TETAY BARBERSHOP

TETAY SANTOS BARBERSHOP
RENT		9000
CHAIRS		5000
MIRROR		1000
ELECTRIC FAN		3000
EQUIPMENT		8000
SUPPLIES		1500
FIXTURES		2500
		30000
TETAY INVESTED 30,000 CASH
A	=	L	+	OE
30000	=			30000
CASH			30000
	TETAY, CAPITAL			30000
to initial record investment
FURNITURE & FIXTURES			8500
	CASH			8500
	to record purchase of chairs, mirror, cabinets, and sother fixtures
	A	=	L	+	OE
CASH	21500
FF	8500				30000
INCREASE IN ASSET			DEBIT	LEFT SIDE
DECREASE IN ASSET			CREDIT	RIGHT SIDE
INCREASE IN LIABILITY			CREDIT
DECREASE IN LIABILITY			DEBIT
INCREASE IN OWNER'S EQUITY			CREDIT
DECREASE IN OWNER'S EQUITY			DEBIT
INCREASE IN REVENUE			CREDIT
DECREASE IN REVENUE			DEBIT
RENT EXPENSE			4500
PREPAID RENT			4500
	CASH			9000
to record payment of 1 month deposit and 1 month advance rental
		A	=	L	+	OE
	CASH	12500				25500
	FF	8500
	PREP RENT	4500
EQUIPMENT			11000
	CASH			11000
		A	=	L	+	OE
	CASH	1500				25500
	FF	8500
	PREP RENT	4500
	EQUIPMENT	11000
SUPPLIES EXPENSE			1500
	CASH			1500
		A	=	L	+	OE
	CASH	0				24000
	FF	8500
	PREP RENT	4500
	EQUIPMENT	11000
SUPPLIES EXPENSE			500
	ACCOUNTS PAYABLE			500
		A	=	L	+	OE
	CASH	0		500		23500
	FF	8500
	PREP RENT	4500
	EQUIPMENT	11000
CASH			17000
	SERVICE REVENUE			17000
UTILITIES EXPENSE			1500
SUPPLIES EXPENSE			2000
	CASH			3500
EQUIPMENT			5000
	TETAY CAPITAL			5000
	additional investment - television
TETAY DRAWING			4000
	CASH			4000
	WITHDRAW CASH FOR PERSONAL USE
		A	=	L	+	OE
	CASH	9500		500		23500+17000+5000-4000-3500
	FF	8500
	PREP RENT	4500				38000
	EQUIPMENT	16000
		TETAY SANTOS
		BALANCE SHEET
		AS OF JANUARY 31, 2015
	ASSETS				LIABILITIES
CASH		9500		ACCOUNTSPAYABLE			500
PREP RENT		4500			OWNER'S EQUITY
EQUIPMENT		16000		TETAY, CAPITAL			38000
FF		8500
TOTAL ASSETS		38500		TOTAL LIAB & OWNER'S EQUITY			38500
		TETAY SANTOS
		INCOME STATEMENT
		FOR THE MONTH ENDED JAN 31, 2015
SERVICE REVENUE						17000
LESS EXPENSES:
	RENT EXPENSE			4500
	SUPPLIES EXPENSE			4000
	UTILITIES EXPENSE			1500		10000
NET INCOME						7000
		TETAY SANTOS
		STATEMENT OF CHANGES IN OWNER'S EQUITY
		FOR THE MONTH ENDED JAN 31, 2015
BEG CAPITAL				30000
ADDTL INVESTMENT				5000
WITHDRAWALS				-4000
NET INCOME				7000
ENDING CAPITAL				38000