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    Santiago Pest Control General Journal For The Month of November 2021 Date 2021 Account Title Debit Credit

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    ItsRenz YT
    The document contains financial statements and journal entries for Santiago Pest Control for November 2021. It includes a statement of financial performance showing revenues of $192,000 and expenses of $89,500 resulting in net income of $102,500. It also contains a statement of changes in equity, showing an opening capital balance of $750,000, addition of net income of $102,500 and deduction of withdrawals of $60,000, leaving a closing capital balance of $792,500. Additionally, it provides a statement of financial position with total assets of $882,000 including cash, accounts receivable, supplies and equipment, and total liabilities of $89,500 for accounts payable.

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    Santiago Pest Control General Journal For The Month of November 2021 Date 2021 Account Title Debit Credit

    Uploaded by

    ItsRenz YT
    225 views10 pages
    The document contains financial statements and journal entries for Santiago Pest Control for November 2021. It includes a statement of financial performance showing revenues of $192,000 and expenses of $89,500 resulting in net income of $102,500. It also contains a statement of changes in equity, showing an opening capital balance of $750,000, addition of net income of $102,500 and deduction of withdrawals of $60,000, leaving a closing capital balance of $792,500. Additionally, it provides a statement of financial position with total assets of $882,000 including cash, accounts receivable, supplies and equipment, and total liabilities of $89,500 for accounts payable.

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    Santiago

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    The document contains financial statements and journal entries for Santiago Pest Control for November 2021. It includes a statement of financial performance showing revenues of $192,000 and expenses of $89,500 resulting in net income of $102,500. It also contains a statement of changes in equity, showing an opening capital balance of $750,000, addition of net income of $102,500 and deduction of withdrawals of $60,000, leaving a closing capital balance of $792,500. Additionally, it provides a statement of financial position with total assets of $882,000 including cash, accounts receivable, supplies and equipment, and total liabilities of $89,500 for accounts payable.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    225 views10 pages

    Santiago Pest Control General Journal For The Month of November 2021 Date 2021 Account Title Debit Credit

    Uploaded by

    ItsRenz YT
    The document contains financial statements and journal entries for Santiago Pest Control for November 2021. It includes a statement of financial performance showing revenues of $192,000 and expenses of $89,500 resulting in net income of $102,500. It also contains a statement of changes in equity, showing an opening capital balance of $750,000, addition of net income of $102,500 and deduction of withdrawals of $60,000, leaving a closing capital balance of $792,500. Additionally, it provides a statement of financial position with total assets of $882,000 including cash, accounts receivable, supplies and equipment, and total liabilities of $89,500 for accounts payable.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 10

    Santiago Pest Control

    General Journal
    For the Month of November 2021
    Date 2021 Account Title Debit Credit

    Santiago Pest Control


    Revenue and Expense Closing Entries

    Date 2021 Account Title Debit Credit


    Income and Expense Summary 28,500
    Repair Expense 28,500

    Consulting Revenue 192,000


    Income and Expense Summary 192,000

    Income and Expense Summary 9,500


    Utilities Expense 9,500

    Income and Expense Summary 51,500


    Salaries Expense 51,500

    Income and Expense Summary 102,500


    Santiago Capital 102,500

    Santiago Capital 60,000


    Santiago Withdrawals 60,000

    Santiago Pest Control


    Post Closing Trial Balance

    Date 2021 Account Title Debit Credit


    Cash 357,500
    Accounts Receivable 93,000
    Particide Supplies 214,500
    Spraying Equipment 412,000
    Accounts Payable 89,500
    Santiago Capital 272,500
    719,500 719,500
    Santiago Pest Control
    Trial Balance
    November 29, 2021
    Account Title Debit Credit Cash
    Cash 162,500 230,000
    Accounts Receivable 93,000 87,000
    Particide Supplies 214,500 12,000
    Spraying Equipment 412,000
    Withdrawals 60,000
    Utilities Expense 9,500
    Salaries Expense 51,500
    Repair Expense 28,500
    Accounts Payable 89,500
    Santiago Capital 750,000
    Consulting Revenues 192,000

    1,031,500 1,031,500

    329,000
    162,500

    Accounts Payable
    17,000

    17,000

    Utilities Expense
    9,500

    9,500
    Repair Expense
    28,500
    -
    Santiago Pest Control
    General ledger
    November 29, 2021
    Cash Accounts Receivable Perticide Supplies
    42,000 12,000 39,500
    28,500 63,000 175,000
    17,000 214,500
    9,500
    51,500 105,000 12,000
    60,000 93,000

    166,500

    Accounts Payable Santiago Capital Santiago Withdrawals


    39,500 230,000 60,000
    67,000 520,000 60,000
    750,000

    106,500
    89,500

    Utilities Expense Salaries Expense Repair Expense


    51,500 28,500
    51,500 28,500

    Santiago Pest Control


    Revenue and Expense Closing Entries

    Repair Expense Salaries Expense Utilities Expense


    28,500 51,500 51,500 9,500 9,500
    - - - - -

    Santiago Withdrawals Income and Expense Summary


    60,000 60,000 28,500 192,000
    - - 9,500
    51500
    89,500 192,000
    102,500 102,500
    - 0
    FINANCIAL STATEMENTS
    Santiago Pest Control
    Statement of Financial Performance
    Spraying Equipments
    67,000 Revenue
    345,000 Consulting Revenues
    412,000 Expenses
    Utilities Expense
    Repair Expense
    Salaries Expense

    Total
    Net Income

    Santiago Pest Control


    Statement of Changes in Equity

    Santiago Capital
    Add: Income
    Total
    Less: Leon, Widthrawals
    Santiago Capital
    Consulting Revenues
    42,000
    87,000
    63,000

    192,000

    Santiago Pest Control


    Statement of Financial Position

    Assets
    Consulting Revenue Current Assets
    192,000 192,000 Cash
    - - Accounts Receivable
    Perticide Supplies
    Total Current Assets:
    Non-Current Assets
    Spraying Equipments
    Total Non-Current Assets:
    Total Assets
    Liabilities
    Current Liabilities
    Accounts Payable
    Total Liability
    Equity
    Santiago Capital
    Total Liabilities and Owner's Equity
    FINANCIAL STATEMENTS
    Santiago Pest Control
    ement of Financial Performance

    g Revenues ₱ 192,000

    9,500
    51,500
    28,500

    89,500
    ₱ 102,500

    Santiago Pest Control


    atement of Changes in Equity

    750,000
    102,500
    852,500
    60,000
    ₱ 792,500

    Santiago Pest Control


    ement of Financial Position

    Assets

    162,500
    s Receivable 93,000
    Perticide Supplies 214,500
    ₱ 470,000

    Equipments 412,000
    ₱ 412,000
    ₱ 882,000

    89,500
    ₱ 89,500

    ₱ 792,500
    ₱ 882,000

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