Junavylla Fatima C.

Plonteras C2-G12-02
ABM 003 AND ABM 004: Fundamentals of ABM 2 and Business Finance
FIRST ACHIEVEMENT TEST

Business Background
Name of the Business Duenahvielluh’s Restaurant
Nature of the Business To serve our customers a unique kind of foods
and drinks that will surely make them satisfy
their cravings in spite of the fact that its
affordable.
Address of the Business Upper Zone 3, Agusan Cagayan de Oro City,
Misamis Oriental, Philippines
Estimated Startup Capital P 2,000,000
Source of Fund Personal Savings
Enumerate your roles and functions as the Chief As a Chief Finance Officer, I am responsible for
Finance Officer of the company. Give at least managing the financial actions of the restaurant
three. Describe each function and role. such as 1.) tracking cash flows to help me see
where the money is going, how its spent,
maximizing the income and limiting the
expenses. 2.) Financial planning who organizes
the restaurants finances and sometimes includes
a steps or goals for spending and saving in the
future. As well as identifying and evaluating
alternative courses of action. 3.) Analyzing the
restaurants financial strengths and weaknesses
to ensure that the restaurants financial reports
are accurate and completed in a timely manner.

Transactions. Indicate as Financing, Investing or Operating Activity.

(2) Financing Activities On March 20, 2019, Junavylla Plonteras
withdrew P2,000,000 from her personal savings
to invest the money and open her own business
which is Duenahvielluh’s Restaurant.

On April 21, 2019, J. Plonteras withdrew

P200,000 in cash from the business to pay for
her personal expenses.
(1) Investing Activity On March 22, 2019, J. Plonteras acquired
appliances, utensils, tables and chairs worth of P
800,500 on account from J. Plonteras, to be paid
within 10 months.
(4) Operating activities On March 23, 2019, J. Plonteras bought
imported and local ingredients from a trusted
friend that costs P 150,000 on account, Down
payment of P 50,000 and the rest are due within
15 days.

On March 27, 2019, J. Plonteras purchased

computer set at a cost of P 360,000.

On April 6, 2019, J. Plonteras paid P 100,000 to

her trusted friend, to reduce the debt of the
business.

On April 20, 2019, J. Plonteras earned P 500,000

from services rendered on cash.

Journal, Ledger and Trial Balance

General Journal
Date Account Titles and Explanation Dr Cr

March 20,2019 Cash P 2,000,000

J. Plonteras, Capital P 2,000,000
To record initial Investment

March 22, 2019 Equipment’s P 800,500

Accounts payable P 800,500
To record acquired equipment’s on account,
to be paid within 10 months.

March 23, 2019 Supplies P 150,000

Cash P 50,000
Accounts Payable 100,000
To record supplies purchased on account,
down payment of P 50,000 and the rest are due
within 15 days.
March 27, 2019 Equipment P 360,000
Cash P 360,000
To record payment for equipment purchased.

April 6, 2019 Accounts payable P 100,000

Cash P 100,000
To record payment of supplies purchased on
account.

April 20, 2019 Cash P 300,000

Service Income P 300,000
To record rendered service on cash.

April 21,2019 J. Plonteras, Withdrawal P 200,000

Cash P 200,000
To record withdrawal

Ledger
Account Title: Cash
Date Remarks PR Amount Balance
DR CR DR CR
March-20 J. Plonteras, Capital GJ1 P 2,000,000 P 2,000,000
March-23 Supplies GJ1 P 50,000 1,950,000
March-27 Equipment GJ1 360,000 1,590,000
April-6 Accounts Payable GJ1 100,000 1,490,000
April-20 Service Income GJ1 300,000 1,790,000
April-21 J. Plonteras, Withdrawal GJ1 200,000 1,590,000

Account Title: Supplies

Date Remarks PR Amount Balance
DR CR DR CR
March-23 Cash GJ1 P 150,000 P 150,000
Accounts Payable GJ1

Account Title: Equipment

Date Remarks PR Amount Balance
DR CR DR CR
March-22 Accounts Payable GJ1 P 800,500 P 800,500
March-27 Cash GJ1 360,000 1,160,500
Account Title: Accounts Payable
Date Remarks PR Amount Balance
DR CR DR CR
March-22 Equipment’s GJ1 P 800,500 P 800, 500
March-23 Supplies GJ1 100,000 900,500
April-6 Cash GJ1 P 100,000 800,500

Account Title: J. Plonteras, Capital

Date Remarks PR Amount Balance
DR CR DR CR
March-20 Cash GJ1 P 2,000,000 P 2,000,000

Account Title: J. Plonteras, Withdrawal

Date Remarks PR Amount Balance
DR CR DR CR
April-21 Cash GJ1 P 200,000 P 200,000

Account Title: Service Income

Date Remarks PR Amount Balance
DR CR DR CR
April-20 Cash GJ1 P 300,000 P 300,000

Trial Balance
Duenahvielluh’s Restaurant
Trial Balance
For the month ended April 21,2019
Account Title Debit Credit

Cash P 1,590,000
Supplies 150,000
Equipment’s 1,160,500
Accounts Payable P 800,500
J. Plonteras, Capital 2,000,000
J. Plonteras, Withdrawal 200,000
Service Income 300,000
Total P 3,100,500 P 3,100,500