Nadine Da is a social entrepreneur from the South. She is Nadine Da is a social entrepreneur from the South.

She is
lot of Interesting causes. Her fine taste is preeminent such lot of Interesting causes. Her fine taste is preeminent such
May 1, that she is considered an authority in planning weddings. May 1, that she is considered an authority in planning weddings.
2016 Upon the advice and prodding of an esteemed colleague, 2016 Upon the advice and prodding of an esteemed colleague,
Lyza Seguerra decided to organize her wedding Lyza Seguerra decided to organize her wedding
consultancy. She invested P250, 000 into this entity. consultancy. She invested P250, 000 into this entity.
May 1, May 1,
Rent Paid in Advance, P8,000. Rent Paid in Advance, P8,000.
2016 2016
Nadine Da issued a promissory note for a P210, 000 loans Nadine Da issued a promissory note for a P210, 000 loans
from Metrobank. This availment will be used for acquisition from Metrobank. This availment will be used for acquisition
May 2, May 2,
of a service vehicle. The note carries a 20% interest per of a service vehicle. The note carries a 20% interest per
2016 2016
annum. The arrangement of the bank is that both the annum. The arrangement of the bank is that both the
interest and the principal are payable in full one year. interest and the principal are payable in full one year.
May 4, May 4,
Acquired service vehicle for P420, 000. Acquired service vehicle for P420, 000.
2016 2016
Paid Prudential Guarantee and Assurance, Inc. P14, 400 Paid Prudential Guarantee and Assurance, Inc. P14, 400
May 4, May 4,
for a one year comprehensive Insurance coverage on the for a one year comprehensive Insurance coverage on the
2016 2016
service vehicle. service vehicle.
Acquired office equipment from Fair and Square Emporium Acquired office equipment from Fair and Square Emporium
May 5, May 5,
for P60, 000; paying P15,000 in cash and the balance next for P60, 000; paying P15,000 in cash and the balance next
2016 2016
month. month.
May 8, Purchased supplies on credit for P18, 000 from San Jose May 8, Purchased supplies on credit for P18, 000 from San Jose
2016 Merchandising. 2016 Merchandising.
May 9, Paid San Jose Merchandising P10, 000 of the amount May 9, Paid San Jose Merchandising P10, 000 of the amount
2016 owed. 2016 owed.
May 10, Coordinated and Finalized simple bridal arrangements for May 10, Coordinated and Finalized simple bridal arrangements for
2016 three couples and collected fees of P8, 800 per couple. 2016 three couples and collected fees of P8, 800 per couple.
May 13, Paid salaries, P6, 600. The entity pays salaries every two May 13, Paid salaries, P6, 600. The entity pays salaries every two
2016 Saturdays. 2016 Saturdays.
The entity is earning additional revenues by referring The entity is earning additional revenues by referring
May 15, consulting clients to friendly hotels, caterers, printers and May 15, consulting clients to friendly hotels, caterers, printers and
2016 couturiers. Received P10, 000 advance fees for three 2016 couturiers. Received P10, 000 advance fees for three
clients referred. clients referred.
May 25, May 25,
Nadine Da withdraw Php14, 000 for personal expenses. Nadine Da withdraw Php14, 000 for personal expenses.
2016 2016
May 31, May 31,
Settled the electricity bill of P3, 000 for the month. Settled the electricity bill of P3, 000 for the month.
2016 2016

Note: Requirements Note: Requirements

1. Journal Entry of each transactions 1. Journal Entry of each transactions
2. Analysis of each transactions 2. Analysis of each transactions
3. Trial Balance of Totals 3. Trial Balance of Totals
4. Trial Balance of Balances 4. Trial Balance of Balances