Analysis of Business Transaction

Business Transactions What is the value received and What is the account name or What is the Accounting
value parted with title to be used for the value Element Affected
received & value parted with

Value Received Value Parted Value Received Value Parted Value Received Value Parted
With With With
1. Investment of money Thing of value : Implied promise Cash and Office Capital, L. Asset Capital
and computer set by the money and to safeguard the Equipment Esguerra
owner, Ms. L. Esguerra computer set proprietary
interest

2. Ms. Esguerra Thing of value: Thing of value: Office Cash Asset Asset
Purchases tables and tables and cash Furnitures
chairs on cash basis. chairs

3. Ms. Esguerra purchase Thing of value: Oral promise to Business vehicle Accounts Asset Liability and
a business vehicle on business vehicle pay (the payable and Asset
credit with down creditor) and Cash
payment using check. the thing of
value
 Analysis of Business Transaction
Business Transactions What is the value received and What is the account name or What is the Accounting
value parted with title to be used for the value Element Affected
received & value parted with

Value Received Value Parted Value Received Value Parted Value Received Value Parted
With With With
4. Purchase of lot on
credit (promissory
notes) with down
payment.
5. Paid in cash the
purchased vehicle

6. Payment of
promissory note with
interest.

7. Rendered services to
customer on credit with
down payment
 Analysis of Business Transaction
Business Transactions What is the value received and What is the account name or What is the Accounting
value parted with title to be used for the value Element Affected
received & value parted with

Value Received Value Parted Value Received Value Parted Value Received Value Parted
With With With
8. . Rendered services to
customer on credit with
down payment.
Customer issued written
promise to pay.

9. Collection of
receivables

10. Collection of promissory

notes with interest.

11. Paid salaries to

employees.
 Analysis of Business Transaction
Business Transactions What is the value received and What is the account name or What is the Accounting
value parted with title to be used for the value Element Affected
received & value parted with

Value Received Value Parted Value Received Value Parted Value Received Value Parted
With With With
12. Payment of rent.

13. Withdrawal of cash

by the owner for
personal use.

14. Withdrawal of laptop

by the owner for
personal use.