BBA2201 Unit 4
WilSte78
Unit3Excel.xlsxGeneral
| Cookie Creations General Entries for the month ended 30 November 2019 | |||
| No. | Particulars | Debit | Credit |
| 1 | Cost of Goods Sold | 35 | |
| Supplies | 35 | ||
| 2 | Depreciation | 20 | |
| Equipment | 20 | ||
| 3 | Interest Expense | 60 | |
| Interest Payable | 60 | ||
| 4 | Notes Payable | 41.66 | |
| Cash | 41.66 | ||
| 5 | Income Receivable | 300 | |
| Service Revenue | 300 | ||
| 6 | Utility Expense | 45 | |
| Utility Bill Payable | 45 | ||
| 501.66 | 501.66 | ||
Adjusted trial
| Cookie Creations Adjusted trial balance for the month ended November 30, 2019 | ||
| Particulars | Debit | Credit |
| Cash | $ 203.34 | |
| Supplies | $ 90.00 | |
| Prepaid Insurance | $ 1,320.00 | |
| Equipment | $ 1,180.00 | |
| Unearned service revenue | $ 30.00 | |
| Notes Payable | $ 1,958.34 | |
| Owner's Capital | $ 800.00 | |
| Service Revenue | $ 425.00 | |
| Advertising Expense | $ 65.00 | |
| Cost of goods sold | $ 35.00 | |
| Depreciation | $ 20.00 | |
| Interest Expense | $ 60.00 | |
| Interest Payable | $ 60.00 | |
| Income Receivable | $ 300.00 | |
| Utility Expense | $ 45.00 | |
| Utility Bill Payable | $ 45.00 | |
| $ 3,318.34 | $ 3,318.34 | |
Profit
| Cookie Creations Profit for the month of November 2019 | ||
| Revenue | $ 425.00 | |
| Less: Cost of Goods Sold | $ 35.00 | |
| Gross Profit | $ 390.00 | |
| Operating Expenses | ||
| Advertising Expense | $ 65.00 | |
| Deprecation | $ 20.00 | |
| Interest Expense | $ 60.00 | |
| Utility Expense | $ 45.00 | $ 190.00 |
| $ 200.00 | ||
