Sheet1DateAccounts TitleDebitCredit2010CashFurnitures and FixturesINCOME1-JanCash200,000DateDebitCreditDateDateDebitCreditDateSales13,200Accounts Receivable20,000201010-Jan2,500Supplies1,0001-Jan200,00010,000.002-JanEXPENSESTorvald's Capital221,00019-Jan10,200400.004-JanUtilities1702Prepaid Rent10,00030-Jan3,0003,000.0017-JanAccounts PayableMiscellaneous500Cash10,000200.0022-JanDateDebitCreditDateDelivery2004Supplies400.00150.0025-Jan2,500.0010-JanSalaries3,900Cash400.00170.0027-JanRent2,00010Furnitures and Fixtures2,50080.0028-JanInsurance6.25Accounts Payable2,5001,000.00Salaries PayableInsurance - Automobile6.6717Salaries Expense3,000500.0029-JanDateDebitCreditDateSupplies1,100Cash3,000213,200.015,500.00900.0030-JanTOTAL7882.9213,20019Cash10,200Sales10,200Balance197,700NET INCOME5317.0822Delivery Expense200Tonvalds CapitalCash200DateDebitCreditDate25Prepaid Insurance150Accounts Receivable221,000.001-JanCash150DateDebitCreditDate27Utilities Expense1701-Jan20,000Cash170SalesLinus Torvalds Coffe Shop28Prepaid Automobile Insurance80Prepaid RentDateDebitCreditDateStatement of Changes in EquityCash80DateDebitCreditDate10,20019-Janfor the Month ended Jan. 30, 2010Supplies7,0002-Jan10,0002,000.0030-Jan3,00030-JanCash7,000Balance13,200Torvalds, Owner's Equity, 1,1,2010221,000.0029Miscellaneous Expense500Balance AfterAdd: Profit5317.085317.08Cash500Adjustment8,000.00Torvalds, Owner's Equity, 1,30,2010226,317.0830Cash3,000Utilities ExpenseSales3,000DateDebitCreditDatePrepaid Insurance27-Jan170DateDebitCreditDateASSETS27-Jan1506.2530-JanCurrent AssetsMiscellaneous ExpenseCash191,700Balance AfterDateDebitCreditDateAccounts Receivable20,000Adjustment143.7529-Jan500Prepaid Rent8,000Prepaid Insurance143.75Prepaid Automobile Insurance73.33Prepaid Automobile InsuranceDelivery ExpenseSupplies7,300DateDebitCreditDateDateDebitCreditDateTotal Current Assets227,21728-Jan806.6730-Jan22-Jan200Balance AfterProperty and EquipmentAdjustment73.33Salaries ExpenseFurnitures and Fixtures2,5002,500DateDebitCreditDateTotal Assets[$PHP] 229,717.0817-Jan3,000Supplies30-Jan900DateDebitCreditDate1-Jan1,0001,10030-JanBalance AfterLIABILITIES4-Jan400Adjustment3,900Current Liabilities28-Jan7,000Accounts Payable2,5008,400Salaries Payable900Rent ExpenseTotal Current Liabilities3,400Balance AfterDateDebitCreditDateAdjustment7,300.00Jan-122,000OWNER'S EQUITYTorvalds, Capital 1/30/2010226,317.08Insurance Expense - GeneralTotal Liabilities and Owners Equity[$PHP] 229,717.08Supplies ExpenseDateDebitCreditDateDateDebitCreditDate30-Jan6.2530-Jan1,100Insurance Expense - AutomobileDateDebitCreditDate30-Jan6.67

Sheet2Trial BalanceAdjustmentsAdjusted Trial BalanceIncome StatementBalance SheetDRCRDRCRDRCRDRCRDRCRCash191,700191,700191,700Accounts Receivable20,00020,00020,000Prepaid Rent10,0002,0008,0008,000Prepaid Insurance1506.25144144Prepaid Automobile Ins.80.006.6773.3373.33Supplies8,4001,1007,3007,300.0Furnitures & Fixtures2,5002,5002,500Accounts Payable2,5002,5002,500Salaries Payable900900900.0Torvalds Capital221,000221,000221,000Sales13,20013,20013,200Utilities Expense170170170Miscellaneous Expense500500500Delivery Expense200200200Salaries Expense3,0009003,9003,900Rent Expense2,0002,0002,000Insurance Ex. General6.256.256.25Insurance Ex. Automobile6.676.676.67Supplies Expense1,1001,1001,100236,7002367004012.924,012.92237,600237,600.007882.9213200229,717224,400.005,317.085,317.0813,20013200229,717229,717.08

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