Vandermeer Computer Consultants

Transactions
For the Year Ended June 30th, 2013

Reference
Number

Date

Transactions

2-Jul-12 Cash

DR.
$200,000.00

Common Shares
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2-Jul-12 Cash
Bank Loan Payable
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31-Jul-12 Interest Expense
Interest Payable

3-Jul-12 Prepaid Insurance

$200,000.00
$40,000.00
$40,000.00
$2,400.00
$2,400.00
$14,400.00

Cash

3-Jul-12 Lease Expense

Prepaid Lease
Cash

3-Jul-12 Rent Expense

Pre-paid Rent
Cash

CR.

4-Jul-12 Supplies
Cash

$14,400.00
$1,000.00
$6,000.00
$7,000.00
$4,500.00
$4,500.00
$9,000.00
$12,000.00
$12,000.00

Additional Notes

5-Jul-12 Equipment
Accounts Payable
31-Jul-12 Depreciation Expense

$100,000.00
$100,000.00
$2,083.00

Accumulated Depreciation

10

11

12

13

14

15

16

17

18

$2,083.00

10-Jul-12 Cash
Accounts Receivable

$4,800.00

12-Jul-12 Unearned Revenue

Revenue

$4,480.00

For Invoice dated June 2012 to Collins Enterprises

$4,800.00

$4,480.00

16-Jul-12 Cash
Unearned Revenue hjkh

$48,000.00

17-Jul-12 Salaries Expense

Cash

$44,000.00

18-Jul-12 Utilities Expense

Cash

$1,600.00

$48,000.00

$44,000.00

$1,600.00

20-Jul-12 Accounts Receivable

Revenue

$72,000.00

20-Jul-12 Legal Expense

Accounts Payable

$8,800.00

Services provided on credit to Moore Productions

$72,000.00

$8,800.00

23-Jul-12 Unearned Revenue

Revenue

$40,000.00

25-Jul-12 Cash
Additional Revenue

$10,000.00

$40,000.00
Revenue for speaking at an idustry conference
$10,000.00

19

26-Jul-12 Cash

$50,000.00

Accounts Receivable
20

21

22

23

Adjusting

Cash received towards a previously issued invoice for Moore

Productions

$50,000.00

31-Jul-12 Supplies Expense

Supplies
31-Jul-12 Salaries Expense
Salaries Payable

$1,250.00
$1,250.00
$44,000.00
$44,000.00

31-Jul-12 Utilities Expense

Utilities Payable
ggggggggggggggggkjdfhdjhdhd

$2,400.00

31-Jul-12 Income Tax Expense

Income Tax Payable

$5,966.00

31-Jul-12 Insurance Expense

Prepaid Insurance

Office Supplies Used for July

$2,400.00

$5,966.00
Reference number 3 and 9 aren't recognized as transactions
under IFRS
Insurance Expense for the month of July

$1,200.00
$1,200.00

Cash
Dr.
Bal
1
2
3
4
6
7
10
12
13
14
18
19

Bal.

Accounts Receivable
Dr.
Cr.

Cr.
20,920
200,000
40,000

Bal
10
15
19

14,400
7,000
9,000
12,000

4
Adjusting

Bal

4,800
72,000
50,000

4,800
48,000
44,000
1,600
10,000
50,000

373,720
285,720

88,000
-

Bal.

Prepaid Insurance
Dr.
Cr.
Bal.

4,800

14,400

76,800
22,000

Lease Expense
Dr.

Cr.

Bal.
4

1,000

Bal.

1,000

1,200

14,400
13,200

54,800

1,200

Accumulated Depreciation
Dr.
Cr.
Bal.

Income Tax Payable

Dr.
Cr.
Bal.

2,083

2,083
2,083

Bal.

5,966

Bal.

Bank Loan
Dr.

Cr.

Bal.
2

Bal.

40,000

40,000
40,000

5,966
5,966

Unearned Revenue
Cr.
4,480
4,480
48,000
40,000

Dr.
Bal.
11
12
17

44,480
Bal.

52,480
8,000

Interest Expense
Dr.
Cr.
Bal.

Bal.

Rent Expense
Dr.

Accounts Payable
Dr.
Cr.
Bal.
1,600
8
100,000
16
8,800

Bal.

Bal.

4,500

Bal.

4,500

2,400

2,400

110,400
110,400

Cr.

Equipment
Dr.
Bal.
8

100,000

Bal.

100,000
100,000

Cr.

Revenue
Dr.

Bal.
13
21

Salaries Expense
Cr.
44,000
44,000

Bal.

88,000

Cr.

Bal.

4,480
72,000
40,000

11
15
17

116,480
116,480

Bal.

Dr.

Legal Expense
Dr.
Bal.
16

Bal.

Cr.

Dr.

8,800

Bal.
22

8,800

Bal.

Utilities Payable
Cr.
2,400

2,400

Prepaid Rent
Dr.

Supplies Expense
Cr.

Bal.
6

4,500

Bal.

4,500
4,500

Dr.
Bal.
20

1,250

Bal.

1,250

Prepaid Lease
Dr.
Cr.
Bal.
4

Cr.

Accrued Utilities
Dr.
Bal.
14

6,000

Cr.
1,600

Bal.

6,000
6,000

Bal.
-

1,600

Interest Payable
Dr.
Cr.
Bal.
3

Bal.
2,400

2,400
2,400

Bal.

Common Shares
Dr.
Cr.
Bal.
14,400
1
200,000

Bal.

Supplies
Dr.
7
20

Bal.

Cr.
2,760
12,000
1,250

14,760
13,510

1,250

Depreciation Expense
Dr.
Cr.
Bal.
8
2,083

214,400
214,400
Bal.

2,083

Salaries Payable
Dr.
Cr.
Bal.
21

44,000

Bal.

44,000
44,000

Retained Earnings
Dr.
Cr.
Bal.
8,000
ADJ
11,080

Bal.

19,080
19,080

Utilities Expense
Dr.
Bal.
22

Bal.

Cr.
2,400

2,400

Income Tax Expense

Dr.
Cr.
Bal.
23
5,966

Bal.

5,966

Insurance Expense
Dr.
Cr.
Bal.
ADJ
1,200

Bal.

1,200

Additional Revenue
Dr.
Cr.
Bal.
18
10,000

Bal.

10,000
10,000

Vandermeer Computer Consultants Ltd.

Trial Balance
As of June 30, 2012

Cash
Accounts Recievable
Prepaid rent
Supplies Expense
Prepaid Insureance
Lease Expense
Prepaid Lease
Accrued Utilities
Accumulated Depreciation
Income Tax Payable
Interest Payable
Supplies
Bank Loan
Unearned Revenue
Common Shares
Deprecition Expense
Interest Expense
Rent Expense
Salaries Payable
Utilities Expense
Accounts Payable
Equipment
Retained Earnings
Income Tax Expense
Revenue
Salaries Expense
Insurance Expensse
Additional Revenue
Legal Expense
Utilities Payable
Total

Debit
285720
22000
4500
1250
13200
1000
6000
1600

Credit

2083
5196
2400
13510
40000
8000
214400
2083
2400
4500
44000
2400
110400
100000
19005
5196
116480
88000
1200
10000
8800
563359

2400
574364

560,330

Vandermeer Computer Consultants Ltd.

Statement of Financial Position
As of July 31st, 2012
Assets
Current Assets
Cash
Supplies
Accounts Recievable

Liabilities and Shareholder's Equity

Short-Term Liabilities
Accounts payable
Salaries Payable
Utilities Payable
Interest payable

285720
13,510
76,800
376,030

Non-Current Assets
Prepaid Expenses
Equipment
less: Accumulated Depreciation

Total Assets

Long-Term Liabilities
25,400 Bank Loan Payable
Uneanered Revenue
100,000
(2,083)

Total Liabilities
97,917 Shareholder's Equity
common shares
Retained Eaning
Total Shareholder Equity
499,347 Total Liabilities and Shareholder's Equity

88,000
44,000
2,400
2,400
136,800

40,000
48,000
88,000
224,800
214,400
19,005
233,405
458,205

Vandermeer Computer Consultants Ltd

Statement of Operations
As of Month Ended July 31st, 2012
Revenues
Sales Revenue
Cost of Goods Sold
Gross Margin

116,480
116,480

Expenses
Interest Expense
Rent Expense
Lease Expense
Salaries Expense
Utilities Expense
Supplies Expense
Legal Expense
Insurance Expense
Total Expense

2,400
4,500
1,000
88,000
2,400
1,250
8,800
1,200
109,550

Additional Revenue
Net Income before Taxes
Tax Expense
Net Income After Taxes

109433.33

10,000
16,930
5,926
11,005

117

17,047
5,966

Vandermeer Computer Consultants Ltd

Statement of Equity
As of Month Ended July 31st, 2012
Retained Earnings at the beginning of the year
Net Income
Dividends
Retained Earnings at the End of Year

8,000
11,005
19,005