PERFORMANCE TASK 1.

5
DIRECTION: Analyze the Business Transaction and Make A Summary by Using Financial Transaction Worksheet for the
month of June

01- (Transaction # 1) Miss Yoon Se-Ri invested P6,000,000 to open San Ka Punta Travel Services Company. Five (5)
employees were initially hired for the travel services team with two (2) drivers.

02- (Transaction # 2) Paid pre-operating expenses for permit and licenses to start operations, P250,000 cash payment.
Bank borrowing was approved with a note of promise to pay, P100,000 payable in one year with 12% interest upon
repayment of the principal amount

04- (Transaction # 3) Purchased two (2) units of a shuttle 15-seater van amounting to P1,600,000 per vehicle, on
account.

06- (Transaction # 4) Purchased ten (10) computer equipment sets for operational purposes, P30,000 per unit, cash
payment made.

07- (Transaction # 5) Purchased office supplies amounting to P50,000 and paid rent in advance covering 6 months’
equivalent rent, P150,000.

08- (Transaction # 6) Purchased furniture and fixtures such as tables, chairs, cabinets and sofa set for guests and clients,
package of P600,000, P200,000 paid in cash, balance on account.

09- (Transaction # 7) Started operations through rendering travel services to customers with the following details:
Destination Tara na sa Batanes 3 days 2 nights
Number of persons 10 persons
Price per person P7,316
Payment terms Cash payment

11- (Transaction # 8) Paid the amount of one of the two shuttle vans purchased on April 4, 2020.

15- (Transaction # 9) Paid salaries of employees, total of P95,000 in cash.

18- (Transaction # 10) Rendered travel services to customers with the following details:
Destination Wonderful Seoul 5 days 4 nights + Gyeonggido Day Tour
Number of persons 5 persons
Price per person P38,888
Payment terms Payable in one month (on account)

19- (Transaction # 11) Paid P7,000 for minor repairs of automobile, cash payment.

23- (Transaction # 12) Received advanced payment for the following travels:
Destination Splendid Cebu 4 days 3 nights May 3-6, 2020
Number of persons 8 persons
Price per person P6,454
Payment terms Advanced payment

Destination Japan, Japan, Sagot Sa Kasiyahan 5 days 4 nights April 25-30, 2020
Number of persons 10 persons
Price per person P63,800
Payment terms Advanced payment
25- (Transaction # 13) Received payment from three (3) customers of the Wonderful Seoul 5 days 4 nights + Gyeonggido
Day Tour who went to South Korea on April 18, 2020.

29- (Transaction # 14) The owner, Miss Yoon Se-Ri, had an emergency and has withdrawn P30,000 cash for personal use

30- (Transaction # 15) Paid the following: salaries, P95,000, utilities, P12,000, gas and oil, P10,000

SAN KA PUNTA TRAVEL AND TOURS

CHART OF ACCOUNTS