Required: Prepare the following for the month of February 2015 Income Statement Statement of Owner's Equity Balance Sheet
|
Date |
Description |
Folio |
Debit |
Credit |
|
|
|
|
25,000 |
|
|
|
Revenue a/c |
|
|
25,000 |
|
|
(consultancy fee for service) |
|
|
|
|
|
|
|
|
|
|
|
Cash a/c |
|
15,000 |
|
|
|
Accounts Receivable a/c |
|
|
15,000 |
|
|
($15,000 cash received with $10,000 outstanding for consultancy service) |
|
|
|
|
Date |
Description |
|
Debit |
Credit |
|
|
Medical supplies s/c |
|
16,200 |
|
|
|
Accounts Payable a/c |
|
|
16,200 |
|
|
(additional medical supplies recorded) |
|
|
|
|
|
|
|
|
|
|
Date |
Description |
|
Debit |
Credit |
|
Feb 1 |
Bank a/c |
|
55,000 |
|
|
|
Office equipment a/c |
|
10,000 |
|
|
|
Capital a/c |
|
|
45,000 |
|
|
(actual capital received) |
|
|
|
|
|
|
|
|
|
|
Date |
Description |
|
Debit |
Credit |
|
|
Drawings |
|
1,000 |
|
|
|
Bank a/c |
|
|
1,000 |
|
|
(drawings which were omitted) |
|
|
|
|
|
|
|
|
|
|
Date |
Description |
|
Debit |
Credit |
|
|
Utility Expense a/c |
|
5,000 |
|
|
|
Cash a/c |
|
|
5,000 |
|
|
(electricity bill paid in cash) |
|
|
|
|
|
|
|
|
|
Claude Sample Sports Clinic
As at 28 February, 2015
|
|
Debit |
Credit |
|
Accounts Receivable |
10,000 |
|
|
Cash |
10,000 |
|
|
Medical Supplies |
16,200 |
|
|
Bank |
44,000 |
|
|
Office Equipment |
10,000 |
|
|
Drawings |
1,000 |
|
|
Utility Expense |
5,000 |
|
|
Capital |
|
55,000 |
|
Revenue |
|
25,000 |
|
Accounts Payable |
|
18,000 |
|
TOTAL |
$96,000 |
$96,000 |
Required:
Prepare the following for the month of February 2015
Income Statement
Statement of Owner's Equity
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