Ribbons And Bows Essay

258 words - 2 pages

ACC520M - AVILA - CASE 1-1 RIBBONS AN' BOWS, INC.
ACCOUNTS RECEIVABLE SERVICE DEPOSIT INTEREST PAYABLE

Date

CASH

INVENTORY

SUPPLIES

EQUIPMENT

PREPAID RENT

LOANS PAYABLE

SALARIES PAYABLE

EQUITY

Description

En-10 $ 10,000.00 En-10 1,000.00 1-Mar-10 (1,200.00) Mar-10 (3,300.00) Mar-10 (250.00) Mar-10 (100.00) ...view middle of the document...

00 Hun-10 Hun-10 (1,800.00) Hun-10 (2,900.00) Hun-10

$ 1,200.00 3,300.00 250.00 100.00

10,000.00 1,000.00

(150.00) 2,000.00 1,800.00 90.00 320.00 (2,100.00) 2,900.00 (80.00) (250.00) (60.00) (80.00) (250.00) (60.00) (200.00) 2,480.00 12,770.00 (1,600.00) 7,720.00 (2,100.00) (1,800.00)

$

3,390.00

$

320.00

$ 4,100.00

$ 20.00 Total Assets

$ 3,490.00 $ 12,770.00

$

250.00

$

1,200.00

$

10,000.00

200.00 $ 90.00 $ 200.00 Total Liabilities and Equity

Loan from cousins Capital Rent deposit Opening inventory Cash register deposit Store supplies April 2 advertisment Desktop computer and pre-installed business software Commercial sewing machine Salary Income (Received and owed by customer) Depleted Inventory 3 months rental Inventory replenishment Depleted supplies 3-month accumulated depreciation of Computer/Software 2-month accumulated depreciation of Sewing Machine Accrued interest from March - June

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