1.

Transactions 1/12
In 2017, Melanie Villas, Michael Eclevia and Camille Bacatan, Edil Bert and Camille La
decided that they are going to create a corporation.
Since they are going to be hands-on and the only stockholders of the company, they
agreed that bonuses and dividends will not be needed anymore.

1/1 5000 shares were issued each to Villas, Eclevia, Bacatan, Bert and La. P100 per share.
1/1 Total fees amounted to 10,000.
1/1 VD corp. bought supplies worth P380,000 and equipments worth P300,000.
Mrs. Mendes offered an office for rent.
The three accepted the offer of Mrs. Mendes for P10,000 a month and moved in
after a day.
1/2 VD corp asked Elixir Ads to advertise their company.
VD corp paid Elixir Ads P20,000 for the services they have rendered.
1/14 VD corp hired some employees (all employees will be paid on Feb since Feb will be the start of their work)
1/30 The corp paid expenses amounting to P25,000.

1/31 VD paid for the office rent for the month of January.
 1. Transactions 2/12

2/5 Ace Magno and VD corp. agreed to the deal that the corporation will reinnovate
Ace Magno’s condominium for only P300,000.
2/10 The corp started to reinnovate the client’s condo.

2/17 VD corp finished it.

2/17 Ace Magno paid P300,000.

2/30 The corp paid rent for the month of February.

2/30 The corp paid expenses amounting to P35,000.

The corp paid salaries to their employees.

 1. Transactions 3/12

3/4 Pekeng Duck inquired about the services offered by the corp.

3/5 Pekeng Duck and VD corp. agreed to the deal that the corporation will
reinnovate Duck’s condominium for only P250,000.
3/10 The corp started to reinnovate the client’s condo.

3/18 VD corp finished it.

3/18 Pekeng Duck paid P250,000.

3/29 The corp paid rent for the month of March.

3/30 The corp paid expenses amounting to P21,000.

3/31 The corp paid salaries to their employees.

 1. Transactions 4/12

4/5 John Travolta inquired about the services offered by the corp.

4/6 Travolta and VD corp. agreed to the deal that the corporation will reinnovate
John Travolta’s house for only P270,000.
4/7 The corp started to reinnovate the client’s house.

4/10 VD corp finished it.

4/10 Travolta paid P270,000.

4/29 The corp paid rent for the month of April.

4/30 The corp paid expenses amounting to P25,000.

4/30 The corp paid salaries to their employees.

 1. Transactions 5/12

5/2 Eps Ed inquired about the services offered by the corp.

5/3 Eps Ed and VD corp. agreed to the deal that the corporation will reinnovate Eps
Ed house for only P190,000.
5/10 The corp started to reinnovate the client’s house.

5/14 VD corp finished it.

5/14 Eps Ed paid P190,000.

5/29 The corp paid rent for the month of May.

5/30 The corp paid expenses amounting to P26,000.

5/31 The corp paid salaries to their employees.

 1. Transactions 6/12

6/2 Sel Ena inquired about the services offered by the corp.

6/3 Sel Ena and VD corp. agreed to the deal that the corporation will reinnovate Sel
Ena house for only P260,000.
6/11 The corp started to reinnovate the client’s house.

6/15 VD corp finished it.

6/15 Sel Ena paid P260,000.

6/29 The corp paid rent for the month of June.

6/30 The corp paid expenses amounting to P24,000.

6/30 The corp paid salaries to their employees.

 1. Transactions 7/12

7/4 Jus Tin inquired about the services offered by the corp.

7/5 Jus Tin and VD corp. agreed to the deal that the corporation will reinnovate Jus
Tin house for only P480,000.
7/9 The corp started to reinnovate the client’s house.

7/11 VD corp finished it.

7/11 Jus Tin paid P480,000.

7/30 The corp paid rent for the month of June.

7/30 The corp paid expenses amounting to P34,000.

7/31 The corp paid salaries to their employees.

 1. Transactions 8/12

8/5 Pic Achu inquired about the services offered by the corp.

8/6 Pic Achu and VD corp. agreed to the deal that the corporation will reinnovate Pic
Achu house for only P240,000.
8/6 The corp started to reinnovate the client’s house.

8/12 VD corp finished it.

8/12 Pic Achu paid P240,000.

8/30 The corp paid rent for the month of August.

8/30 The corp paid expenses amounting to P26,000.

8/31 The corp paid salaries to their employees.

 1. Transactions 9/12

9/3 Inde Pen inquired about the services offered by the corp.

9/5 Inde Pen and VD corp. agreed to the deal that the corporation will reinnovate
Inde Pen house for only P190,000.
9/4 The corp started to reinnovate the client’s house.

9/15 VD corp finished it.

9/15 Inde Pen paid P190,000.

9/30 The corp paid rent for the month of September.

9/30 The corp paid expenses amounting to P46,000.

9/30 The corp paid salaries to their employees.

 1. Transactions 10/12

10/5 Pin Tura inquired about the services offered by the corp.

10/6 Pin Tura and VD corp. agreed to the deal that the corporation will reinnovate Pin
Tura house for only P340,000.
10/6 The corp started to reinnovate the client’s house.

10/12 VD corp finished it.

10/12 Pin Tura paid P340,000.

10/30 The corp paid rent for the month of October.

10/30 The corp paid expenses amounting to P44,000.

10/31 The corp paid salaries to their employees.

 1. Transactions 11/12

11/3 Bobbie Salazar inquired about the services offered by the corp.

11/5 Bobbie Salazar and VD corp. agreed to the deal that the corporation will
reinnovate Bobbie Salazar house for only P220,000.
11/4 The corp started to reinnovate the client’s house.

11/15 VD corp finished it.

11/15 Bobbie Salazar paid P220,000.

11/30 The corp paid rent for the month of November.

11/30 The corp paid expenses amounting to P42,000.

11/30 The corp paid salaries to their employees.

 1. Transactions 12/12

12/5 Pit Za inquired about the services offered by the corp.

12/6 Pit Za and VD corp. agreed to the deal that the corporation will reinnovate Pit Za
house for only P570,000.
12/6 The corp started to reinnovate the client’s house.

12/12 VD corp finished it.

12/12 Pit Za paid P570,000.

12/30 The corp paid rent for the month of December.

12/30 The corp paid expenses amounting to P26,000.

12/31 The corp paid salaries to their employees.

Addt’l Information (accounts that are unrecorded)

Tax Expense - 315,000

Supplies Expense - 321,000
Depreciation Expense - 30,000