Sheet 1: BUSINESS/COMPANY NAME

Business Info
& COA
ACCOUNTING PERIOD

CHART OF ACCOUNTS

ASSETS LIABILITIES
Current Assets Current Liabilities
Cash 1000 Accounts Payable 2000
Supplies 1010 Notes Payable 2001
Merchandising Inventory 1030 Salaries Payable 2002
Inventory 1031 Interest Payable 2003
Inventory, beg. 1032 Taxes Payable 2004
Inventory, end. 1033 Unearned Interest 2100
Accounts Receivable 1040 Unearned Income 2101
Notes Receivable 1050 Accrued Utilities Expense 2200
Interest Receivable 1051
Allowance for Bad Debts 1060
Prepaid Rent 1100
Prepaid Subscription 1101
Prepaid Insurance 1102

This empty boxes are

for accounts that users
want to add because
this is EXTENDABLE.
 Input for the
Business
Information

EQUITY
My Souvenier Capital 3001
No Drawing Account
Income Summary 3003

INCOME
Service Revenue 4000
Sales 4001
Sales Return and Allowance 4002
Sales Discount 4003

OTHER INCOME
Interest Income 7001
Commision Income 7002
 NORMAL ENTRIES 1
DATE TRANSACTION MANUAL ANALYSIS
Account Name Debit Credit
Cash 50000
11/1/2019 My Souvenier, Capital 50000
Equipment 36000
Cash 36000
Prepaid Insurance 12000
These empty boxes
are for the problems Cash 12000
11/12/2019 or transactions you Inventory 15000
need to solve.This is Cash 15000
not necessary to
11/14/2019 type. The only Cash 15000
important part here Sales 15000
is the transaction
analysis and dates. Cost of Goods Sold 2000
Inventory 2000
12/1/2019 Notes Receivable 12000
Sales 12000
Cost of Goods Sold 1500
Inventory 1500
12/5/2019 Inventory 2000
Accounts Payable 2000
12/26/2019 Accounts Receivable 17000
Sales 17000
Cost of Goods Sold 3000
Inventory 3000
12/27/2019 Accounts Payable 1000
Cash 1000
12/29/2019 Cash 10000
Accounts Receivable 10000

This is where you put

the transaction
analysis.
This is where you
put the dates.
 ADJUSTMENTS
Date Transactions MANUAL ANALYSIS
Account Name Debit Credit
Interest Receivable 100
This is where you Interest income 100
put the Salaries expense 10000
transaction Salaries payable 10000
analysis for Depreciation Expense 1500
adjustments and Accumulated Depreciation 1500
is indicated by Bad Debts Expense 1000
"ADJUSTMENTS". Allowance for Bad Debts 1000
Insurance Expense 2000
Prepaid Insurance 2000

BEGINNING BALANCES
Sometimes, there are Particular Debit Credit
problems that give
Beginning balances in
form of trial balance
besides the
transactions. This is
why I added the
 beginning balances
table so you can input
it here.

Also, this transaction analysis only accepts SINGLE ENTRIES, so for joint entries, ple
it into single entry first.
 Sheet 2:
Transaction AFTER PUTTING EVERYTHING NEEDED,
Indicator Analysis YOU CAN NOW ENJOY YOUR FRESH:
1.Journal Entries (Sheet 3)
2. General Ledgers (Sheet 4)
3. Unadjusted Trial Balance (Sheet 5)
4. Adjusting Journal Entries (Sheet 6)
5. Adjusted Trial Balance (Sheet 7)
6. 5-column Worksheet (Sheet 8)
7. Statement of Financial Performance
(Sheet 9.2)
8.Statement of Financial Performance
(Sheet 9.2)
9. Statement of Financial Position (She
10. Statement of Changes In Equity (Sh
11. Closing Entries (Sheet 12)
12. Post Closing Trial Balance (Sheet 13
Indicator

Indicator

It is NEEDED for
you to prioritze
writing debit
accounts first
before credit
because journal
entries is based
here.
 you to prioritze
writing debit
accounts first
before credit
because journal
entries is based
here.

TRIES, so for joint entries, please convert

 NG EVERYTHING NEEDED,
W ENJOY YOUR FRESH:
Entries (Sheet 3)
Ledgers (Sheet 4)
ted Trial Balance (Sheet 5)
g Journal Entries (Sheet 6)
d Trial Balance (Sheet 7)
n Worksheet (Sheet 8)
nt of Financial Performance for Service

nt of Financial Performance for Merchandising

ent of Financial Position (Sheet 10)

ment of Changes In Equity (Sheet 11)
Entries (Sheet 12)
osing Trial Balance (Sheet 13)
DATE
Particulars Ref Debit Credit
Cash 50000
11/1/2019 My Souvenier, Capital 50000

Cash 36000
Equipment 36000

Cash 12000
Prepaid Insurance 12000

Cash 15000
11/12/2019 Inventory 15000

Cash 15000
11/14/2019 Sales 15000

Cost of good 2000

Inventory 2000

Notes Receivable 12000

12/1/2019 Sales 12000

Cost of Goods Sold 1500

Inventory 1500

Inventory
12/5/2019 Accounts Payable 2000
2000

12/26/2019 Accounts Receivable 17000

Sales 17000
Cost of Goods Sold 3000
Inventory 3000
 Cash BALANCE

Date EXPLANATION DEBIT CREDIT DEBIT CREDIT DATE

1-Nov 50000 50000 12-Nov
1-Nov 36000 14000 14-Nov
1-Nov 12000 2000 1-Dec
12-Nov 15000 13000 5-Dec
14-Nov 15000 2000 24-Dec
27-Nov 1000 1000
29-Dec 10000 10000
 "Accounts Receivable BALANCE
DATE EXPLANATION DEBIT CREDIT DEBIT CREDIT DATE
24-Dec 17-Jul 17000 1-Dec
29-Dec 10000 7000
"Inventory" BALANCE
EXPLANATION DEBIT CREDIT CREDIT CREDIT
15000 15000
2000 13000
1500 11500
2000 11500
2000 10500

Sheet4:
General Ledger
"Notes Receivable" BALANCE
EXPLANATION DEBIT CREDIT DEBIT CREDIT
12000 12000
 My Souvenier Company
Unadjusted Trial Balance
December 31, 2019

Accounts Debit Credit

Cash 11000
Inventory 10500
Accounts Receivable 7000
Notes Receivable 12000
Prepaid Insurance 12000
Equipment 36000
Accounts Payable 1000
My Souvenier, Capital 50000
Sales 44000
Cost of Goods Sold 6500
Total 95000 95000
Sheet 5:
Unadjusted
Trial Balance
 Sheet 5:
Unadjusted
Trial Balance
Date Particulars Ref Debit Credit
Interest receivable 100
Interest income 100

Salaries expense 10000

Salaries payable 10000

Depreciation Expense 1500

Accumulated Depreciation 1500

Bad Debts Expense 1000

Allowance for Bad Debts 1000

Insurance Expense 2000

Prepaid Insurance 2000 More Journal
Entries :))

Sheet 6:
Adjusting
Journal Entries
More Journal

Sheet 6:
Adjusting
Journal Entries
 My Souvenier Company
Adjusted Trial Balance
December 31, 2019

Accounts Debit Credit

Cash 11000
Inventory 10500
Accounts Receivable 7000
Notes Receivable 12000
Prepaid Insurance 10000
Equipment 36000
Accounts Payable 1000
My Souvenier, Capital 50000
Sales 44000
Cost of Goods Sold 6500

Interest receivable 100

Interest income 100
Salaries Expense 10000
Salaries Payable 10000
Depreciation Expense 1500
Accumulated Depreciation 1500
Bad Debts Expense 1000
Allowance for Bad Debts 1000
Sheet 7:
Insurance Expense 2000 Adjusted Trial
Adjusted Total 107600 107600 Balance
 Sheet 7:
Adjusted Trial
Balance
 My Souvenier Company
Worksheet
December 31, 2019
Unadjusted Adjusted Statement of
Particulars Trial Balance Adjustments Trial Balance Financial Performance
Cash 11000 11000
Inventory 10500 10500
Accounts Receivable 7000 7000
Notes Receivable 12000 12000
Prepaid Insurance 12000 2000 10000
Equipment 36000 36000
Accounts Payable 1000 1000
My Souvenier, Capital 50000 50000
Sales 44000 44000
Cost of Goods Sold 6500 6500 6500
Total 95000 95000
Interest receivable 100 100
Interest income 100 100
Salaries expense 10000 10000 10000
Salaries payable 10000 10000
Depreciation Expense 1500 1500 1500
Accumulated Depreciation 1500 1500
Bad Debts Expense 1000 1000 1000
Allowance for Bad Debts 1000 1000
Insurance Expense 2000 2000 2000
Adjusted Total 14600 14600 107600 107600 21000
Net Income 23100
Balance 44100

Sheet 8:
Worksheet
 Statement of Statement of
Financial Performance Financial Position
11000
10500
7000
12000
10000
36000
1000
50000
44000

100
100

10000

1500

1000

44100 86600 63500

23100
44100 86600 86600

Sheet 8:
Worksheet
 My Souvenier Company
Statement of Financial Performance
For the year ended December 31, 2019
44,000
Sales 6,500 -6,500
Cost of Goods Sold
Less:
Salaries Expense -10,000
Depreciation Expense -1,500
Bad Debts Expense -1,000
Insurance Expense -2,000 -14,500
Add:
Interest Income 100
Net Income 23,100

Also this is the income

This is a 2-column format statement for service
where all totals are in business but it still works for
the 2nd column and all merchandising.
non-totals or value of
each specific accounts
are in the 1st column.
Sheet 9.1:
Income Statement
for Service
 t 9.1:
tatement
ervice
 My Souvenier Company
Statement of Financial Performance
For the year ended December 31, 2019

Sales 44,000
Less: Sales Return and Allowances
Sales Discount
Net Sales 44,000
Less: Cost of Goods Sold
Beginning Inventory
Add: Net Purchase Sheet 9.2:
Purchases Income Statement
for Merchandising
Add: Freight in
Total
Less: Purchase return and allowances
Purchase discount
Net Purchase
Total goods available for sale'
Also this is the
Less: Ending Inventory 6,500 income
Gross Profit 37,500 statement for
Less: Operating Expenses merchandising .
Unlike the first
Salaries Expense 10,000 one, it doesn't
Depreciation Expense 1,500 work for service
Bad Debts Expense 1,000 business.
Insurance Expense 2,000 -145,000
Add:
Interest Income 100 100
Net Income 23,100
s is the

nt for
ndising .
he first
oesn't
r service
s.
 My Souvenier Company
Statement of Financial Position
As of December 31, 2019

ASSETS
Current Assets
Cash 11,000
Inventory 10,500 This is a 2-column
Accounts Receivable 7000 format where all totals
Notes Receivable 12,000 are in the 2nd column
and all non-totals or
Prepaid Insurance 10,000 value of each specific
Interest Receivable 100 accounts is in the 1st
column.
Allowance for Bad Debts -1,000
Total Current Assets 49,600
Non Current Assets
Equipment 36,000
Accumulated Depreciation -1,500
Total Non Current Assets 34,500
Total Assets 84,100
LIABILITIES
Current Liabilities
Accounts Payable 1000
Salaries Payable 10,000 11,000 Sheet 10:
Total Liabilities 11,000 Balance Sheet
EQUITY
My Souvenier, Capital 73,100 73,100
Total Liabilities and Equity 84,100
This is a 2-column
format where all totals
are in the 2nd column
and all non-totals or
value of each specific
accounts is in the 1st
column.

Sheet 10:
Balance Sheet
 My Souvenier Company
Statement of Changes in Equity
For the year ended December 31, 2019

A. Payapag, Capital, beg.

Add: Owner's investment 617,000
Net Income -40,000
Subtotal 577,000
Deduct: Owner's withdrawal -6,000
A. Payapag, Capital, end 571,000

Ang "capital, end."

dito reflects the value
of the capital in the
balance sheet.

Sheet 11:
Statement of Changes In Equity
 My Souvenier Company
Closing Entries

Date Particulars Ref Debit Credit

Sales 44000
Interest 100
Income Summary 44100

Income Summary 21000 Hindi mo na kailangan

Cost of Goods Sold 6500 pag-isipan ang closing
Salaries Expense 10000 entries dahil pati ito ay
Depreciation Expense 1500 automatic din.
Bad Debts Expense 1000
Insurance Expense 2000

Income Summary 23100

My Souvenier, Capital 23100

Sheet 12:
Closing Entries
 na kailangan
n ang closing
hil pati ito ay
 My Souvenier Company
Post Closing Trial Balance
December 31, 2019

Accounts Debit Credit

Cash 11000
Inventory 10500
Accounts Receivable 7000
Notes Receivable 12000
Prepaid Insurance 10000
Equipment 36000
Accounts Payable 1000
My Souvenier, Capital 73100
Interest receivable 100
Salaries payable 10000
Accumulated Depreciation 1500
Allowance for Bad Debts 1000
Balance 86600 86600

Sheet 13:
Post Closing Trial
Balance
 Sheet 13:
Post Closing Trial
Balance