AGRIB-111: PRINCIPLES OF ACCOUNTING

ACTIVITY No. 3.1

EFFECTS OF FINANCIAL TRANSACTIONS

KHAPIE PASTIES BROILER ENTERPRISE

FIRST CYCLE
MAY 08 TO JUNE 29, 2019

DATE
TRANSACTIONS EFFECTS
2019
May 8 The entrepreneur invested a start-up capital amounting to
P6,100.00. Increase in Cash Increase in KHAPIE
Assets Owner’s PASTIES
Equity Capital
8 Incurred farm supplies from Aileen’s Stores Guinobatan Decrease in Inventory – Increase in KHAPIE
Public Market such as two (2) packs of powdered soap @ Assets Farm Supplies Assets PASTIES
P5.00 per pack with a total cost of P10.00 per D.R. No.01. Cash

May
11 Paid in advance half of the rental fee of the poultry house Decrease in Expense-Rent Increase in KHAPIE
to Mrs. Veno Rica worth P400.00 per D.R.No.02. Assets (Poultry Assets PASTIES
House/Hog Expense
May Shed/Land)
17 Purchased office supplies from Guinobatan Commercial Inventory Increase in
Center (GCC) such as one (1) pack of journal (15 sheets) Decrease in -Office Assets KHAPIE
@ P10.00, one (1) pack of ledger (20 sheets) @ P12.25, Assets Supplies PASTIES
one (1) piece notebook @ P10.00, and one (1) piece Inventory
ballpen @ P6.00 with a total cost of P38.25 per Sales
May Invoice No. 276804.
17 Purchased farm supplies from Pardinas Trading Decrease in Inventory Increase in KHAPIE
Guinobatan, Albay such as two (2) pieces 50 watt bulbs Assets -Farm Assets PASTIES
@ P45.00 per piece worth P90.00 per Sales Invoice No. Supplies Inventory
58708.

May
17 Purchased veterinary drugs from DAN-KE Trading Decrease in Inventory – Increase in KHAPIE
May

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Guinobatan, Albay such as 14 packs of Doxycycline @ Assets Veterinary Assets PASTIES

P20.50 per pack with a total cost of P287.00 per Sales Drug Supplies Inventory
Invoice No. 8309.

DATE
TRANSACTIONS EFFECTS
2019
May 17 Purchased feeds from DAN-KE Trading Guinobatan, Decrease in Inventory - Increase in KHAPIE
Albay such as one (1) sack B-MEG Integra 1000 worth Assets Veterinary Assets PASTIES
P1,386.00 and veterinary drugs such as 0.50 kilogram of Drug & Feeds Inventory
Chlortetracycline (CTC) @ P300.00 per kg worth P150.00 Supplies
and one (1) pack Electrolytes worth P8.50 with a total
cost of P1,544.50 per Sales Invoice No. 29253.
17 Purchased farm supplies from Aileen’s Stores Guinobatan Decrease in Inventory - Increase in KHAPIE
Public Market such as three (3) kilograms of newspaper Assets Farm Supplies Assets PASTIES
@ P25.00 per kg worth P75.00 and two (2) bottles of Inventory
Benzalkonium Chloride @ P5.00 per bottle worth P10.00
with a total cost of P85.00 per D.R. No. 03.
May
17 Paid transportation cost worth P50.00 per D.R.No.04. Decrease in Expenses - Increase in
Assets Transportation Expenses KHAPIE
PASTIES
Expenses
May
19 Purchased stocks from DAN-KE Trading Guinobatan, Decrease in Inventory – Increase in KHAPIE
Albay such as 100 Hubbard broilers @ P34.00 per stock Assets Stocks Assets PASTIES
worth P3,400.00 per Sales Invoice No. 11013. Inventory

May
19 Inventory-veterinary drugs such as one (1) pack of Decrease in Inventory – Increase in
Electrolytes worth P8.50 per Sales Invoice No. 29253 was Assets Veterinary Assets KHAPIE
all consumed. Drugs PASTIES
May Supplies Inventory
May 20 Decreased in inventory-stocks worth P34.00 due to Decrease in Inventory - Increase in

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mortality of one (1) brolier. Assets Stocks Expenses KHAPIE

PASTIES
Inventory

25 Decreased in inventory-stocks worth P34.00 due to Decrease in Inventory - Increase in

mortality of one (1) brolier. Assets Stocks Expenses KHAPIE
PASTIES
Inventory

May
DATE
TRANSACTIONS EFFECTS
2019
May 26 Purchased veterinary drugs from DAN-KE Trading Decrease in Inventory - Increase in KHAPIE
Guinobatan, Albay such as three (3) packs of Vetracin Assets Veterinary Assets PASTIES
Gold @ P22.00 per pack worth P66.00 per Sales Invoice Drug Supplies Inventory
No. 29266.

28 The entrepreneur invested additional capital from owner’s

equity amounting to P1,000.00. Increase in Cash Increase in KHAPIE
Assets Owner’s PASTIES
May Equity Capital
28 Purchased feeds from DAN-KE Trading Guinobatan, Decrease in Inventory Increase in KHAPIE
Albay such as 35 kilograms of B-MEG Integra 1000 @ Assets -Feeds Assets PASTIES
P31.00 per kg worth P1,085.00 per Sales Invoice No. Supplies Inventory
28370.

May
28 Inventory-veterinary drugs such as three (3) packs of Decrease in Inventory – Increase in
Vetracin Gold worth P66.00 per Sales Invoice No. 29266 Assets Veterinary Assets KHAPIE
was all consumed. Drugs PASTIES
May Supplies Inventory
May 30 Inventory-feeds such as one (1) sack of B-MEG Integra Decrease in Inventory – Increase in
1000 worth P1,386.00 per Sales Invoice No. 29253 was Assets Feeds Assets KHAPIE

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all consumed. Supplies PASTIES

Inventory
30 Inventory-farm supplies such as three (3) kilograms of Decrease in Inventory Increase in
newspapers worth P75.00 per D.R. No. 03 was all Assets Farm Supplies Assets KHAPIE
consumed. PASTIES
May Inventory
June 6 The entrepreneur invested additional capital from owner’s
equity amounting to P3,100.00. Increase in Cash Increase in KHAPIE
Assets Owner’s PASTIES
Equity Capital
6 Purchased feeds from DAN-KE Trading Guinobatan, Decrease in Inventory - Increase in KHAPIE
Albay such as two (2) sacks B-MEG Integra 2000 @ Assets Feeds Assets PASTIES
P1,356.00 per sack worth P2,712.00 per Sales Invoice Supplies Inventory
No. 28385.

DATE
TRANSACTIONS EFFECTS
2019
June 6 Paid transportation cost worth P30.00 per D.R. No. 05. Decrease in Expenses Increase in
Assets -Transportatio Expenses KHAPIE
n PASTIES
Expenses

6 Inventory-feeds such as 35 kilograms B-MEG Integra Decrease in Inventory Increase in

1000 feeds worth P1,085.00 per Sales Invoice No. 28370 Assets -Feeds Assets KHAPIE
was all consumed. Supplies PASTIES
Inventory
9 Inventory-veterinary drugs such as 14 packs of Decrease in Inventory – Increase in
Doxycycline worth P287.00 per Sales Invoice No. 8309 Assets Veterinary Assets KHAPIE
was all consumed. Drugs PASTIES
Supplies Inventory
14 The entrepreneur invested additional capital from owner’s
equity amounting to P1,819.75. Increase in Cash Increase in KHAPIE
Assets Owner’s PASTIES
Equity Capital

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14 Purchased feeds from DAN-KE Trading Guinobatan, Decrease in Inventory - Increase in KHAPIE
Albay such as one (1) sack worth P1,356.00 and 22.50 Assets Feeds Assets PASTIES
kilograms @ P30.00 per kg worth P675.00 B-MEG Supplies Inventory
Integra 2000 worth P2,031.00 per Sales Invoice No.
29274.

14 Paid transportation cost worth P20.00 per D.R.No.06 Decrease in Expenses - Increase in
Assets Transportation Expenses KHAPIE
PASTIES
Expenses

14 Inventory-veterinary drugs such 0.50 kilogram Decrease in Inventory – Increase in

Chlotretracycline (CTC) worth P150.00 per Sales Invoice Assets Veterinary Assets KHAPIE
No. 29253 was all consumed. Drugs PASTIES
Supplies Inventory
16 Inventory-farm supplies such as two (2) bottles of Decrease in Inventory Increase in
Benzalkonium Chloride worth P10.00 per D.R. No. 03 Assets -Farm Assets KHAPIE
was all consumed. Supplies PASTIES
Inventory
DATE
TRANSACTIONS EFFECTS
2019
June 16 Inventory-feeds such as two (2) sacks B-MEG Integra Decrease in Inventory Increase in
2000 feeds worth P2,712.00 per Sales Invoice No. 28385 Assets -Feeds Assets KHAPIE
was all consumed. Supplies PASTIES
Inventory
20 Sold on cash basis with a total of 33.40 kilograms Increases Sales – Increases
dressed chicken (29 broilers) @ P130.00 per kilogram Assets Broilers Revenue KHAPIE
with total sales of P4,342.00 per Sales Invoice Nos. 01 to (Dressed PASTIES
10. chicken) Sales

20 Sold on credit basis with a total of 17.80 kilograms Increases Accounts Increases
dressed chicken (16 broilers) @ P130.00 per kilogram Assets Receivable Revenue KHAPIE
with total sales of P2,314.00 per Sales Invoice Nos. 11 to PASTIES
12. Accounts

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Receivable

20 Sold on credit basis with a total of 6.10 kilograms of Increases Account Increases
entrails and other body parts with total sales of P516.00 Assets Receivable Revenue KHAPIE
per Sales Invoice Nos. 13 to 15. PASTIES
Accounts
Receivable

20 Sold on cash basis with a total of 2.95 kilograms of Increases Sales – Increases
entrails and other body parts with total sales of P283.50 Assets Entrails and Revenue KHAPIE
per Sales Invoice Nos.16 to 17. other body PASTIES
parts Sales

20 Incurred marketing expense from Aileen’s Stores Decrease in Expenses - Increase

Guinobatan Public Market such as two (2) pieces of Assets Marketing Assets KHAPIE
Ecobag (big) @ P00.00 per piece worth P40.00 and one PASTIES
(1) pack plastic bag worth P10.00 with a total cost of Marketing
P50.00 per D.R.No.07. Expenses
20 Incurred marketing expense such as load worth P21.00 Decrease in Expenses - Increase
per D.R. No.08. Assets Marketing Assets KHAPIE
PASTIES
Marketing
Expenses
DATE
TRANSACTIONS EFFECTS
2019
June 20 Incurred marketing expense worth P100.00 for the Decrease in Expenses - Increase
delivery of dressed chicken to their respective buyers per Assets Marketing Assets KHAPIE
D.R. No. 09. PASTIES
Marketing
Expenses
20 Decreased in inventory-stocks @ P34.00 per stock worth Decrease in Inventory - Increase in
P1,530.00 due to sales of 45 broilers Assets Strocks Expenses KHAPIE
PASTIES
Inventory

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21 Inventory-feeds such as one (1) sack and 22.50 kilograms Decrease in Inventory Increase in
of B-MEG Integra 2000 worth P2,031.00 per Sales Assets -Feeds Assets KHAPIE
Invoice No. 29274 was all consumed. PASTIES
Inventory
22 Sold on cash basis with a total of 11.50 kilograms Increases Sales – Increases
dressed chicken (10 broilers @ P130.00 per kilogram with Assets Broilers Revenue KHAPIE
total sales of P1,495.00 per Sales Invoice Nos. 18 to 23. (Dressed PASTIES
chicken) Sales

22 Sold on credit basis with a total of 45.85 kilograms Increases Account Increases
dressed chicken (42 broilers) @ P130.00 per kilogram Assets Receivable Revenue KHAPIE
with total sales of P5,960.50 per Sales Invoice Nos. 24 to PASTIES
36. Account
Receivable

22 Sold on cash basis with a total of 1.40 kilograms live Increases Account Increases
weight chicken (1 broiler) @ P110.00 per kilogram with Assets Receivable Revenue KHAPIE
total sales of P154.00 per Sales Invoice No.37. PASTIES
Account
Receivable

22 Sold on cash basis with a total of 7.90 kilograms of Increases Sales – Increases
entrails and other body parts with total sales of P664.50 Assets Entrails and Revenue KHAPIE
per Sales Invoice Nos. 38 to 42. other body PASTIES
parts Sales

DATE
TRANSACTIONS EFFECTS
2019
June 22 Incurred marketing expense from Aileen’s Stores Decrease in Expenses - Increase
Guinobatan Public Market such as one (1) pack plastic Assets Marketing Assets KHAPIE
bag worth P10.00 per D.R.No.10. PASTIES

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Marketing
Expenses
22 Decreased in inventory-stocks @ P34.00 per stock worth Inventory - Increase in KHAPIE
P1,802.00 due to sales of 53 broilers. Decrease in Stocks Expenses PASTIES
Assets Inventory

22 Paid the caretaker and the hired laborer as labor fee for Decrease in Expenses - Increases in
dressing 97 broilers @ P5.00 per broiler with a total cost Assets Labor Expenses KHAPIE
of P485.00 per D.R. No. 11 to 12. PASTIES
Expenses

22 Paid the caretaker as labor fee for 35 days @ P30.00 per Decrease in Expenses - Increases in
day worth P1,050.00 per D.R.No.13. Assets Labor Expenses KHAPIE
PASTIES
Expenses

22 Collection of accounts receivable worth P993.50 per Increases Account Increases

Sales Invoice No.12. Assets Receivable Revenue KHAPIE
PASTIES
Account
Receivable

22 Sold five (5) empty sacks @ P10.00 per sack with total Increases Other Sales Increases
sales of P50.00 per Sales Invoice No. 43. Assets Revenue KHAPIE
PASTIES
Other Sales

26 Collection of accounts receivable worth P3,435.50 per Increases Account Increases

Sales Invoice Nos. 11, 13, 14, 15, 25, 27, 29, 30, 31, 35. Assets Receivable Revenue KHAPIE
PASTIES
Account
Receivable

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DATE
TRANSACTIONS EFFECTS
2019
June 27 Collection of accounts receivable worth P2,489.50 per Increases Account Increases
Sales Invoice Nos. 24, 33, 34, 36. Assets Receiveable Revenue KHAPIE
PASTIES
Account
Receivable

29 Collection of accounts receivable worth P2,312.00 per Increases Account Increases

Sales Invoice Nos. 26, 28, 32, 37. Assets Receiveable Revenue KHAPIE
PASTIES
Account
Receivable

29 Paid the remaining balance of the poultry house rental to Decrease in Expense- Increase in
Mrs. Veno Rica of amounting to P400.00 per D.R. No.14. Assets Rent (Poultry Expenses KHAPIE
House/Hog PASTIES
Shed/Land) Expenses

29 Incurred pre-paid – rent worth P400.00 Decrease in Prepaid-Rent Increase

Assets (Poultry Assets KHAPIE
House/Hog PASTIES
Shed/Land) Expenses
22 Paid the entrepreneur as management fee worth Decrease in Management Increase in
P1,000.00 per D.R.No.15. Assets fee Expenses KHAPIE
PASTIES
Expenses

29 Inventory-farm supplies such as two (2) pieces 50 watt Decrease in Inventory Increase in
bulb worth P45.00 was consumed. Assets -Farm Assets KHAPIE
Supplies PASTIES
Inventory
29 Inventory-office supplies such as one (1) pack journal Decrease in Inventory Increase in
sheets, one (1) pack ledger sheets, one (1) piece Assets -Office Assets KHAPIE
notebook and one (1) piece ballpen worth P38.25 was all Supplies PASTIES

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consumed. Inventory

KHAPIE PASTIES BROILER ENTERPRISE

SECOND CYCLE
JULY 03 TO AUGUST 19, 2019

DATE
TRANSACTIONS EFFECTS
2019
July 3 Incurred farm supplies from Aileen’s Stores Guinobatan Decrease in Inventory – Increase
Public Market such as two (2) packs of powdered soap @ Assets Farm Assets KHAPIE
P5.00 per pack with a total cost of P10.00 per D.R. Supplies PASTIES
No.16. Farm supplies
Inventory
5 Purchased office supplies from Guinobatan Commercial Decrease in Inventory Increase in KHAPIE
Center (GCC) such as one (1) pack of journal (15 sheets) Assets -Office Assets PASTIES
@ P10.00, one (1) pack of ledger (20 sheets) @ P12.25, Supplies Inventory
one (1) piece notebook @ P10.00, and one (1) piece
ballpen @ P6.00 with a total cost of P38.25 per D.R.
No.17.
5 Purchased veterinary drugs from DAN-KE Trading Decrease in Inventory – Increase in KHAPIE
Guinobatan, Albay such as 14 packs of Doxycycline @ Assets Veterinary Assets PASTIES
P20.50 per pack with a total cost of P287.00 per Sales Drug Supplies Inventory
Invoice No. 8443.

5 Purchased farm supplies from Aileen’s Stores Decrease in Inventory – Increase in KHAPIE
Guinobatan Public Market such as three (3) kilograms of Assets Farm Assets PASTIES
newspaper @ P20.00 per kg worth P60.00 and two (2) Supplies Inventory
bottles of Benzalkonium Chloride @ P5.00 per bottle
worth P10.00 with a total cost of P70.00 per D.R. No.
18.
5 Purchased feeds from DAN-KE Trading Guinobatan, Decrease in Inventory – Increase in KHAPIE
Albay such as one (1) sack B-MEG Integra 1000 worth Assets Feeds Assets PASTIES

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P1,386.00 and 35 kilograms @ P31.00 per kilogram Inventory

worth P1,085.00 as well as veterinary drugs such as
0.50 kilogram of Chlotretracycline (CTC) @ P300.00 per
kg worth P150.00 and one (1) pack Electrolytes worth
P8.50 with a total cost of P2,629.50 per Sales Invoice
No. 29299.

DATE
TRANSACTIONS EFFECTS
2019
July 5 Paid transportation cost worth P50.00 per D.R.No.19. Decrease in Expenses – Increase in
Assets Transportatio Expenses KHAPIE
n PASTIES
Inventory

5 Paid the rental fee of the poultry house to Mrs. Veno Rica Decrease in Expense-Rent Increase in KHAPIE
worth P800.00 per D.R.No.20. Assets (Poultry Assets PASTIES
House/Hog Expense
Shed/Land)
7 Purchased stocks from DAN-KE Trading Guinobatan, Inventory - Increase in
Albay such as 100 Hubbard broilers @ P35.00 per stock Decrease in Stocks Assets KHAPIE
worth P3,500.00 per Sales Invoice No. 1030. Assets PASTIES
Inventory
7 Inventory-veterinary drugs such as one (1) pack of Inventory- Increase in KHAPIE
Electrolytes worth P8.50 per Sales Invoice No. 29299 Decrease in Veterinary Expenses PASTIES
was all consumed. Assets Drugs Inventory

11 Decreased in inventory-stocks worth P70.00 due to Inventory - Increase in KHAPIE

mortality of two (2) broliers. Decrease in Stocks Expenses PASTIES
Assets Inventory

14 Decreased in inventory-stocks worth P35.00 due to Inventory - Increase in KHAPIE

mortality of one (1) brolier. Decrease in Stocks Expenses PASTIES

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Assets Inventory

DATE
TRANSACTIONS EFFECTS
2019
July 20 Inventory-farm supplies such as three (3) kilograms of Decrease in Inventory- Increase in KHAPIE
newspapers worth P60.00 per D.R. No. 18 was all Assets Farm supplies Expenses PASTIES
consumed. Inventory
25 Purchased feeds from DAN-KE Trading Guinobatan, Decrease in Inventory - Increase in KHAPIE
Albay such as three (3) sacks B-MEG Integra 2000 @ Assets Feeds Expenses PASTIES
P1,356.00 per sack worth P4,068.00 and 22.50 kilograms Inventory
@ P30.00 per kilogram worth P675.00 with a total cost of
P4,743.00 per Sales Invoice No. 29241.
25 Paid transportation cost worth P50.00 per D.R.No.20. Decrease in Expenses Increase in
Assets -Transportatio Expenses KHAPIE
n PASTIES
Expenses

25 Inventory-feeds such as one (1) sack and 35 kilograms of Inventory - Increase in KHAPIE
B-MEG Integra 1000 worth P2,471.00 per Sales Invoice Decrease in Feeds Expenses PASTIES
No. 29299 was all consumed. Assets Inventory

28 Inventory-veterinary drugs such as 14 packs of Inventory – Increase in KHAPIE

Doxycycline worth P287.00 per Sales Invoice No. 8443 Decrease in Veterinary Expenses PASTIES
was all consumed. Assets Drugs Inventory

29 Inventory-veterinary drugs such as 0.50 kilogram of Inventory – Increase in KHAPIE

Chlotretracycline (CTC worth P150.00 per Sales Invoice Decrease in Veterinary Expenses PASTIES
No. 29299.was all consumed. Assets Drugs Inventory

DATE
TRANSACTIONS EFFECTS
2019

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Aug 4 Inventory-farm supplies such as two (2) bottles of Inventory – Increase in KHAPIE
Benzalkonium Chloride worth P10.00 per D.R. No. 18 Decrease in Farm Expenses PASTIES
was all consumed. Assets Supplies Inventory

4 Incurred veterinary drugs from DAN-KE Trading Decrease in Inventory – Increase in KHAPIE
Guinobatan, Albay such as three (3) packs of Assets Veterinary Expenses PASTIES
Doxycycline @ P20.50 per pack with a total cost of Drugs Inventory
P61.50 per Sales Invoice No. 8671.
10 Sold on cash basis with a total of 25.80 kilograms Increases Sales – Increases
dressed chicken (20 broilers) @ P140.00 per kilogram Assets Broilers Revenue KHAPIE
with total sales of P3,612.00 per Sales Invoice No. 43. (Dressed PASTIES
Chicken) Sales

10 Sold on credit basis with a total of 3.80 kilograms of Increases Account Increases
entrails and other body parts with total sales of P334.00 Assets Receivable Revenue KHAPIE
per Sales Invoice Nos. 44 to 46. PASTIES
Revenue

10 Incurred marketing expense worth P50.00 for the delivery Decrease in Expenses - Increase
of dressed chicken to the buyer per D.R. No. 21. Assets Marketing Assets KHAPIE
PASTIES
Expenses
10 Decreased in inventory-stocks @ P35.00 per stock worth Inventory - Increase in KHAPIE
P700.00 due to sales of 20 broilers Decrease in Stocks Expenses PASTIES
Assets Inventory

DATE
TRANSACTIONS EFFECTS
2019
Aug 10 Purchased feeds from DAN-KE Trading Guinobatan, Decrease in Inventory - Increase in KHAPIE
Albay such as 15 kilograms B-MEG Integra 2000 @ Assets Feeds Expenses PASTIES

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P30.00 per kilogram with a total cost of P450.00 per Supplies

Sales Invoice No. 29315. Inventory

10 Inventory-feeds such as three (3) sacks of B-MEG Integra Decrease in Inventory - Increase in KHAPIE
2000 worth P4,743.00 per Sales Invoice No. 29241 was Assets Feeds Expenses PASTIES
all consumed. Supplies
Inventory

11 Sold on cash basis with a total of 15.20 kilograms Increases Sales – Increases
dressed chicken (12 broilers) @ P140.00 per kilogram Assets Broilers Revenue KHAPIE
with total sales of P2,128.00 per Sales Invoice Nos. 47 to (Dressed PASTIES
48. Chicken) Sales

11 Sold on cash basis with a total of 2.10 kilograms of Increases Sales – Increases
entrails and other body parts with total sales of P185.50 Assets Entrails and Revenue KHAPIE
per Sales Invoice Nos. 49 to 50. other body PASTIES
parts Sales

11 Decreased in inventory-stocks @ P35.00 per stock worth Inventory - Increase in KHAPIE

P420.00 due to sales of 12 broilers Decrease in Stocks Expenses PASTIES
Assets Inventory

12 Incurred marketing expense from Aileen’s Stores Decrease in Expenses - Increase

Guinobatan Public Market such as one (1) pack plastic Assets Marketing Assets KHAPIE
bag worth P10.00 per D.R. No. 22. PASTIES
Expenses

DATE
TRANSACTIONS EFFECTS
2019
Aug 12 Incurred marketing expense such as load worth P21.00 Decrease in Expenses - Increase
per D.R. No.23. Assets Marketing Assets KHAPIE
PASTIES

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Marketing
Expenses
12 Sold on cash basis with a total of 29.60 kilograms Increases Sales – Increases
dressed chicken (20 broilers) @ P140.00 per kilogram Assets Broilers Revenue KHAPIE
with total sales of P4,144.00 per Sales Invoice Nos. 51 to (Dressed PASTIES
55. Chicken) Sales

12 Sold on credit basis with a total of 52 kilograms dressed Increases Sales – Increases
chicken (45 broilers) @ P150.00 per kilogram with total Assets Broilers Revenue KHAPIE
sales of P7,800.00 per Sales Invoice Nos. 56 to 59. (Dressed PASTIES
Chicken) Sales

12 Sold on credit basis with a total of 11.55 kilograms of Increases Account Increases
entrails and other body parts with total sales of P999.00 Assets Receivable Revenue KHAPIE
per Sales Invoice Nos. 60 to 61. PASTIES
Sales

12 Incurred marketing expense worth P100.00 for the Decrease in Expenses - Increase
delivery of dressed chicken to their respective buyers per Assets Marketing Assets KHAPIE
D.R. No. 22. PASTIES
Marketing
Expenses
12 Paid the caretaker as labor fee for dressing 97 broilers @ Decrease in Expenses - Increases in
P5.00 per broiler with a total cost of P485.00 per D.R. No. Assets Labor Expenses KHAPIE
23. PASTIES
Expenses

DATE
TRANSACTIONS EFFECTS
2019
Aug 12 Paid the caretaker as labor fee for 37 days @ P30.00 per Decrease in Expenses - Increases in
day worth P1,100.00 per D.R. No. 24. Assets Labor Expenses KHAPIE

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PASTIES
Expenses

12 Inventory-feeds such as 15 kilograms of B-MEG Integra Decrease in Inventory - Increase in KHAPIE

2000 worth P450.00 per Sales Invoice No. 29315 was all Assets Feeds Expenses PASTIES
consumed. Supplies
Inventory

12 Decreased in inventory-stocks @ P35.00 per stock worth Inventory - Increase in KHAPIE

P2,275.00 due to sales of 65 broilers Decrease in Stocks Expenses PASTIES
Assets Inventory

12 Inventory-farm supplies such as two (2) pieces 50 watt Decrease in Inventory Increase in KHAPIE
bulb worth P45.00 was all consumed. Assets -Farm Expenses PASTIES
Supplies Farm Supplies
Inventory

14 Collection of accounts receivable worth P334.00 per Increases Account Increases

Sales Invoice Nos. 44 to 46. Assets Receivable Revenue KHAPIE
PASTIES
Revenue

15 Sold five (5) empty sacks @ P10.00 per sack with total Increases Other sales Increases
sales of P50.00 per Sales Invoice No. 62. Assets Revenue KHAPIE
PASTIES
Sales

DATE
TRANSACTIONS EFFECTS
2019
Aug 17 Collection of accounts receivable worth P2,350.00 per Increases Account Increases
Sales Invoice Nos. 56 and 58. Assets Receivable Revenue KHAPIE

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PASTIES
Revenue

18 Collection of accounts receivable worth P539.00 per Increases Account Increases

Sales Invoice No. 61. Assets Receivable Revenue KHAPIE
PASTIES
Revenue

19 Collection of accounts receivable worth P5,450.00 per Increases Account Increases

Sales Invoice Nos. 57 and 59. Assets Receivable Revenue KHAPIE
PASTIES
Revenue

19 Collection of accounts receivable worth P460.00 per Increases Account Increases

Sales Invoice No. 60. Assets Receivable Revenue KHAPIE
PASTIES
Revenue

19 Incurred pre-paid – rent worth P800.00 Decrease in PREPAID-RENT Increase in KHAPIE

Assets (POULTRY Assets PASTIES
HOUSE/HOG Expenses
SHED/LAND)
19 Paid the entrepreneur as management fee worth
P1,000.00 per D.R.No.25. Increase in Management Increase in KHAPIE
Assets Fee Owner’s PASTIES
Equity Capital
19 Inventory-office supplies such as one (1) pack of journal Decrease in Inventory – Increase in KHAPIE
(15 sheets), one (1) pack of ledger (20 sheets, one (1) Assets Office Expenses PASTIES
piece notebook, and one (1) piece ballpen worth P38.25 Supplies Supplies
per D.R. No.17 was all consumed. Inventory

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AGRIB-111: PRINCIPLES OF ACCOUNTING

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