1.

SAVE EXCEL FILE AS: SECTION_ACTIVITY 2_SURNAME FIRSTNAME

2. SUBMIT TO eureze.tabar@lpu.edu.ph
3. EMAIL SUBJECT: SECTION_ACTIVITY 2_SURNAME FIRSTNAME
4. DEADLINE: WITHIN THE DAY
ACCOUNT CODE ACCOUNT TITLE
1001 CASH
1002 ACCOUNTS RECEIVABLE
1003 SUPPLIES
1004 NOTES RECEIVABLE
1005 PREPAID RENT
1006 VEHICLE
1007 EQUIPMENT
1008 ACCUMULATED DEPRECIATION
2001 ACCOUNTS PAYABLE
2002 NOTES PAYABLE
2003 UTILITIES PAYABLE
2004 LOANS PAYABLE
3001 OWNER'S INVESTMENT
3002 OWNER'S WITHDRAWAL
4001 REPAIRS INCOME
4002 INSTALLATION INCOME
5001 SALARIES EXPENSE
5002 RENT EXPENSE
5003 SUPPLIES EXPENSE
5004 REPAIRS AND MAINTENANCE EXPENSE
5005 DEPRECIATION EXPENSE
5006 UTILITIES EXPENSE
5007 GASOLINE EXPENSE
 DATE TRANSACTION
1/1/2021 THE OWNER INVESTED CASH AMOUNTING TO 500,000 TO HIS NEW BUSINESS, AIRCON SERVICE REPAIR AND INS
1/1/2021 ENTERED INTO A 15,000 MONTHLY RENTAL AGREEMENT; PAID 3 MONTH ADVANCED RENTAL ON THIS DATE
1/1/2021 PURCHASED VEHICLES AMOUNTING TO 100,000 WITH A USEFUL LIFE OF 5 YEARS, AND EQUIPMENT FOR 80,000
1/4/2021 PURCHASED SUPPLIES ON ACCOUNT, 10,000
1/5/2021 OBTAINED 2- YEAR BANK LOAN AMOUNTING TO 500,000 (DISREGARD INTEREST)
1/6/2021 PURCHASED ADDITIONAL SUPPLIES FOR 20,000 CASH
1/7/2021 RENDERED AIRCON REPAIR SERVICES FOR 50,000 CASH
1/8/2021 PAID 2,000 FOR GASOLINE
1/9/2021 PAID 5,000 FOR A ONE DAY CAR RENTAL
1/10/2021 BILLED CUSTOMERS FOR AIRCON INSTALLATION AMOUNTING TO 30,000
1/11/2021 ADDITIONAL INVESTMENT FROM OWNER: CASH OF 100,000
1/12/2021 PAID HALF OF THE SUPPLIES PURCHASED ON JANUARY 4
1/13/2021 PAID CASH OF 5,000 FOR REPAIRS MADE TO COMPANY VEHICLE
1/14/2021 PURCHASED ADDITIONAL SUPPLIES FOR 2,000 ON ACCOUNT
1/15/2021 PAID MONTHLY SALARIES OF WORKERS AMOUNTING TO 52,000
1/16/2021 RENDERED AIRCON REPAIR SERVICES FOR 50,000 CASH
1/17/2021 REPAIRS INCOME FOR THE DAY IS 20,000 AND CUSTOMER ISSUED A PROMISSORY NOTE FOR THE WHOLE AMOU
1/18/2021 PAID 3,000 FOR UTILITIES
1/19/2021 PAID 2,000 FOR GASOLINE
1/20/2021 COLLECTED 50% OF CUSTOMER BALANCE FROM JANUARY 10
1/21/2021 REPAIRS INCOME FOR THE DAY IS 10,000 AND CUSTOMER ISSUED A PROMISSORY NOTE FOR THE WHOLE AMOU
1/22/2021 PAID 7,000 FOR GASOLINE
1/23/2021 BILLED CUSTOMERS FOR AIRCON INSTALLATION AMOUNTING TO 70,000
1/24/2021 RENDERED AIRCON REPAIR SERVICES FOR 150,000 CASH
1/25/2021 COLLECTED 10% OF CUSTOMER BALANCE FROM JANUARY 23
1/26/2021 THE OWNER WITHDREW CASH AMOUNTING TO 10,000
1/27/2021 PAID 5,000 FOR REPAIRS OF EQUIPMENT
1/28/2021 PAID 2,000 FOR GASOLINE
1/29/2021 UNPAID UTILITIES IS 8,000
1/30/2021 BILLED CUSTOMERS FOR AIRCON INSTALLATION AMOUNTING TO 10,000
1/31/2021 SUPPLIES USED FOR THE MONTH WAS 13,000
1/31/2021 RECORD ADJUSTING ENTRY FOR DEPRECIATION
1/31/2021 RECORD ADJUSTING ENTRY FOR RENT
AIRCON SERVICE REPAIR AND INSTALLATION
NCED RENTAL ON THIS DATE
RS, AND EQUIPMENT FOR 80,000 WITH A USEFUL LIFE OF 10 YEARS. ISSUED A PROMISSORY NOTE FOR BOTH ASSETS PURCHASED

RY NOTE FOR THE WHOLE AMOUNT

RY NOTE FOR THE WHOLE AMOUNT

ASSETS PURCHASED
 DATE ACCOUNT CODE ACCOUNT TITLE DEBIT AMOUNT CREDIT AMOUNT
1/1/2021 1001 CASH 500,000.00
1/1/2021 3001 OWNER'S INVESTMENT 500,000.00
1/1/2021 1005 PREPAID RENT 45,000.00
1/4/2021 1001 CASH 45,000.00
1/1/2021 1006 VEHICLE 100,000.00
1/1/2021 1007 EQUIPMENT 80,000.00
1/1/2021 2002 NOTES PAYABLE 180,000.00
1/4/2021 1003 SUPPLIES 10,000.00
1/4/2021 2001 ACCOUNTS PAYABLE 10,000.00
1/5/2021 1001 CASH 500,000.00
1/5/2021 2004 LOANS PAYABLE 500,000.00
1/6/2021 1003 SUPPLIES 20,000.00
1/6/2021 1001 CASH 20,000.00
1/7/2021 1001 CASH 50,000.00
1/7/2021 4001 REPAIRS INCOME 50,000.00
1/8/2021 5007 GASOLINE EXPENSE 2,000.00
1/8/2021 1001 CASH 2,000.00
1/9/2021 5002 RENT EXPENSE 5,000.00
1/9/2021 1001 CASH 5,000.00
1/10/2021 1002 ACCOUNTS RECEIVABLE 30,000.00
1/10/2021 4002 INSTALLATION INCOME 30,000.00
1/11/2021 1001 CASH 100,000.00
1/11/2021 3001 OWNER'S INVESTMENT 100,000.00
1/12/2021 2001 ACCOUNTS PAYABLE 5,000.00
1/12/2021 1001 CASH 5,000.00
1/13/2021 5004 REPAIRS AND MAINTENANCE EXPENSE 5,000.00
1/13/2021 1001 CASH 5,000.00
1/14/2021 1003 SUPPLIES 2,000.00
1/14/2021 2001 ACCOUNTS PAYABLE 2,000.00
1/15/2021 5001 SALARIES EXPENSE 52,000.00
1/15/2021 1001 CASH 52,000.00
1/16/2021 1001 CASH 50,000.00
1/16/2021 4001 REPAIRS INCOME 50,000.00
1/17/2021 1004 NOTES RECEIVABLE 20,000.00
1/17/2021 4001 REPAIRS INCOME 20,000.00
1/18/2021 5006 UTILITIES EXPENSE 3,000.00
1/18/2021 1001 CASH 3,000.00
1/19/2021 5007 GASOLINE EXPENSE 2,000.00
1/19/2021 1001 CASH 2,000.00
1/20/2021 1001 CASH 15,000.00
1/20/2021 1002 ACCOUNTS RECEIVABLE 15,000.00
1/21/2021 1004 NOTES RECEIVABLE 10,000.00
1/21/2021 4001 REPAIRS INCOME 10,000.00
1/22/2021 5007 GASOLINE EXPENSE 7,000.00
 1/22/2021 1001 CASH 7,000.00
1/23/2021 1002 ACCOUNTS RECEIVABLE 70,000.00
1/23/2021 4002 INSTALLATION INCOME 70,000.00
1/24/2021 1001 CASH 150,000.00
1/24/2021 4001 REPAIRS INCOME 150,000.00
1/25/2021 1001 CASH 7,000.00
1/25/2021 1002 ACCOUNTS RECEIVABLE 7,000.00
1/26/2021 3002 OWNER'S WITHDRAWAL 10,000.00
1/26/2021 1001 CASH 10,000.00
1/27/2021 5004 REPAIRS AND MAINTENANCE EXPENSE 5,000.00
1/27/2021 1001 CASH 5,000.00
1/28/2021 5007 GASOLINE EXPENSE 2,000.00
1/28/2021 1001 CASH 2,000.00
1/29/2021 5006 UTILITIES EXPENSE 8,000.00
1/29/2021 2003 UTILITIES PAYABLE 8,000.00
1/30/2021 1002 ACCOUNTS RECEIVABLE 10,000.00
1/30/2021 4002 INSTALLATION INCOME 10,000.00
1/31/2021 5003 SUPPLIES EXPENSE 13,000.00
1/31/2021 1003 SUPPLIES 13,000.00
1/31/2021 5005 DEPRECIATION EXPENSE 2,333.33
1/31/2021 1008 ACCUMULATED DEPRECIATION 2,333.33
1/31/2021 5002 RENT EXPENSE 15,000.00
1/31/2021 1005 PREPAID RENT 15,000.00
TOTAL 1,905,333.33 1,905,333.33
ACCOUNT CODE ACCOUNT TITLE TOTAL DEBIT TOTAL CREDIT ENDING BALANCE
1001 CASH 1,372,000.00 163,000.00 1,209,000.00
1002 ACCOUNTS RECEIVABLE 110,000.00 22,000.00 88,000.00
1003 SUPPLIES 32,000.00 13,000.00 19,000.00
1004 NOTES RECEIVABLE 30,000.00 - 30,000.00
1005 PREPAID RENT 45,000.00 15,000.00 30,000.00
1006 VEHICLE 100,000.00 - 100,000.00
1007 EQUIPMENT 80,000.00 - 80,000.00
1008 ACCUMULATED DEPRECIATION - 2,333.33 - 2,333.33
2001 ACCOUNTS PAYABLE 5,000.00 12,000.00 - 7,000.00
2002 NOTES PAYABLE - 180,000.00 - 180,000.00
2003 UTILITIES PAYABLE - 8,000.00 - 8,000.00
2004 LOANS PAYABLE - 500,000.00 - 500,000.00
3001 OWNER'S INVESTMENT - 600,000.00 - 600,000.00
3002 OWNER'S WITHDRAWAL 10,000.00 - 10,000.00
4001 REPAIRS INCOME - 280,000.00 - 280,000.00
4002 INSTALLATION INCOME - 110,000.00 - 110,000.00
5001 SALARIES EXPENSE 52,000.00 - 52,000.00
5002 RENT EXPENSE 20,000.00 - 20,000.00
5003 SUPPLIES EXPENSE 13,000.00 - 13,000.00
5004 REPAIRS AND MAINTENANCE EXPENSE 10,000.00 - 10,000.00
5005 DEPRECIATION EXPENSE 2,333.33 - 2,333.33
5006 UTILITIES EXPENSE 11,000.00 - 11,000.00
5007 GASOLINE EXPENSE 13,000.00 - 13,000.00
TOTAL 1,905,333.33 1,905,333.33 0.00
 JANUARY
REPAIRS INCOME 280,000.00
INSTALLATION INCOME 110,000.00
TOTAL REVENUE 390,000.00
SALARIES EXPENSE - 52,000.00
RENT EXPENSE - 20,000.00
SUPPLIES EXPENSE - 13,000.00
REPAIRS AND MAINTENANCE EXPENSE - 10,000.00
DEPRECIATION EXPENSE - 2,333.33
UTILITIES EXPENSE - 11,000.00
GASOLINE EXPENSE - 13,000.00
TOTAL EXPENSES - 121,333.33
PROFIT 268,666.67
 JANUARY
EQUITY, BEGINNING -
OWNER'S INVESTMENT 600,000.00
OWNER'S WITHDRAWAL - 10,000.00
PROFIT 268,666.67
EQUITY, END 858,666.67
ASSETS JANUARY
CASH 1,209,000.00
ACCOUNTS RECEIVABLE 88,000.00
SUPPLIES 19,000.00
NOTES RECEIVABLE 30,000.00
PREPAID RENT 30,000.00
TOTAL CURRENT ASSET 1,376,000.00
VEHICLE 100,000.00
EQUIPMENT 80,000.00
ACCUMULATED DEPRECIATION - 2,333.33
TOTAL NON CURRENT ASSET 177,666.67
TOTAL ASSET 1,553,666.67
LIABILITIES AND EQUITY
ACCOUNTS PAYABLE 7,000.00
NOTES PAYABLE 180,000.00
UTILITIES PAYABLE 8,000.00
TOTAL CURRENT LIABILITIES 195,000.00
LOANS PAYABLE 500,000.00
TOTAL NON CURRENT LIABILITIES 500,000.00
TOTAL LIABILITIES 695,000.00
EQUITY 858,666.67
TOTAL LAIBILITIES AND EQUITY 1,553,666.67

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