Group 4

Cyrus Gatongay
Joe Lalimarmo

ENTRY:

20X0
1/10/20XO CASH $ 300,000.00
ABLE CAPITAL $ 100,000.00
BAKER CAPITAL $ 100,000.00
CABOT CAPITAL $ 100,000.00
to record initial capital of owners

4/1/20XO CASH $ 100,000.00

NOTES PAYABLE $ 100,000.00
to record bank loan of the company

12/31/20X0 NET LOSS $ 54,000.00

CASH $ 54,000.00
to recognized incurred loss @ end of the year

12/31/20X0 ABLE CAPITAL $ 18,000.00

CABOT CAPITAL $ 18,000.00
BAKER CAPITAL $ 18,000.00
NET LOSS $ 54,000.00 CASH
reversal of income(loss) divided equally by the shareholders.
 20X1
4/26/20X1 CASH $ 50,000.00
ADVCES FROM OFFICER-CABOT $ 50,000.00
to record loan of co. to Cabot

10/1/20X1 BAKER CAPITAL $ 82,000.00

ABLE CAPITAL $ 41,000.00
CABOT CAPITAL $ 41,000.00
to record owneship sold by Baker to 2 Owners

12/31/20X1 CASH $ 12,000.00

NET INCOME $ 12,000.00
to recognized income @ end of the year

12/31/20X1 NET INCOME $ 12,000.00

CABOT CAPITAL $ 6,000.00
ABLE CAPITAL $ 6,000.00
reversal of income(loss) divided equally by the shareholders.

INVESTED CAPITAL AS OF 12/31/20X1

Capital Balance, Jan. 2010 $ 300,000.00

add:
Transfer of Ownweship of Baker $ 82,000.00
 Net Income, 12.31.11 $ 12,000.00
less:
Net Loss, 12.31.10 $ (54,000.00)
Withdrawal-Capital, Baker $ (82,000.00)
TOTAL INVESTED CAPITAL $ 258,000.00

20X2
Authorized Common Share of stock $ 50,000.00 (500 shares @ $100) - NO ENTRY REQUIRED-
This is the total number of shares they can sell

1/1/20X2 CASH (100share @ 100) $ 10,000.00

COMMON STOCK -100 par value $ 10,000.00
issued @ 100 par stock (only 100 shares were issued)

3/21/20X2 CASH $ 50,000.00

NOTES PAYABLE $ 50,000.00
to record additional loan of the co.

3/21/20X2 ADVANCES FROM OFFICER- CABOT $ 50,000.00

CASH $ 50,000.00
Payment of for loan-Cabot.

12/31/20X2 CASH $ 26,000.00

NET INCOME $ 26,000.00
to recognized income @ end of the year

12/31/20X2 NET INCOME $ 26,000.00

 CABOT CAPITAL $ 13,000.00
ABLE CAPITAL $ 13,000.00
reversal of income(loss) divided equally by the shareholders.

20x3
1/1/20x3 CASH $ 100,000.00
COMMON STOCK $ 100,000.00
1000-for-1 stock split (1000@$100)

12/31/20X3 CASH $ 43,000.00

CABOT CAPITAL $ 21,500.00
ABLE CAPITAL $ 21,500.00
record share of income

12/31/20x3 EPS- EARNING PER SHARE NET INCOME 43,000.00 0.43

OUSTANDING SHARE 100,000.00

20x4

1/1/20X4 INVESTMENT $ 775,000.00

CABOT CAPITAL $ 387,500.00
ABLE CAPITAL $ 387,500.00
To record additional investment by the Owners
1/1/20x4 CABOT CAPITAL $ 27,500.00
ABLE CAPITAL $ 27,500.00
CASH $ 55,000.00
to record banker's fee & other issuance cost

12/31/20X4 CASH $ 68,000.00

NET INCOME $ 68,000.00
to recognized income @ end of the year

12/31/20X4 NET INCOME $ 68,000.00

CABOT CAPITAL $ 34,000.00
ABLE CAPITAL $ 34,000.00
reversal of income(loss) divided equally by the shareholders.

20x5
1/1/20X5 CASH $ 475,000.00
Bond Issue Cost $ 25,000.00
BOND PAYABLE $ 500,000.00
Bond Issuance face value of $1000@ 500 bonds

1/1/20X5 NOTES PAYABLE $ 150,000.00

CASH $ 150,000.00
Full Payment of Loan

12/31/20X5 CASH $ 85,000.00

 NET INCOME $ 85,000.00
to recognized income @ end of the year

12/31/20X5 NET INCOME $ 85,000.00

CABOT CAPITAL $ 42,500.00
ABLE CAPITAL $ 42,500.00
reversal of income(loss) divided equally by the shareholders.

20x6
4/1/2016 cash $ 50,000.00
Common Stock $ 5,500.00 ($500 share of stock issued @ 11 per share)
Additional Paid-In capital $ 44,500.00
to record sale of common shares (500@$100)

12/31/20X6 CASH $ 111,000.00

NET INCOME $ 111,000.00
to recognized income @ end of the year

12/31/20X6 NET INCOME $ 111,000.00

CABOT CAPITAL $ 55,500.00
ABLE CAPITAL $ 55,500.00
reversal of income(loss) divided equally by the shareholders.

12/31/20x6 Retained Earnings (100k@$.15 per share) 15,000.00

Dividend Payable $ 15,000.00
Declaration of dividend of $0.15 per share
 INVESTED CAPITAL AS OF DEC. 31, 20X6

Capital Balance, Jan. 2010 $ 300,000.00

add:
Transfer of Ownweship of Baker $ 82,000.00
Investment -1.1.20x4 $ 775,000.00
Net Income, 12.31.11 $ 12,000.00
Net Income, 12.31.12 $ 26,000.00
Net Income, 12.31.13 $ 43,000.00
Net Income, 12.31.14 $ 68,000.00
Net Income, 12.31.15 $ 85,000.00
Net Income, 12.31.16 $ 111,000.00 $ 1,202,000.00
less:
Net Loss, 12.31.10 $ (54,000.00)
Withdrawal-Capital, Baker $ (82,000.00)
Banker's Fee - 1.1.20x4 $ (55,000.00) $ (191,000.00)
TOTAL INVESTED CAPITAL $ 1,311,000.00

20x7
1/31/20x7 Dividend Payable 15,000.00
cash $ 15,000.00
dividend payment of $0.15 per share (20x6 - 100,000 x .15)
3

7/1/20x7 Treasury Stock ( 20,000share @ $10) 200,000.00

Cash 200,000.00
purchase of stock @ open market

12/31/20X7 CASH $ 152,000.00

 NET INCOME $ 152,000.00
to recognized income @ end of the year

12/31/20X7 NET INCOME $ 152,000.00

CABOT CAPITAL $ 76,000.00
ABLE CAPITAL $ 76,000.00
reversal of income(loss) divided equally by the shareholders.

12/31/20x7 Retained Earnings (200@.20) 40,000.00

Dividend Payable $ 40,000.00
Declaration of dividend of $0.20 per share

Earning Per Share-EPS NET INCOME 152,000.00 0.84679666

OUTSTANDING SHARE 179,500.00

20x8
12/31/20x7 Dividend Payable 40,000.00
CASH $ 40,000.00
dividend PAYMENT of $0.20 per share as per 2007

1/1/20X8 CASH 200,000.00

Preferred stock $ 200,000.00 200,000 @.25 per share= 50,00
net income before preferred di
12/31/20X8 CASH $ 136,000.00
NET INCOME $ 136,000.00
to recognized income @ end of the year

12/31/20X8 NET INCOME $ 136,000.00

 CABOT CAPITAL $ 68,000.00
ABLE CAPITAL $ 68,000.00
reversal of income(loss) divided equally by the shareholders.

Earning Per Share-EPS NET INCOME 136,000.00 (186k-50k) 0.75766017

OUTSTANDING SHARE 179,500.00

dilluted earning per share NET INCOME 156,000.00 (136k+20K) (4000shares@$5= 20,000)
179,500.00
inc-preferred stock dividend

20x9
12/31/20x9 Retained Earnings (200k@5%) 10,000.00
Dividend Payable $ 10,000.00
Declaration of dividend of $0.05 per share

Earning Per Share-EPS NET INCOME 232,000.00 1.22105263

OUTSTANDING SHARE 190,000.00

dilluted earning per share NET INCOME 252,000.00

inc-preferred stock dividend

debt ratio

capitalization Ratio

debt/ capital
)
 200,000.00
(15,000.00)
(5,500.00)
179,500.00

200,000 @.25 per share= 50,000.00 - dividend

net income before preferred dividends
res@$5= 20,000)

0.8690807799

#DIV/0!
 T- ACCOUNT

DATE CASH DATE

1/10/20X0 $ 300,000.00
4/1/20X0 $ 100,000.00 $ 54,000.00 12/31/20X0
BALANCE-12/20X0 $ 346,000.00
4/26/20X1 $ 50,000.00
$ 396,000.00
12/31/20X1 $ 12,000.00
BALANCE- 12/20X1 $ 408,000.00
1/1/20X2 $ 10,000.00
3/21/20X2 $ 50,000.00 $ 50,000.00 3/21/20X2
12/31/20X2 $ 26,000.00
BALANCE- 12/20X2 $ 434,000.00
1/1/20X3 $ 100,000.00
12/31/20X3 $ 43,000.00
BALANCE- 12/20X3 $ 577,000.00
$ 55,000.00 1/1/20x4
12/31/20x4 $ 68,000.00
BALANCE- 12/20X4 $ 590,000.00
1/1/20x5 $ 475,000.00 $ 150,000.00 1/1/20X5
12/31/20X5 $ 85,000.00
BALANCE- 12/20X5 $ 1,000,000.00
4/1/20X6 $ 50,000.00
12/31/20X6 $ 111,000.00
BALANCE- 12/20X6 $ 1,161,000.00
$ 40,000.00 1/31/20x7
12/31/20x7 $ 152,000.00
$ 200,000.00 6/1/20x7
12/31/20x8 $ 136,000.00

DATE ABLE CAPITAL DATE

12/31/20X0 $ 18,000.00 $ 100,000.00 1/10/20X0
$ 82,000.00 BALANCE-20X0
$ 41,000.00 10/1/20X1
$ 6,000.00 12/31/20X1
 $ 129,000.00 BALANCE-20X1
$ 13,000.00 12/31/20X2
$ 142,000.00 BALANCE- 12/20X2
$ 21,500.00 12/31/20X3
$ 163,500.00 BALANCE- 12/20X3
$ 387,500.00 1/1/20X4
1/1/20X4 $ 27,500.00
$ 34,000.00 12/31/20x4
$ 557,500.00 BALANCE- 12/20X4
$ 42,500.00 12/31/20X5
$ 600,000.00 BALANCE- 12/20X5
$ 55,500.00 12/31/20X6
$ 655,500.00 BALANCE- 12/20X6
$ 76,000.00 12/31/20X7
$ 731,500.00 12/31/20X7
$ 68,000.00 12/31/20X8

$ 799,500.00

DATE CABOT CAPITAL DATE

12/31/20X0 $ 18,000.00 $ 100,000.00 1/10/20X0
$ 82,000.00 BALANCE-20X0
$ 41,000.00 10/1/20X1
$ 6,000.00 12/31/20X1
$ 129,000.00 BALANCE-20X1
$ 13,000.00 12/31/20X2
$ 142,000.00 BALANCE- 12/20X2
$ 21,500.00 12/31/20X3
$ 163,500.00 BALANCE- 12/20X3
$ 387,500.00 1/1/20X4
1/1/20X4 $ 27,500.00
$ 34,000.00 12/31/20x4
$ 557,500.00 BALANCE- 12/20X4
$ 42,500.00 12/31/20X5
$ 600,000.00 BALANCE- 12/20X5
$ 55,500.00 12/31/20X6
$ 655,500.00 BALANCE- 12/20X6
$ 76,000.00 12/31/20X7
$ 731,500.00 12/31/20X7
$ 68,000.00 12/31/20X8
 $ 799,500.00

DATE INTEREST EXPENSE- BOND DATE

1/1/20X5 $ 25,000.00

$ 25,000.00 $ -

DATE INTEREST -NOTES PAYABLE DATE 8% Quarterly

april-June 2010 $ 100,000.00
july-Sept 2010
Oct-Dec.2010
jan.-march 2011
april-June 2011
july-Sept 2011
Oct-Dec.2011
jan.-march 2012
april-June 2012 $ 150,000.00
july-Sept 2012
Oct-Dec.2012
jan.-march 2013
april-June 2013
 july-Sept 2013
Oct-Dec.2013
jan.-march 2014
april-June 2014
july-Sept 2014
Oct-Dec.2014
jan.-march 2015

$ - $ -
NT

DATE NOTES PAYABLE DATE DATE

$ 100,000.00 4/1/20X0 1/1/20X4
$ 50,000.00 3/21/20X2
1/1/20X5 $ 150,000.00 $ 150,000.00 BALANCE- 12/20X2
$ -

12/31/20X4

DATE BAKER CAPITAL DATE DATE

12/31/20X0 $ 18,000.00 $ 100,000.00 1/10/20X0
10/1/20X1 $ 82,000.00 $ 82,000.00 BALANCE-20X0
$ -
DATE BOND ISSUE COST DATE DATE
1/1//20X5 $ 25,000.00

DATE
DATE INCOME (LOSS) DATE
12/31/20X0 $ 54,000.00 $ 54,000.00 12/31/20X0- closing entry
$ - BALANCE
12/31/20X1-closing entry $ 12,000.00 $ 12,000.00 12/31/20X1
$ - BALANCE
12/31/20X2-closing entry $ 26,000.00 $ 26,000.00 12/31/20X2
$ - BALANCE
12/31/20X3-closing entry $ 21,500.00 $ 21,500.00 12/31/20X3
$ - BALANCE
12/31/20X4-closing entry $ 68,000.00 $ 68,000.00 12/31/20X4
$ - BALANCE
12/31/20X5-closing $ 85,000.00 $ 85,000.00 12/31/20X5
12/31/20X6-closing $ 111,000.00 $ 111,000.00 12/31/20X6
12/31/20X7-closing $ 152,000.00 $ 152,000.00 12/31/20X7 DATE
12/31/20x6
12/31/20x7

$ 529,500.00 $ 529,500.00

$ - BALANCE
DATE
 INVESTMENT DATE
$ 775,000.00

$ 775,000.00

BOND PAYABLE DATE DATE DIVIDENDS PAYABLE

$ 500,000.00 1/1/20X5 1/31/20x7 $ 15,000.00
 $ 18,750.00

COMMON STOCK DATE DATE TREASURY STOCK

$ 100,000.00 1/1/20X3 7/1/20x7 $ 200,000.00
$ 10,000.00 1/1/20X2
$ 5,500.00 4/1/20X6

$ 110,000.00

ADD'L PAID IN CAPITAL DATE

$ 44,500.00 4/1/20X6
 RETAINED EARNINGS DATE
$ 15,000.00
$ 40,000.00
DIVIDENDS PAYABLE DATE
$ 40,000.00 12/31/207
DIVIDENDS PAYABLE DATE
$ 15,000.00 12/31/20X6
$ 40,000.00 12/31/20x7
TREASURY STOCK DATE

$ (200,000.00)