s.

no General journal voucher

Dr Cr
1 cash 25,000.00
share 20,000.00
registration fee 5,000.00

2
prepaid rent 6,000.00
cash at bank 6,000.00

3
machinery 50,000.00
donated capital 50,000.00

4
supplies 2,500.00
account payable 2,500.00

5
prepaid insurance 3,000.00
cash at bank 3,000.00

account receivable 15,000.00

6
sales 15,000.00
cost of sales
inventory

cash 50,000.00
7
sales 50,000.00
cost of sales
inventory

9
land 15,000.00
cash 15,000.00

10
cash 15,000.00
account receivale 15,000.00

11
account payable 2,000.00
cash 2,000.00

12
miscellaneous expense 1,500.00
cash 1,500.00

30 salary expense 12,500.00

cash 12,500.00
cash 101 acc.re 102 supply 103
Dr Cr Dr Cr Dr Cr
25,000.00 6,000.00 15,000.00 15,000.00 2,500.00 -
50,000.00 3,000.00
15,000.00 15,000.00
2,000.00
1,500.00 15,000.00 15,000.00 2,500.00 -
12,500.00
90,000.00 40,000.00 0 2,500.00

50,000.00

pre p.ins 106 machinery 107 land 108

Dr Cr Dr Cr Dr Cr
3,000.00 - 50,000.00 15,000.00 -

3,000.00 50,000.00 - 15,000.00 -

share c 301 donated c 302 sales 401

Dr Cr Dr Cr Dr Cr
20,000.00 50,000.00 15,000.00
50,000.00
65,000.00

salary exp 501 miscell ex 509

Dr Cr Dr Cr
12,500.00 1,500.00
p.p rent 105
Dr Cr
6,000.00 -

6,000.00 -

6,000.00

acc pay 201

Dr Cr
2,500.00
2000

2,000.00 2,500.00
500.00
regi fee 402
Dr Cr
5,000.00
 Obsinan Blocket manufa. SME
Unadjusted trial balance
As of July 31,2016
account title Dr Cr
cash 50,000.00
acc.re -
supply 2,500.00
p.p rent 6,000.00
pre p.ins 3,000.00
machinery 50,000.00
land 15,000.00
acc pay 500.00
share c 20,000.00
donated c 50,000.00
sales 65,000.00
regi fee 5,000.00
salary exp 12,500.00
miscell ex 1,500.00
TOTAL 140,500.00 140,500.00
 Journalizing adjusted entry posting adjusted entry

Inve……………….30,000 inventory
1
A/P……………………………….30,000 30,000

CGS…………………25,000
2
Inve………………………………..25,000

Depre exp…………….3,000 Depre exp

3
Acc.depr……………………………..3,000 3,000.00

Supply exp…………….1,300
4
Supply……………………………….1,300

Insu exp………………….500 supply

5
Prepaid ins……………………………500

Rent expen………………1,000
6
Prepaid rent…………………………1,000

rent expe
1,000
sting adjusted entry

A/P CGS
30,000 25,000
25,000

acc depr supply exp

3,000.00 1,300

insuran ex prepaid insu

1,300 500 500

prepaid rent
1,000
 OBSINAN WOOD WO
WORK S
AS OF July
ADJUSTMENT
S.NO ACCOUNT TITLE DEBIT CREDIT DEBIT CREDIT
1 cash 50,000.00
2 acc.re -
3 supply 2,500.00 1,300.00
4 p.p rent 6,000.00 1,000.00
5 pre p.ins 3,000.00 500.00
6 Inventory 30,000.00 25,000.00
7 machinery 50,000.00
8 Accu.depr 3,000.00
9 land 15,000.00
10 acc pay 500.00 30,000.00
11 share c 20,000.00
12 donated c 50,000.00
13 sales 65,000.00
14 regi fee 5,000.00
15 Cost of Goods sold 25,000.00
16 salary exp 12,500.00
17 depre exp 3,000.00
18 supply expe 1,300.00
19 insurance exp 500.00
20 rent exp 1,000.00
21 miscell ex 1,500.00

NET INCOME
TOTAL 140,500.00 140,500.00 60,800.00 60,800.00
BSINAN WOOD WORK ENTERPRISE
WORK SHEET
AS OF July 31,2016
ADJUSTED TB INCOME STA. BALANCE SHEET
DEBIT CREDIT DEBIT CREDIT DEBIT
50,000.00 50,000.00
- -
1,200.00 1,200.00
5,000.00 5,000.00
2,500.00 2,500.00
5,000.00 5,000.00
50,000.00 47,000.00
3,000.00 -
15,000.00 15,000.00
30,500.00
20,000.00
50,000.00
65,000.00 65,000.00
5,000.00 5,000.00
25,000.00 25,000.00
12,500.00 12,500.00
3,000.00 3,000.00
1,300.00 1,300.00
500.00 500.00
1,000.00 1,000.00
1,500.00 1,500.00
44,800.00 70,000.00
25,200.00
173,500.00 173,500.00 70,000.00 70,000.00 125,700.00
BALANCE SHEET
CREDIT REMARK

30,500.00
45,200.00
50,000.00

125,700.00
 Obsinan Blocket Manufacturing SME
Unadjusted trial balance
As of July 31,2016
account title Dr Cr
cash 50,000.00
acc.re -
supply 1,200.00
p.p rent 5,000.00
pre p.ins 2,500.00
Inventory 5,000.00
machinery 50,000.00
Acc depre 3,000.00
land 15,000.00
acc pay 30,500.00
share c 20,000.00
donated c 50,000.00
sales 65,000.00
regi fee 5,000.00
Cost of goods sold 25,000.00
salary exp 12,500.00
rent expe 1,000.00
insurance expe 500.00
supply expense 1,300.00
depre expense 3,000.00
miscell ex 1,500.00
TOTAL 173,500.00 173,500.00
 Obsinan Blocket Manufacturing SME
Income statement
For the month ended July 31,2016
Revenue
Sales 65,000.00
Less CGS (25,000.00)
Gross profit 40,000.00
Registration 5,000.00
Total income 45,000.00
Less Operating Expense
salary expe (12,500.00)
Rent expe (1,000.00)
Supply expe (1,300.00)
Deprec exp (3,000.00)
Insurance exp (500.00)
Miscell expe (1,500.00) (19,800.00)
Income before tax 25,200.00
Tax expense-30% (7,560.00)
Net income(EAT) 17,640.00

Tax expe……………7,560
Tax payable……………………7,560
 Obsinan Blocket Manufacturing SME
Statement of Retain earn
For the month ended July 31,2016

Beginn cap 20,000.00

Add Net income 17,640.00
Add Donated capital 50,000.00
Ending capital 87,640.00
 Obsinan Blocket Manufacturing SME
Balance sheet
July 31,2016
Asset Liability&Capital
Current Asset liability
Cash 50,000.00 Current liablity
A/R - A/P
supply 1,200.00 Tax payable
prepaid rent 5,000.00 Total current liab
prepaid insu 2,500.00 Ending capital
inventory 5,000.00
Total current asset 63,700.00
Fixed asset
machinery(net) 47,000.00
land 15,000.00
Total fixed asset 62,000.00
Total asset 125,700.00 Total lia&capital
ME

apital

30,500.00
7,560.00
38,060.00
87,640.00

125,700.00
 1 Closing revenue account

Revenue………………………………70,000
Income summary………………………………70,000

2 closing cost of goods sold

Income summary………………….25,000
cost of goods sold……………………………….25,000

3 closing expense

Income summary………………….27,360
salary expe………….………………………12,500
Rent expe……………………………………..1,000
Supply expe………………………………..1,300
Deprec exp………………………………….3,000
Insurance exp………………………………..500
Miscell expe……………………………...1,500
Tax expe…………………………………….7,560

closing4 income summary

Income summary………………..17,640
Capital…………………………………………………….17,640
Income summary
70,000
25,000
27,360
52,360 70,000
17,640
 Obsinan Blocket Manufacturing SME
Post closing Trial Balance
July 31,2016
Asset Liability&Capital
Current Asset liability
Cash 50,000.00 Current liablity
A/R - A/P 30,500.00
supply 1,200.00 Tax payable 7,560.00
prepaid rent 5,000.00 Total current liab 38,060.00
prepaid insu 2,500.00 Ending capital 87,640.00
inventory 5,000.00
Total current asset 63,700.00
Fixed asset
machinery 50,000.00
Acc.depr(machinery) 3,000.00
land 15,000.00
Total fixed asset 65,000.00
Total asset 128,700.00 Total lia&capital 128,700.00