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  • Sept. 9 Assignement

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    pablo third
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    This document is a record of transactions from October 1-31 for Nelson Daganta's business. It shows initial capital investment of 250,000 on October 1. Other transactions include purchasing a service vehicle for 195,000, supplies for 57,000, revenue from services of 87,500 and 170,000, rent paid of 25,000, partial vehicle payment of 55,000, withdrawal of 25,000, collection of receivable for 35,000, payment of salaries for 57,000, communication costs of 7,500 and advertising of 5,500. The total debits and credits for the period were 969,500.

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    This document is a record of transactions from October 1-31 for Nelson Daganta's business. It shows initial capital investment of 250,000 on October 1. Other transactions include purchasing a service vehicle for 195,000, supplies for 57,000, revenue from services of 87,500 and 170,000, rent paid of 25,000, partial vehicle payment of 55,000, withdrawal of 25,000, collection of receivable for 35,000, payment of salaries for 57,000, communication costs of 7,500 and advertising of 5,500. The total debits and credits for the period were 969,500.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    8 views2 pages

    Sept. 9 Assignement

    Uploaded by

    pablo third
    This document is a record of transactions from October 1-31 for Nelson Daganta's business. It shows initial capital investment of 250,000 on October 1. Other transactions include purchasing a service vehicle for 195,000, supplies for 57,000, revenue from services of 87,500 and 170,000, rent paid of 25,000, partial vehicle payment of 55,000, withdrawal of 25,000, collection of receivable for 35,000, payment of salaries for 57,000, communication costs of 7,500 and advertising of 5,500. The total debits and credits for the period were 969,500.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 2

    Date Particulars Debit Credit

    Oct. 1 Cash 250,000


    Nelson Daganta's Capital 250,000
    Initial investment of Mr. Nelson Daganta

    Oct. 2 Service Vehicle 195,000


    Account Payable 195,000
    Purchased service vehicle on account.

    Oct. 3 Supplies 57,000


    Cash 57,000
    Bought supplies on cash.

    Oct. 9 Cash 87,500


    Service Revenue 87,500
    Revenue from signs painted

    Oct. 10 Rent Expense 25,000


    Cash 25,000
    Paid month's rent

    Oct. 11 Account Recievable 170,000


    Service Revenue 170,000
    Rendered service on account of Cagayan Mobile

    Oct. 12 Accounts Payable 55,000


    Cash 55,000
    Partial payment for service vehicle.

    Oct. 16 Mr. Daganta withdrew 25,000


    Cash 25,000
    Withdrew for personal use.

    Oct. 23 Cash 35,000


    Account Recievable 35,000
    Cash collected from Cagayan Mobile.

    Oct. 27 Salaries Expense 57,000


    Cash 57,000
    Paid salaries for this month.

    Oct. 30 Communication Expense 7,500


    Cash 7,500
    Paid Bayantel for communicatin service rendered this month.

    Oct. 31 Advertising Expense 5,500


    Cash 5,500
    Paid AdAsia for rendered advertising this month.
    Total 969,500 969,500

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