Professional Documents
Culture Documents
Angel Luca S
Financial Transactio
For the month of J
Assets
Transactions Cash +
1. Set up a beauty salon and 200,000
deposited P200,000 cash
in the bank for use of the
business.
2. Paid rent for P10,000. (10,000)
3. Purchased equipment on
account for P100,000.
4. Purchased furniture and
fixtures on account for
P30,000.
5. Purchased P40,000 (40,000)
worth of supplies.
6. Received P30,000 for 30,000
make-up and rebonding.
services.
7. Paid utility bills for P9,000. (9,000)
8. Paid partially P20,000 for (20,000)
equipment purchsed on
account
9. Paid salaries of workers for (20,000)
P20,000.
10.Received P60,000 for 60,000
a service contract
11. Luca withdrew P10,000 (10,000)
from the business.
181,000 +
Angel Luca Salon
Financial Transaction Worksheet
For the month of July, 2019
100,000 100,000
30,000 30,000
40,000
(20,000)
40,000 + 30,000 + 100,000 = 110,000 +
351,000 = 351,000
Points
1
1
1
Owner's Equity
Luca.
Capital
200,000 INV 3
(10,000) E 3
2
30,000 I 3
(9,000) E 3
2
(20,000) E 3
60,000 I 3
(10,000) W 3
241,000 6
2
40