Professional Documents
Culture Documents
Name: ___________________________
Year/Section: _________
Angeles De Guzman is the owner of Isang Bala Ka Lang Company, a security provider business. The
following transactions occurred during the month of October.
October
1 De Guzman transferred cash from a personal account to an account to be used for the
business, P243,000.
3 De Guzman invested in the business personal weapons having a fair market value of
P34,000.
4 Bought communication equipment on account from Pesa Electronics, P13,740.
5 Paid rent for the month, P7,650.
6 Bought a used service vehicle car for P93,000, paying P45,000 down, with the balance
due in thirty days.
9 Paid insurance premium to Cacawa Fidelity Company for bonding employees, P7,710.
12 Performed security services for Loreta Galleries. Billed Loreta for service rendered,
P8,250.
16 Received bill from Marcos Printers for office stationery, P1,757.
17 Billed Pascua Construction for services rendered, P14,790.
22 Paid Regal Shell Service for Gasoline for service vehicle, P720.
24 Performed security services at a fashion jewelry fair. Billed organizers for services
rendered, P17,500.
27 Paid Pesa Electronics P4,500 for the amount owed.
29 Received P8,250 from Loreta Galleries in full payment of account.
30 Billed Merchant Bank for services rendered, P21,600.
31 Received and paid telephone bill, P1,030.
31 Paid salaries to employees, P31,500.
31 De Guzman withdrew cash for personal use, P18,000.
Required: