Kristine Joie A.

Cuario Grade 12 – HUMSS A

Entrepreneurship

Quarter 2 – Module 8

What I Can Do

Amazing Tea

Date Particulars Debit Credit

Jan 1 Amazing Tea Capital P150,000
Cash P100, 000
Deposit P50,000
Jan 2 Furniture and Fixture P20,000
Cash P20,000
Jan 3 Supplies Expense P10,000
Account Payable P10,000
Jan 4 Equipment 18,000
Account Payable 18,000
Jan 6 Cash P3,000
Sales P3,000
Jan 7 Rent Expenses P2,000
Cash P2,000
Jan 7 Taxes and License P1,500
Cash P1,500
Jan 14 Borrowed Cash P50,000
Amount Payable P50,000
Jan 15 Salaries Expense P7,000
Cash P7,000
Total P261,500 P261,500