DATE PARTICULARS

1-Jun CASH
SCDA CAPITAL
To record the cash invested by the owner to the Company
2-Jun RENT EXPENSE
CASH
To record the paid rent for the period
3-Jun SUPPLIES
CASH
To record the purchased of office supplies
5-Jun EQUIPMENT
CASH
ACCOUNT PAYABLE
To record the purchased office equipment ,paying downpayment, balance to be paid next month
8-Jun ACCOUNT RECEIVABLE
SERVICE INCOME
To record the fees earned and billed for clients
10-Jun MARKETING EXPENSE
CASH
To record the paid advertisement
15-Jun CASH
ACCOUNT RECEIVABLE
To record the received cash from customer on account
16-Jun CASH
SERVICE INCOME
To record the received cash from customer for service rendered
19-Jun ACCOUNT PAYABLE
CASH
To record the maid partial payment from the previous purchased of equipment
20-Jun SUPPLIES
ACCOUNT PAYABLE
To record the purchased additional supplies on account
27-Jun REPAIR EXPENSE
CASH
To record the paid expense for repair of the office
28-Jun UTILITIES EXPENSE
ACCOUNT PAYABLE
To record the received telephone bill
29-Jun UTILITIES EXPENSE
CASH
To record the paid electrcity bill
30-Jun WAGES EXPENSE
CASH
 To record the paid salaries of staff
30-Jun NOTE RECEIVABLE
SERVICE INCOME
To record the received promissory note for the service renderered

Total
 F DEBIT AMOUNT
350,000.00

h invested by the owner to the Company

6,500.00

d rent for the period

6,400.00

rchased of office supplies

30,000.00

chased office equipment ,paying downpayment, balance to be paid next month

33,600.00

s earned and billed for clients

2,400.00

d advertisement
13,600.00

eived cash from customer on account

19,470.00

eived cash from customer for service rendered

7,000.00

id partial payment from the previous purchased of equipment

3,500.00

chased additional supplies on account

1,670.00

d expense for repair of the office

2,500.00

eived telephone bill

3,750.00

d electrcity bill
12,000.00
d salaries of staff
10,000.00

eived promissory note for the service renderered

502,390.00
CREDIT AMOUNT TRIAL BALANCE
ACCOUNT TITLE
350,000.00 CASH
ACCOUNT RECEIVABLE
NOTE RECEIVABLE
6,500.00 SUPPILES
EQUIPMENT
ACCOUNT PAYABLE
6,400.00 SCDA CAPITAL
SERVICE INCOME
WAGES EXPENSE
24,000.00 RENT EXPENSE
6,000.00 MARKETING EXPENSE
UTILITIES EXPENSE
REPAIR EXPENSE
33,600.00 TOTAL:

2,400.00

13,600.00

19,470.00

7,000.00

3,500.00

1,670.00

2,500.00

3,750.00

12,000.00
 10,000.00

502,390.00
DEBIT AMOUNT CREDIT AMOUNT
319,370.00
20,000.00
10,000.00
9,900.00
30,000.00
5,000.00
350,000.00
63,070.00
12,000.00
6,500.00
2,400.00
6,250.00
1,650.00
418,070.00 418,070.00
 INCOME STATEMENT
INCOME: DEBIT CREDIT
REVENUE/SALES 63,070
OPERATING EXPENSE:
WAGES EXPENSE 12,000.00
RENT EXPENSE 6,500.00
MARKETING EXPENSE 2,400.00
UTILITIES EXPENSE 6,250.00
REPAIR EXPENSE 1,650.00
TOTAL: 28,800.00 63,070.00
OPERATING INCOME/ RETAINED EARNINGS: 34,270.00
CASH FLOW STATEMENT (DIRECT METHOD) AMOUNT
CASH FLOWS FROM OPERATING ACTIVITY
CASH PAID FOR RENT -6,500
CASH PAID FOR MARKETING EXPENSE -2,400
CASH RECEIVED FROM CUSTOMERS ON ACCOUNT 13,600
CASH RECEIVED FROM CUSTOMERS FOR SERVICE RENDERED 19,470
CASH PAID FOR PREVIOUS PURCHASED OF EQUIPMENT -7,000
CASH PAID FOR REPAIR EXPENSE -1,650
CASH PAID FOR ELECTRICITY BILL -3,750
CASH PAID SALARIES OF STAFF -12,000
NET CASH GENERATED FROM OPERATING ACTIVITIES -230

CASHFLOWS FROM INVESTMENT ACTIVITY

INVESTMENT OF CASH IN COMPANY 350,000
PURCHASED OF EQUIPMENT -24,000
PURCHASED OF SUPPIES -6,400
NET CASH USED IN INVESTING ACTIVITY 319,600

TOTAL: 319,370
 SCDA COMPANY
STATEMENT OF FINANCIAL POSITION
AS OF JUNE 30
ASSET: DEBIT CREDIT
CASH 319,370
ACCOUNT RECEIVABLE 20,000
NOTE RECEIVABLE 10,000
SUPPIES 9,900
EQUIPMENT 30,000
NET ASSET: 389,270
LIABILITIES:
ACCOUNT PAYABLE 5,000
EQUITY:
SCDA CAPITAL 350,000
RETAINED EARNINGS 34,270
TOTAL LIABILITY AND EQUITY: 389,270
STATEMENT OF FINANCIAL INFORMATION
AS OF JUNE 30