1 Mr. Jumarito invested P 500,000 and a equipment worth P 200,000 to start a catering business.

2 Borrowed money from a bank, P 50,000. Accounting 1

3 Rendered services to customers for cash, P 50,000. M-F 10:00- 12:00 ROOM 202
4 Purchased supplies on account, P 4,000. Mr. Rhandy M. Oyao, CPA, MBA
5 Paid the rent for the month, P 10,000. Name: ________________________________________
6 Purchased tables and chairs paying P 20,000 cash. Date: _____________________________
7 Rendered services to customers on account, P 60,000. Course and Year : _______________________________
8 Paid the utilities for the month P 3,000.
9 Purchased land for cash, P 250,000.
10 Provided catering services to clients receiving P 30,000 cash.
11 Paid salaries of employees, P 15,000.
12 Mr. Jumarito withdrew cash for personal use, P 10,000.
13 Collected payment from customers in # 7, P 40,000.
14 Paid the supplier in # 4, P 3,000.

Show the effect of each of the above transactions [Plus sign (+) for addition, Minus sign (-) for subtraction] in the transaction analysis table
provided. Write the ending balances of each account at the bottom of the table. Check if total assets is equal to Liabilities + Equity.
359,000 20,000 4,000 20,000 250,000 200,000 1,000 50,000 700,000 10,000 140,000
ASSETS = LIABLITIES + OWNER'S EQUITY
Cash + Accounts + Supplies + Furniture + Land + Equipment = Accounts + Notes + Jumarito, - Jumarito, + Revenue -
Receivable Inventory & Fixture Payable Payable Capital Withdrawal
500,000 200,000 700,000
50,000 50,000
50,000 50,000
4,000 4,000
(10,000)
(20,000) 20,000
60,000 60,000
(3,000)
(250,000) 250,000
30,000 30,000
(15,000)
(10,000) 10,000
40,000 (40,000)
(3,000) (3,000)

Balance 359,000 20,000 4,000 20,000 250,000 200,000 1,000 50,000 700,000 10,000 140,000

Assets = Liabilities + OE
853,000 51,000 802,000
853,000 853,000
___________

___________

28,000
QUITY
Expenses

10,000

3,000

15,000

28,000
 1-Jun Mr. Hanamichi Sakuragi invested P 800,000 to start a retailing business which he named Slam Dunk Enterprise.
3-Jun Paid for the business permits and other fees, P 5,000.
5-Jun Purchased equipment, P 50,000 for cash.
6-Jun Purchased supplies on account, P 10,000.
7-Jun Paid rent for June, P 8,000.
10-Jun Purchased merchandise from the supplier on account, P 200,000.
12-Jun Paid the transportation cost of the merchandise, P 3,000.
13-Jun Purchased merchandise from the supplier for cash, P 100,000.
14-Jun Sold merchandise to customers for cash, P 40,000.
15-Jun Paid salaries of employee, P 5,000.
17-Jun Sold merchandise to customers on account, P 150,000.
18-Jun Paid delivery costs of merchandise sold to customers, P2,000.
20-Jun Made partial payment to supplier in June 10 transaction, P 60,000.
25-Jun Collected partial payment from customers in June 17 transaction, P 80,000.
27-Jun Mr. Sakuragi withdrew cash for personal use, P 20,000.
30-Jun Paid salaries of employee, P 4,500 and electricity bill, P 4,500.

Additional date:
Monthly depreciation for equipment is P 500.
Supplies used amounted to P 6,000.
The merchandise inventory at the end of the month amounted to P 205,000.
 ASSETS LIABLITY OWNER'S EQUITY
Accounts Merchandise Accum. Accounts Sakuragi, Sakuragi, Sales Salaries Taxes and
Date Cash Supplies Equipment Purchases Freight-in
Receivable Inventory Deprn. Payable Capital Withdrawal Revenue expense licenses

Balance 0 0 0 0 0 0 0 0 0 0 0 0 0
R'S EQUITY
Rent Utilities Delivery Depreciation Supplies
expense Expense expense expense Expense

0 0 0 0
 ASSETS LIABLITY OWNER'S EQUITY
Accounts Merchandise Accum. Accounts Sakuragi, Sakuragi, Sales Cost of Salaries
Date Cash Supplies Equipment Purchases Freight-in
Receivable Inventory Deprn. Payable Capital Withdrawal Revenue goods sold expense

1-Jun 800,000 800,000

3-Jun (5,000)
5-Jun (50,000) 50,000
6-Jun 10,000 10,000
7-Jun (8,000)
10-Jun 200,000 200,000
12-Jun (3,000) 3,000
13-Jun (100,000) 100,000
14-Jun 40,000 40,000
15-Jun (5,000) 5,000
17-Jun 150,000 150,000
18-Jun (2,000)
19-Jan (60,000) (60,000)
25-Jun 80,000 (80,000)
27-Jun (20,000) 20,000
30-Jun (4,500) 4,500
Adjustments
30-Jun 500
30-Jun (6,000)
30-Jun 205,000 98,000
Balance 662,500 70,000 205,000 4,000 50,000 500 150,000 800,000 20,000 190,000 98,000 300,000 3,000 9,500

Assets 991,000 150,000

WNER'S EQUITY
Taxes and Rent Utilities Delivery Depreciation Supplies
licenses expense Expense expense expense Expense

5,000

8,000

2,000

500
6,000

5,000 8,000 0 2,000 500 6,000