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    Florante De Leon
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    Helen Ruiz established a business to manage rental properties on April 1, 2017. She deposited P100,000 of personal funds into a business bank account. Throughout the month, she purchased supplies, received fees from managing properties, paid various business expenses like rent and accounts, billed property owners, withdrew cash for personal use. The document provides a financial worksheet of transactions for Helen Ruiz's new property management business in April 2017.

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    Helen Ruiz established a business to manage rental properties on April 1, 2017. She deposited P100,000 of personal funds into a business bank account. Throughout the month, she purchased supplies, received fees from managing properties, paid various business expenses like rent and accounts, billed property owners, withdrew cash for personal use. The document provides a financial worksheet of transactions for Helen Ruiz's new property management business in April 2017.

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    28 views1 page

    Name: - Score: - Q5

    Uploaded by

    Florante De Leon
    Helen Ruiz established a business to manage rental properties on April 1, 2017. She deposited P100,000 of personal funds into a business bank account. Throughout the month, she purchased supplies, received fees from managing properties, paid various business expenses like rent and accounts, billed property owners, withdrew cash for personal use. The document provides a financial worksheet of transactions for Helen Ruiz's new property management business in April 2017.

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    © All Rights Reserved
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    Name: ___________________________________ Score:_________________

    Q5

    Financial Transaction Worksheet

    On April 1, 2017, Helen Ruiz established a business to manage rental properties. She completed the following transactions
    during the month:

    a. Opened a business bank account with a deposit of P100,000 from personal funds.
    b. Purchased supplies on account P11,500
    c. Received cash on fees earned for managing rental property, P45,000
    d. Paid rent on office and equipment for the month, P25,000
    e. Paid some accounts amounting to P6,750 (refer to item b)
    f. Billed property owners for fees earned for managing rental property, P32,500
    g. Paid telecommunications expenses for the month, P9,800 and other expense P7,750
    h. Paid office salaries, P15,000
    i. Determined that the cost of supplies on hand was P2,150
    j. Withdrew cash for personal use, P10,000.

    SUBSIDIZED TECHNICAL EDUCATION PROGRAM (STEP), Inc.


    2nd & 3rd Floor, Sajite-Atdrmam Bldg. National Road, Brgy. Uno, Calamba City, Laguna
    Tel. No.: (049) 545-0968 / 545-0805 - Email Address: stepinstitute2016@gmail.com

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