Professional Documents
Culture Documents
Tk
ASSETS
Current Assets Cash A/R Supplies
886,168 851,750 37,260 1,775,180 2,000,000 88,640 1,776 280,000 27,996 5,917,000 591,700
7,439,348
934,432
Long-term liabilities
Bonds Payable Loan** Shareholders Equity Capital Additional paid in capital Share Capital ( 20,000 shares issued at Tk.20 par ) Net Loss 285,000 3,500,000 3,785,000 10,000,000 140,000 400,000 855,479
Date
Title
Dr ( Tk.)
Cr (Tk.)
Jan 1 , 2008 Jan 1, 2008 Jan 1,2008 Jan 1, 2008 Jan 1,2008 Jan 1, 2008 Jan 8, 2008 Jan 16, 2008 Jan 27, 2008 Jan 31,2008
Cash Capital Marketing Department Cash Land Cash Land & Site Development Cash Rent Prepaid Cash Furniture and Fixtures A/P Cash Plant and Machinery Cash Office Supplies Cash Plant and Machinery Cash A/P Depreciation expense: Furniture& Fixture Acc. Depreciation: Furniture & fixture
10,000,000 10,000,000 375,000 375,000 2,000,000 2,000,000 88,640 88,640 250,000 250,000 280,000 196,000 84,000 1,775,950 1,775,950 17500 17500 2,365,100 2,128,590 236,510 2333 2333
Jan 31,2008
Depreciation expense: Land & site development Acc. Depreciation: Land & site development Depreciation Expense: Plant and machinery Accumulated Depreciation: Plant and Machinery Plant and Machinery Cash Depreciation Expense: Plant and machinery Accumulated
148
Jan 31,2008
Depreciation: Plant and Feb 28, 2008 Machinery Depreciation expense: Furniture& Fixture Acc. Depreciation: Furniture & fixture Feb 28, 2008 Depreciation expense: Land & site development Acc. Depreciation: Land & site development Depreciation Expense: Plant and machinery Accumulated Depreciation: Plant and Mar 31, 2008 Mar 31,2008 Mar 31, 2008 Machinery Salaries Cash Utilities expense Cash Depreciation expense: Furniture& Fixture Acc. Depreciation: Furniture & fixture Mar 31,2008 Depreciation expense: Land & site development Acc. Depreciation: Land & site development Depreciation Expense: Plant and machinery Accumulated Depreciation: Plant and Machinery 148 475,000 148 2333
49,308
2333
148 49,308
49,308
June 30,2008
June 30,2008
6,999
6,999 29260 29260 475,000 475,000 444 444 81,000 81,000 67,500 67,500 472,500 202,500
Utilities expense A/P Salaries Cash Depreciation expense: Land & site development Acc. Depreciation: Land & site development Supplies Cash Supplies expense Supplies Cash A/R Sales Cash Discount on B/P Bonds Payable Cash A/R Utilities expense Cash Depreciation Expense: Plant and machinery Accumulated Depreciation: Plant and Machinery Depreciation expense: Furniture& Fixture Acc. Depreciation: Furniture & fixture
675,000 257,858 42,142 300,000 100,000 100,000 31480 31480 147,924 147,924 6,999
July 1,2008
July 8,2008
Sep 30,2008
6,999
Salaries Cash Depreciation expense: Land & site development Acc. Depreciation: Land & site development
475,000 475,000 444 444 400,000 140,000 110,700 110,700 93,150 93,150 749,250 749,250 6,999
Cash Additional paid in capital Common stock Supplies Cash Supplies expense Supplies A/R Sales Depreciation expense: Furniture& Fixture Acc. Depreciation: Furniture & fixture
540,000
6,999 444 444 18,050 18,050 420,000 420,000 34612 34612 250,000 250,000 147,924 147,924
Dec 31,2008
Depreciation expense: Land & site development Acc. Depreciation: Land & site development Bond Interest expenses Bond Interest payable Interest on Loan Cash Utilities expense A/P Rent expenses Prepaid Rent Depreciation Expense: Plant and machinery Accumulated Depreciation: Plant and Machinery
Dec 31,2008
Salaries Cash
Supplies Cash Supplies expense Supplies Cash Sales
475,000 475,000
136,620 136,620 130,410 130,410 931,500 931,500
Cr (Tk)
Depreciation: Plant & machinery Accumulated Depreciation: Plant & machinery Depreciation: Furniture & Fixtures Acc. Depreciation : Furniture & fixtures Depreciation : Land & site development Acc. Depreciation: Land & Site development Land
Sales Bonds Payable Salaries Discount on B/P Utilities expense Supplies Supplies expense Transport expense Interest on loan Interest expense Rent Expense Consultant fees Misc. expense Loan Total: 1,425,000 42,142 98,052 37,260 291,060 119,865 420,000 18,050 250,000 19,610 25,000 13,800,604
2,382,750 300,000
3,500,000** 13,800,604
Stock issuance: The company has high growth for this quarter (20%) (+ other reasons ratios) therefore the company has decided to issue 20,000 common stock. Since the company hasnt broken even, it will not pay any dividend this year. The demand for share is based on the high growth ratio.