Zero Manufacturing Business

Cebu City

DATE PARTICULARS

3/1/2023 Initial cash investment into the business

1/1/2000 Purchased raw materials on credit
3/3/2023 Sale of goods on credit to a customer
3/4/2023 Transfer of raw materials to the production process
3/5/2023 Paid wages to employees for direct labor
3/6/2023 Received cash from a customer for sales revenue
3/7/2023 Incurred manufacturing overhead costs
3/8/2023 Completed production and transferred goods to work-in-progress inventory
3/9/2023 Paid suppliers for packaging materials
3/10/2023 Prepaid expenses for utilities
3/11/2023 Purchased property, plant, and equipment on credit
3/12/2023 Recorded accumulated depreciation on property, plant, and equipment
3/13/2023 Received advances from customers for future orders
3/14/2023 Paid accrued expenses for salaries and wages
3/15/2023 Obtained short-term loan from a bank
3/16/2023 Paid long-term loan installment
3/17/2023 Accrued taxes payable
3/18/2023 Recorded shareholders' equity
3/19/2023 Recorded retained earnings (appropriated)
3/20/2023 Recorded retained earnings (unappropriated)
3/21/2023 Issued shares of common stock for cash
3/22/2023 Recorded sales return from a customer
3/23/2023 Incurred direct materials cost
3/24/2023 Purchase of intangible assets for business expansion
3/25/2023 Paid rent for the manufacturing facility
3/26/2023 Incurred utilities expense
3/28/2023 Paid for advertising and marketing expenses
3/29/2023 Incurred packaging expense
3/30/2023 Paid for freight and shipping expenses
3/31/2023 Recorded depreciation expense on property, plant, and equipment
6/1/2023 Paid taxes and licenses
6/2/2023 Incurred interest expense
6/3/2023 Paid advances to suppliers for future purchases
6/5/2023 Purchased packaging materials on credit for inventory
6/6/2023 Incurred salaries and wages expense for employees
6/7/2023 Cash investment into the business
6/8/2023 Cash sales of finished goods
6/9/2023 Payment to employees for their direct labor in the production process
6/10/2023 Completion of goods in the production process
6/11/2023 Cash payment for dividends
6/12/2023 Sold finished goods on credit to a customer
6/13/2023 Paid for freight and shipping expenses related to sales
6/14/2023 Received cash payment from a customer for an outstanding accounts receivable
6/15/2023 Issued additional shares of common stock for cash
6/16/2023 Received cash from a customer for sales revenue
6/17/2023 Purchased additional inventory cash
6/18/2023 Declared and paid dividends to shareholders
6/19/2023 Cash investment into the business
TOTAL
 1000 1010 1020 1030 1040
REF#
Cash Accounts Receivable
Inventory - Raw Materials
Work-in-Progress Inventory
Advances to Suppliers
1 900,000.00
2 500,000.00
3 300,000.00
4 (500,000.00) 500,000.00
5 (150,000.00)
6 1,200,000.00
7 (185,000.00)
8 (450,000.00)
9 (140,000.00)
10 (150,000.00)
11
12
13 430,000.00
14 (100,000.00)
15 350,000.00
16 (500,000.00)
17
18 6,245,000.00
19 230,000.00
20 600,000.00
21 2,000,000.00
22 (30,000.00)
23 (120,000.00)
24 (470,000.00)
25 (100,000.00)
26 (85,000.00)
27 (20,000.00)
28 (50,000.00)
29 (65,000.00)
30
31 (150,000.00)
32 (65,000.00)
33 (150,000.00) 120,000.00
34
35 (35,000.00)
36 1,000,000.00
37 50,000.00
38 (500,000.00)
39 (50,000.00)
40 (100,000.00)
41 400,000.00
42 (100,000.00)
43 300,000.00 (300,000.00)
44 650,000.00
45 320,000.00
46 (150,000.00) 120,000.00
47 (300,000.00)
48 330,000.00
10,920,000.00 370,000.00 120,000.00 - 120,000.00
 1050 1060 1070 1080 1090
Finished Goods Inventory
Packaging Materials Inventory
Prepaid Expenses
Property, Plant, and Equipment
Accumulated Depreciation

450,000.00

130,000.00
450,000.00
(45,000.00) 45,000.00

(10,000.00)

180,000.00

40,000.00
490,000.00 180,000.00 130,000.00 405,000.00 35,000.00
 1100 1110 2000 2100 2110
Intangible Assets Investments Accounts Payable Advances
(A/P) from Customers
Accrued Expenses

(600,000.00)

(450,000.00)

(275,000.00)
75,000.00

470,000.00

(165,000.00)

500,000.00
 100,000.00

970,000.00 - (1,115,000.00) (275,000.00) 75,000.00

 2120 2130 2140 3000 3010
Short-Term Loans Payable
Long-Term Loans PayableTaxes Payable Shareholders'Retained
Equity Earnings (Appropriated)
(1,500,000.00)

(150,000.00)
500,000.00
(125,000.00)
(6,045,000.00)
(230,000.00)
(150,000.00) 500,000.00 (125,000.00) (7,545,000.00) (230,000.00)
 3020 3030 4130 4140 5120
Retained Earnings (Unappropriated)
Share Capital Sales Revenue Sales Return Direct Materials

(500,000.00)

(1,500,000.00)

(600,000.00)
(2,000,000.00)
20,000.00
100,000.00

(1,000,000.00)
(50,000.00)

100,000.00
 (500,000.00)

(650,000.00)
(320,000.00)

300,000.00
(330,000.00)
(200,000.00) (3,650,000.00) (2,870,000.00) 20,000.00 100,000.00
 5130 5140 6020 6030 6040
Direct Labor Manufacturing Overhead
Salaries and Wages Expense
Rent Expense Utilities Expense

200,000.00

175,000.00

100,000.00
85,000.00

35,000.00
200,000.00 175,000.00 35,000.00 100,000.00 85,000.00
 6050 6060 6070 6080 6090
Advertising and Marketing Expense
Packaging Expense
Freight and Shipping Expense
Depreciation Expense
Taxes and Licenses Expense

120,000.00

125,000.00

20,000.00
50,000.00
65,000.00
10,000.00
150,000.00
20,000.00 170,000.00 65,000.00 10,000.00 275,000.00
 6100
BALANCING FIGURE
Interest Expense
(600,000.00)
(100,000.00)
(200,000.00)
-
50,000.00
(300,000.00)
(10,000.00)
-
(20,000.00)
(20,000.00)
-
-
155,000.00
(25,000.00)
200,000.00
-
-
200,000.00
-
-
-
(10,000.00)
(20,000.00)
-
-
-
-
-
-
-
-
65,000.00 -
(30,000.00)
15,000.00
-
-
-
-
(10,000.00)
-
 (100,000.00)
-
-
-
-
(30,000.00)
-
-
65,000.00 (855,000.00)