bkal1013 project

7/23/2019 BKAL1013 Project

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Ultrabikes EnterpriseUnadjusted Journal for June 2015

Unadjusted Journal-Ultrabikes Entreprise

DATE DESCRIPTION POST.REF.

JUNE 1 Vehicles

Cash

Capital( Record capital Fa!ra had i"#est i" $!si"ess%

1 Re"t E&pe"ses

F!r"it!re

Cash

( Record re"tal e&pe"ses a"d p!rchasi"'

o !r"it!re $) cash %

* +ercha"dise I"#e"tor)

Acco!"t Pa)a$le ,+INIC-CE

(Record P!rchasi"' o i"#e"tor) o" acco!"t%

/ Tra"sportatio" i"

Cash

( Record tra"sportatio" i" or +INIC-CE%

0 +ercha"dise I"#e"tor)

Acco!"t Pa)a$le , IC-CE 2ARE3OUSE


4 Cash

Sales

(Record cash Sales%

4 Cost O +ercha"dise Sold

+ercha"dise I"#e"tor)

(Record cost o 5ercha"dise sold%

16 Acco!"t Pa)a$le, IC-CE 2ARE3OUSE

P!rchases Ret!r" 7 Allo8a"ces

( Record ret!r" i"#e"tor) had deected %

11 Acco!"t Recei#a$le , SUPERC-CES S3OP

Sales

(Record sales o" acco!"t%

11Cost O +ercha"dise Sold

+ercha"dise I"#e"tor)(Record cost o 5ercha"dise sold%




19 Acco!"t Pa)a$le, +INIC-CE

P!rchases Disco!"t

Cash

( Paid or +INIC-CE or p!rchases%


19 Dra8i"'


( Ta:e 9 5o!"tai" $i:e or "ephe8s%

1/ Cash

o"',ter5 oa"

(O$tai"ed a loa" ro5 ;; AN< ER3AD %

10 Acco!"t Recei#a$le , 3APP-I<E CENTRE

Sales

(Record sales o" acco!"t%

10 Cost O +ercha"dise Sold



91 Acco!"t Pa)a$le, IC-CE 2ARE3OUSE

Cash

( Paid or IC-CE 2ARE3OUSE or p!rchases%

91 Cash

Sales Disco!"t

Acco!"t Recei#a$le, SUPERC-CES S3OP

( Recei#e cash ro5 SUPERC-CES S3OP %

9* Cash

Sales

(Record cash Sales%

9* Cost O +ercha"dise Sold



9= +ercha"dise I"#e"tor)

A P $l +INIC-CE





9= Tra"sportatio" i"

Cash

( Record tra"sportatio" i" or +INIC-CE%

90 Sales Ret!r"

Cash

(Record ret!r" 5ercha"dise i"#e"tor) ro5

c!sto5er%


90 +ercha"dise I"#e"tor)

Cost O +ercha"dise Sold

(Record sales ret!r" %

*6 Utilit) E&pe"ses

Salaries E&pe"ses

I"s!ra"ce E&pe"ses

Cash(Paid the $ills%




DEIT (R+% CREADIT (R+%

11>?666

09?/66

14=?/66

/?166

1/?=66

96?@66

*6?@/6

*6?@/6

1?066

1?066

9=?@66

9=?@66

@?4/6

@?4/6

*?*66

*?*66

1?*/6

1?*/6

1@?//6

1@?//6

=?1>*

=?1>*




*6?@/6

94?919./6

1?/*@./6


016

016

@9?666

@9?666

1=?*/6

1=?*/6

/?@1/

/?@1/

9/?*/6

9/?*/6

1=?=@9./6

0@@./

1@?//6

19?@/6

19?@/6

>?400

>?400

99?/66

99 /66




=*6

=*6

4>/

4>/


/9/

/9/

/@6

4?466

0?166

10?/@6



Adjusted journal -Ultrabikes Entreprise

Date Particular POS!"E#! Debit $"%&

June '0 Prepaid "ental '()00

"ental E*penses

$ "ecord rental e*penses for ' +ont,&

Depreciation E*penses- e,icles .50

/ 11)000* 112* 10

Accu+ulated Depn -e,icles

$ "ecord depreciation of e,icles for June&

Depreciation E*penses - #urniture 10)

/ 15300* 112* 4

Accu+ulated Depn- #urniture

$ "ecord depreciation of furniture for June&

Salar E*penses .65

Salar Paable

$ "ecord salar re+ained paable&

Prepaid 7nsurance 4(100

7nsurance E*penses

$"ecord insurance t,at is e8ectie fro+ Jul&



9readit$"%&

'()00

.50

10)

.65

4(100



unadjusted led:er-U;"A<7=ES E>"EP"7SE

Date Particular Dt(Rm)

Vehicle

J!",61 Capital 11>?666

Cash

J!",61 Capital 09?/66

4 Sales @?4/6

1/ o"',ter5 oa" @9?666

91 Acco!"t Recei#a$le,

SUPERC-CES S3OP 1=?=@*

9* Sales 19?@/6

1.1(46'

F!r"it!re

J!",61 Cash 1/=66


J!",6* Acco!"t Pa)a$le,

+INI C-CE *6?@/6

5 Cash 1?0660 Acco!"t Pa)a$le,

C-CE 2ARE3OUSE 9=?@66

9= Acco!"t Pa)a$le,

+INI C-CE 99?/66

Cash =*6

90 Cost O +ercha"dise sold /9/



42(.05

Acco!"t Recei#a$le

J!",11 Sales 1@?//6

10 Sales 1=?*/6

''(.00

Acco!"t Pa)a$le

J!",16 +ercha"dise I"#e"tor) 1('50

19 +ercha"dise I"#e"tor) 1?/*@./6

19 Cash 94?919./6

91 Cash 9/?*/6

*6 ala"ce 99?/66

6.(.50

a": oa"

J!",*6 ala"ce @9?666

Capital

J!",*6 ala"ce 14=?/66

14=?/66

Dra8i"'

J!",19 +ercha"dise I"#e"tor) 016

Cost O +ercha"dise s

J!",64 +ercha"dise I"#e"tor) *?*66

11 +ercha"dise I"#e"tor) =?1>*

10 +ercha"dise I"#e"tor) /?@1/

9* +ercha"dise I"#e"tor) >?400

20(1)3



Sales

J!",*6 ala"ce />?=66

/>?=66

Sales Ret!r" a"d Allo8a

J!",90 Cash 4>/

Sales Disco!"ts

J!",91 Acco!"t Recei#a$le,

<79?9;E @A"EOUSE 0@@./

Utilit) E&pe"ses

*6 Cash /@6

Salar) E&pe"ses

*6 Cash 4?466

I"s!ra"ce E&pe"ses

*6 Cash 0?166

Re"t E&pe"ses

J!",61 Cash /?166



Date Particular Ct(Rm)

J!",*6 ala"ce 11>?666

J!",61 Re"t E&pe"ses /?166

F!r"it!re 1/?=66

/ +ercha"dise I"#e"tor) 1?066

19 Acco!"t Pa)a$le,

+INI C-CE 94?919./6

91 Acco!"t Pa)a$le,

IC-CE 2ARE3OUSE 9/?*/6

23 +ercha"dise I"#e"tor) =*6

24 Sales Ret!r" 7 Allo8a"ces 4>/

'0 Utilit) E&pe"ses /@6

Salaries E&pe"ses 4?466

I"s!ra"ce E&pe"ses 0?166

ala"ce 4>?==/

1.1(46'

J!",*6ala"ce 1/=66

J!",64 Cost O +ercha"dise sold *?*66

16 Acco!"t Pa)a$le,

IC-CE 2ARE3OUSE 1?*/611 Cost O +ercha"dise sold =?1>*

19 Dra8i"' 016

Acco!"t Pa)a$le,

+INIC-CE 1?/*@./6

10 Cost O +ercha"dise sold /?@1/

9* Cost O +ercha"dise sold >?400

*6 ala"ce /4?6=1



42(.05

J!",91Cash 1=?=@9./6

91 Sales Disco!"t 0@@./*6 ala"ce 1=?*/6

''(.00!00

J!",6* +ercha"dise I"#e"tor) *6?@/6

0 +ercha"dise I"#e"tor) 9=?@66

9= +ercha"dise I"#e"tor) 99?/66

6.(.50

J!",1/Cash @9?666

J!",61 Vehicles 11>?666

Cash 09?/66

14=?/66

J!",*6ala"ce 016

ld

J!",90 +ercha"dise I"#e"tor) /9/

*6 ala"ce 14?=91

20(1)3



J!",64 Cash @?4/6

11Acc. Recei#a$le,

SUPERC-CES S3OP 1@?//6

10 Acc. Recei#a$le,

3APP- I<E CENTRE 1=?*/6

9* 19?@/6

5)(300

ces

J!",*6ala"ce 4>/

J!",*6ala"ce

0@@./

*6 ala"ce /@6

*6 ala"ce 4?466

*6 ala"ce 0?166

J!",*6ala"ce /?166



Adjusted ;ed:er-U;"A<7=ES E>"EP"7SE

Re"t E&pe"ses

J!",61Cash /?166 J!",*6 Prepaid "ent '()00

ala"ce 1?@66

5(100 5(100

Prepaid Re"t

J!",*6 Re"t E&pe"ses *?>66 J!",*6 *?>66

Acc!5!lated Dep",F!r"it!re

J!",*6 ala"ce 10) J!",*6 Depreciatio" E&pe"ses,

#urniture 10)

16> 10)

Depreciatio" E&pe"se,F!r"it!re

J!",*6 Depreciatio" E&pe"ses, J!",*6 ala"ce 16>

#urniture 10)

16> 10)

Acc!5!lated Dep",Vehicles

J!",*6 ala"ce.50

J!",*6 Depreciatio" E&pe"ses,

e,icles .50

4/6 .50

Depreciatio" E&pe"se,Vehicles

J!",*6 Depreciatio" E&pe"ses, J!",*6 ala"ce 4/6

e,icles .50

4/6 .50

Salar) E&pe"ses



J!",*6 Cash 4?466 J!",*6 ala"ce 16?0@/

Pa)a$le salar) 4@/

16?0@/ 16?0@/

Pa)a$le Salaries

J!",*6 ala"ce 4@/ J!",*6 Salar) E&pe"ses 4@/

I"s!ra"ce E&pe"ses

J!",*6 Cash 0?166 J!",*6 Prepaid I"s!ra"ce 0?166

Prepaid I"s!ra"ce

J!",*6 I"s!ra"ce E&pe"ses 0?166 J!",*6 ala"ce 0?166



U;"A<7=ES E>"EP"7SE

Unadjusted rial <alance

June '0( 2015

ACCOUNT RM RM

e,icle 11)(000

9as, .)(335#urniture 15(300

%erc,andisin: 7nentor 5.(031

Account "eceiable 13('50

Account Paable 22(500

;on:-ter+ ;iabilit 62(000

#aBura(9apital 1.3(500

#aBura(DraCin: 410

Sales 5)(300

Sales Discount 464

Sales "eturn .)59ost of %erc,andisin: 1.(321

"ent E*penses 5(100

Utilit E*penses 560

Salaries E*penses .(.00

7nsurance E*penses 4(100

OA; ')5(300 ')5(300



U;"A<7=ES E>"EP"7SE

Adjusted rial <alance

June '0( 2015

ACCOUNT RM RM

e,icle 11)(000

9as, .)(335Account "eceiable 13('50

%erc,andisin: 7nentor 5.(031

#urniture 15(300

Prepaid 7nsurance 4(100

Prepaid "ent '()00

Account Paable 22(500

Paable Salar .65

;on:-ter+ ;iabilit 62(000

#aBura(9apital 1.3(500

#aBura(DraCin: 410Sales 5)(300

Sales Discount 464

Sales "eturn .)5

9ost of %erc,andisin: 1.(321

"ent E*penses 1(600

Utilit E*penses 560

Salaries E*penses 10(465

e,icles Depreciation E*penses .50

Accu+ulated Depreciation-e,icles .50

#urniture Depreciation E*penses 10)

Accu+ulated Depreciation-#urniture 10)

OA; ')6(32. ')6(32.



U;"A<7=ES E>E"P"7SE

7nco+e State+ent

June '0( 2015

"% "% "%

Sales "eenue 5)(300Add Sales "eturn AlloCances .)5

Sales Discount 464 1(42'

>et Sales 52(666

9ost of Foods Sold 1.(321

7nco+e fro+ operations ''(153

E*penses

Depreciation E*pense- #urniture 10)

Depreciation E*pense- e,icles .50

Salaries E*pense 10(465

Utilit E*pense 560 "ent E*pense 1(600

otal E*pense 1)(1..

>et ProGt 14(.56



U;"A<7=ES E>E"P"7SE

State+ent of OCnerHs EIuit

June '0( 2015

"% "%#aBura( capital( June 1( 2015 1.3(500

>et 7nco+e 14(.56

;ess draCin:s 410

7ncrease in oCnerHs eIuit 14(1)6

#aBura( capital( June '0( 2015 21)(3)6



Assets

C!rre"t asse

Cash

Acco!

+ercha

Prepai

Prepai

To

Propert)? pla

Vehicle

ess

F!r"it!

ess

To

Total assets

Liabilities

C!rre"t lia$i

AccoSalari

T

o"',ter5 li

Total lia$ilit

Owner's E

Fa!ra? capi

Total lia$ilit



UTRAI<ES ENTERPRISE

ala"ce Sheet

J!"e *6? 961/

RM RM

ts

4>?==/

ts Recei#a$le 1=?*/6

"dise I"#e"tor) /4?6=1

re"t *?>66

i"s!ra"ce 0?166

al C!rre"t Assets

"t? a"d eB!ip5e"t

11>?666

acc!5!lated depreciatio" 4/6 11*?6/6

re 1/?=66

acc!5!lated depreciatio" 16> 1/?>4=

tal propert)? pla"t? a"d eB!ip5e"t

lities

"ts Pa)a$le 99?/66s pa)a$le 4@/

tal C!rre"t ia$ilities

a$ilities

es

uity

al

es a"d o8"ers eB!it)



RM

101?/@=

190?/>=

*16?199

9*?>@/

@9?666

4/?>@/

91>?=>@

*16?199



/ Ret!r" O" Assets

Net i"co5e

Total assets

10?4/@

( 101?/@= 190?/>= %

6.6=

= Ret!r" O" EB!it)

Net i"co5e

Total EB!it)

10?4/@

91>?=>@

6.64



Analysis

As )o! ca" see? UTRAI<ES had e&ceed @.@* perce"to c!rre"t assets to pa) o o his c!rre"t lia$ilities. This

sho8s that UTRAI<ES is +a"a'e their c!rre"tlia$ilities 8ell. So? all the c!rre"t lia$ilities 8o!ld $e

co#ered $) the c!rre"t assets.

As )o! ca" see UTRAI<ES B!ic: ratio is /.99. This5ea"s that Carole ca" pa) o all o her c!rre"t lia$ilities

8ith B!ic: assets a"d still ha#e so5e B!ic: assets let o#er.

As )o! ca" see? UTRAI<ES ratio is o"l) 6.*>. This5ea"s that or e#er) ri"''it i" assets? UTRAI<ES o"l)'e"erates 6.*> ce"ts. I" other 8ords? UTRAI<ES start

!p i" "ot #er) eicie"t 8ith its !se o assets.

As )o! ca" see? UTRAI<ES ENTREPRISE o"l)co"#erted = perce"t o sales i"to proits. It sho8s? the) had

less sales.



As )o! ca" see? UTRAI<ES ENTREPRISE ratio is6.6= perce"t. I" other 8ords? e#er) Ri"''it that Charlie

i"#ested i" assets d!ri"' the )ear prod!ced R+ = o "eti"co5e.

As )o! ca" see? ater preerred di#ide"ds are re5o#edro5 "et i"co5e UTRAI<ES ENTREPRISE ROE is 4.

This 5ea"s that e#er) Ri"''it o co55o" shareholderseB!it) ear"ed a$o!t R+ 4 this )ear. I" other 8ords?

shareholders sa8 a 4 perce"t ret!r" o" their i"#est5e"t.

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