MAYBE

THIS TIME
Let us go over the
transactions of the
Maybe Dis Taym
review service
center of Hope
Fully:
MARCH 1

 Hope Fully opened a

review center by
investing cash of
 P 150,000 and two
cars worth P950,000
MARCH 3

Borrowed P300,000
from Metrobank
for use in her
business.
MARCH 7

Bought tables and

chairs and paid
cash of P 145,000
MARCH 15
Various equipment such as
electric fan and computer
were purchased on
account from Carl Balita
for P155,000.
MARCH 18

Hope Fully made

a withdrawal of
of P 15,000 for
personal use
MARCH 20

The account
due to Carl
Balita was paid
in cash
MARCH 21
 IssuedIOU’s to Tiisyu
for books purchased
terms 20% down, 80%
on account terms: 5%
in 10 days, n in 30
days.
MARCH 30

Paid salaries
amounting to 5,000
Office rent- 3,000
Lights- 1500
water bill- 750