GENERAL JOURNAL PAGE 1

DATE ACCOUNT TITLES REF NO. DEBIT CREDIT

JAN. 01 1 Cash 100,000
Equipments 75,000
Capital 175,000
JAN.02 2 Rent Expense 15,000
Account Payable 15,000
JAN.05 5 Furnitures and Fixtures 10,000
Cash 10,000
JAN.06 6 Office Supplies 5,000
Cash 5,000
JAN.08 8 Cash Service Revenue 50,000
Service Revenue 50,000
JAN. 14 14 Salary Expense 12,500
Cash 12,500
JAN. 16 16 Account Receivables 40,000
Service Revenue 40,000
JAN. 17 17 Account Receivables 15,000
Service Revenue 15,000
JAN.20 20 Cash 20,000
Account Receivables 20,000
JAN.21 21 Vehicle 230,000
Cash 75,000
Notes Payable 155,000
JAN.24 24 Cash 15,000
Account Receivables 15,000
JAN.26 26 Drawings 6,000
Cash 6,000
JAN. 27 27 Rent Expense 15,000
Salaries Expense 12,500
Cash 27,000
JAN.30 30 Utilities Expense 3,750
Accounts Payable 3,750
JAN. 31 31 Supplies Expense 4,500
Office Supplies 4,500
 JOY DAVILLA CONSULTANCY
Trial Balance
31-Jan

Account Titles Debit Credit

Cash 49,000
Account Receivable 20,000
Office Supplies 500
Office Equipment 75,000
Furnitures and Fixtures 10,000
Vehicle 230,000
Accounts Payable 18,750
Notes Payable 155,000
Capital 175,000
Drawings 6,000
Rent Expense 30,000
Salaries Expense 25,000
Utilities Expense 3,750
Supplies Expense 4,500 105,000
Service Revenues
TOTAL 453,750 453750
 JOY DAVILLA'S CONSULTANCY OFFICE
INCOME STATEMENT
FOR THE MONTH ENDED JANUARY 31

SERVICE REVENUES 105,000

LESS EXPENSES
RENT EXPENSES 30,000
SALARIES EXPENSE 25,000
UTILITIES EXPENSE 3,750
SUPPLIES EXPENSE 4,500

TOTAL EEXPENSE 63,250

PROFIT 41,750
 JOY DAVILLA'SCONSULTANCY OFFICE
Capital Statement
For the Month Ended January 31

Joy's Capital[JANUARY 01] 175,000

Add Additional Investment 0
Profit 41,750 41,750
Total 216,750
Less Withdrawals 6,000

Capital[January 31] 210,750

 JOYDAVILLA'S COLSULTANCY OFFICE
STATEMENT OF FINANCIAL POSITION
For the Month of January

ASSETS

Current Assets
Cash 49,000
Account Receivable 20,000
Office Supplies 500

Total Current Assets 69,500

Non Current Assets

Office Equipment 75,000
Furnitures and Fixtures 10,000
Vehicle 230,000

Total Non Current Assets 315,000

Total Assets 384,500

Liabilities

Current Liabilities
Account Payable 18,750
Note Payable 155,000
Total Liabilities 173,750

Owners Equity

JOY'S Capital Jan. 31 210,750

TOTAL LIABILITIES/OWNER'S EQUITY 384,500
 JOY DAVILLA'S CONSULTANCY OFFICE
STATEMENT OF CASHFLOWS
FOR THE MONTH OF JANUARY

CASH FLOWS FROM OPERATING ACTIVITIES

Cash Receives from Customer
Payment on Salaries
Payment on Rent
Payment of Supplies

NET CASH PROVIDED BY OPERATING ACTIVITIES

CASH FLOWS FROM FIINVESTING

Furnitures and Fixtures
Vehicle

NET CASH USED IN INVESTING ACTIVITIES

CASH FLOWS FROM FINANCING ACTIVITIES

Owner's Investment
Owner's Drawings

Proceed from Note Payable

NET CASH FROM FINANCING ACTIVITIES

NET INCREASE IN CASH

CASH BALANCE AT THE BEGINNING OF THE PERIOD

CASH BALANCE AT THE END OF THE PERIOD
TANCY OFFICE
SHFLOWS
F JANUARY

AMOUNT
175,000
[125,00]
[30,000]
[5,000]

115,000

AMOUNT
[10,000]
[75,000]

P[85,000]

AMOUNT
100,000
[6,000]

135,000

249,000
279,000

0
279,000
GENERAL JOURNAL