.

Justina ButlerMr. Yeager

Pd. 5a

New Franchised Business

COACH & GUESS

• Were newly franchised• Collaboration of Guess and Coach

• Have plenty option

• SO COME ON DOWN!!!!!

Coach and Guess Franchise

.

Examples of shoes

We have all styles

. Across the street from the famous “NeverLand Ranch” .

Location!!!!

RIP MICHAEL JACKSON

.

Mon–Fri 11am-9pm

Saturday-11am- 9pm

Sunday 11 am– 6pm

 

STORE HOURS

.

So enjoy em’

.ADVERTISEMENT

.Page Journal Page  

Date Account Title Doc. No Post Ref.

General Accounts Receivable Sales Sales Tax Accounts Payable Purchases Cash

Debit Credit Debit Credit Credit Credit Debit Credit Debit Debit Credit

Mar 1Sjlissa Butler, Capital R1   25,000.00               25,000.00  

  3Justina Butler, capital R1   25,000.00               25,000.00  

  4A/P Coach shoe supplier P21               12,000.00 12,000.00    

  7A/R DSW Shoes S2     7,500.00               7,500.00

  9 

T1 

        525.00 36.75       561.75  

  9A/P Coach shoe supplier P22               11,500.00       11,500.00

  13Sjlissa Butler, Drawing C25   500.00                   500.00

  16Sjlissa Butler, Drawing M34   625.00                    

    purchases C26     625.00                  

  18Justina Butler, Drawing M35   800.00                    

    purchases       800.00                  

  20A/P Guess Shoes P23               500.00       500.00

  23A/R Bakers S3     200.00 200.00                

  26insurance exp C27   59.00                   59.00

  26rent expense C28   62.00                   62.00

  26supplies expense C29   22.00                   22.00

  27A/R Bakers S4 

  350.00 350.00                

  27 

T2           625.00 43.75       668.75  

  27misc expense C30   78.00                   78.00

  28Justina Butler, Drawing C31   200.00                   200.00

  29supplies C32   92.00                   184.25

    miscellaneous expense     35.00                    

    repairs     42.00                    

    advertising     15.25                    

  30A/P Coach shoe supplier P24                 6,000.00 6,000.00    

  31A/R DSW Shoes S5       73.00               73.00

                               

  31totals     2,530.25 51,975.00 8,123.00 - 1,150.00 80.50 12,000.00 18,000.00 18,000.00 51,230.50 20,678.25

                               

                               

                               

                               

                               

Journal page

. Chart Of Accounts400 (income statement account)

410 income statement

500 (cost of merchandise)

510 Purchases

600 (Operating Expense)

610 advertising expense

620 insurance expense

630 miscellaneous expense

640 rent expense

650 repair expense

660 supplies expense

SUBSIDARY LEDGERS

Account Receivable ledger

110 BAKERS

120 DSW shoes

Account Payable Ledger

110 Coach shoe suppliers

120 Guess shoes

100(assets)110 Cash120 Petty Cash130 Accounts Receivable140 Supplies150 Prepaid Insurance200(liabilities)

210 Accounts Payable220 Sale tax payable300(Owner’s Equity)

310 Justina Butler, capital320 Justina Butler, drawing330 Sjlissa Butler, capital340 Sjlissa Butler, capital

.Prove for the Debits & Credits

Col. # Column Title Debit Totals Credit Totals

1 General Debit 2,530.25

2 General Credit $51,970.00

3 Accounts Receiable Debit $8,123.00 $0.00

4 Accounts Receivable Credit

5 Sales Credit $1,150.00

6 Sales Tax Payable Credit $80.50

7 Account Payable Debit $12,000.00

8 Accounts Payable Credit $18,000.00

9 Purchases Debit $18,000.00

10 Cash Debit $51,230.50

11 Cash Credit $20,678.25

Totals $91,883.75 $91,878.75

End of Month Cash Proof

Cash on hand at the beginning of the month ……….. $50,000.00

Plus total cash received during the month ……..……. $51,230.50

Equals total …………………………………………….. $101,230.50

Less total cash paid during the month …..…………… $20,678.25

Equals cash balance on hand at end of the month .... $80,552.25

Checkbook balance on the next unused check stub … $80,552.25

PROVE AND C&D & CASH