Filter Criteria includes: Report order is by Check Date. Report is printed in Detail Format.
Date Account ID Transaction Ref Line Description Debit Amnt Credit Amnt
12/3/19 4050 Crafts income
Crafts income 2,850.00
12/3/19 1020 Crafts income
Deposit 2,850.00
12/7/19 4000 Teaching income
Teaching income 2,105.00
12/7/19 1020 Teaching income
Deposit 2,105.00
4,955.00 4,955.00
Crafts by Student Name
Cash Receipts Journal
For the Period From Dec 1, 2019 to Dec 31, 2019
5/14/2020 at 10:52 PM Page: 13
Filter Criteria includes: Report order is by Date. Report is printed in Detail Format.
Date Check # Account ID Line Description Debit Amount Credit Amount
12/2/19 ATM 3930
Student Name, Draw 100.00
12/2/19 ATM 1020
ATM 100.00
12/3/19 1016 6600
Advertising Expense 100.00
12/3/19 1016 1020
Lake Advertising 100.00
12/8/19 1017 6350
Maintenance & Repairs Expense 75.00
12/8/19 1017 1020
Albert Maintenance and Repairs 75.00
12/9/19 1018 6400
Utilities Expense 95.75
12/9/19 1018 1020
Utilities Company 95.75
12/13/19 1019 7400
Postage Expense 49.00
12/13/19 1019 1020
U.S. Post Office 49.00
12/15/19 1020 6500
Telephone Expense 45.05
12/15/19 1020 1020
SIM Telephone 45.05
12/16/19 1021 6560
Internet Service Provider 29.95
12/16/19 1021 1020
DSL Service 29.95
12/20/19 ATM 3930
Student Name, Draw 100.00
12/20/19 ATM 1020
ATM 100.00
12/28/19 1022 1450
Supplies 137.80
12/28/19 1022 1020
Basic Office Supplies 137.80
12/30/19 ATM 3930
Student Name, Draw 200.00
12/30/19 ATM 1020
ATM 200.00
Total 932.55 932.55
Crafts by Student Name
Cash Disbursements Journal
For the Period From Dec 1, 2019 to Dec 31, 2019
5/14/2020 at 10:52 PM Page: 14
Filter Criteria includes: Report order is by ID. Report is printed in Detail Format.
Account ID Account Description Debit Amt Credit Amt
1020 Center Bank 29,244.28
1300 Prepaid Insurance 1,000.00
1400 Prepaid Rent 700.00
1450 Supplies 1,173.40
1500 Computer Equipment 6,500.00
1510 Furniture 3,500.00
1520 Automobile 19,000.00
3920 Student Name, Capital 50,000.00
3930 Student Name, Draw 1,200.00
4000 Teaching Income 6,315.00
4050 Art Income 7,350.00
6350 Maintenance & Repairs Expense 150.00
6400 Utilities Expense 197.30
6500 Telephone Expense 142.17
6560 Internet Service Provider 89.85
6600 Advertising Expense 390.00
6800 Conference Expense 195.00
6850 Bank Service Charge 36.00
7400 Postage Expense 147.00
Total: 63,665.00 63,665.00
Crafts by Student Name
General Ledger Trial Balance (Unadjusted)
As of Dec 31, 2019
Filter Criteria includes: Report order is by ID. Report is printed in Detail Format.
Account ID Account Description Debit Amt Credit Amt
1020 County Bank 29,244.28
1300 Prepaid Insurance 750.00
1450 Supplies 850.00
1500 Computer Equipment 6,500.00
1510 Furniture 3,500.00
1520 Automobile 19,000.00
1900 Accum. Depreciation – Comp Eqt 458.33
1910 Accum. Depreciation – Furnitur 150.00
1920 Accum. Depreciation – Automobi 950.00
3920 Student Name, Capital 50,000.00
3930 Student Name, Draw 1,200.00
4000 Teaching Income 6,315.00
4050 Crafts Income 7,350.00
6300 Rent or Lease Expense 700.00
6350 Maintenance & Repairs Expense 150.00
6400 Utilities Expense 197.30
6450 Office Supplies Expense 323.40
6500 Telephone Expense 142.17
6560 Internet Service Provider 89.85
6600 Advertising Expense 390.00
6800 Conference Expense 195.00
6850 Bank Service Charge 36.00
6950 Insurance Expense 250.00
7050 Deprec. Exp. – Comp Eqt 458.33
7060 Deprec. Exp. – Furniture 150.00
7070 Deprec. Exp. – Automobile 950.00
7400 Postage Expense 147.00
Total: 65,223.33 65,223.33
Crafts by Student Name
General Ledger Trial Balance
As of Dec 31, 2019
5/14/2020 at 10:52 PM Page: 16
ASSETS
Current Assets
County Bank 29,244.28$
Prepaid Insurance 750.00
Supplies 850.00
Total Current Assets 30,844.28
Property and Equipment
Computer Equipment 6,500.00
Furniture 3,500.00
Automobile 19,000.00
Accum. Depreciation – Comp Eqt (458.33)
Accum. Depreciation – Furnitur (150.00)
Accum. Depreciation – Automobi (950.00)
Total Property and Equipment 27,441.67
Crafts by Student Name
Balance Sheet
December 31, 2019
Long-Term Liabilities
Total Long-Term Liabilities 0.00
Total Liabilities 0.00
Capital
Student Name, Capital 50,000.00$
Student Name, Draw (1,200.00)
Net Income 9,485.95
Total Capital 58,285.95
Total Liabilities & Capital 58,285.95$
Current
Month
Year to
Date
Revenues
Teaching Income 2,105.00$ 42.48 6,315.00$ 46.21
Crafts Income 2,850.00 57.52 7,350.00 53.79
Total Revenues 4,955.00 100.00 13,665.00 100.00
Cost of Sales
Total Cost of Sales 0.00 0.00 0.00 0.00
Gross Profit 4,955.00 100.00 13,665.00 100.00
Expenses
Rent or Lease Expense 700.00 14.13 700.00 5.12
Maintenance & Repairs Expense 75.00 1.51 150.00 1.10
Utilities Expense 95.75 1.93 197.30 1.44
Office Supplies Expense 323.40 6.53 323.40 2.37
Telephone Expense 45.05 0.91 142.17 1.04
Total Expenses 3,238.48 65.36 4,179.05 30.58
Crafts by Student Name
Income Statement
For the Twelve Months Ending December 31, 2019
5/14/2020 at 10:52 PM For Management Purposes Only
Current
Month
Year to
Date
Net Income 1,716.52$ 34.64 9,485.95$ 69.42
5/14/2020 at 10:52 PM For Management Purposes Only
Current
Month
Year to
Date
Cash Flows from operating activities
Net Income 1,716.52$ 9,485.95$
Adjustments to reconcile net
income to net cash provided
by operating activities
Accum. Depreciation – Comp Eqt 458.33 458.33
Accum. Depreciation – Furnitur 150.00 150.00
Accum. Depreciation – Automobi 950.00 950.00
Prepaid Insurance 250.00 (750.00)
Prepaid Rent 700.00 0.00
Supplies 185.60 (850.00)
Cash Flows from financing activities
Proceeds From
Crafts by Student Name
Statement of Cash Flow
For the twelve Months Ended December 31, 2019
Current
Month
Year to
Date
Student Name, Draw (400.00) (1,200.00)
Net cash used in financing (400.00) 48,800.00
Net increase <decrease> in cash 4,010.45$ 29,244.28$
Summary
Cash Balance at End of Period 29,244.28$ 29,244.28$
Cash Balance at Beg of Period (25,233.83) 0.00
Net Increase <Decrease> in Cash 4,010.45$ 29,244.28$
5/14/2020 at 10:52 PM Unaudited – For Internal Use Only.
Beginning Retained Earnings 0.00$
Adjustments To Date 0.00
Net Income 9,485.95
Subtotal 9,485.95
Student Name, Draw (1,200.00)
Ending Retained Earnings 8,285.95$
Crafts by Student Name
Statement of Retained Earnings
For the Twelve Months Ending December 31, 2019
5/14/2020 at 10:52 PM For Management Purposes Only
Filter Criteria includes: Report order is by ID. Report is printed in Detail Format.
Account ID Account Description Debit Amt Credit Amt
1020 County Bank 29,244.28
1300 Prepaid Insurance 750.00
1450 Supplies 850.00
1500 Computer Equipment 6,500.00
1510 Furniture 3,500.00
1520 Automobile 19,000.00
1900 Accum. Depreciation – Comp Eqt 458.33
1910 Accum. Depreciation – Furnitur 150.00
1920 Accum. Depreciation – Automobi 950.00
3910 Retained Earnings 8,285.95
3920 Student Name, Capital 50,000.00
Total: 59,844.28 59,844.28
Crafts by Student Name
Postclosing Trial Balance
As of December 31, 2020