Sei sulla pagina 1di 14

1 Hassellhouf

General Journal
Per 31 Desc 2020

Date Description Reff Debit


1 mei Equipment $ 22,800
Cash

1-Jul Depreciation Expense $ 450


Accum Depreciation

Cash $ 3,500
Accumulated Depreciation $ 2,250
Equipment
Gain on Disposal

31 desc Acc. Receivable $ 9,000


Sales revenue

Cost of good sold $ 6,300


Inventory

31 desc Bad Debt Expense $ 3,500


Allowance for Doubtfull

1-Apr Interest Receivable $ 600


Interest Revenue

Sep-01 Insurance Expense $ 2,400


Prepaid Insurance

Depreciation Expense $ 4,000


Accumulated Depreciation
($150.000-$30.000)/30

Depreciation Expense $ 9,900


Accumulated Depreciation

Depreciation Expense $ 2,800


Accumulated Depreciation

Amortization Expense $ 900


Patents

Salaries and wages Expense $ 5,200


Salaries and Wages Payable

Unearned Rent Revenue $ 2,000


Rent Revenue

Interest Expense $ 3,690


Interest Payable
Credit

$ 22,800

$ 450

$ 5,000
$ 750

$ 9,000

$ 6,300

$ 3,500

$ 600

$ 2,400

$ 4,000

$ 9,900

$ 2,800
$ 900

$ 5,200

$ 2,000

$ 3,690
Hanssellhouf Company
Income Statement
Trial Balance

Account Debit Credit


Cash $ 8,700
Account Receivable $ 45,800
Notes Receivables $ 10,000
Interest Receivable $ 600
Inventory $ 29,900
Prepaid Insurance $ 1,200
Land $ 20,000
Buildings $ 150,000
Equipment $ 77,800
Patents $ 8,100
Allowance for Doubtful Accounts $ 4,000
Accumulated Depreciation - Buildings $ 54,000
Accumulated Depreciation - Equipment $ 34,900
Account Payable $ 27,300
Salaries and Wages Payable $ 5,200
Unearned Rent Revenue $ 4,000
Notes Payable (due in 2021) $ 11,000
Interest Payable $ 3,690
Notes Payable (due after 2021) $ 30,000
Owner's Capital $ 113,600
Owner's Drawings $ 12,000
Sales Revenue $ 914,000
Interest Revenue $ 600
Rent Revenue $ 2,000
Gain on Disposal of Plant Assets $ 750
Bad Debt Expense $ 3,500
Cost of Goods Sold $ 636,300
Depreciation Expense $ 17,150
Insurance Expense $ 2,400
Interest Expense $ 3,690
Other Operating Expenses $ 61,800
Amortiztion Expense $ 900
Salaries and Wages Expense $ 115,200

TOTAL $ 1,205,040 $ 1,205,040


o

o
Hanssellhouf Company
Income Statement
For the Month 31 Desc 2020

Account Title
Fee's Earned
Sales Revenue
Cost of good sold
Gross profit

Operating Expense
Salaries and Wages Expense $ 115,200
Other Operating Expense $ 61,800
Depreciation Expense $ 17,150
Bad Dept Expense $ 3,500
Insurance Expense $ 2,400
Amortazitation Expense $ 900
Total Operating Expense
Income from Operation
Other Revenue and Gains
Rent Revenue $ 2,000
Gain on Disposal of Plant Assets $ 750
Interest Revenue $ 600
$ 3,350
Other Expense and Losses
Interest Expense $ (3,690)

Net Income
y

020 Hanssellhouf Company


Statement of Owner's Equity
For the Month December 2020

$ 914,000 Owner's Capital 1 Jan 2020


$ (636,300) (+) Net Income
$ 277,700

(-) Owner's Drawing


Owner's Capital 31 Des 2020

$ 200,950
$ 76,750

$ (340)
$ 76,410
ellhouf Company
nt of Owner's Equity
onth December 2020

$ 113,600
$ 76,410
$ 190,010

$ (12,000)
$ 178,010
Hanssellhouf Company
Balance Sheet
For the Month 31 Desc 2020

Assets
Current Assets
Cash
Account Receivable
Allowance for Doubtful Account

Notes Receivable
Interest Receivable
Inventory
Prepaid Insurance
Total Current Assets

Plant Assets
Land
Buildings
(-) Accum. Dep - Buildings

Equipment
(-)Accum Dep - Equipment

Total Plant Assets

Intangible Assets
Patents
Total Assets

Liabilities and Owner Equity


Liabilities
Current Liabilities
Notes Payable
Account Payable
Interest Payable
Unearned Rent Revenues
Salaries and Wages Payable
Total Current Liabilities

Long term Liabilities


Notes Payable
Total Liabilities

Owner's Equity
Owner's Capital 31 Des 2020
Total Liabilities and Owner's Equity
Hanssellhouf Company
Balance Sheet
For the Month 31 Desc 2020

$ 8,700
$ 45,800
$ (4,000)
$ 41,800
$ 10,000
$ 600
$ 29,900
$ 1,200
$ 92,200

$ 20,000
$ 150,000
$ (54,000)
$ 96,000
$ 77,800
$ (34,900)
$ 42,900
$ 158,900

$ 8,100
$ 259,200

$ 11,000
$ 27,300
$ 3,690
$ 4,000
$ 5,200
$ 51,190

$ 30,000
$ 81,190

$ 178,010
$ 259,200