BUSINESS ADMINISTRATION DEPARTMENT

PRINCIPLES OF ACCOUNTING – ACC101

INDIVIDUAL ASSIGNMENT
Record your transactions for the month ended February 28, 2023

Student Name :
Student ID :
Class :
Lecturer :
Course :
Date :

Table of contents:

Source documents..........................................................................................................2
Finance statements
1. General Journal........................................................................................................5
2. Ledger......................................................................................................................7
3. Trial Balance............................................................................................................9
4. Income Statement....................................................................................................9
5. Statement of Cash Flows.........................................................................................10
6. Comment about my budget plan..............................................................................10

SOURCE DOCUMENTS

June1st : + Parents gave 25.000.000 VND in cash.

+ I bought a new phone 20.000.000 VND in cash.

June 2nd : + I bought food with cash 500.000 VND.

+ I paid 170.000 VND for dinner in cash.
+ I received a salary of 5.500.000 VND from job at Ohio Mart.

June 4th : I paid 360.000 VND for food in cash.

June 6th : I paid 100.000 VND for dinner.

June 7th : + I paid 40.000 VND for breakfast in cash

+ I paid 30.000 VND for water.

June 8th : + I bought food for 100.000 VND.

June 9th : + I bought Shampoo with 500.000 VND in cash

+ I paid for dinner with 70.000 VND in cash

June 11th : I paid 450.000 VND for food in cash.

+ I paid 85.000 VND for school supplies in cash.
 June 13th : I paid 350.000 VND for traffic violation in cash.
+ I paid 40.0000 VND for breakfast.

June 15th : I paid 100.000 VND for club activities.

June 16th : I paid 40.000 VND cash for breakfast.

+ I bought 200.000 VND food with cash.
+ I paid 70.000 VND for dinner in cash.

June 18th : I paid 200.000 VND for cosmetics in cash

+ I paid 80.000 VND for food in cash.

June 19th : I bought a notebook with cash of 20.000 VND.

June 21st : I paid 136.000 VND for dinner

June 22nd : I paid 265.000 VND for dinner.

June 24th : I paid 300.000 VND for food in cash.

+ I paid 650.000 VND for the picnic

June 26th : I paid 40.000 VND for breakfast in cash.

+ I paid 160.000 VND for the bus ticket in cash.

June 29: I paid for motorbike taxi 30.000 VND in cash.

A.c estimates that the phone has a useful life of 5 years and no salvage value.
 Depreciation:
 My phone: 20.000.000 / (5x12) = 333.333 VND / month
 FINANCIAL STATEMENT
1. General Journal
Date Description Debit Credit
Parent contribution 25.000.00
Jun.1 Capital   0
25.000.00
  Cash 0
20.000.00
  Equipment   0  
20.000.00
  Cash   0
Jun. 2 Food expense   500.000  
  Cash   500.000
Dinner expense   170.000  
  Cash   170.000
Salary revenue (part-
time job)   5.500.000 
  Cash 5.500.000 
Jun. 4 Food expense   360.000  
  Cash   360.000
Jun. 6 Dinner expense   100.000  
  Cash   100.000
Jun. 7 Breakfast expense   40.000  
  Cash   40.000
Drink expense
30.000
Cash 30.000
Jun. 8 Food expense   100.000  
  Cash   100.000
Jun. 9 Supplier (Shampoo)   500.000  
  Cash   500.000
Dinner expense
70.000
Cash 70.000
Jun.1
1 Food expense   450.000  
  Cash   450.000
Supplier (School
  supplies)   85.000  
  Cash   85.000
Jun.1 Traffic violation
3 expense   350.000  
  Cash   350.000
  Food expense   40.000  
  Cash   40.000
Jun.1 Club activities
5 expense   100.000  
  Cash   100.000
Jun.1
6 Breakfast expenses   40.000  
  Cash   40.000
  Food expense   200.000  
  Cash   200.000
Dinner expense
70.000
Cash 70.000
Jun.1
8 Supplier (Cosmetics)   200.000  
  Cash   200.000
Food expense
80.000
Cash 80.000
Jun.1 Supplier (School
9 supplies)   20.000  
  Cash   20.000
Jun.2
1 Dinner expense   136.000  
  Cash   136.000
Jun.2
2 Dinner expense   265.000  
  Cash   265.000
Jun.2
4 Food expense   300.000  
  Cash   300.000
 Picnic expense   650.000  
  Cash   650.000
Jun.2
6 Breakfast expense   40.000  
  Cash   40.000
Bus ticket expense   160.000  
  Cash   160.000
Jun.2 Motorbike taxi
9 expense   30.000  
  Cash   30.000

2. Ledger

Cash Debit Credit Contributed Capital Debit Credit

25.000.00
0 20.000.000 25.000.000
5.500.000 500.000 Balance 25.000.000
170.000
Depreciation
360.000 expense - Equip. Debit Credit
100.000 333.333
40.000 Balance 333.333
30.000
100.000 Food expense Debit Credit
500.000 500.000
70.000 360.000
450.000 100.000
85.000 450.000
350.000 40.000
40.000 200.000
100.000 80.000
40.000 300.000
200.000 Balance 2.030.000
70.000
200.000 Equipment Debit Credit
80.000 20.000.000
20.000 Balance 20.000.000
136.000
265.000 Breakfast expense Debit Credit
300.000 40.000
 650.000 40.000
40.000 40.000
160.000 Balance 120.000
30.000
Balance 5.414.000 Revenue Debit Credit
5.500.000
Dinner expense Debit Credit Balance 5.500.000
170.000
100.000 Drink expense Debit Credit
70.000 30.000
70.000 Balance 30.000
136.000
265.000 Picnic expense Debit Credit
Balance 811.000 650.000
Balance 650.000
Club activities expense Debit Credit
100.000 Transport Debit Credit
Balance 100.000 Bus ticket expense 160.000
Motorbike taxi 30.000
Supplier Debit Credit Balance 190.000
Shampoo 500.000
School supplies 85.000 Traffic Violation Debit Credit
Cosmetics 200.000 350.000
School supplies 20.000 Balance 350.000
Balance 805.000
Accumulated
Depreciation Debit Credit
333.333
Balance 333.333

3. Trial Balance
CLOSING EXPENSE ACCOUNTS
Description Debit Credit
Income Summary 4.614.333
Depreciation expenses -
Phone 333.333
Food expense 2.030.000
Drink expense 30.000
Breakfast expense 120.000
Dinner expense 811.000
Club activities expense 100.000
Transport expense 190.000
Traffic Violation Expense 350.000
Picnic expense 650.000

CLOSING REVENUE ACCOUNTS

Description Debit Credit
Received salary 5.500.000
Income Summary 5.500.000

Trial Balance
Unadjusted Trial Balance Adjusted Trial Balance
Account Name Debit Credit Debit Credit
Cash 5.414.000 5.414.000
Accumulated Depreciation - Equip. 0 333.333
Depreciation expense - Equip. 0 333.333
Contributed Capital 25.000.000 25.000.000
Food expense 2.030.000 2.030.000
Equipment 20.000.000 20.000.000
Breakfast expense 120.000 120.000
Revenue 5.500.000 5.500.000
Drink expense 30.000 30.000
Picnic expense 650.000 650.000
Dinner expense 811.000 811.000
Club activities expense 100.000 100.000
Transport expense 190.000 160.000
Supplier 805.000 805.000
Traffic Violation Expense 350.000 350.000
Total 30.500.000 30.500.000 30.833.333 30.833.333

4. Income Statement
 5. Statement of Cash Flows

Statement of Cash Flows

Cash flows from operating activities : 
Revenue 5.500.000

Cash paid for Food (2.030.000)

Cash paid for Traffic Violation (350.000)
Cash paid for Transport (160.000)
Cash paid for Club activities (100.000)
Cash paid for Supplier (805.000)
Cash paid for Dinner (811.000)
Cash paid for Drink (30.000)
Cash paid for Breakfast (120.000)
Cash paid for Picnic (650.000)

Net cash provided by operating activities VND 444.000

Cash flows from investing activities:
Net cash used in investing activities                                                           0
Cash flows from financing activities: 
Investment by owner 25.000.000
Withdrawal by owner
Net cash provided by financing activities                                   25.000.000
Net increase in cash                                                                       444.000
Cash balance, June 1st, 2023 -
Cash balance, June 30th, 2023 VND 25.444.000