Arenas Cleaning Service

General Journal

Date
Feb
1

Particulars
Cash
Arenas, Capital
investment of the owner

110
310

cleaning supplies
accounts payable
bought cleaning suoplies on account

130
220

cleaning equipment
accounts payable
bought cleaning equipment on account

150
220

service vehicle
cash
notes payable
acquired service vehicle, 10,000 down
balance on note payabale

160
110
210

rent expense
cash
payment of rent

520
110

Cash
Cleaning revenue
received cash for services rendered

110
410

10

advertising expense
cash
payment of advertisment

530
110

12

prepaid insurance
cash
payment of insurance

140
110

13

accounts payable
cash
payment of account

220
110

14

miscellaneous expense

550

cash
payment of miscellaneous

110

15

accounts receivable
cleaning revenues
billed clients for services rendered

120
410

16

salaries expense
cash
payament of salary

510
110

20

cash
accounts receivable
collected the accounts of clients

110
120

22

notes payable
cash
payment of notes

210
110

25

telephone expense
cash
payment of telephone

540
110

28

salaries expense
cash
payment of salary

510
110

28

accounts receivable
cleaning revenue
billed clients for services rendered

120
410

28

Arenas, withdrawals
cash
cash withdrawal made by arenas

320
110

Debit

Credit

62,000
62,000

21,400
21,400

15,600
15,600

47,000
10,000
37,000

7,300
7,300

31,800
31,800

1,700
1,700

4,800
4,800

9,000
9,000

2,200

2,200

18,600
18,600

8,400
8,400

9,800
9,800

2,400
2,400

900
900

7,900
7,900

22,500
22,500

10,000
10,000

Cash
62,000
31,800
9,800

1
9
20

103,600
39,000

10,000
7,300
1,700
4,800
9,000
2,200
8,400
2,400
900
7,900
10,000
64,600

Accounts Receivable
18,600
9,800
22,500
41,100
9,800
31,300

15
28

Cleaning Supplies
21,400
21,400

12

Prepaid Insurance
4,800
4,800

Cleaning Equipment
15,600
15,600

Service Vehicle
47,000
47,000

6
7
10
12
13
14
16
22
25
28
28

20

22

13

Notes Payable
2,400
37,000
2,400
37,000
34,600
Accounts Payable
9,000
21,400
15,600
9,000
37,000
28,000
Arenas, Capital
62,000
62,000

28

3
5

16
28

10
1

Arenas,Withdarawal
10,000
10,000

25

Cleaning Revenue
31,800
18,600
22,500
72,900

14
9
15
28

Salaries Expense
8,400
7,900
16,300

Rent Expense
7,300
7,300
Advertising Expense
1,700
1,700
Telephone Expense
900
900
Miscellaneous Expense
2,200
2,200

Arenas Cleaning Service

Trial Balance
28-Feb-15
Debit
39,000
Cash
31,300
Accounts Receivable
21,400
Cleaning Supplies
4,800
Prepaid Insurance
15,600
Cleaning Equipment
47,000
Service Vehicle
Notes Payable
Accounts Payable
Arenas Capital
10,000
Arenas withdrawal
Cleaning Revenue
16,300
Salaries Expense
7,300
Rent Expense
1,700
Advertising Expense
900
Telephone Expense
2,200
Miscellaneous Expense
Total
197,500

Service
e
Credit

34,600
28,000
62,000
72,900

197,500

Arenas Cleaning Services

Income Statement
For the Month Ended February 28,2015
Revenues
Cleaning Revenues
Less: Expenses
Salaries Expense
Rent Expense
Advertising Expense
Telephone Expense
Miscelleneous Expanse
Net income

72,900
16,300
7,300
1,700
900
2,200
28,400
44,500

Arenas Cleaning Services

Statement Of owner's Equity
For the Month Ended February 28,2015
Arenas, Owner's Equity 2/1/2015
Add: Investement
Net Income
Total
Less: Withdarawal
Arenas, Owner's Equity 2/28/2015

62,000
44,500
106,500
10,000
96500

Arenas Clea
Balan
Februar
ASSETS
Cash
Accounts Receivable
Cleaning Supplies
Prepaid Insurance
Cleaning Equipmant
Service Vehicle
Total Assets
LIABILITIES
Notes Payable
Accounts Payable
Total Liabilities
OWNER'S EQUITY
Arenas owner's equity, 2/28/2015

Total Liabilities and Owner's Equity

Arenas Cleaning Services

Balance Sheet
February 28,2015

Php 39,000.00
31,300
21,400
4,800
15,600
47,000

's equity, 2/28/2015

es and Owner's Equity

159,100

34,600
28,000
62,600

96,500
159,100

Arenas C
Statemen
For the Month En

Cash Flow From Operating Activities

Cash received from customers
Payment for office rent
Payment for employees
Payment for advertisement
Payment for miscelleneous
Payment for insurance
Payment for utilities
Net cash provided by (used in) operating
Cash Flow From Investing Activities
Payments to acquire service vehicle
Net cash provided by (used in) investing a
Cash Flow From Financing Activities
Cash received from investment by owner
Payments for accounts payable
Payments for notes payable
Payments for owner's withdrawal
Net cash provided by (used in) financing a
Net Increase (Decrease) in cash
Cash balance at the beginning of the perio
Cash balance at the ending of the period

Arenas Cleaning Service

Statement of Cash Flows
For the Month Ended February 28,2015

rating Activities
m customers
Php
e rent
loyees
rtisement
elleneous
rance
ties
y (used in) operating activit
sting Activities
uire service vehicle
Php
y (used in) investing activiti
ncing Activities
om investment by owner
Php
counts payable
tes payable
ner's withdrawal
y (used in) financing activiti
ase) in cash
he beginning of the period
he ending of the period

41,600
(7,300)
(16,300)
(1,700)
(2,200)
(4,800)
(900)
8,400
(10,000)
(10,000)
62,000
(9,000)
(2,400)
(10,000)
Php

40,600
39,000

Php

39,000