Zealock Book shop Journal Records Essay

Zealock Bookstore Record Entries

NO DATE 1 2 several 4 5 6 several 8 almost eight 8 being unfaithful 01-7-08 01-7-08 01-7-08 01-7-08 01-7-08 01-7-08 During '08 During '08 During '08 During 08 During '08 Dr funds cash Pre-paid rent Equipment(bookshelve) Equipment(Computer) Security desposit inventory account receivable cash cost Goods solds account payable cash worker compensation consideration payable cash interest expenditure rent charge depreiation depreiation income tax charge Dr-Amount Categ. 1 25, 000 c. asset 30, 000 c. asset twenty, 000 c. asset four, 000 in. asset 15, 000 in. asset almost eight, 000 c. asset 160, 000 c. asset 148, 200 c. asset twenty four, 600 c. asset 140, 000 ex girlfriend or boyfriend 14, six-hundred liability a hunread forty two, 400 c. asset 16, 700 former mate 139, 800 liability eight hundred fifty c. advantage 900 ex lover 10, 500 ex 4 hundred ex 1, 500 former mate 1, 320 ex Categ. 2 Cr B/S B/S B/S B/S B/S B/S B/S B/S B/S IS DEFINITELY B/S B/S IS B/S B/S IS USUALLY IS CAN BE IS Is usual stock short term loan cash money cash cash account payable revenue inventory revenue inventory account recievable cash payday loans from custome interest payable prepaid lease accumulate depreiation accumulate depreiation income tax payable Cr-Amount Categ. 1 Categ. 2 B/S IS B/S B/S B/S B/S B/S IS B/S B/S B/S B/S B/S B/S B/S B/S B/S B/S B/S B/S

25, 000 ZE 30, 000 liability 20, 000 c. asset some, 000 c. asset 12, 000 c. asset eight, 000 c. asset one hundred sixty, 000 liability 148, 200 revenue a hundred and forty, 000 c. asset twenty four, 600 income 14, six-hundred c. asset 142, 4 hundred c. property 16, 700 c. property 139, 800 c. advantage 850 liability 900 responsibility 10, 1000 c. asset 400 in. asset 1, 500 d. asset one particular, 320 the liability

10 During 08 10 During '08 12 During 08 13 31-12-08 16 31-12-08 12-15 31-12-08 sixteen 31-12-08 17 31-12-08 18 31-12-08

Zealock Bookstore T-Account

NO being unfaithful 12 DATE During '08 During 08 Dr bank account payable accounts payable Dr-Amount 139, 800 5, 600 8 During 08 account receivable 148, 200 bank account recievable 5, 800 142, 400 Cr Cr-Amount 160, 000

13, 600 account payable

you 2 eight 10 13

01-7-08 01-7-08 During '08 During 08 31-12-08

cash cash funds cash cash(advance)

25, 000 cash 35, 000 funds 24, six-hundred cash a hunread forty two, 400 money 850 funds cash twenty four, 350

139, 800 of sixteen, 700 some, 000 twelve, 000 twenty, 000 8, 000

8

During 08

cost Goods solds

a hundred and forty, 000 150, 000

16 17

31-12-08 31-12-08

depreiation(bookselves) depreiation(computer)

500 1, 500 1, nine hundred

11

During 08

staff compensation

sixteen, 700 of sixteen, 700

some 5

01-7-08 01-7-08

Equipment(bookshelve) Equipment(Computer)

some, 000 12, 000 13, 000

18

31-12-08

tax expense

1, 320 1, 320

16

31-12-08

interest expense

nine hundred 900

six

During '08

inventory

160, 000 inventory inventory 5, 400

16, 600 140, 000

a few

01-7-08

Prepaid rental

twenty, 000 prepaid rent 15, 000

12, 000

15

31-12-08

lease expense

12, 000 10, 000

6th

01-7-08

Protection desposit

almost eight, 000 almost 8, 000 prevalent stock 25, 000

twenty-five, 000 tax payable one particular, 320 you, 320 fascination payable nine hundred 900 revenue revenue 148, 200 24, 600 172, 800 short term personal loan 30, 1000 30, 500 accumulate depreiation(bookselv accumulate depreiation(compute 400 1, 500 one particular, 900 advancements from buyers 850 eight hundred fifty

Zealock Book shop Income statement Sales earnings cost of items sold Major Profit Offering and admin. Expense employee compensation hire expense depreiation(bookselves) depreiation(computer) Functioning income curiosity expense Cash flow before tax income tax price Net Income

Dec. 31. 08 172, 800 ($140, 000) 32, 800 ($28, 600) 16, seven-hundred 10, 500 400 one particular, 500 some, 200 ($900) 3, 300 ($1, 320) 1, 980

During 08 During 08 31-12-08 01-7-08 01-7-08 01-7-08 01-7-08 During 08 During 08 During 08 During 08 During 08 During 08 31-12-08 31-12-08 31-12-08 31-12-08 31-12-08 01-7-08 01-7-08

Zealock Bookstore Balance Sheet

ASSET Curret property cash bank account receivable products on hand prepaid rent Security desposit Total Current asset Non current property Equipment gather depreiation Total Non Current asset 24, 350 five, 800 five, 400 15, 000 8, 000 53, 550 13, 000 ($1, 900) doze, 100 Debts Current Debts account payable advances via customers income tax payable curiosity payable short term loan Total Current Liabilities Shareholder's Equity...

Accounting Standard 10: Accounting for Set Assets Dissertation