Exercise 1

Date Description Revenue Expense Balance

2-Jan Received P8,000 for beauty services 8000 8000
6-Jan Buy supplies P5,000 from Jordan's BS 5000 3000
11-Jan Received P12,000 for beauty services 12000 15000
20-Jan Paid electrill bill - P3,000 3000 12000
28-Jan Paid employee salary - P8,000 8000 4000
Received P8,000 for beauty services 8000 12000

Profit and Loss Statement

Revenue 28000
Expenses 5000
3000
8000
16000 16000

Profit 12000
Exercise 2 Profit and Loss Statement

Date Description Revenue Expense Balance

5-Mar Purchase 2 hotdog packs @35/pack 70 -70
6-Mar Purchase 5k pasta @80/k 400
2 boxes cheese @40/box 80 -550
7-Mar Sold 100 servings spaghetti @45 each 4500 3950

Revenue 4500
Expenses 70
400
80
550 550
Profit 3950
Exercise 3 Cash Flow Statement

Date Description Revenue Expenses Balance

5-Mar Purchase 2 packs hotdog @35 70 -70
6-Mar Purchase 5 kilos pasta @80/k 400
2 boxes cheese @40/box 80 -550
7-Mar Sold 100 servings spaghetti @45 4500 3950

Cash In
Revenue 4500
Cash Out
Expenses 70
400
80
550 550
3950