LUCA BEAUT

FINANCIAL TRANSAC

ASSETS
Cash + Supplies +
1. Set up a beauty salon and 1 200,000
    deposited P200,000 cash 2- 10,000
    in the bank for use of the Balance 190,000
    business. 3
2. Paid rent for P10,000. Balance 190,000 +
3. Purchased equipment on 4
    account for P100,000. Balance 190,000 +
4. Purchased furniture and 5- 40,000 40,000
    fixtures on credit for Balance 150,000 + 40,000 +
    P30,000. 6 30,000
5. Purchased P40,000 Balance 180,000 + 40,000 +
    worth of supplies in cash. 7- 9,000
6. Received P30,000 for Balance 171,000 + 40,000 +
    make-up and rebonding 8- 20,000
    services. Balance 151,000 + 40,000 +
7. Paid utility bills for P9,000. 9- 20,000
8. Paid partially P20,000 for Balance 131,000 + 40,000 +
    equipment purchased on 10 60,000
    account Balance 191,000 + 40,000 +
9. Paid salaries of workers       for 11 - 10,000
P20,000. Balance 181,000 + 40,000 +
10.Received P60,000 for
     a wedding service
     contract.
11. Luca withdrew P10,000  
    from the business.
 LUCA BEAUTY SALON
FINANCIAL TRANSACTION WORKSHEET

ASSETS LIABILITIES OWNER'S EQUITY

Equipment + Furniture & Fixtures = Accounts Payable + Luca, Capital
200,000
= - 10,000
190,000
100,000 100,000
100,000 = 100,000 + 190,000
30,000 30,000
100,000 + 30,000 = 130,000 + 190,000

100,000 + 30,000 = 130,000 + 190,000

30,000
100,000 + 30,000 = 130,000 + 220,000
- 9,000
100,000 + 30,000 = 130,000 + 211,000
- 20,000
100,000 + 30,000 = 110,000 + 211,000
- 20,000
100,000 + 30,000 = 110,000 + 191,000
60,000
100,000 + 30,000 = 110,000 + 251,000
- 10,000
100,000 + 30,000 = 110,000 + 241,000
351,000 = 351,000
INV
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