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Maria Hernandez and Associates

31 Aug 2004

Ledger as on 31 Aug 2004


S.No.
Description
1 Initial Investment
2 Father's Loan
3 security deposit
4 Rent Expense
5 Computer Equipment and Software
6 Office Supplies
7 Revenues
8 Office Supplies Expensed
9 Office Supplies
10 Rent Advance
11 utility, repair, and wages
12 equipment and software
13 Interest payable
14 Depreciation
Sum as on 31 Aug

Cash
Rent Advance Equipment
Office Supplies Accounts Receivable Total Assets Father's Loan Accounts Payable Paid-in Capital Retained Earnings Total Liabilities and Equity
30,000
30,000
30,000
30,000
20,000
20,000
20,000
20,000
(3,000)
3,000
0
0
(6,000)
(6,000)
(6,000)
(6,000)
(27,000)
27,000
0
0
(5,000)
5,000
0
0
40,000
7,000
47,000
47,000
47,000
(1,700)
(1,700)
(1,700)
(1,700)
(900)
900
0
0
(3,000)
3,000
0
0
(33,000)
(33,000)
(33,000)
(33,000)
(5,500)
11,000
5,500
5,500
5,500
0
200
(200)
0
(1,500)
(1,500)
(1,500)
(1,500)
6,600

6,000

36,500

Balance Sheet as on 31 Aug 2004


Assets
Cash
6,600
Rent Advance
6,000
Equipment
36,500
Office Supplies
4,200
Accounts Receivable
7,000
60,300

Profit and Loss Statement for the month of Aug 2004


Revenues
47,000

Costs
Rent Expense
Office supplies expensed
utility repair and wages
EBITDA
Interest
Depreceation
Net Operating Profit

(6,000)
(1,700)
(33,000)
6,300
(200)
(1,500)
4,600

4,200

7,000

Father's Loan
Accounts Payable
Paid-in capital
Retained Earnings

60,300

20,000

Liabilities
20,000
5,700
30,000
4,600

60,300

5,700

30,000

4,600

60,300

MoneyCare Company
Aug 20xx

Ledger as on 31 Aug 20xx


S.No.
Description
Cash
1 Initial Investment
2 Friend Loan
3 Security
4 Revenue
5 Computer Rental
6 Database Fee
7 Office Rent
8 wages
9 Revenue
10 Advance revenue
11 Office Supplies
12 Interest Income
Total

Security
100,000
20,000
(70,000)

Accounts Receivable Supplies

70,000
70,800

(12,000)
(11,000)
(5,000)
(14,000)
8,700
24,400
(1,800)
460
39,760

70,000

70,800

Total Assets Friend Loan Advance Revenue Paid-in Capital Retained Earnings Total Liablity and Equity
100,000
100,000
100,000
20,000
20,000
20,000
0
0
70,800
70,800
70,800
(12,000)
(12,000)
(12,000)
(11,000)
(11,000)
(11,000)
(5,000)
(5,000)
(5,000)
(14,000)
(14,000)
(14,000)
8,700
8,700
8,700
24,400
24,400
24,400
1,800
0
0
460
460
460
1,800

182,360

Balance Sheet as on 31 Aug 20xx


Assets
Current Assets

Liabilities
Current Liabilities

Cash
Security
Account Receivable
Supplies

39,760
70,000
70,800
1,800

Fixed Assets

Advance revenue

Long Term Liablities


Friend Loan
-

Total

Owner's Equity
182,360 Liability and equity

Profit and Loss Statement for the month of Aug 20xx


Revenues
79,960
Costs
Computer Rental
Database Fee
Office rent
Wages
EBIDTA

24,400

(12,000)
(11,000)
(5,000)
(14,000)
37,960

20,000
137,960
182,360

20,000

24,400

100,000

37,960

182,360

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