Hiro list of accounts

List of Accounts
Cash 101
Accounts receivable 102
Inventory 103
Equipment 104
Supplies 105
Prepaid insurance 107
depreciation 108
Food Revenue 201
Beverage Revenue 202
Food Expense 203
Beverage Expense 204
Fixed Labor Expense 205
Variable Labor Expense 206
Utility Expense 207
Maketing Expense 208
Rent Expense 209
Accounts Payable 301
Notes Payable 302
Long Term Debt 303
Dividends 401
Retained Earnings 402
Owners Capital 403
Date Account Number Amount Debited Account Number Amount Credited
1-Feb 101 5000000 403 5000000
5-Feb 208 10000 101 10000
7-Feb 209 1050 101 1050
7-Feb 107 3100 101 3100
7-Feb 210 400 101 400
10-Feb 210 1000 101 1000
12-Feb 208 350 101 350
13-Feb 208 500 101 500
13-Feb 211 250 101 250
14-Feb 208 650 101 650
14-Feb 208 700 101 700
15-Feb 208 161.11 101 161.11
23-Feb 211 400 101 400
21-Feb 101 1100 201 1100
23-Feb 102 2300 201 2300
23-Feb 103 400 101 400
25-Feb 206 50 101 50
25-Feb 101 650 201 650
25-Feb 211 50 101 50
Feb-31 101 300 102 300
Feb-31 301 200 101 200
Feb-31 302 80 101 80
Feb-30 210 258 107 258
Date Cash 101 Date Accounts receivable 102
1-Feb $ 5,000,000.00 23-Feb 2500
3-Feb Feb-31 300
5-Feb $ 10,000.00 Total 2000
7-Feb $ 1,000.00
7-Feb $ 3,000.00
7-Feb $ 400.00
total $ 4,400.00
10-Feb $ 1,000.00
12-Feb $ 400.00
13-Feb $ 500.00 Date Food Revenue 201
13-Feb $ 200.00 21-Feb 1100
14-Feb $ 600.00 23-Feb 2300
14-Feb $ 700.00 25-Feb 650
total $ 1,300.00 Total 4050
15-Feb $ 160.00
20-Feb $ 400.00
21-Feb $ 1,100.00 Date Maketing Expense 208
23-Feb 400 5-Feb 10000
25-Feb 50 12-Feb 350
25-Feb $ 650.00 13-Feb 500
total 600 14-Feb 650
Feb-31 300 14-Feb 700
Feb-31 200 Total 12200
Feb-31 80 Date Owners Capital 403
total 20 1-Feb $ 5,000,000.00
Total $ 5,000,000.00
$ 5,002,050.00 $ 17,630.00
Total $ 4,984,420.00
Date Inventory 103 Date Equipment 104 Date Supplies 105
20-Feb 400
23-Feb 800
25-Feb 200
Feb-30 1200
Total 200

Date Beverage Revenue 202 Date Food Expense 203 Date Beverage Expense 204
Feb-30 1200
Total 1200

Date Rent Expense 209 Date Accounts Payable 301 Date Notes Payable 302
7-Feb 1100 20-Feb 400 20-Feb
Total 1010 23-Feb 800 23-Feb
25-Feb 200 25-Feb
Feb-31 200 Feb-31 80
Total 1200 Total

Date Administrative Expense 210

7-Feb 400
10-Feb 1000
Total 1400
Supplies 105 Date Prepaid insurance 107 Date depreciation 108
7-Feb 3100 Feb-31 1083.34
Feb-30 258
Total 2842

Beverage Expense 204 Date Fixed Labor Expense 205 Date insurance Expense 210
1-Feb 258

Notes Payable 302 Date Long Term Debt 303 Date Lot Space Expense 211
200 13-Feb 250
200 23-Feb 400
80 25-Feb 50
Total 700
400
Date Variable Labor Expense 206
21-Feb 200
23-Feb 200
25-Feb 80
Total 480

Date Dividends 401

ation 108
65000
5
60
1083.333

Date Utility Expense207

Date Retained Earnings 402

 Debit Credit
Revenue
Food Revenue $140,000
Total Revenue $120,000 DEVIA INCOME STATEMENT
Expenses Average check
Food Cost $ 39,600.00 33% Number of guest p/d
Beverage cost $ 32,400.00 27% days of operations
Shop Rent $5,000 Revenue
Labor cost $ 33,600.00 28%
Insurance Expense $2,500
License Expense $1,500
Marketing Expense $3,000
Total Expenses $ 117,600.00
Operating Income $ 2,400.00
Interest
Taxes 7% $ 168.00
Profit/Loss $ 2,232.00
INCOME STATEMENT
$14
65
31
$28,210
Assets Liabilities
Cash $7,000,000 Accounts Payable
Accounts receivable $500,000 Notes Payable
Inventory $5,000,000 Long Term Debt
Equipment $1,000,000
Supplies $400,000
Lifestock $3,000,000
Prepaid insurance $150,000
Equity
Dividends
Retained Earnings
Owners Capital
Total $ 17,050,000.00 Total
 $2,000,000
$3,000,000
$5,000,000

$4,984.40
$6,795,927
$ 16,800,911.00
Financial ratios:

Hotel revpar: Rooms revenue/ rooms available

Revpar: $400,000/ 426
Revpar: $ 938.97

Compay's quick ratio: assets- inventory/ liabilities

$12,050,000
$1.33

current ratio: assets/ liabilities

$17,050,000
$ 1.89

debt ratio: liabilities/ assets

$9,000,000/ 17,050,000
$ 0.53

gross margin ratio: gross profit/ net sales

$2400/ $124,000
$ 0.04
ry/ liabilities
9,000,000.00

$9,000,000

050,000