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
Comment about my budget plan....................................................................................10

SOURCE DOCUMENTS
June1st : + Parents give 25,000,000 VND in cash.
+ I bought a new phone 20,000,000 VND in cash.

June 2nd : + I buy 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 a part-time job at Ohio Mart.

June 4th : I pay 360,000 VND for food in cash.

June 6th : I pay 100,000 VND for dinner.

June 7th : + I pay 40,000 VND for breakfast in cash

+ I pay 30,000 VND for water.

June 8th : + I buy food for 100,000 VND.

June 9th : + I bought you a birthday present with 500,000 VND in cash
+ I pay 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 pay 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 pay 136,000 VND for dinner

June 22nd : I pay 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 pay for motorbike taxi 30,000 VND in cash.

A.c estimates that the phone has a useful life of 6 years and no salvage value.
 Depreciation:
 My phone: 20,000,000 / (5x12) = 333.333,33 VND / month

FINANCIAL STATEMENT
1. General Journal
Date Description Debit Credit
Parent contribution
Jun.1 revenue   25.000.000
  Cash 25.000.000
  Equipment   20.000.000  
  Cash   20.000.000
Jun. 2 Food expense   500.000  
  Cash   500.000
Dinner expense   170.000  
  Cash   170.000
Salary ( 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
Drinking water expense
30.000
Cash 30.000
Jun. 8 Food expense   100.000  
  Cash   100.000
Jun. 9 Birthday present   500.000  
  Cash   500.000
Dinner expense
70.000
Cash 70.000
Jun.1
1 Food expense   450.000  
  Cash   450.000
School supplier
  expense   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
5 Club activities 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 Cosmetics expense   200.000  
  Cash   200.000
Food expense
80.000
Cash 80.000
Jun.1 School supplier
9 expense   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
25.000.000 20.000.000 25.000.000
5.500.000 500.000 Balance 25.000.000
170.000
Depreciation expense -
360.000 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 Drinking water expense Debit Credit
70.000 30.000
70.000 Balance 30.000
136.000
265.000 Birthday present expense Debit Credit
Balance 811.000 500.000
Balance 500.000
School supplier
expense Debit Credit
85.000 Cosmetic expense Debit Credit
20.000 200.000
Balance 105.000 Balance 200.000

Club activities expense Debit Credit Picnic expense Debit Credit

100.000 650000
Balance 100.000 Balance 650000

Bus ticket expense Debit Credit Motobike taxi expense Debit Credit
160.000 30.000
Balance 160.000 Balance 30.000

Traffic Violation
Expense Debit Credit
350.000
Balance 350.000

3. Trial Balance
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
Drinking water expense 30.000 30.000
Birthday present expense 500.000 500.000
Cosmetic expense 200.000 200.000
Picnic expense 650.000 650.000
Motobike taxi expense 30.000 30.000
Dinner expense 811.000 811.000
School supplier expense 105.000 105.000
Club activities expense 100.000 100.000
Bus ticket expense 160.000 160.000
Traffic Violation Expense 350.000 350.000
Total 30.500.000 30.500.000 30.833.333 30.833.333

4. Income Statement
Income Statement
Debit Credit
Revenue 5.500.000
Total 5.500.000
Depreciation expense - Equip. 333.333
Food expense 2.030.000
Traffic Violation Expense 350.000
Bus ticket expense 160.000
Club activities expense 100.000
School supplier expense 105.000
Dinner expense 811.000
Motorbike taxi expense 30.000
Picnic expense 650.000
Cosmetic expense 200.000
Birthday present expense 500.000
Drinking water expense 30.000
Breakfast expense 120.000
Total expense 5.419.333
Net Income 80.667

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 Bus ticket 160.000
Cash paid for Club activities 100.000
Cash paid for School supplier 105.000
Cash paid for Dinner 811.000
Cash paid for Motorbike taxi 30.000
Cash paid for Cosmetic 200.000
Cash paid for Birthday present 500.000
Cash paid for Drinking water 30.000
Cash paid for Breakfast 120.000
Cash paid for Picnic 650.000

Net cash provided by operating activities VND 414.000

Cash balance, February 1, 2023 -

Cash balance, February 28, 2023 VND 414.000