Talk Folks Café

The Talk Folks is a native café that anyone will love because we believe in
the supremacy of locally-sourced products. We serve fresh coffee and tasty
donuts, cupcakes, macaroons and sandwiches at a fair price to our valued
customers.

To start my business I will conduct market research to see how my business

is going to prosper. I will know what most people taste in order to know
what I will sell in my business. In order to maximize its future energy, I am
going to write my business plan and consider unique ideas. Next I will pick
the best location where people can comfortably go and enjoy the place.

MISSION

The mission of Talk Folks is to provide a friendly and comfortable atmosphere

where customers can relax and provide total customer’s satisfaction through the
quality of the product, cleanliness of the place and services offered.

VISION

Our vision is to be the leading food and beverages service provider here in Naga
City by serving consistent quality product and excellent customer focused service.

Transactions of Shane Fernandez by the month of August 2020

Aug. 1 Ms. Fernandez invested P1, 000,000 and water dispensers worth P
100,000 on cash.
4 Bought tables and chairs from Vista Mall for P 25,000 paying 50%
down payment and balance due in 30 days.

5 Purchase kitchen supplies for P 35,000 through notes payable.

8 Paid P 10,000 for one month’s rent and current bill for P 6,500.

10 Paid the following expenses: taxes and licenses for P 5,000 and P 20,
000 for annual insurance.

11 Performed service for p 1,500 and received P 1,000 cash and give note
for remainder

13 Full payment of the note issued on August 5.

15 Withdrew P 10,600 cash for personal use.

18 Full payment of the note issued on August 11.

20 Ms. Fernandez made additional cash investment of P 250,000

23 Made full payment of the amount owed from Vista Mall.

25 Received the bill of Metro Naga Water District amounting P 1,200.

26 Paid water bill.

30 Paid the workers’ salaries for P 10,000.

CHART OF ACCOUNTS