| | | | BioGoods |
| | | | General Journal |
| | | | As Of 02/28/22 |
| Date | Refer. | Acct. | Title | Debit | Credit |
| 1-Jan | | 1000 | Cash | 500,000.00 |
| 1-Jan | | 3000 | Common Stock | | 500,000.00 |
| 1-Jan | | 1000 | Cash | 2,940,000.00 |
| 1-Jan | | 5014 | GoFundMe Expense | 60,000.00 |
| 1-Jan | | 2045 | GFM Unearned Sales | | 800,000.00 |
| 1-Jan | | 3001 | GoFundMe | | 2,200,000.00 |
| 1-Jan | | 1060 | Prepaid Deposit- Rental | 18,750.00 |
| 1-Jan | | 1000 | Cash | | 18,750.00 |
| 1-Jan | | 5015 | Rent Expense | 6,250.00 |
| 1-Jan | | 1000 | Cash | | 6,250.00 |
| 1-Jan | | 1061 | Equipment- Stamping Press | 125,000.00 |
| 1-Jan | | 1000 | Cash | | 17,000.00 |
| 1-Jan | | 2001 | AP- Stamping Press | | 108,000.00 |
| 1-Jan | | 1063 | Equipment- Mulch Machine | 110,000.00 |
| 1-Jan | | 1000 | Cash | | 14,000.00 |
| 1-Jan | | 2002 | AP- Mulch Machine | | 96,000.00 |
| 1-Jan | | 1052 | Raw Bamboo Inventory | 16,000.00 |
| 1-Jan | | 2000 | AP- Bamboo Inc. | | 16,000.00 |
| 1-Jan | | 1005 | Petty Cash | 5,000.00 |
| 1-Jan | | 1000 | Cash | | 5,000.00 |
| 1-Jan | | 1065 | Prepaid Insurance | 24,000.00 |
| 1-Jan | | 1000 | Cash | | 24,000.00 |
| 3-Jan | | 1030 | Work in Process | 15,996.00 |
| 3-Jan | | 1052 | Raw Bamboo Inventory | | 15,996.00 |
| 3-Jan | | 1020 | Supplies | 1,000.00 |
| 3-Jan | | 1000 | Cash | | 1,000.00 |
| 5-Jan | | 5017 | Website Expense | 50 |
| 5-Jan | | 1000 | Cash | | 50 |
| 28-Jan | | 1052 | Raw Bamboo Inventory | 32,000.00 |
| 28-Jan | | 2000 | AP- Bamboo Inc. | | 32,000.00 |
| 28-Jan | | 1030 | Work in Process | 10,734.00 |
| 28-Jan | | 2020 | Salaries Payable | | 8,334.00 |
| 28-Jan | | 2021 | Wages Payable | | 2,400.00 |
| 28-Jan | | 5001 | Factory Overhead | 12,179.83 |
| 28-Jan | | 1020 | Supplies | | 200 |
| 28-Jan | | 2020 | Salaries Payable | | 8,334.00 |
| 28-Jan | | 1062 | AD- Stamping Press | | 1,666.66 |
| 28-Jan | | 1064 | AD- Mulch Machine | | 1,979.17 |
| 28-Jan | | 1030 | Work in Process | 12,096.00 |
| 28-Jan | | 5001 | Factory Overhead | | 12,096.00 |
| 28-Jan | | 1050 | Finished Inventory-Plates | 23,466.26 |
| 28-Jan | | 1051 | Finished Inventory- Cups | 15,359.74 |
| 28-Jan | | 1030 | Work in Process | | 38,826.00 |
| 28-Jan | | 1000 | Cash | 16,414.00 |
| 28-Jan | | 4000 | Sales- Plates | | 7,392.00 |
| 28-Jan | | 4001 | Sales- Cups | | 6,282.00 |
| 28-Jan | | 4005 | S&H Fees | | 2,740.00 |
| 28-Jan | | 5018 | Shipping Expense | 1,370.00 |
| 28-Jan | | 4005 | S&H Fees | | 1,370.00 |
| 28-Jan | | 2045 | GFM Unearned Sales | 62,840.00 |
| 28-Jan | | 4000 | Sales- Plates | | 34,562.00 |
| 28-Jan | | 4001 | Sales- Cups | | 28,278.00 |
| 28-Jan | | 5018 | Shipping Expense | 6,284.00 |
| 28-Jan | | 1000 | Cash | | 6,284.00 |
| 28-Jan | | 1030 | Work in Process | 30,958.93 |
| 28-Jan | | 1052 | Raw Bamboo Inventory | | 30,958.93 |
| 28-Jan | | 5000 | Cost of Goods Sold | 34,132.75 |
| 28-Jan | | 1050 | Finished Inventory-Plates | | 18,773.01 |
| 28-Jan | | 1051 | Finished Inventory- Cups | | 15,359.74 |
| 31-Jan | | 2001 | AP- Stamping Press | 4,500.00 |
| 31-Jan | | 5019 | Interest Expense | 1,080.00 |
| 31-Jan | | 1000 | Cash | | 5,580.00 |
| 31-Jan | | 2002 | AP- Mulch Machine | 4,000.00 |
| 31-Jan | | 5019 | Interest Expense | 960 |
| 31-Jan | | 1000 | Cash | | 4,960.00 |
| 31-Jan | | 2020 | Salaries Payable | 16,668.00 |
| 31-Jan | | 2021 | Wages Payable | 2,400.00 |
| 31-Jan | | 2010 | SS Tax Payable | | 1,144.00 |
| 31-Jan | | 2011 | Medicare Tax Payable | | 286 |
| 31-Jan | | 2012 | Employee IT Payable | | 3,528.00 |
| 31-Jan | | 1000 | Cash | | 14,110.00 |
| 31-Jan | | 5050 | Payroll Tax Expense | 2,574.00 |
| 31-Jan | | 2010 | SS Tax Payable | | 1,144.00 |
| 31-Jan | | 2011 | Medicare Tax Payable | | 286 |
| 31-Jan | | 2013 | State Unemploy Tax Payabl | | 1,030.00 |
| 31-Jan | | 2014 | Federal Unemploy Tax Pay | | 114 |
| 31-Jan | | 2000 | AP- Bamboo Inc. | 16,000.00 |
| 31-Jan | | 1000 | Cash | | 16,000.00 |
| 1-Feb | | 5015 | Rent Expense | 6,250.00 |
| 1-Feb | | 1000 | Cash | | 6,250.00 |
| 1-Feb | | 1061 | Equipment- Stamping Press | 125,000.00 |
| 1-Feb | | 1000 | Cash | | 125,000.00 |
| 5-Feb | | 5017 | Website Expense | 50 |
| 5-Feb | | 1000 | Cash | | 50 |
| 25-Feb | | 1030 | Work in Process | 11,367.00 |
| 25-Feb | | 2020 | Salaries Payable | | 4,167.00 |
| 25-Feb | | 2021 | Wages Payable | | 7,200.00 |
| 25-Feb | | 5001 | Factory Overhead | 18,113.49 |
| 25-Feb | | 1020 | Supplies | | 300 |
| 25-Feb | | 2020 | Salaries Payable | | 12,501.00 |
| 25-Feb | | 1062 | AD- Stamping Press | | 3,333.32 |
| 25-Feb | | 1064 | AD- Mulch Machine | | 1,979.17 |
| 25-Feb | | 1030 | Work in Process | 18,144.00 |
| 25-Feb | | 5001 | Factory Overhead | | 18,144.00 |
| 25-Feb | | 1050 | Finished Inventory-Plates | 31,716.01 |
| 25-Feb | | 1051 | Finished Inventory- Cups | 28,753.92 |
| 25-Feb | | 1030 | Work in Process | | 60,469.93 |
| 25-Feb | | 1000 | Cash | 19,266.00 |
| 25-Feb | | 4000 | Sales- Plates | | 8,558.00 |
| 25-Feb | | 4001 | Sales- Cups | | 7,488.00 |
| 25-Feb | | 4005 | S&H Fees | | 3,220.00 |
| 25-Feb | | 5018 | Shipping Expense | 1,610.00 |
| 25-Feb | | 4005 | S&H Fees | | 1,610.00 |
| 28-Feb | | 2045 | GFM Unearned Sales | 158,840.00 |
| 28-Feb | | 4000 | Sales- Plates | | 87,362.00 |
| 28-Feb | | 4001 | Sales- Cups | | 71,478.00 |
| 28-Feb | | 5018 | Shipping Expense | 15,884.00 |
| 28-Feb | | 1000 | Cash | | 15,884.00 |
| 25-Feb | | 5000 | Cost of Goods Sold | 63,906.01 |
| 25-Feb | | 1050 | Finished Inventory-Plates | | 36,409.26 |
| 25-Feb | | 1051 | Finished Inventory- Cups | | 27,496.75 |
| 28-Feb | | 2001 | AP- Stamping Press | 4,500.00 |
| 28-Feb | | 5019 | Interest Expense | 1,035.00 |
| 28-Feb | | 1000 | Cash | | 5,535.00 |
| 28-Feb | | 2002 | AP- Mulch Machine | 4,000.00 |
| 28-Feb | | 5019 | Interest Expense | 920 |
| 28-Feb | | 1000 | Cash | | 4,920.00 |
| 28-Feb | | 2000 | AP- Bamboo Inc. | 32,000.00 |
| 28-Feb | | 1000 | Cash | | 32,000.00 |
| 28-Feb | | 2020 | Salaries Payable | 16,668.00 |
| 28-Feb | | 2021 | Wages Payable | 7,200.00 |
| 28-Feb | | 2010 | Social Security Tax Payable | | 1,432.00 |
| 28-Feb | | 2011 | Medicare Tax Payable | | 358 |
| 28-Feb | | 2012 | Employee Income Tax Payable | | 4,416.00 |
| 28-Feb | | 1000 | Cash | | 17,662.00 |
| 28-Feb | | 5050 | Payroll Tax Expense | 2,902.00 |
| 28-Feb | | 2010 | SS Tax Payable | | 1,432.00 |
| 28-Feb | | 2011 | Medicare Tax Payable | | 358 |
| 28-Feb | | 2013 | State Unemployment Tax Payable | | 1,001.00 |
| 28-Feb | | 2014 | Federal Unemployment Tax Payable | | 111 |
| | | | Adjusting Entries |
| 28-Feb | | 5030 | Insurance Expense | 4,000.00 |
| 28-Feb | | 1065 | Prepaid Insurance | | 4,000.00 |
| 28-Feb | | 5000 | Cost of Goods Sold | 53.32 |
| 28-Feb | | 5001 | Factory Overhead | | 53.32 |
| | | | Closing Entries |
| 28-Feb | | 4000 | Sales- Plates | 137,874.00 |
| 28-Feb | | 4001 | Sales- Cups | 113,526.00 |
| 28-Feb | | 4005 | S&H Fees | 8,940.00 |
| 28-Feb | | 3145 | Income Summary | | 260,340.00 |
| 28-Feb | | 3145 | Income Summary | 209,311.08 |
| 28-Feb | | 5014 | GoFundMe Expense | | 60,000.00 |
| 28-Feb | | 5015 | Rent Expense | | 12,500.00 |
| 28-Feb | | 5017 | Website Expense | | 100 |
| 28-Feb | | 5018 | Shipping Expense | | 25,148.00 |
| 28-Feb | | 5019 | Interest Expense | | 3,995.00 |
| 28-Feb | | 5030 | Insurance Expense | | 4,000.00 |
| 28-Feb | | 5050 | Payroll Tax Expense | | 5,476.00 |
| 28-Feb | | 5000 | Cost of Goods Sold | | 98,092.08 |
| 28-Feb | | 3145 | Income Summary | 51,028.92 |
| 28-Feb | | 3100 | Retained Earnings | | 51,028.92 |
| | | | | -------------- | -------------- |
| | | | Totals | 5,220,922.26 | 5,220,922.26 |
| | | | | ============== | ============== |
JournalEntries.xlsx
