Transaction Analysis: Value Received (Debit): Accounting Element: Account title to be debited: Amount: Cash Asset Cash on Hand

P500,000.00

Claim of the owner in the business. Value Parted (Credit): Owners Equity Accounting Element: Account title to be credited: Val Rox, Capital P500,000.00 Amount:

Transaction Analysis: Value Received (Debit): Accounting Element: Account title to be debited: Amount: Cash Asset Cash in Bank P500,000.00

Value Parted (Credit): Accounting Element:

Cash Asset Account title to be credited: Cash on Hand Amount: P500,000.00

Transaction Analysis: Cash payment per Check Voucher. Value Parted (Credit): Cash Accounting Element: Asset Account title to be credited: Cash in Bank Amount: P5,000.00

Value Received (Debit): Accounting Element: Account title to be debited: Amount:

Supplies Expense Supplies Expense P5,000.00

Transaction Analysis: Cash payment for electricity per CHECK. Value Received (Debit): Accounting Element: Account title to be debited: Amount: Electricity consumed Expense Utility Expense P1,500.00 Value Parted (Credit): Accounting Element: Account title to be credited: Amount: Cash Asset Cash in Bank P1,500.00

Transaction Analysis: Value Received (Debit): Accounting Element: Account title to be debited: Amount: Computer Asset Office Equipment P50,000.00

Value Parted (Credit): Cash and obligation to pay Accounting Element: Asset and Liability Account title to be credited: Cash in Bank & Notes Payable Amount: P25,000.00 & P25,000.00

Transaction Analysis:
Value Received (Debit): Accounting Element: Account title to be debited: Amount: Cash Asset Cash on Hand P150,000.00 Value Parted (Credit): Accounting Element: Account title to be credited: Amount: Service Rendered Revenue Service Income P150,000.00

Transaction Analysis: Value Received (Debit): Accounting Element: Account title to be debited: Amount: Cash Asset Cash in Bank P150,000.00

Value Parted (Credit): Accounting Element: Account title to be credited: Amount:

Cash Asset Cash on Hand P150,000.00

Transaction Analysis: Issued check on Dec. 16 to pay the payroll for the period attached Payroll sheet. Value Received (Debit): Accounting Element: Account title to be debited: Amount: Employees services Expenses Salary Expense P8,508.00

Cash in Bank, Liability to SSS and BIR Value Parted (Credit): Asset and Liabilities Accounting Element: Account title to be credited: Cash in Bank, SSS Payable and withholding tax payable P6,508.00 P1,550.00 P450.00 Amount:

Transaction Analysis: Billed to the customer for services rendered as per attached Statement of Accounts. Value Received (Debit): Accounting Element: Account title to be debited: Amount: Collectible from U Tongue Enterprises Asset Accounts Receivable P50,000.00 Service Rendered Revenue Service Income P50,000.00

Value Parted (Credit): Accounting Element: Account title to be credited: Amount:

Transaction Analysis: Received a Debit Note from the bank. Value Received (Debit): Accounting Element: Account title to be debited: Amount: Bank Service Expense Bank charge expense P100.00

Value Parted (Credit): Accounting Element: Account title to be credited: Amount:

Cash Asset Cash in Bank P100.00

Transaction Analysis: Check payment of Notes Payable. Value Received (Debit): Accounting Element: Account title to be debited: Amount: Cancellation of obligation to pay Liability Notes Payable P25,000.00 Cash Asset Cash in Bank P25,000.00

Value Parted (Credit): Accounting Element: Account title to be credited: Amount:

Transaction Analysis: Value Received (Debit): Accounting Element: Account title to be debited: Amount: Cancellation of owners claim Owners Equity Val Rox, Capital P500.00 Value Parted (Credit): Accounting Element: Account title to be credited: Amount: Cash Asset Cash on Hand P500.00