Date 2011 October

General Journal Description 1 Cash Capital Initial Cash Instrument 2 Tools Capital Invested Tools in the Bussiness 3 Office Equipment Cash Purchased PC for cash 4 Furnitures & Fixtures Accounts Payable Purchased of Tables 5 Office Equipment Notes Payable Purchased of Office Equipment 6 Cash Loan Payable Barrowed Money from BPI 7 Cash Service Income Received cash for service rendered 8 Account Receivable Service Income Service Income in Account 9 Note Receivable Service Income Receive PN

F 100 301

Debit 200,000

page 1 Credit

200,000

110 301

14,000 14,000

112 100

20,000 20,000

111 202

12,000 12,000

112 201

45,000 45,000

100 210

35,000 35,000

100 401

40,000 40,000

101 401

3,600 3,600

102 401

4,000 4,000

General Journal
10 Office Supplies Cash Purchased Printer Ink 104 100 800

page 2

800

11 Rent Expense Cash Paid rent for Cash 12 Salary Expense Cash Paid the salaries of Employees 13 Cash Rent Income Received from tenant 14 Drawing Cash Owner withdraw for personal use 15 Accounts Payable Cash Partial Payment 16 Notes Payable Cash Payment for PN 17 Loan Payable Cash Paid Loan 18 Cash Note Receivable Collect of Receivable

502 100

3,000 3,000

501 100

12,000 12,000

100 402

500 500

302 100 202 100

2,500 2,500

6,000 6,000

201 100

45,000 45,000

210 100

35,000 35,000

100 102

4,000 4,000

General Journal
19 Cash Note Receivable Collected PN 20 Cash Mortgage Payable MortgageEquipment 21 Accounts Payable Notes Payable Issued PN for Nicfur 22 Note Receivable Account Receivable 100 102 2,000

page 3

2,000

100 204

10,000 10,000

202 201

6,000 6,000

102 101

1,600 1,600

Received PN 23 Advertisiing Expense Insurance Expense Cash Paid the Expense 24 Furniture and Fixture Accounts Payable Cash 25 Accounts Receivable Cash Service Income Billed Customer 511 509 100 1,400 2,100 3,500

111 202 100 101 100 401

8,000 6,000 2,000 1,500 1,500 3,000

DATE
2011 1-Oct 6-Oct 7-Oct 13-Oct 18-Oct 19-Oct 20-Oct 25-Oct

PARTICULARS
Intial cash investment Barrowed Money from bank Received cash for repair service income from rent Received cash for note receivable receivrd cash from mr. cruz morgaged equipment collected for service rendered

F
J1 J1 J1 J2 J2 J3 J3 J3

CASH DEBIT DATE

200,000 35,000 40,000 500 4000 2000 10000 1500 2011 3-Oct 10-Oct 11-Oct 12-Oct 14-Oct 15-Oct 16-Oct 17-Oct 23-Oct 24-Oct

293000 163200

ACCOUNT RECEIVABLE DATE

8-Oct 25-Oct

PARTICULARS
income for service rendered collected for service rendered

F
J1 J3

DEBIT
3600 1500

DATE
19-Oct 22-Oct

5100 1500

DATE
2011 2-Oct

PARTICULARS
Invested tools in the Bussiness

F
J1

TOOLS DEBIT DATE

14,000

14000

DATE
2011 3-Oct 5-Oct

PARTICULARS
Purchased PC for cash purchased a Offfice equipment

OFFICE EQUIPMENT F DEBIT DATE

J1 J1 20,000 45,000

65000

DATE
2011 4-Oct 24-Oct

PARTICULARS
purchased Tables boght more tables

FURNITURE & FIXTURE F DEBIT DATE

J1 J3 12,000 8000

20000

DATE
9-Oct 22-Oct

PARTICULARS
income for service received note from mr.cruz

F
J1 J3

NOTE RECEIVABLE DEBIT DATE

4000 1600 18-Oct

5600 1600

DATE
10-Oct

PARTICULARS
bought ink for printer

F
J2

SUPPLIES 1 DATE
800

800

PARTICULARS
Purchased PC for Cash purchased ink for printer paid rent of the office paid salary of the employees owner withrows cash partial payment to nicufer paid promisary note paid loan payable of bank Paid the Expense downpayment for F&F

Acct # 100 F CREDIT

J1 J2 J2 J2 J2 J2 J2 J2 J3 J3 20,000 800 3000 12000 2500 6000 45000 35000 3500 2000

DATE
16-Oct

DATE
15-Oct 22-Oct

129800

Acct # 101 PARTICULARS

rceived cash from mr. cruz received PN from mr. cruz

F
J3 J3

CREDIT
2000 1600

DATE
17-Oct

3600

PARTICULARS

Acct # 110 F CREDIT

DATE

PARTICULARS

Acct # 112 F CREDIT

PARTICULARS

Acct # 111 F CREDIT

PARTICULARS

Acct # 102 CREDIT

4000

received cash for note receivable J2

4000

PARTICULARS

Acct # 104 CREDIT

PARTICULARS
paid promisary note

F
J2

NOTE PAYABLE DEBIT DATE

45000 22-Oct 2011 5-Oct

PARTICULARS
purchased a office equipment

J1 issued note payable to nicufer J3

45000

PARTICULARS
paid partial payment issued note payable to nicufer

F
J2 J3

ACCOUNTS PAYABLE DEBIT DATE

6000 6000 2011 4-Oct 24-Oct

PARTICULARS
bought tables on credit bought tables on credit

F
J1 J3

12000

PARTICULARS
paid money to bank

F
J2

LOAN PAYABLE DEBIT DATE

35000 2011 6-Oct

PARTICULARS
borrowed money form bank

F
J1

PARTICULARS

MORTGAGE PAYABLE DEBIT DATE

20-Oct

PARTICULARS
mortgaged equipment

F
J3

Acct # 201 CREDIT

45,000 6000

DATE

PARTICULARS

N. SANTOS CAPITAL F DEBIT DATE

2011 1-Oct 2-Oct

51000 6000

Acct # 202 CREDIT

12,000 6000

DATE
14-Oct

PARTICULARS
owner withrows cash

N. SANTOS DRAWING F DEBIT DATE

J2 2500

18000

-6000

Acct # 210 CREDIT

35,000

Acct # 204 CREDIT

10000

PARTICULARS
Intial investment Invested tools in Bussiness

Acct # 301 F CREDIT

J1 J1 200,000 14,000

DATE

PARTICULARS

PARTICULARS

Acct # 302 F CREDIT

DATE

PARTICULARS

PARTICULARS

SERVICE INCOME DEBIT DATE

7-Oct 8-Oct 9-Oct 25-Oct

PARTICULARS
Received for service rendered income for service rendered income for service rendered income for service rendered

F
J1 J1 J1 J3

PARTICULARS

RENT INCOME DEBIT DATE

13-Oct

PARTICULARS
Income from rent

F
J2

Acct # 401 CREDIT

40000 3600 4000 3000

DATE
11-Oct

PARTICULARS
paid rent of office space

F
J2

RENT EXPENSE DEBIT

3000

50600

Acct # 402 CREDIT

500

DATE
12-Oct

PARTICULARS
paid salay of employees

F
J2

SALARIES EXPENSE DEBIT

12000

DATE
23-Oct

PARTICULARS
advertising

F
J3

ADVERTISING EXPENSE DEBIT

1400

DATE
23-Oct

PARTICULARS
Insurance

INSURANCE EXPENSE F DEBIT

J3 2100

RENT EXPENSE DATE

PARTICULARS

Acct # 502 F CREDIT

SALARIES EXPENSE DATE

PARTICULARS

Acct # 501 F CREDIT

DVERTISING EXPENSE DATE

PARTICULARS

Acct # 511 CREDIT

SURANCE EXPENSE DATE

PARTICULARS

Acct # 509 F CREDIT

RFC CORPORATION TRIAL BALANCE AS OF DECEMBER 31 ,2011 ACCOUNT TITTLE DEBIT CASH 163200 ACCOUNT RECEIVABLE 1500 TOOLS 14000 OFFICE EQUIPMENT 65000 F&F 20000 NOTE RECEIVABLE 1600 SUPPLIES 800 NOTE PAYABLE ACCOUNT PAYABLE MORTGAGE PAYABLE N. SANTOS CAPIOTAL OWNER'S DRAWING SERVICE INCOME RENT INCOME RENT EXPENCE SALARY EXPENCE ADVERTISING EXPENCE INSURANCE EXPENCE TOTAL 2500

CREDIT

6000 6000 10000 214000 50600 500

3000 12000 1400 2100 287100

287100

RFC CORP. INCOME STATEMENT FOR THE YEAR ENDED DEC.31,2011 SERVICE INCOME ADD. RENT INCOME TOTAL INCOME LESS OPERATING EXPENSE: SALARY EXPENSE RENT EXPENSE ADVERTISING EXPENSE INSURANCE EXPENCE INCOME FROM OPERATION ADD. INTEREST INCOME LESS INTEREST EXPENSE 50,600 500 51,100

12,000 3,000 1,400 2,100

18,500 32,600 -

INCOME FROM OPERATION

32,600

RFC CORP. BALANCE SHEET AS OF DECEMBER 31,2010

ASSET CURRENT ASSETS: CASH ACCOUNT RECEIVABLE NOTE RECEIVABLE SUPPLIES TOTAL NON-CURRENT ASSETS: OFFICE EQUIPMENT TOOLS F&F TOTAL TOTAL ASSETS LIABILITIES AND OWNER'S EQUITY ACCOUNT PAYABLE NOTE PAYABLE LOAN PAYABLE MORTGAGE PAYABLE TOTAL LIABILITIES

163200 1500 1600 800 167100

65000 14000 20000 99000 266100

6000 6000 0 10000 22000

OWNER'S EQUITY TOTAL LIABILITIES AND OWNER's Equity

244100 266100