flaka burger : fast food restaurant: specializes in burgers. we are dedicated to providing you with...
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Triple Flaka With Cheese – $2.99 Double Cheeseburger- $0.99
Spicy Flaka Sandwich – $2.99 Flaka Strips - $2.99
Lil Flaka $0.99Spicy Grilled Chicken Sandwich $0.99
412 555 6555
400 Lincoln High way
GRAND OPENING!!!!
Best Food In Town!!
Flaka Dolla Menu
Huge Sale!!
Open 24 Hours!!
Flaka Burger: Chart of Accounts General Ledger
Balance Sheet Accounts (1000) Assets 1110 Cash 1120 Petty Cash 1130 Accounts Receivable 1140 Supplies 1150 Insurance
(2000) Liabilities 2110 Accounts Payable 2120 Sales Credit 2130 Sales Tax Payable Credit
(3000) Owners Equity 3110 Dwayne Wade, Capital 3120 Dwayne Wade, Drawing 3130 Delvon Smith, Capital 3140 Delvon Smith, Drawing 3150 Income Summary
Income Statement Accounts (4000) Operating Revenue 4110 Sales (5000) Cost of Merchandise 5110 Purchases (6000) Expenses 6110 Advertising Expense 6120 Misc. Expense 6130 Rent Expense 6140 Repair Expense
Subsidiary Ledgers Accounts Receivable Ledger 110 A/R Rajon Rondo 120 A/R Kobe Bryant 130 A/R Sean John Accounts Payable Ledger 210 A/P Food Supplies 220 A/P Morgans Hardware
Company 230 A/P USA Dishware
Transactions Feb. 1. Received cash from Delvon Smith, partner, as an
investment, $25,000.00 R1 1. Received cash from Dwayne Wade, partner, as an investment,
$25,000.00 R2 1. Paid cash for rent, $1,500.00. C350. 2. Bought supplies on account from Morgans Hardware
Company, $2000.00. M49 4. Recorded cash and credit card sales, $1000, plus sales tax,
$70.00; total $1070.00 T4 4. Paid cash on account to Morgans Hardware Company,
$2000.00. C351 5. Sold merchandise on account to Rajon Rondo, $1070.00. S80. 6. Rajon Rondo paid cash on his account, $3000.00. R90 7. Paid cash for electric bill, $500.00 C352 8. Sold merchandise on account to Kobe Bryant, $1,070.00 S81
Transactions 8. Dwayne Wade, partner, withdrew merchandise for personal use
with a cost of $200.00 M50 9. Purchased merchandise on account from Food Supplies $1000.00.
P100 10. Purchased merchandise on account from Food Supplies, $500.00
P101 11. Cash and credit card sales for the week were $1070.00. T11 11. Paid cash on account to Morgans Hardware Company, $2000.00
C354 12. Paid cash for water bill, $500.00 C355 14. Paid cash for telephone bill, $500.00 C356 15. Sean John bought merchandise on account, $1070.00 S82 16. Purchased supplies on account from USA Dishware, $7000.00 M51 17. Delvon Smith, partner, withdrew cash for personal use, $10,000.00
C357
Transactions17. Dwayne Wade, partner, withdrew cash for personal use,
$10,000.00C35818. Cash and credit card sales for the week were $1070.00
T1818. Paid cash for miscellaneous expense, $500.00 C35919. Paid cash for insurance, $500.00 C36019. Received cash on account from Kobe Bryant, $3,500 R9119. Paid for cash for insurance, $1000.00 C36120. Purchased merchandise on account from Food Supplies,
$500.00P10221. Received cash on account from Sean John, $500.00 R9221. Purchased merchandise for cash, $5,000. C36222. Rajon Rondo paid cash on his account, $3025.00 R93
Transactions23. Bought store supplies with cash, $3.00 C36323. Sean John bought merchandise on account,
$1070.00 S8324. Rajon Rondo bought merchandise on account,
$26,750.00 S8425. Cash and credit sales for the week were $1070.00
T2526. Delvon Smith, partner, withdrew merchandise for
personal use with a cost of C36428. Paid cash to replenish the petty cash fund, $500:
supplies, 350; advertising, $105; miscellaneous, $95. C365
28. Recorded cash and credit card sales, $1070.00 T28
Journal Page
Account Title Doc. No Post Ref.
General Accounts Receivable Sales Sales Tax Accounts Payable Purchases Cash
Debit Credit Debit Credit Credit Credit Debit Credit Debit Debit Credit
Delvon Smith R1 25,000.00 25,000.00
Dwayne Wade R2 25,000.00 25,000.00
Rent Expense C350 1,500.00 1,500.00
Morgans Hardware Co M49 2,000.00
Supplies 2,000.00
√T4 1,000.00 70.00 1,070.00
Morgans Hardware Co C351 2,000.00 2,000.00
Rajon Rondo S80 1,070.00 1,000.00 70.00
Rajon Rondo R90 3,000.00 3,000.00
Electric Expense C352 500.00 500.00
Kobe Bryant S81 1,070.00 1,000.00 70.00
Dwayne Wade M50 200.00
Purchases 200.00
Food Supplies P100 1,000.00 1,000.00
Food Supplies P101 500.00 500.00
√ T11 1,000.00 70.00 1,070.00
Morgans Hardware Co C354 2,000.00 2,000.00
Water Expense C355 500.00 500.00
Telephone Expense C356 500.00 500.00
Sean John S82 1,070.00 1,000.00 70.00
M51 7,000.00
Supplies 7,000.00
Delvon Smith C357 10,000.00 10,000.00
Dwayne Wade C358 10,000.00 10,000.00
√ T18 1,000.00 70.00 1,070.00
Misc Expense C359 500.00 500.00
Insurance C360 500.00 500.00
Kobe Bryant R91 3,500.00 3,500.00
Insurance C361 1,000.00 1,000.00
Food Supplies P102 500.00 500.00
Sean John R92 500.00 500.00
√ C362 5,000.00 5,000.00
Rajon Rondo R93 3,025.00 2,975.00
C363 3.00
Sean John S83 1,070.00 1,000.00 70.00 3.00
Rajon Rondo S84 26,750.00 25,000.00 1,750.00
√ T25 1,000.00 70.00 1,070.00
Delvon Smith C364 2.00 2.00
Supplies C365 350.00 500.00
Advertising Expense 105.00
Misc Expense 95.00
√ T28 1000 70 1070
Totals 36,755.00 50,200.00 31,030.00 10,025.00 34,000.00 2,380.00 4,000.00 11,000.00 5,000.00 65,325.00 34,505.00
Col. # Column Title Debit Totals Credit Totals1 General Debit $36,755.00
2 General Credit $50,200.003 Accounts Receiable Debit $31,030.004 Accounts Receivable Credit $10,025.00
5 Sales Credit $34,000.006 Sales Tax Payable Credit $2,380.00
7 Account Payable Debit $4,000.00
8 Accounts Payable Credit $11,000.009 Purchases Debit $5,000.00
10 Cash Debit $65,325.00
11 Cash Credit $34,505.00Totals $142,110.00 $142,110.00
Cash on hand at the beginning of the month ……….. $0.00
Plus total cash received during the month ……..……. $65,325.00
Equals total …………………………………………….. $65,325.00
Less total cash paid during the month …..…………… $34,505.00
Equals cash balance on hand at end of the month .... $30,820.00
Checkbook balance on the next unused check stub … $30,820.00
Prove for the Debits & Credits
End of Month Cash Proof
Have A Flaka Burger!