Jan 18
OPERATING ACTIVITIES
Net Income 6,370.20
Adjustments to reconcile Net Income
to net cash provided by operations:
Accounts Receivable -995.00
Net cash provided by Investing Activities -258.00
FINANCING ACTIVITIES
Business Vehicles Loan -177.57
Office Furniture/Equipment Loan -15.44
Y
our Name’s Concierge for You
Statement of Cash Flows
January 2018
Practice Set 1, Document 69
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 71 of 80
Jan 18
Ordinary Income/Expense
Total Insurance 200.00
Interest Expense
Loan Interest 611.32
Total Interest Expense 611.32
Miscellaneous 120.00
Other Income/Expense
Other Income
Interest Income 53.00
Y
our Name’s Concierge for You
Profit & Loss
January 2018
Practice Set 1, Document 70
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 72 of 80
Jan 31, 18
ASSETS
Current Assets
Fixed Assets
Business Vehicles
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
Accounts Payable 3,590.00
Total Accounts Payable 3,590.00
Y
our Name’s Concierge for You
Balance Sheet
As of January 31, 2018
Practice Set 1, Document 71
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 73 of 80
Trans # Type Date Num Adj Name Memo Account Debit Credit
24 Transfe
01/01/2018 Funds Transfer to Establish Petty Cash Checking 100.00
Funds Transfer to Establish Petty Cash Petty Cash 100.00
100.00 100.00
28 Invoice 01/02/2018 37 Weaver, Jack
A
ccounts Receivable 280.00
Weaver, Jack Transportation Services 280.00
280.00 280.00
A
A
A
31 Payment 01/04/2018 713 Valdez, Ramon Dr. Undeposited Funds 275.00
Valdez, Ramon Dr.
A
ccounts Receivable 275.00
275.00 275.00
A
A
A
Your Name’s Concierge for You
Journal
January 2018
Practice Set 1, Document 72
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 74 of 80
A
A
A
Trans # Type Date Num Adj Name Memo Account Debit Credit
35 Sales Receipt 01/05/2018 22 Nasseri, Fatema Undeposited Funds 95.00
Nasseri, Fatema Household Errands Services 70.00
Nasseri, Fatema Household Chores Services 25.00
38 Deposit 01/06/2018 Deposit Checking 2,070.00
Valdez, Ramon Dr. Deposit Undeposited Funds 275.00
Romero, Roberto Deposit Undeposited Funds 250.00
A
500.00 500.00
40 Payment 01/09/2018 97452 Lim, Keiko Undeposited Funds 200.00
Lim, Keiko
A
ccounts Receivable 200.00
200.00 200.00
41 Payment 01/09/2018 925 Blair, Danielle Undeposited Funds 600.00
Blair, Danielle
A
ccounts Receivable 600.00
A
A
A
A
A
Your Name’s Concierge for You
Journal
January 2018
Practice Set 1, Document 72
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 75 of 80
A
A
Trans # Type Date Num Adj Name Memo Account Debit Credit
49 Bill Pmt -Check 01/13/2018 3 Beverly Hills Automotive Opening balance Checking 500.00
Beverly Hills Automotive Opening balance
A
ccounts Payable 500.00
500.00 500.00
A
A
52 Check 01/15/2018 1 Petty Cash 0.64
Postage and Delivery 0.64
0.64 0.64
A
A
Your Name’s Concierge for You
Journal
January 2018
Practice Set 1, Document 72
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 76 of 80
A
A
Trans # Type Date Num Adj Name Memo Account Debit Credit
56 Payment 01/20/2018 9165 Weaver, Jack Undeposited Funds 280.00
Weaver, Jack
A
ccounts Receivable 280.00
59 Payment 01/20/2018 38197 Lane, Joseph Undeposited Funds 325.00
Lane, Joseph
A
ccounts Receivable 325.00
325.00 325.00
A
62 Invoice 01/23/2018 43 Evans, Dennis
A
ccounts Receivable 1,735.00
Evans, Dennis Pet Care Services 175.00
Evans, Dennis Repair Service Services 1,560.00
A
A
60.00 60.00
Your Name’s Concierge for You
Journal
January 2018
Practice Set 1, Document 72
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 77 of 80
A
A
Trans # Type Date Num Adj Name Memo Account Debit Credit
66 Bill 01/24/2018 81116 Pacific Gasoline
A
ccounts Payable 355.00
Pacific Gasoline Business Vehicles Expense 355.00
69 Check 01/27/2018 6 Bel Air Telephone Checking 150.00
Bel Air Telephone Telephone 150.00
72 Bill Pmt -Check 01/27/2018 9 Wilshire Flowers Checking 60.00
Wilshire Flowers
A
ccounts Payable 60.00
A
A
75 Payment 01/27/2018 235 Evans, Dennis Partial Payment Undeposited Funds 735.00
A
Your Name’s Concierge for You
Journal
January 2018
Practice Set 1, Document 72
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 78 of 80
A
Trans # Type Date Num Adj Name Memo Account Debit Credit
80 General Journal 01/30/2018 Investment: Fax Machine Original Cost 350.00
Investment: Fax Machine Investments 350.00
350.00 350.00
592.00 592.00
84 Check 01/31/2018 Transfe
Golden Bank Business Vehicles Loan: Pmt Checking 729.44
Your Name’s Concierge for You
Journal
January 2018
Practice Set 1, Document 72
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 79 of 80
Trans # Type Date Num Adj Name Memo Account Debit Credit
87 Deposit 01/31/2018 Interest Checking 53.00
Interest Interest Income 53.00
Your Name’s Concierge for You
Journal
January 2018
Practice Set 1, Document 72
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 80 of 80