg
Service Revenue 166,000.00 Add: Net Income (Loss)
Operating Expenses Total
Depreciation Expense 4,166.67 Less: Witdrawal
Doubtful Accounts Expense 850.00 Capital End
Rent Expense 7,000.00
Salaries Expense 20,000.00
Supplies Expense 15,000.00
Taxes and Licenses 10,000.00
Utilities Expense 15,000.00 72,016.67
Net Income 93,983.33
ment of Changes in Equity Balance Sheet
riod ending January 31, 2015 As of January 31, 2015
694,300.00
93,983.33 Assets
788,283.33 Cash 466,000.00
- 50,000.00 Accounts Receivable 131,000.00
738,283.33 Allowance for Doubtful Accounts 6,550.00 124,450.00
Office Supplies 5,000.00
Office Equipment 250,000.00
Accumulated Depreciation 29,166.67 220,833.33
Total Assets 816,283.33
nce Sheet
uary 31, 2015

Liabilities
Accounts Payable 18,000.00
Unearned Service Revenue 25,000.00
Accrued Salaries Expense 20,000.00
Accrued Utilities Expense 15,000.00
Total Liabilties 78,000.00
Total Owner's Equity 738,283.33
Total Liabilties and Owner's Equity 816,283.33
 Cash Flow Statement
For the period ending January 31, 2015

Cashflows from Operating Activities

Cash collection from clients 240,000.00
Payment of payable to suppliers - 57,000.00
Payment of taxes and licenses - 10,000.00
Payment of rent - 7,000.00
Net Cash provided by (used in) operating activities 166,000.00

Net Cash provided by (used in) investing activities -

Cashflows from Financing Activities

Withdrawal of owner - 50,000.00
Net Cash provided by (used in) financing activities - 50,000.00

Net Increase (Decrease) in Cash 116,000.00

Add: Cash Balance at the beginning of the period 350,000.00
Cash Balance at the end of the period 466,000.00
Account Title Debit Credit
Cash 466,000.00
Accounts Receivable 131,000.00
Allowance for Doubtful Accounts 6,550.00
Office Supplies 5,000.00
Office Equipment 250,000.00
Accumulated Depreciation 29,166.67
Accounts Payable 18,000.00
Unearned Service Revenue 25,000.00
Accrued Salaries Expense 20,000.00
Accrued Utilities Expense 15,000.00
P.Bibo, Capital 738,283.33
Total 852,000.00 852,000.00