Scribd
Upload
57 views4 pages

Financial Summary for Accountants

This document shows accounting entries over multiple periods tracking changes in assets, liabilities, equity, revenue and expenses for a business. It begins on January 1st with an opening balance of $25,000 in equity and tracks changes in various asset and liability accounts along with revenue, expenses and capital over 13 periods.

Uploaded by

Akshit Gupta
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
57 views4 pages

Financial Summary for Accountants

This document shows accounting entries over multiple periods tracking changes in assets, liabilities, equity, revenue and expenses for a business. It begins on January 1st with an opening balance of $25,000 in equity and tracks changes in various asset and liability accounts along with revenue, expenses and capital over 13 periods.

Uploaded by

Akshit Gupta
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 4

Assets

Date

Cash Trade rec inventories prepaid ins land Total Equity


1-Jan opening 25000 25000 25000

2-Jan opening 25000 25000


changes 12500
closing 37500 37500 25000

3-Jan opening 37500


changes 5000 5000
closing 32500 5000 37500 25000

4-Jan opening 32500 5000 25000


changes 750 500
closing 33250 4500 37750 25000

1 opening 33250 4500 25000


changes 5000
closing 33250 9500 42750 25000

2 opening 33250 9500 25000


changes 2300 1500
closing 35550 8000 43550 25000

3 opening 35550 8000 25000


Changes 2620 1700
closing 35550 2620 6300 44470 25000

4 opening 35550 2620 6300 25000


Changes 1224 1224
closing 34326 2620 6300 1224 44470 25000

5 opening 34326 2620 6300 1224 25000


Changes 6000 24000
Closing 28326 2620 6300 1224 24000 62470 25000

6 opening 28326 2620 6300 1224 24000 25000


Changes 3000 12000
Closing 31326 2620 6300 1224 12000 53470 25000

7 NO entry
8 opening 31326 2620 6300 1224 12000 25000
Changes 1000
Closing 30326 2620 6300 1224 12000 52470 25000

9 opening 30326 2620 6300 1224 12000 25000


Changes 750
Closing 30326 2620 5550 1224 12000 51720 25000

10 no entry
11 opening 30326 2620 5550 1224 12000 25000
Changes 6000
Closing 24326 2620 5550 1224 12000 45720 25000

12 no entry
13 opening 24326 2620 5550 1224 12000 25000
Changes 1310 850
Closing 25636 2620 4700 1224 12000 46180 25000
Liabilities + Capital
liability Capital
Mortgage
notes payable payable Trade Payables profit Revenue drawings Total
25000

12500
12500 37500

12500 37500

12500
250
12500 250 37750

12500 250
5000
12500 5000 250 42750

12500 5000 250


800
12500 5000 250 800 43550

12500 5000 250 800


920
12500 5000 250 1720 44470

12500 5000 250 1720

12500 5000 250 1720 44470

12500 5000 250 1720


18000
12500 18000 5000 250 1720 62470

12500 18000 5000 250 1720


9000
12500 9000 5000 250 1720 53470

12500 9000 5000 250 1720


-1000
12500 9000 5000 250 1720 -1000 52470

12500 9000 5000 250 1720 -1000


-750
12500 9000 5000 250 1720 -1750 51720

12500 9000 5000 250 1720 -1750


6000
6500 9000 5000 250 1720 -1750 45720

6500 9000 5000 250 1720 -1750


460
6500 9000 5000 710 1720 -1750 46180

You might also like