Name: Audit Report September 1-14 Foreign Exchange Translation Service 1. Number of debits made to 2. Number of credits made to 3. Number of debits made to IVIiscellaneous Expense 4. Total debit or credit balance on trial balance 5. Number of accounts on trial balance Audit Report September 15-25 1. Number of debits made to 2. Number of credits made to 3. Number of debits made to Advertising Expense 4. Total debit or credit balance on trial balance 5. Number of accounts on trial balance Audit Report September 27-30 1. Number of debits made to 2. Number of credits made to 3. Number of debits made to Stuart Reed, Drawing 4. Total debit or credit balance on trial balance 5. Number of accounts on trial balance 6. Print Bank Reconciliation before entering September 30'*" information
Audit Report End-of-Fiscal Period September 30 1. Total of debits or credits for adjusting entries $ ^'! i-f^ 2. Net income for period ^ ' h / > w 3. Component percentage for total operating expenses /. '' % 4. Component percentage for net income S.7 % 5. Number of assets on balance sheet ^ 6. Total amount of assets on balance sheet $ ^ / -. P f'^ 7. Number of liabilities on balance sheet 8. Total amount of liabilities on baiance sheet $ ^> /. j/ C; 9. Total amount of liabilities and owner's equity on balance sheet $ PRINT INCOME STATEMENT BEFORE PERFORMING CLOSING ENTRIES 10. Total debit and credit balance on post-closing trial balance $ Staple in this order and turn into the Inbox: 1. Audit Report (this sheet) 2. General Journal (print AFTER CLOSING ENTRIES) 3. Bank reconciliation form 5. Balance Sheet (print AFTER CLOSING ENTRIES) 6. Income Statement (print BEFORE CLOSING ENTRIES) 7. Trial Balance (print AFTER CLOSING ENTRIES)
01-23-2013 Leo Garza/Simulation Page 1 Foreign Exchange T. S. General Journal 09/30/13 Date Refer. Acct. Title Debit Credit 09/01 09/01 Rl Rl 310 Stuart Reed, Capital 17500.00 17500.00 09/02 09/02 Cl Cl 150 850.00 850.00 09/03 09/03 C2 C2 160 Prepaid Insurance 600.00 600.00 09/03 09/03 C3 C3 120 Petty 220.00 220.00 09/03 09/03 Ml Ml 150 230 A.P. Executive 500.00 500.00 09/04 09/04 C4 C4 540 Rent Expense 1500.00 1500.00 09/06 09/06 C5 C5 570 Utilities Expense 55.00 55.00 09/08 09/08 C6 C6 510 Advertising Expense.00.00 09/09 09/09 C7 C7 230 A.P. Executive 250.00 250.00 09/09 09/09 C8 C8 320 Stuart Reed, Drawing 09/10 09/10 Sl Sl 130 410 A.R.-Our World Enterpr. Sales 09/11 09/11 C9 C9 530 50.00 50.00 09/12 09/12 09/13 09/13 CIO CIO cn Cll 550 150 Repair Expense 65.00 325.00 65.00 325.00 09/13 09/13 M2 M2 150 220 A.P. Computer Works 175.00 175.00 09/13 09/13 T13 T13 410 Sales 1920.00 1920.00 09/14 09/14 C12 C12 530 45.00 45.00
01-23-2013 Leo Garza/Simulation Page 2 09/14 M3 150 09/14 M3 230 A.P.-Executive 150.00 150.00 09/15 S2 140 09/15 S2 410 A.R. Universal Marketing Sales 300.00 300.00 09/15 C13 530 09/15 C13 40.00 40.00 09/16 C14 530 09/16 C14 40.00 40.00 09/16 C15 510 09/16 C15 Advertising Expense 120.00 120.00 09/16 C16 320 09/16 C16 Stuart Reed, Drawing 250.00 250.00 09/17 C17 570 09/17 C17 Utilities Expense 75.00 75.00 09/17 18 150 09/17 C18 120.00 120.00 09/18 R2 09/18 R2 130 A.R.-Our World Enterpr. 100.00 100.00 09/19 C19 530 09/19 C19 15.00 15.00 09/20 C20 150 09/20 C20 130.00 130.00 09/20 M4 150 09/20 M4 220 A.P. Computer Works 175.00 175.00 09/20 T20 09/20 T20 410 Sales 1875.00 1875.00 09/22 M5 150 09/22 M5 210 A.P.-AU Store 650.00 650.00 09/23 21 550 09/23 21 Repair Expense 10.00 10.00 09/23 22 320 09/23 22 Stuart Reed, Drawing 220.00 220.00 09/24 R3 09/24 R3 140 A.R.-Universal Marketing 09/25 23 570 09/25 23 Utilities Expense 115.00 115.00 09/27 24 150 09/27 24 125.00 125.00
01-23-2013 Leo Garza/Simulation Page 3 09/27 C25 210 09/27 C25 09/27 T27 09/27 T27 410 09/27 M6 530 09/27 M6 09/30 C26 550 09/30 C26 530 09/30 C26 09/30 C27 320 09/30 C27 09/30 T30 09/30 T30 410 09/30 ADJ 560 09/30 ADJ 150 09/30 ADJ 520 09/30 ADJ 160 09/30 Clo.Ent. 410 09/30 Clo.Ent. 330 09/30 Clo.Ent. 330 09/30 Clo.Ent. 510 09/30 Clo.Ent. 520 09/30 Clo.Ent. 530 09/30 Clo.Ent. 540 09/30 Clo.Ent. 550 09/30 Clo.Ent. 560 09/30 Clo.Ent. 570 09/30 Clo.Ent. 330 09/30 Clo.Ent. 310 09/30 Clo.Ent. 310 09/30 Clo.Ent. 320 A.P.-AU Store Sales Repair Expense Stuart Reed, Drawing Sales Expense Insurance Expense Prepaid Insurance Sales Income Summary Income Summary Advertising Expense Insurance Expense Rent Expense Repair Expense Expense Utilities Expense Income Summary Stuart Reed, Capital Stuart Reed, Capital Stuart Reed, Drawing Totals 425.00 1355.00 5.00 35.00 30.00 250.00 795.00 2310.00 6445.00 4820.00 1625.00 920.00 425.00 1355.00 5.00 65.00 250.00 795.00 2310.00 6445.00 230.00 225.00 1500.00.00 2310.00 245.00 1625.00 920.00 48490.00 48490.00
01-23-2013 Leo Garza/Simulation Page 1 Foreign Exchange T. S. BanK Reconciliation 09/27/13 Checkbook Balance Less Bank Charges: 5.00 Adjusted Checkbook Balance Bank Statement Balance Plus Outstanding Deposits: Less Outstanding Checks: 1355.00 C21 10.00 C23 115.00 C24 125.00 C25 425.00 Adjusted Bank Balance
01-23-2013 Leo Garza/Simulation Page 1 Foreign Exchange T. S. Balance Sheet 09/30/13 Assets 17470.00 Petty 220.00 A.R.-Our World Enterpr. 100.00 A.R.-Universal Marketing 100.00 890.00 Prepaid Insurance 400.00 Total Assets 19180.00 Liabilities A.P.-AU Store 225.00 A.P.-Computer Works 350.00 A.P.-Executive Supphes 400.00 Total Liabilities 975.00 Owner's Equity Stuart Reed, Capital 18205.00 Total Owner's Equity 18205.00 Total Liabilities & Equity 19180.00
01-23-2013 Leo Garza/Simulation Page 1 Foreign Exchange T. S. Income Statement For Period Ended 09/30/13 Monthly Amount Monthly Percent Yearly Amount Yearly Percent Operating Revenue Sales 6445.00 100.00 6445.00 100.00 Total Operating Revenue 6445.00 100.00 6445.00 100.00 Operating Expenses Advertising Expense Insurance Expense Rent Ejcpense Repair Expense Expense Utilities Expense 230.00 225.00 1500.00.00 2310.00 245.00 3.57 3.10 3.49 23.27 1.71 35.84 3.80 230.00 225.00 1500.00.00 2310.00 245.00 3.57 3.10 3.49 23.27 1.71 35.84 3.80 Total Operating Expenses 4820.00 74.79 4820.00 74.79 Net Income 1625.00 25.21 1625.00 25.21
01-23-2013 Leo Garza/Simulation Page 1 Foreign Exchange T. S. Trial Balance 09/30/13 Acct. Account Number Title Debit Credit 17470.00 120 Petty 220.00 130 A.R.-Our World Enterpr. 100.00 140 A.R.-Universal Marketing 100.00 150 890.00 160 Prepaid Insurance 400.00 210 A.P.-AU Store 225.00 220 A.P.-Computer Works 350.00 230 A.P.-Executive Supphes 400.00 310 Stuart Reed, Capital 18205.00 Totals 19180.00 19180.00