Love-vandera Laundry StationCash Receipts JournalFor the month Ended April 30, 2012

DR

Date Received fromOfficial Receipt Other Accounts

No. Amount Account title Debit Credit

TOTAL - - -

Love-vandera Laundry StationCash Disbursement JournalFor the month ended April 30,2012

CR DR DR DR DR DR DR DR DR DR DR DR 9

Date Paid to ExplanationCheck Voucher Laundry Supply Misc. Office S. Payroll Prepaid Rent R&M Salaries Taxes Utilities Other Accounts

No. Amount Exp. Exp. Exp. Taxes Exp. Exp. Licenses Exp. Account title Dr 9

Total - - - - - - - - - - - - - -

Accounts Payable

Advertising. Exp.

Love-vandera Laundry StationGeneral JournalFor the Month Ended April 30,2012

Date Particulars PR Debit Credit

Love-vandera Laundry Station

Worksheet For the Month Ended April 30,2012

Account Title Beg. Balance Cash Receipts Journal Cash Disb. Journal General Journal Transactions Trial Balance Adjustments Adjusted TB Income Statement Balance Sheet

Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.

Cash 20,000.00 - - - - 20,000.00 20,000.00 20,000.00 Accounts Receivable 4,000.00 - - 4,000.00 4,000.00 4,000.00 Allow. For Doubtful Accounts - - - - Office Supplies 2,000.00 - - 2,000.00 2,000.00 2,000.00 Laundry Supplies 500.00 - - 500.00 500.00 500.00 Prepaid Rent 3,000.00 - - 3,000.00 3,000.00 3,000.00 Machineries & Equipment 15,000.00 - - 15,000.00 15,000.00 15,000.00 Accumulated Depreciation - - - - - Furniture & Fixtures 4,000.00 - - 4,000.00 4,000.00 4,000.00 Accumulated Depreciation - - - - Office Equipment 5,000.00 - - 5,000.00 5,000.00 5,000.00 Accumulated Depreciation - - - - - Service Vehicle - Tricycle 30,000.00 - - 30,000.00 30,000.00 30,000.00 Accumulated Depreciation - - - - Accounts Payable 10,000.00 - - - 10,000.00 10,000.00 10,000.00 Utilities Payable 3,500.00 - - 3,500.00 3,500.00 3,500.00 Payroll Taxes - - - - - Salaries Payable - - - - - Owner's Capital 70,000.00 - - 70,000.00 70,000.00 70,000.00 Owner's Withdrawal - - - - - - - Income Summary - - Service Revenue 25,000.00 - - 25,000.00 25,000.00 25,000.00 Advertising Expense - - - - - - Depreciation Expense - Furniture & Fixture - - - - - Depreciation Expense - Machineries & Equipment - - - - - Depreciation Expense - Office Equipment - - - - - Depreciation Expense - Service Vehicle (tricycle) - - - - - Doubtful Expense 500.00 - - 500.00 500.00 500.00 Laundry Supplies Expense 5,000.00 - - - 5,000.00 5,000.00 5,000.00 Miscellaneous Expense 1,000.00 - - - 1,000.00 1,000.00 1,000.00 Office Supplies Expense 3,000.00 - - - 3,000.00 3,000.00 3,000.00 Payroll Taxes Expense 6,000.00 - - - 6,000.00 6,000.00 6,000.00 Prepaid Rent Expense 2,500.00 - - - 2,500.00 2,500.00 2,500.00 Repair & Maintenance - - - - - - Salaries Expense - - - - - - Taxes & Licenses - - - - - - Utilities Expense - - - - - -

Total 101,500.00 108,500.00 - - - - - - - - 101,500.00 108,500.00 - - 101,500.00 108,500.00 18,000.00 25,000.00 83,500.00 83,500.00

Income 7,000.00 -

Total 25,000.00 25,000.00 83,500.00 83,500.00

Love-vandera Laundry StationBalance SheetAs of April 30,2012

AssetsCurrent Assets

Cash 20,000.00 Accounts Receivable 4,000.00

Less: Allowance for Doubtful Accounts - 4,000.00

Office Supplies 2,000.00 Laundry Supplies 500.00 Prepaid Rent 3,000.00

Total Current Assets 29,500.00 Non – Current Assets

Machineries & Equipment – Laundry 15,000.00 Furniture & Fixtures – Laundry & Office 4,000.00 Office Equipment 5,000.00 Service vehicle – Tricycle 30,000.00 Less: Accumulated Depreciation - 54,000.00

Total Non – Current Assets 54,000.00

Total Assets 83,500.00

LiabilitiesCurrent Liability

Accounts Payable 10,000.00 Utilities Payable 3,500.00 Payroll Taxes - Salaries Payable -

Total Liabilities 13,500.00 Owner’s Equity

Owner’s Capital 70,000.00

Total Liabilities & Equity 83,500.00

Love-vandera laundry StationIncome StatementFor the period April 30,2012

Revenue

Service Revenue 25,000.00 Expenses

Advertising Expense - Depreciation Expense – Furniture & Fixtures - Depreciation Expense – Machineries & Equipment - Depreciation Expense – Office Equipment - Depreciation Expense – Service Vehicle (tricycle) - Doubtful Expense 500.00 Laundry Supplies ExpenseMiscellaneous Expense 1,000.00 Office Supplies Expense 3,000.00 Payroll Taxes Expense 6,000.00 Prepaid Rent Expense 2,500.00 Repair & Maintenance - Salaries Expense - Taxes & Licenses -

Utilities Expense - 13,000.00

Net Income 12,000.00

Love-vandera laundry StationIncome StatementFor the period April 30,2012

Love - vandera Laundry StationStatement of Changes in EquityFor the Period of April 30, 2012

Salgados, Owner's Equity -

Add: Additional Investment by Salgados

Profit -

Less: Wihtdrawal -

Salgados, Owner's Equity -

Love-vandera Laundry StationStatement of Cash FlowFor the month ended April 30, 2012

Cash Flows from Operating Activities:

Cash Received from Customers - Payments to expenses:

Advertising Depreciation - Furniture & FixturesDepreciation - Machineries & EquipmentDepreciation - Office EquipmentDepreciation - Service Vehicle (tricycle)DoubtfulLaundry SuppliesMiscellaneousOffice SuppliesPayroll TaxesPrepaid RentRepair & MaintenanceSalariesTaxes & LicensesUtilities -

Net cash provided by (used in) operating activities - Cash Flows from Investing Activities:Payments to acquire:

Furniture & FixturesMachineries & EquipmentOffice EquipmentService Vehicle - tricycle -

Net cash provided by (used in) investing activities - Cash Flows from Financing Activities:

Cash Received as investment by ownerCash received from barrowingsPayments for withdrawals by owner

Net cash provided by (used in) financing activities -

Net Increase (Decrease) in CashCash balance at the beginning of the periodCash balance at the end of the period -