DATE ASSETS

TRANSACTION
March. ACCOUNTS PREPAID
2013 CASH + RECEIVABLE + SUPPLIES + INSURANCE
Sarabia deposited in a bank
A account 165,000.00
B Bought a service vehicle (25,000.00)
C Bought catering equipment
Paid rent
D (6,200.00)
E Rendered catering service for the 24,200.00
F Bought supplies (1,800.00) 1,800.00
Bought insurance for service
G vehicle (4,000.00) 4,000.00
H Received and paid the utilities (6,040.00)
I Received bill from gas and oil
J Rendered catering service 28,240.00
Catering service remainder of
K the month 25,200.00
Paid salaries of the part time
L assistants (11,200.00)
M Sarabia withdrew cash (15,500.00)
BALANCES 144,660.00 28,240.00 1,800.00 4,000.00
TOTAL ASSETS 402,100.00
-
S = LIABILITIES + OWNER'S EQUITY
SERVICE SARABIA's,
+ VICHLECS + EQUIPMENT = ACCOUNTS PAYABLE + CAPITAL

= 165,000.00
194,900.00 = 169,900.00
28,500.00 = 28,500.00
=
=
=

=
=
= 6,080.00
=

=
= (15,500.00)
194,900.00 28,500.00 204,480.00 149,500.00
TOTAL LIABILITIES
AND OWNER'S 402,100.00
EQUITY
204,480.00
OWNER'S EQUITY TRANSACTION
INCOME TYPE
(EXPENSES)

Invesment

(6,200.00) Rent Expense

24,200.00 Revenue/ Income

(6,040.00) Utilities Expense

(6,080.00) Gas and Oil Expense
28,240.00 Revenue/ Income

25,200.00 Revenue/ Income

(11,200.00) Salaries Expense

Withdrawal
48,120.00
DATE ASSETS = LIABILITIES
TRANSACTION
JULY 1 ACCOUNTS
2013 CASH + EQUIPMENT = PAYABLE +
A Manalo invested cash 150,000.00 =
B Paid office rent (11,000.00) =
C Bought supplies (2,750.00) =

D Bought professional equipment 142,000.00 = 142,000.00

E Bought office equipment (8,700.00) 18,700.00 = 10,000.00
F Performed personal service 32,800.00 =
G Paid account (5,000.00) = (5,000.00)
H Receive and paid the bill (2,830.00) =
I Paid salaries (10,000.00) =
J Performed personal service 37,250.00 =
Manalo withdrew cash for
K personal use (16,000.00) =
CLOSING BALANCES 163,770.00 160,700.00 147,000.00
TOTAL ASSETS 324,470.00 TOTAL LIABILITIES AND
OWNER'S EQUITY
 LIABILITIES OWNER'S EQUITY TRANSACTION
NOTES MANALO, INCOME TYPE
PAYABLE + CAPITAL (EXPENSES)
150,000.00 Invesments
(11,000.00) Rent Expenses
(2,750.00) Salaries Expenses

32,800.00 Revenue Income

(2,830.00) Utilities Expenses

(10,000.00) Salaries Expense
37,200.00 Revenuel Income

(16,000.00) Withdrawal
177,470.00
OTAL LIABILITIES AND 324,470.00
OWNER'S EQUITY
DATE ASSETS

TRANSACTION
JULY 1
2013 PREPAID
ACCOUNT INSURANC
CASH + RECEIVABLE + SUPPLIES + E +
1 Owner invested cash 146,200.00

B Bought Photography equipment

Inverted personal photography
C equipment
Paid office rent (5,500.00) 5,500.00
E Bought Photography supplier (7,960.00) 7,960.00
Paidpremium for insurance
cover an photography
F equipment (1,240.00) 1,240.00
G Profossional fees 8,960.00

H Paid salary of part time assistant (6,000.00)

Received and paid bill for
I telephone service (640.00)
J Paid canon equipment (4,200.00)
K Profossional fees 15,480.00
Paid for minor repair (760.00)
Owner withdraw cash (9,600.00)
CLOSING BALANCES 134,740.00 - 7,960.00 6,740.00
TOTAL ASSETS 272,270.00
 = LIABILITIES OWNER'S EQUITY

PHOTOGRAP INVESTMENT
HY ACCOUNTS VICTORINO, WITH
EQUIPMENT = PAYABLE + CAPITAL REVENUE EXPENSES WITHDRAWALS
= 146,200.00 146,200.00

71,210.00 = 71,210.00

51,620.00 = 51,620.00 51,620.00

=
=

=
= (4,200.00) 8,960.00

= (6,000.00)

= (640.00)
=
= 15,480.00
(760.00)
(9,600.00) 9,600.00
122,830.00 67,010.00 188,220.00 24,440.00 (7,400.00)
TOTAL LIABILITIES AND 272,270.00
OWNER'S EQUITY
DATE ASSETS
TRANSACTION
JULY 1
2013 ACOUNT
CASH + RECEIVALBLE + FURNITURE + EQUIPMENT
A Campany invested 300,000.00
B borrows company 100,000.00 40,000.00
C Purchased furiture (20,000.00)
D Company pays back (60,000.00)
E Transfer equipment 120,000.00
F Equipment sold 40,000.00 20,000.00 (60,000.00)
G Owner's withdrawals (30,000.00)
BALANCES 330,000.00 20,000.00 40,000.00 60,000.00
TOTAL ASSETS 450,000.00
= LIABILITIES OWNER'S EQUITY

ACCOUNTS NOTES
= PAYABLE + PAYABLE + CAPITAL
= 300,000.00
= 100,000.00
= 20,000.00
= (60,000.00)
= 120,000.00
=
(30,000.00)
450,000.00
TOTAL LIABILITIES AND
OWNER'S EQUITY
20,000.00 40,000.00
Transaction 1
DATE ACCOUNT TITLE DR CREDIT
Mar/13
A CASH 165,000.00
DR. SARABIA, CAPITAL 165,000.00
To record investment

B SERVICE VEHICLES 194,900.00

CASH 25,000.00
ACCOUNT PAYABLE 169,900.00
To record bought service vichicle on cash and placing the balance on account.

C CATERING EQUIPMENT 28,500.00

ACCOUNT PAYABLE 28,500.00
To record bought catering equipment on account

D RENT EXPENSE 6,500.00

CASH 6,500.00
To record rent for the month

E CASH 24,000.00
CATERING SERVICE REVENUE 24,000.00
To record rendered catering service for cash for the half month

F SUPPLIES 1,800.00
CASH 1,800.00
To record bought supplies

G PREPAID INSURANCE 4,000.00

CASH 4,000.00
To record bought insurance for one year

H UTILITIES EXPENSE 6,040.00

CASH 6,040.00
To record utilities bill

I GAS AND OIL EXPENSE 6,080.00

GAS AND OIL PAYABLE 6,080.00
To record received bill and used by service vichicle for the month

J ACCOUNT RECEIVABLE 28,240.00

CATERING SERVICE REVENUE 28,240.00
To record rendered service on account

K CASH 25,200.00
CATERING SERVICE REVENUE 25,200.00
To record performed catering service for the remainder of the month

L SALARIES EXPENSE 11,200.00

CASH 11,200.00
 To record paid salaries

M SARABIA, WITHDRAWAL 15,500.00

CASH 15,500.00
To record Sarabia withdrewvcash for personal used.
 Participated
Yes/No
Leader: Princess Jane Deramos yes
Members: Quenne Yvette Cosico yes
Krizia Angel Dela Cruz yes
Hazel Celis yes
Michelle Casapao yes
Ram Christopher Dalwampo yes
John Aloysius Dalwampo yes
Kate Ann Claveria yes
Bea Comia yes
Ellysa Marie Devilla yes
Xynor Cortez no
(Name)