FINANCIAL TRANSACTION WORKSHEET

TRANSACTION ASSETS = LIABILITIES + OWNER'S EQUITY

A. 4 000 000 4 000 000
B. 100 000 100 000 (Unearned Revenue)
C. ( 7 500) ( 7 500)
D. 30 000 30 000
E. (12 000) (12 000)
F. 35 000 35 000
G. 5 000 (5 000)
H. 600 000 (600 000)
Note: If its an income, it increases capital; if its an expense, decreases capital
 FINANCIAL TRANSACTION WORKSHEET

TRANSACTION ASSETS =
A. Jasmin invested 100 000 cash to start a Travel and Tour Agency. 100 000
B. Jasmin bought repair equipment from X Co. on credit, 150 000 150,000
C. She bought shop supplies for cash 25 000 0
D. Paid X Co. partially 25 500 -25,500
E. Customers paid cash for services rendered to them, 50 000. 50,000
F. Paid utilies expense, 5 000, -5,000
G. Cruz paid salaries and wages, 34 000 -34,000
H. Shop supplies purchased, 15 000 and made a down payment of 5 000 10,000
I. Cruz, withdrew 10 000 for his personal use. -10,000
J. Paid rent expense for the month, 7 000 -7,000
K. Miscellaneous espense, 2000
EET

LIABILITIES + OWNER'S EQUITY

100 000 EXAMPLE
150,000
0 0
-25,500
50,000
-5,000
-34,000
10,000
-10,000
-7,000
2,000 -2,000