FINANCIAL STATEMENT PREPARATION

The following were the transaction of SPEEDFAST Trucking Delivery Services

which owned and managed by the four partners for the whole year of 2020.

 The four partners invest cash amounting ₱23,733,013.25 for the start of
the business.
 The four partners invest the following; land ₱15,000,000.00, building
₱4,000,000.00.
 Paid legal and professional fees amounting ₱3,100.00.
 Paid taxes and licenses amounting ₱3,985.00.
 The four partners made a loan in the bank worth of ₱30,875,000.00.
 The four partners invest the following; 4 computers worth ₱24,000.00, 3
printers worth ₱3,185.00, and 6 trucks worth ₱2,250,000.00.
