PSW1-ACCTG1/IE312

The following transactions transpired during the month of July for SUPER
Barber Shop:
July 2

Mr. Nath opened SUPER Barber shop with the following investments:
Cash
75,000
Powder, lotion, and alcohol valued at
2,500

July 3

Mr. Nath also invested an air conditioning unit valued at P12,

500, of which P5,000 is still owed to ABC Appliances. The
liability is to be assumed by the barber shop.

July 4

Bought a mirror for cash, P3,500

July 5

A barber chair was bought for P6,500 from DEF Store by

P4,500 cash and the balance on account.

paying

July 6

Render service to clients for cash P2,750

July 7

Paid the account due to ABC Appliances dated July 3

July 8

Sent a bill to MNN

employees, P5,000.

July 9

MNN Company made a partial payment of P3,000.

July 10

The owner, Mr. Nath, withdrew P1,000 cash for his personal

July 11

Receipts for the day, P4,000.

July 15

Paid salaries, P2,000.

Company

for

services

ASSSETS
DATE

Cash

Accounts
receivable

Supplies
on hand

Equipment

rendered

LIABILITIE
S
Accounts
payable

to

its

use.

EQUITY
(Investment
,
Withdrawals
,
Revenue,
Expenses)