Account Transactions

CSA Tutorial Services

For the period 1 August 2017 to 31 August 2017
Prepared by Carlsberg Andres
Contents
3 Account Transactions

Account Transactions CSA Tutorial Services Page 2 of 4

Account Transactions
CSA Tutorial Services
For the period 1 August 2017 to 31 August 2017
DATE SOURCE DESCRIPTION REFERENCE DEBIT CREDIT GROSS TAX

Accounts Payable
Opening Balance - - - -
7 Aug 2017 Payable Invoice CMF PO-0001 - 60,000 60,000 -
Payable
7 Aug 2017 Payment: CMF PO-0001 60,000 - (60,000) -
Payment
7 Aug 2017 Payable Invoice CMF PO-0002 - 20,000 20,000 -
Payable
7 Aug 2017 Payment: CMF PO-0002 20,000 - (20,000) -
Payment
7 Aug 2017 Payable Invoice ABC Merch PO-0003 - 20,000 20,000 -
Payable Payment: ABC
7 Aug 2017 PO-0003 20,000 - (20,000) -
Payment Merch
7 Aug 2017 Payable Invoice Globe Telecom - 10,500 10,500 -
Payable
7 Aug 2017 Payment: Globe Telecom 10,500 - (10,500) -
Payment
7 Aug 2017 Payable Invoice ABC Merch PO-0004 - 40,000 40,000 -
Total Accounts Payable 110,500 150,500 40,000 -
Closing Balance - 40,000 - -

Accounts Receivable
Opening Balance - - - -
Receivable
7 Aug 2017 Peter Santos INV-0001 12,000 - 12,000 -
Invoice
Receivable
7 Aug 2017 Juan Cruz INV-0002 46,099 - 46,099 -
Invoice
Receivable Payment: Juan
8 Aug 2017 INV-0002 - 46,099 (46,099) -
Payment Cruz
Total Accounts Receivable 58,099 46,099 12,000 -
Closing Balance 12,000 - - -

Cash in Bank
Opening Balance 1,000,000 - - -
Payable
7 Aug 2017 Payment: CMF PO-0001 - 60,000 (60,000) -
Payment
Payable
7 Aug 2017 Payment: CMF PO-0002 - 20,000 (20,000) -
Payment
Payable Payment: ABC
7 Aug 2017 PO-0003 - 20,000 (20,000) -
Payment Merch
Payable
7 Aug 2017 Payment: Globe Telecom - 10,500 (10,500) -
Payment
Receivable Payment: Juan
8 Aug 2017 INV-0002 46,099 - 46,099 -
Payment Cruz
Total Cash in Bank 46,099 110,500 (64,401) -
Closing Balance 935,599 - - -

Cost of Goods Sold

7 Aug 2017 Peter Santos 7,143 - 7,143 -
7 Aug 2017 Juan Cruz 25,000 - 25,000 -
Total Cost of Goods Sold 32,143 - 32,143 -

Inventory
Opening Balance - - - -

Account Transactions CSA Tutorial Services Page 3 of 4

Account Transactions

DATE SOURCE DESCRIPTION REFERENCE DEBIT CREDIT GROSS TAX

ABC Merch -
7 Aug 2017 Payable Invoice Merchandise PO-0003 17,857 - 20,000 2,143
Inventory
ABC Merch -
7 Aug 2017 Payable Invoice Merchandise PO-0004 35,714 - 40,000 4,286
Inventory
7 Aug 2017 Peter Santos - 7,143 (7,143) -
7 Aug 2017 Juan Cruz - 25,000 (25,000) -
Total Inventory 53,572 32,143 27,857 6,429
Closing Balance 21,429 - - -

Office Equipment
Opening Balance - - - -
CMF - Computer
7 Aug 2017 Payable Invoice PO-0001 17,857 - 20,000 2,143
Equipment
CMF - Machinery
7 Aug 2017 Payable Invoice PO-0001 26,786 - 30,000 3,214
and Equipment
CMF - Furnitures
7 Aug 2017 Payable Invoice PO-0001 8,929 - 10,000 1,071
and Fixtures
CMF - Computer
7 Aug 2017 Payable Invoice PO-0002 17,857 - 20,000 2,143
Equipment
Total Office Equipment 71,429 - 80,000 8,571
Closing Balance 71,429 - - -

Sales
Peter Santos -
Receivable
7 Aug 2017 Merchandise INV-0001 - 10,714 12,000 1,286
Invoice
Inventory
Juan Cruz -
Receivable
7 Aug 2017 Merchandise INV-0002 - 41,160 46,099 4,939
Invoice
Inventory
Total Sales - 51,874 58,099 6,225

Sales Tax
Opening Balance - - - -
7 Aug 2017 Payable Invoice CMF PO-0001 6,429 - (6,429) -
7 Aug 2017 Payable Invoice CMF PO-0002 2,143 - (2,143) -
7 Aug 2017 Payable Invoice ABC Merch PO-0003 2,143 - (2,143) -
7 Aug 2017 Payable Invoice Globe Telecom 1,125 - (1,125) -
7 Aug 2017 Payable Invoice ABC Merch PO-0004 4,286 - (4,286) -
Receivable
7 Aug 2017 Peter Santos INV-0001 - 1,286 1,286 -
Invoice
Receivable
7 Aug 2017 Juan Cruz INV-0002 - 4,939 4,939 -
Invoice
Total Sales Tax 16,125 6,225 (9,900) -
Closing Balance 9,900 - - -

Telephone & Internet

7 Aug 2017 Payable Invoice Globe Telecom - Utilities Expense 9,375 - 10,500 1,125
Total Telephone & Internet 9,375 - 10,500 1,125

Total 397,341 397,341 186,299 22,350

Account Transactions CSA Tutorial Services Page 4 of 4