Filter Criteria includes: Report order is by ID. Report is printed with Accounts having Zero Amounts and in Detail Format.
Account ID Account Description Active? Account Type
10000 Petty Cash Yes Cash
10200 Lincoln Bank Yes Cash
10300 Penn Savings & Loan Yes Cash
10700 Investments-Cert. of Deposit Yes Cash
11000 Accounts Receivable Yes Accounts Receivable
11400 Other Receivables Yes Accounts Receivable
11500 Allowance for Doubtful Account Yes Accounts Receivable
12000 Raw Materials Inventory Yes Inventory
12010 Inventory-Backpacks Yes Inventory
12020 Inventory-Sleeping Bags Yes Inventory
12030 Inventory-Tents Yes Inventory
12050 Supplies Inventory Yes Inventory
12100 Work in Progress Inventory Yes Inventory
12150 Finished Goods Inventory Yes Inventory
14000 Prepaid Insurance Yes Other Current Assets
14100 Employee Advances Yes Other Current Assets
14200 Notes Receivable-Current Yes Other Current Assets
14300 Prepaid Interest Yes Other Current Assets
14700 Other Current Assets Yes Other Current Assets
15000 Furniture and Fixtures Yes Fixed Assets
15100 Computers & Equipment Yes Fixed Assets
15200 Trucks/Autos Yes Fixed Assets
15300 Other Depreciable Property Yes Fixed Assets
15500 Building Yes Fixed Assets
15600 Building Improvements Yes Fixed Assets
CL Manufacturing, Inc.
Chart of Accounts
As of Jan 31, 2019
Account ID Account Description Active? Account Type
23100 Sales Tax Payable Yes Other Current Liabilities
23200 Wages Payable Yes Other Current Liabilities
23300 Medicare Employee Taxes Payabl Yes Other Current Liabilities
23350 Medicare Employer Taxes Payabl Yes Other Current Liabilities
23400 Federal Payroll Taxes Payable Yes Other Current Liabilities
23500 FUTA Tax Payable Yes Other Current Liabilities
23600 State Payroll Taxes Payable Yes Other Current Liabilities
23650 Employee SUI Taxes Payable Yes Other Current Liabilities
23700 SUTA Payable Yes Other Current Liabilities
23800 Local Payroll Taxes Payable Yes Other Current Liabilities
23900 Income Taxes Payable Yes Other Current Liabilities
24000 Soc. Sec. Employee Taxes Payab Yes Other Current Liabilities
24100 Soc. Sec. Employer Taxes Payab Yes Other Current Liabilities
24200 Current Portion Long-Term Debt Yes Other Current Liabilities
24400 Deposits from Customers Yes Other Current Liabilities
24900 Suspense-Clearing Account Yes Other Current Liabilities
27000 Mortgage Payable Yes Long Term Liabilities
27100 Deferred Revenue Yes Long Term Liabilities
27400 Other Long-Term Liabilities Yes Long Term Liabilities
39003 Common Stock Yes Equity-doesn’t close
39004 Paid-in Capital Yes Equity-doesn’t close
39005 Retained Earnings Yes Equity-Retained Earnings
52500 Commissions Yes Cost of Sales
53000 Miscellaneous Factory Costs Yes Cost of Sales
57000 Cost of Sales-Salaries and Wag Yes Cost of Sales
57500 Cost of Sales-Freight Yes Cost of Sales
58000 Cost of Sales-Other Yes Cost of Sales
5/14/2020 at 10:55 PM Page: 2
Account ID Account Description Active? Account Type
58500 Inventory Adjustments Yes Cost of Sales
59000 Purchase Returns and Allowance Yes Cost of Sales
59500 Purchase Discounts Yes Cost of Sales
60000 Default Purchase Expense Yes Expenses
60100 Advertising Expense Yes Expenses
60500 Amortization Expense Yes Expenses
61000 Auto Expenses Yes Expenses
61500 Bad Debt Expense Yes Expenses
62000 Bank Charges Yes Expenses
62500 Cash Over and Short Yes Expenses
63000 Charitable Contributions Exp Yes Expenses
63500 Commissions and Fees Exp Yes Expenses
64000 Depreciation Expense Yes Expenses
64500 Dues and Subscriptions Exp Yes Expenses
65000 Employee Benefit Programs Exp Yes Expenses
65500 Freight Expense Yes Expenses
66000 Gifts Expense Yes Expenses
70000 Maintenance Expense Yes Expenses
70500 Meals and Entertainment Exp Yes Expenses
71000 Office Expense Yes Expenses
72000 Payroll Tax Expense Yes Expenses
72500 Employer FUTA Expense Yes Expenses
73000 Employer SUTA Expense Yes Expenses
73200 Employer Soc. Sec. Taxes Expen Yes Expenses
73300 Employer Medicare Expense Yes Expenses
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Account ID Account Description Active? Account Type
90000 Gain/Loss on Sale of Assets Yes Expenses
5/14/2020 at 10:55 PM Page: 4
Filter Criteria includes: Report order is by ID. Report is printed in Detail Format.
Account ID Account Description Debit Amt Credit Amt
10200 Lincoln Bank 90,022.41
10300 Penn Savings & Loan 24,808.86
10700 Investments-Cert. of Deposit 14,500.00
11000 Accounts Receivable 2,625.00
12010 Inventory-Backpacks 1,612.50
12020 Inventory-Sleeping Bags 1,567.50
12030 Inventory-Tents 2,440.35
14000 Prepaid Insurance 3,600.00
15000 Furniture and Fixtures 2,500.00
15100 Computers & Equipment 6,000.00
15200 Trucks/Autos 25,000.00
15500 Building 105,000.00
20000 Accounts Payable 1,369.50
22000 Credit Card Payable 15,100.00
23300 Medicare Employee Taxes Payabl 112.23
23350 Medicare Employer Taxes Payabl 112.23
23400 Federal Payroll Taxes Payable 356.41
23500 FUTA Tax Payable 46.44
23600 State Payroll Taxes Payable 237.57
23650 Employee SUI Taxes Payable 5.37
23700 SUTA Payable 263.16
23800 Local Payroll Taxes Payable 77.40
51000 Direct Labor Costs 6,240.00
59500 Purchase Discounts 19.29
62000 Bank Charges 42.00
67500 Interest Expense 125.17
CL Manufacturing, Inc.
General Ledger Trial Balance
As of Jan 31, 2019
Account ID Account Description Debit Amt Credit Amt
73300 Employer Medicare Expense 112.23
76000 Telephone Expense 189.10
77000 Salaries Expense 1,500.00
78000 Utilities Expense 204.75
Total: 292,837.40 292,837.40
ASSETS
Current Assets
Lincoln Bank 90,022.41$
Penn Savings & Loan 24,808.86
Investments-Cert. of Deposit 14,500.00
Accounts Receivable 2,625.00
Inventory-Backpacks 1,612.50
Inventory-Sleeping Bags 1,567.50
Inventory-Tents 2,440.35
Prepaid Insurance 3,600.00
Total Current Assets 141,176.62
Property and Equipment
Furniture and Fixtures 2,500.00
Computers & Equipment 6,000.00
Trucks/Autos 25,000.00
Building 105,000.00
Total Property and Equipment 138,500.00
Current Liabilities
Accounts Payable 1,369.50$
Credit Card Payable 15,100.00
Medicare Employee Taxes Payabl 112.23
Medicare Employer Taxes Payabl 112.23
Federal Payroll Taxes Payable 356.41
FUTA Tax Payable 46.44
State Payroll Taxes Payable 237.57
Employee SUI Taxes Payable 5.37
SUTA Payable 263.16
Local Payroll Taxes Payable 77.40
Soc. Sec. Employee Taxes Payab 479.88
Soc. Sec. Employer Taxes Payab 479.88
Total Current Liabilities 18,640.07
Long-Term Liabilities
Mortgage Payable 96,915.94
Total Long-Term Liabilities 96,915.94
Total Liabilities 115,556.01
Current
Month Year to
Date
Revenues
Sales-Backpacks 3,000.00$ 21.69 3,000.00$ 21.69
Sales-Sleeping Bags 3,885.00 28.09 3,885.00 28.09
Sales-Tents 7,175.00 51.88 7,175.00 51.88
Sales Discounts (228.70) (1.65) (228.70) (1.65)
Total Revenues 13,831.30 100.00 13,831.30 100.00
Cost of Sales
Raw Material Purchases 3,729.35 26.96 3,729.35 26.96
Direct Labor Costs 6,240.00 45.12 6,240.00 45.12
Purchase Discounts (19.29) (0.14) (19.29) (0.14)
Total Cost of Sales 9,950.06 71.94 9,950.06 71.94
Gross Profit 3,881.24 28.06 3,881.24 28.06
Expenses
Bank Charges 42.00 0.30 42.00 0.30
Interest Expense 125.17 0.90 125.17 0.90
Employer FUTA Expense 46.44 0.34 46.44 0.34
Employer SUTA Expense 263.16 1.90 263.16 1.90
Employer Soc. Sec. Taxes Expen 479.88 3.47 479.88 3.47
CL Manufacturing, Inc.
Income Statement
For the One Month Ending January 31, 2019
Current
Month Year to
Date
Net Income 918.51$ 6.64 918.51$ 6.64
5/14/2020 at 10:55 PM For Management Purposes Only
Current
Month Year to
Date
Cash Flows from operating activities
Net Income 918.51$ 918.51$
Adjustments to reconcile net
income to net cash provided
by operating activities
Accounts Receivable (2,625.00) (2,625.00)
Inventory-Sleeping Bags 192.50 192.50
Inventory-Tents 239.25 239.25
Accounts Payable 1,369.50 1,369.50
Credit Card Payable (800.00) (800.00)
Medicare Employee Taxes Payabl 112.23 112.23
Medicare Employer Taxes Payabl 112.23 112.23
Federal Payroll Taxes Payable 356.41 356.41
FUTA Tax Payable 46.44 46.44
State Payroll Taxes Payable 237.57 237.57
Employee SUI Taxes Payable 5.37 5.37
SUTA Payable 263.16 263.16
Local Payroll Taxes Payable 77.40 77.40
Soc. Sec. Employee Taxes Payab 479.88 479.88
Soc. Sec. Employer Taxes Payab 479.88 479.88
Total Adjustments 546.82 546.82
CL Manufacturing, Inc.
Statement of Cash Flow
For the one Month Ended January 31, 2019
Current
Month Year to
Date
Cash Flows from financing activities
Proceeds From
Used For
Mortgage Payable (584.06) (584.06)
Net cash used in financing (584.06) (584.06)
Net increase <decrease> in cash 881.27$ 881.27$
Summary
Cash Balance at End of Period 129,331.27$ 129,331.27$
Cash Balance at Beg of Period (128,450.00) (128,450.00)
Net Increase <Decrease> in Cash 881.27$ 881.27$
Beginning Retained Earnings 0.00$
Adjustments To Date 0.00
Net Income 918.51
Subtotal 918.51
Ending Retained Earnings 918.51$
CL Manufacturing, Inc.
Statement of Retained Earnings
For the One Month Ending January 31, 2019
5/14/2020 at 10:55 PM For Management Purposes Only