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Assignment

The document outlines a series of financial transactions for a café business over the month of March, including initial capital investment, expenses for rent, equipment, ingredients, and staff salaries, as well as sales revenue. It details the cash flow, assets, liabilities, and owner's equity, showing a net income of 100,000,000 VND and an ending owner's capital of 570,000,000 VND. The financial records reflect the café's operational activities and financial position at the end of the month.

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c.diep22062005
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5 views

Assignment

The document outlines a series of financial transactions for a café business over the month of March, including initial capital investment, expenses for rent, equipment, ingredients, and staff salaries, as well as sales revenue. It details the cash flow, assets, liabilities, and owner's equity, showing a net income of 100,000,000 VND and an ending owner's capital of 570,000,000 VND. The financial records reflect the café's operational activities and financial position at the end of the month.

Uploaded by

c.diep22062005
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Date Transaction Description

March 1 Owner invests initial capital in cash


March 2 Rent payment (3 months in advance)
Purchase of café equipment (espresso machines, blenders, juicers)
March 3
March 5 Purchase of ingredients (coffee beans, tea leaves, fruit, milk)
March 7 Hiring staff, paying first month's salaries
March 10 Sales revenue (cash payments)
March 15 Additional purchase of ingredients
March 20 Payment for utilities (electricity, water, internet, tax)
March 25 Sales revenue (credit card payments)
March 31 Owner withdraws personal funds from business
Amount (VND)
500,000,000
150,000,000

120,000,000
50,000,000
60,000,000
90,000,000
40,000,000
10,000,000
80,000,000
30,000,000
Assets
Prepaid Account
Date Cash Inventory Fixed Assets
Expenses Receivable
1/3 +500,000,000
2/3 -150,000,000 +150,000,000
3/3 -120,000,000 +120,000,000
5/3 -50,000,000 +50,000,000
7/3 -60,000,000
10/3 +90,000,000
15/3 -40,000,000 +40,000,000
20/3 -10,000,000
25/3 +80,000,000 +80,000,000
31/3 -30,000,000
Total 210,000,000 90,000,000 120,000,000 150,000,000 80,000,000
Liabilities Equity
Accounts Owner’s
Revenue Expenses
Payable Capital
+500,000,0000

+60,000,000
+90,000,000

+10,000,000
+80,000,000
-30,000,000
- 470,000,000 170,000,000 70,000,000
Date Account Debit
1/3 Cash VND 500,000,000
Owner's Capital
2/3 Prepaid Expenses 150,000,000
Cash
3/3 Fixed Assets 120,000,000
Cash
5/3 Inventory 50,000,000
Cash
7/3 Salaries Expense 60,000,000
Cash
10/3 Cash 90,000,000
Revenue
15/3 Inventory 40,000,000
Cash
20/3 Utilities Expense 10,000,000
Cash
25/3 Cash 80,000,000
Revenue
31/3 Owner's Drawings 30,000,000
Cash
Credit

VND 500,000,000

150,000,000

120,000,000

50,000,000

60,000,000

90,000,000

40,000,000

10,000,000

80,000,000

30,000,000
Cash
Date Description Debit (VND) Credit (VND)
1/3 Owner's equity 500,000,000
2/3 Prepaid expenses 150,000,000
3/3 Fixed assets 120,000,000
5/3 Inventory 50,000,000
7/3 Salaries expense 60,000,000
10/3 Revenue 90,000,000
15/3 Inventory 40,000,000
20/3 Utilities expense 10,000,000
25/3 Revenue 80,000,000
31/3 Owner's drawings 30,000,000
Total 670,000,000 460,000,000
Balance (VND)
500,000,000
350,000,000
230,000,000
180,000,000
120,000,000
210,000,000
170,000,000
160,000,000
240,000,000
210,000,000
Owner's Equity
Date Description Debit (VND) Credit (VND) Balance (VND)
1/3 Initial Investment 500,000,000 500,000,000
31/3 Drawings 30,000,000 470,000,000

Revenue
Date Description Debit (VND) Credit (VND) Balance (VND)
10/3 Sales Revenue 90,000,000 90,000,000
25/3 Sales Revenue 80,000,000 170,000,000

Expenses
Date Description Debit (VND) Credit (VND) Balance (VND)
7/3 Salaries Expense 60,000,000 60,000,000
20/3 Utilities Expense 10,000,000 70,000,000
Account Debit (VND) Credit (VND)
Cash 210,000,000
Inventory 90,000,000
Fixed Assets 120,000,000
Prepaid Expenses 150,000,000
Owner’s Equity 470,000,000
Revenue 170,000,000
Salaries Expense 60,000,000
Utilities Expense 10,000,000
Owner’s Drawings 30,000,000
Total 670,000,000

Item Amount (VND)


Revenue 170,000,000
Expenses:
Salaries Expense 60,000,000
Utilities Expense 10,000,000
Net Income 100,000,000

Item Amount (VND)


Owner's Capital 500,000,000
Add: net income 100,000,000
Less: Owner's Drawings 30,000,000
Owner's Capital (End) 570,000,000
Assets
Item Amount (VND)
Cash 210,000,000
Inventory 90,000,000
Fixed Assets 120,000,000
Prepaid Expenses 150,000,000
Total 570,000,000

Liabilities & Owner's Equity


Item Amount (VND)
Owner's Equity 570,000,000
Liabilities & Owner's Equity 570,000,000

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