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    Book 1

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    ItsRenz YT
    Rosenda Huerto recorded various business transactions in April including: 1) Purchasing office equipment for ₱55,000 and furniture for ₱26,000 using cash. 2) Providing consulting services that generated ₱45,000 in revenue. 3) Incurring ₱7,500 in rent expense and ₱4,750 in utilities expense. 4) Withdrawing ₱10,000 from the business, leaving a net income of ₱250 for the month.

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    Book 1

    Uploaded by

    ItsRenz YT
    447 views6 pages
    Rosenda Huerto recorded various business transactions in April including: 1) Purchasing office equipment for ₱55,000 and furniture for ₱26,000 using cash. 2) Providing consulting services that generated ₱45,000 in revenue. 3) Incurring ₱7,500 in rent expense and ₱4,750 in utilities expense. 4) Withdrawing ₱10,000 from the business, leaving a net income of ₱250 for the month.

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    Book1

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    Rosenda Huerto recorded various business transactions in April including: 1) Purchasing office equipment for ₱55,000 and furniture for ₱26,000 using cash. 2) Providing consulting services that generated ₱45,000 in revenue. 3) Incurring ₱7,500 in rent expense and ₱4,750 in utilities expense. 4) Withdrawing ₱10,000 from the business, leaving a net income of ₱250 for the month.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    447 views6 pages

    Book 1

    Uploaded by

    ItsRenz YT
    Rosenda Huerto recorded various business transactions in April including: 1) Purchasing office equipment for ₱55,000 and furniture for ₱26,000 using cash. 2) Providing consulting services that generated ₱45,000 in revenue. 3) Incurring ₱7,500 in rent expense and ₱4,750 in utilities expense. 4) Withdrawing ₱10,000 from the business, leaving a net income of ₱250 for the month.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 6

    Rosenda Huerto Rosenda Huerto

    General Journal
    Apr-21
    Date Account Title Debit Credit Cash
    Cash 150000 150000
    Capital 150000 10500
    7000
    Rent Expense 7500 6000
    Cash 7500 10250

    Office furniture 26000


    Cash 26000

    Cash 10500
    Consulting Revenues 10500

    Accounts Receivable 12750 183750


    Consulting Revenues 12750 62000

    Office Equipment 55000 Office Furniture


    Cash 27500 26000
    Accounts Payable 27500 8000

    Office Equipment 39500


    Cash 9500
    Accounts payble 30000

    Cash 7000
    Accounts Receivable 7000

    Office Furniture 8000


    Accounts Payable 8000
    34000
    Salaries Expense 32500
    Cash 32500
    Salaries Expense
    Cash 10250 32500
    Cunsulting Revenues 10250

    Account Receivable 11500


    Cunsulting Revenues 11500

    Cash 6000
    Accounts Receivable 6000

    Accounts Payable 4000


    Cash 4000
    Utilities Expense 2250 32500
    Cash 2250

    Utilities Expense 2500 Kareen Leon


    Cash 2500 Trial Balance
    Apr-21
    Huerto Withdrawals 10000
    Cash 10000 Cash
    Office Equipment
    Accounts Payable
    Office Furniture
    Consulting Revenues
    Accounts Receivable
    Salaries Expense
    Rent Expense
    Utilities Expense
    Huerto Withdrawals
    Huerto Capital

    Rosenda Huerto
    Statement of Financial Performance Statements of Chan
    For the month Ended April 30, 2021 For the month Ended
    Renvenue Leon Capital, April 2
    Rental Revenue ₱ 45,000.00 Additions
    Expense
    Salaries Expense 32500 Withdrawals
    Rent Expense 7500 Leon Capita
    Utilities Expense 4750
    44750
    Net Income ₱ 250.00
    Rosenda Huerto
    General Ledger
    Apr-21
    Cash Office Equipment
    7500 55000
    26000 39500
    27500
    9500
    32500
    4000
    2250
    2500
    10000

    121750 94500

    Office Furniture Consulting Revenues


    10500
    12750
    10250
    11500

    45000

    Salaries Expense Rent Expense


    7500
    7500

    Kareen Leon
    Trial Balance Huerto Withdrawals
    10000
    Debit Credit
    62000
    94500
    61500
    34000
    45000
    11250
    32500
    7500
    4750
    10000
    150000 10000

    256500 256500

    Rosenda Huerto Rosenda Huerto


    Statements of Changes in Equity Statement of Financial Position
    For the month Ended April 30, 2021 For the month Ended April 30, 2021
    Leon Capital, April 2 150000 Current Assets
    Cash 62000
    Net Income 250 150250 Accounts Receivable 11250
    Withdrawals 10000 Non Current Assets
    Apr-30 140250 Office Equipment 94500
    Office Furniture 34000
    Total Current Assets
    Total Assets

    Liabilities
    Accounts Payable 61500
    Total Liabilities
    Equity
    Leon Capital April, 30 140250
    Total Equity
    Total Liabilities and Equity
    Accounts Payable
    4000 27500
    30000
    8000

    4000 65500
    61500

    Accounts Receivable
    12750 7000
    11500 6000

    24250 13000
    11250

    Utilities Expense
    2250
    2500
    4750

    Capital
    150000

    150000

    April 30, 2021

    ₱ 201,750.00
    ₱ 201,750.00

    ₱ 61,500.00

    140250
    ₱ 201,750.00

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