INN CAFÉ

DATE TRANSACTIONS
2020
January 5 1. Purchased food ingredients from Gaisano Metro on account for
P25,000
2. Purchased beverages from Savemore for P10,000 cash
3. Purchased office supplies from Cebu Educational Supply for P10,000
cash
4. Incurred freight for the transport of the goods from the store worth
P1,000
January 15 5. Paid the food ingredients purchased last year to Gaisano Metro for
P25,000
February 1 6. Sold 50 slices of cheese pizza worth P23 per slice
7. Sold 20 glasses of iced tea for P15 each
March 2 8. Paid Gaisano Metro for goods purchased last January 1, 2020
March 15 9. Recorded allowance payable to be distributed to Tourism Interns at
the end of the month for P10,000
March 31 10. Distributed allowance of the Tourism Interns for P10,000
11. Paid freight for transporting the ingredients from the Store worth
P500
April 18 12. Sold idle furniture for P3,000
May 20 13. Sold 12 bottles of C2 for P25 each
14. Sold 20pcs of oatmeal cookie for P40 each
June 21 15. Paid the promissory note made by the Café worth P10,000 cash for
tables and chairs purchased last month to EJK Hardware with
interest of 5% on the face amount on the note*
July 23 16. Incurred expenses for the monthly examination of the kitchen
equipment for P2,000
August 25 Sold 25pcs of choco brownie worth P40 each and 18 serves of spaghetti
bolognese worth P90 each
September 26 17. Purchased beverages worth P5,000 from Savemore
October 28 Incurred expenses to repair the damaged oven for P5,000
December 1 18. Sold 20 serves of water for P20 each
19. Purchased new set of tables and chairs from ABC Hardware for
P15,000 with a promissory note 2/15, n/60 with interest of 5%
December 30 20. Paid water and electricity bills incurred the month for P2,000
21. Purchased additional office supplies from Cebu Educational Supply,
P2,500 on account
December 31 22. Depreciated the kitchen equipment in a straight line basis for P2500
a year
23. Depreciated the furniture and fixtures for P500 every month,
straight line basis