DATE TRANSACTION CASH

a Invested cash in the business, Php 60,000. 60,000

b Bought a service vehicle form CDO Motors for Php 112,500, paying Php 22,500 in cash -22,500
c Bought spray equipment on account from Misamis Farm Supplies, Php 18,000.
d Paid rent for the month, Php 5,600. -5,600
e Paid cash for insurance on service vehicle for the year, Php 5,760. -5,760
f Received cash for spray services done on a building, Php 21,750. 21,750
g Bought supplies for cash, Php 5,730. -5,730
h Billed customers on account for services performed, Php 4,440.
i Paid cash for utilities, Php 960. -960
j Received bill for gasoline used by the service during the month, Php 3,270.
k Receipts from cash customers, Php 16,420. 16,420
l Russell withdrew cash for personal use, Php 10,500. -10,500
m Paid salaries to employees, Php 20,400 -20,400
26,720
TOTAL
 Russell Industrial Spray Servi
FINANCIAL TRANSACTION WORKSH
ASSETS
ACCOUNTS RECEIVABLE SUPPLIES PREPAID INSURANCE SPRAY EQUIPMENT

18,000

5,760

5,730
4,440

4,440 5,730 5,760 18,000

173,150

ASSETS
CASH
DEBIT CREDIT
A. 60,000 22,500 B.
F. 21,750 5,600 D.
K. 16,420 5760 E.
5,730 G.
960 I.
10,500 L.
20,400 M.
98,170 71,450
-71,450
TOTAL CASH 26, 720

ACCOUNTS RECIEVABLE
DEBIT CREDIT
H. 4,400

TOTAL A.R. 4,440

SUPPLIES
DEBIT CREDIT
G. 5,730

TOTAL SUPPLIES 5,730

SERVICE VEHICLE
 DEBIT CREDIT
C. 112,500

TOTAL S. V. 112,500

PREPAID INSURANCE
DEBIT CREDIT
E. 5,760

TOTAL P.I. 5,760

SPRAY EQUIPMENT
DEBIT CREDIT
C. 18,000

TOTAL S.E. 18,000

Russell Industrial Spray Services
FINANCIAL TRANSACTION WORKSHEET
LIABILITIES OWNER'S EQUITY
SERVICE VEHICLE ACCOUNTS PAYABLE RUSSELL'S CAPITAL RUSSELL'S WITHDRAWAL
60,000
112,500 -90,000
-18,000

-3,270

10,500

112,500 111,270 60,000 10,500

173,150

LIABILITIES OWNER'S EQUITY

ACCOUNTS PAYABLE RUSSEL CAPITAL
DEBIT CREDIT DEBIT CREDIT
B. 90,000
C. 18,000
J. 3,270 TOTAL R.C. 60,000

TOTAL A.P. 111,270 RUSSEL WITHDRAWAL

DEBIT CREDIT
L. 10.5000

TOTAL R. W. 10,500

RUSSEL EXPENSES
DEBIT CREDIT
D. 5,600
I. 960
M. 20,400
TOTAL R.E.. 26,960

RUSSEL REVENUE
DEBIT CREDIT
J. 3,270
TOTAL RUSSEL R. 39,340
OWNER'S EQUITY
RUSSELL REVENUE RUSSELL EXPENSES

5,600

-21,750

-4,440
960
3,270
-16,420

20,400
-39,340 26,960

WNER'S EQUITY
RUSSEL CAPITAL
BIT CREDIT
60,0000 A.

TOTAL R.C. 60,000

SSEL WITHDRAWAL
BIT CREDIT

OTAL R. W. 10,500

RUSSEL EXPENSES
BIT CREDIT

OTAL R.E.. 26,960

RUSSEL REVENUE
BIT CREDIT
21,750 F.
4,440 H.
16,420 K.
42,610
-3,270
 39,340
AL RUSSEL R. 39,340
DATE TRANSACTION
a Deposited Php 210,000 in the bank in the name of the business
b Bought office equipment on account from Daraga Corp., Php 147,000.
c Invested his personal law library into the business, Php 57,000
d Paid office rent for the month, Php 7,600.
e Bought office supplies for cash, Php 8,850.
f Paid the premium for a one- year fire insurance policy on the equipment and the library, Php 1,860.
g Received professional fees for services rendered, Php 24,600.
h Received and paid bill for the use of a landline, Php 2,280.
i Paid salaries of two part- time legal researchers, Php 9,600.
j Paid car rental expense, Php 2,280.
k Received professional fees for services rendered, Php 21,200.
l Paid Daraga Corp. a portion of the amount owed for the acquisition of the office equipment recorded earlier, Php 15,000.
m Lucinada withdrew cash for personal use, Php 20,750.
 ASSETS
CASH ACCOUNTS RECEIVABLE OFFICE SUPPLIES PREPAID INSURANCE
210,000

-7,600
-8,850 8,850
-1,860 1,860
24,600
-2,280
-9,600
-2,280
21,200
-15,000
-20,750
130,580 8,850 1,860
402,290
 ENGRACIO LUCINADA ATTORNEY-AT-LAW
FINANCIAL TRANSACTION WORKSHEET
LIABILITIES O
OFFICE EQUIPMENT PROFESSIONAL LIBRARY ACCOUNTS PAYABLE LUCINADA CAPITAL
210,000
147,000 147,000
57,000 57,000

-15,000

162,000 57,000 132,000 267,000

402,29
 OWNER'S EQUITY
LUCINADA WITHDRAWAL LUCINADA REVENUE LUCINADA EXPENSES

7,600

24,600
2,280
9,600
2,280
21,200

-20,750
-20,750 45,800 21,760
402,290
CASH
16,000
 LEOPOLDO MEDINA NURSING HOM
FINANCIAL TRANSACTION WORKSHEET
ASSETS
ACCOUNTS RECEIVABLE SUPPLIES LAND NURSING HOME NURSING EQUIPMENT
165,000 21,000 90,000 350,000 160,000
802,000
EDINA NURSING HOME
ANSACTION WORKSHEET
LIABILITIES OWNER'S EQUITY
ACCOUNTS PAYABLE NOTES PAYABLE MEDINA CAPITAL
47,000 350,000 405,000
802,000