Congressional integrated Highschool

Poisettia St., Via verde Village, Dasmarinas City, Cavite

In Partial Fulfilment of the

Requirements for

Fundamental of ABM 2

Submitted to;

Mrs. Millie Ann Mendoza Galang

Submitted by;

Crystal Dane M. Tumonog

ABM 12-1

June 13, 2019

BUSINESS NAME: Jondydane Fashion Boutique

OWNER: Dane Masaganda

The following are business transactions of Jondydane Fashion Boutique for the month of June.

DATE TRANSACTION

July 1 D. Masaganda invested to the Jondydane Fashion Boutique for P550,000.

July 2 Paid P13,500 for 3 months advance rent.

July 5 Paid business permit for P1,500.

July 7 Purchased equipment for P48,000.

July 10 Billed customers for services rendered on account cost P60,000.

July 13 Borrowed P110,000 from the bank payable in 18 months.

July 15 Purchased new supplies amounting P65,000.

July 17 Paid wages to its employees for the 1st two weeks of July: P53,000.

July 20 D. Masaganda withdraw P10,000.

July 22 Received P30,000 cash in providing services to customers.

July 23 Collected P27,800 from customers billed on account.

July 25 Rendered Services P45,000 for cash.

July 26 Paid electricity bill amounting P6,500.

July 29 Paid wages to its employees for the 3rd and 4th week of July: P53,000

July 31 Paid P6,500 for telephone bills.

BUSINESS NAME: Jondydane Fashion Boutique

OWNER: Dane Masaganda

DATE ACCOUNT TITLE DEBIT CREDIT

July 1 Cash 550,000

D. Masaganda Capital 550,000
To record investment of owner.

July 2 Prepaid Rent 13,500

Cash 13,500
To record advance rent payment.

July 5 License Expense 1,500

Cash 1,500
To record payment for business permit.

July 7 Equipment 48,000

Cash 48,000
To record purchased equipment in cash.

July 10 Accounts Receivable 60,000

Service Revenue 60,000
To record revenue billed on account.

July 13 Cash 110,000

Loans Payable 110,000
To record loan from a bank payable in 18 months.

July 15 Supplies 65,000

Cash 65,000
To record purchased supplies in cash.
BUSINESS NAME: Jondydane Fashion Boutique

OWNER: Dane Masaganda

DATE ACCOUNT TITLE DEBIT CREDIT

July 17 Wages Expense P 53,000

Cash P 53,000
To record wages expense.

July 20 D. Masaganda Drawings 10,000

Cash 10,000
To record owner's drawings.

July 22 Cash 30,000

Service Revenue 30,000
To record revenue on cash

July 23 Cash 27,800

Accounts Receivable 27,800
To record collection from customer.

July 25 Cash 45,000

Service Revenue 45,000
To record revenue earned in cash.

July 26 Light Expense 6,500

Cash 6,500
To record payment of electricity bill.

July 29 Wages Expense 53,000

Cash 53,000
To record wages expense.

July 31 Communication Expenses. 6,500

Cash 6,500
To record payment of telephone bills.

TOTAL P 796,500 P 796,500