Accounting Equations for Pizzanut Enterprises

Assets =
S.No Particulars Cash lease Mach suppl Equip Vehicle Reg Exp Total
1 Reg fee 5000
2 contributed capital 100000
100000 5000 105000
3 Borrowed 75000
175000 5000 180000
4 Lease agr & rent -55000 40000
120000 40000 5000 165000
5 Oven purchased -35000 35000
85000 40000 35000 5000 165000
6 Other para -12000 12000
73000 40000 47000 5000 165000
7 Ingred -8000 8000
65000 40000 47000 8000 5000 165000
8 Equipments 45000
65000 40000 47000 8000 45000 5000 210000
9 Buys van -40000 40000
25000 40000 47000 8000 45000 40000 5000 210000
10 First order 12000 -2500
37000 40000 47000 5500 45000 40000 5000 219500
11 Advance from IMT 20000
57000 40000 47000 5500 45000 40000 5000 239500
12 Supplies 40000
57000 40000 47000 45500 45000 40000 5000 279500
13 Interest -750
Salary of del.boy -5500
utility bill -6000

vishy salary (O/S)

Apr End TOTAL 44750 40000 47000 45500 45000 40000 5000 267250
1 Cash sales 135000 -23500
179750 40000 47000 22000 45000 40000 5000 378750
2 IMT event happened -1800
179750 40000 47000 20200 45000 40000 5000 376950
3 Interest -750
Salary of del.boy -5500
Utility bill -15000
Vish's Sal (paid) -35000
Rent -15000
payment of equip. -45000
Supplers payment -40000
 Vish's Sal (O/S)
May End TOTAL 23500 40000 47000 20200 45000 40000 5000 220700
 P & L statement for the
year ended on 30th April
zzanut Enterprises 2018
Liabilities + Equity Particulars Amt
Loan Creditors Adv Rec T/P O/S sal Capital RE Total Sales 12000
5000 COGS -2500
100000 Gross Profit 9500
105000 105000 Operating Exp
75000 Rent -15000
75000 105000 180000 salary del boy -5500
-15000 Utility -6000
75000 105000 -15000 165000 Salary - self -35000
Non-Ope Exp
75000 105000 -15000 165000 Interest -750
Net Profit/Loss -52750
75000 105000 -15000 165000

75000 105000 -15000 165000

45000
75000 45000 105000 -15000 210000

75000 45000 105000 -15000 210000

9500
75000 45000 105000 -5500 219500
20000
75000 45000 20000 105000 -5500 239500
40000
75000 45000 20000 40000 105000 -5500 279500
-750
-5500
-6000
P & L statement for the
year ended on 31st May
35000 -35000 2018
75000 45000 20000 40000 35000 105000 -52750 267250 Particulars Amt
111500 Opening bal -52750
75000 45000 20000 40000 35000 105000 58750 378750 Sales 140000
-5000 3200 COGS -25300
75000 45000 15000 40000 35000 105000 61950 376950 Gross Profit 61950
-750 Operating Exp
-5500 Rent -15000
-15000 salary del boy -5500
-35000 Utility -15000
-15000 Salary - self -35000
-45000 Non-Ope Exp
-40000 Interest -750
 35000 -35000 Net Profit/Loss -9300
75000 0 15000 0 35000 105000 -9300 220700
 Balance Sheet as on Cash Flow Statement For the year
30th April 2018 ended on 30th Apr 2018
Liabilities Amt Particulars Amt Amt
Capital 105000 CFOA
RE/NPorNL -52750 Sales 12000
Loan 75000 Adv 20000
Creditors 45000 Rent -15000
Adv Rec 20000 Inventory -8000
T/P 40000 Sal del boy -5500
O/S Salary 35000 Utility bill -6000 -2500
TOTAL 267250 CFIA
Assets Amt Lease Depo -40000
Lease Depo 40000 Machinery -47000
Machinery 47000 Vehicle -40000 -127000
Equip 45000 CFFA
Vehicle 40000 Capital 100000
Cash 44750 Loan 75000
Supplies 45500 Interest -750 174250
Reg fee 5000 Net cash inflow 44750
TOTAL 267250

CFOA Cash From Operating activities

CFIA Cash from investment activities
CFFA Cash from financial activities
O/S Outstanding
T/P Trade payables
RE Retained earnings
COGS Cost of goods sold
Mach Machinery
Suppl Supplies
Balance Sheet as on 31st Cash Flow Statement For the year
May 2018 ended on 31st May 2018
Liabilities Amt Particulars Amt Amt
Capital 105000 CFOA
RE/NPorNL -9300 Sales 135000
Loan 75000 Rent -15000
Creditors 0 Sal del boy -5500
Adv Rec 15000 Utility bill -15000
T/P 0 Vish's Sal -35000
O/S Salary 35000 Suppler pay -40000 24500
TOTAL 220700 CFIA
Assets Amt Equip -45000 -45000
Lease Depo 40000 CFFA
Machinery 47000 Interest -750 -750
Equip 45000 Net cash inflow/outflow -21250
Vehicle 40000 Opening bal 44750
Cash 23500 Closing bal 23500
Supplies 20200
Reg fee 5000
TOTAL 220700
 Accounting Equations for Music Mart Inc.
Assets = Liabilities + Equity
Particulars Cash Inventory A/R Insu. Policy Land N/P A/P Mortagage
1 Opening Balance 33250 4500 12500
2 Merchandise purchased 5000 5000
3 Merchandise sold 2300 -1500
4 Merchandise sold -1700 2620
5 Insurance policy purchased -1224 1224
6 Land Purchased -6000 24000 18000
7 Land sold 3000 -12000 -9000
8 Withdrew Cash -1000
9 Merchandise for personel use -750
10 N/P Paid -6000 -6000
11 Merchandise sold 1310 -850
Total 25636 4700 2620 1224 12000 6500 5000 9000
Grand Total 46180 46180
s + Equity MUSIC MART, INC.
Capital RE Balance Sheet as on ________
25000 250 Owners’ Equity and Liabilities Amt Amt
Owners’ equity
800 Paid‑in capital 25,000
920 Retained earnings 680 25,680
Non-Current liabilities:
Mortgage payable 9,000
Current liabilities:
-1000 Notes payable 6,500
-750 Accounts payable 5,000 11,500
46,180
460 Assets Amt Amt
25000 680 Non-Current assets
46180 Land 12,000
Current assets
Cash 25,636
Accounts receivable 2,620
Inventory 4,700
Prepaid insurance 1,224 34,180

46,180
 Balance Sheet of Maynard Company
As on June I As on June 30
Particulars Amt Amt Amt Amt Amt Amt
I Equity and Liabilities
Shareholders’ Equity
Capital stock 390000 390000
Retained earnings 221511 611511 229446 619446
Non-Current Liabilities
Other non-current liabilities 2451 2451 2451 2451
Current Liabilities
Accounts payable 8517 21315
Bank Notes payable 8385 29250
Taxes payable 5700 7224
Accrued wages payable 1974 24576 2202 59991
TOTAL 638538 681888
II Assets
Non-current assets
Building 585000 585000
Less: Accu depreciation 156000 429000 157950 427050
Equipment 13260 36660
Less: Accu depreciation 5304 7956 5928 30732
Land 89700 89700
Other noncurrent assets 4857 531513 5265 552747
Current Assets
Accounts receivable 21798 26505
Cash 34983 66660
Merchandise inventory 29835 26520
Note receivable 11700 0
Prepaid office Supplies 5559 6630
Prepaid insurance 3150 107025 2826 129141
TOTAL 638538 681888
 Maynard Company
Profit and Loss Statement for June
Particulars Amt Amt
Sales (44,420 cash sales + [ 21798-21798+26,505] credit sales) 70925
Less: Cost of goods sales: (Op inven + Direct cost - Cl inven)
Merchandise purchased (cash 14715 + credit
36030
[8,517‑8,517+21,315]
Wages(5660‑1,974+2,202) 5888
Inventory, June 1 (opening inventory) 29835
Inventory, June 30 (closing inventory) 26520 45233
Gross Margin 25692
Less: Expenses
Utilities 900
office Supplies (1,671+5,559‑6,630) 600
Insurance(3,150‑2,826) 324
Depreciation (157,950‑156,000)+(5,928 ‑5,304) 2574
Miscellaneous 135 4533
Income before income tax 21159
Less: Income tax expense (7,224 ‑ 5,700) 1524
Net Income 19635

Maynard Company
Statement of Retained earnings for June
Particulars Amt
Opening Balance 221511
Add: Net Income 19635
Less: Dividends 11700
Closing Balance 229446
Cash Reciept and Disbursement of Maynard Co.
For the month of june
Receipts Amt Disburs Amt

Cash sale 44420 Equip Pur 23400

Credit Custome 21798 Other asset Pur 408

Diane 11700 Payment to AP 8517

Bank loan 20865 Cash Pur mer 14715
TOTAL 98783 Cash Pur Supp 1671
Dividends 11700
Wages 5660
Utilities 900
Misc 135
TOTAL 67106

Reconciliation Amt
OP bal 34983
Reciepts 98783
Subtotal 133766
Disbursment 67106
Cl Bal 66660
 Assets
S.N Transaction Cash Patent Equip Invent
1 Hynes’ investment = Patent +, Capital + 120000
2 Other Investors contri= Cash +, Capital + 80000
3 Inc Cost = Cash -, RE - 2500
4 Equipment = Cash -, Equip + 85000 85000
5 Out of pocket cost = Cash -, RE - 25000
6 Component part = cash -, Inventory + 212100 212100
7 short term loan = Cash +, Loan+ 30000
8 Interest on loan = Cash -, RE (int) - 500
9 Repayment of loan = Cash -, Loan - 30000
10 Manufacturing Payroll = Cash-, RE- 145000
11 Other Manuf cost = Cash-, RE- 62000
12 S&A Cost = Cash-, RE- 63000
13 inventry used (Op inv-Cl Inv) = Inv-, RE- 197000
14 Sales = Cash+, RE+ 598500
15 Dep on Equip = Equip -, RE- 8500
16 Patent Amortization = Patent-, RE- 20000
17 Cash Dividend = Cash-, RE - 5000
18 Income tax Exp payable =Tax payable (CL)+, RE-
SUB TOTAL 78400 100000 76500 15100
TOTAL 270000
 Projected P&L statement of Dispensors of California for first
Liabilities year of operation
Sht Loan O/S Tax Capital RE Particulars Amt. Amt.
120000 Sales 598,500
80000 Less: Cost of goods sold
2500 Components 197,000
Mfg payroll 145,000
25000 Other Mfg. 62,000
Depreciation 8,500 412,500
30000 Gross margin 186,000
500 Less: Operating Expenses
30000 SG &A 63,000
145000 Patent Amortization 20,000
62000 Redesign costs (out of pocket) 25,000 108,000
63000 Operating profit 78,000
197000 Less: Non-operating Exp
598500 Incorporation costs 2,500
8500 Interest 500 3,000
20000 Profit before taxes 75,000
5000 Less: Tax expense 22,500
22500 22500 Net Income 52,500
0 22500 200000 47500
270000 Dispensers of California, Inc.
Projected Change in Retained Earnings
Particulars Amt.
Opening balance 0
Add: Net Income 52,500
Less: Dividend 5000
Ending Balance 47,500
 California at the end of the first year of
operations Cash Reciepts and Disbursment
Particulars Amt Amt Particulars Recipt
I Equity and Liabilities Equity capital 80,000
Shareholders’ Equity Incorporation
Capital stock 200000 Equipment
Retained earnings 47,500 247,500 Redesign
Current Liabilities Component parts
Taxes payable 22500 Bank loan taken 30,000
TOTAL 270,000 Bank loan repaid
II Assets Loan interest
Non-current assets Manufacturing payroll
Patents (Net) 100000 Other manufacturing
Equipments (Net) 76500 176500 SG &A
Current Assets Sales 598,500
Cash 78400 Dividend
Components 15100 93500 Total 708,500
TOTAL 270000
Cash Reconciliation
Receipts 708,500
Disbursements 630,100
Ending Balance 78,400
d Disbursment
Disburs

2,500
85,000
25,000
212,100

30,000
500
145,000
62,000
63,000

5,000
630,100
 P&L Statement of Quick lunch for the Quarter ended on 31st Dec 2002
Particulars Amt Amt
Net sales
Cash sales (33165-3850) 29315
Coupon (cash) sales (90*27.5) 2475 31790
Less: COGS
Food & Supplies (14275-750+890) 14415
Rent (3460+1515) 4975
Depreciation of equipment {(4600-400+4600)/10}4/12) 293
Amortization of leasehold (10300-4600)*4/12 1900 21583
Gross Margin/Profit 10207
Less: Operating Expenses
License fee (225*4/12) 75
Other operating expenses 90 165
Net income 10042
Less: Withdrawals 3800
Retained Earnings 6242
 Balalnce sheet of Quick lunch as on 31st Dec 2002 CFS of Quick lunch for the Quarter ended on 31s
Particulars Amt Amt Amt Particulars
I Equity and Liabilities Cash flow from operating activities:
Shareholders’ Equity Inflow: Cash Sales
Capital stock (10300+5150) 15450 Outflow: Food & Supplies purchased
Retained earnings 6242 21692 Rent
Current Liabilities Licence Fee
Accounts payable (meat bill) 890 Other Op Exp
Coupon Payables (50*27.5) 1375 Cash flows from investing activities:
Rent Outstanding 1515 3780 Intflow: Disposal of old equipment
TOTAL 25472 Outflow: Acquisition of equipment
II Assets Cash flows from financing activities:
Non-current assets Outflow: Withdrawals by owner
Lease 5700 Net increase in cash
Less: Amortization 5700*4/12 1900 3800 Opening Balance
Equipments (4600-400+4600) 8800 Closing Balance
Less: Dep (8800/10)*4/12 293 8507 12307
Current Assets
Cash (5150+7115) 12265
Inventory/Supplies 750
Prepaid Licence fee (225-75) 150 13165
TOTAL 25472
Quarter ended on 31st Dec 2002
Amt Amt

33165
14275
3460
225
90 15115

400
4600 -4200

3800 -3800
7115
5150
12265