SAMPLE: Accounting

Management I
Transactions
Chart of Accounts

Cash Accounts Receivable Supplies

Prepaid Insurance Equipment Furnitures & Fixtures

Accounts Payable Susan Africa, Capital Susan Africa, Drawing

Service Revenue Income Summary Marketing Expense

Utilities Expense Supplies Expense Salaries Expense

Rent Expense Insurance Expense

1. On October 1, Susan Africa invested P500,000 in her spa business.

2. On October 5, she bought equipment worth P40,000 with cash.
3. On October 7, she paid for a marketing campaign for her business worth P20,000.
4. On October 9, she bought supplies on account worth P2,000.
5. On October 12, she bought office furniture worth P47,825.
6. On October 17, she earned P2,500 from her spa business on account.
7. On October 21, she paid for water and electricity worth P8,000.
8. On October 27, she earned P3,500 cash from her spa business.
9. On October 30, she paid P1,500 for the amount she owed.
10. On November 3, she bought additional supplies worth P5,000 cash.

This document/presentation contains proprietary and confidential information. Reproduction, redistribution, or forwarding to any third party, in
whole or in part, is strictly prohibited unless made with prior written consent from APEC Schools. Violation or noncompliance shall​ ​be dealt with
according to law.

14/F Pearl Bank Centre, Valero St., Salcedo Village, Makati City, 1226 Philippines
+63 2 744 5370
1
 11. On November 12, she received P500 for the amount she was owed.
12. On November 15, she earned P10,000 cash from her spa business.
13. On November 18, she used up P1,500 worth of her supplies.
14. On November 23, she paid for the salary of her employees worth P50,000.
15. On November 27, she paid P15,000 cash for rent.
16. On December 1, she paid for 6 months of insurance worth P30,000.
17. On December 5, she earned P5,000 cash from her spa business.
18. On December 11, she bought additional equipment worth P20,000. She paid P5,000
with cash and P15,000 on account.
19. On December 17, she earned P35,000 cash from her spa business.
20. On December 22, she withdrew P30,000 cash from the business.
21. On December 27, she paid for rent worth P15,000.
22. On December 31, her business used up the 1st month of her insurance coverage.

This document/presentation contains proprietary and confidential information. Reproduction, redistribution, or forwarding to any third party, in
whole or in part, is strictly prohibited unless made with prior written consent from APEC Schools. Violation or noncompliance shall​ ​be dealt with
according to law.

14/F Pearl Bank Centre, Valero St., Salcedo Village, Makati City, 1226 Philippines
+63 2 744 5370
2